CITY of RAPID CITY

Agenda Item Summary

 

Meeting Date: 1/26/2015

Commission, Board or Committee: Click here to enter date.

Staff Contact: Joel Landeen, City Attorney

PW Committee or L&F Committee: Legal & Finance

Petitioner: N/A

City Council 1st Reading: N/A

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City Council 2nd Reading: N/A

Agenda Title:

Acknowledgement of Notice of Election by Presidentís Plaza LLC

Summary:

Pursuant to the Fourth Addendum to the Master Development Agreement Presidentís Plaza LLC is required to notify the City if it elects to continue with the project by January 31, 2015. This notice is being provided to satisfy this requirement. Presidentís Plaza has indicated in the notice that it intends to move forward with the project subject to all of the terms and conditions of the Master Development Agreement. Presidentís Plaza has until the end of this year to be under contract for construction of the project.

Funding Source & Fiscal Impact (if applicable):

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Recommendation:

Action: Choose an item. Acknowledge receipt of notice.

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Options:

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Attachments & Links:

Notice of Election

Prior Meeting Information

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