Community Development Authority (CDA)
An Economic Development Strategy has been prepared as a working guide (see attached). The CDA may take the following actions, subject to review and prior approval by the Village Board:
- Acquisition of land, buildings, or equipment
- Sell, lease, encumber or retain and manage property acquired
- Issuance of debt or ability to borrow funds
- Invest funds
- Hiring of staff/consultants
- Expenditure of funds in excess of $5,000 and expenditure of any funds not designated in a CDA account
- Exercise of eminent domain
- Amendments, deletions, or additions to By-Laws
- Preparation of a CDA budget
The CDA has seven commissioners and an Executive Director. Check the Agendas and Minutes section for the latest meeting news.
Economic Development Strategy