Posted: November 23, 2020
Rapid City
Agenda Item Summary

Agenda Item Ref. #: WS120220 23

Agenda Item Title:

Authorize Mayor & Finance Director to sign Life Safety Loan Agreement with Every Child is Special, LLC in an amount not to exceed $75,244.00

Origination Group:
City Council Working Session
Origination Meeting Date:
City Council Hearing Date:
Staff Contact:
Pauline Sumption, Finance Director
Agenda Item Summary:
This is a life safety loan to Every Child is Special, LLC for a sprinkler system in their daycare, located at 4703 S Canyon Dr. There are sufficient monies in the fund to approve this request and a Letter of Credit has been received to guarantee the payments.

Funding Source & Fiscal Impact (if applicable):

Funding Cost Center


Origination Recommendation Action:

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