August 27, 1991

 

SALT LAKE CITY COUNCIL

AGENDA

CITY COUNCIL CHAMBERS

ROOM 315

CITY AND COUNTY BUILDING

451 SOUTH STATE STREET

Tuesday, August 27, 1991

5:00 p.m.

 

A.          BRIEFING SESSION:

 

B.          OPENING CEREMONIES:

 

C.          COMMENTS:

 

D.          CONSENT:

 

                1.    Motion:  Chair of Municipal Building Authority

Consider adopting a motion confirming that the Chair of the City Council is also the Chair of the Municipal Building Authority.

                        (Q 91-5)

 

E.          NEW BUSINESS:

 

1.    Legislative Action: Ordinance - Telephonic Meetings

Request an ordinance allowing Council meetings to be held through telephonic conferences in emergencies or other circumstances, given that such meetings be posted and accessible to the public in keeping with the Open Meetings law.

(O 91-36)

 

                Staff recommendation:         Refer to City Attorney’s
                                           office for drafting.

 

E.          UNFINISHED BUSINESS:

 

1.    Resolution: Triad Center

Consider adopting a resolution authorizing and directing the Mayor of Salt Lake city to execute and deliver the First Amendment to indenture of trust, first amendment to loan agreement and consent and certification of issuer, with respect to the Salt Lake City, Utah, industrial development variable/fixed rate demand revenue bonds series 1985 in the aggregate principal amount of $9,600,000, issued April 25, 1985, the proceeds of which were loaned to Devereaux Partners, a Utah general partnership, to assist Devereaux Partners in acquiring floors 3, 4 and 5 of a condominium office and commercial retail building referred to as 3 Triad Center, Salt Lake City, Utah, together with certain parking areas related thereto, and to approve and consent to the transfer of the subject property to SPS Utah, Inc., a Delaware Corporation and wholly owned subsidiary of Canadian Imperial Bank of Commerce, a Canadian chartered bank, in release and satisfaction of certain obligations of Devereaux Partners.

(Q 91-6)

 

Staff recommendation:   Suspend and Adopt.

 

2.    Resolution: Municipal Building Authority - Lease Revenue Bonds (Golf Bonds)

Consider adopting a resolution of the Board of Trustees of the Municipal Building Authority of Salt Lake City, Salt Lake County, Utah, authorizing the issuance and sale of Lease Revenue Bonds (Municipal Improvements Project), Series 1991A, in the aggregate principal amount of approximately $9,235,000, to he dated as of September 1, 1991; authorizing the execution and delivery of a third supplemental indenture of trust, a third amendment to Master Lease Agreement, a municipal golf courses ground lease, a Municipal Improvements Acquisition Agreement, an exchange agreement, a tax certificate and other agreements and documents required in connection therewith; ratifying the distribution of a preliminary official statement relating to such bonds and authorizing the preparation and distribution of a final official statement relating to such bonds; approving the sale of such bonds; authorizing the defeasance of certain outstanding Lease Revenue Bonds (Municipal Golf Courses Project), Series November 1, 1988, and the execution and delivery of an escrow agreement related thereto; and authorizing the taking of all other actions necessary to the consummation of the transactions contemplated by this resolution.

(Q 91-5)

 

Staff recommendation:   Recess as Council, convene as      Municipal Building Authority, adopt, and reconvene as
Council.

 

3.    Resolution: Municipal Council Lease Revenue Bonds (Golf Bonds)

Consider adopting a resolution of the Municipal Council of Salt Lake City, Salt Lake County, Utah, approving the issuance by the Municipal Building Authority of Salt Lake City, Salt Lake County, Utah, of Lease Revenue Bonds (Municipal Improvements Project), Series 1991A, in the aggregate principal amount of approximately $9,235,000, to be dated as of September 1, 1991, and approving the terms of said bonds; authorizing the execution and delivery of a third amendment to Master Lease Agreement, a municipal golf courses ground lease, a municipal improvements acquisition agreement, an exchange agreement, a tax certificate, a bond purchase contract and other agreements and documents required in connection therewith; approving the form, terms and provisions of a third supplemental indenture of trust; authorizing and approving the defeasance of certain outstanding Lease Revenue Bonds (Municipal Golf Courses Project), Series November 1, 1988, and the execution and delivery of an escrow agreement related thereto; and authorizing the taking of all other actions necessary to the consummation of the transactions contemplated by this resolution.

(Q 91-5)

 

        Staff recommendation:               Adopt.

 

4.    Resolution: Water and Sewer Revenue Bonds

Consider adopting a resolution authorizing the issuance and sale of $4,900,000 Water and Sewer Revenue Bonds, Series 1991, of Salt Lake City, Salt lake County, Utah; and related matters.

(Q 91-4)

 

                Staff recommendation:               Adopt.

 

5.    Resolution: General Obligation Bond - City/County Building

        Consider adopting a resolution authorizing the issuance and sale by Salt Lake City, Salt Lake County, Utah (the "City") of not more than $36,000,000 General Obligation Public Building Refunding Bonds, Series 1991; fixing the maximum aggregate principal amounts of the bonds, the maximum number of years over which the bonds may mature, the maximum interest rates, if any, which the bonds may bear and the maximum discounts from par at which the bonds may be sold; providing for the publication of a notice of bonds to be issued; providing for the running of a contest period; and related

(Q 91-7)

 

                Staff recommendation:               Adopt.

 

6.    Ordinance: Airport Ground Transportation Fees

Set date of November 5, 1991 at 6:20 p.m. to accept public comment and consider adopting an ordinance adding Section 16.60.110 to the Salt Lake City Code, 1988, as amended relating to airport ground transportation vehicle fees.

(O 91-32)

 

                Staff recommendation:               Set Date.

 

G.          PUBLIC HEARINGS:

 

H.          ADJOURNMENT: