*** THE VISION FUND CITIZEN COMMITTEE IS CURRENTLY INACTIVE. THE LAST ROUND OF VISION FUNDS SPANNED THE 2019-2022 ALLOCATION TIME FRAME. THE CITY WILL ISSUE A PRESS RELEASE WHEN THE TIME COMES TO OPEN UP THE NEXT ROUND OF VISION FUNDS, SOLICIT FOR PROJECT APPLICATIONS, AND APPOINT A NEW COMMITTEE. THIS WEBPAGE WILL BE UPDATED AS NEW INFORMATION BECOMES AVAILABLE.***
The City Council shall by resolution adopt a plan for projects or programs to be funded, in whole or in part, from the Vision Account. No portion of the Vision Account shall be used to fund any project or program not included in the plan. All projects included in the plan shall be located within the City Limits of Rapid City or benefit the City as a whole.
The City Council may use the Vision Account to finance buildings, facilities, infrastructure or other capital projects, but may not use the Vision Account to finance ongoing maintenance and operational expenses of the various City departments, or of any buildings and/or facilities included in the plan. The City Council shall be authorized to issue revenue bonds to be paid from the Fund in order to finance the projects contained in the plan. The Vision Account may be used to fund the operational expenses of economic development projects or programs.
A 2016 ordinance revision removed the 5-year plan stipulation and sets forth each new plan-period be left to the discretion of the Council to be set prior to solicitation of projects.
On August 6, 2018, Council authorized the solicitation of potential projects from the public for the next round of projects to be funded out of the vision account, providing an anticipated $6-million made available annually, and setting a three-year project period. This motion authorized the allocation of the remainder of the vision funds, not needed for debt service for the arena project, to be considered for use in next round of projects to be funded from the Vision Account taking both community and city projects into consideration.
NUMBER OF MEMBERS
9 voting members
Committee members must be citizens of Rapid City.
SUMMARY OF DUTIES
The purpose of the Vision Fund Citizen Committe is to accept and take comments on potential community Vision Account projects for recommendation to City Council in support of projects that accomplish the City’s long-term goals and values. 3.16.090B.2.
CITIZEN COMMITTEE MEMBERSHIP
The Citizen Committee will invite all applicants to present their projects at a public hearing for the purpose of taking comment on and discussing each project proposal.
CITIZEN COMMITTEE RECOMMENDATIONS
The Citizen Committee will present final recommendations to the City Council in support of community projects that best align with the City's long term goals and values.
The Mayor and a City leadership team will present a list of City projects for consideration to Council at this same meeting. The Council will then take both City and community projects into consideration as they assess the needs of the City, and will take all funds and projects being undertaken to ensure that Vision Funds are allocated towards projects that best accomplish the City's long term goals and priorities.
Please contact the Mayor's Office if you have questions we can assist with.
300 Sixth Street
Rapid City, SD 57701
ITEMS FROM PREVIOUS VISION FUND ROUNDS
Public Hearings held December 18, 2018
ADDITIONAL RELATED INFORMATION