Resolution 2017-59 - Laserfiche WebLink

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The Director Sheet attached as Exhibit 3 provides more detailed information By approval of this 2018 Operating Plan, City Council confirms appointment of the above listed Directors There are five vacancies on the Board at this time Future appointments shall be made by the City in accordance with the previously approved operating plans DESCRIPTION OF IMPROVEMENTS AND SERVICES, TAXES, FEES, AND ASSESSMENTS, PRINCIPAL AMOUNT OF BONDS Given the current situation, the 2018 Operating Plan and Budget descriptions of (a) improvements and services, (b) taxes, fees, and assessments, (c) principal amount of bonds, and (d) other features of the BID will be simply the same as the 2000-2001 Operating Plan and Budget as approved by the City upon organization of the District The prior operating plan had indicated that the BID would be certifying a mill levy to collect taxes in 2001; instead, no BID taxes have been collected to date, nor will be collected in 2018 The BID submitted a proposal to the City/LRC for potential tax sharing, however, plans for the downtown area and revenue projections are evolving, and the agreement has not advanced out of the proposal stage The BID is aware of the City's potential interest in using it for implementation of the Downtown Louisville Parking & Pedestrian Action Plan and looks forward to working with the City on the Plan ADDITIONAL INFORMATION CITY OVERSIGHT OF DISTRICT ACTIVITIES The following is the brief report of BID activities required for the past year 1 District Name Main Street Louisville Business Improvement District 2 District Contact Person, address, telephone number, fax number Norman F (Rick) Kron, Jr , attorney for the District, Spencer Fane LLP, 1700 Lincoln Street, Suite 2000, Denver, Colorado 80203 Telephone — Direct (303) 839-3704, Fax Number (303) 839-3838 3 Board of Director names, addresses, telephone numbers, fax numbers where applicable Please see list provided in the text above, and Exhibit 3 4 Distnct Map• Please see Exhibit 1. 5 Current Budget. Please see Exhibit 2 6 Most Recent Audit or Audit Exemption Application None completed as the District neither spent nor received funds 2 DN 2768000 1