Title 6 building and construction chapter 1 Building 6-1-1 Adoption of Uniform Building Codes 6-1 Adoption of Uniform Building Codes

6 8 4. Riverdale Road Neighborhood Development Plan.

(a) It has become necessary and desirable to adopt a redevelopment plan entitled, "Riverdale Road Neighborhood Development Plan," dated August 28, 1989, as revised.

(b) The legal description of the boundaries of the project area covered by the redevelopment plan entitled, "Riverdale Road Neighborhood Development Plan," dated August 28, 1989, as revised, is as follows, to wit:

Beginning on the West line of the 1150 West Street right of way at the Southeast corner of Applepark Subdivision, said point lying West 403.4 feet and North 2°32" East 275.9 feet, more or less, from the Southeast corner of said Section 12; and running thence Northerly, along said 1150 West Street, 534.2 feet, more or less, to the projected South line of Barton Subdivision No. 1; thence Easterly, along the Southerly line of said Subdivision, 380.8 feet, more or less, to the East line of said Section 12; thence continuing Easterly and Northeasterly, along the Southerly line of said Subdivision, 1559.4 feet, more or less, to the Southeast corner of Barton Subdivision No. 3; thence South 0°44'15" West 647.8 feet, more or less; thence North 89°32' West 22.74 feet; thence North 0°29' East 4.85 feet; thence North 64°30' West 273.87 feet; thence South 2°25' East 390 feet, more or less, to the North line of the Riverdale Road right of way; thence North 64°15' East, along said Riverdale Road, 692.0 feet, more or less, to the West line of the 900 West Street right of way; thence Northerly along said 900 West Street, 1063.6 feet, more or less, to the Southeast corner of County Parcel No. 06 016 0065; thence North 87°26'48" West, along the South line of said Parcel, 393.47 feet; thence Northerly, along the West line of said Parcel, 271.42 feet; thence South 86°52'33" East, along the North line of said Parcel, 400.0 feet, more or less, to the West line of said 900 West Street; thence North 2°33'12" East, along said 900 West Street, 266.0 feet, more or less, to the projected North line of the 4400 South Street right of way; thence South 87°00' East, along said 4400 South Street 1512.0 feet, more or less, to the projected East line of the 700 West Street right of way; thence South 0°20' West, along said 700 West Street, 675.0 feet; thence South 41°01' East 80.2 feet, to the North line of the Riverdale Road right of way; thence Northeasterly along said Riverdale Road, 2922 feet, more or less, to the East line of said Section 7; thence continuing North 38°21' East along said Riverdale Road, 2591 feet, more or less, to the North line of said Section 8; thence continuing North 38°21' East along said Riverdale Road, 600 feet, more or less, to the Riverdale City limits; thence along the Riverdale City limits for the next three courses: Southeasterly 50 feet, more or less, to the centerline of said Riverdale Road; thence North 38°21' East along said centerline, 285 feet, more or less; thence Southerly 471.6 feet, more or less, to the North line of County Parcel No. 05 141 0022; thence South 57°45' East along said North line, 365.8 feet, more or less, to the South line of said Section 5 and the Riverdale City limits; thence along the Riverdale City limits for the next three courses: thence Easterly, along said Section line, 135.2 feet, more or less, to the South quarter corner of said Section 5 and the North Quarter corner of said Section 8; thence South 0°38' West 144 feet; thence South 34°15' West 1357.4 feet, more or less, to the East line of the Washington Terrace Road right of way; thence Westerly across said right of way 100 feet; thence Northwesterly along said Road, 522.9 feet, more or less, to the South corner of County Parcel No. 06 031 0013; thence Southwesterly 860.7 feet, more or less, to the East line of a street right of way; thence Southerly 233 feet, more or less, to the Southwest corner of Parcel No. 06 030 0012; thence South 49°29' West 78.6 feet; thence South 69°04' West 68.5 feet; thence North 79°59' West 98.7 feet; thence South 38°21' West 225.4 feet; thence South 38° East 152.58 feet to the Southeast corner of County Parcel No. 06 030 0003; thence South 67°50' West 364.8 feet, more or less, to the Southwest corner of County Parcel No. 06 030 0002; thence North 32° West along the West line of said Parcel, 254.3 feet, more or less, to the South line of the Riverdale Road right of way; thence South 38°21' West along said Riverdale Road, 152.41 feet, more or less, to the West line of said Section 8; thence continuing along the South line of said Riverdale Road for the next two courses: Southerly, along the West line of said Section 8, 163.2 feet; thence Southwesterly 2112 feet, more or less, to the Northeast corner of the Riverdale Road Commerce Subdivision; thence along the boundaries of said Subdivision for the next ten courses: South 5°07'12" East 181.29 feet; thence South 20°44'04" West 178.19 feet; thence South 50°20'33" West 251.4 feet; thence South 28°12'16" West 103.61 feet; thence South 7°10'18" West 83.69 feet, more or less, to the North line of the 4600 South Street right of way; thence South 89°27' West 71.82 feet; thence North 0°56'15" East 92.66 feet; thence South 89°35'05" West 205.0 feet; thence North 0°56'15" East 35.79 feet; thence North 1°38'50" East 325.66 feet, more or less, to the South line of the Riverdale Road right of way, thence South 65°15' West along said Riverdale Road, 4098.5 feet, more or less, to the East line of the Interstate Highway I 84; thence Northwesterly along said I 84 850.1 feet, more or less, to the Southwest corner of Applepark Subdivision; thence East along said line of the Subdivision 614.02 feet, to the point of beginning.
EXCLUDING THE FOLLOWING PARCELS:

