DDA approves six final grant reports; board authorizes two payments including $48,640.17 TIF reimbursement
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Summary
The DDA approved six final reports for completed downtown grant projects and voted to disburse payments, including a $48,640.17 TIF reimbursement to Purple Mountain Hospitality and an invoice payment of $3,697.50. City staff confirmed final-report vetting was completed and a formal board motion was required for approval.
The Woodland Park Downtown Development Authority voted to approve six final reports from its downtown grant program and authorized related disbursements.
City staff member Josh told the board that “the final report does need a motion and a vote of approval for each of them,” and confirmed city staff had reviewed documentation, photographs and narratives before presenting the package.
Board members approved the final reports as a package for the following applicants: Community Partnership; Solid Grounds Coffee; Ron's (addressed as Ron's/owner Ron); Full House; Anderson Enterprises (7 50 Highway 24 LLC); and Vectra Bank. A motion to approve all six final reports passed by roll-call vote.
Separately, the board voted to pay a TIF (tax increment financing) reimbursement to Purple Mountain Hospitality in the amount of $48,640.17 and to pay an invoice for $3,697.50 for services provided in June. Board chair recorded motions and a roll call approved both disbursements.
Members discussed logistics and timing for outstanding grant agreements. Staff noted that some agreements require signatures and that project timelines in agreements generally allow a fixed number of days after signature to complete work; staff said the board may need to consider whether to accept extensions in cases where the signature date came late. The board asked staff to bring financial details to the next meeting so members could see projected budget impacts.
The approvals close out a set of local microgrant projects and authorize the fiscal transactions reflected in the meeting packet posted by city staff.
