City Council Agenda and Packet 2022 11 15

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LL Cityof CITY COUNCIL COMMUNICATION Louisville AGENDA ITEM 413 COLORADO • SINCE 1878 SUBJECT: APPROVAL OF RESOLUTION NO. 41, SERIES 2022 — A RESOLUTION APPROVING A PROPOSED 2023 OPERATING PLAN AND BUDGET OF THE MAIN STREET LOUISVILLE BUSINESS IMPROVEMENT DISTRICT DATE: NOVEMBER 15, 2022 PRESENTED BY: MEREDYTH MUTH, CITY CLERK AUSTIN BROWN, ECONOMIC VITALITY SPECIALIST SUMMARY: The Main Street Louisville Business Improvement District (BID) is required to have its annual Operating Plan and Budget approved by the City Council as set forth in C.R.S. §31-25-1211. The November 2000 election to raise downtown taxes to support the BID failed. Since then, the BID has submitted annual budgets of $0.00 and continues the same for 2023. Although the election to raise funds for the BID failed (because the vote was a tie), the BID will continue to exist until such time as the Board of Directors decides to go through the appropriate dissolution process. At this time, the Board of Directors is planning to continue with the BID and may attempt another election to pass a mill levy increase at some point in the future. Board Vacancies New Board members are appointed by the City Council from the "electors" of the BID, defined in C.R.S. §31-25-1209(1)(b). "Elector" is defined in C.R.S. §31-25-1203(4). An eligible elector must meet one of the following; • Makes his primary dwelling place in the district; or • Owns taxable real or personal property within the boundaries of the district; or • A holder of a leasehold interest in taxable real or personal property within the boundaries of the district; or • A the natural person designated by an owner or lessee of taxable real or personal property in the district which is not a natural person to vote for such owner or lessee. Such designation must be in writing and filed with the secretary of the district. Only one such person may be designated by an owner or lessee. The BID District has not pursued certifying additional electors (to increase the availability of eligible board members) since there is no pending mill levy vote and appropriation. Should a mill levy vote be pursued, the BID District will certify additional electors and ask City Council to appoint additional Directors. CITY COUNCIL COMMUNICATION 31