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COUNCIL - AGENDA ITEM - 07/26/2016 - ITEMS RELATING TO THE ORGANIZATION OF THE MIDTOWN
Agenda Item 1 Item # 1 Page 1 AGENDA ITEM SUMMARY July 26, 2016 City Council THIS ITEM HAS BEEN WITHDRAWN FROM CONSIDERATION STAFF Patrick Rowe, Redevelopment Program Coordinator Josh Birks, Economic Health Director SUBJECT Items Relating to the Organization of the Midtown Business Improvement District. EXECUTIVE SUMMARY A. Resolution 2016-055 Setting for August 16, 2016, a Noticed Public Hearing for the City Council’s Consideration of an Ordinance Authorizing the Organization of the Midtown Business Improvement District. B. First Reading of Ordinance No. 095, 2016, Establishing the Midtown Business Improvement District, Appointing the Initial Members of the Board of Directors of the District, Approving the District’s Initial Operating Plan and Preliminary 2017 Budget, and Designating the Service Area of the District. The purpose of this item is the formation of a Business Improvement District (BID) within Midtown Fort Collins. The Midtown BID’s purpose is to increase commercial and economic activity within the district by focusing on promotion, placemaking, and programming. STAFF RECOMMENDATION Staff recommends adoption of the Resolution and the Ordinance on First Reading. BACKGROUND / DISCUSSION The South Fort Collins Business Association (SFCBA), which represents a number of business and property owner interests within Midtown Fort Collins, has spearheaded an effort to create a business improvement district (BID) within Midtown Fort Collins. As stated in the petition, the purpose of the BID is to “leverage public sector investments and provide private sector stakeholders in the area with a stronger platform through which to advocate for - and directly fund - needed improvements as Midtown comes into a new era”. The District’s operations will be funded through a special tax assessment based on frontage that would apply to commercial properties along College Avenue and East Foothills Parkway (the portion of Foothills Parkway that runs through the Foothills Mall) between Prospect Road and Harmony Road (Attachment 1). (Note: Per state law, no residential property is included; if a property’s county assessment status changes from commercial to residential, it will be excluded from the BID and any BID assessment). The proposed Midtown BID cites the following goals and objectives in its proposed Operating Plan: Create a collective voice to accomplish the goals of the neighborhood, provide leadership for the neighborhood, and champion the vision of the Midtown. Serve as the activator of the Midtown neighborhood, providing programming, marketing and activities year-round. Agenda Item 1 Item # 1 Page 2 Purposefully improve and advance Midtown and facilitate economic growth and overall increased vitality in Midtown. Develop and establish Midtown’s character and personality, communicate it succinctly, and bring it to life. Create synergistic relationships with the City of Fort Collins to create an accessible and desirable place for locals and visitors. Find interesting, active and creative uses for shops, sidewalks and open spaces that can boost the economy, thus diversifying the mix and adding new business opportunities. Provide awareness, recognition, promotion and education about Midtown. Keep Midtown safe, clean and welcoming. Be an administrative umbrella that brings the neighborhood together and maximizes funding opportunities for the future of Midtown. Initial Proposed Projects and City Partnership Projects the BID may consider in its initial years include: Corridor branding efforts - aesthetic elements such as signage, lighting, flowers, public amenities, etc. Facilitation of music, entertainment and other programming. Development and implementation of Midtown-branded wayfinding and signage. Hiring of full-time staff to work specifically for Midtown. Utilization of the district as a platform for building partnerships with the City and other stakeholder groups. With shared interests and goals, a productive partnership between the BID and the City is anticipated. Potential areas