April 20, 1993

 

AGENDA

 

CITY COUNCIL CHAMBER

ROOM 315

CITY AND COUNTY BUILDING

451 SOUTH STATE STREET

SALT LAKE CITY, UTAH

 

TUESDAY, April 20, 1993

6:00 P.M.

 

A. BRIEFING SESSION:

 5:00 - 5:55 p.m., Room 325, City and County Building, 451 South State Street

 

 1.   Report of Executive Director.

 2.   The Council will interview Lynn Morgan prior to consideration of his

      appointment to the Historic Landmark Committee.

 

B. OPENING CEREMONIES:

 

 1.  Pledge of Allegiance.

 2.  Approval of April 13, 1993 minutes.

 3.  The Council will adopt a joint resolution and join with the Mayor in

 presenting it to Loretta Baca and Joyce Longhurst, representatives from the

     Third District Victim's Rights Committee, relating to support of Crime

     victims' Rights Week.

 

C. COMMENTS:

 

 1.  Questions to the Mayor from the City Council.

 2.  Citizen Comments to the City Council.

 

D. CONSENT:

 

 1.  Board Appointment Lynn Morgan

     The Council will consider approving the appointment of Lynn Morgan to the

     Historic Landmark Committee for a term extending through July 14, 1995.

 (I 93-6)

 

 Staff Recommendation: Approve.

 

E. NEW BUSINESS:

 

 1. Resolution: Municipal Building Authority -

    Baseball Stadium and Ca0ital Improvement Bonds

  Consider adopting a resolution authorizing the issuance of Lease Revenue Bonds

  (Municipal Improvements and Refunding project), Series 1993A (the "Bonds"), on

 behalf of Salt Lake City, Salt Lake County, Utah, fixing the maximum aggregate principal amount of the Bonds, the maximum number of years over which the Bonds may bear interest and the maximum discount from par at which the Bonds  may be sold; providing for the publication of a Notice of Bonds to be Issued with respect to the Bonds; selecting underwriters for the Bonds and appointing bond counsel for the Bonds; and providing for related matters.

 (R 93-4)

 

 

       Staff Recommendation:    Recess as City Council, convene as Municipal Building Authority, Adopt Resolution.

 

 2. Resolution: Acquisition and Construction of Stadium

 Consider adopting a resolution authorizing the acquisition and construction by the Authority of a new baseball stadium with related improvements and designating the Mayor of Salt Lake City to act as agent for the Authority in executing construction contracts and taking other appropriate action in connection with the construction of the baseball stadium with related improvements.

 (R 93-5)

 

            Staff Recommendation: Adopt Resolution, Adjourn as Municipal Building Authority, Re-convene as City Council.

 

 3. Resolution: Approval of Stadium Plans

 Consider adopting a resolution approving the plans, specifications and estimated costs of a new baseball stadium project to be undertaken on behalf of the City by the Municipal Building Authority of Salt Lake City, Salt Lake County, Utah.

 (R 93-6)

 

            Staff Recommendation: Suspend and Adopt.

 

 4. Resolution: Interlocal Cooperation Agreement. Baseball Stadium

Consider adopting a resolution authorizing the approval of an interlocal cooperation agreement between Salt Lake County and Salt Lake City whereunder the County will pay Three Million Dollars ($3,000,000) in installments of $1,000,000 on or before the bond closing, and $500,000 on or before January 15th of 1994, 1995, 1996 and 1997.

(C 93-208)

 

             Staff Recommendation: Suspend and Adopt.

 

F. UNFINISHED BUSINESS:

 

 1. Resolution: CDBG 1993-94 Funding

    Consider adopting a resolution and related motions adopting the final statement regarding 19th year Community Development Block Grant Funding and approving an interlocal cooperation agreement between Salt Lake City and the U.S. Department of Housing and Urban Development.

(T 93-4)

 

           Staff Recommendation: Adopt.

