Duties of the Community Development Authority
Pursuant to Section 66.1335 Wisconsin Statutes (i.e the “Community Development Authority Law”), the City of Sun Prairie City Council passed a resolution (No. 00/87) in May of 2000 creating a Community Development Authority (CDA). 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.
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 in previous years have been 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 has also sold and refinanced debt relating to Tax Increment Finance Districts by means of the Issuance and Sale of Community Development Lease Revenue Refunding Bonds.
Meetings are held as needed at the discretion of the Mayor, and are open to the public unless certain agenda items require closed session negotiations, which are then posted as such.