Show THE QRWN SHUT Thursday NOTICES LEGAL August 29 1985 NOTICES LEGAL LEGAL NOTICES Redevelopment Agency NOTICES LEGAL NOTICES LEGAL NOTICES LEGAL NOTICES LEGAL Cont flee between the hours of 9:00 A M and 4:00 PM Monday through riday West Valley City residents and other parties are invited to offer oral comment during the public hearing or to submit written comment which will be accepted until 12:00 noon September 18 1985 and should be submitted the co Recorder's Office 2470 South Redwood Road West Valley City Utah 84119 provided herein anv CmiOMm Caatraet The provtolou of tills Resolution and of any SECTION 39: RewtatiM other resolution supplementing or amending thia Resolution and adopted prior to the Issuance the Bonds hereunder Hull constitute a contract between the Agency and the Registered Owners of tbe Bonds and the provisions thereof shall be enforceable by any ReglsteredOwner for the equal benefit and protectionof all Registered Owners similarlysituated by mandamus action or proceeding at law or In equity that Is now or may hereafter be or any other suit authorized under the laws of the State of Utah in any court of competent JurisdictionSaid la made under and is to be construed in accordance with the laws of the State of Utah - of wLE!lr?elt Or tr““er rom Ume ?ven und u required by this Resolubalance In any such fund any such f toe contract No remedy conferred hereby upon any Registered Owner is intended to be exclusiveof any other remedy but each such remedy is cumulative and in additionto every other remedy and may be exercised without exhausting and without regard to any other remedy conferred by the Act or any other law of the State of Utah No waiver of any default or breach of duty or by any Registered Owner shall affect any subsequent default or breach of duty or or shall impair any righto or remedies on said subsequent default or breach No delay or omission of any Registered Owner to exercise any right or power accruing upon any default shall impair any such right or power or shall be construed as a waiver of any such default or therein Every substantive right acquiescence and every remedy conferred upon the Registered Owners may be enforced and exercised as often as may be deemed expedient In case any suit action or proceeding to enforce any right or exercise any remedy shall be brought or taken and should said suit action or proceeding be abandoned or be determined then and in every such case adversely to the Registered Owners the Agency and the Registered Owners shall be restored to their former positions rights and remedies as such suit action or proceeding had not been brought or taken SECTION In opinion the Murray Municipal Council necessary to the peace health and safety of the inhabitants of Murray City that this become effective its first upon publication and filing of a copy thereofin the office of the City of Recorder Murray City Utah that AMBAC the Indemnity Corporation “fi to con“n“ exlM AMBAC Dd “ comply to with hTiimBlS'SLl? there the amount of ’Ed applicable and whether such nJhtaX mamrac AMBAC (c) The Payina C°U!Ril2i0ANeW or interestpayments ““ Agency n) the Agency to AMBAC “ provided In (a) above make ComPany of New York as insurance trustee maintained by the Registrar CODE Agent and Registrar shall provide AMBAC and the United States Trust thAun8Atf Roistered Owners of Bonds entitled to receive principal from AMBAC under the terms of the Bond Insurance and shall make to mail TC?mpfl7 of New York checks or draftsto the Of E?"?® ®ntiUed t® receive full or partial interest payments from sufrendered to United States Trust Company of UteRegistered Owners of Bonds entitledto receive full or partial principal ar-Stites ‘ defect or omission in Resolution or this in any York by payments from AMBAC id) Tbe Paying Agent shall at the time provides noticeto AMBAC pursuant to (a) above notify Registered Owners of Bonds entitledto receive the payment ofprincipal or thereon from AMBAC (i) as to the fact of such entitlement (il) that AMBAC will remit to them all or a part of the Interest payments next becoming due (ill) that should they be ? receive full payment of principal from AMBAC they must tender their Bonds along with a fonn of transfer of title thereto)for payment to United States Trust Company of New York u Insurance trustee for AMBAC and not the Paying Agent and iv) that should they be entitled to receive partial