Agenda Item Title:
RESOLUTION 2018-020 - A RESOLUTION RELATING TO RUSHMORE PLAZA CIVIC CENTER; AUTHORIZING THE ISSUANCE OF SALES TAX REVENUE BONDS AND LEASE CERTIFICATES OF PARTICIPATION IN AN AMOUNT NOT TO EXCEED $110,000,000 IN CONSTRUCTION COSTS; AUTHORIZING OFFICERS OF THE CITY TO APPROVE, EXECUTE AND DELIVER CERTAIN AGREEMENTS AND DOCUMENTS RELATING TO THE OBLIGATIONS
Origination Group:
City Council
Origination Meeting Date:
02/26/2018
Staff Contact:
Pauline Sumption
Agenda Item Summary:
This would authorize the financing of $110mm in construction costs to build a new arena at the Rushmore Plaza Civic Center
Funding Source & Fiscal Impact (if applicable):
| Funding | Cost Center |
|---|---|
Funding Source & Fiscal Impact Notes:
Repayment would be made from the Vision Fund