The decisions, made Thursday night, mark the final city approvals necessary for RSL to build its $110 million, 20,000-seat stadium at 9256 S. State St.

The Legislature approved public funds for the project in February after a similar deal at the county level fell through.

"It was a very long process. It was political, with some pretty intense negotiations, but it's going to end up being a good project," Randy Sant, Sandy's economic-development director, said Friday. "We were able to pull off something I think a lot of people felt like would never be able to happen."

The city still will be overseeing RSL's parking and pedestrian traffic plan to ensure the team complies with all of the terms, including delivering formal agreements with surrounding property owners to park at least 4,300 cars off-site during events.

On Tuesday, Sandy plans to issue the $35 million in bonds, backed for the next 20 years by Salt Lake County hotel taxes. The proceeds will be used to buy land for RSL's $20 million stadium and reimburse the team for state-approved parking and infrastructure expenses.

New York-based All Points Funding has agreed to purchase all the bonds and give Sandy a 4.88 percent interest rate.

The parking plan - it has to prevent soccer-match parking on residential streets - must be in place 120 days before the stadium opens in fall 2008. The team must provide 1,000 parking stalls on-site or within a five-minute walk. Another 1,000 stalls have to be built within two years of the stadium's opening.

RSL has reported to the city that it already has secured or is negotiating for 4,500 stalls within a 15-minute walk of the stadium.

rwinters@sltrib.com