Posted: May 06, 2022
Rapid City
Agenda Item Summary

Agenda Item Ref. #: LF051122 11

Agenda Item Title:

Authorize the Mayor and Finance Director to Sign Loan Documentation with Black Hills Community Bank for Solid Waste to Purchase a Grinder in the Amount of $895,000.00

Origination Group:
Legal & Finance Committee
Origination Meeting Date:
05/11/2022
City Council Hearing Date:
05/16/2022
Staff Contact:
Tracy Davis
Agenda Item Summary:
Solid Waste is a purchasing a Komptech Terminator 6000S grinder through Sourcewell and needs a loan to cover the costs. This loan is for 10 years at 3.8% interest.

Funding Source & Fiscal Impact (if applicable):

Funding Cost Center

Recommendations:

Origination Recommendation Action:
Approve

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