payment of principalfrom AMBAC they must tender their Bonds for payment thereon first to the Paying Agent who shall note on such Bonds the portion of the PS1Pal Pj!d y JJ® Jtoytag Agent and then along with a form of transferof title thereto to AMBAC which will then pay the unpaid portion of principal it Interest en-tdd ( ( a AMBAC shall makes payment of principalof or interest on Bonds become subrogated to the recipientsof such payments in accordance with the terms of the Bond Insurance and to evidence such subrogation in the case of subrogation claims for past due interest the Registrar shall note AMBAC's as to rights as subrogee on the registrationbooks of the Agent maintained by the Registrar and in the case of subrogation as to claims for past due principal the Registrar shall note AMBAC's rights as subrogee on the registration books of the Agency maintained by the Registrar upon surrender by AMBAC of Bonds together with proof of the payment of principal thereof to the Registered Owners of the Bonds (e) the extent the rights of to it ( 1 ) ( 11 ) 25: Additional Indebtedness Additional tax allocationbonds on a parity with the be issued to pay costs of Redevelopment Projects undertaken by the Agency pro- SECTION Bonds may act inspecUon all by fa) The Agency shall be compliance with all covenants set forth in this 11-19-29 (c Proceeds are deposited in the Reserve und in reserve funds created with respect to such additional bonds in order that the amounts deposited in the Reserve und equal the Reserve und Requirement as of the date of issuance of such bonds and the amounts deposited in reserve funds created with respectto such additional bonds (which funds snail be created for each such issue) shall equal the maximum amount availableto be invested at an unrestricted yield under then federal income tax law additional from Defeasance of Bonds If the Agency shall pay or cause to be paid or shall have SECTION made provisions to pay or there shall have been set aside in trust funds to pay to the Registered Owners of the Bonds the principal interest and premium to become due any thereon then the pledge of the Pledged Revenues and all other rights granted hereby shall thereupon cease terminate and become void and be discharged ano satisfied if Bonds for the payment and discharge of which upon maturity or upon redemption prior to maturity provision has been made through the setting apart in a reserve fund or special trust account created pursuant to this Resolution or otherwise to insure the payment thereof of monies sufficient for the purpose or through the irrevocable segregation tor that purpose in some sinking fund or other fund or trust account of monies sufficient therefore including but investment income earned or to be earned on direct obligationsof the United not limited to Statesof America or bonds or other obligationsfor which the full faith and credit of the United Statesof America are pledged for the payment of principal and interest shall as provided herein no longer be deemed to be outstanding and unpaid provided however that any such Bonds are to be redeemed prior to maturity thereof the Agency shall have taken all necessary to redeem or to cause to be redeemed such Bonds and notice of such redemption shall have been duly given or provision shall have been made for the givingof such Bond shall notice and provided further that the maturity or redemption date of any such not have arrived provision shall have been made by the Agency by deposit for the payment to the Registered Owner of any such Bonds upon the due date or surrender thereof whether or not prior to the maturity or redemption date thereof of the full amount to which they would be entitled by way of principal interest if or premium any to the date of such maturity or redemption including in tne computation of said full amount any income to be earned by way of of investment said deposit as provided below and provision shall have been made by the Agency for the publication in a newspaper of general circulationwithin the State of Utah of a noticeto the holders of such Bonds and coupons that such monies are availablefor such pay ment if Ratification Prior Actions agents of the Agency In connection with confirmed and approved SECTION or ratified of 33: All the payment or redemption in accordance with the provisionsof this Section shall be invested in direct obligationsof the United