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Posted: January 28, 2020
Rapid City
Agenda Item Summary

Agenda Item Ref. #: 20TIF001 - Request to amend a tax increment district project plan

Agenda Item Title:

20TIF001 - Request to amend a tax increment district project plan

Origination Group:
TIF District Review Committee
Origination Meeting Date:
02/04/2020
Stage 2 Group Name:
Planning Commission
Petitioner:
Yasmeen Dream LLC
Staff Contact:
Patsy Horton
Location:
Southeast Quadrant of Elk Vale Road and SD Highway 44
Agenda Item Summary:
Tax Increment District #78 was approved in 2016 and provided funding to realign a portion of the Unnamed Tributary Channel and construct Element #8 identified in the Unnamed Tributary Drainage Basin Design Plan. Amendment #1 reallocated expenditures and added a project plan line item in order to construct a 15” gravity sewer main in order to maximize development potential of the undeveloped property located within Orchard Meadows. Amendment #2 changes the 15” gravity sewer main to a sewer lift station.

Funding Source & Fiscal Impact (if applicable):

Funding Cost Center

Recommendations: