DEVELOPMENT OF UTA PROPERTY IN SOUTH SALT LAKE Sample Clauses

DEVELOPMENT OF UTA PROPERTY IN SOUTH SALT LAKE. UTA and SSL recognize and agree that UTA owns a substantial amount of property within the City of South Salt Lake that, by virtue of UTA’s status as a quasi-governmental agency, is tax-exempt. UTA and SSL agree to form a task force, promptly following execution of this Agreement, to investigate and implement opportunities for UTA to sell, lease, exchange, or otherwise develop some of its surplus property within the City of South Salt Lake to private owners and thereby bring it onto the tax rolls.
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