FINANCIAL_SERVICESAPPROVED

Fraser Downtown Development Authority Board Meeting Agenda March 2026

DDA OKs Ten-Year Funding Framework For FVA

Ten thousand dollars ($10,000) in any single fiscal year; cumulative cap one hundred thousand dollars ($100,000)Town of FraserFRASER VALLEY ARTSMarch 10, 2026

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Description

The Fraser Downtown Development Authority approved a ten‑year funding agreement framework with Fraser Valley Arts to support the Fraser Center for the Creative Arts. Subject to annual appropriation and revenue thresholds, contributions are capped at $10,000 per year and $100,000 total over the life of the agreement.

Contract Details

Contract Amount

Ten thousand dollars ($10,000) in any single fiscal year; cumulative cap one hundred thousand dollars ($100,000)

Vendor

FRASER VALLEY ARTS

Agency

Town of Fraser, CO

Contract Type

FINANCIAL_SERVICES

Document Date

March 10, 2026

Contract Term

Initial term not to exceed ten (10) years from Effective Date; subject to annual appropriation and annual review

Renewal Info

Agreement automatically expires ten (10) years after the Effective Date unless renewed by formal written agreement approved by the DDA Board; funding is reviewed annually during the budget process and is subject to annual appropriation, with termination if non-appropriation continues for three years after revenue thresholds are met.