States of America or bonds or other obligations for which tbe full faith and credit of the United States of America are pledged for of to the payment principal and interest mature or be withdrawable as the case may be not later than the time when needed for such payment or redemption Net income earned on such investments may be paid to the Agency or may be used for the payment or redemption of Bonds and to the extent permitted by law may be considered as adequate provisionfor payment Monies held for in the Redevelopment Taxation of Leased Property Whenever any property Project Area has been redeveloped and thereafter is leased by the Agency to any person or in the privatelyowned assessed and taxed as same manner persons the property shall be of the Act as required by Section 27: SECTION property 11-19-31 Covenant The Agency hereby covenants for the benefit of the SECTION 28: Registered Owners of the Bonds that so long as any of the Bonds remain outstanding the to be used or invest or cause to be invested any of the proceeds Agency will not use or cause from the sale of the Bonds in any manner which will cause the Bonds to be “arbitrage bonds” of within the meaning Section 103(c) of the Code and any applicable regulationspromulgated from time to time hereafter be or may or proposed thereunder as tbe same presently exist amended supplemented or revised Executive Severability If any one or more of the sections paragraphs clauses or provisions Resolution should be determined by a court of competent jurisdiction to be invalid or unenforceable or otherwise contrary to law then such sections paragraphs clauses or provisionsshall be deemed and construed to be severable from the sections paragraphs clauses or provisions herein contained and shall in no way the validityof the other sections paragraphs clauses or provisionsof this Resolution 38: unconstitutional SECTION been indings The 29: Additional Covenants and informed of and having considered fully does hereby find determine declare certify (a) The issuance of the Bonds will serve a public use security and general welfare of the inhabitantsof Murray Utah Board Directorsof the Agency pertinent facts and and covenant that: all and of circumstances City upon its APPROVED Murray City by Etna J Chairman AND Murray ADOPTED promote the health safety and of the people of the State of persons the MURRAY of CITY AN ORDINANCE THE AMENDING CODE THE O CITY MURRAY UTAH TO PERTAINING O O to Srotlon a hereof Agency covenants and agrees that except as provided other obligations payable as to principal or interest from th Pledged any sjgfcior to or Revenues which have or purport to have any lien upon tbe Pledged Revenues provided of however thumbing in the Bonds herein authorized on a parity with the lien to lavrrefundlng this Resolution shall prevent the Agency from issuing and selling pursuant obligationspaysble from and having a first lien upon the Pledged' bonds or other refunding refunding of issued for the refunding obligations bonds or other are purpose Revenues if such and are sufficientfor tbe purpose of refunding all of the Bonds authorized by this Resolution and then outstanding it will duly and punctually pay or cause to be covenants and agrees that and interest on each of the Bonds issued hereunder together with the paid in the manner provided In premium thereon if any be payable on the date at the place and solely from tbe Pledged Revenues and other funds ss herein provided said Bonds That Redevelopment Agency or of it will not dispose of the mere than 10 covenants and agrees that (7) Tbe Agency ProjectArea (except property shown In the Etedevetopment area in theKedevelopment Resolution bodies Is adopted as planned for public use) tqpubllc Plan In effecton tbe date this of such dfapoaitfonthe or other peraona or entities whose property Is tax exempt U ae a result otbeSoods of lheReglstered Owners would be substantisllyImpaired the right security or land Jack M Council of MAYOR’S a to read signs ACTION: Approved Contains 04 CITY Murray Council 1985 MUNICIPAL COUNCIL to Transmitted the Office Mayor of Murray City 23rd day of Aug 1985 MAYOR'S AND LD beginning of light size Muir be ATTEST: its configuration location a the point Ap Mayor be elevation or constitutes nuisance or hazard determined by as Planning and Zoning South ACTION: proved LIGHTED No animated sign shall permitted No sign shall permitted