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Panguitch adopts ordinance creating Community Reinvestment Agency
Summary
The Panguitch City Council adopted Ordinance 2026-1 on April 14, 2026, creating the Panguitch City Community Reinvestment Agency under Utah Code Title 17C; creation is contingent on certification by the Utah lieutenant governor and the agency's governing board will be the city council.
The Panguitch City Council adopted Ordinance 2026-1 on April 14, 2026, creating the Panguitch City Community Reinvestment Agency.
The ordinance establishes the agency under the Limited Purpose Local Government Entities–Community Reinvestment Agency Act (Title 17C of the Utah Code). It says the agency’s geographic boundaries will be coterminous with the city's boundaries, that the agency will be vested with the powers provided in the Act, and that the governing board of the agency will be the sitting members of the Panguitch City Council. The ordinance makes creation contingent on issuance of a certificate of creation by the Utah lieutenant governor under Utah Code §67-1a-6.5 and directs the City Recorder to file required notices with the lieutenant governor and the County Recorder within statutorily prescribed time frames.
The ordinance text in the meeting packet includes the standard adopting language and lists procedures for filing the notice of impending boundary action and the certificate of creation. The packet does not include a separate recorded vote tally in the segment provided. The ordinance references Section 17C-1-201.5 and the Act’s provisions governing community reinvestment agencies.
The next administrative steps described in the ordinance are for the City Recorder to prepare and submit the notice of impending boundary action to the lieutenant governor and, upon the lieutenant governor’s issuance of a certificate of creation, to submit the original notice, the certificate, and a certified copy of the ordinance to the County Recorder.