Title
A Resolution of the City Council of Colorado Springs, Colorado Approving the Proposed 2026 Operating Plan and Budget for the Barnes & Powers North Business Improvement District.
Related Files: N/A
Council District #6
Presenter:
Allison Stocker, Senior Planner, City Planning Department
Kevin Walker, Planning Director, City Planning Department
Body
Summary:
The Barnes & Powers 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 District will decrease its mill levy from 1.047 mill to 0.985 mills for operations and increase from 51.348 to 53.703 mills for debt service in 2026. Other than the mill levy change the Operating Plan and Budget for this BID includes no significant anticipated activities or changes. The District will continue to service its remaining debt and providing ongoing operations services on behalf of Barnes & Powers South BID.
Background:
This District was formed in 2004 to serve the northeast corner of the intersection of Barnes Road and Powers Boulevard. Since its creation, the District has held the same boundaries including approximately twenty-eight (28) acres. This BID has an elected board comprised of individuals associated with Nor'wood Development Group. The District is authorized to provide the acquisition and financing of improvements, construction of improvements, operation and maintenance of parking facilities, roadways, lighting, driveways, public utilities, and landscaping.
The District's mill levies consist of debt service and operation and maintenance mills. In 2024, these mill levies consisted of 51.384 mills and 1.047 mills respectively. Whereas in 2025, these mills will change to 53.703 mills and 0.0985 mills. The District incurs additional revenue in the form of Public Improvement Fees (PIF). There...
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