(1) All of County Parcel Sidwell Nos.:

08 093 0005 (Merrill Paint and Glass)

06 016 0054 (Francis H. Pullum, Trustee)

06 016 0068 (Francis H. Pullum, Trustee)

06 016 0092 (F.B.B. Enterprises)

06 016 0069 (Sutton Western Wholesale Flooring)

06 016 0077 (Sutton Western Wholesale Flooring)

06 016 0097 (Banj Investment)

06 016 0084 (SNI 808, Ltd.)

(2) Portions of County Parcel Sidwell Nos.:

06 016 0024 (Dale P. and Patricia L. Nay)

06 016 0023 (Dale P. and Patricia L. Nay)

06 016 0022 (Dale P. and Patricia L. Nay)

More particularly described as follows:

Beginning at the point of intersection of the South line of the 4400 South Street right of way and the East line of said Parcel No. 06 016 0022; and running thence North 87° West along said street, 148.5 feet to the West line of Parcel No. 06 016 0024; thence South 0°30' West 280.45; thence South 86°52'33" East 148.51 feet; thence North 0°30' East 280.77 feet to the point of beginning.

(3) All of County Parcel Sidwell Nos.:

06 018 0002 (Clifford J. Smith)

06 018 0004 (Willis J. & Virginia H. Mitchell)

06 018 0005 (Willis J. & Virginia H. Mitchell)

06 018 0006 (Willis J. & Virginia H. Mitchell)

06 018 0007 (William K. and Paula G. Taylor)

06 016 0019 (Mary E. D'Agnillo, et al, Trustee)

and a portion of Sidwell No. 06 018 0001 (John L. and Christine W. Wright)

More particularly described as follows:

Beginning at the Northwest corner of said Parcel No. 06 018 0001; and running thence South 87° East along the South line of 4400 South Street, 352.10 feet, to the Northeast corner of said Parcel No. 06 018 0007; thence South 0°30' West 223 feet; thence North 87° West 352.10 feet; thence North 0°30' East 223 feet to the point of beginning.

(4) A portion of County Sidwell Parcel No. 06 030 0019 that lies South of the Riverdale Road right of way. (James L. Baker)

(5) All of County Sidwell Parcel Nos.:

06 031 0013 (Kar Kwik, Inc.)

