Title
Ordinance No. 17-105 organizing the Interquest Town Center Business Improvement District and appointing an initial Board of Directors. (Legislative Item)
Presenter:
Conrad Olmedo, Comprehensive Planner II, Planning and Community Development Carl Schueler, Comprehensive Planning Manager, Planning & Community Development
Bod
Summary:
This is a request to create a new Interquest Town Center Business Improvement District ("District") to finance improvements within its boundaries to benefit retail and commercial business therein and appoint an initial Board of Directors.
This item will be presented for action at the October 24th, 2017 City Council meeting.
This agenda item was presented on October 24, 2017, at which time only a redline version of the Operating Plan and Budget was available as part of the agenda. A clean blackline version has now been provided with this agenda. It includes a copy of the proposed 2017-2018 budget for this BID.
Previous Council Action:
Certain properties in this area were either previously excluded from the Interquest South Business Improvement District or are currently being proposed for exclusion. Council has approved various Planned Unit Development zoning applications for portions of this proposed District area.
On October 9, 2017, this item was introduced to City Council during the Work Session.
On October 24, 2017, City Council postponed this item to November 14 in order to allow consideration of the correct version of the Operating Plan and Budget for this BID.
On November 14, 2017, this Ordinance organizing the Interquest Town Center Business Improvement District was approved on first reading. The motion passed by a vote of 9-0-0-0.
Background:
BIDs are created under Colorado Statutes and City Policy to finance and/or maintain certain public improvements in non-residential areas, primarily utilizing a property tax mill levy as the revenue source. By Colorado Statutes, properties assessed as resi...
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