Title
Ordinance No. 21-35 Organizing the GSF Business Improvement District and Appointing an Initial Board of Directors.
(Legislative)
Presenter:
Carl Schueler, Planning Manager- Comprehensive Planning, Planning & Development Department
Peter Wysocki, Director of Planning and Community Development
Body
Summary:
This ordinance would create a GSF Business Improvement District ("District") , appoint initial directors and approve an initial Operating Plan and Budget subject to annual review and approval. This BID would finance public improvements costs and provide services for the proposed redevelopment of the former Gazette and St. Francis Hospital properties located just east of Downtown along Pikes Peak Avenue. The petitioners propose to use a combination of this BID and two associated metropolitan districts to provide public financing and associated district services for this project area. Generally, commercial properties would be included within this BID with residential properties being included in one of the two metropolitan districts.
No deviations from the Special District Policy are being requested for this BID. Its initial Operating Plan and Budget conforms with the City's standard form template for BIDs.
Staff and applicant PowerPoints summarizing both this request and the associated metropolitan districts service plan are included with the preceding agenda item.
This item was discussed by the City Council Budget Committee on March 2, 2021, and the item was introduced at Council Work Session on March 8, 2021.
Background:
This BID would provide property tax-based public improvements financing and services for the proposed redevelopment of this site. The overall proposed district boundary area encompasses about 23 acres initially, with exclusions of property expected to occur as horizonal or vertical properties are identified for inclusion in one of the metropolitan districts. The overall metropolitan district/BID structure would be s...
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