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011 of 1988 - Adopting the West Temple Gateway RDA Project Area 0 88-1 t T 87-18 SALT-LAKE--CITY ORDINANCE---- No. _11 of 1988 (Adopting the West Temple Gateway Redevelopment Project Area Redevelopment Plan Entitled, "WEST TEMPLE GATEWAY NEIGHBORHOOD DEVELOPMENT PLAN" , dated August 1, 1987) AN ORDINANCE ADOPTING THE WEST TEMPLE GATEWAY REDEVELOPMENT PROJECT AREA REDEVELOPMENT PLAN ENTITLED "WEST TEMPLE GATEWAY NEIGHBORHOOD DEVELOPMENT PLAN" , DATED AUGUST 1, 1987. WHEREAS, the City Council of Salt Lake City, Utah, has considered adopting the West Temple Gateway Redevelopment Project Area Redevelopment Plan entitled, "West Temple Gateway Neighborhood Development Plan", dated August 1, 1987, and has held a public hearing on the adoption; NOW, THEREFORE, the City Council hereby adopts the West Temple Gateway Redevelopment Project Area Redevelopment Plan entitled, "West Temple Gateway Neighborhood Development Plan" , dated August 1, 1987. Be it ordained by the City County of Salt Lake City, Utah: SECTION 1. That said Ordinance of the City of Salt Lake, Utah is hereby enacted to read as follows: WEST TEMPLE GATEWAY NEIGHBORHOOD DEVELOPMENT PLAN Sections: 1. Neighborhood Development Plan. 2. Project Boundaries. 3. Purposes of Redevelopment Plan. 4. Plan Incorporated by Reference. 5. Plan Officially Designated. 6. Council Findings. -7-. -- Housing--Facilities.- - - - - - - - - 8. Tax Increment Financing. Section 1. Neighborhood Development Plan. It has become necessary and desirable to adopt a redevelopment plan entitled, "West Temple Gateway Neighborhood Development Plan, " dated August 1, 1987. Section 2. Project Boundaries. The legal description of the boundaries of the project area covered by the redevelopment plan entitled, "West Temple Gateway Neighborhood Development Plan, " dated August 1, 1987, is as follows, to-wit: COMMENCING at the Northeast corner of the inter- section of Main Street and 600 South Street; thence running West along the North boundary line of 600 South Street to the Northwest corner of 600 South Street and 300 West Street; thence South along the West boundary line of 300 West Street to a point where 300 West Street intersects the State Highway 270 (900 South collector road) ; thence East and Northeasterly along the South and Southeasterly boundary line of State Highway 270 ( 900 South collector road) to a point directly West of the Southeast corner of West Temple Street and Fayette Avenue; thence East to the Southeast corner of West Temple Street and Fayette Avenue; thence East along the South boundary line of Fayette Avenue to the Southeast corner of the inter-section of Fayette Avenue and Main Street; thence North along the East boundary line of Main Street to the POINT OF BEGINNING, Salt Lake City, Salt Lake County, Utah. Excluding, however, all of Block 23, Plat "A, " Salt Lake City Survey. Section 3. Purposes of Redevelopment Plan. The purpose and intent of the City Council of the City of Salt Lake with respect to the project area, is to accomplish the following purposes by adoption of the redevelopment plan -2- - - - - entitled-, "West Temple -GatewayNeighborhood Development - - - Plan, " dated August 1, 1987: A. Removal of structurally substandard buildings to permit the return of the project area land to economic use and new construction. B. Removal of impediments to land disposition and development through assembly of land into reasonably-sized and -shaped parcels serviced by improved public utilities and new community facilities. C. Rehabilitation of building to assure sound long- term economic activity in the core area of the City of Salt Lake. D. Elimination of environmental deficiencies, including among others, small and irregular lot subdivi- sion, overcrowding of the land and inadequate off-street parking. E. Achievement of an environment reflecting a high level of concern for architectural and urban design prin- ciples, developed through encouragement, guidance, appro- priate controls and professional assistance to owner par- ticipants and redevelopers. F. Implement the tax increment financing provisions of the Utah Neighborhood Development Act, Utah Code Annotated, Section 11-19-29, et seq. , which is incorporated herein by reference and made a part of this Ordinance. -3- - - G. - Strengthening-of the tax-base- and-economic-health- of the entire community and of the State of Utah. H. Provisions for improvements to public streets, curbs and sidewalks, other public rights-of-way, street lights, landscaped areas, public parking, and other public improvements. Section 4. Plan Incorporated by Reference. The redevelopment plan entitled, "West Temple Gateway Neighborhood Development Plan, " dated August 1, 1987, together with supporting documents is incorporated herein by reference, is attached hereto, and made a part of this Ordinance. Copies of said Plan shall be filed and maintained in the office of the City Recorder for public inspection. Section 5. Plan Officially Designated. The "West Temple Gateway Neighborhood Development Plan, " dated August 1, 1987, is hereby designated as the official redevelopment plan of the project area. Section 6. City Council Findings. The City Council of the City of Salt Lake hereby determines and finds as follows: A. The project area, as above described, is a "blighted area" as defined in Section 11-19-2, Utah Code Annotated 1953, as amended, and that the redevelopment of said area is necessary to effectuate the public purposes set forth in the Utah Neighborhood Development Act. -4- B. --The- redevelopment -plan would--redevelop-the area in- conformity with the Utah Neighborhood Development Act and is in the interests of the public peace, health, safety and