Posted: August 09, 2019
Rapid City
Agenda Item Summary

Agenda Item Ref. #: LF081419 08

Agenda Item Title:

Authorize Mayor and Finance Officer to Sign Agreement Between the City of Rapid City and Yasmeen Dream, LLC, for Construction of Drainage Channel on Johnson Ranch Property

Origination Group:
Legal & Finance Committee
Origination Meeting Date:
08/14/2019
City Council Hearing Date:
08/19/2019
Staff Contact:
Wade Nyberg, Deputy City Attorney, Dale Tech Public Works Director
Agenda Item Summary:
This is an agreement for construction of a regional drainage channel on the Johnson Ranch property, which is located near the intersection of Omaha and Elk Vale Road. The Developer, Yasmeen Dream, LLC, will be designing and bidding the project, and the City will be reimbursing the Developer with CIP funds. The CIP funds are programmed, and this agreement sets out the particulars of how the project will proceed. Additionally, the City will be purchasing the property on which the regional drainage channel will be constructed with a portion of the CIP funds.

Funding Source & Fiscal Impact (if applicable):

Funding Cost Center

Recommendations:

Origination Recommendation Action:
Approve

Login Form