Request for Council Action for Resolution 2002-75 REQUEST FOR COUNCIL ACTION

RESOLUTION: 2002-75

SUBJECT: A resolution approving the operating plan and budget of the One Horse Business Improvement District.

RECOMMENDATION: Adopt the Resolution.

SUMMARY AND BACKGROUND OF SUBJECT MATTER:

On August 26, 2002, the City adopted an ordinance declaring the organization of the One Horse Business Improvement District ("Business District"). This Business District was established generally to provide certain services in relation to the Colorado Mills retail center.

The Business District, and the City's relation to it, is controlled by C.R.S. 31-25-1201, et. seq. These statutes require, among other things, that the City approve an operating plan and a budget for the Business District.

The operating plan and the budget must specifically identify the services or improvements to be provided by the Business District, the taxes, fees, or assessments to be imposed by the Business District, the estimated principal amount of bonds to be issued by the Business District, and such additional information as the City may require.

FUNDING SOURCE: Not applicable

RESOLUTION ADOPTION DATE: October 28, 2002

ORIGINATED BY: Jacque Wedding-Scott, Finance Director

STAFF PERSON RESPONSIBLE: Jacque Wedding-Scott, Finance Director, 303-987-7601

DOCUMENTS ATTACHED: Resolution 2002-75
Operating plan and budget
*The Operating Plan and Budget is available for review in the City Clerk's Office.

SUBMITTED BY:
Jacque Wedding-Scott, Finance Director

REVIEWED BY:
Joni Inman, Director of the Mayor and City Manager's Office
Mike Rock, City Manager