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HomeMy WebLinkAboutCOUNCIL - AGENDA ITEM - 06/12/2007 - UPDATE ON THE ACTIVITIES OF THE DOWNTOWN DEVELOPME DATE: June 12, 2007 WORK SESSION ITEM STAFF: Chip Steiner FORT COLLINS CITY COUNCIL SUBJECT FOR DISCUSSION Update on the Activities of the Downtown Development Authority and Beet Street. GENERAL DIRECTION SOUGHT AND SPECIFIC QUESTIONS TO BE ANSWERED The purpose of this work session is to update the City Council on the activities of Beet Street and the Downtown Development Authority(DDA). No specific questions are being posed. BACKGROUND BEETSTREET It has been one year since City Council was given updates on Beet Street and the DDA. During the 2006 budget considerations, Council approved approximately$738,000 for Beet Street operations. The DDA Board has pledged a total of$3 million to launch the initiative and will be seeking 2008 funding during the upcoming budget hearings. Beet Street staff will address activities that have occurred in the past 12 months. 1. Introduce Carol Bennis, Beet Street Executive Director 2. Beet Street staffing review A. Development Director B. Program Director C. Administrative Assistant 3. Beet Street Committee Member Review 4. Logo and tagline 5. 5016 Status DOWNTOWN DEVELOPMENT AUTHORITY In addition to its work on behalf of Beet Street,the DDA has taken action on 14 downtown projects. DDA staff will discuss the following: 1. 2007 Project highlights • Hotel contract • Mason Corridor Funding • Holiday lights • Housing Authority • Robertson Building • Police Services 2. Tax Increment Financing Legislation Status Report 3. Downtown Sales Tax Report