SUBJECT:
Title
An Ordinance 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
Presenter
PRESENTER(S): Julian Jacquin, Director of Economic Development & TOEURA
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Time
TIME ESTIMATE: 0 minutes
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For time estimate: please put 0 for Consent items.
Fiscal
FISCAL SUMMARY:
This action has no direct fiscal impact on the Town. All public improvements within the district are funded through BID assessments, revenues, and bonding. The Town incurs no debt or financial obligation and retains administrative oversight and annual operating plan review.
Policy
POLICY ISSUES:
Approving this Ordinance satisfies the statutory requirement under the Colorado Business Improvement District Act to formally organize a BID by ordinance following prior approval by resolution. The action aligns with the Town's Economic Incentive Policy adopted in May 2025, which allows BIDs as a financing tool for destination and commercial development.
Recommendation
STAFF RECOMMENDATION:
Approve the Ordinance formally organizing the Erie Sports Business Improvement District, establishing its boundaries and service area, appointing the Board of Directors, and approving the 2025 and 2026 Operating Plan and Budget.
Body
SUMMARY/KEY POINTS
* Council previously approved organization of the Erie Sports Business Improvement District by resolution on Nov. 4, 2025.
* State law requires final approval of a BID to occur by ordinance rather than resolution.
* This Ordinance completes the legal formation of the BID with no changes from the previously approved operating plan or boundaries.
BACKGROUND OF SUBJECT MATTER:
On Sept. 18, 2025, the Town received a petition to organize the Erie Sports Business Improvement District to finance public improvement...
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