Posted: August 22, 2025
Rapid City
Agenda Item Summary

Agenda Item Ref. #: LF082725-02

Agenda Item Title:

Approve Memorandum of Understanding with Elevate Regarding the Opportunity Capture Fund

Origination Group:
Legal & Finance Committee
Origination Meeting Date:
08/27/2025
City Council Hearing Date:
09/02/2025
Staff Contact:
Daniel Ainslie, Finance Director
Location:
Council Chambers
Agenda Item Summary:
During the August 4, 2025 City Council meeting, the Council authorized a disbursement from the Opportunity Capture Fund of $300,000. The attached MOU will effectuate that disbursement and corresponds to the terms included within the Opportunity Capture Fund’s recommendation that the Council approved on August 4, 2025.

Funding Source & Fiscal Impact (if applicable):

Funding Cost Center

Recommendations:

Origination Recommendation Action:
Approve

Login Form

Joomla! Debug Console

Session

Profile Information

Memory Usage

Database Queries