HomeMy WebLinkAbout2023-097-11/21/2023-APPROVING THE 2024 OPERATING PLAN AND PROPOSED BUDGET OF THE FORT COLLINS MIDTOWN BUSINESS IMPROVEMERESOLUTION 2023-097
OF THE COUNCIL OF THE CITY OF FORT COLLINS
APPROVING THE 2024 OPERATING PLAN AND PROPOSED BUDGET
OF THE FORT COLLINS MIDTOWN BUSINESS IMPROVEMENT DISTRICT
WHEREAS,on December 5,2017,the City Council adopted Ordinance No.165,2017,
creating the Midtown Business Improvement District (the “District”)in accordance with the
provisions of the Business Improvement District Act in Part 12 of Article 25 in Title 31 of the
Colorado Revised Statutes (the “Act”);and
WHEREAS,Section 31-25-1211 of the Act requires a business improvement district
(“BID”)to submit by September 30 of each year to the clerk of the municipality that established
it,the BID’s proposed operating plan and proposed budget for the upcoming year;and
WHEREAS,on September 28,2023,the District timely submitted to the City Clerk the
District’s proposed 2024 operating plan,a copy of which is attached as Exhibit “A”and
incorporated herein by reference (the “2024 Operating Plan”),and the District’s proposed 2024
budget,a copy of which is attached as Exhibit “B”and incorporated herein by reference (the
“2024 Budget”);and
WHEREAS,Section 31-25-1211 of the Act provides that the City Council shall either
approve or disapprove the 2024 Operating Plan and the 2024 Budget by December 5,2023,and,
if approved,the District’s services,improvements and financial arrangements for 2024 are to
conform as far as practicable to the 2024 Operating Plan and the 2024 Budget unless amended
with the City Council’s prior approval;and
WHEREAS,the City Council has reviewed the 2024 Operating Plan and the 2024 Budget
and finds and determines that they satisfy the requirements of the Act and should be approved.
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 the 2024 Operating Plan and the 2024 Budget are hereby approved
and,as required by the Act,the District’s 2024 services,improvements and financial
arrangements shall conform as far as practicable with the 2024 Operating Plan and the 2024
Budget.
Section 3.That the District’s directors and their corresponding terms set forth in the
2024 Operating Plan are hereby appointed and approved.
Passed and adopted at a regular meeting of the Council of the City of Fort Collins this 21st
City Clerk
day of November,2023.
ATTEST:
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EXHIBIT A TO RESOLUTION 2023-097
Midtown Business Improvement District (BID)
2024 Operating Plan
BID NAME
Midtown Business Improvement District (BID)
LEGAL AUTHORITY
The Midtown BID is organized pursuant to the Business Improvement District Act,Section 31-25-1201 et
seq.,Colorado Revised Statutes.
ABOUT THE MIDTOWN BID
Midtown is a growing,thriving hub in central Fort Collins.The properties adjacent to College Avenue,
from Drake to Boardwalk,as well as the Foothills Mall properties located on Foothills Parkway,make up
the Midtown BID.In total,the corridor spans slightly over one and a half miles.
THE VISION FOR MIDTOWN
Midtown stakeholders have been workingtogetherforthe last ten years through significant planning efforts to
envision a refreshed future for the district,one that continues to invigorate the area with destination
retail,higher-density development,commercial opportunities,and unique urban living.The formation of
the BID brought with it a commitment to establish a distinctive identity,placemaking,events,activities and
people-oriented uses to establish a vibrant and dynamic shopping and entertainment area in the heart of
Fort Collins.Historically characterized as the strip retail corridor of Fort Collins,the vision for Midtown
will incorporate urban redevelopment urban design,and enhanced pedestrian spaces to begin a long
term transition to a place where citizens need to go for services but want to stay once they arrive.
Continuous BID and City investment in revitalization will ensure the City’s planning efforts for the
corridor will be realized and the retail core of the community will be stable.
THE BID’S ROLE IN MIDTOWN
The Midtown BID provides a sustainable funding source 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 Midtown BID aims to:
•Create a collective voice to accomplish the goals of the neighborhood,provide leadership for the
neighborhood,and champion the vision of Midtown.
•Purposefully improve and advance Midtown urban design to 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.Working with the City’s previously developed Midtown Plan and Midtown in Motion Plan,
various improvements are envisioned over the next 10 years that will transform the Midtown Corridor
from classic suburban strip,to vital exciting urban form.
•Create synergistic relationships with the City of Fort Collins to create an accessible and desirable
place for locals and visitors.
•Provide awareness,recognition,promotion and education about Midtown.
•Be an administrative umbrella that brings the neighborhood togetherand maximizes funding
opportunities forthe future of Midtown.
