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3rdand BroadwayPBA/CDANovember 17, 2020Slide 12What is a DDA?• Contract between a developer and City involving disposition of City-owned property• Formalizes Negotiated Deal Points• Outlines the terms of the transaction• Milestones for the developer to achieve• Method of conveyance of the property, parking structure operational agreements, and all city participation options if the project is sold in the future