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5:30PM Downtown Development Authority Meeting @ City Hall

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The board will consider a Capital Improvement Grant request for 1418 Ford Street (map). This vacant house is zoned commercial and the owner is requesting assistance to replace the furnace and add central air conditioning. The owner is also requesting a professional services grant to remove trees. DDA may pay 50% of each of those costs,which would be $7360 (capital improvement) and $4855 (professional services). Learn more on pages 2-3 and10-22 of the meeting packet.

FoothillsArt Center at the Astor House is applying for a Capital Improvement Grant to repair damage to their HVAC system caused by a rat infestation in Miners Alley. The grant would cover HVAC repair, a new fence to protect the HVAC system, and drywall repair. The drywall repair cost is unknown until the HVAC repairs are complete. They also request a sign grant. Total projected costs are $14,768, so the 50% DDA reimbursement would total $7384. They also requested $5-6K to install permanent benches, since their back yard is a City Park. The DDA refused that request. Learn more on pp 5 and 23-29 of the meeting packet.

Habitat for Humanity has applied for a TIF (Tax Increment Financing) agreement for their project to replace a single family home at 817 14th Street (map) with 40 townhome and condominium units. These homes will be sold to households earning up to 80% of the Area Median Income. Learn more in the meeting packet (pp. 5 and 32-48) or on Guiding Golden.

Miners Alley Performing Arts Center is requesting a $75,000 contribution to their Phase 2 capital campaign. They would use this to hire a Development Director. Learn more on pp 5 and 30-31 of the meeting packet.

DDA will hold a public hearing on their 2025 budget. They have added $35,000 to cover "smaller design investigations," $40,000 for event support, and $1 million to contribute to City projects in the downtown area. They also budgeted $450,000 for a "Signature Project Investment." Learn more on pp 5-6 and 49-53 of the meeting packet.

Highlights