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CITY of RAPID CITY Agenda Item Summary |
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Meeting Date: 1/28/2015 |
Planning Commission: 1/22/2015 |
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Staff Contact: Sarah Hanzel, Long Range Planner I |
L&F Committee: 1/28/2015 |
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Petitioner: City of Rapid City |
City Council 1st Reading: 2/2/2015 |
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Location: Southeast corner of Catron Boulevard and Sheridan Lake Road |
City Council 2nd Reading: N/A |
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Agenda Title: |
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05TI006 - Resolution for the Dissolution of Tax Increment District No. 53 |
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Summary: |
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The District and Project Plan for Tax Increment District #53 was approved in July of 2005. The Finance Director has indicated that the final payment associated with the approved Project Plan has been made. In 2005 the base assessed valuation of the District was $132,480. Based on the South Dakota Department of Revenue’s 2014 TIF Certification, the assessed value for Tax Increment District #53 is $6,903,900 for an increase of $$6,771,420 over the base valuation. |
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Funding Source & Fiscal Impact (if applicable): |
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N/A |
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Recommendation: |
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Action: Approve Notes: Planning Commission approved: 1/22/2015 |
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Options: |
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N/A |
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Attachments & Links: |
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