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Proposed Resolution - 1/30/2024RESOLUTION NO. ____ OF 2024 A Resolution Authorizing the Foreign-Trade Zones Board to Transfer Grantee Authority of Foreign-Trade Zone Number 30 to World Trade Center of Utah WHEREAS, on June 18, 1934, Congress approved the Foreign-Trade Zones Act “to provide for the establishment, operation, and maintenance of foreign trade zones in ports of entry of the United States to expedite and encourage foreign commerce and for other purposes” (the “Act”); and WHEREAS, on May 26, 1977, in accordance with the Act and its accompanying regulations, Salt Lake City Corporation (“City”) received approval from the Foreign-Trade Zones Board to establish, operate, and maintain Foreign-Trade Zone No. 30 in a capacity as Grantee; and WHEREAS, pursuant to Resolution No. 28 of 2017, the City created a Service Area for Foreign-Trade Zone No. 30 under the Alternative Site Framework, to include the Counties of Davis, Morgan, Salt Lake, Utah, and Weber, and the Cities of Brigham City, Corinne, Honeyville, Perry, Erda, Grantsville, Lake Point, Mills Junction, Rush Valley, Stansbury Park, Stockton, Terra, Tooele, Vernon, Heber City, Midway, Coalville, Deer Mountain, Echo, Francis, Henefer, Kamas, Kimball Junction, Oakley, Park City, Peoa, Samak, Silver Summit, Snyderville, Wanship, Woodland, and Mantua, consistent with the Act and its accompanying regulations; and WHEREAS, the purpose of maintaining a Foreign-Trade Zone is to accelerate growth for local businesses by reducing barriers for trade and investment for companies engaged in business on an international scale, which is increasingly vital in a global economy; and WHEREAS, as of January 2024, Foreign-Trade Zone No. 30 includes one active company; and WHEREAS, the City desires to see Foreign-Trade Zone No. 30 be more widely accessed by local businesses throughout Salt Lake City by ensuring that barriers to access, such as the need for companies to engage costly technical and consultant assistance, are removed; and WHEREAS, the World Trade Center of Utah has emerged as a potential recipient of the City’s Grantee authority and has demonstrated it has additional resources available that would enable it to operate and maintain Foreign-Trade Zone No. 30 in accordance with the City’s desire to lower barriers to access for local businesses; and WHEREAS, the City has determined that a transfer of City’s Grantee authority to the World Trade Center of Utah would promote the City’s goals of encouraging the growth and vitality of Salt Lake City’s local business community, particularly for small and medium sized businesses and those with limited resources, such as minority-owned and underserved businesses; and WHEREAS, for the Foreign-Trade Zone Board to effectuate a transfer of the City’s Grantee authority for Foreign-Trade Zone No. 30 to the World Trade Center of Utah, the City must consent to the transfer. NOW THEREFORE, BE IT RESOLVED by the City Council of Salt Lake City Corporation as follows: 1. That Salt Lake City Corporation, Grantee of Foreign-Trade Zone No. 30, is hereby duly authorized to consent to the transfer of Grantee authority to the World Trade Center of Utah. 2. The Council hereby authorizes the Mayor or her designee to negotiate and execute any documents required to effectuate the transfer of Grantee authority, and incorporating such other documents and agreements as recommended by the City Attorney’s office. Passed by the City Council of Salt Lake City, Utah this ___ day of _________, 2024. SALT LAKE CITY COUNCIL ___________________________________ Victoria Petro, Chair Transmitted to Mayor on _______________________. Mayor's Action: _______Approved. _______Vetoed. MAYOR ___________________________ CITY RECORDER APPROVED AS TO FORM (SEAL)Salt Lake City Attorney’s Office Date: __________________________ Bill No. ________ of 2024 Published: ______________._______________________________ Sara Montoya, Senior City Attorney January 30, 2024