Ann Arbor Downtown Development Authority board meeting (Nov. 3, 2010): The DDA board passed a single resolution at Wednesday’s meeting: to reorganize its committee structure to include a communications and economic development committee.
But board members heard a series of reports, including a look at the financial picture from the first quarter of FY 2010. Fund balances are lower than they’ve been historically – something the board knew to anticipate with the construction of the new underground parking structure along Fifth Avenue. The report from the capital improvements committee indicated that the project is proceeding apace, with headway being made on solving a problem with de-watering the site. During public commentary, the board heard from proponents of putting a community commons on top of the underground parking garage once it’s completed.
At the meeting, the board indicated that they’d take an extended look at their 10-year budget projections at a board meeting in early 2011. Affecting the DDA’s 10-year plan are at least two major items: (1) the Fifth Avenue underground parking garage construction, and (2) ongoing negotiations with the city of Ann Arbor on the amount of “rent” to be paid by the DDA to the city as part of the parking contract under which the DDA manages the city’s parking system.
Other reports from the meeting with a potential effect on the DDA’s budget included an update on the City Apartments project planned by Village Green and located at First and Washington. The DDA is slated to purchase the parking deck component of the project on its completion – for $9 million. Included with the board’s packet were a series of proposed amendments to the parking agreement between the city of Ann Arbor, Village Green and the DDA. Village Green is scheduled to complete its purchase of the First and Washington parcel in May 2011.
Other potential impacts to the DDA’s budget included a report from the board’s partnerships committee that noted a request for grant funding from the Ann Arbor Housing Commission, plus an additional grant funding request from the Shelter Association of Washtenaw County.
The report from the board’s transportation committee included discussion of enhanced service between Ypsilanti and Ann Arbor, as well as the possibility of adapting the #17 route to serve a partial circulator function for downtown. Also related to transportation, the board received a presentation from Pat Cawley, a city of Ann Arbor traffic engineer, on the installation of a new HAWK pedestrian crossing signal at the intersection of Chapin and Huron.
The board also heard from representatives of the Main Street Business Improvement Zone on the delivery of a blueprint for creating other such zones in the downtown.