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HomeMy WebLinkAbout2006 Ordinance No. 029• • • ORDINANCE NO . ~ SERIES OF 2006 BY AUTHORITY COUNCIL BILL NO . 29 INTRODUCED BY COUNCIL MEMBER TOMASSO AN ORDINANCE ESTABLISHING THE SOUTH BROADWAY ENGLEWOOD BUSINESS IMPROVEMENT DISTRICT AND DECLARING AN EMERGENCY . WHEREAS , on May I 5, 2006, the City Clerk received a petition ("Petition") requesting that the Englewood City Council establish a business improvement district to be known as the South Broadway Englewood Business Improvement District along South Broadway from the 2700 Block through the 3500 Block , in the City of Englewood, Colorado pursuant to 31-25-1201, et seq ., C.R.S.;and WHEREAS , the petition was accompanied by the required cash deposit and a proposed 2007 operating plan and budget (the Operating Plan); and WHEREAS, the City Clerk presented the Petition and Operating Plan to the Englewood City Council at a regular meeting held July I 0, 2006 at which time the City Council held a public bearing on the petition; and WHEREAS , the City Clerk bas caused required notice of said public hearing to be published and mailed by first class mail to all property owners within the proposed South Broadway Englewood Business Improvement District (the "District"); and WHEREAS , the Englewood City Council held the public hearing on July 10, 2006, at which time the petitioners and other interested parties appeared and were given opportunity to be heard; and WHEREAS, the evidence presented at the public hearing demonstrates that all conditions imposed by state law for the organization of a business improvement district exist in this case and support the organization of the District ; NOW , THEREFORE, BE IT ORDAINED BY THE CITY COUNC IL OF THE CITY OF ENGLEWOO D, COLORADO, AS FOLLOWS : ~ An emergency is hereby declared requiring immediate passage of this Ordinance for the reason that under Section 1-5-203 of the Uniform Election Code , the BID must certify the ballot content no later than six!)· days prior to the November 7, 2006 General Election . Accordingly, City Council finds and determines that an emergency exists and that passage of the within Bill for Ordinance is nec essary for the immediate preservation of public property , health , peace and safety and shall become effective immediately upon final passage and published within seven days of final p,ssage. ~-The above and foregoing recitals are incorporated herein by reference and arc adopted as findings and determinations of the Englewood City Council. The Englewood City Council further finds and determines as follows : A. The Petition is in the form and content required by state law . B. The total valuation for 111C111Dent of the taxable real and penonal property in the • service area, according to the records of the Anpaboe County Aueuor, is $11,336,790 . C. The signatures on the Petition are aenuine, and repraent ownenbip of n ,al and personal property in the service area bavina a valuation for umament of $6 ,058 ,980 , which is more than fifty percenl of the total valuation. D. The acreage in the proposed Districl 11 25 .2 ICIU E. The signatures on the Petition repreacnt ownenhip of 14.1 acres , which is more than fifty pe,cent of the total acreaae of the Di1trict. F. All other allegations of the Petition are true . G. The types of services or improvemenu to be provided by the proposed District are those services or improvements, which best satisfy the purposes of Pan 12 of Article 25 , Title 3 I C.R.S . H. Not less than fifty percent of the service area has , before the passage of this Ordinance, been developed and used as commercial property, and at the present time the service area is used primarily as commercial property. None of the property within the boundaries of the District is classified other than as commercial property, and none of such property is within any other existing business improvement district. I. All of the property within the boundaries of the District is within the corporate limits • of the City of Englewood, Colorado . ~ Based on the above findings, the Englewood City Council declares the District organized under the corporate name of the South Broadway Englewood Business Improvement District, with the boundaries and service area specified in The District Operating Plan and Budget dated March 3, 2006 . The District shall have all powers conferred by statute upon business improvement districts to furnish the services and facilities enumerated in the Operating Plan for 2007, which Operating Plan is also hereby approved. ~4. The Board of Directors of the District shall consist of seven electors of the District appointed by the Englewood City Council as more fully set forth through a Resolution. The initial terms so appointed shall commence on the effective date of this Ordinance and extend until the dates specified in the Resolution . Upon the expiration of the initial tenoa, successors shall be appointed for terms of three years . The City Council shall appoint pcraons to fill new terms and vacancies from slates of nominees