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Planning commission approves Amendment No. 3 to TIF No. 84 to extend Homestead Street and add drainage work
Summary
The Rapid City Planning Commission approved Amendment No. 3 to TIF District No. 84 on Oct. 23, reallocating existing district funds to extend Homestead Street to Valley Drive and construct regional drainage improvements including Detention Pond 221.
The Rapid City Planning Commission on Oct. 23 approved Amendment No. 3 to Tax Increment Finance (TIF) District No. 84 — the East Anamosa Street water-main extension district — to reallocate unused funds and add Homestead Street extension and regional drainage work, including construction of Detention Pond 221.
Mike Dugan of the finance department outlined the proposal, saying the amendment does not expand the district boundary or request new funds but reallocates roughly $459,000 of previously identified developer-interest…
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