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Posted: June 27, 2025
Rapid City
Agenda Item Summary

Agenda Item Ref. #: PW070125-06

Agenda Item Title:

Authorize Mayor And Finance Director To Sign Assignment Agreement For Purchase Agreement Between The City Of Rapid City And Gordon And Connie Howie For Purchase Of Water Rights.

Origination Group:
Public Works Committee
Origination Meeting Date:
07/01/2025
City Council Hearing Date:
07/07/2025
Staff Contact:
Brandon Quiett
Agenda Item Summary:
This agreement authorizes the City to pay the Lender a portion of the proceeds due to Howie under the original Agreement, in exchange for Lender’s release of any interest in the Water Rights.

Funding Source & Fiscal Impact (if applicable):

Funding Cost Center
Enterprise Water
Is Funding Budgeted?:
Budgeted

Recommendations:

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