of partnership include enhancements to planned City projects, leveraging new projects, and supporting each other with ideas and resources. As an early investment in that potential partnership, the City made a $30,000 loan available to help cover specific formation costs. Additionally, the City has expended resources to install irrigation sleeves in anticipation of mutual work to renovate Midtown landscape medians. BID operations and undertakings will be funded through a special assessment of properties within the district boundary based on College Avenue and East Foothills Parkway frontage. The assessment is based on $10 per linear foot of frontage and is anticipated to raise approximately $300,000 annually. The BID will have the ability to raise the assessment annually, up to, but not to exceed, the consumer price index (CPI). Business Improvement District Governance State statutes provide for a board of between five (5) and eleven (11) members. SFCBA, acting as the BID formation group, has recommended a board of individuals to be appointed as the initial board. SFCBA made its recommendation based on whom it believes to be interested, qualified, and those it believes to broadly represent the district’s interests (for a list of these individuals, please refer to Attachment 2). The term of office shall be staggered to encourage continuity of governance. The length of the term is staggered between two (2) and three (3) years. State statute provides that future board appointments are to be made by City Council. Per state statute, BIDs in Colorado may exist in perpetuity. As proposed, the Midtown BID will have an initial ten-year term. This allows stakeholders to evaluate the BID’s effectiveness. If the BID is successful, as anticipated, it will request a continuation from City Council. BID statutes require the BID to file an annual operating plan and budget with the City on or before September 30 of each year. The City reviews and approves these documents as provided by law. Agenda Item 1 Item # 1 Page 3 Business Improvement District Formation Process The formation of a BID is initiated by a petition of affected property owners within the proposed district’s boundaries. State statutes set two minimum thresholds which must be met for the petition to be valid: (1) petition signatures must represent at least 50% of the proposed district according to valuation; and (2) petition signatures must represent at least 50% of the proposed district by acreage. Following a successful petition, the question of formation is put to City Council for consideration, which includes a public hearing on the matter. (Note: Petition results were not available at the time this Agenda Item Summary was published). State statute provides that whether a BID is created is within the City Council’s “sole discretion.” State statute also provides that Council is to decide all questions of fact related to the organization of a BID, including the genuineness of the signatures on the petition. After the public hearing and upon the successful creation of the BID entity, the BID board is expected to call a TABOR election to address the BID’s future revenues. The BID itself will conduct this election process in coordination with Larimer County. Key dates of the Midtown BID’s proposed formation schedule are as follows: July 25, 2016 Completed Petition submitted to City July 26, 2016 First Reading of formation ordinance & Setting a Public Hearing for Aug. 16th (THIS ITEM) August 16, 2016 Public Hearing / Second Reading of BID formation ordinance Note: A public hearing may occur at either a first or second reading. Due to timing requirements prescribed by state statute and firm dates related to the BID’s required TABOR election, a second reading public hearing date was necessary. CITY FINANCIAL IMPACTS The district is self-funded with no direct costs to the City. BOARD / COMMISSION RECOMMENDATION N/A PUBLIC OUTREACH Property owners within the service area and boundaries of the proposed district have received petition correspondence from the BID formation group. Additionally, after the public hearing date is set, affected property owners will receive formal