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Woodland Park DDA sees strong micro‑grant interest; board approves reimbursements and plans budget supplement
Summary
The DDA reported 48 micro‑grant applications totaling $227,799.78, discussed a possible $10,000 budget supplement, approved a $4,990 final reimbursement to Colin Corporation and approved several staff payments including attorney fees and a TIFF reimbursement.
Woodland Park's Downtown Development Authority learned that 48 applicants sought micro‑grants totaling $227,799.78 and discussed how to cover a roughly $8,437.78 overage. The board approved multiple reimbursements and directed staff to bring a supplemental appropriation for council review.
Staff said 48 applications were received before the deadline, with a total request of $227,799.78; about six grants are fully executed and around 15 will be forwarded to the committee for review. Because some applications may be denied or incomplete, staff noted there is a chance not all funds will be paid out; nonetheless, staff proposed asking city council for a $10,000 supplemental to increase the program budget from $200,000 to $210,000 should all eligible projects require payment.
"Our program is set up first‑come, first‑serve," Josh explained, noting the time stamps control distribution but that the board can appropriate additional funds through a supplemental resolution if the board wishes. Staff said they will present a resolution to council at the next cycle to request the $10,000 increase so the DDA can cover potential overage.
At the meeting the board approved the final report and $4,990 reimbursement for Colin Corporation (520 West Midland Avenue). The board also approved payment of attorney fees of $2,262 and a TIFF reimbursement to Eminem Estate LLC for $5,973.81; all three motions passed on roll calls recorded in the transcript.
Staff will return with supplemental budget language and a recommended process for handling any remaining applications that would push the program over budget.
