Title
A Resolution of the City Council of Colorado Springs, Colorado Approving the Proposed 2026 Operating Plan and Budget for the Gold Hill North Business Improvement District.
Related Files: N/A
Council District #3
Presenter:
Allison Stocker, Senior Planner, City Planning Department
Kevin Walker, Planning Director, City Planning Department
Body
Summary:
The Gold Hill North Business Improvement District (BID) is a legal entity separate from the City of Colorado Springs. However, as required by State statute, it is necessary for City Council to review and approve the proposed 2026 Operating Plan and Budget for the BID.
The Operating Plan and Budget for this District anticipates they will primarily be engaged in improvement planning and possibly infrastructure work in late 2025 or early 2026. The District will certify an operating Mill Levy of 10.074 mills for 2025 and 53.703 mills toward debt service. The District will continue to install public improvements such as street improvements, waste services, parking facilities, and lighting. The costs of these improvements will be allocated between the District and Gold Hill North Metropolitan Districts Nos. 1 & 2.
Background:
The District was organized in 2021, and a special election for the District consisting of debt and related issues and questions, was held on November 2, 2021. The District is governed by an elected board of directors. The boundaries of this BID encompass about 52.346 acres initially; however, the District has had several inclusions and exclusions over recent years bringing the new acreage of the District to approximately 50.648 acres. The District is located southeast of the intersection of State Highway 24 and South 21st Street.
This District intends to complete services and improvements such as the following within the District: water services, safety protection devices, sanitation services, street improvements, curbs, gutters, culverts, drainage facilities, sidewalks, park...
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