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Debt Review Committee

 

 

Salt Lake County
Debt Review Committee
Government Center
2001 South State Street
S3500
Salt Lake City, UT 84190
Phone: 801 468-2033
Email

Mission Statement

The purpose of the Debt Review Committee is to review all debt proposals which anticipate that repayment will occur beyond one fiscal year, and to make recommendations regarding the proposed debt to the County Mayor, and the County Council prior to the debt obligation being incurred. The Committee may also review operating revenue and expenditure projections, as well as other financial information deemed necessary in evaluating debt proposals for capital projects. Debt Review Ordinance

Minutes

Date Size

04/08/2010

03/11/2010

02/11/2010

01/14/2010

11/12/2009

10/08/2009

09/03/2009

07/07/2009

03/13/2009

01/16/2009

11/19/2008

08/11/2008

06/06/2008

05/16/2008

Meetings and Agendas

Please send your agenda items to the committee chair. The next scheduled Debt Review Committee meeting will be in the Budget Hearing room N2007 on:

Wednesday, June 25, 2014 at 2 pm.

Members

Membership Definition per Ordinance:

The committee shall be composed of eight members consisting of the mayor’s chief administrative officer, the mayor’s chief financial officer, one member of the council chosen by the council, the council budget director, two members of the county auditor’s office designated by the county auditor, the county treasurer or designee, the district attorney or designee.

Current Members

Mayor’s Office
385-468-7000

Darrin Casper, Member
Mayor's Office
385-468-7075
dcasper@slco.org

 Max Burdick, County Council Chair 
385-468-7459
mburdick@slco.org

Dave Delquadro
Council Representative
385-468-7500
ddelquadr@slco.org

Ralph Chamness, Member
District Attorney's Office
385-468-7700
rchamness@slco.org

Treasurer's Office
385-468-8300
JWCushing@slco.org

Gregory P. Hawkins, Member -- Chair
Auditor's Office
385-468-7200
ghawkins@slco.org

Lance Brown, Member
Auditor's Office
385-468-7200
lbrown@slco.org

John Bronson*, Ex-officio, Financial Advisors
801-524-2100
Email:
jbronson@zionsbank.com

*non-voting members, as presently constituted

DRC Chair Rotation Schedule

The chair of the committee shall be rotated annually among the members representing the county auditor, district attorney and county treasurer. The county’s financial advisor shall serve as a non-voting, ex-officio member of the committee. (Ord. 1527 1 (part), 2004) The table below shows the proposed rotation schedule for thru 2012.

YEAR

ELECTED OFFICE

2010

Treasurer

2011

Auditor

2012

District Attorney

2013 Treasurer

Application Forms and Fees

  1. MBA
  2. Not for Profit
  3. For Profit
  4. Quasi Government
  5. Salt Lake County
  6. Special Districts

Fee Policy:

It is the policy of the County to charge an application fee to defray some or all of actual costs incurred in conjunction with the conduit-type financing. Since the County is not required by law or policy to authorize such financings, and since such bond issues can consume a great deal of time which would otherwise be allocated to County programs and services paid primarily by County tax-paying citizens, the County has determined it is appropriate for those seeking to benefit from issuance of tax-exempt financing with Salt Lake County as the issuer to be responsible for an appropriate fee to defray certain relevant costs. For fee amount information, please see the DRC policies section 2.97.070, "Fees imposed."

Salt Lake County's Debt Review Committee Ordinance

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