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 O...
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