Agenda Item Title:
Authorize Mayor & Finance Officer to sign Electric Cooperative Agreement with West River Electric Association and Black Hills Electric Cooperative for FY2021
Origination Group:
Legal & Finance Committee
Origination Meeting Date:
03/11/2020
City Council Hearing Date:
03/16/2020
Staff Contact:
Pauline Sumption
Agenda Item Summary:
This request comes annually to lower their gross receipts tax from the maximum of 2%. For 2021, 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 $147,592 for 2021 | |
Recommendations:
Origination Recommendation Action:
Approve