CITY of RAPID CITY

Agenda Item Summary

 

Meeting Date: September 24, 2013

Commission, Board or Committee: NA

Staff Contact: Pauline Sumption, Finance Officer

PW Committee or L&F Committee: NA

Petitioner: Civic Center Board

City Council Hearing: September 24, 2013

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City Council 2nd Reading: Click here to enter date.

Agenda Title:

No. CC092413-02 - Approve request for funding of up to $500,000 for a cost analysis for new Civic Center arena

Summary:

The Civic Center is requesting funding for a cost analysis regarding a new arena.  Three funding options would be viable in this instance.  Please see attached memo.

Funding Source & Fiscal Impact (if applicable):

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Recommendation:

Action: Choose an item. Approve with Funding to be a loan from the CIP Fund and to be repaid through the Vision Fund

Notes: Item referred from 9/13/13 Council for identification of funding source

Options:

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Attachments & Links:

Staff Memo

Civic Center Presentation

Civic Center Handout

Civic Center Cost Analysis Memorandum - Mayor Kooiker Click here to enter text.

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