Title
Ordinance No. 18-77 organizing the USAFA Visitor's Center Business Improvement District and appointing the initial Board of Directors. (Legislative Item)
Presenter:
Peter Wysocki, AICP, Planning and Community Development Director
Carl Schueler, Comprehensive Planning Manager, Planning & Community Development
Body
Summary:
This is a request to create a new USAFA Visitor's Center Business Improvement District ("District") to finance and maintain improvements within its boundaries to support the development of a 57-acre commercial mixed-use development located near the north entrance to the United States Air Force Academy (the "Project"), which is proposed to include a combination of visitor center, hotel, office, retail and open space uses. The ordinance also appoints the initial Board of Directors of the District. This item will was presented for action at the July 24th, 2018 City Council meeting.
Staff note: Earlier in the submittal and review process, this proposed BID had been referred to as the "Blue and Silver Business Improvement District".
Upon first reading or this ordinance on July 24, 2018, the adopted motion for approval was as follows:
Motion by Councilmember Knight, seconded by Councilmember Bennett, to approve on first reading the Ordinance organizing the USAFA Visitor's Center Business Improvement District, amending section 4 to reflect an initial City Council appointment of a board of directors with a subsequent election of board members no later than May 2022, and amendment of the 2018 Operating Plan and Budget in Section 2.D. to remove the language "term limits will be waived" and in Section 6.B. amend the language to set a maximum debt authorization limit of $22M. The motion passed by a vote of 7-2-0-0
A revised initial Operating Plan and Budget is attached with these changes incorporated.
The Project is located on property owned by the United States Air Force Academy ("USAFA") that will be developed through a long ter...
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