(1) The Municipal Council may, without a public hearing, enact ordinances establishing temporary zoning regulations for any part or all of the area within the city if:

(2) Temporary zoning regulations may prohibit, restrict, or regulate the erection, construction, reconstruction, or alteration of any building or structure or subdivision approval.

(3) A temporary zoning regulation may not impose an impact fee or other financial requirement on building or development.

(4) The Municipal Council may, without a public hearing, enact an ordinance establishing temporary zoning regulations prohibiting construction, subdivision approval and other development activities within an area that is the subject of an Environmental Impact Statement or a Major Investment Study examining the area as a proposed highway or transportation corridor. Said temporary regulations may be renewed at the request of the Utah Transportation Commission for up to two (2) additional six (6) month periods by an ordinance enacted prior to the expiration of the previous temporary regulation, provided that such regulations shall be in effect only as long as the Environmental Impact Statement or Major Investment Study is in progress.

(5) Temporary zoning regulations shall not exceed six (6) months in duration.