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Bank models payoff scenarios for TID 89 financing

Pennington County logoPennington County
Document date
Feb 6, 2026
Renews
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The 30-second brief

What it covers

Black Hills Community Bank developed an economic model and amortization schedule for TIF District No. 89, analyzing cash flows and payoff timing for the Highpointe Regional Lift Station project. The bank’s conservative scenarios show potential TIF payoff in roughly 11 to 15 years, aiding City decision-making on the proposed amendment.

Who holds it

Black Hills Community Bank holds this financial services contract with Pennington County. Its other public contracts on record include work for West Dakota Water Development District and City of Box Elder.

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Contract details

Contract type
Financial Services
Document date
February 6, 2026
Term
Modeled amortization from TID 89 origination through projected payoff around 2038; scenario analysis over approximately 11–15 years
Renews
On record
Vendor
Black Hills Community Bank
Agency
Pennington County
Source document
City of Rapid City Proposal TID No. 89 Amendment No. 1 2026-02-06 (Proposal)

Black Hills Community Bank's other public contracts

West Dakota Water Development District, South DakotaBoard Approves New Black Hills Bank Account Signatories · Mar 11, 2025UndisclosedCity of Box Elder, South DakotaBlack Hills Community Bank is Box Elder's official depository · Jan 7, 2025UndisclosedLawrence county Housing & Redevelopment Commi, South DakotaLawrence County approves official fund depositories · Jan 6, 2025UndisclosedCity of Box Elder, South DakotaBlack Hills Bank provides $23M loan for Event Center · Nov 13, 2024$23MWest Dakota Water Development District, South DakotaDistrict Transfers Savings Funds From Black Hills Community Bank · Oct 8, 2024All Black Hills Community Bank contractsVendor profile

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Questions about this contract

Who was awarded the financial services contract by Pennington County?

Black Hills Community Bank was awarded this financial services contract by Pennington County, as recorded on February 6, 2026.

What type of contract is this?

This is a Financial Services contract, documented as a proposal record.

Where was this contract approved?

This contract appears in City of Rapid City Proposal TID No. 89 Amendment No. 1 2026-02-06 (Proposal), dated February 6, 2026 from Pennington County. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Black Hills Community Bank hold?

Black Hills Community Bank may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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