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DDA reports rising assessed value, steady parking revenue and reduced food-assistance reimbursements
Summary
Tara McKinney presented the Downtown Development Authority annual report, reporting assessed values at about $71 million, total DDA revenue of $2.1 million, parking revenue near $547,000, and a decline in food-assistance reimbursements affecting vendors.
Tara McKinney, executive director of the Downtown Development Authority, delivered the DDA's required annual presentation and reviewed the district's TIF history, finances, parking inventory and downtown programming.
McKinney said the district's assessed values increased to about $71,000,000 with a captured value of roughly $48,000,000 across TIF plans. She reported DDA revenues of $2,104,504.60 and expenditures of $1,676,912 for the most recent fiscal year. The DDA's parking revenue was reported at…
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