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 8 6. Weber River Neighborhood Development Plan



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6 8 6. Weber River Neighborhood Development Plan.

(a) Neighborhood Development Plan. It has become necessary and desirable to adopt a redevelopment plan entitled, "Weber River Neighborhood Development Plan," dated February 7, 1994.

(b) Project Boundaries. The legal description of the boundaries of the project area covered by the redevelopment plan entitled, "Weber River Neighborhood Development Plan," dated February 7, 1994, is as follows, to wit:

Parts of Sections 7 and 18, Township 5 North, Range 1 West, Salt Lake Base and Meridian, U.S. Survey.



Beginning at the Northwest Corner of County Parcel No. 07-072-0019 (H & P Investments Property), said point lying Westerly along the South line of said Section 7, 175.8 feet and Northerly, along the West line of said property 288.35 feet, more or less, from the South Quarter Corner of said Section 7; and running thence for three courses along the Northerly line of said property as follows: South 88°35' East 224.23 feet; thence North 1°45' East 120.0 feet; thence South 88°35' East 279.56 feet, more or less to the West line of the 700 West Street right of way; thence North 1°25' East 405.0 feet, more or less, to the South line of the 4600 South Street right of way; thence Easterly along said South line 66 feet; thence South 1°25' West 42 feet, more or less, to a Northwest Corner of County Parcel No. 06-012-0007 (H & P Investments Property); thence North 89°53' East along a North line of said property 215.92 feet; thence South 0°28'54" West along the East line of said property 811.46 feet; thence South 89°11'51" East along a South line of said property 21.24 feet, more or less, to the center of the Weber River; thence Southwesterly along the Weber River 1,054.7 feet, more or less, to the East line of County Parcel No. 07-072-0003 (H & P Investments Property); thence Southerly along the Weber River to the South line of said property; thence West to the Southwest Corner of said property; thence Northerly along the West line of said Parcel No. 07-072-0003, 132 feet, more or less, to the Southeast Corner of County Parcel No. 07-072-0004 (Jerry & Pat Malan Property); thence for three courses along the South line of said property as follows: North 43° West 369.6 feet; thence North 80°30' West 369.6 feet; thence South 74°30' West 24.41 feet, more or less, to the Southeast Corner of County Parcel No. 07-072-0005 (Robin Wetzler Post 139, American Legion); thence for three courses along the South line of said property as follows: South 74°30" West 207.39 feet; thence North 14°30" West 26.37 feet; thence North 89°35'48" West 493.76 feet, more or less to the East line of the 1050 West Street right of way and a Southwest Corner of said Parcel No. 07-072-0005; thence North 15°25' East along said right of way line 51.72 feet, more or less, to a Northwest Corner of said County Parcel No. 07-072-0005; thence North 89°30" East along a North line of said property 259.7 feet, more or less, to a Southwest Corner of County Parcel No. 07-072-0021 (Bar "C" Properties); thence North 0°25" West along a west line of said property 134.58 feet; thence South 89°30" West along a South line of said property, 223.62 feet, more or less, to the East line of the 1050 West Street right of way and the Southwest Corner of said Parcel No. 07-072-0021; thence North 15°25' East along said right of way line 677 feet, more or less, to the Northwest Corner of County Parcel No. 07-072-0008 (Gloria Winkle Property); thence South 89°30' East along the North line of said property 282.52 feet, more or less, to the Northeast Corner of said Parcel No. 07-072-0008 and a West line of County Parcel No. 07-072-0045 (Bar "C" Properties); thence North 0°30' East along the West line of said property 54.5 feet, more or less, to the North line of said Section 18; thence Easterly along said Section line 2.62 feet; thence North 0°30' East along the West line of said Parcel No. 07-072-0045, 121.12 feet, more or less, to a Northwest Corner of said property; thence East 62 feet; thence Southeasterly 35 feet, more or less, to the Southwest Corner of County Parcel No. 06-016-0050 (Home Depot U.S.A., Inc. Property); thence Northerly along the West line of said property 129 feet, more or less, to the Northwest Corner of said property; thence Northeasterly along the North line of said property 70 feet, more or less, to the Southwest Corner of County Parcel No. 06-16-0052 (William Furniss Property); thence North 0°30' East along the West line of said property 162.4 feet, more or less to the Northwest Corner of said property and the South line of the Riverdale Road right of way; thence North 64°15' East along said South line of Riverdale Road 583 feet, more or less to the Northeast corner of County Parcel No. 06-016-0064 (Russ Child Property); thence South 0°30' West to the Southeast Corner of County Parcel No. 06-016-0064 (Child Property); thence North 87°10" West 16.5 feet to a Northeast Corner of County Parcel No. 06-016-0045 (Bar "C" Properties); thence South 0°28'05" West 250.69 feet; thence Easterly along a North line of said property, the North line of the 897 West Commercial Condominium and the North lines of County Parcel No. 06-016-0117 (Altice Investments Property) and Nos. 06-016-0044 and 06-016-0043 (H & P Investments Property) 744.2 feet, more or less, to the Northeast Corner of said Parcel No. 06-016-0043; thence Southerly along the East line of said property 37.46 feet, more or less, to the point of beginning.

