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2025 Amended and 2026 <br />OPERATING PLAN AND BUDGET FOR <br />THE <br />MAIN STREET LOUISVILLE BUSINESS IMPROVEMENT <br />DISTRICT <br />The Main Street Louisville Business Improvement District ("BID") was organized by <br />City of Louisville Ordinance Number 1342, Series 2000 on August 15, 2000 ("Organizational <br />Ordinance"). A map of the BID is attached as Exhibit 1. <br />State statute, specifically the Colorado Revised Statutes, C.R.S. Section 31-25-1211, <br />provides that "The operating plan and budget may, from time to time, be amended by the <br />district with the approval of the municipality in substantially the same manner as the process <br />for formulating the operating plan and budget for each year." In addition, the same statute <br />requires the district to file, by September 30 of each year, an annual operating plan and <br />budget with the City for review and approval. <br />This 2025 Amendment and 2026 Operating Plan and Budget (collectively, the <br />"Operating Plan") is different from the BID's prior Operating Plans and Budgets. The <br />changes are necessary because the City and the BID intend to enter into an "Ice Rink <br />Management and License Agreement 2925-2026 Winter Skate Season" ("Ice Rink <br />Agreement"). In order for the BID to enter into and perform the Ice Rink Agreement, it must <br />have City approval of Operating Plan and Budget authorization for both 2025 and 2026 to do <br />SO. <br />The Ice Rink Agreement was approved by the City Council on September 16, 2025 by <br />Resolution No. 69, Series 2025 - A Resolution Approving an Ice Rink Management and <br />License Agreement with the Main Street Louisville Business Improvement District. <br />The BID Board of Directors is hereby authorized to approve the Ice Rink Agreement <br />shortly after the City approves this Operating Plan. <br />OPERATING PLAN CONTENTS <br />Pursuant to the Business Improvement District Act, C.R.S. Section 31-25-1201, et seq. <br />the Operating Plan is to specifically identify: <br />1. the composition of the Board of Directors, <br />DN 4257652.1 <br />