Title
A Resolution of the City Council of Colorado Springs, Colorado Approving the Proposed 2026 Operating Plan and Budget for the Greater Downtown Colorado Springs 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 Greater Downtown Colorado Springs 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 BID anticipates no significant changes from the prior year, other than setting aside a small contingency from the reserves to be used in the event of extraordinary circumstances such as capital replacement or snow removal beyond the seasons average.
Background:
The first BID, the Pikes Peak Avenue BID, was adopted and approved in 1994. Following two voter-approved expansions, the current BID - The Greater Downtown Colorado Springs BID - was organized in 2001. It encompasses approximately 32 city blocks (approximately 371 acres) and is located inside of the more extensive Colorado Springs Downtown Development Authority (DDA) boundaries. A limited inclusion of properties along the block of 500 South Tejon and 600 South Tejon, east and west, is carried forward as a potential future activity in this plan.
The District is authorized to exercise all the powers, functions, and duties specified in the Business Improvement District Act. Its board of directors is appointed by City Council in accordance with categories of representation (e.g. type of business) as outlined in the establishing ordinance. The majority of this BID's budget is devoted to public space management and marketing. This District limits its operations to maintenance activities that benefi...
Click here for full text