mailed notice of the hearing which is planned for August 16, 2016. The public at large will also be notified via published notice consistent with state law and standard City practice. ATTACHMENTS 1. Location Map (PDF) 2. Initial Proposed Board (PDF) 3. Powerpoint presentation (PDF) S Shields St S College Ave E Drake Rd W Drake Rd E Prospect Rd SMason St E Horsetooth Rd WProspect Rd W Harmony Rd S Lem a y Ave W Horsetooth Rd B o a r d walk D r E Harmony Rd J o hn F K e n n ed y P kwy Landings Dr S Lemay Ave Proposed Midtown Business Improvement District Boundaries Street Centerlines - Major Foothills Parkway Frontage College Ave Frontage © ATTACHMENT 1 1 BID GOVERNANCE The BID statute allows for a board of 5 to 11 members who are BID electors. The Midtown BID board will initially consist of nine appointed members from the Midtown BID area. The Midtown BID recommends that City Council appoint the following initial board members: Board Member Affiliation Rationale for Inclusion on Board Steve Taylor Hot Corner Concepts Long standing Fort Collins business owner and resident who has participated in the Old Town DDA and will help represent the restaurant users along the corridor Rayno Seaser The Egg & I Long standing Fort Collins business owner and resident who has participated and will also help represent the restaurant users along the corridor Mike Dellenbach Dellenbach Chevrolet Long standing Fort Collins business owner and resident who will help represent the car dealers along the corridor David Fritzler BBVA Compass Well established and respected member of the business community who will help represent the financial institutions along the corridor Spiro Palmer Palmer Properties Long standing Fort Collins business owner and resident who will help represent the shopping centers and general businesses Luke McFetridge NewMark Merrill Mountain States President of the SFCBA leading the efforts to form the BID and will remain on the Board to see the vision through John Gaffney Foothills Mall GM of Foothills Mall, representing a catalyst project in Midtown and demonstrating the Mall’s commitment to the BID by serving Lauren DeRosa Wild Birds Long standing resident and business owner in Fort Collins and will help represent the business lessees 1 Midtown Business Improvement District Josh Birks and Patrick Rowe ATTACHMENT 3 2 Tonight’s Action’s: 1) Resolution setting August 16th as the date of Public Hearing. 2) First Reading of the formation ordinance (Second Reading to occur on August 16th ). Business Improvement Districts 3 Business Improvement Districts What are they? Over 1,200 BIDs nationwide. Business Improvement Districts Funding 4 Self funded: • Commercial property special assessment; and/or • Commercial property mil levy. • May issue bonds 5 I. Initiated by petition – 50% of proposed district by acreage AND 50% by assessed value (commercial real and personal property only – no res) II. Public Hearing – formed by municipal ordinance III. TABOR election Business Improvement Districts Formation 6 • Do NOT have the power of eminent domain; • May exist in perpetuity, but many suggest and impose term limits in operating plan; • Only commercial properties may be included; property status changes between residential and commercial are reflected as they occur per County Assessor. • Governed by Board (appointed, elected, or City Council). Business Improvement District Other Information Midtown BID // Boundary 7 Commercial property with College Ave or E Foothills Pkwy frontage, between Prospect Rd and Harmony Midtown BID // Purpose 8 Purpose: • Leadership, support, and advocacy on matters critical to the district. • Placemaking and maintenance along College Avenue, including public art, banners, flowers, lighting and more. • Programming, marketing, and events. • Cultivate City partnership around mutual goals and objectives – sharing resources and ideas. 