City of Plymouth Proposed 2022-2023 Budget - Flipbook - Page 209
The Downtown Development Authority Capital Improvement Fund was created
during 1999 to accumulate funds needed to provide for future major repairs,
replacements and additions to the downtown parking facilities and streetscape
improvements now in place.
Based on the passage of tax Proposal A in 1994 and subsequent legislation
limiting school tax capture, DDA funding for major capital projects became
limited. Therefore, the DDA Capital Improvement Fund was created to set
aside funds for future capital replacement needs.
-494DOWNTOWN DEVELOPMENT
AUTHORITY
CAPITAL IMPROVEMENT FUND
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