No. 12TI001 - Denman's Subdivision

Staff Memo

Resolution
Creating District

Tax Increment Financing
Committee Minutes
January 24, 2012


Vicinity Map	TIF Boundary Map	Aerial map	Detailed Public Improvememts

Preliminary Review	Application	Probable Costs	Financing

Project Performa	Public and Private Costs	Site Plan	Conceptual Drawing

Cash Flow and Revenue Projections	Corporate Land Ownership	Current Land Ownership	Public Comment

	2011 Rapid City Taxable Valuation	TID Guidelines	Relocation of Displaced Persons

No. 12TI001 - Denman's Subdivision
A request by Dream Design International, Inc. for Technology Housing, LLC to consider an application for a Resolution Creating Tax Increment District No. 72 for Lots 1 through 16 and the alley adjacent to Lots 1 through 16 of Block 3 of Denman’s Subdivision all located in SW1/4 of the NW1/4 of Section 6, T1N, R8E, BHM, Rapid City, Pennington County, South Dakota, more generally described as being located south of East Saint Joseph Street between Elm Avenue and Birch Avenue.

LEGAL AND FINANCE COMMITTEE RECOMMENDATION:
The Legal and Finance Committee recommended approval of the Resolution Creating Tax Increment District No. 72.

PLANNING COMMISSION RECOMMENDATION:
Planning Commission recommended approval of the Resolution Creating Tax Increment District No. 72.

VOTE: (9 to 0 with Beshara, Braun, Brewer, Marchand, Popp, Rippentrop, Snyder, Swank and Weimer voting yes and none voting no)