9 Funding: • Frontage assessment of $10 / linear foot. • Anticipated to raise approximately $300,000 per year. • Assessment increases limited to the Denver-Boulder Consumer Price Index (CPI, Denver-Boulder). Midtown BID // Funding 10 • Initial term of 10-years (can be extended by City after initial term) • Governance - Formation group, the South Fort Collins Business Association, has recommended initial slate board of nine (9) individuals. Midtown BID // Other Features 11 Midtown BID // Formation Steps and Schedule DATE ACTION July 25, 2016 Petition Submittal Deadline (OCCURRED) July 26, 2016 First Reading Formation (TONIGHT'S ACTION) August 16, 2016 PublicHearing and Second Reading Formation September 1, 2016 BID Board organizational meeting and oath of office Oct/Nov 2016 TABOR Election 12 Tonight’s Action’s: 1) Resolution setting August 16th as the date of Public Hearing. 2) First Reading of the formation ordinance (Second Reading to occur on August 16th ). Business Improvement Districts 13 Thank you. -1- RESOLUTION 2016-055 OF THE COUNCIL OF THE CITY OF FORT COLLINS SETTING FOR AUGUST 16, 2016, A NOTICED PUBLIC HEARING FOR THE CITY COUNCIL’S CONSIDERATION OF AN ORDINANCE AUTHORIZING THE ORGANIZATION OF THE MIDTOWN BUSINESS IMPROVEMENT DISTRICT WHEREAS, the Fort Collins City Clerk ("City Clerk") has received a petition requesting that the City Council adopt an ordinance authorizing the organization of the Midtown Business Improvement District (the "Midtown District") pursuant to the provisions of the Business Improvement District Act, as found in Part 12 of Article 25 of Title 31 of the Colorado Revised Statutes, (the “Act”) and requesting that the Council designate the service area of the Midtown District as a location for new business or commercial development; and WHEREAS, in accordance with C.R.S Section 31-25-1206 of the Act, the City Council is now required to set the date, time and place for the Council to conduct a public hearing on this request to organize the Midtown District; and WHEREAS, the City Clerk is also now required, in accordance with Section 31-25-1206, to cause a notice by publication to be made of the pendency of the petition and of the service area boundaries, improvements, and services of the proposed Midtown District, and of the date, time and place of the public hearing before City Council as set in this Resolution; and WHEREAS, the City Clerk is further required by Section 31-25-1206 to cause a copy of said published notice to be sent by first-class mail to each property owner within the service area and boundaries of the proposed Midtown District at each property owner’s last-known address, as disclosed by the tax records of Larimer County; and WHEREAS, at the conclusion of said hearing, if City Council determines that the petition satisfies the requirements of the Act, Council will consider designating the boundaries and service area of the proposed Midtown District as a location for new business and commercial development, and further consider the adoption of an ordinance organizing the Midtown District. NOW THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF FORT COLLINS as follows: Section 1. That the City Council hereby makes and adopts the determinations and findings contained in the recitals set forth above. Section 2. That a public hearing on the sufficiency of said petition for the organization of the Midtown District is hereby ordered to be held before City Council, as required by Section 31-25-1206, on the question of whether the service area of the proposed Midtown District shall be designated as a location for new business or commercial development and to consider the adoption of an ordinance to organize the proposed Midtown District. Section 3. That such hearing shall be held during the August 16, 2016, regular meeting of the City Council that will start at 6:00 p.m. and be held in City Council Chambers -2- located at 300 LaPorte Avenue, Fort Collins, Colorado 80521, at which date, time and place any interested party may appear and be heard on the sufficiency of the petition and on the issue of whether the service area of the proposed Midtown District shall be designated as a location for new business or commercial development. Section 4. That the City Clerk shall cause notice of this public hearing to be published and mailed in accordance with the requirements of Section 31-25-1206 of the Act. Passed and adopted at an adjourned