Posted: October 28, 2020
Rapid City
Agenda Item Summary

Agenda Item Ref. #: LF102820 10

Agenda Item Title:

Authorize the Mayor and Finance Director to Sign the Assignment Agreement with Sentinel Federal Credit Union for the Contract for Construction of Public Improvements by Private Developer for the Homestead Street Tax Increment District

Origination Group:
Legal & Finance Committee
Origination Meeting Date:
10/28/2020
City Council Hearing Date:
11/02/2020
Staff Contact:
Joel Landeen, City Attorney
Agenda Item Summary:
Tax Increment District #83 and the project plan were approved by City Council at its October 19th, 2020 meeting. This is the standard assignment agreement for the TID.

Funding Source & Fiscal Impact (if applicable):

Funding Cost Center

Recommendations:

Origination Recommendation Action:
Approve

Attachments & Links to Download:

pdf LF102820 10 Assignment Agreement (135 KB)

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