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RESOLUTION NO. 768.02 / R-13-2016 April 12, 2016
RESOLUTION OF THE BOARD OF DIRECTORS OF THE REDEVELOPMENT AGENCY OF SALT LAKE CITY APPROVING THE BASIC CONCEPT DRAWINGS FOR THE DEVELOPMENT OF PARCEL 1 OF THE STATION CENTER PROJECT ("PARCEL l")
WHEREAS, the Redevelopment Agency of Salt Lake City ("RDA") was created to transact the business and exercise the powers provided for in Utah Code Ann. §17C-l-101, et. seq. ("Limited Purpose Local Government Entities - Community Development and Renewal Agencies"); and
WHEREAS, the Agency adopted a redevelopment plan effective October 15, 1998 entitled "Depot District Redevelopment Project Area Plan;" and
WHEREAS, on September 16, 2014, the RDA Board adopted the Hub Development Implementation Strategy ("Station Center Implementation Strategy"); and
WHEREAS, the RDA owns certain real property ("Property") between 200 and 400 South, and 500 and 600 West ("Parcels 1-5") and desires to redevelop it in accordance with the Station Center Implementation Strategy; and
WHEREAS, the RDA determined through a Request for Qualifications process that Boyer Cowboy Station, LC ("Developer") submitted a response to the RFQ that met the requirements to develop the Parcel 1 property; and
WHEREAS, on October 14, 2015, the RDA entered into an Exclusive Negotiation Agreement with the Developer to sell the Parcel 1 property; and
WHEREAS, as one of the milestone requirements of the Exclusive Negotiation Agreement, the Developer must present Basic Concept Drawings to the RDA Board for approval; and
WHEREAS, the RDA Board has reviewed and approved the Basic Concept Drawings for Parcel I prepared by Architectural Nexus on January 28, 2015 ("Developer's Parcel 1 Basic Concept Drawings").
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE REDEVELOPMENT AGENCY OF SALT LAKE CITY, that we do hereby approve the Developer’s Parcel 1 Basic Concept Drawings of the Station Center Project.
Passed by the Board of Directors of the Redevelopment Agency of Salt Lake city, this 12th day of April, 2016.