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RESOLUTION NO. 766.01 / R-3-2016: February 9, 2016
RESOLUTION OF THE BOARD OF DIRECTORS OF THE REDEVELOPMENT AGENCY OF SALT LAKE CITY ADOPTING THE SECOND AMENDMENT TO THE ANNUAL IMPLEMENTATION BUDGET FOR THE FISCAL YEAR COMMENCING JULY 1, 2015 AND ENDING JUNE 30, 2016
WHEREAS, the Redevelopment Agency of Salt Lake City was created to transact the business and exercise the powers provided for in the Utah Community Development and Renewal Agencies Act; and,
WHEREAS, on June 9, 2015, after conducting a public hearing, the Agency Board of Directors passed Resolution No. 759.06 adopting the 2015/2016 Annual Implementation Budget; and,
WHEREAS, the Redevelopment Agency of Salt Lake City has determined, it is both necessary and desirable to amend the 2015/2016 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 Redevelopment Agency of Salt Lake City has caused a Notice of Public Hearing to be published in the Salt Lake Tribune, a newspaper of general circulation on or before February 2, 2016, a period of at least one week in advance of the public hearing date; and,
WHEREAS, the Redevelopment Agency of Salt Lake City has held a public hearing to consider amending the Agency's Annual Implementation Budget for the 2015/2016 fiscal year on the 9th day of February 2016; and,
WHEREAS, the Redevelopment Agency of Salt Lake City has caused a copy of the proposed amended 2015/2016 Annual Implementation Budget to be available for public inspection during regular business hours in the office of the Redevelopment Agency of Salt Lake City, 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; and,
WHEREAS, the Redevelopment Agency of Salt Lake City'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 2015/2016 Annual Implementation Budget.
NOW, THEREFORE, BE IT RESOLVED, by the Redevelopment Agency of Salt Lake City that
the Amended 2015/2016 Annual Implementation Budget attached hereto is hereby adopted for the fiscal year commencing on July 1, 2015 and ending June 30, 2016;
Passed by the Board of Directors of the Redevelopment Agency of Salt Lake City, Utah this 9th day of February, 2016.