The Cottonwood Development Corporation is organized exclusively for the purpose of benefiting the City by use of the powers granted to the Corporation under Chapter 431, including, without limitation, by aiding, assisting, and acting on behalf of the City to promote the common good and general welfare of the City.
The purpose of these boards within a Tax Increment Reinvestment Zone is to oversee the administration and financials of the Zone, pursuant to the Tax Increment Financing Act.