Council to consider bond
July 29, 2014
After one week off, the Summit County Council will once again meet in session on Wednesday, July 30.
One highlight of the agenda will happen around 5 p.m., when officials with the Snyderville Basin Special Recreation District will propose adding a $25 million bond to the November ballot.
The last bond proposed by the district was in 2010.
Rena Jordan, district director, said the bond will be used for the acquisition of open space, expanding recreation facilities, and maintenance and development of trails. Of the $25 million, $15 million will be used for open space, $2 million for trails, $5.5 million for the final phase of the Fieldhouse construction, and $2.5 million for a potential expansion of the Park City Ice Arena.
If the bond is passed and issued, an annual property tax to pay debt service on the bond will be required over 21 years in the estimated annual amount of $125 on a $652,000 residence and in the estimated amount of $227 on a business property of the same value as the residence, according to a staff report proposed by the district.
If given the go-ahead by Council, a public hearing on the bond will be held on Aug. 20 at 6 p.m. at the Sheldon Richins Building.
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In other business, the Council will host:
- a 60-minute presentation of the 2013 Comprehensive Annual Financial Report at about 3:30 p.m.;
- a 30-minute discussion regarding nightly rentals with County Community Development Director Pat Putt at about 4:30 p.m.;
According to a staff report, the Council requested a work session discussion regarding nightly rentals after a citizen complained, said County Clerk Kent Jones. Nightly rentals are not regulated though zoning under the Snyderville Basin or the Eastern Summit County Development Codes. They are currently regulated under the business license provisions of the county code.
There are 155 licensed nightly rentals in Summit County.
The meeting will be held at the Sheldon Richins Building at 1885 West Ute Boulevard in Kimball Junction.
The work session commences at 3:30 p.m., and public input will be held at 6 p.m.
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