submitted to City Council by the Diatrict Board of Directors. City Council may, 10 iu discretion, decline to appoint the slate of nomi-. !f it does so, the entire slate shall be returned to the District Board of Directon who lhall 1ubmit ano1'her slate of nominees for consideration by City Council. Slates submitted by the Di1trict Boa:d of Directors shall be compow.l of persons who are then electon of the Diatrict and whoae appointment will result in a Board of Directors whose composition is consi1tent with the standards set forth in the Operating Plan currently in effect. ~-The Mayor is ,uthorized to execute and the City Clerk to attest and aeal for and on behalf of the City of Englewood, Colorado , 2 • • • • ~-Supscl Prpyjsjop . The South Broadway Englewood Business Improvement Diatrict shall terminate in ten (IQ) years unless renewed by Council Ordinance . A Public Hearing was held on the 10th day of July , 2006 . Introduced, read in full, and passed on first reading as an emergency ordinance on the 24th day of July, 2006 . Published as an emergency Bill for an Ordinance on the 28th day of July , 2006 . Read by talc and passed on final reading as an emergency Ordinance on the 7th day of Auaust, 2006 . Published by title as emergency Ordinance No .~. Series of 2006 , on the 11th day of August, 2006 . This emergency Ordinance shall be effective as of the 8th day of August , 2006. <'. I, Loucrishia A. Ellis , City Clerk of the City of Englewood, Colorado, hereby cenify that the above and foregoing is a true copy of the Ordinance passe final reading and published by title as Ordinance No . 2tj.. Series of 2006 . 3 • • • COUNCIL COMMUNICATION Date: Asenda Item: Subject: July 24, 2006 11 a ii Emergency Ordinance Establishing the South Broadway Englewood Business Improvement District Initiated By: Staff Source: Community Development Department Darren Hollingsworth, Economic Development Coordinator COUNCIL GOAL AND PREVIOUS COUNCIL ACTION Pursuant to Colorado Revised State Statutes§ 31 -25 Part 12, City Council conducted a public hearing on July 10, 2006 to determine the following: Review and determine the sufficiency of the pe tition and signatures requesting formation of the South Broadway Englewood Bus iness Improvement District. Determine if the allegations of the organization petition are tru, Determine if the ser,ices or improvements to be prov ided by the proposed district are those services or improvem ents which best satisfy the purposes set forth in the statutes . Last fall City Council authorized a contract with Progressive Urban Management Associates (PUMA) to study the feasibility of creating a Business Improvement District in Englewood . RECOMMENDED ACTION Community Development staff recommends Council adopt a Bill for an Emergency Ordinance creating the South Broadway Englewood Business Improvement District (BID) pu,.uant to Color,1do Revised State Statutes § 31 -25 Part 12 . BID BACKGROUND AND PURPOSE Th e South Broadway Englewood Business Impro vement District is a special aHeHrnent district designed to improve the economic vitality and overall commercial appeal of the South Broadway corridor in Englewood. The BID will provide programs to businesses and commercial properties that will include district marketing, promotions, enhanced safety and ma intenance . BID services will be in addition to services provided by the City of Englewood. The BID can perform the following kinds of functions within the following general categories (final BID programming will be determined by the BID board). Marketing, Promotions and lmase Enhancement • Public relations t<l project a positive image of the South Broadwa1/ corridor • Collaborative advertising among South Broadway businesses • Production and packaging of marketing materials including South Broadway map, directory and website • Newsletter and other district communications • Market research and stakeholder ,u"'cys • Special events lncl'lding themed, historical events and ongoing events programming • Enhanced Safety and Maintenance • Enhanced safety patrols • More effective communication with Englewood Police • Video monitoring • Community and business watch prograr • Graffiti cleanup • Sidewalk power washing Special Projects • Banners • Gat eways • Signage • Public art • Cosmetic improvements • Other projects as appropriate BID PETITION FINDINGS The original Business Improvement District (BID) petitions were submitted on May 15, 2006. There were 90 petition sections submitted. After the verification process was completed , 27 petitions were returned for cure . The cure period ended on June 1, 2006, with 22 petitions being • resubmitted and one petition submitted for the first time . After the verification process was completed, two petitions were rejected . Total District assessed value is $11 ,336,790. Total District land area is 1,096,051 square feet A<sessed value from petitions submitted and accepted is ~6,058, 980. The assessed value from the pr:titions submitted and accepted to the total District assessed value is 53 %. The land/acreage from the petitions