meeting of the Council of the City of Fort Collins this 26th day of July, A.D. 2016. _________________________________ Mayor ATTEST: _____________________________ City Clerk -1- ORDINANCE NO. 095, 2016 OF THE COUNCIL OF THE CITY OF FORT COLLINS ESTABLISHING THE MIDTOWN BUSINESS IMPROVEMENT DISTRICT, APPOINTING THE INITIAL MEMBERS OF THE BOARD OF DIRECTORS OF THE DISTRICT, APPROVING THE DISTRICT’S INITIAL OPERATING PLAN AND PRELIMINARY 2017 BUDGET, AND DESIGNATING THE SERVICE AREA OF THE DISTRICT WHEREAS, City Council has received a petition for the organization of the Midtown Business Improvement District within the City (the “District”); and WHEREAS, based upon the petition for organization (the “Petition”) and other evidence presented to City Council, the Petition has been signed in conformity with the Business Improvement District Act, C.R.S. Section 31-25-1201 et seq., (the “Act”), the signatures on the Petition are genuine, and the signatures of parties thereon represent the persons who own real or personal property in the service area of the proposed District having a valuation for assessment of not less than fifty percent of the valuation for assessment of all real and personal property in the service area of the proposed District and who own at least fifty percent of the acreage in the proposed District; and WHEREAS, the Petition sets forth, among other things: (a) The name of the proposed District, which is: “Midtown Business Improvement District”; (b) A general description of the boundaries and service area of the proposed District which is: the boundaries include parcels fronting South College Avenue from Prospect Road in the north to Harmony Road in the south, as well as those fronting East Foothills Parkway between East Swallow Road and South College Avenue in the City. A map of the proposed BID boundary is attached hereto for reference. The boundaries of the BID include all properties within the service area perimeter which are classified as commercial property as defined in the Business Improvement District Act, C.R.S. Section 31-25-1203(2), all of which is located in the City and consists of approximately 264.76 acres, more or less (the “Service Area”); (c) A general description of the types of services or improvements or both to be provided by the proposed District; (d) The names of three persons to represent the petitioners, who have the power to enter into agreements relating to the organization of the District; (e) A request that City Council appoint the initial members of the Board of Directors of the District pursuant to C.R.S. Section 31-25-1209(1)(b); (f) A request that Council consider the District's initial operating plan and 2017 budget for approval in accordance with C.R.S. Section 31-25-1211; -2- (h) A request that City Council approve the organization of the District; and WHEREAS, City Council has determined that it appears that the allegations of the Petition are true; and WHEREAS, City Council has determined that the types of services or improvements to be provided by the proposed District are of the type which best satisfy the purposes of the Act; and WHEREAS, the Petition was filed with a cash deposit of $500, the amount determined by the City Clerk to be sufficient to cover all municipal expenses associated with these proceedings in case the organization of the proposed District is not effected; and WHEREAS, the Service Area of the proposed District is entirely within the City; and WHEREAS, the Service Area of the proposed District is not located within any other existing business improvement district; and WHEREAS, a legal description of the Service Area of the proposed District is attached hereto as Exhibit “A”, a map of the boundaries of the Service Area of the proposed District is attached hereto as Exhibit “B”, and said exhibits are incorporated herein by reference. NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF FORT COLLINS as follows: Section 1. That the City Council hereby makes and adopts the determinations and findings contained in the recitals set forth above. Section 2. That upon consideration of a recommendation that an ordinance be enacted creating the Midtown