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Downtown Development Authority (DDA) Christopher Jacobs

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Presentation on theme: "Downtown Development Authority (DDA) Christopher Jacobs"— Presentation transcript:

1 Downtown Development Authority (DDA) Christopher Jacobs
1 Downtown Development Authority (DDA) Christopher Jacobs Public Informational Meeting 3:00-4:00 pm, September 20, 2019 City Council Chambers 1 S Huron St Ypsilanti, MI 48197

2 Downtown Development Authority (DDA)
2 Downtown Development Authority (DDA) Where does the DDA spend its $475,976 in total TIF capture? Top three expenses total $296,456, or 62% of the total expense budget YDDA has 6 primary budget items after these obligations. Those are: 1. TIF/ Capital Improvements 2. Façade and Building Rehab Grants 3. Waste Management 4. Streetscape Maintenance 5. Special Event Contribution 6. Holiday Lighting and Maintenance IGA 35% 153,456 BOND PAYMENT 85,000 ADMIN CONTRACT 58,000 TIF/CAPITAL IMPROV 43,000 FAÇADE GRANT 30,000 BUILDING REHABILITATION GRANT WASTE MANAGEMENT 24,000 STREETSCAPE MAINTENANCE 23,500 SPECIAL EVENT CONTRIBUTION 17,500 HOLIDAY LIGHTING & MAINTENANCE 7,500 SEASONAL PLANTING 3,750 DTE ELECTRIC BILL 150 IRRIGATION SYSTEM 120 NON-GENERAL FUND

3 Downtown Development Authority (DDA)
3 Downtown Development Authority (DDA)

4 4 West Cross NON-GENERAL FUND

5 5 Depot Town NON-GENERAL FUND

6 6 Downtown NON-GENERAL FUND

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10 Completed Projects Ongoing Projects Future Projects YDDA Annual Report West Cross Tree Replanting Public Recycling Meet and Greet in February 10 New Bike Loops in Each District Sidewalks Balanced Budget Passed Depot Town Signage Parking Investments New Waste Contract (50% savings) Ypsi Shops Local Incentive West Cross Grants Leisa Thompson Photography EMU Passport Maple Street Lot Depot Town Plaza Lights RAC Negotiations West Cross Bus Shelter Downtown Ambassadors FY 19/20 Grants FY 20/21 Grants Parking Strategy Adoption Cigarette Butt Recycling Program Camera System at N Adams LDFA Talent Development Initiative DDA Officer Refund Volunteer Recognition Event Landscaping Contract Renewal Ypsi Glow Sponsorship IGA Negotiations Downtown Tree Replanting Halloween Carnival Sponsorship Developer Incentive Brochure DDA Walking Tours New Legal Services Provider Act 57 Reporting Requirements FY 18/19 Grants Completed First Fridays Sponsorship

11 11 Downtown Development Authority (DDA) Questions?


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