welfare of the area and the community. C. The adoption and carrying out of the redevelopment plan is feasible and economically sound. D. The redevelopment plan conforms to the master plan or general plan of the City of Salt Lake. E. The carrying out of the redevelopment plan will promote the public peace, health, safety and welfare of the community and will effectuate the purposes and policy of the Utah Neighborhood Development Act. F. The condemnation of the real property, as provided for in the redevelopment plan, is necessary to the execution of the redevelopment plan and adequate provisions have been made for the payment for property to be acquired as provided by law. G. The Redevelopment Agency of Salt Lake City has a feasible method or plan for the relocation of families and persons displaced from the project area, if the redevelopment plan may result in the temporary or permanent displacement of any occupants of housing facilities in the project area. H. There are or are being provided in the project area or in other areas not generally less desirable in regard to public utilities and public and commercial facilities and at -5- -rents-or prices-within the financial means -of--the -families - - -and persons displaced from the project area, decent, safe, and sanitary dwellings equal in number to the number of and available to such displaced families and persons and reasonably accessible to their places of employment. Section 7. Housing Facilities. The City Council of the City of Salt Lake is satisfied that permanent housing facilities will be available within three years from the time occupants of the project area are displaced and that pending the development of such facilities, there will be available to such displaced occupants adequate temporary housing facilities at rents comparable to those in the community at the time of their displacement. Section 8. Tax Increment Financing. This Ordinance adopting the redevelopment plan adopted, "West Temple Gateway Neighborhood Development Plan, " dated August 1, 1987, specifically incorporates the provisions of tax increment financing permitted by Section 11-19-29, Utah Code Annotated 1953, as amended, which provides in part the following: 1. Any redevelopment plan may contain a provision that taxes, if any, levied upon taxable property in a redevelopment project each year by or for the benefit of the State of Utah, any city, county, city and county, district or other public corporation (hereinafter sometimes called "taxing -6- t -- -- agencies" )--after- the effective date of the - - - -- - - - ordinance approving the redevelopment plan, shall be divided as follows: (a) That portion of the taxes which would be produced by the rate upon which the tax is levied each year by or for each of the taxing agencies upon the total sum of the assessed value of the taxable property in the redevelopment project as shown upon the assessment roll used in connection with the taxation of such property by such taxing agency, last equalized prior to the effective date of such ordinance, shall be allocated to and when collected shall be paid into the funds of the respective taxing agencies as taxes by or for said taxing agencies on all other property are paid ( for the purpose of allocating taxes levied by or for any taxing agency or agencies which did not include the territory in a redevelopment project on the effective date of such ordinance but to which such territory has been annexed or otherwise included after such effective date, the assessment roll of the county last equalized on the effective date of the ordinance shall be used in determining the assessed valuation of the taxable property in the project on the effective date) ; and. . . -7- -(d)- In a redevelopment-project -with -a -redevelopment - - plan adopted after April 1, 1983, that portion of the levied taxes each year in excess of the amount allocated to and when collected paid into funds of the respective taxing agencies under subsection (a) shall be allocated to and when collected shall be paid into a special fund of the redevelopment agency according to the limits set forth in subsection (e) to pay the principal of and interest on loans, monies advanced to, or indebtedness (whether funded, refunded, assumed, or otherwise) incurred by such redevelopment agency after April 1, 1983, to finance or refinance, in whole or in part, such redevelopment project. Payment of tax revenues to the redevelopment agency shall be subject to and shall except uncollected or delinquent taxes in the same manner as payments of taxes to other taxing agencies are subject to collection. Unless and until the total assessed valuation of the taxable property in a redevelopment project exceeds the total assessed value of the taxable property in such project as shown by the last equalized assessment roll referred to in subsection (1) (a) of this section, all of the taxes levied and collected upon the taxable property in such -8- Y redevelopment project shall be paid--into- the funds-- - -- of the respective taxing agencies. When such loans, advances, and indebtedness, if any, and interest thereon, have been paid, all monies thereafter received from taxes upon the taxable property in such redevelopment project shall be paid into the funds of the respective taxing agencies as taxes on all other property are paid. SECTION 2. EFFECTIVE DATE. This ordinance shall be effective immediately upon its first publication. Passed by the City Council of Salt Lake City, Utah, this 19th day of January 1988. CHA�SONPf _, T ATTES / A �AAJaa, CITY R R ER Esy _,_ Transmitted to the Mayor on January 19, 1988 Mayor' s Action: X Approved Vetoed. MAYOR ATTEST: CI Y R DER BRB:pp (SEAL) BILL 11 of 1988 -9- Published: January 26, 1988