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RESOLUTION NO. 772.02 / R-29-2016 Northwest Quadrant CRA July 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 NORTHWEST QUADRANT 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 the northern Salt Lake City municipal boundary and from 5600 West to the western Salt Lake City municipal boundary, consisting of approximately 8.600 acres; and
WHEREAS, the Proposed Project Area would support the RDA's goals in the Northwest Quadrant to: promote reinvestment and redevelopment; strengthen connections both within and between the Westside and other parts or Salt Lake City; promote economic development; facilitate environmental remediation; and maintain the stability of industrial districts and the employment base; and
WHEREAS, pursuant to Utah Code 17C-5-103(l), the Board desires to initiate the process of adopting a community reinvestment project plan for the Proposed Project Area and seeks to authorize RDA staff to begin preparation or a CRA project area plan for the Proposed Project Area.
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(1)(d) of the Limited Purpose Local Government Entities - Community Reinvestment Agency Act (the "Act"), the Board hereby authorizes the preparation of a draft CRA project area plan for the Proposed Project Area.
BE IT FURTHER RESOLVED, that pursuant to Section 17C-5-103(1)(c) of the Act, 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 Executive Director of the RDA to take all such further action as is necessary or appropriate in accordance with Section 17C-5-103, et seq. 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 July, 2016.