Posted: April 06, 2020
Rapid City
Agenda Item Summary

Agenda Item Ref. #: 20TI002 - Section 3, T1N, R8E

Agenda Item Title:

20TI002 - Resolution to approve TID No. 68 Project Plan Amendment #1 to reallocate project plan costs

Origination Group:
Planning Commission
Origination Meeting Date:
City Council Hearing Date:
City Council First Reading Date:
City of Rapid City
Staff Contact:
Patsy Horton, Long Range Planning Manager
Eastern terminus of Homestead Street
Agenda Item Summary:
The Project Plan for Tax Increment District #68 was approved on April 21, 2008, and was created to provide funding for drainage / storm sewer oversizing, to grade Detention Cell #101 within the County Heights Drainage Basing Design Plan, and to extend Homestead Street 75 feet for road connections within the Homestead Subdivision associated with property owned by the Rapid City Area School District. The City of Rapid City participated in this proposal in order to install a 16” water main in Homestead Street as part of the long-term project to provide water service to the Airport, along with engineering and necessary and convenient costs. Amendment #1 proposes to reallocate City expenditures to match certified costs, and authorize repayment of those costs associated with acquiring a water main easement for the water transmission main

Funding Source & Fiscal Impact (if applicable):

Funding Cost Center


Origination Recommendation Action:
Origination Recommendation Notes:
Planning Commission recommended to approve: 3/5/2020; Legal Finance recommended to approve: 4/1/2020
City Council Recommendation Action:
City Council Recommendation Notes:
City Council approved: 4/6/2020

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