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RESOLUTION NO. 43 OF 2015
A Resolution of the Salt Lake City Council Approving Submission of an Amended Application to the State Recycling Market Development Zone Program
WHEREAS, the Utah Legislature has created the Utah Recycling Market Development Zone Program (“State Program”), which focuses on recycling as an economic development tool; and
WHEREAS, the State Program provides certain incentives and benefits to qualified businesses that collect, process, distribute or use recycled materials in their manufacturing operations, or compost; and
WHEREAS, the incentives and benefits under the State Program include, for example, a 5% state tax credit on machinery and equipment as well as a 20% state tax credit (up to $2,000) on eligible operating expenses; and
WHEREAS, in order to be accepted into the State Program, cities and counties within Utah must formally apply to the program by submitting an application to the Governor’s Office of Economic Development; and
WHEREAS, an application to the State Program is required to set forth a recycling market development zone program; and
WHEREAS, the City has been approved by the State as set forth in the City’s Recycling Market Development Program (“City’s Program”); and
WHEREAS, the City’s Sustainability Division intends to submit an amended application to the State on behalf of the City’s Program; and
WHEREAS, as proposed, the City’s Program will neither amend, alter, modify nor change allowed permitted land uses in Salt Lake City; and
WHEREAS, the City’s Program currently allows businesses located in the Light Manufacturing (M-1) or Heavy Manufacturing (M-2) Districts that are either west of I-215 or north of 600 North, and that meet the other “Business Qualifications” as defined in the City’s Program application to the State to participate in the City’s Program; and
WHEREAS, the Salt Lake City Council finds that recycling is currently allowed in the M-1 and M-2 zoning districts and limiting the City’s Program to businesses within the M-1 and M-2 zones that are either west of I-215 or north of 600 North will create a buffer between any residential or commercial zones and the highest concentration of manufacturing or recycling businesses near those areas; and
WHEREAS, the Salt Lake City Council finds that the City’s Program and participation in the State Program will enhance the City’s ability to retain and recruit businesses that utilize or produce recycled products; and
WHEREAS, the Salt Lake City Council finds that qualified businesses in the M-1 and M-2 zoning districts in Salt Lake City may benefit from the incentives offered through the State Program; and
WHEREAS, there are existing businesses in the corporate limits of Salt Lake City that will benefit from location in the area of the City’s Program; and
WHEREAS, the Salt Lake City Council finds that qualified businesses in the M-1 and M-2 zoning districts in Salt Lake City may benefit from the incentives offered through the State Program.
THEREFORE, BE IT RESOLVED by the Salt Lake City Council that the Mayor be authorized to submit an amended application to the Governor’s Office of Economic Development to permit new businesses established after the date of Resolution No. 46 of 2008 that meet all “Business Qualifications” as defined in the City’s Program application to the State, to participate in the City’s Program with respect to the establishment of a Recycling Market Development Program in the M-1 and M-2 zones, west of Interstate 215 or north of 600 North, within Salt Lake City.
PASSED by the City Council of Salt Lake City, Utah, this 1st day of December, 2015.