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REDEVELOPMENT AGENCY OF SALT LAKE CITY
RESOLUTION NO. R-21-2018
2018-19 Annual Budget for the Redevelopment Agency of Salt Lake City
RESOLUTION OF THE BOARD OF DIRECTORS OF THE REDEVELOPMENT AGENCY OF SALT LAKE CITY ADOPTING THE ANNUAL BUDGET FOR THE FISCAL YEAR COMMENCING JULY 1, 2018 AND ENDING JUNE 30, 2019
WHEREAS, the Redevelopment Agency of Salt Lake City (“Agency”) was created to transact the business and exercise the powers provided for in the Utah Community Reinvestment Agency Act.
WHEREAS, the Redevelopment Agency of Salt Lake City has determined it is both necessary and desirable to adopt the 2018/2019 Annual Budget.
WHEREAS, the Board of Directors has determined that the public improvements to be constructed with tax increment in each of the project areas will be of benefit to the project area which generated the tax increment.
WHEREAS, the Agency has caused a Notice of Public Hearing to be published in a newspaper of general circulation on or before April 30, 2018, a period of at least one week in advance of the public hearing date.
WHEREAS, on May 1, 2018, the Board of Directors adopted the tentative budget by Resolution R-14-2018.
WHEREAS, the Agency held two public hearings to consider adopting the Agency’s Annual Budget for the 2018/2019 fiscal year on May 15, 2018 and June 5, 2018.
WHEREAS, the Agency caused a copy of the proposed 2018/2019 Annual Budget to be available for public inspection during regular business hours in the office of the Agency, in the City & County Building, 451 South State Street, Room 418, Salt Lake City, Utah 84111, for a period of at least three (3) days before the commencement of the public hearing.
WHEREAS, the Agency’s Board of Directors have considered all written and oral statements made at the public hearing objecting to or supporting the Agency's 2018/2019 Annual Budget.
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE REDEVELOPMENT AGENCY OF SALT LAKE CITY, that the 2018/2019 Annual Budget attached hereto is hereby adopted for the fiscal year commencing on July 1, 2018 and ending June 30, 2019.
Passed by the Board of Directors of the Redevelopment Agency of Salt Lake City, this 12th day of June, 2018, to be effective upon adoption.