submitted and accepted to the total District land/acreage is 56%. The law requ ires that the petitions cannot represent less than 50% of the assessed valuation and has to represent at least 50% of the acreage of the proposed district . TI1 e petitions submitted and accepted appear to meet these requirements. BID FORMATION This emergency ordinance is being requested by Mr. Rick Kron, the attorney representing the South Broadway Englewood BID. Were the ordinance to run un,ier the standard timeframe, the BID wc>uld be unable to meet State statutory requirements. Pursuant to Section 1-5-203 of the Uniform Election Code, the business improvement district mus t certify the ballot content no later than sixty (60) days prior to the November 7, 2006 general election , which in this case ,neans that the district would need to certify ,ts ballot content on or before September 8, 2006. Under the standard • ordinance timeframe, the ordinance would not take effect until September 11, 2006. • • • The emergency ordinance status allows the Sou th Broadway Englewood Business Improvement Distri ct to avoid any argument that the business improvement district had certified ballot content prior to being a legally created political subdivision of the State . In order for the South Broadway Englewood Business Improvement District to recei ve revenues, a majority of qualified electors within the proposed district must vote to approve the special assessment in an election to be held in Nove mber 2006. Mr. Kron will handlP the special assessment election for the District. The total proposed budget for the first year of operation (2007) is approximately $100,000. This $100,000 will be levi ed as a result of the new BID assessments district and will not be a cost to the City of Engl ewood . These funds will be used for enhancing services beyo nd City services already provi ded in the proposed BID . PUBLIC HEARING FINDINGS Pursuant to Colorado Revise d State Statutes§ 31 -2 5 Part 12, City Council conducted a Public Hearing on July 10, 2006 to determine the following: Revi ew and determine the sufficiency of the petition and signatures requesting formation of the South Broadway Englewoo d Business Improveme nt District. Determine 1f the allegations of the organization petit io n are true . Det ermine if the services or improvements to be provided by the proposed district are those services or improvements which best satisfy the purposes set forth in the statutes. The City Clerk has caused m>tice of this Public Hearing to be published and mailed first to all real and pers0nal proper ty owners in the proposed South Broa dway Engle woo d Business Impro ve ment Dis trict. The evidence present ~d at the Pub lic Hearing demonstrates that all conditions imposed by State law for th e organization ,:,f a busines s improvement distri ct exist in this case and support che orga nization of th . Di strict. FINANCIAL IMPACT There ar e no direct increased financia l impacts to the City of Englewood associated with creation of the pro posed South Broadway Englewoo d Business improve ment Distri ct. LIST OF ATTACHMENTS • South Broad way Englewood Business Improve ment District Operating Plan and Budget dated Ma rch 3, 2006 • Draft Resolution, tentati vel y scheduled on August 7, 2006, for City Council considera:ion, establishing the South Broadway Engle wood Business Impro ve ment Distri ct Board of Direc tors • Bill for an Ordinance • • • I. SUMMARY SOUTH BROADWAY ENGLEWOOD BUSINESS IMPROVEMENT DISTRICT OPERATING PLAN AND BUDGET March 3, 2006 The South Broadway Englewood Business Improvement District (BID) is a special assessment district designed to improve the economic vitality and overall commercial appeal of the South Broadway corridor In Englewood. The BID will provide programming and benefits to businesses and commercial properties that will include marketing, promotions, enhanced safety and maintenance . BID services will be in addition to services currently provided by the City of Englewood. BIDs help improve Image , increase sales, occupancies and property values and attract new customers and businesses in commercial districts and downtowns throughout Colorado and the country. Here are the main characteristics of the South Broadway Englewood BID : Name : Proposed Boundaries: BID Programs: South Broadway Englewood Business Improvement District (BID). The proposed South Bro adway Englewood BID boundary generally encompasses the commercial properties facing the South Broadway corridor from Yale to Highway 285 . A map of the BID boundary Is attached for reference . The BID can perform the following kinds of functions with in the following general categoriqs (final BID programming will be determined by the BID board): Marketing, Promotions and Image Enhancement: • Public relations to project a positive image of the South Broadway cor , ,Jor • Collaborative advertising among South Broadway businesses • Production and packaging of marketing materials including South Broadway map, directory and web site • Newsletter and olhe/ district communications • Market