Title
RESOLUTION TO PUT FORWARD THE DDA BUDGET FOR FY26-FY27
Body
Whereas, PA 57 of 2018 requires that the Director of the Authority will prepare and submit for the approval of the DDA Board a budget for the operation of the Authority for the ensuing fiscal year;
Whereas, The statute also requires that the budget be prepared in the manner and contain the information required of municipal departments;
Whereas, The DDA has submitted its FY26‐FY31 capital improvement items for inclusion in the City of Ann Arbor’s Capital Improvement Plan as required by City Ordinance, and that Plan has been approved by the Planning Commission for inclusion in the FY26 and FY27 Budgets;
Whereas, The DDA Board held work sessions to review the draft FY26 & FY27 Budgets;
Whereas, the DDA Board has reviewed the updated Ten‐Year Plan which includes long‐range projections for capital improvements, debt service, grants, City 20% payments, and contingencies, as well as TIF revenues and parking revenues;
Whereas, Before the budget may be adopted by the board, the statute requires that it be approved by the governing body of the municipality;
Whereas, DDA staff are scheduled to participate in a City Council budget work session scheduled in March;
RESOLVED, The DDA Board authorizes DDA staff to put forward the FY26 and FY27 Budgets to City staff for inclusion in the City’s Budget Document, and for consideration by City Council at their May public hearings before the Budget comes back to the DDA Board for final adoption in June.