CITY of RAPID CITY

Agenda Item Summary

 

Meeting Date: November 16, 2015

Commission, Board or Committee: NA

Staff Contact: Pauline Sumption

L&F Committee: 11/10/2015

Petitioner: Opportunity Capture Fund Committee

City Council Hearing: 11/16/2015

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City Council 2nd Reading: Click here to enter date.

Agenda Title:

Acknowledge Update from the Opportunity Capture Fund Committee

Summary:

The Opportunity Capture Fund Committee has approved the following grants:  $15,000 to Lost Cabin Beer Co; $500,000 to Black Hills Corp; $50,000 to Rushmore Media (now Gray Communications); $20,000 to Lehigh Defense, LLC

Funding Source & Fiscal Impact (if applicable):

Vision Fund – Opportunity Capture Fund line item (already budgeted so no additional impact)

Recommendation:

Action: Acknowledge

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Attachments & Links:

Minutes 10/20/2015

Financials 10/20/2015

 

 

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