research &,stakeholder surveys • Special Events including tnemed, historical events and ongoing events programming . I Budget: Special Assessments : Methodology: Assessment: Enhanced Safety & Maintenance • Enhanced safety patrols • More effective communication with Police • Video monitoring • Community and bus iness watch programs • Graffiti cleanup • Sidewalk power washing Spec/a/ Projects • Banners • Gateways • Signage • Public art • Cosmetic improvements • Other projects as appropriate Total proposed budget for the first year of operation (2007) will be approximately $100 ,000 . Funding for BID services will be raised through a special assessment that will be based upon a combination of commercial land area and first floor commercial building square footage . In order to allocate the costs of the services and improvements to be furnished by the BID in a way that most closely reflects its benefits , the BID will collect a spec ial assessment based upon commercial land area and first floor square footage . There are approximately 1.1 million square feet of commercial land and about 440 ,000 square feet of commercial first floor building within the proposed BID boundaries . Per Colorado state law , any property that is within the BID boundary and is classified for assessment by the county assessor as residential or agricultural is not subject to the revenue raising powers of the BID and therefore will not be assessed by the BID. Below is a table outlining the assessment based on square foot of lot and square foot of building : Rate er SF of lot .029 Rate per SF offirst floor .152 build in 2 • • • Term : A term of ten (10) years Is recommended for the South Broadway Englewood BID . • City S.rvlce1 : A base level of services agreement between ::,e BID and the City of Englewood will outline the Clty':s current level of services In the BID area, as the City will ma in tain Its existing services. BID services will be /n tt ddi!/on to any City services currently provided downtown District Formation : The formation of a BID In Colorado requires s•;bmission of petitions from owners of real and personal pro rty representing more than 50% of total acreage and assessed value within the district, a public hearing and a City Council ordinance forming the BID . Financial Approval: In order to allow for a BID assessment , a majority of qualified electors within the proposed district who actually vote must approve the assessment In an election to be held In November 2006 . Governance: The BID will be managed by a Board of Directors cons isting of five (5) to seven (7) members , all of whom shall be voting members and BID ratepayers. One • additional seat (in addition to the 5-7 voting members) shall be reserved for an ex-officio member that shall l:le a representative of the City of Englewood . The board will determine annual BID priorities and oversee ongoing management of BID programs . The board shall consist of a majority of real property owners , shall equitably represent geographic areas of the BID and a variety of size and type of property and businesses . A slate of board nominees shall be submitted by a nominating committee to City Council for approval. City Council may, at its discretion, decline to appoint the slate of nominees but if It does so it shall return the entire slate to the nominating committee which shall submit another slate of nominees for consideration by City Council . Dissolution : The BID may be dissolved if property owners representing more than 50% of total acreage and assessed value within the District submit petitions to dissolve it, or if the BID falls to submit an operating budget to City Council for two successive years . • 3 II. WHY FORM A BID? There are several reasons why now Is the right time to fonn a Business Improvement District along the South Broadway corridor in Englewood: • lncreue Sales, Occupanclea and Property Values : More than 1,000 BIDs have been fonned throughout North America and are acknowledged as a critical Ingredient In commercial area revitalization . BIDs are proven to work by funding improvements and services that enhance the overall vitality of a business district. Success Is measured by higher occupancies, sales and property values . Nationally, the BID renewal rate is 99%. • Strengthen the South Broadway Corridor's Competitiveness In the Regional Marketplace : The BID supports a results-oriented set of pro grams that will produce both short-tenn and long-tenn tangible improvements . These improvements and services will help accelerate efforts to attract and retain consumers, visitors , new businesses and Investment to South Broadway . • Create a Reliable Source of Funding for South Broadway: A BID will provide a reliable, multi-year source of funding to ensure these programs can continue to showcase and benefit the South Broadway corridor. • Leverage Positive Changes along the South Broadway corridor: There are exciting changes in Englewood-with new businesses and investment creating an eclectic and exciting business mix . The BID will help to ensure that the benefits