06 031 0012 (Earl F. and Ada Jean Hill)

06 031 0030 (Farmers Insurance Exchange, et al)

(6) A portion of County Sidwell Parcel No. 06 029 0006 (Corporation of the Presiding Bishop of the Church of Jesus Christ of Latter Day Saints

More particularly described as follows:

Beginning at the West corner of said Parcel No. 06 029 0006; and running thence North 38°21' East 391.63 feet; thence South 52°15' East 375.53 feet; thence South 40° West 3391.70 feet to the South corner of said Parcel; thence North 52°17' West 364.3 feet to the point of beginning.

(7) All of County Sidwell Parcel No.

05 141 0028 (Alan Canter)

(8) All of County Sidwell Parcel No. 06 029 0007 (Premoco Corporation) more fully described as follows:

Part of the Northwest Quarter of Section 8, Township 5 North, Range 1 West, Salt Lake Meridian, U.S. Survey: Beginning at the intersection of the Southeasterly line of Riverdale Road and the Northeasterly line of the Government Access Road, 8.81 chains South and 9.44 chains West and South 40° West 550 feet, more or less, and North 52°17' West 560 feet, more or less, from the Northeast corner of said Quarter Section; running thence North 38°21' East 151.63 feet, more or less, to the Southerly line of land conveyed to J. Edmond Woods McGregor and Margaret S. McGregor, husband and wife, by Deed recorded in Book 142 of Deeds, Page 1, Records of Weber County, Utah; thence South 52°15' East 200 feet; thence South 38°21' West 151.74 feet, more or less, to the Government access road; thence North 52°17' West along the said road to the point of beginning.

(9) All of County Sidwell Parcel No. 06 029 0004 (Miles W. and Leona F. Allred) more particularly described as follows:

Part of the Northwest corner of Section 8, Township 5 North, Range 1 West, Salt Lake Base and Meridian, U.S. Survey: Beginning at a point on the northerly line of Washington Terrace Road North 89°55' West 135.6 feet and South 39°57' West 1315.11 feet from the Northeast corner of the Northwest Quarter of Section 8, and running thence North 39°55' East 123.64 feet; thence South 48°41' East 80.86 feet; thence South 37°42' West 118.47 feet to the Northerly line of Washington Terrace Road; thence North 52°17' West along the said North line of the Road 85.48 feet to the point of beginning.

(c) The purpose and intent of the City Council of the City of Riverdale with respect to the project area, is to accomplish the following purposes by adoption of the redevelopment plan entitled, "Riverdale Road Neighborhood Development Plan," dated August 28, 1989:

(1) Removal of structurally substandard buildings to permit the return of the project area land to economic use and new construction.

(2) Removal of impediments to land disposition and development through assembly of land into reasonably sized and shaped parcels serviced by improved public utilities and new community facilities.

(3) Rehabilitation of building to assure sound long term economic activity in the core area of the City of Riverdale.

(4) Elimination of environmental deficiencies, including among others, small and irregular lot subdivision, overcrowding of the land and inadequate off street parking.

(5) Achievement of an environment reflecting a high level of concern for architectural and urban design principles, developed through encouragement, guidance, appropriate controls and professional assistance to owner participants and redevelopers.

(6) Implementation of the tax increment financing provisions of the Utah Neighborhood Development Act, Utah Code Annotated, Section 11 19 29, et seq., which is incorporated herein by reference and made a part of this Ordinance.

(7) Strengthening of the tax base, and economic health of the entire community and of the State of Utah.

(8) Improving public streets, curbs and sidewalks, other public rights of way, street lights, landscaped areas, public parking, and other public improvements.

(d) The redevelopment plan entitled, "Riverdale Road Neighborhood Development Plan," dated August 28, 1989, together with supporting documents is incorporated herein by reference, is attached hereto, and made a part of this Ordinance. Copies of said Plan shall be filed and maintained in the office of the City Recorder for public inspection.

(e) The "Riverdale Road Neighborhood Development Plan," dated August 28, 1989, is hereby designated as the official redevelopment plan of the project area.

