Posted: July 01, 2020
Rapid City
Agenda Item Summary

Agenda Item Ref. #: LF070120-08 - Authorize the Mayor and Finance Officer to sign the FY20 Community Development Block Grant/Neighborhood Lift Contract for Black Hills Works, Inc., and Indenture of Restrictive Covenants, Quit Claim Deed, Mortgage, Promissory Note and a

Agenda Item Title:

LF070120-08 - Authorize the Mayor and Finance Officer to sign the FY20 Community Development Block Grant/Neighborhood Lift Contract for Black Hills Works, Inc., and Indenture of Restrictive Covenants, Quit Claim Deed, Mortgage, Promissory Note and associated documents.

Origination Group:
Legal & Finance Committee
Origination Meeting Date:
07/01/2020
City Council Hearing Date:
07/06/2020
Petitioner:
CDBG Program Division
Staff Contact:
Michelle Schuelke, CDBG Division Manager
Agenda Item Summary:
Staff is seeking City Council authorization and approval for Mayor and Finance Officer to sign the Black Hills Works, Inc. FY20/Neighborhood Lift Contract (2 copies), Mortgage, Promissory Note, Indentures of Restrictive Covenants (2 copies), Quit Claim Deed, and other necessary documents related to the transfer of 248 Curtis Street to Black Hills Works, Inc. and the FY20 CDBG award of $150,000.00 to develop a group home for persons with disabilities.

Funding Source & Fiscal Impact (if applicable):

Funding Cost Center
Funding Source & Fiscal Impact Notes:
FY20 CDBG Funds

Recommendations:

Origination Recommendation Action:
Approve

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