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Resolution #2026-08 details statutory findings and legal description for Kimball TID 2
Summary
Resolution #2026-08, adopted June 25, 2026, creates Tax Increment District Number Two, lists statutory findings under SDCL Chapter 11-9, provides a legal description of the district parcels, designates the TIF as an Annual Appropriations TIF, and directs the Finance Officer to complete statutory steps.
Resolution #2026-08, adopted by the Kimball City Council on June 25, 2026, formally creates Tax Incremental District Number Two (TID 2) and contains the legal and statutory findings required by South Dakota law. The resolution cites multiple provisions of SDCL Chapter 11-9, finds that at least 50% of the district area will stimulate economic welfare, states the improvement is likely to enhance values of other property in the district, and affirms that the aggregate assessment of incremental districts does not exceed 10% of the city’s assessed valuation.
The resolution provides the district’s legal description: "Lot One (1) of Irregular Tract Number Four (4) and Irregular Tract Number Six (6) in the Northeast Quarter (NE1/4) of Section Ten (10), Township One Hundred Three (103) North, Range Sixty-eight (68), West of the 5th P.M., Brule County, South Dakota." It also designates TID 2 as an Annual Appropriations TIF so it will not count against constitutional debt, creates a TID 2 fund, and directs the Finance Officer to take actions required under SDCL 11-9-20. The resolution notes a Developer’s Agreement consistent with the project plan will be approved separately.