of the new Investment and energy will be spread throughout the South Broadway corridor. • Broaden Private Sector Control and Accountability: The South Broadway Englewood BID will be governed by a board of district property and business owners . Annual BID work plans and budgets will be developed by the board , ensuring that the BID will be directly accountable to those who pay an assessment. New programs will be subject to private sector perfonnance standards and controls . • Create a Unified Voice for the South Broadway Corridor In Englewood: A BID will help broaden the foundation for developing a viable and unified private sector voice for the South Broadway corridor. A BID will unify and enhance the current merchant association efforts, and act as an advocate for the healthy growth and development of the entire BID area. 4 • • • Ill . PROCESS TO CREATE THE BID OPERATING PLAN • The Plan for creating a BID along South Broadway In Englewood Is the • • result of a community process In which more than 100 Englewood area property and business owners have participated between the fall of 2005 and the spring of 2006 . The City of Englewood, at the behest of a group of merchant and property owners, retained the consulting firm of Progressive Urban Management Associates (P.U .M.A.) to help determine the feasibility of forming a BID . Key steps of the process Included : • BID Steering Committee: To guide the consultant team and test the viability of the BID concept, a Steering Committee composed of district property owners and business owners was created. Steering Committee members include : Ted Vasilas , Jon Cook, Doug Cohn, Beth Minnick, Bob Voth, Rick Reese , Brian Verbeck , Steve Schalk and Bob Laughlin. • One-On-One Meetings with Key Property Owners: A series of one- on-one meetings were held with business and property owners In the BID study area to determine their willingness to support a BID . • Stakeholder Focus Groups : To involve property and business owners in the design and development of the plan , two stakeholder focus groups were held in November, 2005 . The focus groups included a survey designed to assess service priorities and whether there was an appetite to support various BID improvements and activities. • Direct Mall Survey : A direct mail survey was sent to property owners within the Englewood BID study area in November, 2005 . Fifty-five (55) surveys were returned providing additional input for the design of the BID work plan . • Plan Review Workshops/Final Plan : The draft BID work plan and budget were reviewed by the BID Steering Committee and then presented to property and business owners in two workshops held in early February, 2006 . Input from the workshops and Steering Committee led to the completion of the final plan . Top community priorities that emerged from nearty 100 surveys completed by participants in one-on-one meetings and focus groups and respondents to the mail survey Included : • Marketing, Promotions & Image Enhancement • Enhanced Maintenance • Enhanced Safety IV. SOUTH BROADWAY ENGLEWOOD BID OPERATING PLAN As determined by area property and business owners , the top priorities for Improvements and activities within the BID study area Include : • Marketing and promotions to increase the South Broadway corridor's Image as a destination and increase the consumer draw to the corridor. • Enhanced maintenance and safety programs to address nuisance crimes to create a more attractive, safe and appealing area . The following narrative provides recommendations for the first operating year of the BID . The Board may amend program activities in subsequent years within the general categories authorized by state law and in the approved annual operating plan and budget. Final programs and budgets will be subject to the annual review and approval of the BID Board of Directors . BID PROGRAMS Marketing and Promotions: Initiatives are recommended to enhance the overall image and marketability of the South Broadway corridor to attract a wide array of consumers and promote South Broadway shops, restaurants, night clubs and other attractions. The BID Board of Directors will set annual priorities for marketing projects. Options include : • Pub/le relations to raise regional awareness of the South Broadway corridor and its unique restaurants , shops, and attractions. • Map and Directory to help consumers find their way around the corridor and to locate specific venues . • Collaborative Marketing among the various merchants and vendors along the corridor in order to leverage marketing funds and resources . • South Broadway website that maintains current information on area businesses , special events and contact information for South Broadway Englewood BID personnel and services • Market research to better understand who is shopping along the corridor and what shops, services , restaurants and events am gaining the biggest consumer draw. • Communications including the publication of a periodic newsletter and annual stakeholder surveys to determine the overall satisfaction with and effect iveness of BID programs . • Spec/al Events that bring focus and attention to the corridor are encouraged to continue and expand. 