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Resolution 2024-47
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Resolution 2024-47
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Last modified
12/9/2024 12:13:45 PM
Creation date
10/16/2024 1:20:31 PM
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City Council Records
Also Known As (aka)
Main Street Louisville Business Improvement District_2025 operating plan and budget
Meeting Date
10/15/2024
Doc Type
Resolution
Signed Date
10/15/2024
Ord/Res - Year
2024
Ord/Res - Number
47
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Fane LLP), 746 W. Fir Ct., Louisville, CO, 80027. Telephone - (720) 480-5831 (leaving a <br />message is recommended), email: rickkronco@gmail.com. <br />3. Board of Director names, addresses, telephone numbers, fax numbers where <br />applicable: Please see the text above, and Exhibit 3. <br />4. District Map: Please see Exhibit 1. <br />5. Current Budget: Please see Exhibit 2. <br />6. Most Recent Audit or Audit Exemption Application: Please see prior operating <br />plans. No money was received or spent by the BID in 2024. <br />7. Copy of any filing required by or for the State Securities Commissioner: No <br />bonds have been issued, therefore no filing has been required. <br />8. A list of all intergovernmental agreements of the District: None. <br />9. Any alteration or revision to the debt service schedules provided in the <br />operating plan: None. <br />10. A list of all lease -purchase agreements and a summary of the terms: None. <br />11. A description of activities performed in the last budget year: Organization of <br />the District was by ordinance on August 15, 2000. The Board's organizational meeting, <br />following all required notices, was held on August 28, 2000 at which time various <br />administrative tasks were performed. Activity in the BID essentially stopped after the <br />November 2000 election when the authority to levy a tax was not passed by a majority of the <br />electors of the District who voted in the election (the vote was tied, opposition coming from <br />anti -tax sentiment and a property exclusion that was approved prior to the organization of the <br />District). The attorney for the District, Norman F. (Rick) Kron, Jr., of Spencer Fane LLP <br />(retired) has been working with the Board on maintaining the BID. He has suggested the <br />possibility of funding the BID using special assessments rather than property taxes, but the <br />idea has not gone beyond the concept stage. Spencer Fane no longer recognizes the BID as a <br />client. Mr. Kron is providing very minimal pro bono services. Mr. Kron has attended a few <br />LRC meetings where projects of mutual interest have been discussed, however, the BID lacks <br />the resources to do much more than talk at this time. <br />12. An Operating Plan description of activities to be performed in the next budget <br />year (similar to this plan, although shortened) and a Budget for that year: Please see the text <br />above and the Exhibits attached hereto. <br />CONCLUSION <br />DN 4257652.1 <br />
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