Staff Memo
Tax Increment Finance Committee Minutes
08/21/07
Tax Increment Financing Guide
City Exhibit A
Resolution
Project Plan

No. 07TI018 - Villaggio

A request by Sperlich Consulting, Inc. for Signature Development and the City of Rapid City to consider an application for a Revised Project Plan for Tax Increment District No. 61 - Villaggio on Lot 1, Stoney Creek South #2 Subdivision; Unplatted portion of E1/2 NW1/4 SE1/4; NE1/4 SW1/4 SE1/4 and Golden Eagle Drive located in the NE1/4 SW1/4 SE1/4 including Lots H3 and H4; Lot H1 in the SE1/4 SW1/4 SE1/4; Lot H2 in the SW1/4; Lot H2 in the SW1/4 NW1/4 SE1/4 and the NW1/4 SW1/4 SE1/4; W1/2 NW1/4 SE1/4 less Springbrook Acres Subdivision and Less Lot H2; NW1/4 SW1/4 SE1/4 less Lot H2; S495 feet of NE1/4 SE1/4 less Lot 1; SE1/4 SE1/4; Lot 1, Bendert Subdivision; all located in Section 22, T1N, R7E, BHM, Rapid City, Pennington County, South Dakota; and, Lots 4 and 5, Owen Hibbard Subdivision, Section 23, T1N, R7E, BHM, Rapid City, Pennington County, South Dakota, more generally described as being located between Sheridan Lake Road and South Highway 16 and adjacent to Catron Boulevard.


PLANNING COMMISSION RECOMMENDATION:
Planning Commission recommended tha
t the Revised Project Plan for Tax Increment District No. 61 - Villaggio be approved.

VOTE: (5 to 0 to 1 with Anderson, Collins, Derby, Etter and Gregg voting yes, none voting no and Landguth abstaining.)