(f) The City Council of the City of Riverdale hereby determines and finds as follows:

(1) The project area, as above described, is a "blighted area" as defined in Section 11 19 2, Utah Code Annotated 1953, as amended, and that the redevelopment of said area is necessary to effectuate the public purposes set forth in the Utah Neighborhood Development Act.

(2) The redevelopment plan would redevelop the area in conformity with the Utah Neighborhood Development Act and is in the interests of the public peace, health, safety and welfare of the area and the community.

(3) The adoption and carrying out of the redevelopment plan is feasible and economically sound.

(4) The redevelopment plan conforms to the master plan or general plan of the City of Riverdale.

(5) The carrying out of the redevelopment plan will promote the public peace, health, safety and welfare of the community and will effectuate the purposes and policy of the Utah Neighborhood Development Act.

(6) The condemnation of the real property, as provided for in the redevelopment plan, is necessary to the execution of the redevelopment plan and adequate provisions have been made for the payment for property to be acquired as provided by law.

(7) The Redevelopment Agency of Riverdale City has a feasible method or plan for the relocation of families and persons displaced from the project area, if the redevelopment plan may result in the temporary or permanent displacement of any occupants of housing facilities in the project area.

(8) There are or are being provided in the project area or in other areas not generally less desirable in regard to public utilities and public and commercial facilities and at rents or prices within the financial means of the families and persons displaced from the project area, decent, safe, and sanitary dwellings equal in number to the number of and available to such displaced families and persons and reasonably accessible to their places of employment.

(g) The City Council of the City of Riverdale is satisfied that permanent housing facilities will be available within three years from the time occupants of the project area are displaced and that pending the development of such facilities, there will be available to such displaced occupants adequate temporary housing facilities at rents comparable to those in the community at the time of their displacement.

(h) This Ordinance adopting the redevelopment plan adopted, "Riverdale Road Neighborhood Development Plan," dated August 28, 1989, specifically incorporates the provisions of tax increment financing permitted by Section 11 19 29, Utah Code Annotated 1953, as amended, which provides in part the following:

(1) Any redevelopment plan may contain a provision that taxes, if any, levied upon taxable property in a redevelopment project each year by or for the benefit of the State of Utah, any city, county, city and county, district or other public corporation (hereinafter sometimes called "taxing agencies") after the effective date of the ordinance approving the redevelopment plan, shall be divided as follows:

(A) That portion of the taxes which would be produced by the rate upon which the tax is levied each year by or for each of the taxing agencies upon the total sum of the assessed value of the taxable property in the redevelopment project as shown upon the assessment roll used in connection with the taxation of such property by such taxing agency, last equalized prior to the effective date of such ordinance, shall be allocated to and when collected shall be paid into the funds of the respective taxing agencies as taxes by or for said taxing agencies on all other property are paid (for the purpose of allocating taxes levied by or for any taxing agency or agencies did not include the territory in a redevelopment project on the effective date of such ordinance but to which such territory has been annexed or otherwise included after such effective date, the assessment roll of the county last equalized on the effective date of the ordinance shall be used in determining the assessed valuation of the taxable property in the project on the effective date); and

(B) In a redevelopment project with a redevelopment plan adopted after April 1, 1983, that portion of the levied taxes each year in excess of the amount allocated to and when collected paid into funds of the respective taxing agencies under subsection (1)(a) shall be allocated to and when collected shall be paid into a special fund of the redevelopment agency according to the limits set forth in subsection (f) to pay the principal of and interest on loans, monies advanced to, or indebtedness (whether funded, refunded, assumed, or otherwise) incurred by such redevelopment agency after April 1, 1983, to finance or refinance, in whole or in part, such redevelopment project. Payment of tax revenues to the redevelopment agency shall be subject to and shall except uncollected or delinquent taxes in the same manner as payments of taxes to other taxing agencies are subject to collection. Unless and until the total assessed valuation of the taxable property in a redevelopment project exceeds the total assessed value of the taxable property in such project as shown by the last equalized assessment roll referred to in subsection (1)(a) of this section, all of the taxes levied and collected upon the taxable property in such redevelopment project shall be paid into the funds of the respective taxing agencies. When such loans, advances, and indebtedness, if any, and interest thereon, have been paid, all monies thereafter received from taxes upon the taxable property in such redevelopment project shall be paid into the funds of the respective taxing agencies as taxes on all property are paid.

