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REDEVELOPMENT AGENCY OF SALT LAKE CITY
RESOLUTION NO. R-4-2017
2017-18 Annual Implementation 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 IMPLEMENTATION BUDGET FOR THE FISCAL YEAR COMMENCING JULY 1, 2017 AND ENDING JUNE 30, 2018
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, the Redevelopment Agency of Salt Lake City has determined it is both necessary and desirable to adopt the 2017/2018 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 Deseret News, a newspaper of general circulation on or before May 16, 2017, May 23, 2017 and June 6, 2017, a period of at least one week in advance of the public hearing dates; and
WHEREAS, the Agency has held public hearings to consider adopting the Agency’s Annual Implementation Budget for Fiscal Year 2017/2018 on May 16, 2017, May 23, 2017, and June 6, 2017; and
WHEREAS, the Agency has caused a copy of the proposed 2017/2018 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 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 Agency's 2017/2018 Annual Implementation Budget.
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE REDEVELOPMENT AGENCY OF SALT LAKE CITY, that the 2017/2018 Annual Implementation Budget attached hereto is hereby adopted for the fiscal year commencing on July 1, 2017 and ending June 30, 2018.
Passed by the Board of Directors of the Redevelopment Agency of Salt Lake City, this 13th day of June, 2017.