Castle Rock Banner
File #: RES 2024-104    Version: 1 Name:
Type: Resolution Status: Passed
File created: 1/2/2024 In control: Town Council
On agenda: 10/15/2024 Final action: 10/15/2024
Title: Resolution Approving the Proposed 2025 Fiscal Year Operating Plan and Budget for the Miller's Landing Business Improvement District
Attachments: 1. Attachment A: Resolution, 2. Attachment B: Operating Plan and Proposed Budget, 3. Staff Presentation

To:                     Honorable Mayor and Members of Town Council

 

Through: David L. Corliss, Town Manager

 

From:                     Trish Muller, CPA, Finance Director

 

Title

Resolution Approving the Proposed 2025 Fiscal Year Operating Plan and Budget for the Miller’s Landing Business Improvement District

Body

________________________________________________________________________________

 

Executive Summary

 

Each year per 31-25-1211, C.R.S., business improvement districts shall file an operating plan and its proposed budget for the next fiscal year with the clerk of the municipality no later than September 30 of each year. The municipality shall approve or disapprove the operating plan and budget within thirty days after receipt, but no later than December 5.

 

In 2017, the Town approved a planned development and URA plan for Millers Landing revenue share back for 100% property tax and 60% sales tax in exchange for a first class hotel, mixed use office and retail and provide remediation of a 1970’s land fill.  The land fill has been remediated and no additional improvements have been implemented to date.

 

The Resolution (Attachment A) to approve the Miller’s Landing Business Improvement District 2024 Operating Plan and Budget (Attachment B)

 

Proposed Motion

 

“I move to approve the Resolution as introduced by title.”

 

Alternative Motions

 

“I move to approve the resolution as introduced by title, with the following conditions: (list conditions).”

 

 “I move to continue this item to the Town Council meeting on _____ date to allow additional time to (list information needed).”

 

Attachments

 

Attachment A:  Resolution

Attachment B:  Operating Plan and Proposed Budget