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.