No. 05TI021 - Farrar Business Park

A request by Tom and Chuck Farrar to consider an application for a Tax Increment District No. 59 Project Plan on a portion of land located in the NE1/4 of the SE1/4 of Section 16, including Lots 1 and 2 of Block 1, Lot 1 of Block 4 and Lot 1 of Block 5, and all rights-of-way all located in Farrar Business Park; and that portion of the NW1/4 of the SE1/4 of Section 16 lying north and east of the right-of-way of Interstate 90; all located in the N1/2 of the SE1/4 of Section 16, T2N, R7E, BHM, Rapid City, Pennington County, South Dakota, more generally described as being located between Interstate 90 and Deadwood Avenue.

LEGAL AND FINANCE COMMITTEE RECOMMENDATION:
Legal and Finance Committee recommends that the Tax Increment District No. 59 Project Plan be approved.

PLANNING COMMISSION RECOMMENDATION:
Planning Commission recommends that the Tax Increment District No. 59 Project Plan be approved.

VOTE: (8 to 0 to 1 with Andrews, Bernnaise, Brewer, Landguth, LeMay, Prairie Chicken, Schmidt and Waltman voting yes and none voting no and Brown abstaining)