Resolution 9 of 2015

RESOLUTION NO. 9 OF 2015

A resolution extending the time period for satisfying the conditions set forth in Ordinance No. 18 of 2012. (Property located at 545 and 555 West 500 North Street)

WHEREAS, the city council enacted Ordinance No. 18 of 2012 on April 3, 2012; and

WHEREAS, that ordinance imposed certain conditions and required that those conditions be met within one year from the date that the ordinance was approved; and

WHEREAS, the ordinance also provided that the city council may extend the time period for satisfying the conditions set forth in the ordinance; and

WHEREAS, On April 2, 2013, the city council adopted Resolution 13 of 2013, which extended the deadline for the Applicant to satisfy the aforementioned conditions to April 3, 2015; and

WHEREAS, the Applicant has continued to experience difficulties in securing financing to complete the project and has requested an additional twelve (12) month extension of the deadline to satisfy the conditions of Ordinance No. 18 of 2012; and

WHEREAS, the City Council finds that there is good cause to extend the deadline in the ordinance;

NOW, THEREFORE, be it resolved by the City Council of Salt Lake City, Utah:

SECTION 1. The deadline set forth in Section 4 of Ordinance No. 18 of 2012 as modified by Resolution 13 of 2013 shall be and hereby is extended to April 3, 2016 for the applicant to satisfy the conditions set forth in Section 2 of Ordinance 18 of 2012.

DATED this 24^th day of March, 2015.

Passed by the City Council of Salt Lake City, Utah, this 24^th day of March, 2015.