TO: Mayor and Members of City Council
THRU: Kelly Strickland, Assistant City Manager
FROM: Christopher Cauley, MPA - Economic & Community Development Director
Derrick McArthur - Economic Development Manager
DATE: August 11, 2025
RE:
Title
Acceptance of the Downtown Municipal Service District Fourth Quarter Report from Cool Spring Downtown District, Inc.end
COUNCIL DISTRICT(S):
Council District(s)
District 2
b
Relationship To Strategic Plan:
Goal II: Responsive City Government Supporting a Diverse and Viable Economy.
• Objective 2.1: Ensure a diverse City tax base.
• Objective 2.2: Invest in community places to ensure revitalization and increase the quality of life.
• Objective 2.4: Sustain a favorable development climate to encourage business growth.
Executive Summary:
City Council is asked to accept the fiscal year 2025 fourth quarter report from the Cool Spring Downtown District (CSDD).
Background:
On July 1, 2023, the City and CSDD entered into an agreement to provide Enhanced Services for an Arts and Entertainment Focused Downtown Municipal Service District (MSD). The Enhanced Services for an Arts and Entertainment Focused Downtown MSD contains five service elements: Economic Vitality and Development; Art and Design Enhancements; Promotion and Marketing; Special Events and Programming and Partnership, along with Organizational Support and Conflict Resolution.
Issues/Analysis:
Several key items to note in the Quarterly Report:
• Twelve (12) new businesses welcomed to the district.
• Over 900,000 gross square footage of ongoing business expansions and infill projects.
• Over 1,200,000 visits and 468,500 unique visitors to the district.
• Added one (1) new placemaking initiative to the district.
• Progress on the district's strategic planning process.
• Interim President/CEO participating in committee regarding safety logistics for downtown events, ongoing
Budget Impact:
There is no impact on the budget as funds for this project were approved for the 2025 fiscal year from the revenues generated by the MSD property tax rate.
Options:
1. Accept the report as presented.
2. Do not accept the report and provide guidance to staff.
Recommended Action:
Staff recommends that Council move to accept the fiscal year 2025 fourth quarter report from the Cool Spring Downtown District as presented.
Attachments:
CSDD Quarterly Report April 1, 2025- June 30, 2025