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Committee sets public hearing for lease with Ridley USA (Hubbard Feeds) for Omaha Street property
Summary
The Rapid City Legal and Finance Committee set a public hearing on a proposed lease with Ridley USA d/b/a Hubbard Feeds for city-owned land adjacent to 426 Omaha Street and discussed floodplain and future-use constraints.
The Rapid City Legal and Finance Committee on Feb. 12 set a public hearing on a proposed lease agreement with Ridley USA, doing business as Hubbard Feeds, for city-owned land adjacent to 426 Omaha Street.
Committee members debated restrictions on development and the lease term before approving the action. The item is a resolution of intent to enter into a lease and will return next month for a public hearing and final action.
Councilman Kevin Maher asked whether the parcel had development restrictions and whether it lies in a floodplain. Director Hensley said the city has leased the property “for several years” and that the property “is in the floodplain,” adding that structures cannot be built in much of the area. Director Fisher clarified there is a federally designated 100-year floodplain across the property and that some limited work could be allowed with a floodplain development permit.
Director Ainsley said staff had set the rent “at a higher rate so that it is more, closer to market,” but noted the site’s limited uses and few adjacent property owners constrain market options. City Attorney Joel Landin said the city acquired substantial nearby land with federal funds after historic flooding and suggested much of the north-side land was intended to remain undeveloped; he said the Hubbard Mill parcel was an exception the city did not acquire.
Council members pressed on flexibility in the lease. Staff pointed to a lease clause that allows the city to terminate after the fifth anniversary with six months’ notice. Landin said if the property were not leased it might be incorporated into the Greenway system.
A motion to approve the resolution setting the public hearing (Resolution No. 2025-016) was moved and seconded and carried by voice vote.
The committee did not adopt any change to the lease term at the meeting; staff said the resolution establishes the public hearing date and that the council will consider the full lease and any public input at the subsequent hearing.
