Posted: January 10, 2025
Rapid City
Agenda Item Summary

Agenda Item Ref. #: LF011525-14

Agenda Item Title:

Presentation by Mike Dugan TIF Planner to Acknowledge Revised Draft Tax Increment Financing Policy

Origination Group:
Legal & Finance Committee
Origination Meeting Date:
01/15/2025
City Council Hearing Date:
01/21/2025
Staff Contact:
Mike Dugan
Location:
Council Chambers
Agenda Item Summary:
The tax increment financing policy is currently being revised. It is in draft form for acknowledgment. Once the policy revisions have been acknowledged by City Council, changes to the tax increment financing ordinances will be brought forward for approval in February. The final revised version of the tax increment financing policy will also be brought forward for approval.

Funding Source & Fiscal Impact (if applicable):

Funding Cost Center

Recommendations:

Origination Recommendation Action:
Acknowledge

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