Title
Overview of 2015 annual Council actions concerning the Downtown Development Authority budget, Business Improvement District (BID) budgets and operating plans, General Improvement District (GID) budgets, Special Improvement Maintenance District (SIMD) budgets, and related matters
Body
From:
Kara Skinner, Chief Financial Officer
Peter Wysocki, Planning and Development Director
Carl Schueler, Planning Manager - Comprehensive Planning
Summary:
This briefing provides background on the upcoming annual actions City Council must take regarding the budgets and related matters for various City-related districts and authorities.
Previous Council Action:
In October and November of prior years, Council has approved the operating plans and budgets for Business Improvement Districts (BIDs), the budget for the Colorado Springs Downtown Development Authority (DDA), and budgets and mill levies for its General Improvement Districts (GIDs) and Special Improvement Maintenance Districts (SIMDs). In August 2014, Council adopted a standard template for BID operating plans and budgets.
Background:
Each year City Council must undertake a variety of primarily budget-related actions concerning the districts it either controls or has a statutory role in. These actions and anticipated dates include the following:
Council Work Session - Oct. 13th
BIDs (10): At the first work session in October, BID operating plans and budgets and DDA budget are initially provided to City Council and summarized.
Regular Council Meeting - Oct. 14th
GIDs (4): At the first meeting in October, City Council (as the GID Boards) sets the Public Hearings for the second meeting in November (preliminary budgets are submitted). As the GID Boards, the requests to set the Public Hearings are approved by motion (no resolution or ordinance).
Regular Council Meeting - Oct. 28th
BIDs (10): At the second meeting in October, BID budgets and operating plans are pres...
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