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Posted: August 09, 2019
Rapid City
Agenda Item Summary

Agenda Item Ref. #: LF081419 03

Agenda Item Title:

Second Reading and Recommendation of Ordinance No. 6351 An Ordinance to Amend Chapter 3.22 of the Rapid City Municipal Code Concerning The Opportunity Capture Fund Oversight Board

Origination Group:
Legal & Finance Committee
Origination Meeting Date:
08/14/2019
City Council First Reading Date:
08/19/2019
City Council Second Reading Date:
09/03/2019
Staff Contact:
Pauline Sumption, Finance Officer
Agenda Item Summary:
RCMC Chapter 3.22 concerns the Opportunity Capture Oversight Board, which oversees the administration of the Opportunity Capture Fund. In the past, this fund has been administered by the Rapid City Economic Development Corporation. That entity has now become Elevate Rapid City, and the ordinance is being amended to reflect that change.

Funding Source & Fiscal Impact (if applicable):

Funding Cost Center

Recommendations:

Origination Recommendation Action:
Approve

Attachments & Links to Download:

pdf LF081419 03 Ordinance No. 6351

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