Agenda Item Title:
Authorize Mayor and Finance Officer to Sign Resolution 2017-075, A Resolution of Intent to Enter into a Lease of Property with Black Hills Visitor Information Center Development Corporation Pursuant to SDCL 9-12-5.2
Origination Group:
Legal & Finance Committee
Origination Meeting Date:
08/16/2017
City Council Hearing Date:
08/21/2017
Staff Contact:
Wade Nyberg
Agenda Item Summary:
Black Hills Visitor Information Center Development Corporation d/ba Black Hills and Badlands Tourism Association, currently leases what is commonly known as the Visitor Information Center at 1851 Discovery Circle. The current lease’s 20-year term is set to expire at the end of the year. A new lease has been negotiated, and upon publication of this resolution, a public hearing will be held at the 9/5/2017 City Council meeting, after which the lease may be approved.
Funding Source & Fiscal Impact (if applicable):
Funding | Cost Center |
---|---|
No fiscal impact is expected. | |
Recommendations:
Origination Recommendation Action:
Approve