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2014 OPERATING PLAN AND BUDGET FOR THE MAIN STREET LOUISVILLE BUSINESS IMPROVEMENT DISTRICT INTRODUCTION The Main Street Louisville Business Improvement District (`BID ") was organized by City of Louisville 'Ordinance Number 1342, Series 2000 on August 15, 2000 ( "Organizational Ordinance "). By state statute, specifically Section 31 -25 -1211, C.R.S., by September 30 of each year, the BID is required to submit an operating plan and budget to the City for review and approval. Over the years, the Board has held a series of Board meetings to discuss the future of the BID, the possibility of a TABOR election, and inclusion of additional property in the District; however, the District has not undertaken substantive. activity in the last year and is in the process of considering its future plans and options. The District would like to remain in a holding pattern until its plans become more clear. OPERATING PLAN CONTENTS Pursuant to the provisions of the Business Improvement District Act, Section 31-25 - 1201, et seq., Colorado Revised Statutes, as amended, the Operating Plan is to specifically identify: 1. the composition of the Board of Directors, 2. the services and improvements to be provided by the District, 3. the taxes, fees, and assessments to be imposed by the District, 4. the estimated principal amount of the bonds to be issued by the District, and 5. such other information as the City may require. Each of these five items is described below. COMPOSITION OF THE BOARD OF DIRECTORS Under the Organizational Ordinance, the Board of'Directors of the District was appointed by the City Council. All Board members must, by law, be electors of the District. The current members of the Board of Directors are: Mark Zaremba, President Debora A. Krueger, Treasurer Ronda Grassi, Secretary Erik Hartronft, Director Steve Mesple, Director 1 DN 927048.1