Title
Introduction of the Downtown Development Authority (DDA) Budget, and Business Improvement District (BID) Operating Plans and Budgets for 2017
Presenter:
Carl Schueler, Planning Manager - Comprehensive Planning
Kara Skinner, Chief Financial Officer
Peter Wysocki, Planning and Development Director
Body
Summary:
This briefing introduces the submitted budget for the DDA as well as the operating plans and budgets for the City's eleven (11) BIDs, as required by Colorado Revised Statutes. Separate memos will be presented for action on each of these agenda items as part of the Regular meeting agenda for October 25, 2016. It should be noted that this summary staff report has been prepared prior to complete review of some these documents. Therefore, verbal updates are expected to be provided in association with this Work Session, and these will be documented as part of the October 25, 2016 agenda.
Previous Council Action:
Council approves these operating plans and budgets for BIDs and the budget for the DDA annually. In August 2014, Council adopted a standard form template for BID plans. After first authorizing their creation, Council periodically takes actions concerning these entities related to activities such as debt issuance, governance changes, and boundary adjustments.
Background:
The twelve (12) referenced documents are attached for review by City Council.
? Barnes and Powers North BID
? Barnes and Powers South BID
? Briargate Center BID
? Colorado Springs Downtown Development Authority
? Creekwalk Marketplace BID
? First and Main BID
? First and Main No. 2 BID
? First and Main North BID
? Greater Downtown BID
? Interquest North BID
? Interquest South BID
? Powers and Woodmen Commercial BID
Highlights for 2017:
Governance - The DDA and the Downtown BID have City Council-appointed boards of directors with categories of representation identified in their authorizing ordinances. The other ten BIDs are development specific, and hav...
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