CITY of RAPID CITY Agenda Item Summary |
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Meeting Date: October 21, 2013 |
Commission, Board or Committee: NA |
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Staff Contact: Pauline Sumption, Finance Officer |
L&F Committee: 10/16/2013 |
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Petitioner: |
City Council Hearing: 10/21/2013 |
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Location: |
City Council 2nd Reading: NA |
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Agenda Title: |
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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 |
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Summary: |
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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. |
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Funding Source & Fiscal Impact (if applicable): |
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Interfund loan |
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Recommendation: |
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Action: Approve Notes: |
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Options: |
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