Title
An Ordinance approving the Dissolution of the Barnes & Powers South Business Improvement District.
Located in Council District 6
Presenter:
Allison Stocker, Senior Planner, City Planning Department
Kevin Walker, Planning Director, City Planning Department
Body
Summary:
The Barnes & Powers South Business Improvement District (“the District”) was approved for formation by the City on April 27, 2004, per Ordinance 04-50. The District is located southeast of the intersection of Powers Boulevard and Barnes Road and is home to the Costco Wholesale retail store. As of 2026, the District does not own any assets, has consensus from 100% of the acreage’s landowners to dissolve, and is not responsible for maintaining any public improvements. All debts will be paid on or before December 31, 2026, with the intended date of the final payment of debt scheduled for December 1, 2026. As such, the District requests the City Council of the City of Colorado Springs to consent to a dissolution of the District pursuant to C.R.S. § 31-25-1225.
Background:
The Barnes & Powers Business Improvement District was created in 2004 under the City’s old Model Service Plan and Policies. The District utilized a maximum debt mill levy of 50 mills and a maximum operations and maintenance mill levy of 1 mill. The maximum debt permitted was set to specific amounts for different services and improvements planned by the District as voted on during the May 4, 2004, election. This election permitted three (3) million for street improvements, two and a half (2.5) million for parking facilities, and six and a half (6.5) million for refinancing the District’s debt. An additional election on November 1, 2005, allowed $400,000 for water, and $125,000 for sanitary sewer and storm drainage.
Per the most recent Operating Plan approved for the 2026 operating year, the District identified the permitted services to be provided by the District to include operations and maintenance services...
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