SUBJECT:
Title
Presentation by Erie Four Corners Business Improvement District (BID) and Consideration of An Ordinance of the Town Council of the Town of Erie Filling One Vacancy on the Board of Directors of the Four Corners Business Improvement District
Body
DEPARTMENT: Economic Development
Department
PRESENTER(S): Julian Jacquin, Director of Economic Development & TOEURA
Malcolm Fleming, Town Manager
David Starnes, Erie Four Corners LLC
Walter Pounds, Erie Four Corners LLC
CJ Kirst, Erie Four Corners LLC
First Name Last Name, Title
TIME ESTIMATE: 20 minutes
only required for non-consent items
FISCAL SUMMARY: N/A
POLICY ISSUES:
The policy issue is to meet the Town Council's statutory obligation to appoint Directors to the Four Corners Business Improvement District (BID), allowing their Board to maintain full representation of five Directors.
STAFF RECOMMENDATION:
Recommendation
Participate in the discussion with Erie Four Corners and approve the Ordinance filling one vacancy on the Board of Directors of the Four Corners Business Improvement District.
End
SUMMARY AND BACKGROUND OF SUBJECT MATTER:
The Erie Four Corners Business Improvement District (BID) was approved by the Erie Board of Trustees (now Town Council) on Sept. 27, 2016, to help finance the construction of public improvements for the Four Corners development at the Southwest corner of Erie Parkway and E. County Line Rd. The Erie Four Corners BID is a separate governmental entity, governed by a Board of Directors, consisting of five (5) Directors. Section 31-25-1201 et seq., C.R.S. (the "Business Improvement District Act") governs BIDs and provides the authority under which the Erie Town Council appoints Directors to the BID Board of Directors, all of whom must own or lease property within the BID.
The current Erie Four Corners BID Board of Directors consists of four representatives of the land development team (who own/lease real property in the boundary) and one vacancy.
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