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The Director Sheet attached as Exhibit 3 provides more detailed information. By <br />approval of this 2014 Operating Plan, City Council confirms appointment of the above listed <br />Directors. There are four vacancies on the Board at this time. <br />Future appointments shall be made by the City in accordance with the previously <br />approved operating plans. <br />DESCRIPTION OF IMPROVEMENTS AND SERVICES; TAXES, FEES, AND <br />ASSESSMENTS; PRINCIPAL AMOUNT OF BONDS <br />Given the current situation, the 2014 Operating Plan and Budget descriptions of (a) <br />improvements and services, (b) taxes, fees, and assessments, (c) principal amount of bonds, and <br />(d) other features of the BID will be simply the same as the 2000 -2001 Operating Plan and <br />Budget as approved by the City upon organization of the District. <br />The prior operating plan had indicated that the BID would be certifying a mill levy to <br />collect taxes in 2001; instead, no BID taxes have been collected to date, nor will be collected in <br />2014. <br />The BID submitted a proposal to the City/LRC for potential tax sharing; however, plans <br />for the downtown area and revenue projections are evolving, and the agreement has not <br />advanced out of the proposal stage. <br />The BID is aware of the City's potential interest in using it for implementation of the <br />Downtown Louisville Parking & Pedestrian Action Plan and looks forward to working with the <br />City on the Plan. <br />ADDITIONAL INFORMATION: CITY OVERSIGHT OF DISTRICT ACTIVITIES <br />The following is the brief report of BID activities required for the past year: <br />1. District Name: Main Street Louisville Business Improvement District. <br />2. District Contact Person, address, telephone number, fax number: Norman F. <br />(Rick) Kron, Jr., attorney for the District, Spencer Fane & Grimshaw LLP, 1700 Lincoln Street, <br />Suite 3800, Denver, Colorado 80203. Telephone, direct, 303 - 839 -3704, fax number 303 -839- <br />3838. <br />3. Board of Director names, addresses, telephone numbers, fax numbers where <br />applicable: Please see list provided in the text above, and Exhibit 3. <br />4. District Map and Boundary Description: Please see Exhibit 1. <br />5. Current Budget: Please see Exhibit 2. <br />2 <br />DN 927048.1 <br />