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RESOLUTION NO. 772.01 / R-28-2016 July 12, 2016
First Amendment to the 2016 2017 Annual Implementation Budget.
RESOLUTION OF THE BOARD OF DIRECTORS OF THE REDEVELOPMENT AGENCY OF SALT LAKE CITY ADOPTING THE FIRST AMENDMENT TO THE ANNUAL IMPLEMENTATION BUDGET FOR THE FISCAL YEAR COMMENCING JULY 1, 2016 AND ENDING JUNE 30, 2017
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: and
WHEREAS, on June 14, 2016 after conducting a public hearing, the Agency Board of Directors passed Resolution No. 771.03 adopting the 2016/2017 Annual Implementation Budget; and
WHEREAS, the Agency has determined, it is both necessary and desirable to amend the 2016/2017 Annual Implementation Budget; and
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; and
WHEREAS, the Agency has caused a Notice of Public Hearing to be published in the Salt Lake Tribune, a newspaper of general circulation on or before June 28, 2016, a period of at least one week in advance of the public hearing date; and
WHEREAS, the Agency has held a public hearing to consider amending the Agency's Annual Implementation Budget for the 2016/2017 fiscal year on the 12th day of July 2016; and
WHEREAS, the Agency has caused a copy of the proposed amended 2016/2017 Annual Implementation 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 hearings; and
WHEREAS, the Agency's Board of Directors have considered all written and oral statements made at the public hearing objecting to or supporting the amendment of the Agency's 2016/2017 Annual Implementation Budget.
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE REDEVELOPMENT AGENCY OF SALT LAKE CITY, that the Amended 2016/2017 Annual Implementation Budget attached hereto is hereby adopted for the fiscal year commencing on July 1, 2016 and ending June 30, 2017.
Passed by the Board of Directors of the Redevelopment Agency of Salt Lake City, this 12th day of July, 2016.