Posted: May 31, 2017
Rapid City
Agenda Item Summary

Agenda Item Ref. #: 17TI001 - Rainbow Ridge Subdivision - Timeline

Origination Group:
Planning Commission

Funding Source & Fiscal Impact (if applicable):

Funding Cost Center

Recommendations:

Attachments & Links to Download:

  • April 4, 2004 – Council approves 04PL014 – pdf Rainbow Ridge Layout Plat (184 KB) identifying Alma Street as the road connection leading to the reservoir / tower
  • October 3, 2005 – Council approves Resolution Creating Tax Increment District No. 54
  • April 5, 2010 -   pdf Amended Agreement (212 KB) between City and DTH to allow for acceptance of public improvements before the completion of sidewalks for Rainbow Ridge Subdivision
  • June 5, 2010 – Interest rate on TID loan is 9%
  • April 21, 2011 – Interest rate on TID loan is 9%
  • March 1, 2012 –   pdf Email string (74 KB) in which Mr. Estes indicates the only items left to certify as the water main and the grading over the water mains; also acknowledging that P Sumption had suggested that they start the process for reallocation of costs due to change orders due to “adverse conditions”
  • January 9, 2013 – Interest rate on TID loan is 7%
  • May 15, 2017 –   pdf Email (89 KB) from Todd Eddy showing interest history on these TID loans

 

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