Agenda Item Title:
98TD013 - Resolution to Dissolve Tax Increment District No. 29
Origination Group:
Planning Commission
Origination Meeting Date:
11/21/2018
Stage 2 Group Name:
Legal & Finance Committee
Stage 2 Meeting Date:
11/28/2018
City Council Hearing Date:
12/03/2018
Petitioner:
City of Rapid City
Staff Contact:
Patsy Horton, Long Range Planning Manager
Location:
Southwest of the intersection of North Plaza Drive and Fountain Plaza Drive
Agenda Item Summary:
The resolution creating Tax Increment District No. 29 and Project Plan for Tax Increment District No. 29 was approved by the City Council on October 5, 1998. As of October, this District has reached its 20 year maximum lifetime allowed in State Law and must be dissolved.
Funding Source & Fiscal Impact (if applicable):
| Funding | Cost Center |
|---|---|
Recommendations:
Origination Recommendation Action:
Approve
Origination Recommendation Notes:
Planning Commission recommended Approval: 11/21/2018; Legal and Finance Committee approved: 11/28/2018
City Council Recommendation Action:
Approve
City Council Recommendation Notes:
City Council approved: 12/3/2018