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No. 05TI005 - Resolution Approving A Reallocation of Project Costs for the Second Revised Tax Increment District Number Forty One - 5th Street
A request by Dream Design International to consider an application for a Resolution Approving A Reallocation of Project Costs for the Second Revised Tax Increment District Number Forty One - 5th Street on Government Lot 1 & 2 less Lot H1 in the SW1/4NW1/4 and Lot 1 of North 80 Subdivision, all located in Section 19, T1N, R8E, BHM, Rapid City, Pennington County, South Dakota; and, Lot A Revised of N1/2 GL 4 and adjacent Parkview Drive right-of-way, located in Section 18, T1N, R8E, BHM, Rapid City, Pennington County, South Dakota; and, all of Eastridge Estates Subdivision and Stumer Road and Enchantment Road rights-of-way adjacent to Eastridge Estates Subdivision, the unplatted balance of N1/2NW1/4, the unplatted balance of SW1/4NW1/4, the unplatted balance of the SE1/4NW1/4, and the unplatted balance of the NE1/4, and all of Enchanted Pines Road right-of-way and 5th Street right of-way, and Lot 2, Block 1, 5th Street Office Plaza, all located in Section 24, T1N, R7E, BHM, Rapid City, Pennington County, South Dakota; and, the SW1/4SW1/4SE1/4, N1/2SW1/4SE1/4, the Unplatted Balance of the E1/2NW1/4SE1/4, the Unplatted balance of the W1/4NW1/4SE1/4, the 100 foot dedicated 5th Street Right-of-way lying adjacent to Lot 19 of Block 6, Robbinsdale Addition No. 10 located in the NW1/4SE1/4, the platted 60 foot Minnesota Street Right-of-way adjacent to Lot 1 of Block 1, Terracita Park Subdivision as shown on Plat 30 Page 109, the platted 80 foot Minnesota Street Right-of-way as shown on Plat 29 Page 117 adjacent to Lot 19 of Block 6, Robbinsdale Addition No. 10 located in the NW1/4SE1/4 and adjacent to the Unplatted balance of the E1/2NW1/4SE1/4 and adjacent to Tract B, and all of 5th Street right-of-way, all located in Section 13, T1N, R7E, BHM, Rapid City, Pennington County, South Dakota; and, Lot 2 and dedicated ROW, Block 11, Robbinsdale Addition No. 10, Lot 1 and adjacent Parkview Drive right-of-way, Block 11, Robbinsdale #10, and Lots 2-6, Block 1, Terracita Park Subdivision, and Lot 20, Block 6, Robbinsdale #10, all located in Section 13, T1N, R7E, BHM, Rapid City, Pennington County, South Dakota., more generally described as being located at Fifth Street north of Catron Boulevard, east of US Highway 16 and west of SD Highway 79.


LEGAL AND FINANCE COMMITTEE RECOMMENDATION:
Legal and Finance Committee recommended to approve the Third Revised Project Plan for Tax Increment District Number Forty One - 5th Street reallocating costs between previously approved project costs.