Posted: October 09, 2020
Rapid City
Agenda Item Summary

Agenda Item Ref. #: PW101320-03

Agenda Item Title:

Authorize Public Works Director to Accept and Record Deed for Transfer of Floodway Property from the Estate of Carl Schuler, Jr. to the City of Rapid City, With a Purchase Price of $11,500.

Origination Group:
Public Works Committee
Origination Meeting Date:
10/13/2020
City Council Hearing Date:
10/19/2020
Staff Contact:
Brandon Quiett
Location:
Melody Ln and Elk Vale Rd
Agenda Item Summary:
The subject property is entirely encompassed in floodway, making development potential very unlikely. The City has a Floodplain Policy which states that the City shall evaluate floodplain property for purchase whenever possible. The purchase price is $11,500.00.

Funding Source & Fiscal Impact (if applicable):

Funding Cost Center
609 7403
Is Funding Budgeted?:
Budgeted

Recommendations:

Origination Recommendation Action:
Approve

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