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.16 Utility Fund Oversite Committee

PROGRAM GUIDELINES

The .16 Utility Fund Program has been created to provide a dedicated funding source for new construction and extension of infrastructure to support economic development in the Rapid City Community.
Eligible Projects
The .16 Utility Fund Program Fund shall be utilized to pay for new construction, to extend infrastructure and expand services, and support expanding economic opportunities.
Where ever possible new facilities and reconstruction to serve existing development shall be funded from rates.
Repayment
To the greatest degree possible the .16 Utility Fund Program will be established as a revolving fund. Repayment may be made from Tax Increment Districts, connection fees, Infrastructure loans or other payment options. All repayments will be returned to the .16 Utility Fund.
Existing Facilities
During the initial establishment of the .16 Utility Fund, $4 million was allocated to subsidize the sewer rates from 2005 to 2009. These funds support the maintenance, operations and reconstruction of all existing infrastructure. By providing a dedictaed funding source for new construction and expansion, additional funds from the rate base are available to support maintenance and reconstruction of existing infrastructure.

Current Membership of the .16 Utility Fund Oversight Committee

Mayor
Alan Hanks
City Council
Deb Hadcock
City Council
Lloyd LaCroix
City Council
Malcom Chapman
City Council
Ron Kroeger
City Council
Ron Weifenbach
Planning Commission
Gary Brown
Planning Commission
Frank Etter
Public Works Director
Robert Ellis
Finance Officer
James Preston
Growth Management Director
Marcia Elkins

 

 

2009 Meeting Minutes
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April 7
2008 Meeting Minutes
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January 11
February 1
April 18
2007 Meeting Minutes
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February 14
May 2
May 23
July 18
September 19
October 5
       
2006 Meeting Minutes
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