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RESOLUTION NO. 12 OF 2017
(Authorizing the Establishment of a Community Land Trust
in the Salt Lake City Division of Housing and Neighborhood Development)
WHEREAS, a Community Land Trust (CLT) within Housing and Neighborhood Development (HAND) is a low-income housing mechanism that is commonly used throughout the country to enable homeownership to individuals or families making 80% area median income (AMI); and
WHEREAS, Utah Code Section 10-8-2(1)(a)(v) allows public entities to provide “authorize municipal services or other nonmonetary assistance to be provided or to waive fees” (the “Municipal Services”) to nonprofit entities after a public hearing; and
WHEREAS, though Utah Code Section 10-8-2 does not require a study for such nonmonetary assistance, in this case the Finance Department voluntarily performed an analysis of the nonmonetary assistance to a nonprofit corporation (the “Analysis”); and
WHEREAS, the City Council has, following the giving of not less than fourteen (14) days public notice, conducted a public hearing relating to the foregoing, in satisfaction of the requirements of Utah Code Section 10-8-2; and
WHEREAS, the Council has reviewed the Analysis, and has fully considered the conclusions set forth therein, and all comments made during the public hearing;
THEREFORE, BE IT RESOLVED by the City Council of Salt Lake City, Utah, as follows:
1. The City Council hereby adopts the conclusions set forth in the Analysis, and hereby finds and determines that, for all the reasons set forth in the Analysis, the Municipal Services are appropriate under these circumstances.
Passed by the City Council of Salt Lake City, Utah, this 12th day of May, 2017.