Posted: July 28, 2023
Rapid City
Agenda Item Summary

Agenda Item Ref. #: LF080223-17

Agenda Item Title:

Authorize Staff to Submit an Application and Authorize Mayor to Sign Resolution No. 2023-072 a Resolution in Support of the City of Rapid City’s Application to the SD Housing Infrastructure Financing Program for the 143rd & Country Road Project

Origination Group:
Legal & Finance Committee
Origination Meeting Date:
08/02/2023
City Council Hearing Date:
08/07/2023
Petitioner:
Grants Division
Staff Contact:
Jamie Toennies
Agenda Item Summary:
This represents a public/private collaborative effort to address the housing needs of our community by applying for funding from SD Housing’s Housing Infrastructure Financing Program. City staff have vetted the project and are in support of this resolution.

Funding Source & Fiscal Impact (if applicable):

Funding Cost Center
Grant-ARPA 1020-0116
CIP-Streets 5050-8910
Sanitary Sewer -- Expansion 6040-0834
Sanitary Sewer -- Replacements/Improvements 6040-0833
Funding Source & Fiscal Impact Notes:
Fiscal impact: The SD Housing grant will cover up to 1/3rd of the project cost. The remaining funding will come from the general fund, CIP, and TIFs.

Recommendations:

Origination Recommendation Action:
Approve

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