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DDA adopts purchasing and gifting policy setting director spending limits and $7,000 bidding threshold
Summary
The DDA adopted a purchasing and gifting policy that sets a $500 per‑transaction incidental spending limit for the director (within an annual category cap), allows noncash gifts up to $50, and requires competitive bids for expenditures above $7,000 unless exceptions apply.
The Downtown Development Authority on June 25 adopted a short purchasing and gifting policy that clarifies director spending authority, gift acceptance and when competitive bids are required.
Under the new policy the director may approve incidental transactions up to $500 per transaction, so long as the total annual spending remains within the board‑approved fund category amount. The policy also…
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