Title
A Resolution Approving the 2026 Budget for the Colorado Springs Downtown Development Authority in Colorado Springs Colorado
Presenter:
Chelsea Gondeck, Interim CEO, Downtown Partnership
Body
Summary:
The Colorado Springs Downtown Development Authority (DDA) is a legal entity separate from the City of Colorado Springs. However, City Council approval of the annual budget is required by State statute.
The 2026 budget provides a total appropriation of $7,662,189 for programs, grant agreements, operations and overhead, professional services, and other expenditures. The estimated ending fund balance is projected to be $2,375,929.
Background:
Refer to immediately preceding agenda item concerning certification of the mill levy for this DDA.
Previous Council Action:
City Council approved creation of the DDA in 2006 and 2007 (Ordinance Nos. 06-135 and 07-15). In 2007 City Council passed a resolution adopting the Imagine Downtown Master Plan as the Plan of Development for the Authority. In 2015 City Council approved Ordinance No. 15-20 to include additional property. In 2016 City Council approved Resolution No. 116-16 adopting the Experience Downtown Master Plan and Plan of Development as the revised Plan of Development for the DDA. In August 2021 City Council approved Ordinance No. 21-64 redescribing the boundaries of the DDA to include certain additional property.
Financial Implications:
The 2026 expenditure budget totals over $7.7 million, however, full expenditure of this amount may not occur and would be subject to careful evaluation of program needs by the board. The DDA has the authority to issue debt, although none has been issued to date, and if this were to occur in the future, such debt would be issued in close coordination with and subject to approval by the City.
City Council Appointed Board/Commission/Committee Recommendation:
At its meetings on September 16, 2025, the DDA Board of Directors approved the preliminary 2...
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