No. 05TI013 - Rushmore Crossing

A request by Dream Design International, Inc. to consider an application for a Resolution Creating Tax Increment District No. 56 on that portion of the Interstate 90 right of way lying east of North LaCrosse Street located in Section 30, T2N, R8E, BHM, Rapid City, Pennington County, South Dakota; and, Entire Interstate 90 right of way located in Section 29, T2N, R8E, BHM, Rapid City, Pennington County, South Dakota; and, Entire Interstate 90 right of way located in the SW1/4 of Section 28, T2N, R8E, BHM, Rapid City, Pennington County, South Dakota; and, Lot L-1 of SE1/4 NW1/4, Section 30, T2N, R8E, BHM, Rapid City, Pennington County, South Dakota; and, Tracts A, B, C, D, Lots 1 and 2 of Tract E and Tract F all located in Marshall Heights Subdivision No. 2, Section 30, T2N, R8E, BHM, Rapid City, Pennington County, South Dakota; and, That portion of the East Disk Drive right of way lying east of North LaCrosse Street located in Section 30, T2N, R8E, BHM, Rapid City, Pennington County, South Dakota; and, Lot K-4 less Lot H-1, Marshall Heights Tract, Section 30, T2N, R8E, BHM, Rapid City, Pennington County, South Dakota; and, Lots 1 and 2 and the south ½ of the vacated alley and Pine Street right of way adjacent to said lots, Block 2, Rapps Addition, Section 30, T2N, R8E, BHM, Rapid City, Pennington County, South Dakota; and, Lot M of the NW1/4 SE1/4 of Section 30, T2N, R8E, BHM, Rapid City, Pennington County, South Dakota; and, Entire Farnwood Avenue right of way, entire Spruce Street right of way, and that portion of the Rapp Street right of way intersecting and extending south from the intersection of Farnwood Avenue, all located in Section 30, T2N, R8E, BHM, Rapid City, Pennington County, South Dakota; and, That portion of the North LaCrosse Street right of way lying adjacent to Lots A and B of Lot 6 of Lot K-3, Lots A and B of Lot 7 of Lot K-3, Lot 8 of Lot K-3, Lot 9 of Lot K-3 and Lot 10 of Lot K-3, all located in Marshall Heights Tract, Section 30, T2N, R8E, BHM, Rapid City, Pennington County, South Dakota; and, The entire intersection of North LaCrosse Street and East Anamosa Street rights of way located in Sections 30 and 31, T2N, R8E, BHM, Rapid City, Pennington County, South Dakota; and, Lot H1 and Lot H2 located in N1/2 SE1/4 of Section 30, T2N, R8E, BHM, Rapid City, Pennington County, South Dakota; and the Unplatted portion of the N1/2 SE1/4 lying south of Interstate 90, Section 30, T2N, R8E, BHM, Rapid City, Pennington County, South Dakota; and, Lots 1 and 2, Bedco Subdivision, Section 30, T2N, R8E, BHM, Rapid City, Pennington County, South Dakota; and, Vacated LaCrosse Street right of way located in the SE1/4 SW1/4, Section 30, T2N, R8E, BHM, Rapid City, Pennington County, South Dakota; and, S1/2 SE1/4 lying north of the railroad right of way, Section 30, T2N, R8E, BHM, Rapid City, Pennington County, South Dakota; and, Tract A and east ½ of vacated Cherry Avenue right of way of the NE1/4 NE1/4 of Section 31, T2N, R8E, BHM, Rapid City, Pennington County, South Dakota; and, That portion of the East Anamosa Street right of way extending east from the intersection of North LaCrosse Street right of way located in Section 31, T2N, R8E, BHM, Rapid City, Pennington County, South Dakota; and, That portion of the S1/2 lying south of Interstate 90 and north of the railroad right of way, Section 29, T2N, R8E, BHM, Rapid City, Pennington County, South Dakota; and, That portion of the NE1/4 NW1/4 and N1/2 NE1/4 lying north of the railroad right of way, Section 32, T2N, R8E, BHM, Rapid City, Pennington County, South Dakota; and, That portion of the S1/2 SW1/4 lying south of Interstate 90 and north of the railroad right of way, Section 28, T2N, R8E, BHM, Rapid City, Pennington County, South Dakota, more generally described as being located East of LaCrosse Street and west of East Boulevard and south of Interstate 90.

LEGAL AND FINANCE COMMITTEE RECOMMENDATION:
Legal and Finance Committee recommended that the Resolution Creating Tax Increment District No. 56 be approved with revised boundaries.

PLANNING COMMISSION RECOMMENDATION:
Planning Commission recommended that the Resolution Creating Tax Increment District No. 56 be approved on the condition that the staff work with the applicant to eliminate as much as possible the developed properties without impacting the project improvements.

VOTE: (9 to 0 with Anderson, Andrews, Brewer, Brown, Fast Wolf, Hennies, Landguth, LeMay, and Schmidt voting yes and none voting no)