Posted: May 03, 2021
Rapid City
Agenda Item Summary

Agenda Item Ref. #: 03TI005 - TID No. 40 South Creek Village

Agenda Item Title:

03TI005 - Resolution Creating a Tax Increment Financing District #40

Origination Group:
Planning Commission
Origination Meeting Date:
City Council Hearing Date:
City of Rapid City
Staff Contact:
Sarah Hanzel, Long Range Planner III
West of South Highway 79 and north of East Fairmont Boulevard
Agenda Item Summary:
The Rapid City Council approved the resolution creating Tax Increment District #40 and its Project Plan on May 19, 2003. The District was created to assist the development of South Creek Village Affordable Housing Development, a 72-unit cottage style, low-income housing development located west of S. Highway 79 and north of E. Fairmont Boulevard. All eligible expenditures have been certified and paid in accordance with the adopted Project Plan. In accordance with SDCL 11-9-46, the City is required to officially dissolve this Tax Increment District.

Funding Source & Fiscal Impact (if applicable):

Funding Cost Center


Origination Recommendation Action:
Origination Recommendation Notes:
Planning Commission recommended to approve: 4/22/2021
City Council Recommendation Action:
City Council Recommendation Notes:
City Council approved: 5/3/2021

Login Form