Daily Press Writer
MONTROSE ” The Downtown Development Authority Steering Committee believes a DDA is the way to go ” as does several studies ” but the ultimate decisions falls on the voting residents, and business and property owners within the authority’s boundaries.
A DDA is a separate corporate body that is governed by state statutes. It has a board of directors approved by city council with representation from downtown property and business owners, as well as members of council. It has direct funding sources that enable its to set forth long-term visions for the authority.
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Grand Junction formed a DDA about 25 years ago, and it is projected that the authority will collected about $2.2 million in 2009 from different income streams, Brown said. To read about other Colorado communities with authorities, along with other DDA information, visit www.montrosedowntown.com.
Currently, the committee is educating those within the boundaries, as well as service organizations about a DDA and its need to revive and sustain the downtown area.
Its next public meeting is Nov. 18 at 6:30 p.m. upstairs at the Montrose Library.
“We are looking for broader ways to communicate,” Brown said. At its next meeting, the committee will discuss how to reach all the voting entities, which includes those who live, own or lease property in the defined area (see map of proposed area).
Communication is important, as the creation of a DDA has to be approved by the voters in April, the designated area of that authority to be set sometime in January, Brown said.
There are three prongs to funding a DDA.
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