Posted: August 12, 2021
Rapid City
Agenda Item Summary

Agenda Item Ref. #: 21TIF001 - TID #65 - Minnesota Street – Amendment #2 (07TI009)

Agenda Item Title:

21TIF001 - TID #65 - Minnesota Street – Amendment #2 (07TI009)

Origination Group:
TIF District Review Committee
Origination Meeting Date:
08/18/2021
Petitioner:
City of Rapid City
Staff Contact:
Sarah Hanzel
Agenda Item Summary:
Tax Increment District (TID) #65, Minnesota Street, was created in September of 2007 in order to assist in the development adjacent to Plum Creek and Elks Country Estates. The Tax Increment District is in the certification process and requires a final amendment in order to account for the realized certified expenses associated with the project. The reallocation will not affect the total Project Costs.

Funding Source & Fiscal Impact (if applicable):

Funding Cost Center

Recommendations:

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