Posted: February 09, 2024
Rapid City
Agenda Item Summary

Agenda Item Ref. #: LF021424-11

Agenda Item Title:

Approve Resolution 2024-002 A Resolution to Declare One Property Located on Sheridan Lake Road Surplus and to Appoint a Board of Freeholders to Appraise the Value of Two Surplus Properties

Origination Group:
Legal & Finance Committee
Origination Meeting Date:
02/14/2024
City Council Hearing Date:
02/20/2024
Staff Contact:
Carla Cushman/Justin Williams
Location:
Council Chambers
Agenda Item Summary:
This resolution concerns two properties. First, it declares as surplus certain property that was originally acquired in 2003 as right of way near the corner of Sheridan Lake Road and Catron Boulevard. A portion of that right-of-way is no longer needed by the City for any purpose and has since been platted off into Lot A of Lot H3. The resolution would also appoint a board of three real property owners in the City as the board of freeholders to appraise the value of such property, in accordance with SDCL 6-13-2. Finally, the resolution authorizes the Mayor and Finance Director to take action necessary to dispose of the property in accordance with the surplus statutes in SDCL Chapter 6-13.

The second property affected by this resolution is along Chapel Lane and was declared surplus in 2015, but no further action was taken at that time to dispose of it. Resolution 2024-002 would appoint the same three freeholders to appraise the value of the Chapel Lane property and would authorize the Mayor and Finance Officer to take action necessary to dispose of this surplus property.

Funding Source & Fiscal Impact (if applicable):

Funding Cost Center

Recommendations:

Origination Recommendation Action:
Approve

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