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Posted: July 11, 2017
Rapid City
Agenda Item Summary

Agenda Item Ref. #: PW071117-12

Agenda Item Title:

Authorize Mayor and Finance Officer to Sign Resolution 2017-058 – A Resolution Repealing Resolution #2010-165 Construction Fee Resolution for Homestead Subdivision, Phase I 16” Water Main Oversizing Project No. Dev08-901 and Repealing Resolution #2011-161 A Resolution to Correct Resolution 2010-165 and Set a New Construction Fee for Homestead Subdivision, Phase I 16” Water Main Oversizing Project No. DEV08-901.

Origination Group:
Public Works Committee
Origination Meeting Date:
07/11/2017
City Council Hearing Date:
07/17/2017
Staff Contact:
Stacey Titus / Carla Cushman
Agenda Item Summary:
In 2010 Council passed Resolution #2010-165 a construction fee resolution placing fees upon properties in Homestead Subdivision to recoup fees paid for an oversize 16 inch water main in Homestead Street. That resolution was corrected in 2011 with $2011-161 to recalculate the construction fees. However, the Project Costs for Tax Increment District Number 68 also included reimbursement to the City for oversize costs for the same water main. Since the City will be reimbursed for the water main from TIF 68, this resolution would repeal the construction fees that were placed on Homestead properties to pay the same costs.

Funding Source & Fiscal Impact (if applicable):

Funding Cost Center

Recommendations:

Origination Recommendation Action:
Approve
Published in 2017 PW Agenda Items
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