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007 of 2016 - Extending time period for conditions for Ordinance 18 of 2012 (545 and 555 West 500 North) R 16-1 P 12-5 RESOLUTION NO. 7 OF 2016 A resolution extending the time period for satisfying the conditions set forth in Ordinance No. 18 of 2012. (Property located at 545 and 555 West 500 North Street) WHEREAS.the city council enacted Ordinance No. 18 of 2012 on April 3,2012;and WHEREAS.that ordinance imposed certain conditions and required that those conditions be met within one year from the date that the ordinance was approved;and WHEREAS,the ordinance also provided that the city council may extend the time period for satisfying the conditions set forth in the ordinance;and WHEREAS,on April 2,2013,the city council adopted Resolution 13 of 2013,which extended the deadline for the Applicant to satisfy the aforementioned conditions to April 3. 2015;and WHEREAS,on March 24,2015,the city council adopted Resolution 9 of 2015,which further extended the deadline for the Applicant to satisfy the aforementioned conditions to April 3,2016;and WHEREAS,the Applicant has continued to experience difficulties in securing financing and a contractor to complete the project and has requested an additional twenty-four(24)month extension of the deadline to satisfy the conditions of Ordinance No. 18 of 2012;and WHEREAS,the City Council finds that there is good cause to extend the deadline in the ordinance; NOW.THEREFORE,be it resolved by the City Council of Salt Lake City,Utah: SECTION 1. The deadline set forth in Section 4 of Ordinance No. 18 of 2012 as modified by Resolution 13 of 2013 and Resolution 9 of 2015 shall be and hereby is extended to April 3,2018 for the applicant to satisfy the conditions set forth in Section 2 of Ordinance 18 of 2012. DATED this 15 day of March ,2016. Passed by the City Council of Salt Lake City,Utah,this 15 day of March ,2016. SALT LAKE CITY COUNCIL ^0p10E........... Ir • 'G�.4, By: ; 1 I CHAI ERSON �`.�1�6pQ;....T...0%1 ''''RAT6'''y'' ATTE ND COUNTERSIGN: €€tT RECO ER APPROVED AS TO FORM Salt La}s..CityAttoney''s Office ; 6 By: .v Paul Nielson`Sen r it),Attorney HB_ATTY-1150279-v I-Resolution_cxtendingdeadline_545_555_West_500_North.DOC