Posted: April 26, 2019
Rapid City
Agenda Item Summary

Agenda Item Ref. #: PW043019-22

Agenda Item Title:

Authorize Mayor and Finance Officer to Sign an Agreement between City of Rapid City and Yasmeen Dream, LLC for negotiated reimbursement in the amount of $184,725.00 of stormwater detention improvements in North Valley Park development.

Origination Group:
Public Works Committee
Origination Meeting Date:
04/30/2019
City Council Hearing Date:
05/06/2019
Petitioner:
KTM Design Solutions, on Behalf of Yasmeen Dream, LLC
Staff Contact:
Dale Tech
Location:
North Valley Park subdivision
Agenda Item Summary:
Yasmeen Dream, LLC, via KTM Design Solutions, is requesting that the City provide reimbursement improvements for infrastructure improvements located with the North Valley Park Subdivision. The Public Works department has negotitiated an agreement.

Funding Source & Fiscal Impact (if applicable):

Funding Cost Center
Is Funding Budgeted?:
Not Budgeted

Recommendations:

Origination Recommendation Action:
Approve
Origination Recommendation Notes:
Action: Approve Notes: The City has offered reimbursement for a reasonable portion of the detention pond improvements based on actual costs, base flow and benefiting area, as determined by City Staff. The City has been able to negotiate a mutually agreeable reimbursement amount.

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