Business Improvement District (the “District”), Council finds: (a) That the proposed District was initiated by a Petition filed in the Office of the City Clerk of the City of Fort Collins, on or before the 26th day of July, 2016, that the Petition was sufficient, that the allegations in the Petition are true, that such Petition was determined to be in due and regular form and properly executed, and that appropriate organizational fees have been paid by Petitioner; (b) That City Council has heretofore fixed a place and time for a hearing on the Petition, which hearing has been scheduled for Tuesday, August 16, 2016, at 6:00 p.m., in the City Council Chambers, City Hall West, 300 LaPorte Avenue, Fort Collins, Colorado; (c) That notice of such hearing has been duly published and the proponents of the District have mailed notice of such hearing to each property owner within the boundaries of the proposed District, as required by C.R.S. Section 31-25-1206; -3- (d) That the District’s 2017 Operating Plan and Budget (the “Initial Operating Plan”), which document includes the District's preliminary 2017 budget, is attached hereto as Exhibit “C”; (e) That the proposed District is lawful and necessary, should be created and established, and that the proposed District does not include territory that is within any other business improvement district. (f) That the area of the proposed District is hereby designated, after notice and public hearing, as a location for new business or commercial development. Section 2. The Midtown Business Improvement District is hereby created, organized, and established for the purposes and shall have the powers set forth in the Act, except as otherwise modified in this Ordinance. All services and improvements provided by the District shall be undertaken in accordance with the Act and the Initial Operating Plan, as the same may be amended from time to time. Any amendments to this Ordinance must first be approved by City Council. Section 3. The Service Area of the District is set forth in Exhibit “A” and depicted in Exhibit “B”, which exhibits are attached hereto and incorporated herein by reference. The District is located entirely within the City of Fort Collins and a general description of the Service Area is the area generally described as: the boundaries include parcels fronting South College Avenue from Prospect Road in the north to Harmony Road in the south, as well as those fronting East Foothills Parkway between East Swallow Road and South College Avenue in the City, consisting of approximately 264.76 acres. The boundaries of the proposed District shall consist of all “commercial property” now or hereafter located within the Service Area, as that term is defined in C.R.S. Section 31-25-1203(2), but specifically excluding all taxable personal property. As set forth in the Initial Operating Plan, the District may provide services and improvements inside and outside of the Service Area. Section 4. Inclusion and exclusion of property into or from the District shall be completed as provided in the Act. Property located within the Service Area of the District, as shown in Exhibit B attached hereto, that satisfies the definition of “commercial property” set forth in C.R.S. Section 31-25-1203(2), but specifically excluding taxable personal property, shall automatically be included within the District's boundaries as provided in the Act and shall have all rights and obligations of other commercial property located within the District on and after January 1 of the year following said change. Section 5. The District shall be a quasi-municipal corporation and political subdivision of the State of Colorado with all powers and responsibilities thereof. The District shall hereafter have the corporate name specified in the Petition: Midtown Business Improvement District. -4- Section 6. Pursuant to C.R.S. Section 31-25-1209(1)(b), the Board of Directors of the District (the “Board”) shall consist of nine (9) electors of the District, appointed by the Mayor and confirmed by City Council. Each member of the Board shall be an elector of the District, as that term is defined in C.R.S. Section 31-25-1203(4)(a). The