DDA Amends Bylaws, OKs Management Fee
Ann Arbor Downtown Development Authority board meeting (Feb. 3, 2010): The DDA board passed two resolutions at its Wednesday meeting. The first authorized a $45,000 discretionary part of the management fee in Republic Parking’s contract.
The second resolution amended the DDA bylaws. The change eliminates the ability of the executive committee to act on behalf of the board between regular board meetings, and clarifies the role of the executive director in relationship with the board. Efforts to change the bylaws have accumulated over two years worth of history, and still need the approval of the Ann Arbor city council to take effect.
Another main theme of Wednesday’s meeting was finances – from parking revenues to tax increment finance (TIF) capture, to the housing fund.
And in a nod to the Bill Murray film “Groundhog Day,” we note that The Chronicle’s report of the DDA board’s February meeting from last year also featured a big drill as lead art. Both drills are related to the construction of the underground parking garage along Fifth Avenue. The board received updates on that and other construction projects, as well as on planning and development downtown. [Full Story]