HomeMy WebLinkAboutProposed Resolution - 5/5/2026SALT LAKE CITY
COMMUNITY REINVESTMENT AGENCY
RESOLUTION NO__________
Adopting the Budget of the Salt Lake City Community Reinvestment Agency of Salt Lake City,
Utah, for Fiscal Year 2026-2027
A resolution of the Board of Directors of the Salt Lake City Community Reinvestment
Agency of Salt Lake City, Utah, adopting the budget for the fiscal year beginning July 1, 2026
and ending June 30, 2027.
WHEREAS, the Salt Lake City Community Reinvestment Agency (“Agency”) was
created to transact the business and exercise the powers provided for in the Community
Reinvestment Agency Act; and
WHEREAS, the Agency’s Board of Directors (“Board”) has determined it is both
necessary and desirable to adopt the 2026-2027annual budget (“Budget”); and
WHEREAS, the Board has determined that the public improvements to be carried out
with tax increment in each of the project areas will be of benefit to the project area which
generated the tax increment; and
WHEREAS, on ________, 2026 the Board of Directors adopted the tentative budget by
Resolution ___ of 2026 (“Tentative Budget”); and
WHEREAS, at its _______, 2026, and ______, 2026 meetings, the Board held public
hearings, at which interested persons in attendance or connected remotely were given an
opportunity to be heard on the estimates of revenues and expenditures or any item in the
Tentative Budget; and
03A.Res.FY27.CRA Budget 2
WHEREAS, the Tentative Budget adopted by the Board and all supporting schedules and
data was a public record in the Office of the Salt Lake City Recorder, available for public
inspection before the adoption of the Budget; and
WHEREAS, the Agency caused a copy of the Tentative Budget to be available before the
public hearing in accordance with state law.
NOW, THEREFORE, be it resolved by the Board of Directors of the Salt Lake City
Community Reinvestment Agency of Salt Lake City, Utah, that the previously adopted Tentative
Budget, as modified by the “Key Changes” attached and made a part of this Resolution, is
adopted as the Budget of the Salt Lake City Community Reinvestment Agency for the fiscal year
commencing on July 1, 2026 and ending June 30, 2027.
BE IT FURTHER RESOLVED, that the following budget contingencies are hereby
adopted with the Agency's 2026-2027 Budget:
A. A copy of the Budget shall be certified and filed in the Office of the Salt Lake
City Recorder whose permanent office is located at 451 South State Street, Room 415, Salt Lake
City, Utah 84111 and be available to the public for inspection during regular business hours.
B. A copy of the Budget shall be certified and filed with the Salt Lake County
Auditor, the State Tax Commission, the State Auditor, the State Board of Education, and each
taxing entity from which the Agency receives project area funds as required by Utah Code
Section 17C-1-601.5(6) within 90 days after its adoption.
C. This Resolution shall take effect on July 1, 2026.
03A.Res.FY27.CRA Budget 3
Passed by the Board of Directors of the Salt Lake City Community Reinvestment
Agency, this ___ day of June, 2026.
________________________________
Dan Dugan, CRA Chair
The Executive Director:
____ does not request reconsideration
____ requests reconsideration at the next regular Agency meeting
_________________________________
Erin Mendenhall, Executive Director
Attest:
_________________________
Keith Reynolds, City Recorder
Office of the City Attorney
Date: 04/07/2026
By: /s/ Jennifer Huntsman
Jennifer Huntsman, Senior City Attorney