initial members of the Board are hereby appointed and confirmed, and shall take office upon qualification and their terms are set as follows: (a) Steve Taylor (3 years) (b) Rayno Seaser (3 years) (c) Mike Dellenbach (3 years) (d) David Fritzler (2 years) (e) Spiro Palmer (2 years) (f) Luke McFetridge (3 years) (g) John Gaffney (2 years) (h) Lauren DeRosa (2 years) (i) Carrie Baumgart (2 years) Section 7. In accordance with C.R.S. Section 31-25-1209(1)(b), members of the Board shall serve at the pleasure of the Mayor and City Council. Meetings of the Board shall be subject to the Colorado Open Meetings Law. A majority of the Directors in office constitute a quorum. Officers of the District shall include a Chairperson and President, Vice-President, Secretary, Assistant Secretary, and Treasurer. The Directors shall elect the District's officers. Within thirty (30) days after a vacancy occurs or as otherwise provided by law, a successor shall be appointed by the Mayor and confirmed by resolution of City Council. Section 8. Within thirty (30) days of the effective date of this Ordinance, or within thirty (30) days of each subsequent appointment to the Board by the City Council by resolution, each member of the Board shall appear before an officer authorized to administer oaths and take an oath that he or she will faithfully perform the duties of his or her office as required by law and will support the constitution of the United States, the constitution of the State of Colorado, and laws made pursuant thereto. The Board shall carry out the responsibilities required of such Board by the Act and other applicable law. Section 9. The Initial Operating Plan, including the District's preliminary 2017 budget, is hereby approved. The Board will formally adopt the District's 2017 budget following the effective date of this Ordinance, in compliance with the Colorado Local Government Budget Law. Once formally adopted by the Board, a copy of the District's 2017 budget will be provided to the City Clerk. The budgets for 2018 and subsequent years shall be incorporated into the District's annual operating plan submitted to the City for review and approval on or before September 30th of each year (commencing with September 30, 2017), as required by C.R.S. Section 31-25-1211. The District is authorized to proceed with an election on November 8, 2016, for any purpose authorized by the Act. The District shall have the power to issue debt, subject to the limits and restrictions on the same as set forth in the Initial Operating Plan and electoral approval. -5- Section 10. The District shall not have the power to levy ad valorem taxes. No business personal property shall be deemed to be within the boundaries of the District. Section 11. The District shall have the power to provide improvements as defined in C.R.S. Section 31-25-1203(5) and services as described in C.R.S. Section 31-25-1212 as limited by the Initial Operating Plan, as amended from time to time. Section 12. The Board shall file its annual operating plan and budgets, including any proposed amendments thereto, with the City Clerk for the approval of the City Council as provided in C.R.S. Section 31-25-1211. Section 13. The actions of the City Clerk, petitioner, and the designated election official in setting and providing public notice of the public hearing on the sufficiency of the Petition, and in the November 8, 2016, election and in furtherance hereof are hereby ratified and confirmed. Section 14. All acts, orders, resolutions, ordinances, or parts thereof, in conflict with this Ordinance are hereby repealed, except that this section shall not be construed so as to revive any act, order, resolution, or ordinance, or part thereof previously repealed. Introduced, considered favorably on first reading, and ordered published this 26th day of July, A.D. 2016, and to be presented for final passage on the 16th day of August, A.D. 2016. __________________________________ Mayor ATTEST: _______________________________ City Clerk Passed and adopted on final reading on the 16th day of August, A.D. 2016. __________________________________ Mayor ATTEST: _______________________________ City Clerk A?;>;;988: :* * A?;=9=@88= =* A?:=:>?889 9* S Shields St S College Ave E Drake Rd W Drake Rd E Prospect Rd SMason St E Horsetooth Rd WProspect Rd W Harmony Rd S Lem a y Ave W Horsetooth Rd B o a r d walk D r E Harmony Rd J o hn F K e n n ed y P kwy Landings Dr S Lemay Ave Proposed Midtown Business Improvement District Boundaries College Ave Frontage © Foothills Parkway Frontage EXHIBIT B B ($+#)' # '' "%&$* " #( '(& (0 1 % &( # !