CITY of RAPID CITY

Agenda Item Summary

 

Meeting Date: 10/16/2013

City Council: 10/21/2013 Click here to enter date.

Staff Contact: Patsy Horton, Long Range Planning Manager

Planning Commission: N/A

Petitioner: N/A

PW Committee: 3/26/2013; 5/28/2013; 7/9/2013, 8/27/2013, 10/16/2013

Location:  N/A

City Council Set for Hearing: N/A

City Council Public Hearing: N/A

Agenda Title:

Recommended changes to the Tax Increment Financing Guidelines/Policy

Summary:

Several changes are proposed to the Tax Increment District Guidelines / Policy as requested. Additional refinements are anticipated. As such, staff recommends continuing the discussion on suggested changes to the Tax Increment District Guidelines / Policy as proposed in the attached documents to the December 10, 2013 Public Works Committee agenda.

Funding Source & Fiscal Impact (if applicable):

N/A

Recommendation:

Action: Continue to December 10, 2013 Public Works Committee meeting

Options:

N/A

Attachments & Links:

Staff Memo

TIF Guidelines

City Council Minutes 3/4/2013

Ordinance #5914

Proposed 2013 TIF Guideline Changes

2013 Appendix A – City’s Project Book format

2013 Appendix B – City’s Consultant’s Estimating Guide

2013 Appendix C – Public Infrastructure Cost Estimate Form

2013 Appendix D – Downtown Target Areas Map