Title
A Resolution of the City Council of Colorado Springs, Colorado Approving the Proposed 2026 Operating Plan and Budget for the Interquest North Business Improvement District.
Related Files: N/A
Council District #2
Presenter:
Allison Stocker, Senior Planner, City Planning Department
Kevin Walker, Planning Director, City Planning Department
Body
Summary:
The Interquest North 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 District will increase its mill levy from 1.043 mills to 1.041 mills for operations and will alter the debt service mill levy from 12.00 to 5 mills. The Operating Plan and Budget for this BID anticipates continuing development and public improvement activity within this BID, some of which includes routine maintenance of damaged infrastructure. There are no anticipated changes to the boundaries, board composition, permitted improvements, or new debt to this District in the upcoming reporting year.
Background:
The BID boundaries were established pursuant to an election in 2004, with an additional property inclusion approved by City Council in 2007. The properties encompass approximately 112 acres located northeast of the intersection of Interstate 25 and Interquest Parkway. The District's elected board is comprised of individuals associated with Nor'wood Development Group. The District anticipates continued public improvement construction and the provision of operations and maintenance services in 2026, including, but not limited to, parking and street maintenance and operations, including snow removal, landscaping, stormwater, marketing, common area maintenance, and security services as needed.
In 2025 the District received approval from Council (Ord. 25-40) to include five acres of property into the District. This property...
Click here for full text