Title
An ordinance including certain property into the boundaries of the Gold Hill North Business Improvement District
(Legislative)
Presenter:
Kyle Fenner, Senior Planner, Planning and Neighborhood Services
Kevin Walker, Interim Director, Planning and Neighborhood Services
Body
Summary:
This ordinance would include certain property into the Gold Hill North Business Improvement District ("District"). This Business Improvement District (BID) finances public improvements costs and provide services for the current and future phases of the Gold Hill Mesa project located south of U.S. Highway 24 on the west side of Colorado Springs. The applicants are using a combination of this BID and two associated metropolitan districts to provide public financing and associated district services for this project area. Generally, commercial properties are included within this BID with residential properties being included in one of the two metropolitan districts.
This BID's Operating Plan and Budget continues to conform with the City's standard form template for BIDs.
Background:
This BID provides property tax-based public improvements financing and services for the redevelopment of this site. By state law, BIDs cannot assess residential properties for property taxes.
The Operating Plan and Budget continues to allow for a mill levy cap of up to 50.0 mills. The maximum operations and maintenance mill levies will be 10.0 mills.
By State law, any district inclusions or exclusions must be approved by City Council.
The property is located in a designated urban renewal area (Gold Hill Mesa Commercial Urban Renewal Area). The urban renewal plan for this property was approved in 2015 as essentially a carve out of the original 2004 designation of the entire Gold Hill Mesa project.
Previous Council Action:
City Council approved the original service plan for this District on July 27, 2021, (Resolution 100-21). An ordinance creating the related Gold Hill No...
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