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GMA outlines Downtown Development Authority powers and limits as Hiram weighs forming a DDA
Summary
A Georgia Municipal Association representative told Hiram council a downtown development authority (DDA) can acquire, lease and finance downtown projects, issue revenue bonds and enter long-term intergovernmental agreements, but must comply with state statute on board composition, training, audits and open-records obligations; council was advised to adopt a council resolution, map a boundary and use attorney review.
Cindy Itson of the Georgia Municipal Association gave an informational presentation to Hiram council on the purpose, powers and requirements of a downtown development authority (DDA) under state law.
Itson said a DDA is a tool cities can use to purchase, lease, finance and sell projects within a defined downtown boundary; DDAs may issue revenue bonds (not general-obligation bonds), receive dedicated tax revenues or intergovernmental-agreement-backed loans, and contract for terms up to 50 years when…
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