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DDA approves ILA payment amendment for Old School Square; board debates funding gap and proposes permit-fee grant pilot
Summary
Board approved an amendment allowing the city to pay the DDA a single fiscal-year payment for Old School Square. Directors warned $700,000 may be insufficient and proposed a grant program to reimburse city permit fees for existing downtown businesses to spur activation.
The Downtown Development Authority voted to approve Amendment No. 4 to the interlocal agreement (ILA) governing Old School Square management and operations, which updates the city's payment schedule so the fiscal-year amount will be delivered in a single payment rather than quarterly.
Board discussion focused on fiscal impacts. One director said the DDA's recent operational year ran about $1.0…
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