HomeMy WebLinkAboutResolution 25-049Prepared by:
Community Development Dept.
520 31d St., Suite 140
Brookings, SD 57006
RESOLUTION 25-049
RESOLUTION AUTHORIZING THE CITY MANAGER TO SIGN A MAINTENANCE
AGREEMENT WITH SIXTH STREET DEVELOPMENT, LLC.
BE IT RESOLVED by the City Council of the City of Brookings, South Dakota as
follows:
WHEREAS, the City has approved Tax Increment District #17 — Latitude 44, detailing
the developer's obligations and responsibilities in exchange for receiving tax increment
revenue; and
WHEREAS, the City requires the developer to sign a recordable Maintenance
Agreement for associated improvements within the Tax Increment District.
NOW, THEREFORE, IT IS HEREBY RESOLVED by the City Council of the City
of Brookings, South Dakota, as follows:
A. The City Manager is authorized to sign the Maintenance Agreement for Tax
Increment District #17 — Latitude 44, which is to be recorded as a restrictive
deed with the office of the Brookings County Register of Deeds.
Passed and Approved on the 13th day of May, 2025.
ATTEST:
CITY OF J8R,0OK(I)4Q-$, SD
Oepke 99. Niemeyer, Mayor