Community Development Authority Services
As independent, corporate entities, community development authorities (CDAs)
finance the construction of community facilities, meaning they assemble land,
erect public buildings, and make streets, sewers, schools, utilities and other
infrastructure improvements. This allows residents to enjoy essential services,
as well as a higher quality of life. CDAs encourage cooperation between local
governments and developers to aid in the creation of well-planned, diverse new
communities. They also provide a resourceful way for communities to finance
infrastructure improvements and spur economic development activity without
tying up their own borrowing capacity. With the ability to sell bonds, collect
revenues and provide residents with services in recreational programming,
health and sanitation, CDAs generate revenues that are collected through a
community charge and can be used for all of its public purposes. Argus team
members assist clients with the creation of their CDA and the administration of
its policies.
Argus CDA services also do the following:
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Study details of the project to determine the scope and feasibility of
proceeding with the creation of a CDA
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Assist with the compilation of materials necessary for the preparation of the
CDA petition
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Analyze development projections to determine appropriate levels of community
charge
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Develop and implement a systematic process for the CDA to bill and collect
revenues
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Audit and update billing data
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Direct and monitor use of revenue
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Monitor development activities to determine charge adjustments and feasibility
of community expansion