BID BOUNDARIES
The Midtown BID includes parcels fronting South College Avenue from Drake Road in the north to
Boardwalk Drive in the south,as well as those fronting East Foothills Parkway between East Swallow
Road and South College Avenue in the City of Fort Collins,County of Larimer,State of Colorado.
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EXHIBIT A TO RESOLUTION 2023-097
BID SERVICES
The specific types of services that the BID will fund were developed and prioritized by the business and
property owners of Midtown,and include:
•Midtown Promotion and Management The BID aims to be the go-to resource for Midtown,
providing leadership and business support,while championing stakeholders’needs to create an
environment that’s welcoming to the larger community and visitors.Projects to support the
stakeholders will include:
Administrative support to help manage Midtown,advocate for Midtown needs,and focus
on leveraging resources and improvements for the area.
Supplementing the BID budget and identifying strategic funding opportunities to leverage
and enhance the base assessments collected from year to year.
Building partnerships and developing strategies to increase community participation,
leadership and coordination,including (but not limited to)partnerships with the City of Fort
Collins,the Midtown Business Association,the Fort Collins Downtown Development
Authority and the Downtown Fort Collins Business Association.
Providing business support for Midtown businesses,serving as the “concierge”for all
things Midtown and helping businesses succeed by providing them with useful tools and
resources,including tracking policies,data,and other useful information.
•Midtown Branding,Marketing,andActivation:The BID aims to develop and deliver a unique
experience that encourages locals and visitors to explore Midtown,and to establish a strong identity
that is recognizable and highlights the distinctive Midtown offer.Projects include:
Promotion of the Midtown brand.
Producing targeted marketing and messaging to the community and visitors.
Public and community relations in support of growing the Midtown corridor that help
promote why Midtown is a destination in its own right.
•Midtown Placemaking and Maintenance:The BID will work to activate the public realm in Midtown
and develop a clean,safe and friendly environment,offering enhancements and amenities that
create a welcoming destination and support larger-scale infrastructure projects proposed forthe
area.Projects will include:
Completion of full design documents for the S.College corridor,as envisioned in the
Midtown in Motion plan.
Development of a unifying aesthetic for Midtown’s public spaces and right of way through
the addition of public realm amenities throughout Midtown,including more benches,bike
racks,public art and trash/recycling cans.
Investments in unique Midtown wayfinding signage and gateways that create a sense of
place and help guests explore the area whether by car,by bicycle,or on foot.
BID ASSESSMENT METHOD AND BUDGET
The BID will utilize an assessment method that is based upon linear frontage of a property on College
Avenue and Foothills Parkway within the BID boundary.The assessment will be $10 per linear foot,
annually.Only commercially-assessed properties will be included.The BID will raise approximately
$160,000.
Additionally,the BID will have the ability to raise the assessment annually not to exceed the Consumer
Price Index for all Urban Consumers (CPI-U)for the Denver-Boulder-Greeley,Colorado metropolitan
area.This decision will be at the discretion of the BID board.
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EXHIBIT A TO RESOLUTION 2023-097
Bringing in revenue and contributions in addition to the BID assessment will increase impact and help
the organization to best leverage investments into Midtown.To that end,the BID will work to procure
supporting funding from the City of Fort Collins as well as grants,donations,sponsorships,
memberships,fee-for-service projects,crowdsourcing and partnerships on top of the BID special
assessment.The BID Board,with City approval,determine the annual operating budget each year of BID
operations,based upon the priorities set out in this plan.
Properties adjacent to,but not within the BID boundaries,may elect to participate in the BID.Upon
request,the BID would provide technical assistance to help.To do so,the owners of such properties
would be required to file a written petition with the City of Fort Collins,requesting that their property be
included in the BID.The petition shall be accompanied by a deposit of money sufficient to pay all costs
of the inclusion or exclusion proceedings.Public notice will be given,a public hearing will be held and an
ordinance may be adopted by Fort Collins City Council.The determination of assessment for properties
joining the BID which do not have frontage on either College Avenue or Foothills Parkway shall be
assessed the same frontage rate as the rest of the BID for their particularfrontage on the street they are
located.
2024 Proposed BID Budget and Services
The following table lays out the proposed 2024 budget for the Midtown BID,as well as some
considerations for each proposed expenditure:
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Staff/Administration
Funds for a part-time staff position to support the board and administer $36,000
the programs and projects of the BID
Branding,Marketing and Activation
In 2024,the BID will continue to support promotions and marketing of the $5 000
BID through brand development,marketing and PR.
Placemaking and Maintenance
A critical aspect of the BID work is to enhance the visible impact on the
district.The BID will continue to leverage City and otherfunding to
implement the 100%design of S.College Ave.,as identified in the $101,500
Midtown in Motion Plan.
