Title
Approval of the Proposed 2017 Operating Plan and Budget for the Greater Downtown Colorado Springs Business Improvement District
Presenter:
Carl Schueler, Planning Manager - Comprehensive Planning
Kara Skinner, Chief Financial Officer
Peter Wysocki, Planning and Development Director
Body
Summary:
The Greater Downtown Colorado Springs 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 2017 Operating Plan and Budget for the BID.
Previous Council Action:
City Council originally approved formation of a predecessor of this BID in 1994, and has subsequently approved two inclusions of property (Ordinance No. 01-156 establishes the current boundaries). City Council has approved the BID's Budget and Operating Plan annually since its formation.
Background:
The first BID, the Pikes Peak Avenue BID, was adopted and approved in 1994. Following two voter-approved expansions, the current BID - The Greater Downtown Colorado Springs BID - was organized in 2001. It encompasses approximately 30 city blocks, and is located inside of the more extensive Colorado Springs Downtown Development Authority (DDA) boundaries. A limited inclusion of properties along the block of 500 South Tejon is carried forward as a potential future activity in this plan
The District is authorized to exercise all the powers, functions, and duties specified in the Business Improvement District Act. Its board of directors is appointed by City Council in accordance with categories of representation (e.g. type of business) as outlined in the establishing ordinance. The majority of this BID's budget is devoted to public space management or marketing.
This Operating Plan and Budget is provided in format consistent with the new standard template approved by Council in August 2014 for these documents.
Financial Implications: ...
Click here for full text