(Ordinance No. 382, Adopted October 18, 1989.)

6 8 5. 1050 West Neighborhood Development Plan.

(a) Neighborhood Development Plan. It has become necessary and desirable to adopt a redevelopment plan entitled, "1050 West Neighborhood Development Plan," dated January 25, 1993.

(b) Project Boundaries. The legal description of the boundaries of the project area covered by the redevelopment plan entitled, "1050 West Neighborhood Development Plan," dated January 25, 1993, is as follows, to wit:

Being a part of the Southwest Quarter of Section 7, Township 5 North, Range 1 West; and the Northwest and Southwest Quarters of Section 18, Township 5 North, Range 1 West; and Northeast and Southeast Quarters of Section 13, Township 5 North, Range 2 West, being more particularly described as follows:

Beginning at a point on the North line of Riverdale Road South 0°20' West 19.05 feet and North 64°15' East 912.7 feet North from the Southwest Corner of the Southwest Quarter of Section 7, Township 5 North, Range 1 West; said point being also 60 feet Northwesterly from the centerline of state road of Engineer's Station 83+10, which point is from the Southwest Corner of said Section 7 South 85.85 feet along the West section line of said Section 18 and North 64°15' East 1196.2 feet along said centerline of project survey, as shown on the official map of F.A. Project No. 114-A on file in the Office of the State Road Commission of Utah.

Proceeding Southwesterly along the North line of Riverdale Road and parallel to centerline of road South 64°16' West 1810 feet, more or less, to the intersection of the Northwesterly projection of Engineer's Station 65+00 and the North line of Riverdale Road, said point being also described as West 403.4 feet and South 2°26'45" West 51.40 feet from the Northeast Corner of Section 13, and thence South 89°54'45" West 374.89 feet, and thence Southeasterly 273.66 feet along the arc of a 781.20 foot radius curve to the right, and thence South 72°41'40" East 40.61 feet to said point on the right of way of Riverdale Road opposite Engineer's Station 65+00;

Thence North 72°41'40" West 40.61 feet to the Easterly boundary of Freeway; continuing thence along the Easterly boundary of Freeway Southeasterly 200 feet, more or less, to the intersection of the South line of Riverdale Road and the Easterly line of Freeway; said point being also described as being West 403.2 feet and South 1°25' West 427.2 feet along the West right of way line of road from the Northeast Corner of said Section 13 and thence South 62°02' West 128.29 feet; said point being also described as a point opposite Riverdale Road Engineer's Station 64+87.40; proceeding thence along the Easterly line of Freeway South 14°45' West 50 feet, more or less and South 25°56' East 39 feet, more or less, and South 25°45' East 48 feet, more or less, to a point of tangency with a 766.20 foot radius curve to the right opposite ramp road Engineer's Station 16+45.55; thence Southerly 193.90 feet along the arc of said curve; thence South 11°15' East 80 feet, more or less, thence South 0°38' West 25 feet, more or less, to a point also described as being West 394.7 feet and South 0°38' West 854.2 feet from the Northeast Corner of said Section 13; proceeding Southeasterly 75 feet, more or less, along the Easterly line of Freeway to a point on the centerline of a street known as 1150 West Street in Riverdale at a point 50.0 feet radially distant Northeasterly from the centerline of a Northwesterly bound ramp road for Project No. 80N-6 which point is approximately 920 feet South and 427 feet West from the Northwest Corner of said Section 13;

Proceeding thence Southeasterly 80 feet, more or less, along the arc of a 666.20 foot radius curve to the left to a point opposite ramp road Engineer Station 12+00 with a tangent to said curve at its point of beginning bearing approximately South 14°17' East; thence along Easterly Freeway line South 30°23'51" East 359.4 feet to a point 137.3 feet perpendicularly distant Northeasterly from the centerline of project at Engineer Station 916+00 and South 34E30' East 131 feet, more or less, and South 34°30' East 360 feet, more or less, to a point opposite Engineer Station 911+00, and South 35°20' East 179 feet, more or less, to a common point of the intersection of the West line of 1050 West and Freeway and a Southeasterly property corner;

