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Posted: March 07, 2019
Rapid City
Agenda Item Summary

Agenda Item Ref. #: LF031319 02

Agenda Item Title:

Authorize Mayor and Finance Officer to sign Electric Cooperative Agreement with West River Electric Association and Black Hills Electric Cooperative for FY2020

Origination Group:
Legal & Finance Committee
Origination Meeting Date:
03/13/2019
City Council Hearing Date:
03/18/2019
Staff Contact:
Pauline Sumption
Agenda Item Summary:
This request comes annually to lower their gross receipts tax from the maximum of 2%. For 2020, they are requesting that they pay 1%, which is consistent to past years.

Funding Source & Fiscal Impact (if applicable):

Funding Cost Center
General Fund Revenue Source – projected to be $147,592 for 2020

Recommendations:

Origination Recommendation Action:
Approve

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