6 • • • • • • Enhanced Maintenance and Safety Programs are recommended to improve the overall Image , safety and appeal of the South Broadway corridor Including : • Enhanced safety patrols • More effective communication with Police • Video monitoring • Community and business watch programs • Graffiti cleanup • Sidewalk power washing Special Projects to enhance the sense of place and esthetlc quality of the South Broadway corridor include: • Banners • Gateways • Signage • Public art • Cosmetic improvements V. BID BUDGET The proposed annual BID budget Is approximately $100 ,000, to be raised through a combination of special assessment on commercial lot and bu ilding (first floor only) located within the boundaries of the BID . The budget includes provisions for defraying the costs of collecting the special assessments and other expenses normally associated with special assessment processes. Bonds : The BID shall be authorized to issue bonds at the discretion of, and in such amounts as may be determined by , the BID Board of Directors, and subject further to the approval of a majority of BID electors at an election called for the purpose of authorizing such bonds . Fees and Charges: Although the current budget and operating plan do not contemplate imposing rates and charges for services furnished or performed , the BID shall be authorized to impose and collect reasonable fees and charges for specific services as determined by the BID Board of Directors . There are no plans to impose any additional fees and charges beyond the annual BID assessment at this time . 7 VI. ASSESSMENT METHODOLOGY Under Colorado statutes, Business Improvement Districts can generate • revenues through several methods, Including charges for services rendered by the district, fees , taxes, special assessments, or a combination of any of these . hi order to allocate the costs of the services to be fumlshed by the BID In a way that most closely reflects the benefits conferred upon the businesses and commercial properties In the BID, the BID shall be authorized to detennlne, 1mpose and collect special assessments based upon both commercial lot and first floor commercial building square footage . The spec/a/ assessment methodology is intended to equitably addres s the intended benefits to South Broadway based upon real property characteristics to achieve the following : BID services will improve overall image and marketability of properties throughout the entire area of the BID, leading to increased occupancie,s and values . Land square footage Is utilized as an assessment variable to distribute the anticipated benefit to property resulting from these services . One-third of the projected BID budget is allocated to land . First floor building square footage is assessed at a higher rate than land . The first floor of real property is expected to benefit from image enhancement activities that increase occupancies and sales , particularly from retail related • uses . Two-thirds of the projected BID budget is allocated to the first floor of real property. Second floor and higher building square footage is omitted from the special assessment because these spaces do not provide the same level of economic return as first floor spaces and are less likely to be occupied by retail related uses . The following assessment rates apply to South Broadway Englewood properties based upon a database that has been assembled by the City of Englewood utilizing data supplied by the Arapahoe County Assessor and GIS technology . Estimated assessment rates on real property for the first operating year of the BID are : Per sq .ft . of Lot Per sq .rt. of main floor of buildlna South Broadway $.029 $.152 Commercial Pronerties Annual Adjustments: In order to provide adequate funding for the costs of providing Its services and Improvements In the Mure, the BID shall be authorized to Increase the rates of assessment set forth above not more than • five percent (5%) each year, on a cumulative basis . The assessment will be 8 f' • • collected by the Englewood City Treuurw pursuant to an agreement to be entered Into by between the BID and Treasurer's otnce . VII. BID GOVERNANCE AND PROGRAM MANAGEMENT Governance : The BID will be managed by a Board of Directors consisting of five (5) to seven (7) members , all of whom shall be voting members and BID ratepayers . One addltional seat (in addition to the 5-7 voting members) shall be reserved for an ex-officio member who shall be a representat ive of the City of Englewood . The board will determine annual BID priorities and oversee ongoing managemilnt of BID programs . The board snail cons ist of a majority of real propert y owners, shall equitably represent geographic areas of the BID and a variety of size and type of property and businesses . A slate of board nominees shall be submitted by a nominating comm ittee to City Council for approval. City Council may, at Its discretion, decline to appo int the slate of nom