Section 63N-3-1406 - Local government endorsement - Revitalization Zone Committee approval - Final approval by local government - Imposition of tax(1)(a) The legislative body of the local government shall, no later than the date that is 14 calendar days after the date that notice of a proposed project area and proposed participation agreement is provided under Subsection 63N-3-1405(2), in a public meeting by a majority vote:(i) endorse the application by:(A) endorsing the proposed project area, with or without amendment; and(B) endorsing the proposed participation agreement, with or without amendment; or(ii) reject the application.(b) If the legislative body of the local government endorses the application, the legislative body shall provide notice of the endorsement to the Revitalization Zone Committee, and provide the committee with any amended project area or amended participation agreement.(c) If the legislative body of the local government rejects the application: (i) the legislative body shall provide notice of the rejection to the mayor of the local government; and(ii) the applicant and the local government may develop another proposed project area and proposed participation agreement and present those documents according to the procedures and requirements of Section 63N-3-1405.(2) If the legislative body of the local government endorses the application under Subsection (1): (a) The Revitalization Zone Committee shall, no later than 30 calendar days after the date that notice of the local government's endorsement of an application is provided under Subsection (1)(b), in a public meeting by a majority vote:(i) approve or reject the endorsed project area; and(ii) approve or reject the endorsed project participation agreement.(b) If the committee approves the endorsed project area and the endorsed participation agreement: (i) the committee shall give notice of the approval to the mayor and the legislative body of the local government; and(ii) the legislative body of the local government may meet to consider final approval as provided under Subsection (3).(c) If the committee fails to approve the endorsed project area, the endorsed participation agreement, or both the project area and participation agreement: (i) the committee may adopt a statement or findings as to why the committee failed to provide its approval;(ii) the committee shall give notice of the failure to approve to the mayor and the legislative body of the local government; and(iii) the local government may:(A) develop another proposed project area and proposed participation agreement according to the procedures and requirements of Section 63N-3-1405;(B) in a public meeting of the legislative body of the local government, review, amend, or endorse another project area or participation agreement according to the procedures and requirements of Subsection (1); or(C) take no further action on the application.(3) If the Revitalization Zone Committee approves the endorsed project area and the endorsed public participation agreement under Subsection (2), the legislative body of the local government may, by a majority vote in a public meeting: (a) give final approval to the application by:(i) approving the project area in the form approved by the committee;(ii) approving the proposed participation agreement in the form approved by the committee; and(iii) designating the applicant as a project participant; or(b) reject the application.(4) After giving final approval to the application, the local government shall: (a) impose taxes or revenue sources that may be used within the project area, including taxes or funds authorized under Section 59-12-402.5; and(b) provide reports to the committee as required under Subsection 63N-3-1408(2).Added by Chapter 436, 2024 General Session ,§ 7, eff. 5/1/2024.