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Proposed Resolution - 5/28/20211 Resolution No. ______ of 2021 (Adopting the Tentative Budget for the Capital Projects Fund of the Local Building Authority of Salt Lake City, Utah for Fiscal Year 2021-2022) A Resolution Adopting the Tentative Budget for the Capital Projects Fund of the Local Building Authority of Salt Lake City, Utah, for the Fiscal Year Beginning July 1, 2021 and Ending June 30, 2022. PREAMBLE WHEREAS, the Salt Lake City Council has created the Local Building Authority of Salt Lake City, Utah (the “Building Authority”), and has appointed Mary Beth Thompson as the Budget Officer of the Building Authority (the “Budget Officer”); and WHEREAS, the Budget Officer has filed with the Board of Directors (the “Board”) of the Building Authority a tentative budget for the capital projects fund of the Building Authority; and WHEREAS, the Board is required to review, consider and tentatively adopt the tentative budget in a regular or special meeting called for that purpose; and WHEREAS, the tentative budget adopted by the Board and all supporting schedules and data shall be a public record in the office of the Secretary of the Building Authority, available for public inspection for a period of at least ten days before the adoption of the final budget; and WHEREAS, at the meeting in which the tentative budget for the capital projects fund is adopted, the Board shall establish the time and place of a public hearing to consider the adoption and shall order that notice thereof be given at least seven days before the hearing (a) by posting in three public places within Salt Lake City, Utah and (b) by publishing on the Utah Public Notice Website created in Utah Code Section 63A-12-201. NOW, THEREFORE, be it resolved by the Board of Directors of the Local Building Authority of Salt Lake City, Utah, as follows: 2 1. The tentative budget for the capital projects fund of the Building Authority for the fiscal year 2021-2022, filed by the Budget Officer with the Board, is hereby adopted as the Building Authority’s tentative budget for the capital projects fund and is ordered to be filed and maintained as a public record, available for public inspection in the office of the Secretary of the Building Authority, whose permanent office is located at 451 South State Street, Room 415, Salt Lake City, UT 84111 but which office is temporarily located at 349 South 200 East, Salt Lake City, UT 84111, until adoption of the final budget. 2. The Board shall hold a public hearing on the budget tentatively adopted. The public hearing shall be held at 7:00 p.m. on ________, 2021 and _________, 2021. The public hearing will be held during an electronic meeting which is authorized under Salt Lake City Emergency Proclamation No. 2 of 2020 and the Governor’s Executive Order dated March 18, 2020. Under that Proclamation and Order, the meeting will not have a physical location at the City and County Building. Anyone desiring to listen to or speak at the public hearing must connect to the meeting remotely. Persons desiring to listen to or speak at the public hearing should visit the City Council’s website (https://www.slc.gov/council/news/featured- news/virtually-attend-city-council-meetings/) or call 801-535-7600 to learn how to listen to or speak at the public hearing. Notice of the public hearing shall be published at least seven days before the hearing (a) in at least one issue of a newspaper of general circulation published in Salt Lake County, Utah and (b) on the Utah Public Notice Website created in Utah Code Section 63A-12-201. At the public hearing the Board shall give all interested persons in attendance or connected remotely an opportunity to be heard on the estimates of revenues and expenditures or any item in the tentative budget of the capital projects fund. 3. This Resolution shall take effect immediately upon its approval and adoption. 3 Passed by the Board of Directors of the Local Building Authority of Salt Lake City, Utah, this _____ day of _______________, 2021. ________________________ ATTEST: PRESIDENT ______________________________ SECRETARY APPROVED AS TO FORM ______________________________ Boyd Ferguson, Senior City Attorney Date: _____________________