Agenda Date: 04/02/2024
Subject:
Title
Resolution 34-2024: Approving an Intergovernmental Agreement between the City of Littleton and the Littleton Downtown Development Authority (LDDA) for Downtown Development Authority Support and Services
Body
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From: |
James L. Becklenberg, City Manager |
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Prepared by: |
Kathleen Osher, Assistant City Manager |
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Presentations: |
Jenny Starkey, Starkey Strategies, LDDA Interim Director |
PURPOSE:
Council review and approval of the agreement outlining the cooperation between the city and LDDA.
LONG-TERM OUTCOME(S) SERVED:
Vibrant Community with a Rich Culture; Robust and Resilient Economy
DISCUSSION:
The attached Intergovernmental Agreement is the continuation of the partnership formed last year between the city and the LDDA. The agreement outlines LDDA duties and city duties for the working relationship between the two entities. This is the second IGA between the city and the LDDA and the agreement has added the following:
• Recognition of the exclusive use of certain Sternberg lights including the maintenance and upkeep of the brackets and banners.
• Quarterly reports to the LDDA identifying sales tax increment revenues received by the city for the benefit of the LDDA, and the transfer of revenues to an account designated by the LDDA on an annual basis.
• The annual budgeting process, which includes certifying a mill levy appropriation on behalf of the LDDA consistent with the budget adopted by the LDDA and approved by the City Council. The Parties agree that the deadline for the LDDA to submit a draft budget to the city shall be extended from July 31st to September 13th in calendar year 2024, in order for the LDDA to have the benefit of a preliminary assessed valuation report in formulating its budget.
• The city’s 2024 contribution to support LDDA operations will be $193,517.
BACKGROUND:
The LDDA Board approved the proposed IGA with the City of Littleton at its March 20, 2024 meeting. The attached IGA was prepared by LDDA counsel and reviewed by the City Attorney and Finance Director. This IGA is being presented during General Business to allow for discussion between LDDA’s Executive Director and City Council members.
Prior Actions or Discussions
• Voters approved all three ballot questions related to the formation and funding of the LDDA on November 8, 2023.
• Council approved Ordinance 29-2022 creating and establishing the Littleton Downtown Development Authority (LDDA) and determining organizational aspects of the LDDA on December 6, 2022.
• Resolution 84-2022 approving appointments to the Littleton Downtown Development Authority Board and terms for each appointee was approved by Council on December 13, 2022.
• LDDA elected Board leadership on January 18, 2023.
• The LDDA continues to meet monthly in 2024.
FISCAL IMPACTS:
The City of Littleton will support the Littleton Downtown Development Authority (LDDA) with $193,517 in federal American Rescue Plan Act (ARPA) funds in 2024 after missing a filing deadline to certify the LDDA's mill levy in December. In a presentation to city council February 6, City Manager Jim Becklenberg said city officials believed the LDDA was responsible for submitting its mill levy certification to the county, but in discussions with city and county legal counsel, it was determined the responsibility actually falls on the city government.
STAFF RECOMMENDATION:
Staff recommends that council approve the IGA between the LDDA and the city to continue the professional management of Downtown.
ALTERNATIVES:
Council could request modifications to the Intergovernmental Agreement and city staff would work directly with LDDA Board leadership, LDDA staff, and their legal counsel.
PROPOSED MOTION:
Proposed Motion
I move to approve Resolution 34-2024 approving an Intergovernmental Agreement between the City of Littleton and the Littleton Downtown Development Authority (LDDA) for Downtown Development Authority Support and Services.