SUBJECT:
Title
Public Hearing: A Resolution of the Town Council of the Town of Erie Organizing the Erie Sports Business Improvement District, Describing its Boundaries and Service Area, Establishing a Board of Directors, and Approving the 2025 and 2026 Operating Plan and Budget
Department
DEPARTMENT: Economic Development
Finance
Planning & Development
Presenter
PRESENTER(S): Jack Hill, Business Development Specialist
Lockie Woods, URA Development & Accounting Analyst
Harry Brennan, Senior Planner
Zachary P. White, Petitioner
Michal Bosma, Petitioner
end
Time
TIME ESTIMATE: 30 minutes
end
For time estimate: please put 0 for Consent items.
Fiscal
FISCAL SUMMARY:
The formation of the Erie Sports Business Improvement District (BID) has no direct fiscal impact on the Town. All financing, construction, and maintenance of public improvements within the district will be funded through BID revenues, assessments, and bonding, with no financial obligation or debt liability to the Town. The Town’s role is limited to administrative oversight and annual review of the BID’s operating plan and budget.
Policy
POLICY ISSUES:
Approving the Erie Sports Business Improvement District (BID) formalizes a financing and governance structure for public improvements associated with the Erie Indoor Sports Complex. This follows the Town’s adopted Economic Incentive Policy (May 2025), which allows BIDs as a special financing tool to support destination development projects.
Recommendation
STAFF RECOMMENDATION:
Approve the Resolution organizing the Erie Sports Business Improvement District, describing its boundaries and service area, appointing the initial Board of Directors, and approving the 2025 and 2026 Operating Plan and Budget.
Body
SUMMARY/KEY POINTS
• The Town received a Petition on Sept. 18, 2025, to organize the Erie Sports Business Improvement District under the Colorado BID Act.
• The Town Council adopted Resolution 25-170 on Oct. 14, 2025, setting the Nov. 4 public hearing and authorizing public notice.
• The BID will finance $6.1 million in public improvements for the Erie Indoor Sports Complex and related commercial sites through district revenues and bonding authority.
BACKGROUND OF SUBJECT MATTER:
The Erie Sports Complex is a 36.11-acre destination sports and commercial development featuring three outdoor soccer fields, four indoor courts, and seven commercial pad sites, available for sale. The Town approved the Final Plat and Development Agreement for the project on Dec. 10, 2024 (Resolution 24-179).
On Sept. 18, 2025, ESC, LLC submitted a petition to form the Erie Sports BID to finance and manage public improvements for the project. The petition meets all requirements under the Business Improvement District Act. The Town Council subsequently approved Resolution 25-170 to set the Nov. 4, 2025 public hearing and authorized publication and mailed notice.
The 2025-2026 Operating Plan outlines the BID’s governance and financing structure, including:
• Five-member board appointed by Town Council.
• Estimated $6,096,339 in public improvements (streets, drainage, water, sewer, landscaping).
• Maximum debt authorization of $7,620,000 with 50-mill debt service and 10-mill operations and maintenance caps.
• Developer advance of $45,000 for initial administrative expenses.
Approving Resolution 25-176 will organize the Erie Sports Business Improvement District as a political subdivision of the State of Colorado, adopt the Operating Plan and Budget, and authorize the BID to proceed with financing and construction of public improvements consistent with the Town’s Economic Incentive Policy (May 2025).
priorities
attachments
ATTACHMENT(S):
1. Resolution 25-176
2. Staff Presentation
3. Applicant Presentation
4. Petition for Organization of the Erie Indoor Sports BID
5. 2025-2026 BID Operating Plan and Budget
6. Notice of Public Hearing 2025.10.22
7. Erie Indoor Sports Final Plat
8. Erie Indoor Sports Development Agreement