SUBJECT/RECOMMENDATION:
Title
Amend the budget for the Downtown Development Board (DDB) for fiscal year 20/21 and adopt DDB resolution 21-01.
Body
SUMMARY:
The DDB has $380,000 available in the unallocated fund balance line. Staff recommends reserving $100,000 in reserves and allocating $280,000 as follows:
$5,000 for Operating Expenditures
$75,000 in Special Events Grants
$75,000 in Project/Policy Work Grants
$125,000 in Business Assistance Grants