which because of intensity Ludell P Pierson Citv Recorder DATE O PUBLICATION: 8-29-85 M46 out Htiddfe BUSINESS m ORMS p (fitawlwul at dedujH) yput BUSINESS STATIONERY PERSON Cloverland pay all connection thereof and tbe with to in City be the all INVITATIONS to pay principal on the the same become sufficient as ''wedding obligated incurred in issuance make payments amonts and at shall costs to AL STATIONERY proposed bonds shall constitute general obligations of the City and the above-named not This interest public hearing is the Tax Equity and iscal Responsibility Act of the public at 1982 Comments hearings are invited Written be submitted comments may (wut required otiiet buuUHcHot lituloE ifewo) by 17 City at its office 262-2601 or by calling CITY MURRAY NOTICE PUBLIC NOTICE of August 18 issuance said City of its In-dustrial Development RevoMM Series Refunding Bonds (Boyer-Ivory INS d Project) in tbe Ctaom I i n opinion of the Murray & Municipal Council City necessary to the peace health and safety of the inhabitants the it tfeeo (1883) said to 9 be 1985 3id c£m KeuiAxi)0i-tye utcuhw) WEST VALLEY PUBLIC -17 In-dustrial Development CITY NOTICE Public notice is hereby given that West Valley City Council will hold public hearing September 19 1985 6:00 Or what’s your on thereafter as PM or as business permits concerning the proposed Ordinance expiration date for the subdivisions which received final approval from the West Valley City Planning Commission soon printing setting but not the City or pur- UM Utah Industrial IM Devsiopment Act Dads Star Is Inclusive to ex amended refund ? y’s 82500000 11-17-1 MAILERS EAG46-1B zsrrasr&d loouod 703 acres i of Ludell Pierson City Recorder HEREBY State' by day oe offices ' 26th above (udiiuluaj HEARING that 8:48 this shown O Soptainber 17 pun or as soon thereafter so pooefote the City Council of Murray City Salt Lake County Utah wUl hold a public hearing at the City at the municipal building 5028 South Street Murray Utah for the receiving public purpose of comment on the proposed GIVEN UK at PROMOTIONAL 5:00 pm on September 1985 Additional information can be obtained from the prior to (we de Meet need? eueiujtluiq!) Commission Council under the Ordinance in effect 10 November 1983 Subdivision Hearing to be held to the City Council Chambers 2470 South Redwood Road West Valley City Utah Copies of the ordinance may be from the Recorder's Ofproponed obtained MURRAY 15S E 4905 South of on this ANIMATED - INTENSELY office DATED North section In the Jack M Tyler Council Chairman SIGNS a until Ludell P Pierson City Recorder 1 oiAeg by Municipal day of August Ludell P Pierson City Recorder CHAPTER? Sec the City at the office of the City Recorder in the City offices at the municipal building ATTEST: beginning t APPROVED ADOPTED 20th City to 20-0000" 1 the the I Bonds due Mayor feet point of thereof City Murray of MURRAY follows: as take publication ATTEST: Section 04 Code pertaining to amended 7 be shall copy office City this copy City City first PASSED AND a II SECTION Boyer-Ivory by and Muir LD being 3822’51” East 27918 thence North 7930’ East 10200 feet thence soutn 19‘W’OO” East 23924 South-19000 feet thence 2500’90” East feet thence South Sf'OO’OO’’ East 51480 South feet thence East 0802 thence South feet 8004’44" West 9450 feet thence South West 51310 8247'48” the MESSAGE That Chapter the Murray City upon the ana filing of Recorder Utah first V Ordinance the in means A mechanism or uses a combination lights or lighted panels controlled elec are I owned to to Transmitted the Officeof the Mayor of Murray City on this 23rd day of Aug 1985 feet to effect which tronically to produce words symbols or messages which flash when the may or displayed message is replaced witn differentmessage Boyer-Ivory City Recorder 2 thence SECTION This CENTER: Cloverland Utah limited partnership for use as an building facility times 429487 foet 152524 feet center of Township said 452 99 upon publication ana filing of thereofin the office of the Recorder of Murray Utah 15 ELECTRONIC Bonds Series 1984 Cloverland and to provide the permanent financing for the acquisition and construction of an office building facility of approximately 36000 square feet at South College 5200 Drive in Murray Utah The land building and related and improvements financed by the issue will be 1985 MUNICIPAL Tyler Chairman subdivision feet to perform accordance (0) The Agency Sto covenants Agreement use tbe tax increment generated by tbe of (exduslveof tbe Tax Increment Area) solely for the purpose to such portion the Agency’s existing debt attributable CITY M46-1B c-quisitton terms and provisions of Redevelopment Project Area paying the pro rata portionof artificial or Project) Council ATTEST: Pierson LudeUP and running North gg’tJ1 the West along Easterly boundary line immediately its rotation The Murray thence 1 the the SLBAM 1900 the Agency will not commence The Agency covenants that (a) after April Project Area through eminent domain Jb) in tbe Redevelopment SteApril ofany property tta iAci fyyojwrtog-sad Issue bonds under iMtbeAgency will not April 2015jhe Agency agrees that no tex increment from the Redyotopment (c) after TasKrisment to or used the Agmicy be allocated Area) may Project A" ow with by COUNCIL Subdivision require IV it I sign ANIMATED SIGN: which involves motion or of any part by mechanical of (Boyer-Ivory I at Beginning a point on the Southeast corner of Bridlewalk I Projects ADOPTED MURRAY LEGAL DESCRIPTION it It will at all times keep or cause to be kept The Agency covenants and agrees that all other records and accounts) in and current books and accounts (separate from orooer wWrtDtetTam! of ail shall be made transactions relating to tbe (accurate e Redevelopment fimds herein provided forjmd Protects and the Pledged Revenues and other of its wUlhrenarewthln of each fiscal after thectooe years a complete fiuKkd 130 days SXKZTte statements sudi Redendopment for such year In reasonable detail covering certjfM public accountant and certified by a or firn and other funds PtedgsdReveneus oftttwIpSbUc furnish scyy of such statement accountants selectedby the Agencyand wiU of Bond written request upon any statements to the Registered Owner City Municipal City this 6th day of August I R-l-8 South and East from tbe Section 18 be opinion of the Murray is City Municipal Council necessary to the peace health of the and safety inhabitants of Murray City that this become effective A Revenue APPROVED PASSED AND following described tract of land and area in Murray City Utah be rezoned (Agriculture) from an classification to (Residenttai Single amily) parcel is classification Said at located approximately 475 East 5770 South Murray Salt Lake County State of Utah and particularly more described as foDows: or (6) Murray of tbe point sign the DEINITIONS - CITY said Income III Ordinance Recorder Utah It it will from time to time pay and disdiarfe (5) Tbe Agency covenants and agrees that to lieu of taxes service charges paid and discharged all payments cause to be which may lawfully bcjm posed upon the Agency assessments or other governmental charges in Project Area or upon the by the Redevelopment or any of the properties then owned wifi all materialandsuppilre lawful claims for tabor and pay revenues and incometterefrom of raid propertjez revenues or which If unpaid might become a lien or charge upon any of tbe Bonttaprmeuse which might Impair tbe urity or all to tbe end that the priority and security funds to pay the principalof and Interest thereon to thispyagraph sbaB of said Bonds shall be preserved provided however that nothing long the Agency in good faith shall contest to makeany payment so as the Agency such tne velidltythereof Ordinance shall take upon the first publication and filing of copy thereof the tbe office of City in BY THE ORDAINED BE MURRAY CITY MUNICIPAL O COUNCIL MURRAY UTAH AS OLLOWS: A-S (3) The will not issue this effect IT SECTION of the sale of the Bonds will be The Agency covenants and agrees that the proceeds and that it will manage and operate all prodeposited and used as provided In this Resolution of Projects ih a sound and it and comprising the Redevelopment owned by part Krties any sinessllkemanner to SECTION In percent message shall public service property This CERTAIN A PARCEL (2) that SECTION O CHANGING CLASSIICATION ZONING THE O City Murray become effective its upon first and publication filing of a copy thereof in the officeof the City of Recorder Murray City Utah 965 the the use 1985 immediately ORDINANCE five i'r Kirkham PROPERTY to The Agency covenants and agrees that it will diligentlycarry out and continue its duty to do so completion with all practicable dispatch tbe Project in accordance with in sound and Plan and a under and in accordance with the