Holladay council rezones 5025 South Highland Drive for commercial use and approves up to $19 million in sales tax revenue bonds
March 17, 2022, 6:00 p.m. · City Council Chambers, 4580 South 2300 East, Holladay
The council voted 6-0 to rezone about 1.2 acres at 5025 South Highland Drive from Neighborhood Commercial to C-2, conditioned on a development agreement and site plan approval. It also authorized up to $19 million in sales tax revenue bonds, 6-0. Two rezone items for 5661 South Highland Drive were withdrawn by the applicant. The minutes record the mayor voting with the council members, so tallies include him. Mayor Pro Tem Drew Quinn called the meeting to order.
From the approved minutes. Updated October 14, 2026.
Decisions at a glance
Agenda, item by item
Item IV-V · Zoning
Rezone of 5661 South Highland Drive from R-1-43 to R-2-8 (hearing and Ordinance 2022-05)
Withdrawn
The applicant withdrew the request and both items were removed from the agenda; no motion or vote was taken.
- Current zone → proposed: R-1-43 → R-2-8
Item VI · Zoning
Ordinance 2022-06: Rezone 5025 South Highland Drive from Neighborhood Commercial (NC) to C-2
Approved with conditions · 6-0
Orange Properties, LLC requested the rezone of about 1.2 acres. It is conditioned on a development agreement with the council within six months of the resolution and Planning Commission site plan approval within two years; otherwise the zone reverts to NC. Staff said the applicant had not commented on the draft agreement but understood the arrangement.
- Applicant: Orange Properties, LLC
- Acres: about 1.2
- Current zone → proposed: NC → C-2
- Conditions: development agreement within six months; Planning Commission site plan approval within two years; otherwise reverts to NC
Item VII · Budget
Resolution 2022-07: Sales tax revenue bonds, Series 2022 parameters
Approved · 6-0
Authorizes bonds of up to $19,000,000 with an interest rate no higher than 4.5%, maturity no longer than 21 years and a sale price of at least 97% of par, so a pricing committee can act without returning to the council. Financial advisor Laura Lewis described an example of $18 million in project funds from about $16 million in bonds sold at a premium, an expected true interest cost of 2.7% to 3%, a monthly payment of about $90,000 against about $500,000 in monthly sales tax, and coverage of about 3.5 times. The motion added physical facility, road, stormwater and related improvements to the project cost definition on the advice of counsel. A public hearing was expected three to four weeks later and a market target of early May 2022.
- Bond$19.0 million
Item IX · Other
City manager report
No action
Staff reported a Wasatch Boulevard study open house on March 21, a grant of about $70,000 for an active transportation feasibility study along I-215, road overlay work funded by the bond expected to start in mid-May and a Historical Commission speaker series. Council Member Durham asked staff to explore recognizing Juneteenth.
- Grant$70,000
Item XI · Other
Work meeting: Granite School District and Parley's gravel pit
Discussed
Granite School District representatives discussed strategic planning priorities and perceptions of Cottonwood High School. On the Parley's gravel pit application, the city attorney advised Holladay not to intervene at this time because land use is governed by Salt Lake County; no vote was taken.
What residents said
Rezone of 5661 South Highland DriveSpeeding on 6200 South
A resident said he was disappointed the 5661 South Highland items were withdrawn, noting the lot is single-family and a neighborhood gateway, and thanked the council.