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RESOLUTION NO. 768.04 / R-15-2016 April 12, 2016
RESOLUTION OF THE BOARD OF DIRECTORS OF THE REDEVELOPMENT AGENCY OF SALT LAKE CITY AUTHORIZING THE PREPARATION OF A DRAFT COMMUNITY REINVESTMENT PROJECT AREA PLAN FOR THE PROPOSED 9 LINE PROJECT AREA
WHEREAS, the Redevelopment Agency of Salt Lake City (the "RDA") proposes to create a Community Reinvestment Project Area ("CRA") within an area described on Exhibit A attached hereto (the "Proposed Project Area"), that is generally from I-80 to 1400 South and from I-215 to 650 West, consisting of approximately 728 acres to support the RDA Mission and General Goals described on Exhibit B and attached hereto; and
WHEREAS, the Proposed Project Area would support the Westside Master Plan’s goals to: promote reinvestment and redevelopment; provide attractive, compatible high density residential development; foster opportunities for unique, mixed use neighborhood and community nodes; develop and foster regional nodes; strengthen connections both within and between the Westside and other parts of Salt Lake City; maintain the stability of industrial districts and the employment base; create and strengthen public spaces; and
WHEREAS, in December 2014, the Board of Directors of the Redevelopment Agency of Salt Lake City (the "Board'') approved the Project Area Creation Policy to determine selection of potential RDA project areas; and
WHEREAS, in March 2015, the Board selected 16 potential project areas to analyze based on approved evaluation criteria; and
WHEREAS, in April 2015, the Board selected 7 of the 16 potential project areas for additional analysis based on approved evaluation criteria; and
WHEREAS, in September 2015, the Board selected 3 of the 7 remaining potential project areas and directed RDA staff to forward the 3 potential project areas to the RDA's Taxing Entity Partners for comments and review; and
WHEREAS, in November 2015, the Board selected the Proposed Project Area based on feedback and comments from RDA Taxing Entity Partners; and
WHEREAS, in December 2015, the Board approved Resolution 764.05, authorizing the preparation of a draft Community Development Project Area Plan for the Proposed 9 Line Project Area; and
WHEREAS, pursuant to S8151, enacted during the 2016 Utah legislative session, changes to Utah Code 17C, which will be effective May 10, 2016, related to project area creation eliminated Community Development Project Areas, and replaced them with Community Reinvestment Project Areas; and
WHEREAS, the Board intends to create a CRA for the same geographic location as the previously approved 9 Line Project Area and seeks to authorize RDA staff to begin preparation of a CRA Project Area Plan upon the effective date of SB151.
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE REDEVELOPMENT AGENCY OF SALT LAKE CITY, that, in accordance with Section 17C-5-103 of the Limited Purpose Local Government Entities - Community Reinvestment Agency Act (the " Act"), the Board hereby authorizes the preparation of a draft community reinvestment project area plan for the Proposed Project Area.
BE IT FURTHER RESOLVED, that pursuant to Utah Code 17C-5-103(c), the Board determines that the Proposed Project Area requires a study to determine whether project area development is feasible.
BE IT FURTHER RESOLVED, that the Board hereby authorizes and directs the Chief Administrative Officer and the Interim Executive Director of the Agency to take all such further action as is necessary or appropriate in accordance with Section 17C-5 of the Act in connection with the evaluation and analysis of the possible costs and benefits of the adoption of such a project area plan and to conduct any examination, investigation, or negotiation regarding the proposed community reinvestment project area that the Agency considers appropriate.
Passed by the Board of Directors of the Redevelopment Agency of Salt Lake City, this 12th day of April, 2016.