Proceeding Southeasterly 125 feet, more or less, to the intersection of the East line of 1050 West Street and the Easterly right of way of Freeway; proceeding thence along the East line of 1050 West Street North 15°25; East 1984.94 feet, more or less, to a point on the East line of 1050 West Street being also described as being 1818.62 feet West of the Southeast Corner of the Southwest quarter of Section 7, Township 5 North, Range 1 West; proceeding thence along Easterly line of 1050 West Street North 15°25' East 207 feet; thence North 40°42' East 145.6 feet to the Southerly line of Riverdale Road; proceeding thence along the Southerly line of Riverdale Road North 64°15' East 168 feet, more or less, to the Southerly perpendicular projection of Engineer's Station 83+10 located on the South line of Riverdale Road; proceeding thence Northwesterly 120 feet, more or less, to the point of beginning.

EXCEPTING out the following parcel: Beginning at a point on the West line of State Road known as 1050 West Street, said point being East 697.00 feet to the West line of said road and South 15°25' West 56.00 feet along said West line from the Southwest Corner of Section 7, Township 5 North, Range 1 West, Salt Lake Base and Meridian and running thence North 15°25' East 200.00 feet along the West line of said road, thence North 47°29' West 53.83 feet along the West line of said road to the South line of Riverdale Road; thence South 64°15' West 225.00 feet along South line, thence South 25°45'00" East 71.39 feet, thence South 67°00'00" East 171.81 feet to the point of Beginning.

EXCLUDING all of the real property lying within the above legal description which lies North of the North boundary line of Riverdale Road.

(Ordinance No. 463, Adopted August 3, 1994)

(c) Purposes of Redevelopment Plan. The purpose and intent of the City Council of the City of Riverdale with respect to the project area, is to accomplish the following purposes by adoption of the redevelopment plan entitled, "1050 West Neighborhood Development Plan," dated January 25, 1993:

(1) Removal of structurally substandard buildings to permit the return of the project area land to economic use and new construction.

(2) Removal of impediments to land disposition and development through assembly of land into reasonably sized and shaped parcels serviced by improved public utilities and new community facilities.

(3) Rehabilitation of building to assure sound long term economic activity in the core area of the City of Riverdale.

(4) Elimination of environmental deficiencies, including among others, small and irregular lot subdivision, overcrowding of the land and inadequate off street parking.

(5) Achievement of an environment reflecting a high level of concern for architectural and urban design principles, developed through encouragement, guidance, appropriate controls and professional assistance to owner participants and redevelopers.

(6) Implement the tax increment financing provisions of the Utah Neighborhood Development Act, Utah Code Annotated, Section 17A-2-1247, et seq., which is incorporated herein by reference and made a part of this Ordinance.

(7) Strengthening of the tax base and economic health of the entire community and of the State of Utah.

(8) Provisions for improvements to public streets, curbs and sidewalks, other public rights of way, street lights, landscaped areas, public parking, and other public improvements.

(d) Plan Incorporated by Reference. The redevelopment plan entitled, "1050 West Neighborhood Development Plan," dated January 25, 1993, together with supporting documents is incorporated herein by reference, is attached hereto, and made a part of this Ordinance. Copies of said Plan shall be filed and maintained in the office of the City Recorder for public inspection.

(e) Plan Officially Designated. The "1050 West Neighborhood Development Plan," dated January 25, 1993, is hereby designated as the official redevelopment plan of the project area.

(f) City Council Findings. The City Council of the City of Riverdale hereby determines and finds as follows:

(1) The project area, as above described, is a "blighted area" as defined in Section 17A-2-1202, Utah Code Annotated 1953, as amended, and that the redevelopment of said area is necessary to effectuate a public purpose.