EXCLUDING County Parcel No. 06-012-0020 (United States of America Property) described as follows:

Beginning at the South Quarter Corner of said Section 7; and running thence North 61°30" East along the South line of the 700 West Street right of way 125.0 feet, more or less to the Northeast Corner of said parcel; thence Southerly along the East line of said parcel 124.07 feet to the Southeast corner of said parcel; thence Westerly along the South line of said parcel 126.50 feet to the Southwest Corner of said parcel; thence Northwesterly along the West line of said parcel 47.92 feet, more or less, to the Northwest Corner of said parcel and the South line of said Street; thence North 61°30' East along the South line of the 700 West Street right of way 46.43 feet, more or less, to the point of beginning. The project area legal description contains approximately 68 acres of privately owned property.

(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, "Weber River Neighborhood Development Plan," dated February 7, 1994:

(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-2-1247.5, 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, "Weber River Neighborhood Development Plan," dated February 7, 1994, 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 "Weber River Neighborhood Development Plan," dated February 7, 1994, 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.

(2) That the redevelopment of the project area is needed to effectuate a public purpose.

(3) 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.

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

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

(6) The carrying out of the redevelopment plan will promote the public peace, health, safety and welfare of the community.

(7) The acquisition of the real property by the power of eminent domain or condemnation is provided for in the redevelopment plan and is necessary to the execution of the redevelopment plan. Adequate provisions have been made for payment for property to be acquired as provided by law.

(8) 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 in the project area.

(9) 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 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, "Weber River Neighborhood Development Plan," dated February 7, 1994, specifically incorporates the provisions of tax increment financing permitted by Section 17A-2-1247.5, Utah Code Annotated 1953, as amended.

(1) (A) An agency may collect tax increment from all or a part of a project area. The tax increment shall be paid to the agency in the same manner and at the same time as payments of taxes to other taxing agencies to pay the principal of and interest on loans, moneys advanced to, or indebtedness, whether funded, refunded, assumed, or otherwise, to finance or refinance, in whole or in part, the redevelopment or economic development project according to the limits established by majority consent of the taxing agency committee.

(B) The agency has elected the tax increment alternative to receive 100% of annual tax increment to be paid to the agency for a period not to exceed twelve years commencing from the first tax year an agency accepts tax increment from a project area;

(C) An agency may receive a greater percentage of tax increment or receive tax increment for a longer period of time than that specified in this subsection if the agency obtains the majority consent of the taxing agency committee.

(2) (A) The redevelopment plan contains a provision that provides that the portion of the taxes, if any, due to an increase in the tax rate by a taxing agency after the date the project area budget is approved by the taxing agency committee may not be allocated to and when collected paid into a special fund of the redevelopment agency according to the provisions of Subsection 6-8-6(h)(1) unless the taxing agency committee approves the inclusion of the increase in the tax rate at the time the project area budget is approved. If approval of the inclusion of the increase in the tax rate is obtained, the portion of the taxes attributable to the increase in the rate shall be distributed by the county to the agency. If approval of the inclusion of the increase in the tax rate is not obtained, the portion of the taxes attributable to the increase in the rate shall be distributed by the county to the taxing agency imposing the tax rate increase in the same manner as other property taxes.



(Ordinance No. 466, Adopted October 19, 1994)

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