Grant Acceptance, TIF Closure, Water Main Extension, B Street Completion
The Pierre City Commission took action last night to bring new resources to Rawlins Municipal Library, close two projects, and push another forward.
Rawlins Municipal Library Grant
The commission accepted an $80,000 federal grant to supply Rawlins Library with additional technology. The American Rescue Plan Act grant will fund new computer stations, new early learner stations, a webcam, a public scanner, laptops, and an interactive floor mat to help children learn through physical activity.
Tax Increment Financing Project Closure
The Tax Increment Financing (TIF) program that was established in 2009 to help fund infrastructure for the Eagle Creek development has been paid off and, consequently, dissolved. Terms of the agreement dictated that the TIF would end once $828,000 in deferred tax payments was paid back to PEDCO or 13 years had passed. The final deferred payment was made this spring.
A TIF is an economic development tool that allows future tax payments to be put toward eligible project infrastructure costs.
Water Main Extension
An extension of the city water main is going out for bid. The city is adding water main between Poplar Avenue and Henry Street. The extension will allow the new water treatment facility being built near the bridge in southwest Pierre to connect to the city’s existing drinking water distribution system.
Bid opening is scheduled for July 29; the water main extension work is tentatively scheduled for later this year.
B Street Project Closes
The commission took final action last night to close the B Street project. B Street was built earlier this year in northeast Pierre to provide secondary access to the industrial park located near the Pierre Airport, as well as the airport campus.