The Community Development Authority consists of seven (7) members, including the Mayor who serves as Chairperson, one appointed member of the City Council, and five citizen appointees with background and experience with financing of projects.
Pursuant to Section 66.1335 Wisconsin Statutes (i.e the "Community Development Authority Law"), the City of Sun Prairie City Council created a Community Development Authority through ordinance 2.38. The CDA was created as a "corporate body politic" authorized to transact business and exercise any and all powers, duties and functions defined for housing and redevelopment authorities by this statute and related sections of Chapter 66 as amended from time to time.
Duties of the Community Development Authority
The purpose of the CDA is to eliminate or prevent substandard, deteriorated, unsanitary, and blighted areas within the City; provide and retain gainful employment opportunities for citizens of the City; provide affordable housing in the City; encourage growth of the City's tax base; and stimulate the flow of investment capital into the City resultant beneficial effects upon the economy in the City.
The CDA's primary roles are to facilitate borrowing for infrastructure and acquisition costs related to redevelopment projects in the Tax Increment Finance Districts, as well as reviewing and providing direction on specific redevelopment proposals in these areas. The CDA can sell and refinance debt relating to Tax Increment Finance Districts by means of the Issuance and Sale of Community Development Lease Revenue Refunding Bonds.
See Chapter 2.38 of the City of Sun Prairie Municipal Code of Ordinances regarding the specific functions of the City's Community Development Authority.
Meetings are held the second Thursday of the month at 5:30PM in City Hall or as needed at the discretion of the Chair. Please check the calendar for meeting notices and agendas. All meetings are open to the public, however certain agenda items may require closed session negotiations, which are not open to the public, and are labeled as such.