Posted: March 09, 2017
Rapid City
Agenda Item Summary

Agenda Item Ref. #: LF031517-04

Agenda Item Title:

Authorize Mayor & Finance Officer to sign Electric Cooperative Agreement with West River Electric Association and Black Hills Electric Cooperative for FY2018

Origination Group:
Legal & Finance Committee
Origination Meeting Date:
03/15/2017
City Council Hearing Date:
03/20/2017
Staff Contact:
Pauline Sumption
Agenda Item Summary:
This request comes annually to lower their gross receipts tax from the maximum of 2%. For 2018, they are requesting that they pay 1%, which is consistent to past years.

Funding Source & Fiscal Impact (if applicable):

Funding Cost Center
General Fund Revenue Source – projected to be $116,000 for 2018

Recommendations:

Origination Recommendation Action:
Approve

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