(2) The redevelopment plan would redevelop the area in conformity with the Utah Neighborhood Development Act and is in the interests of the public peace, health, safety and welfare of the area and the community.

(3) The adoption and carrying out of the redevelopment plan is economically sound and feasible.

(4) The redevelopment plan conforms to the master plan or general plan of the City of Riverdale.

(5) The carrying out of the redevelopment plan will promote the public peace, health, safety and welfare of the community and will effectuate the purposes and policy of the Utah Neighborhood Development Act.

(6) The condemnation of the real property, as provided for in the redevelopment plan, is necessary to the execution of the redevelopment plan and adequate provisions have been made for the payment for property to be acquired as provided by law.

(7) The Redevelopment Agency of Riverdale has a feasible method or plan for the relocation of families and persons displaced from the project area, if the redevelopment plan may result in the temporary or permanent displacement of any occupants of housing facilities in the project area.

(8) There are or are being provided in the project area or in other areas not generally less desirable in regard to public utilities and public and commercial facilities and at rents or prices within the financial means of the families and persons displaced from the project area, decent, safe, and sanitary dwellings equal in number to the number of and available to such displaced families and persons and reasonably accessible to their places of employment.

(g) Housing Facilities. The City Council of the City of Riverdale is satisfied that permanent housing facilities will be available within three years from the time occupants of the project area are displaced and that pending the development of such facilities, there will be available to such displaced occupants adequate temporary housing facilities at rents comparable to those in the community at the time of their displacement.

(h) Tax Increment Financing. This Ordinance adopting the redevelopment plan adopted, "1050 West Neighborhood Development Plan," dated January 25, 1993, specifically incorporates the provisions of tax increment financing permitted by Section 17A-2-1247, Utah Code Annotated 1953, as amended.

(1) As permitted by Section 17A-2-1247, taxes, if any, levied upon taxable property in a redevelopment project each year by or for the benefit of the State of Utah, any city, county, city and county, district or other public corporation (hereinafter sometimes called "taxing agencies") after the effective date of the ordinance approving the redevelopment plan, shall be divided as follows:

(A) That portion of the taxes which would be produced by the rate upon which the tax is levied each year by or for each of the taxing agencies upon the total sum of the taxable value of the taxable property in the redevelopment project as shown upon the assessment roll used in connection with the taxation of the property by the taxing agency, last equalized prior to the effective date of the ordinance, shall be allocated to and when collected shall be paid into the funds of the respective taxing agencies as taxes by or for the taxing agencies on all other property are paid (for the purpose of allocating taxes levied by or for any taxing agency or agencies which did not include the territory in a redevelopment project on the effective date of the ordinance but to which such territory has been annexed or otherwise included after the effective date, the assessment roll of the county last equalized on the effective date of the ordinance shall be used in determining the taxable valuation of the taxable property in the project on the effective date); and

(B) That portion of the levied taxes each year in excess of the amount allocated to and when collected paid into funds of the respective taxing agencies under subsection (2)(a) shall be allocated to and when collected shall be paid into a special fund of the redevelopment agency according to the limits set forth in subsection (2)(f) to pay the principal of and interest on loans, moneys advanced to, or indebtedness (whether funded, refunded, assumed, or otherwise) incurred by such redevelopment agency after April 1, 1983, to finance or refinance, in whole or in part, such redevelopment project. Payment of tax revenues to the redevelopment agency shall be subject to and shall except uncollected or delinquent taxes in the same manner as payments of taxes to other taxing agencies are subject to collection. Unless and until the total assessed valuation of the taxable property in a redevelopment project exceeds the total taxable value of the taxable property in such project as shown by the last equalized assessment roll referred to in subsection (2)(a) all of the taxes levied and collected upon the taxable property in such redevelopment project shall be paid into the funds of the respective taxing agencies. When the loans, advances, and indebtedness, if any, and interest thereon, have been paid, all moneys thereafter received from taxes upon the taxable property in the redevelopment project shall be paid into the funds of the respective taxing agencies as taxes on all property are paid.

(Ordinance No. 444, Adopted June 16, 1993.)