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Posted: January 03, 2025
Rapid City
Agenda Item Summary

Agenda Item Ref. #: CC010625-02.1 Approve Resolution 2024-107 Amending the Five-Year Plan of Projects and Programs

Agenda Item Title:

Resolution 2024-107, A RESOLUTION AMENDING THE FIVE-YEAR PLAN OF PROJECTS AND PROGRAMS TO BE FUNDED FROM THE VISION ACCOUNT OF THE CITY OF RAPID CITY’S CAPITAL IMPROVEMENTS AND VISION FUND AND ESTABLISHING THE ALLOCATION OF FUNDS BETWEEN THE FUNDING PRIORITIES INCLUDED IN THE PLAN.

Origination Group:
City Council
Origination Meeting Date:
01/06/2025
Staff Contact:
Daniel Ainslie
Agenda Item Summary:
On November 18, 2024 the City Council approved Resolution No. 2024-092. This resolution established a five-year plan for allocating money in the City’s Vision Account from 2025 through 2029. The plan allocated money to fund projects or programs in three primary areas: Community Projects, Economic Development, and Civic Improvements. During the process of adopting a resolution for how monies previously allocated within the plan to the line item for “Citizen Projects,” the City Council decided to increase the amount allocated to this line item. This resolution updates the previously adopted plan to increase the amount of money being allocated to "Citizen Projects" from $5 million dollars to $12 million dollars. The additional money being allocated to “Citizen Projects” will come from a reduction of $3 million in the line item for the “Strategic Growth Fund” and a $4 million reduction in the line item for “Comprehensive Plan Improvements.”

Funding Source & Fiscal Impact (if applicable):

Funding Cost Center

Recommendations:

Origination Recommendation Action:
Approve

Attachments & Links to Download:

pdf Res 2024-107

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