HomeMy WebLinkAboutRDA 04 FUNDNG DWNTN 09-03-96DATE:
SEPTEMBER 3, 1996
RDA NO. 4
9-3-96
Inter-Com
TO:
FROM:
SUBJECT:
WILLIAM A..HUSTON, EXECUTIVE DIRECTOR
REDEVELOPMENT AGENCY STAFF
FUNDING REQUEST FROM DOWNTOWN BUSINESS ASSOCIATION
RECOMMENDATION
Pleasure of the Agency.
FISCAL IMPACT
It would be anticipated that any initial funding for creation of the Downtown Business Association will
not exceed $10,000 and will be funded by the Town Center Redevelopment Project.
PROPOSED ACTION
The full discussion of this item is included in the City Council agenda. In the discussion in the
City Council Report, staff reco .mmended the Agency consider the following if it wishes to provide
assistance in response to the proposal submitted by business and property owners for a
Downtown Business Association:
.
Provide staff or consultant assistance to Old Town businesses in creating a legal entity as a first
step. Direct that a portion of the work program for the consultant be to identify potential
funding sources, other than merely the City or the Agency, for the to-be-formed association.
.
Authorize issuance of a request for proposals and retention of a consultant to provide this
assistance. Current staff workloads would limit the staff's ability to provide this type of
assistance in a timely manner. Staff estimates the cost for consultant services would range
William A. Hustoon
September 3, 1996
Page 2
.
between $7,500 and $10,000. There would be the need to appropriate funds in a not-to-
exceed-amount from the Town Center Redevelopment Project Area.
If after the association is formed,, it requires additional technical or financial assistance to create
the tool(s) for funding, the City and/or Agency can consider a request for additional assistance
at that time, provided that such a funding request is not inconsistent with the general level of
contributions to downtown associations.
Christine Shingleton ~' '
Assistant City Manager