City of Harrisburg Resolution 2026-10 For The City of Harrisburg, SD 2026-05-05
City Approves Land Transfer and Development Agreement with HEDC
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Description
The City of Harrisburg approved the transfer of real property at 703 E Willow Street to Harrisburg Economic Development Corporation and entered into a development agreement to foster development of a childcare facility. The agreement includes provisions for reversion if development does not proceed, or payment to the City at fair market value. Term includes timelines for developer identification and completion.
Contract Details
Contract Amount
Property transfer; payment in lieu not less than fair market value
Vendor
HARRISBURG ECONOMIC DEVELOPMENT CORPORATION
Agency
City of Harrisburg, SD
Contract Type
OTHER
Document Date
May 5, 2026
Contract Term
12 months to identify a developer; ongoing until development completion or reversion
Renewal Date
2027-05-05
Renewal Info
Development Corporation must identify a suitable developer and execute agreement within 12 months or property reverts to City. Reversion or payment scenarios outlined.
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