Posted: August 17, 2020
Rapid City
Agenda Item Summary

Agenda Item Ref. #: 17TI002 - Village on Monroe

Agenda Item Title:

17TI002 - Resolution Dissolving the Tax Increment District No. 79

Origination Group:
Planning Commission
Origination Meeting Date:
Stage 2 Group Name:
Legal & Finance Committee
Stage 2 Meeting Date:
City Council Hearing Date:
City of Rapid City
Staff Contact:
Sarah Hanzel, Long Range Planner III
612 Dilger Avenue
Agenda Item Summary:
City Council approved the resolution approving the Tax Increment District #79 Project Plan on June 12, 2017. The District was created to create affordable workforce housing by developing 5 townhome units on the southeast quadrant of Dilger Avenue and Monroe Street. This district is being dissolved at the request of the project developer. Other funds were secured, so the tax increment financing was not needed for this project.

Funding Source & Fiscal Impact (if applicable):

Funding Cost Center


Origination Recommendation Action:
Origination Recommendation Notes:
Planning Commission approved: 8/6/2020; Legal and Finance Committee approved: 8/12/2020
City Council Recommendation Action:
City Council Recommendation Notes:
City Council approved: 8/17/2020

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