CITY of RAPID CITY Agenda Item Summary
Meeting Date: 10/01/2013		PW Committee: 10/01/2013
Staff Contact: Terry Wolterstorff, Dale Tech, Wade Nyberg		City Council: 10/07/2013
Agenda Title:
Authorize Mayor and Finance Officer to Sign Agreement Between the City of Rapid City and Lazy P6 Land Company, Inc., for Reimbursement of Oversize Costs Associated with the Extension of 5th Street South of Catron Boulevard
Summary:
This Agreement allows reimbursement to the developer for oversize costs associated with the extension of 5th street south of Catron Boulevard.  The Council approved funding these costs through the Utility Support Fund (.16).  This portion of 5th Street and adjacent properties are currently outside of city limits.  A condition of reimbursement is annexation of property which is located to the east of 5th Street.  A map showing the area to be annexed is shown on Exhibit B to the Agreement.
Funding Source & Fiscal Impact (if applicable):
Utility Support Fund (.16)
Recommendation:
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Options:
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Attachments & Links:
Oversize Agreement	Exhibit A		Exhibit B
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