Act and the Redevelopment to tte Act but no economical manner The Redevelopment Plan may be amended as provided of amendment shall be made which would substantially impair the security the Bonds or tbe rights of the Registered Owners thereof (1) the of the Immediately effective M46-1B Bonds: in Directors of be Blaine K Gehring Executive Director including (8) Board day of the this Resolution shall This (SEAL) of the (c) The Agency shall preserve and protect the security of the Bonds and the rights of all Registered Owners thereof and defend their rights against all claims and demands to pay at maturity or redemption Until such time as an amount has been set aside sufficient to maturity or prior to maturity all Bonds then outstanding plus unpaid interest thereon the Agency wUl (Brough its proper to the redemption date and any redemption premium all of the covenants officers agents or employees) faithfully perform and abide by members undertakings and provisions contained in this Resolution or in any Bond Issuedhereunder of the Registered Owners of the following covenants and agreements for the benefit (4) The Agency the principalol by Utah City ResoluUoe of of ADOPTED is ATTEST: in full (b) The issuance of the Bonds and all procedures undertaken incidentthereto are provisions and limitations compliance and conformity with all applicable requirements prescribed by the Constitutionand laws of the State of Utah thereunto enabling including the Act and all conditions precedent to the issuance of the Bonds have been fulfilled the Effective Date approval and adoption of time minimum devoted Section 01 Code pertaining to amended be affect the will 01 remaining 39: such PRINTING convenience SECTION is in Deed of A (5) 15 Chapter in 12976 feet to beginning 37: Headings Any headings preceding the texts of tbe several sections hereof SECTION and any table of contentsor marginal notes appended to copies hereof shall be solely for of reference and shall not constitutea part of this Resolution nor shall they affect its meaning construction or effect this (G) follows: as Sec of Non-Arbltrage having read signs of thence Repealer All acts orders resolutionsor parts thereof taken by the Agency which are in conflictwith this Resolution are to the extent of such conflict hereby repealed provided however that this repealer shall not be construed so as to revive any act order resolution or part thereofheretofore repealed of to a point five-hundred of feet Ordinance That Chapter Murray City Book 1604 at 231 thence page North 8800’ West 20 feet to point North of the a a THE CITY the 2 recorded 36: SECTION 01' 7 SECTION 5 warranty appropriate SECTION CHAPTER SECTION O electronic message to residential is within visible that (500) 1 urther Action The Chief Administrative Officer of the Agency the Director and the Chairman of the Board of Directors of the Agency and such other directors officers and agents of the Agency as may be appropriate or necessary are hereby authorized and directed to enter into such agreements and take all action necessary or to effectuate the provisions and purposes of this Resolution and to comply with the requirements of law including without limiting the generalityof the foregoing the execution of such documenta and certificatesas may reasonably be required by the Underwriter and bond counsel with respectto the Issuance sale and deliveryof the Bonds and the entering into taking of such such agreements action and execution of such documents and certificates shall be conclusive evidence of such necessity or appropriateness Any residential area or as determined by Planning & Zoning shall not operate between the hours of 10:00 pm and 6:00 m of the following day BE IT ORDAINED BY THE CITY MUNICIPAL MURRAY COUNCIL MURRAY CITY UTAH AS OLLOWS: Northwest Administrative electronic () CODE PERTAINING TO SIGNS ten foot lane 221 feet more or less to Murray City Sewer Line thence South 70 feet 6 ) center 906 ORDINANCE MURRAY Northwest a action if MURRAY 03 Beginning at point which is 110484 feet South and 11139 feet East from the corner of the Southwest quarter of Section Township South Range East SLB&M and running thence East 50 feet thence North 20618 feet to the Westerly bank of Millrace thence South 1904’ West along the East line of Murray Professional Group Inc propertyas covered in : 35: M46-1B CITY NO 3 officers SECTION 34 Authorisationto Execute