Agenda Item Title:
Authorize Mayor & Finance Officer to sign Electric Cooperative Agreement with West River Electric Association and Black Hills Electric Cooperative for FY2019
Origination Group:
Legal & Finance Committee
Origination Meeting Date:
03/28/2018
City Council Hearing Date:
04/02/2018
Staff Contact:
Pauline Sumption
Agenda Item Summary:
This request comes annually to lower their gross receipts tax from the maximum of 2%. For 2019, 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 $131,500 for 2019 | |
Recommendations:
Origination Recommendation Action:
Approve