No. 05TI016 - Plum Creek Subdivision

A request by Centerline to consider an application for a Tax Increment District No. 57 - Project Plan on the W1/2 SW1/4, less Plum Creek Subdivision and including Elk Vale Road right-of-way, Section 16, T1N, R8E, BHM, Rapid City, Pennington County, South Dakota, more generally described as being located at the southern terminus of South Valley Drive.

LEGAL AND FINANCE COMMITTEE RECOMMENDATION:
Legal and Finance Committee recommended that the Project Plan for Tax Increment District No. 57 be amended to add additional costs to the Project Plan of $400,000 for Phase I oversizing costs for the extension of Minnesota Street, $500,000 Phase II oversizing costs for the extension of Minnesota Street, and $100,000 costs for park and recreation; and be forwarded to City Council without recommendation.

PLANNING COMMISSION RECOMMENDATION:
Planning Commission recommended that the Project Plan for Tax Increment District No. 57 be denied.

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