Posted: November 02, 2022
Rapid City
Agenda Item Summary

Agenda Item Ref. #: LF110222-03 - Authorize the Mayor and Interim Finance Director to sign the FY22 CB Rapid City Housing Limited Partnership Assignee Contract and Covenants

Agenda Item Title:

LF110222-03 - Authorize the Mayor and Interim Finance Director to sign the FY22 CB Rapid City Housing Limited Partnership Assignee Contract and Covenants

Origination Group:
Legal & Finance Committee
Origination Meeting Date:
11/02/2022
Petitioner:
Community Enrichment Division (Formerly CDBG Program Division)
Staff Contact:
Michelle Schuelke, Community Enrichment Division Manager
Agenda Item Summary:
Staff is seeking City Council approval for the Mayor and Interim Finance Director to sign two copies of the FY22 Community Development Block Grant Assignee Contract and one copy of the Indenture of Restrictive Covenants for CB Rapid City Housing Limited Partnership.

Funding Source & Fiscal Impact (if applicable):

Funding Cost Center

Recommendations:

Origination Recommendation Action:
Approve

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