Title
A Resolution of the City Council of Colorado Springs, Colorado Approving the Proposed 2026 Operating Plan and Budget for the Barnes & Powers South 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 South 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.
In 2025, the District anticipates that it will certify 12.000 mills for debt service and 1.041 mills for operations and maintenance. Both mill levies will be lowered to 8.480 mills and 0.931 mill in 2026 respectively. Other than the mill levy change the Operating Plan and Budget for this BID includes no significant anticipated activities or changes. District activities in 2026 will focus on administration and servicing its remaining debt. The District has completed all its development and anticipates going into 2026 with only $75,000 dollars of remaining debt. The remaining debt is anticipated to be fully paid in 2026.
Background:
The boundaries of this development-specific BID were established pursuant to an election in 2004. The District is located at the southeast corner of the intersection of North Powers Boulevard and Barnes Road and contains 17.33 acres. This BID has an elected board comprised of individuals associated with Nor'wood Development Group. The District primarily exists to serve the existing Costco Wholesale Retail Store which is the only commercial entity within the District. Barnes & Power North Business Improvement District (immediately north) provides maintenance and operation services on behalf of the District.
The District is authorized to provide the acquisition of improvements, construction...
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