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DDA board cuts director's per-transaction spending limit to $1,500
Summary
The Downtown Adrian Main Street DDA voted to lower the director's single-transaction spending authority from $5,000 to $1,500, citing Main Street best practices and to ensure board oversight of purchases above that threshold.
The Downtown Adrian Main Street DDA board voted on March 26 to lower the director's per-transaction spending authority from $5,000 to $1,500, requiring prior board approval for expenditures above the new limit.
Chair (S1) said the change follows guidance from the Michigan Economic Development Corporation and would align the DDA with what the chair described as "best practices"…
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