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Resolution
Minutes Tax Increment Finance Committee Feb.27, 2006

No. 06TI001 - Nowlin Addition and Wood Addition

A request by City of Rapid City to consider an application for a Resolution Creating Tax Increment District No. 60 on Lot 16, Block 31, Nowlin & Wood Replat, Section 31, T2N, R8E, BHM, Rapid City, Pennington County, South Dakota; and the LaCrosse Street right-of-way from the north boundary of the railroad right-of-way in Section 31, T2N, R8E, BHM, Rapid City, Pennington County, South Dakota to the south boundary of I-90 Interstate right-of-way, located in Section 30, T2N, R8E, BHM, Rapid City, Pennington County, South Dakota; and Lot H-1 in the SW1/4 of Section 30, T2N, R8E, BHM, Rapid City, Pennington County, South Dakota, more generally described as being located south of Anamosa Street and west of LaCrosse Street, and a portion of LaCrosse Street and the southern on/off ramps to US Interstate 90 at Exit 59.


LEGAL AND FINANCE COMMITTEE RECOMMENDATION:
The Legal and Finance Committee recommended that the Resolution Creating Tax Increment District No. 60 be denied.


PLANNING COMMISSION RECOMMENDATION:

The Planning Commission recommended that the Resolution Creating Tax Increment District No. 60 be denied.


VOTE:
(6 to 1 with Andrews, Brown, Hennies, Landguth, LeMay and Prairie Chicken voting yes and Brenneise voting no)