Posted: September 16, 2020
Rapid City
Agenda Item Summary

Agenda Item Ref. #: LF091620-0808 – Authorized the Mayor and Finance Officer to Sign Community Development Block Grant/Neighborhood Lift Contract for Black Hills Area Habitat for Humanity and Indenture of Restrictive Covenants, Quit Claim Deed, Mortgage, Promissory Note

Agenda Item Title:

LF091620-08 – Authorized the Mayor and Finance Officer to Sign Community Development Block Grant/Neighborhood Lift Contract for Black Hills Area Habitat for Humanity and Indenture of Restrictive Covenants, Quit Claim Deed, Mortgage, Promissory Note and Associated Documents

Origination Group:
Legal & Finance Committee
Origination Meeting Date:
09/16/2020
City Council Hearing Date:
09/21/2020
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 Area Habitat for Humanity 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 627 St. Cloud Street to Black Hills Area Habitat for Humanity and the FY20 CDBG.

Funding Source & Fiscal Impact (if applicable):

Funding Cost Center

Recommendations:

Origination Recommendation Action:
Approve

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