No. 08TI003 - Rainbow Ridge Subdivision

A request by City of Rapid City to consider an application for a Revised Project Plan for Tax Increment District No. 54 on a parcel of land in the S1/2 NE1/4 including right-of-way, Section 23, T2N, R7E; N1/2 SW1/4 including right-of-way, Section 24, T2N, R7E; and Lots 6 thru 17 of Block 5 including right-of-way, all of Block 10 including right-of-way, all of Block 11 including right-of-way, all located in CHMH Subdivision, Section 24, T2N, R7E, BHM, Rapid City, Pennington County, South Dakota, more generally described as being located north of Mall Drive and west of Haines Avenue.

LEGAL AND FINANCE COMMITTEE RECOMMENDATION:
Legal and Finance Committee recommended that the Revised Project Plan for the Tax Increment District No. 54 be approved.

PLANNING COMMISSION RECOMMENDATION:
Planning Commission recommended that the Revised Project Plan for Tax Increment District No. 54 be approved.

VOTE: (9 to 0 with Anderson, Brewer, Collins, Derby, Etter, Gregg, Landguth, Scull and Waltman voting yes and none voting no)

TAX INCREMENT FINANCING REVIEW COMMITTEE RECOMMENDATION:
The Tax Increment Financing Review Committee recommends that the Revised Project Plan for Tax Increment District No. 54 be approved.