Documents The Chief Administrative Officer of the Agency is hereby authorized to execute and deliver and the Executive Directorof the Agency hereby authorized to attest for and on behalf of the Agency the Bond Purchase Agreement Paying Agency Agreement and Official Statement in substantiallythe forms presented to the Board of Directors of tbe Agency at this meeting but with such modifications thereof as are consistent with the terms and provisions of this Resolution and which the Chief Officer of the Agency shall approve The Chief Administrative Officer’s execution of the Bond Purchase Agreement Paying Agency Agreement and Official Statement shall be conclusive evidence of the approval on behalfof the Agency of the terms and provisions thereof and said Official Statement Is hereby adopted as the Official Statement of the Agency SECTION the E ( Ludell P Pierson City Recorder device which Is exceed shall contain lighting Any display on the message center shali remain lighted for at least two (2) seconds ATTEST: CHAPTER 04 AND SECTION SECTION CHAPTER a heretofore taken by the directors issuance and sale of the Bonds are hereby actions not shall (D) No electronic message center shall be allowed to or scintillate except to change the displayed wording to different wording Ap AND 2 Parcel No 26: ACTION: AMENDING Northwesterly the adoption of any supplemental resolutionpursuant to the provisionsof this Section Resolution shall be and be deemed to be modified and amended in accordance therewith and the respective righto duties and obligations under this Resolution shall thereafter be exercised and enforced hereunder subject in all respectsto such modifications determined and amendments Lamp size watts and incandescent 30 only LD Muir Mayor AN thence South 88 East 735 feet thence East North 19’04’ to 8412 feet the Westerly bank of mill thence race along the West bank of said mill point where race to the same intersectsor crosses the Murray City Sewer Line thence South 70 feet to the place of beginn ing Upon (C) on area 1 Registered Owners dark of flash 2 6 a (B) All electronic message centers must have an to automatic dimmer reduce such signs intensity after ORDINANCE corner of the Southwest quarter of Section Township South Range East SLB&M and running thence South 88 East along the South line of this applicable No East instruments b) Taxes produced from the most recent assessed valuation of taxable property in Tax Increment Area and allocable to the Agency under Section of the Act and the Agreement of the are at least equal to 125 maximum annual debt serviceon all bonds to be outstanding followingissuance of the additional bonds and site MAYOR’S a a (A) No electronic message centers shall be allowed off MUNICIPAL proved Beginning at point in the center of State Street feet 90284 South and 1282 chains more or less (exclusive the CITY 15 Whenever any time within one year after the date of the mailing of such notice the Agency shall receive an Instrument or Instruments purporting to be executed by Registered in aggregate principal amount of the Bonds then outstanding Owners of not less than 60 of if Bonds which Instrument or any owned by the Agency or Murray City) shall refer to the propored supplemental resolutiondescribed in such notice and the to in shall specificallyconsent and approve adoption thereof substantiallythe form of the to in such notice as being on file with the Paying Agent thereupon but copy thereof referred the Agency not otherwise may adopt such supplemental resolutionin substantiallysuch form without liability or responsibilityto any Registered Owner of any Bonds whether or not such Owner shall have consented thereto Resolution Murray C-D-C Parcel at in in LEGAL DESCRIPTION shall desire to obtain any such consent it shall cause notice to be If the Agency mailed by first class mail to each Registered Owner at the address shown on the registrationbooks maintained by the Registrar Such notice shall briefly set forth the nature of the proposed supplemental resolution and shall state that a copy thereof is on file at the office of tne Paying for I : if Agent Murray Ludell P Pierson City Recorder amily) classification a (Commercial Development Conditional) classification Said parcel is located at approximately 115 Salt East 4600 South Murray Lake County State of Utah and particularly more described as follows done pursuant modlficaUon or