Agenda Item Title:
Authorize the Mayor and Finance Director to Sign the Contract for Construction of Public Improvements by Private Developer for Tax Increment District Number Eighty-One between Park Hill Development, Inc. and City of Rapid City
Origination Group:
Legal & Finance Committee
Origination Meeting Date:
02/16/2022
City Council Hearing Date:
02/22/2022
Staff Contact:
Kinsley Groote, Assistant City Attorney
Agenda Item Summary:
Tax Increment District #81 and the project plan were approved by City Council at its April 15, 2019 meeting. This is the standard development agreement that follows.
Funding Source & Fiscal Impact (if applicable):
| Funding | Cost Center |
|---|---|
Recommendations:
Origination Recommendation Action:
Approve