|
CITY of RAPID CITY Agenda Item Summary |
|||||||||||||||||||||||
|
|
|||||||||||||||||||||||
|
Public Works Committee Meeting Date: 2/25/2014 |
City Council Meeting Date: 3/3/2014 |
||||||||||||||||||||||
|
Staff Contact: Stacey Titus |
Petitioner: City of Rapid City |
||||||||||||||||||||||
|
Location: East Rapid City between Reservoir Road and the Airport |
|
||||||||||||||||||||||
|
Agenda Title: |
|||||||||||||||||||||||
|
Set Hearing date for SRF Application pertaining to the “East Rapid City Water System Expansion Project”. |
|||||||||||||||||||||||
|
Summary: |
|||||||||||||||||||||||
|
The City is anticipating submitting an application for SRF loan funding for the “East Rapid City Water System Expansion Project”. The project cost is anticipated to be approximately $5,000,000 of which the State has indicated they will forgive at least 50% of the loan amount. In order for the City to proceed with making the application a public hearing needs to be held as part of the application process. Conducting the public hearing in no way obligates the City to funding the project or accepting the SRF loan. |
|||||||||||||||||||||||
|
Funding Source & Fiscal Impact (if applicable): |
|||||||||||||||||||||||
|
|
|||||||||||||||||||||||
|
Recommendation: |
|||||||||||||||||||||||
|
Action: Authorize staff to advertise the Public Hearing for the “East Rapid City Water System Expansion Project” on Wednesday, March 5, 2014 and conduct the hearing at the March 17, 2014, City Council meeting. Notes: Conducting the public hearing in no way obligates the City to funding the project or accepting the SRF loan |
|||||||||||||||||||||||
|
City Council Options: |
|||||||||||||||||||||||
|
|
|||||||||||||||||||||||
|
Attachments & Links: |
|||||||||||||||||||||||
|
|
|||||||||||||||||||||||
|
|
|
|
|||||||||||||||||||||
|
|
|
|
|||||||||||||||||||||