CITY of RAPID CITY

Agenda Item Summary

 

Meeting Date: October 21, 2013

Commission, Board or Committee: NA

Staff Contact: Pauline Sumption, Finance Officer

L&F Committee: 10/16/2013

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City Council Hearing: 10/21/2013

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City Council 2nd Reading: NA

Agenda Title:

 RESOLUTION 2013-099Resolution Establishing the terms of the loan from the CIP Fund to the Vision Fund for the Cost Study for a New Arena at Rushmore Plaza Civic Center

Summary:

The Council previously approved a $500,000 loan from the CIP Fund to the Vision Fund for the purpose of contracting with a consultant for a cost study for a new arena at the Rushmore Plaza Civic Center.  This resolution establishes the loan terms.

Funding Source & Fiscal Impact (if applicable):

Interfund loan

Recommendation:

Action: Approve

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Options:

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Attachments & Links:

Resolution 2013-099

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