Posted: February 07, 2025
Rapid City
Agenda Item Summary

Agenda Item Ref. #: LF021225-11

Agenda Item Title:

Ordinance No. 6654, an Ordinance Amending Rapid City Municipal Code Section 3.26 regarding the Tax Increment Financing District Review Process

Origination Group:
Legal & Finance Committee
Origination Meeting Date:
02/12/2025
City Council Hearing Date:
02/18/2025
City Council First Reading Date:
02/18/2025
City Council Second Reading Date:
03/03/2025
Petitioner:
City of Rapid City
Staff Contact:
Mike Dugan
Location:
Council Chambers
Agenda Item Summary:
The City Council acknowledged the revised tax increment financing policy on 01/21/2025. This ordinance amendment will reflect the revisions made to the policy. The ordinance amendment was brought forward by the Finance Office and reviewed by the City Attorney’s Office.

Funding Source & Fiscal Impact (if applicable):

Funding Cost Center

Recommendations:

Origination Recommendation Action:
Approve
City Council Recommendation Action:
Approve
City Council Recommendation Notes:
First reading on February 18, 2025.

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