amendment so consented to shall be binding of all of the Bonds and shall not be deemed an Infringement of upon the Registered Owners any of the provisions of this Resolution or of the Act whatever the character of such act may be and may be done and performed as fully and freely as expressly permitted by the terms of this Resolution and after such consent relatingto such specified matters has been given no Registered Owner shall have any right or interestto objectto such actionor in any manner to question the propriety thereofor to enjoin or restrain the Agency or any officer thereof from taking any action pursuant thereto Any to APPROVED ATTEST: rezoned (Residential from Multiple principal M-D following described R-M-12 with Consent of Registered Owners This Resolution and the SECTION 32: Amendments righto and obligations of the Agency and of the Registered Owners of the Bonds may be at bv modified or amended supplemental resolutionadopted by the Agency with the any Ume in consent of Registered Owners of at least 60 aggregate principal amount of the Bonds then outstanding exclusive of Bonds U any owned by the Agency or Murray City and obtained as provided however hereinafter ret forth that no such modification or amendment shall without the express consent of the Registered Owner of the Bond affected reduce the of Bond reduce the amount such Interest rate payable thereon make such Bond redeemable prior to its maturity except as otherwise provided in this Resolution reduce the payable upon redemption extend its maturity or the times for paying Interest premium in thereon or change tbe monetary medium which principal and interest is payable nor shall reduce the percentage of consent required for amendment any such modification or amendment modlficaUon or City City to the Office Transmitted the Mayor of Murray City this 23rd day of Aug 1985 of land and area City Utah be to C-D C-S COUNCIL CITY the Centers Electronic message centers be allowed subject to conditional use review and permitted in P and M-G zones In additionto the restrictions found in this and chapter the other chapters which apply to the above zones mentioned message centers shall also be subject to the following restrictions: Jack M Tyler Council Chairman O supplemental That the Murray of MURRAY BE ORDAINED BY THE MURRAY CITY MUNICIPAL O MURRAY AS OLLOWS: tract 3 Commercialln-dustrial - Zone-Electronic ADOPTED by the City Municipal Council this 6th day of August 1985 COUNCIL UTAH (b) to grant to or confer upon the Paying Agent for the benefit of the Registered Owners of the Bonds any additional rights remedies powers authorityor security that may lawfullybe granted to or conferred upon the Registered Owners or the Paying Agent a electronic CERTAIN PARCEL PROPERTY Inconsistent office PASSED TO A of AND UTAH O the Recorder Utah THE CHANGING O ZONING CLASSIICATION AM-Ei£’vSl(h2 New in PERTAINING 03 Message Ordinance shall take upon the first publication and filing of copy thereof CITY SECTION r? W ( THE O MURRAY O : formal Chapter Sec This AN ORDINANCE AMENDING THE 31 SECTION Amendments Without Consent of Registered Owners Tbe Agency may from Ume to time and at any Ume adopt such resolutionssupplemental hereto as shall not be and provisions hereof (which supplemental resolutions shall with the terms thereafter form a part hereof) or adding shall IT cure any ambiguity resolution or 3 III SECTION MURRAY ORDINANCES After the issuance and deliveryof the Bonds this Resolution and supplementary resolutions thereto shall be irrepealable but shall be subject to modificationor amendment to the extent and in the manner provided In this Resolution but to no greater extent and In no other man ner (alto That Chapter Section 03 the Murray City Code pertaining to signs be amended by the following: immediately CITY Peymg the registrationbooks of tbe '“ ££“ ?” in ’cglvlntotice for and orce J’Sym?nt date toe Pylng Agent determines that Bond und to pay the principalof or interest on the d‘ Agent 8haU ®° h0? AMBAC Such notice the anticipated deficiency the Bonds to which such deficiency is Bonds wiu be deficientas to principalor interest or both insufficientfunds will be to followingprovisions: the is it effect if Agent agree the Ordinance contract ”ntomplatel in of City Kathleen B Kaumans City Recorder WVC46-1B contract NOTICES II SECTION interested otherwise LEGAL NOTICES LEGAL PRINTING Inc 262-6692 IB |