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Posted: January 25, 2018
Rapid City
Agenda Item Summary

Agenda Item Ref. #: PW013018-18

Agenda Item Title:

Set Hearing date for SRF Application for funding pertaining to the “East Rapid City Water Expansion Project”.

Origination Group:
Public Works Committee
Origination Meeting Date:
01/30/2018
City Council Hearing Date:
02/05/2018
Staff Contact:
Morgan Falcone
Location:
East Rapid City Water Users Region
Agenda Item Summary:
In March 2014, the City began what has become known as the East Rapid City Water Expansion Project. A number of projects have been constructed, and the final project components are now being prepared for completion. Staff is projecting a budget shortfall from the original project estimate in 2014 of $950,000 and is requesting to make an application to the State for additional funding. In order for the City to proceed in making the application, a public hearing needs to be held as part of the application process. Conducting the public hearing in no way obligates the City to accepting the State Revolving Fund (SRF) loan. The City will be requesting the State fund the $950,000 in a manner similar to the 2014 package as it pertains to grant participation and principal forgiveness.

Funding Source & Fiscal Impact (if applicable):

Funding Cost Center
SRF/Water Water Expansion
Is Funding Budgeted?:
Budgeted

Recommendations:

Origination Recommendation Action:
Approve
Origination Recommendation Notes:
Authorize staff to advertise the Public Hearing for the “East Rapid City Water System Expansion Project on Saturday February 17th, 2018 and conduct the hearing at the March 5th, 2018 City Council meeting.
City Council Recommendation Notes:
Conducting the public hearing in no way obligates the City to accept the SRF Loan.

Attachments & Links to Download:

  pdf Draft of Public Hearing Notice

  pdf Project Vicinity Map

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