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Show Layton Council creates city building authority the completion of the acquisition and construction of the project may be necessary to meet the needs of the city. Future changes in such plans and specifications may be made, subject to the approval of the city council." While the creation of a building authority was tied to the construction construc-tion of a city administration building, build-ing, its authority extends beyond this specific project and could include in-clude other capital projects even some road construction that fit the state criteria. A building authority, once created, cre-ated, can be dissolved only by council action. There is no time limit set nor is there any borrowing limit set on the authority other than the city's capacity to pay the debt. By DONETA GATHERUM LAYTON The Layton City Council took the final steps to create cre-ate a building authority for the purpose pur-pose of giving another method of financing if and when the council decides it is time to construct a new municipal complex. The action was taken following the July 21 council meeting. Discussion of the building authority au-thority approach to financing major ma-jor projects has been on-going for several months. This plan was recommended re-commended by Richard Young, representative of Boetcher and Company, financial advisors to the city. Mr. Young said a building authority au-thority wou'd give the city maximum max-imum flexibility in selecting the best method for financing this proposed capital project and the best interest rate on bonds that might be sold. Council members LeGrande Simmons and Gerald Nebeker have resisted the building authority approach for many weeks. Thursday Thurs-day evening, Mr. Simmons voted in favor of the creation of this nonprofit non-profit body that has the power to "perform essential governmental functions of Layton City. ..by acquiring, ac-quiring, improving or extending improvements, facilities or properties prop-erties and arjDurtenances to them which the City is authorized or permitted per-mitted by law to acquire and by financing the costs thereof on behalf be-half of the city." Councilman Nebeker maintained main-tained his stand against the building build-ing authority. He has consistently stated his belief that any capital project such as the construction of a $5 million city hall and court complex com-plex should get voter approval through a general obligation bond election or another form of referen-dum. referen-dum. The building authority approach to financing can circumvent circum-vent any election process. The building authority is actually the city council acting in a different capacity. After the official resolution resolu-tion establishing the building authority au-thority was passed, council members mem-bers elected officers to serve on the building authority board. Mayor Richard McKenzie is the president. presi-dent. Other officers are Councilman Council-man LeGrande Simmons, vice president; Councilman Jerry Stevenson, secretary; and Councilman Coun-cilman Kent Smith, treasurer. Councilman Nebeker abstained from voting on any issue concerning concern-ing the building authority. According to the resolution the council adopted, the city council entered into a City Facilities Lease Purchase Agreement with the building authority as of August 1, 1988. This lease "provides for the acquisition and construction of the Project (city administration, police and court facilities) by the Authority, Author-ity, the lease of the project to the city and the financing of the project through the issuance of Revenue Bonds by the Authority." Estimated cost of the project is five-million dollars. Plans and specifications spe-cifications are now "preliminary in nature and changes thereto prior to |