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Posted: July 28, 2017
Rapid City
Agenda Item Summary

Agenda Item Ref. #: LF080217-12

Agenda Item Title:

Approve Resolution No. 2017-069 a Resolution Authorizing the Finance Officer to Reimburse the South Dakota School of Mines & Technology Out of the City's Vision Account for a Portion of the Costs Associated with Improvements to O'Harra Stadium

Origination Group:
Legal & Finance Committee
Origination Meeting Date:
08/02/2017
City Council Hearing Date:
08/07/2017
Petitioner:
SDSM&T
Staff Contact:
Joel Landeen, City Attorney
Agenda Item Summary:
The SDSM&T made a request for Vision Funds to help fund renovations to O’Harra Stadium. In addition to SDSM&T athletics, the stadium is widely used by other community organizations such as the Rapid City Area Schools and St. Thomas Moore High School. The stadium also hosts the state track meet when it is held in Rapid City. The City’s Vision Committee recommended that this project receive $1,897,604 of Vision funds in 2017. On December 5, 2016 the City Council ratified the committee recommendation. The SDSM&T has already commenced the project.

Funding Source & Fiscal Impact (if applicable):

Funding Cost Center
The funding source is the Vision account. There are sufficient monies within the account to fully fund the project.

Recommendations:

Origination Recommendation Action:
Approve