Title
Approval of an Intergovernmental Agreement (IGA) between the City of Roswell and the Downtown Development Authority (DDA).
Presented by Alice Wakefield, Director of Community Development
Body
Item Summary:
The IGA provides for the remittance of $82,925 approved in the FY 2013 Budget as "seed money" to the Downtown Development Authority and additional funding in the amount of $60,000 for a Master Design Plan of the area directly impacted by the proposed transportation design for Highway 9 beginning at Norcross Street and extending south to Oak Street as well as the initial Economic Impact Study of the subject area.
The term of the IGA is for one year with annual renewals by agreement of both parties for a period not to exceed fifty years.
Committee or Staff Recommendation:
On September 26, 2012 the Community Development and Transportation Committee recommended placing this Item on the October 8, 2012 Mayor and Council Agenda.
Financial Impact:
Upon approval of Budget Amendment Project $60,000 10070101-10-08-12 Organizatiion Unit 10070101, Object 521400
Presented by:
Alice Wakefield, Director of Community Development