Posted: September 13, 2016
Rapid City
Agenda Item Summary

Agenda Item Ref. #: PW091316-17

Agenda Item Title:

Discussion of future construction and improvements of Elm Avenue from its current southern terminus near Fieldview Drive for approximately 800 feet.

Origination Group:
Public Works Committee
Origination Meeting Date:
09/13/2016
City Council Hearing Date:
09/19/2016
Staff Contact:
: Kelsey Sakos
Agenda Item Summary:
The City has been approached by representatives of the Three Bies Sisters LLLP property located along the east side of Elm Avenue to discuss the proposed extension and development of approximately 800 feet of Elm Avenue from its current southern terminus near Fieldview Drive. This discussion is a result of a 2005 variance and waiver of right to protest (WORP) that a local developer received for this specified area. The WORP has now transferred to the homeowners at this location.

Funding Source & Fiscal Impact (if applicable):

Funding Cost Center

Recommendations:

Origination Recommendation Notes:
1. Create an assessment project for the street improvement which could require that the current home owners of Phase Two Kensington Heights Subdivision be responsible for a portion of the street improvement cost. The balance of the property located along the 800 foot stretch of street is owned by Three Bies Sisters LLLP and Kensington Heights LLC. This option will likely result in significant concern by the property owners covered by the WORP; 2. Add the street improvement to the Capital Improvement Project list. This may require that other projects be delayed and/or removed from the list; 3. Create a Tax Increment Finance District; or, 4. Use the Utilities Support Fund. This is a revolving fund source and it is unlikely that sufficient funds are currently available to cover the cost of the street.

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