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File #: 19-1101    Version: 1 Name:
Type: Bill Status: Passed
File created: 10/11/2019 In control: Finance & Governance Committee
On agenda: 11/18/2019 Final action: 11/18/2019
Title: A bill for an ordinance approving an Amended Budget for 2019 and an Operating Plan and Budget for 2020 for the Five Points Business Improvement District. Approves the 2020 Operating Plan and Budget and amends the 2019 Budget for the Five Points Business Improvement District in Council District 9. The Committee approved filing this item at its meeting on 10-22-19.
Indexes: Jonathan Griffin
Attachments: 1. BR19 1101 DOF Five Points BID 2020 OPB, 2. BR19 1101 DOF Five Points BID 2020 Packet, 3. 19-1101 Filed Bill_Five Points BID for 2020 Operating Plan and Budget, 4. 19-1101 DOF Five Points BID 2020 Packet, 5. 19-1101 Filed Bill_Five Points BID for 2020 Operating Plan and Budget, 6. 19-1101 - signed, 7. 19-1101 A bill for an ordinance approving an Amended Budget for 2019 and an Operating Plan and Budget for 2020 for the Five Points Business Improvement District.
Other/Miscellaneous Request Template (Appointments; ROW; Code Changes; Zoning Action, etc.)

Date Submitted: 10-11-19

Requesting Agency: Finance
Division:

Subject Matter Expert Name:

Name: Michael Kerrigan - Finance
Email: michael.kerrigan@denvergov.org


Item Title & Description:
(Do not delete the following instructions)
These appear on the Council meeting agenda. Initially, the requesting agency will enter a 2-3 sentence description. Upon bill filling, the City Attorney's Office should enter the title above the description (the title should be in bold font).

Both the title and description must be entered between the red "title" and "body" below. Do not at any time delete the red "title" or "body" markers from this template.
title
A bill for an ordinance approving an Amended Budget for 2019 and an Operating Plan and Budget for 2020 for the Five Points Business Improvement District.
Approves the 2020 Operating Plan and Budget and amends the 2019 Budget for the Five Points Business Improvement District in Council District 9. The Committee approved filing this item at its meeting on 10-22-19.
body

Affected Council District(s) or citywide?

Executive Summary with Rationale and Impact:
Detailed description of the item and why we are doing it. This can be a separate attachment.
State statute requires that City Council approves or disapproves the BID budget for the upcoming year. The ordinance represents the City's approval for the expenditures and revenues necessary to execute the responsibilities of the District.

EXECUTIVE SUMMARY

Business Improvement Districts (BID's) are organized for the benefit of commercial properties to assist with infrastructure improvements and their maintenance, as well as having the ability to perform marketing and economic development activities. This is the operating plan and budget for the Five Points BID and it is submitted annually.


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