PROCEEDINGS OF THE CITY COUNCIL OF SALT LAKE CITY, UTAH
THURSDAY, DECEMBER 13, 1984
THE CITY COUNCIL OF SALT LAKE CITY, UTAH, MET IN REGULAR SESSION ON THURSDAY, DECEMBER 13, 1984, AT 4:30 P.M. IN ROOM 211 CITY AND COUNTY BUILDING.
ON ROLL CALL THE FOLLOWING COUNCIL MEMBERS WERE PRESENT: RONALD J. WHITEHEAD ALICE SHEARER GRANT MABEY IONE M. DAVIS EARL F. HARDWICK EDWARD W. PARKER.
Councilmember Fonnesbeck and Mayor Ted Wilson were absent from the meeting. Albert Haines, chief administrative officer, was present at the meeting.
Council Chairperson Ronald Whitehead presided at and conducted the meeting.
DEPARTMENTAL BUSINESS
ATTORNEY’S OFFICE
#1. RE: An ordinance amending Section 20-1-8 of the Revised Ordinances of Salt Lake City, Utah, 1965, as amended, relating to applications for licenses.
Ms. Leigh von der Esch, council executive director, said that the Council had been briefed on this change by Cheryl Cook, city treasurer. Ms. von der Esch explained that essentially this amendment places additional information requirements on applications for licenses and provides for penalties for false or misleading information on the application. She said that she feels the application form is better than what has been used.
Councilmember Mabey moved and Councilmember Parker seconded to suspend the rules and adopt on first reading Ordinance 71 of 1984, amending Section 20-1-8 of the Revised Ordinances of Salt Lake City, Utah, 1965, as amended, relating to applications for licenses, which motion carried, all members present voting aye except Councilmember Shearer who was absent at the time of the vote.
(O 84-35)
DEVELOPMENT SERVICES
#1. RE: New target areas for 11th through 13th Year (1985-1988) Community Block Grant planning.
Ms. Stephanie Loker, capital planning and programming, explained that they have received over 100 project applications totaling about $10,000,000 and the applications are in the process of being reviewed. She indicated that those projects in a target area are given extra consideration.
Councilmember Hardwick moved and Councilmember Mabey seconded to suspend the rules and approve on first reading new target areas for 11th through 13th Year (1985-1988) Community Block Grant planning, which motion carried, all members present voting aye.
(T 84-33)
FINANCE AND ADMINISTRATIVE SERVICES
#1. RE: Industrial Development Revenue Bonds for JTM Foothill Village Project.
Ms. Leigh von der Esch, council executive director, said that the inducement resolution has been adopted for this issue and the public hearing has been held. For the Council’s information she said that many IRB requests are being submitted and she suggested that the City Attorney review each request carefully since so many are being received.
Councilmember Parker moved and Councilmember Davis seconded to adopt Resolution 131 of 1984 providing for the financing by Salt Lake City, Utah, of a project consisting of a shopping center facility and related property and improvements in order that JTM Foothill Ltd., may be provided with facilities to promote the general welfare and encourage the increase of industry and commerce; authorizing and providing for the issuance by Salt Lake City, Utah, of not to exceed $7,420,000 of its floating rate demand Industrial Development Revenue Bonds (JTM Foothill Village Project), Series 1984, which will be payable solely from the revenues arising from the pledge of a financing agreement with JTM Foothill, Ltd. and other security set forth in the financing agreement; authorizing the execution and delivery of a financing agreement between Salt Lake City, Utah, and JTM Foothill, Ltd.; providing for the acquisition, financing and rehabilitation of said project; authorizing the execution and delivery of an indenture of trust and a bond purchase agreement; confirming the sale of said bonds to the purchaser thereof; and related matters, which motion carried, all members present voting aye except Councilmember Shearer who was absent at the time of the vote.
(Q 84-18)
#2. RE: Industrial Development Revenue Bonds for Cate Equipment.
Councilmember Parker moved and Councilmember Davis seconded to adopt Resolution 132 of 1984 providing for the financing and acquisition of an office/warehouse facility for Cate Equipment and Cherie Pardoe Project, authorizing and providing for the issuance by Salt Lake City, Utah, of its Industrial Development Revenue Bonds, Series 1984 A and 1984 B in the amount of $2,426,000, which motion carried, all members present voting aye except Councilmember Shearer who was absent at the time of the vote.
(Q 84-20)
#3. RE: Industrial Development Bonds to finance small hydroelectric projects at sites owned or controlled by Salt Lake City, to be operated by Energy National, Inc.
Ms. von der Esch said that the Council had previously been briefed on this issue by Mr. Haines. Mr. Haines indicated that Energy National will be assuming the risk of this project. Ms. von der Esch said there had been questions about the sites which will be used for this project and whether there will be an adverse environmental impact. Mr. Wendell Evensen, public utilities, indicated that they had informed various agencies involved and the only comments received were regarding in-stream flows in the canyons. He said that one site is in Big Cottonwood Canyon, four sites are on various canals, three sites are on various conduits and there is a possibility that one site will be in Little Cottonwood Canyon.
Councilmember Parker moved and Councilmember Hardwick seconded to suspend the rules and adopt on first reading Resolution 130 of 1984 inducing and declaring the intention of Salt Lake City, Utah, to issue Industrial Development Bonds in the amount of $13,000,000 to finance small hydroelectric projects at sites owned or controlled by Salt Lake City, to be operated by Energy National Inc., and/or joint ventures or assigns to be named, which motion carried, all members present voting aye.
(Q 84-21)
The meeting adjourned at 4:45 p.m.