Posted: September 08, 2020
Rapid City
Agenda Item Summary

Agenda Item Ref. #: LF091620 07

Agenda Item Title:

Authorize the Mayor and Finance Officer to Sign Loan Documentation with Black Hills Community Bank for Executive Golf Division Equipment

Origination Group:
Legal & Finance Committee
Origination Meeting Date:
09/16/2020
City Council Hearing Date:
09/21/2020
Staff Contact:
Tracy Davis
Agenda Item Summary:
This represents a financing package for 3 mowers and 1 Workman HDX vehicles for the Executive Golf Course. Total financing is $145,000.

Funding Source & Fiscal Impact (if applicable):

Funding Cost Center
Executive Golf Development Fund (Fund 0732) through monthly payments for 5 years.

Recommendations:

Origination Recommendation Action:
Approve

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