No. 08TI011 - Section 21, 22, 28

A request by Brian Pitts for Dr. William Cross for Soccer Rapid City to consider an application for a Creation of Tax Increment District - Elk Vale Road Soccer Complex on all of Section 21 less Beaird Sub, to include I-90 Heartland Business Park and Reardon Court, Elk Vale Road, and Dyess Avenue right-of-way, Section 21, T2N, R8E, BHM, Rapid City, Pennington County, South Dakota; and, W1/2SW1/4; SE1/4SW1/4; all located in Section 22, T2N, R8E, BHM, Rapid City, Pennington County, South Dakota; and, Lot 1 – 5, Block 2, I-90 Heartland Business Park, Reardon Court and Seger Drive, all located in Section 28, T2N, R8E, BHM, Rapid City, Pennington County, South Dakota; and, Lots 1 and 2, Block 7, I-90 Heartland Business Park, Section 28, T2N, R8E, BHM, Rapid City, Pennington County, South Dakota; and, NE1/4NW1/4, Section 28, T2N, R8E, BHM, Rapid City, Pennington County, South Dakota; and, Lot 1 to include the W530’ and Lot 2, RCI Addition, Section 28, T2N, R8E, BHM, Rapid City, Pennington County, South Dakota; and, The west 33 feet of North Elk Vale Road right-of-way lying east of Lot 1, Block 2, I-90 Heartland Business Park, Section 28, T2N, R8E, BHM, Rapid City, Pennington County, South Dakota, more generally described as being located north of U.S. Interstate 90 and west of Elk Vale Road and east of Dyess Avenue.

TAX INCREMENT FINANCING COMMITTEE RECOMMENDATION:
The Tax Increment Financing Committee recommended that the creation of the Soccer Complex Tax Increment District be approved with the stipulation that the District be dissolved if a project plan is not approved by the City Council within six months of the creation of the District.

(VOTE: 4 to 1)