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Mayor Sam Kooiker Released Third Quarter Progress Report

Mayor Sam Kooiker released his third quarter progress report for 2014 Tuesday, providing an update on projects in progress, growth and economic development, long term goals of the city and actions taken so far this year. The budget is down by 3.1 percent from $152.6 million to $148.7 million due to the expiring Capital Outlay projects. And the General Fund budget is up by 7.9 percent from the expanding growth in Rapid City. The budget also assumes a 2 percent growth in sales tax for 2014, however sales tax is coming in at 4.75 percent as of June. The total number of new resident units in 2013 was 661 compared to 192 in 2010, however as of June 30th of 2014, there are only 157 residential units. Mayor Sam Kooiker says there are two new huge development coming in later this year along Catron Boulevard that will have a huge impact.  "The sales tax is catching up with the building permits, the building permits last year showed 661 housing starts compared to 192 in 2010 and thats a 344 percent increase and that means you have people moving into the area and now their moved in and now their spending moeny here, they have jobs here and thats whats increase to some extent our sales tax," said Mayor Kooiker. Kooiker also says that the large growth for Rapid City is great but has also created a challenge. The city has more than $40 million worth of contracts outstanding this year and not enough contractors to do all the work, causing many of the bids to be high. Terry Wolterstorff, the Public Works Director also made remarks at the progress report and talked about the water line project being built to provide regional water to housing districts in Rapid City, allowing for more growth.  "The lines that were putting in will be the main trunk lines of the supply water of this area when its fully built out so well be installing 12 and 14 inch water mains in these areas so what were putting in is the backbone for future development," said Wolterstorff. The $7 million Cedar Drive reconstruction project also opened for bidding Tuesday. 
/ Source: KNBN-TV

Mayor Sam Kooiker released his third quarter progress report for 2014 Tuesday, providing an update on projects in progress, growth and economic development, long term goals of the city and actions taken so far this year. The budget is down by 3.1 percent from $152.6 million to $148.7 million due to the expiring Capital Outlay projects. And the General Fund budget is up by 7.9 percent from the expanding growth in Rapid City. The budget also assumes a 2 percent growth in sales tax for 2014, however sales tax is coming in at 4.75 percent as of June. The total number of new resident units in 2013 was 661 compared to 192 in 2010, however as of June 30th of 2014, there are only 157 residential units. Mayor Sam Kooiker says there are two new huge development coming in later this year along Catron Boulevard that will have a huge impact.  "The sales tax is catching up with the building permits, the building permits last year showed 661 housing starts compared to 192 in 2010 and thats a 344 percent increase and that means you have people moving into the area and now their moved in and now their spending moeny here, they have jobs here and thats whats increase to some extent our sales tax," said Mayor Kooiker. Kooiker also says that the large growth for Rapid City is great but has also created a challenge. The city has more than $40 million worth of contracts outstanding this year and not enough contractors to do all the work, causing many of the bids to be high. Terry Wolterstorff, the Public Works Director also made remarks at the progress report and talked about the water line project being built to provide regional water to housing districts in Rapid City, allowing for more growth.  "The lines that were putting in will be the main trunk lines of the supply water of this area when its fully built out so well be installing 12 and 14 inch water mains in these areas so what were putting in is the backbone for future development," said Wolterstorff. The $7 million Cedar Drive reconstruction project also opened for bidding Tuesday.