Posted: November 03, 2021
Rapid City
Agenda Item Summary

Agenda Item Ref. #: LF111021 06

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:
City Council Hearing Date:
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


Origination Recommendation Action:

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