City Council Agenda and Packet 2022 11 15

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3. Board of Director names, addresses, telephone numbers, fax numbers where applicable: Please see list provided in the text above, and Exhibit 3. 4. District Map: Please see Exhibit 1. 5. Current Budget: Please see Exhibit 2. 6. Most Recent Audit or Audit Exemption Application: Please see prior operating plans. No money was received or spent by the BID in 2021. 7. Copy of any filing required by or for the State Securities Commissioner: No bonds have been issued, therefore no filing has been required. 8. A list of all intergovernmental agreements of the District: None. 9. Any alteration or revision to the debt service schedules provided in the operating plan: None. 10. A list of all lease -purchase agreements and a summary of the terms: None. 11. A description of activities performed in the last budget year: Organization of the District was by ordinance on August 15, 2000. The Board's organizational meeting, following all required notices, was held on August 28, 2000 at which time various administrative tasks were performed. Activity in the BID essentially stopped after the November 2000 election when the authority to levy a tax was not passed by a majority of the electors of the District who voted in the election (the vote was tied). The attorney for the District, Norman F. (Rick) Kron, Jr., of Spencer Fane LLP (retired) has been working with the Board on maintaining the BID. He has suggested the possibility of funding the BID using special assessments rather than property taxes, but the idea has not gone beyond the concept stage. Spencer Fane no longer recognizes the BID as a client. Mr. Kron is providing very minimal pro bono services. 12. An Operating Plan description of activities to be performed in the next budget year (similar to this plan, although shortened) and a Budget for that year: Please see the text above and the Exhibits attached hereto. CONCLUSION The BID Board would like to take this opportunity to thank the City Council and City Staff for their assistance in the organization of the BID. Under Section 31-25-1211, C.R.S., the City is to approve or disapprove the Operating Plan and Budget within 30 days of the receipt of required documentation. The Board respectfully requests the adoption of a resolution or ordinance of approval. DN 4257652.1 37