Agenda Item Title:
Authorize Mayor and Finance Director to enter into Amended Agreement Between the City of Rapid City and Fox L.L.C. for Oversize Water Main Cost Reimbursement to add provision allowing the developer to assign the agreement to another developer under certain circumstances
Origination Group:
Legal & Finance Committee
Origination Meeting Date:
02/16/2022
City Council Hearing Date:
02/22/2022
Staff Contact:
Justin Williams, Assistant City Attorney
Agenda Item Summary:
The Developer of the original agreement is seeking to sell the property to another developer and requested we amend the Agreement to allow it to be assigned upon consent of the City Public Works Director.
Funding Source & Fiscal Impact (if applicable):
| Funding | Cost Center |
|---|---|
Recommendations:
Origination Recommendation Action:
Approve