Downtown Development Authority
Creating Economic Vitality and Development Opportunities for Downtown Eagle
DDA Boundary Map (above)
The Creation of an Eagle Downtown Development Authority (DDA) was passed November 2020
The redevelopment plan is well underway with the help and guidance of Downtown Colorado Inc. The Downtown Development Authority Committee meets every first Wednesday of the month at 5:00 pm in Eagle Town Hall.
What is DDA?
The Downtown Development Authority (DDA) is a quasi-governmental entities that provide both organization and financing for downtown revitalization efforts, including place enhancements, marketing and promotion, economic development, and public improvements that focus on the city center’s vitality and attractiveness. It will be supported with TIF (Tax Increment Financing) and a board selected by the town council of 7 downtown stakeholders (business and property owners) including one town council person. No property taxes will be raised for this proposed DDA. If you are a property or business owner with in the proposed district boundaries and would like to apply to be on this board please let us know! Email your request here: firstname.lastname@example.org
Why does Downtown Eagle have a DDA?
To financially help with improvements, events, marketing, business startup costs, beautification, maintenance, etc. The DDA can also be a vehicle to help the town facilitate business recovery efforts from COVID by assisting in supporting the businesses we have now and establishing new ones, while maintaining the Town’s character.
How is Eagle's DDA funded?
Tax Increment Financing (TIF) - reallocation of tax revenue, NOT an additional tax, that comes from the increase in valuation of properties. Future TIF projections used as collateral to secure loans for immediate funding. The formation of a DDA will also make it possible to apply for certain grants.
What are the DDA boundaries?
Please see our map
How are residents within the boundaries effected by the formation of a DDA?
The DDA does not affect the residents or property owners in the district. Property taxes were not increased and it does not affect zoning.
Who are the Qualified Electors?
Qualified electors in the DDA includes: landowners, business owners, residents, or lessees located within the DDA boundaries. Landowners or lessees that are entities located within the DDA boundaries may officially designate a representative to vote on their behalf.