Agenda Item Title:
Authorize Mayor and Finance Director to Sign First Amendment to Contract for Private Development Tax Increment District Number Forty-Seven between Skyline Pines East, LLLP and the City of Rapid City, South Dakota
Origination Group:
Legal & Finance Committee
Origination Meeting Date:
11/10/2021
City Council Hearing Date:
11/15/2021
Staff Contact:
Kinsley Groote, Assistant City Attorney; Pauline Sumption, Finance Director
Agenda Item Summary:
This Agreement between the Council and the Developer incorporates the reallocated project costs approved in Project Plan Revisions #1, #2, and #3 and allows for payment of those final project costs. Project Plan Revision #3 was approved by Resolution 2021-084.
Funding Source & Fiscal Impact (if applicable):
| Funding | Cost Center |
|---|---|
Recommendations:
Origination Recommendation Action:
Approve