Agenda Item Title:
Request the Council to Approve a Three Year Plan for the Next Round of Projects to be Funded out of the Vision Account and Authorize the Solicitation of Potential Projects from the Public.
Origination Group:
Legal & Finance Committee
Origination Meeting Date:
08/01/2018
City Council Hearing Date:
08/06/2018
Petitioner:
Mayor Steve Allender
Staff Contact:
Lindsey Seachris
Agenda Item Summary:
This request is for authorization to open up the Vision process for half of the expected annual Vision Funds for a three-year project plan duration. It is recommended to authorize up to 50% of the annual projected vision fund revenue beginning in 2018 and continuing indefinitely, leaving the other 50% for debt payment relative to the new Rushmore Plaza Civic Center Arena.
Funding Source & Fiscal Impact (if applicable):
| Funding | Cost Center |
|---|---|
| Vision Fund | |
Recommendations:
Origination Recommendation Action:
Approve