Posted: October 26, 2018
Rapid City
Agenda Item Summary

Agenda Item Ref. #: PW103018-17

Agenda Item Title:

Approve Lease Agreement between the City of Rapid City and Black Hills Soccer Federation, Inc.

Origination Group:
Public Works Committee
Origination Meeting Date:
10/30/2018
City Council Hearing Date:
11/05/2018
Petitioner:
City of Rapid City
Staff Contact:
Jeff Biegler, DIrector
Agenda Item Summary:
This Lease Agreement covers 40 acres currently in use by the soccer organization located on Elk Vale Road and an additional 40 acres adjacent to the west. The term of the lease is from May 21, 2018 to May 31, 2028. Per the proposed lease agreement, BHSF will have exclusive right to enter into a lease with the City for one additional ten year term under terms and conditions mutually agreed to by the parties at the time of renewal.

Funding Source & Fiscal Impact (if applicable):

Funding Cost Center

Recommendations:

Origination Recommendation Action:
Approve

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