 

 2. Resolution: Economic stimulus Bill Block Grant

Consider adopting a resolution and related motions adopting the final statement regarding Economic Stimulus Bill Block Grant Funding and approving an interlocal cooperation agreement between Salt Lake City and the U.S. Department of Housing and Urban Development.

(R 93-3)

 

          Staff Recommendation: Adopt.

 

G. PUBLIC HEARINGS

 

 6:00 p.m.

 1. Resolution: IHC Refunding Bonds

 Accept public comment and consider adopting the following resolutions:

 

 Resolution: IHC Hospitals. Inc.

 Consider adopting a resolution approving the proposed issuance by Salt Lake City, Utah of its hospital revenue bonds in an aggregate principal amount not to exceed $65,000,000 for the benefit of 11W Hospitals, Inc.

 

 Resolution; IHC Hospitals. Inc.

 Consider adopting a resolution authorizing the issuance and sale by Salt Lake city, Utah (the "City") of hospital revenue bonds in one or more series and in an aggregate principal amount not to exceed $65,000,000 and the loan of the proceeds thereof to IHC Hospitals, Inc. ("IHC") for the purpose of advance refunding a portion of the Hospital Revenue Refunding Bonds, Series 1991 (IHC Hospitals, Inc.), Periodic Auction Reset Securities (PARSsm) of the City and a portion of the Hospital Revenue Refunding Bonds, Series 1991 (IHC Hospitals, INc.), Inverse Floating Rate Securities (INFLOSSm) of the City; said Bonds and all obligations of the City in connection with such transaction to be payable solely and exclusively from the revenues arising from the pledge of a note or notes of IHC given as security for said Bonds and in no event to constitute a general credit or taxing powers; authorizing the execution and delivery of a Loan Agreement, an Indenture of Trust and Pledge, a First Supplemental Indenture and a Purchase Contract in connection with such transaction; authorizing the use and distribution of a preliminary Official Statement in connection with such transaction; repealing all ordinances, resolutions or portions thereof in conflict with the provisions hereof; and related matters.

 (Q 93-8)

 

 Staff Recommendation: Close and Adopt.

 

 6:20 p.m.

 2. Protest Hearing for Special Improvement District's #38-900 and #40-R-19

Accept public comment relating to Protests to Special Improvements Districts #38-900 and #40-R-19.

 (Q 93-5, Q 93-6)

 

 Staff Recommendation: Close Hearing.

 

 6:30 p.m.

 3. Ordinance: Stadium Zone

 Accept public comment and consider adopting an ordinance adopting the "5-1" Stadium District as Chapter 65 of Title 21.

 

 Ordinance: Derks Rezoning

 Accept public comment and consider adopting an ordinance rezoning property located at and adjacent to Derk's Field between Main Street and West Temple Street south of 1300 South.

 (0 93-5)

 

 staff Recommendation? Close and Adopt.

 

 6:40 p.m.

 4. Ordinance: petition No. 400-93-10. Vulcan Court

 Accept public comment and consider adopting an ordinance closing a portion of Vulcan Court at 630 West and 100 South.

 (P 93-80)

 

 Staff Recommendation: Close and Adopt.

 

 6:50 p.m.

 5. Ordinance: petition No.'s 400-93-07 and 09. Mountain Fuel

 Accept public comment and consider adopting an ordinance closing a portion of 1100 West from the northern boundary of the alley north of Euclid Avenue.

 (P 93-79)

 

 Staff Recommendation: Close and Adopt.

 

 7:00 p.m.

 6. Ordinance: petition No. 400-93-11. Smiths

 Accept public comment and consider adopting an ordinance rezoning property located at approximately 876 East 800 South and at approximately 838 and 840 East Chase Avenue.

 

 Ordinance: petition No. 400-93-11, Smiths

 Accept public comment and consider adopting an ordinance closing a portion of Chase Avenue between 800 and 900 East.

 (P 93-81)

 

 Staff Recommendation? Close and Adopt.

 

 H. ADJOURNMENT: