Laserfiche WebLink
2020 <br />OPERATING PLAN AND BUDGET FOR <br />THE <br />MAIN STREET LOUISVILLE BUSINESS IMPROVEMENT <br />DISTRICT <br />INTRODUCTION <br />The Main Street Louisville Business Improvement District ('BID") was organized <br />by City of Louisville Ordinance Number 1342, Series 2000 on August 15, 2000 <br />("Organizational Ordinance"). <br />By state statute, specifically Section 31-25-1211, C R S , by September 30 of each <br />year, the BID is required to submit an operating plan and budget to the City for review and <br />approval <br />Over the years, the Board has held a series of Board meetings to discuss the future <br />of the BID, the possibility of a TABOR election, and inclusion of additional property in <br />the District, however, the District has not undertaken substantive activity in the last year <br />and is in the process of considering its future plans and options The District would like to <br />remain in a holding pattern until its plans become clearer <br />OPERATING PLAN CONTENTS <br />Pursuant to the provisions of the Business Improvement District Act, Section 31-25- <br />1201, et seq , Colorado Revised Statutes, as amended, the Operating Plan is to specifically <br />identify. <br />1 the composition of the Board of Directors, <br />2. the services and improvements to be provided by the District, <br />3 the taxes, fees, and assessments to be imposed by the District, <br />4 the estimated principal amount of the bonds to be issued by the <br />District, and <br />5 such other information as the City may require Each of these five <br />items is described below. <br />COMPOSITION OF THE BOARD OF DIRECTORS <br />3 <br />DN 3802387 1 <br />ON 2768000 1 <br />