RDC approves amended CDC articles and possible 4-acre purchase by local CDC
The commission approved RDC Resolution 2026-02 to accept amended articles of the Sheridan Community Development Corporation, which removes RDC approval for future CDC article amendments; staff also reported the CDC holds $145,000 and negotiated a $66,000 option to buy a 4-acre property.
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Staff member (S2) described Resolution RDC 2026-02, which approves amended and restated articles of incorporation for the Sheridan Community Development Corporation (CDC) and removes the RDC as an approving body for future amendments. Staff said the CDC has $145,000 in its account and has negotiated a purchase price of $66,000 for a four-acre parcel west of 6th Street; any purchase would be conducted by the CDC from its funds.
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