In this Newsletter:
- Support for the Debt Authorization
- Ballot FAQ
- March Meeting - Get your Questions Answered
- 2016 Master Plan Comments still being taken
- Business Directory - now open to all Nederland businesses
Support for the Debt Authorization - Improving and Investing in our Downtown.
The NDDA believes that Nederland's lead resource and business draw is the natural environment and we are committed to preserving and restoring this environment as it is conducive to the growth of business in the district. Keeping what makes Nederland special, as well as ample opportunity for those with the desire and talent to start a small business, is what will make a successful downtown.
The NDDA has to opportunity to effect real change and improvement in the downtown over the next few years and, as the infrastructure and overall appearance of downtown continues to decline, voting for the Debt Authorization now makes a lot of sense.
The sources of frustration for local residents, such as parking, intersection traffic, and neglected properties, are at the top of the list for immediate planning and work. For larger projects, planning and design can be done this year so that funding for implementation can be arranged through grants and partnerships. As funding is identified and secured, larger infrastructure projects can be scheduled quickly.
The NDDA board members are very committed to putting the vision of a thriving, sustainable downtown first and foremost in planning and implementing projects and programs. We have spent many hours over the last year working hard and listening to people, not only businesses, but those who live and shop in Nederland, to develop a plan that can start putting improvements in place as early as this summer.
Approving the the debt authorization will enable the DDA to start using the part of property taxes that are targeted specifically for investment and improvements in the downtown to actually improve and create investment in the downtown. More sales tax revenue and increased property values from improving and investing in downtown will help all of Nederland.
If you have questions about the Debt Authorization Ballot Question or anything related to the NDDA I encourage you to talk with a board member or myself or come to our next Board Meeting, March 16, 6:30 at the Community Center.
Chair, Nederland Downtown Development Authority
From the Candidates Forum
The Downtown Development Authority and Debt Authorization were mentioned several times during the Candidates Forum. There are a few issues being discussed in public to address here.
#1 The debt authorization question was written using feedback from both the business community and Nederland Community at large, gathered over many hours this last year, and approved by the Board of Trustees on February 9, 2016.
#2 Every dollar spent, including the interest, will have to be approved by the Board of Trustees and the public will have an opportunity to weigh in as part of the process.
#3 $2.9 million dollars is not being borrowed at 6% interest. Each project could be funded differently, at varying interest rates and will always be at the best rate available for the type of loan needed and where it comes from. 6% is a conservative number used for projecting the ability to payback over the life of the DDA.
#4 Due to operational budget constraints, and the cost of an election that the NDDA would have to pay for, it could be 2 years before another debt authorization would go to ballot putting all projects and programs on hold until 2018.
Ballot FAQ (condensed - please read the complete FAQ)
By March 4th all qualified electors, property and business owners in the Nederland Downtown Development Authority District should have received a letter notifying them of their eligibility to vote in the NDDA Election and instructions on how. If you have not received a letter by the end of this week and you feel like you are qualified check out the Ballot FAQ for more information on qualifications and how to receive a ballot.
The April 5th Election is an all mail in ballot and ballots will be mailed to voters on March 14th. Ballots must be received at Town Hall before 5pm on April 5th. Qualified NDDA electors have until 5pm on April 5 to return their affidavit and ballot. (In a previous email and information it was mistakenly said you also had to be registered to vote. That is not true, but you must be able to prove you are qualified NDDA elector)
Questions on the election can be answered by the Nederland Town Clerk or NDDA Chairperson or other NDDA Board Members.
March NDDA Board Meeting - get your questions answered
The next NDDA Board meeting will be March 16. The meeting starts at 6:30pm at the Community Center in the Multi Purpose room. this is an opportunity to ask us, the board, anything. We want to answer your questions on the Debt Authorization or your comments on the 2016 Master Plan.
Master Plan public comment
You can download the 2016 Master Plan - final draft or pick up a hard copy at Town Hall. The next public comment opportunity will be at the NDDA Board meeting March 16. The meeting starts at 6:30pm at the Community Center in the Multi Purpose room.
We hope everyone had a successful Frozen Dead Guy Days. I know I speak for many of us business owners when I say I appreciate Amanda MacDonald, her staff and the many volunteers as well as the attendees who make the weekend happen.
Next event would have to be spring break. With a little new snow coming down I hope it will bring some skiers back.