# C % %+ ) *+ % 2+ - %) + - ,* * &)* &'*2* .#"*%&' %*' *+ +%&&*++ &%&$02+ ,* - )* 0 % + $ /% % % .,* % **&''&)+,% + *4 )&- .) % **2) & % + &%2')&$&+ &%% ,+ &%&,+ +&.%4 D - # ++ % - %+*+ +) - +) %+&,* % ** *%# - ) % ')+% )* '*. + +&.% *+" &# )*4 - ,# %&$$,% +0) #+ &%* %*,''&)+& )&. % + +&.%&)) &)+ + #'')&$&+ . 0 +&.% * *+ %+ &% % +*&.%) +4 E $ $ )* '*2 9 &)9* )- ')&! +*2)&.*&,) % %')+% )* '*&%+&'& + *' # ** **$ %+4 &)2. + +0'')&-#2.&,# + )$ % + %%,#&' )+ % , + 0 ) & &' )+ &%*2* ,'&%+ ') &) + ** +&,+ %+ *'#%4 )&' )+ *! %++&2,+%&+. + %+ &,%) *2$0 # ++&')+ '+ %+ 4'&% ) (, *+2+ .&,#')&- + % #** *+% +& #'4&&*&2+ &.% )*& *, ')&' )+ * .&,# ) (, ) +& # .) ++ %' + + &%. + + +0& &)+&## %*2) (, *+ % + ++ )')&' )+0 %#, %+ 4 ' + + &%* ## &$'% 0 '&* +& $&% 0*, %++&'0## &*+*& + %#,* &%&) /#,* &%')& % *4,# %&+ . ## - %2',# ) % . ## # %%&) %% $0 &'+ 0&)+&## %* +0&,% #4 + )$ %+ &%& ** **$ %+ &) ')&' )+ *!& % % + . &%&+ - )&%+ &% + )&## - %, &)&&+ ##*)".0 * ## ** ** + *$ )&%+ )+ *+ ) *+& + &)+ )')+ ,#) )&%+ &%+ *+) + + 0) #&+ 4 *##&. 0#.2+ $0 **, &%*&)&+ )$,#+ '# 90 ) %% #&# + &%* F %*+ +,+ &%*#&% + &)) &) ' )&#$ ) #$ ))&' )+ * &% *+% % &)+&## %* ,* % **&.% )%) * %+ . &. ## #') ') * %++ * &'' % %+ )*% % )# ,* % ** *#&% + &)) &) ," +) .)" )) ##&,%+ %++ * ) * %+& + # % + &)+*+& &)$+ %. ##) $ %&%+ &)+&* + - * &% + )&, & % % 0 &&+ ##*## & &&+ ##*##2 ) ') * %+ % +#0*+')&! + % +&.%% $&%*+)+ % + ##5* &$$ +$ %++&+ 0 * )- % &%+ &) ,) % &* # )* &% *+% % ) * %+% ,* % **&.% ) %&)+&## %* %. ## #') ') * %++ ,* % **# ** * )) ,$ )+ )"# 0&+&)* ' )+ % )& )"# 0&+&)*) ') * %+ % + ) # )* %+ *+) + + )$*& & * ## *+ ) +& %&,) &%+ %, +0 % &- )%% 4 $/ $,$# % + & + )$ *+ ) ;D<0 )*%+ &%* ,+ - + )$# $ +* ## +.&;C<+ )$*4 + )$ $ ) * ,# ## +.&&%* ,+ - + )$*2+ +' )*&%$0%&+ $ $ )& + +&.% &- )% % &0 &)+ ) ;D<0 )* &) % ) ''& %+ 4 G +&.% . ##')&- %,$ )& % +*+&+ +0& &)+&## %*2 %#, % 3 &## + - # )% $' &% &)+ - * &%& +&.%2%# )')+% ). + . + +0 %.&)" #'+ +0& &)+&## %*-% +*" 0*+)+ &! + - * # ) &%&$ % +*2 %#, % ,+%&+# $ + +&3 - %) * *# *) - %, + )&, + + -+ &%2$)" + % %')&$&+ &%& +&.%) + % $&) - * +&)*%$&) *' % % %+ ) - - #&'$ %+& +&.%*% %+ )+ %$ %+%* &'' % , - %+ ) *+ % 2+ - %) + - ,* * &)* &'*2* .#"*%&' %*' * ''&)+,% +0+& ,)+ ) $&%*+)+ + &$$ +$ %++& +&.%&,+# % %+ +05* +&.% #% ) + * &%+ - +0 %+ ) %&)+&## %*%6'# 7 0&%&.%+&.% %&)+&## %* &) - * +&)*%#&#* ,+ + &%& + +0+ )&, ) ) * % %- &)+ ) +) (, ) *+ +& # %%%,#&' )+ % '#%%, +. + + +0&%&) &) '+ $ )DA& 0 )4 +0. ##) - .%'')&- + &' )+ % '#%%, +*')&- 0#.4 % )&#&)&#.2+ $0 **&#- &##&. % ',# ) % ')&' )+0&.% )* ) ') * %+ % +# *+FAJ& ) . + %+ %+# *+FAJ& +&+#** ** -#, . + %+ *,$ +' + + &%* &) **&#,+ &%+& +0&,% #4 +0&,% ##*&) + %* *) + &%+& % + + **&#,+ &%')& % * + #*+&*,$ +%&' )+ % '#%%, + &)+.&*, ** - 0 )*4 +&.% /' +*+&.&)". + + &,+ &)+&## %*,* % ****& + &%;<+& # - ) +* * )- *% ) *+ 4 *FAB;<;G<&) % 1+ &%+ +*,''&)+*+ - #&'$ %+& +&.% &)+&## %*4 * %&#&)&$0 ' )' +,#4 &. - )2+ +&.% . ## - % % + #+ %90 )+ )$4 * . ####&. &)')&' )+0%,* % **&.% )*+& -#,+ + 5* + - % **++ %& + + )$4 + * $ *, ** ,#2+ &). ##) (, *++ ++ +0&,% #) % .+ 0 &) %% + )+ % + #' ) &4 + *%&+&%* ) +& *, ** ,#2 +. ##*,%* +++ %& + % + #+ )$4 * )- *. ## * % +&*,''# $ %+ / *+ % +0* )- *%. ## % + &%+& +0* )- * + +) ,)) %+#0')&- % +&.%4 * )- *. ##%&+) '# %0 / *+ % +0* )- *4 # + &%$,*+ &$'#0. + ##''# # *++ ) (, ) $ %+*2 %#, % + $ %$ %+2%.&,## $ ++ $&,%+& ++ +$0 **, +&%&$&) + %+ $&,%++ + *'')&- 0+ -&+ )*4 *++,+ ##&.* &)&)& F+&BB$ $ )*. &) # +&)*4 +&.% &). ## % + ##0&%* *+& ''& %+ $ $ )* )&$+ +&.% ) 4 +&.% ) &$$ %* + + +0&,% #''& %++ &##&. % % + #&)$ $ )*3 $& " & ! 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arrie Baumgart Markley Motors Chief Operating Officer of Markley Motors representing the car dealers in the district ATTACHMENT 2