Other Fees
These may include:
•1%collectionfeeforBlD Funds
Legal costs $17,500
•Accounting
•Insurance
TOTAL 2024 BUDGET $160,000
BID BONDING
The BID is not authorized to bond or take on debt.
EXHIBIT A TO RESOLUTION 2023-097
BID GOVERNANCE
The BID statute allows for a board of S toll members who are BID electors.The Midtown BID Board
consists of nine appointed members from the Midtown BID area.The terms of office shall be staggered to
encourage continuity in BID governance.The Midtown BID’s current board current Board of Directors is
comprised of the following individuals:
Board Member Affiliation
Rayno Seaser The Egg &I/First Watch Restaurants
Mike Dellenbach Dellenbach Chevrolet
David Fritzler,Treasurer Collegiate Peaks Bank/Representative of Palmer Properties
Luke McFetridge,Chair Noble Venture/Representative of Midtown Business Moot
House
Lauren DeRosa Wild Birds Unlimited Nature Shop
Carrie Baumgart Markley Motors
John Hoxmeir Gilded Goat Brewing
Patrick Bunyard Foothills Mall
OPEN SEAT—TO BE FILLED
BID TERM
The Midtown BID will have an initial ten-yearterm,commencing December 5,2017.This will allow for
property and business owners to evaluate the BID’s effectiveness at the end of the term.If the BID is
deemed successful,the BID Board will request that the City Council renewthe BID by ordinance after
the initial period.If the BID is not considered to be successful,it will sunset at the end of the initial
term.
CITY SERVICES
BID services will be designed to supplement existing City services and will be in addition to City
services that are currently provided in Midtown.BID services will not replace any existing City
services.
The Midtown BID will provide a number of benefits to the City of Fort Collins,including:
-A collective leader and champion for the vision of Midtown,and clear partner with which the
City can work
•Help the City of Fort Collins advance its key strategic objectives
•Opportunity to further demonstrate the commitment to Midtown outlined in the City’s Midtown Plan
and Midtown in Motion Plan
•Create a second activity center in Fort Collins and a “place”beyond downtown in Fort Collins
for visitors and locals
•Beautification of the City through a refreshed and invigorated area
ANNUAL REVIEW
The BID Act requires the BID to file an annual operating plan and budget with the City on or before
September30 of each year.The City will review and approve the operating plan and budget as provided by
law.
EXHIBIT B TO RESOLUTION 2023-097
MIDTOWN BUSINESS IMPROVEMENT DISTRICT
SUMMARY
2024 BUDGET AS PROPOSED
WITH 2022 ACTUAL AND 2023 ESTIMATED
For the Years Ended and Ending December31
BEGINNING FUND BALANCES
REVENUES
01 Property Taxes
03 Local Grants
Total Revenue
TRANSFERS IN
TOTAL AVAILABLE RESOURCES
EXPENDITURES
Management and Administration
Accounting and Tax Services
Legal
Larimer County Collection Fees
Insurance
Emergency Funds
Office Rent,Parking,Supplies and Misc.
Repayment of BID Start-up Expenses
PROGRAM EXPENSES
Promotion,Mgmt and Business Support
Branding,Marketing,Activation
Placemaking and Maintenance
Total Expenditures
Net Income
Emergency Funds
2022 Budget 2023 Actual ian-Aug Estimated 2023 Proposed 2024
S 225,657.10 $162,678.10 $147,039.85 $147,039.85 $250,128.85
$159,817.71 $165,000.00 $159,747.00 $160,000.00 $160,000.00
S 19,520.00 $20,000.00 $132,106.25 $280,480.00 $25,000.00
$179,337.71 $415,000.00 $291,853.25 $440,480.00 $185,000.00
$$$-$-$
$404,994.81 $577,678.10 $438,893.10 $587,519.85 $435,128.85
S 30,000.00 $36,000.00 $24,272.06 $36,000.00 $36,000.00
S 11,940.00 $13,000.00 $9,000.00 $11,500.00 $11,500.00
5 3,107.81 $1,450.00 $390.69 $1,500.00 $2,500.00
5 280.60 $225.96 $186.90 $260.00 $300.00
5 2,719.00 $2,000.00 $2,951.00 $2,951.00 $2,700.00
S -$-$-$
5 1,327.48 $800.00 $595.72 $700.00 $500.00
S -$$$$
5 2,389.02 $5,000.00 $2,384.20 $4,000.00 $2,500.00
S -$4,000.00 $$5 2,500.00
5 206,191.05 $347,247.00 $132,106.25 $280,480.00 $250,000.00
5 257,954.96 $409,722.96 $171,886.82 $337,391.00 $308,500.00
5 (78,617.25)$5,277.04 $119,966.43 $103,089.00 $(123,500.00)
S $-$-$-$-
$147,039.85 $167,955.14 $267,006.28 $250,128.85 $126,628.85ENDINGFUNDBALANCE