HomeMy WebLinkAboutMemo - Mail Packet - 8/9/2016 - Memorandum From Economic Advisory Commission Re: Midtown Business Improvement DistrictEconomic Health Office
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PO Box 580
Fort Collins, CO 80522
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MEMORANDUM
DATE: August 4, 2016
TO: Mayor and Councilmembers
CC: Darin Atteberry, City Manager;
Jeff Mihelich, Deputy City Manager;
Jacqueline Kozak-Thiel, Chief Sustainability Officer
Josh Birks, Economic Health and Redevelopment Director
FROM: Sam Solt, Chair – Economic Advisory Commission;
Ted Settle Vice-Chair – Economic Advisory Commission; and
Members, Economic Advisory Commission
RE: MIDTOWN BUSINESS IMPROVEMENT DISTRICT
The purpose of this memorandum is to inform City Council of the Economic Advisory Commission’s
(EAC) recommendation regarding the City Council’s pending action to form the Midtown Business
Improvement District.
Position:
The Economic Advisory Commission reviewed the proposed Midtown BID on July 20, 2016 and is
recommending that the Council support the authorization of the Midtown BID.
Background:
Prior to formation of a Business Improvement District (BID), City Council must consider an Ordinance
authorizing the organization and approving the associated service plan.
The EAC reviewed the proposed Midtown BID at their July 20, 2016 meeting. Based on this
presentation, the EAC is recommending that the Council support the authorization of the Midtown BID.
The self-imposed special assessment provides a means for property owners in the area to leverage public
sector investments while also advocating for and funding needed improvements to the Midtown area.
We appreciate that the private sector has identified a need in their area and is proactively working to
improve the Midtown area.
In its Operating Plan, the Midtown BID recommends City Council appoint nine named members to its
Board. The EAC believes this will not be the only BID considered for adoption in our community. As a
result, the EAC would recommend that future BIDs consider electing rather than appointing their Board
Members. Elections can encourage greater diversity of background and perspective on the Board.