inees but If it does so it shall return the entire slate to the nom inating committee wh ich shall submit another slate of nominees for consideration by City Council. The BID board will have the following responsibilit ies : • Prepare and file the annual BID budget in accordance with state legal requirements and ensure compl iance with other state laws . • Provide direction and coordination in carrying out BID funded improvements and services . Program Management : In order to manage and Implement BID programs , the BID Board of Directors may engage profess ional staff support in a variety of ways, including : • Employing marketing and events , maintenance or security profess ionals as full or part-time staff members • Contract ing for specific services with private firms The board will make final dec isions regard ing the operation and dally management of BID services upon its formation . VIII. CITY SERVICES A base level of services agreem ent between the BID and the City of Englewood will outline the City's current level of services along the South Broadway conidor. BID services will be in addition to any City services currently provided In the BID boundary . 9 IX. TERM The BID will sunset ten years after it begins operations In 2007 (at the end of 2016), unless extended beyond such term by petitions meeting the requirements of state law for organization of a new business Improvement district , and such extension is approved by the City Council . tO • • • • • • SAMPLE FIRST YEAR BID OPERA TING BUDGET -2007- BmnMl BID Assessments Interest, sponsorships Other Income Total Expenditures $100,000 $10,000 $110,000 Marketing $50,000 Options include : • Public relations • Mari<etlng materials (web site, map , directory) • Marice! research • BID ratepayer communications (newsletter blast faxes , emails) • Special events Maintenance & Safety $25,000 OpliD,~s lnciude : • Enhanced safety patrols • Video monitoring • Community and bus iness watch programs • Graffiti cleanup • Sidewalk maintenance, power washing Special Projects Options Include : • Banners • Gateways • Signage • Public art • Cosmetic improvements Total Expenditures Operating Reserve (5%) Capital Reserve (5%) Total RHervH TOTAL $25,000 $100,000 $5,000 $5,000 $10,000 $110,000 II ~ IO Proposed BID Boundary O Commercial @ Exempt I ~, o----~ooc::::::=::::5,,2 ....... 00 1,8,00 e ml M,tdl 2fHHi • • • RESOLUTION NO . SERIES OF 2006 DRAFT A RESOLUTION ESTABLISHING THE SOUTH BROADWAY ENGLEWOOD BUSINESS IMPROVEMENT DISTRICT BOARD OF DIRECTORS . WHEREAS, the South Broadway Englewood Business Improvement District is a special assessment disaict designed 10 improve the economic vitality and overall commercial appeal of the South Broadway corridor in the City of Englewood, Colorado to provide programs to businesses and commercial propcnics that will include district markcling, promotions, enhances safety and maintenance; and WHEREAS, lhe South Broadway Englewood Business Improvement District (SBEBID) will be managed by a Board of Directors consisting of seven members, all of whom shall be voting members and South Broadway Englewood Business Improvement District voting members and rate payers; and WHEREAS , one additional scat in addition to the seven (7) voting members shall be reserved for an ex-officio member who is a rerrescnu11ive of the City of Englewood; and WHEREAS , the Board of Directors shall ,lctcnninc annual SBEBID priorities and oversee ongoing management of SBEBID programs ; and WHEREAS, the Board of Directors shall consisl of a majority of real propcny owners, shall be an equitable representation of geographic areas of the SBEBID and size and type of propcny and businesses ; and WHEREAS, a slate of Board of Directors nominees has been submitted by a nominating committee to the Englewood City Council for approval ; and WHEREAS, the passage of this Resolution shall eslablish the District Board of Directors for three year terms; NOW , THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF ENGLEWOOD, COLORADO, THAT: ~-The Englewood City council hereby appoints the South Broadway Englewood Business Improvement District Board of Directors as follows: Ted Vasilas -Ted's Clothiers Jon C. C~Jk -Aulo Dealing Lending Ric • i<ecse -Dress for Less Clothiers Bob Laughlin -Acoustic Music Revival Bob Voth -Sir Speedy Richard Weigang -The Catholic Slorc Bryan Reid -Edwards Tobacco Shop, Inc . DRAFf ~-The South Broadway Englewood Business Improvement District Board of Directors terms will be effective immediately for a period of three (3) years. Upon the expiration of the initial terms the Englewood City Council shall appoint persons to fill new terms and vacancies frorn a slate of nominees submitted to City Council by the District Board of Directors for three year terms . ADOPTED AND APPROVED this 7th of August , 2006. ATTEST : Olga Wolosyn, Mayor Loucri shia A. Ellis, City Clerk I. Loucrishia A. Ellis, City Cle rk for the City of Englewood , Colorado, hereby certi fy th e above is a true copy ofR ,:solut ion No. __ , Series of 2006. Loucrishi a A. Ellis , City Clerk • • •