A resolution by the Council of the City and County of Denver, sitting ex officio as the Board of Directors of the RiNo Denver General Improvement District, approving a Work Plan, adopting a Budget, imposing Capital Charges and Maintenance Charges, approving a Mill Levy, and making appropriations for the 2018 Fiscal Year. Approves the 2018 Work Plan and Budget of the RiNo Denver General Improvement District in Council District 9. The Committee approved filing this resolution by consent on 11-7-17.
I police course one witness results. Tonight's ten eyes count about 1241 has passed. Congratulations OC Council is now convene as board of directors for the Reno Denver General Improvement District. Councilman Gilmore, please put Resolution 1242 on the floor. Thank you, Mr. President. I move the Resolution 1240 to be adopted. All right. It has been moved and. We have a second. Let's get a mover first. But it's not. Gilmore and Herndon. Oh, God. Okay, it's on there. Good. It's the second public hearing for 1242 is now open. Michael. And again, man, you are on a roll. Thank you. Thank you. Board members, Michael Kerrigan, again, Department of Finance. And before you tonight to give the staff report and request approval for the Reno Denver General Improvement District 2018 Annual Work Plan and Budget. The district is located northwest of downtown and includes residentially and commercially assessed properties around the Brighton Boulevard corridor. Generally. Generally, the JDI is centered on Brighton Boulevard, stretching from I-70 in the north to 29th Street on the south, bounded east by the Union Pacific Railroad line and to the west by the Burlington Northern Railroad Line. The guide supports infrastructure enhancements and maintenance in the Rhino area, including streetscape enhancements to Brighton Boulevard. City Council approved the formation of the Rhino Denver General Improvement District by ordinance number 309 Series 2015 and establish City Council as the ex-officio board of Directors of the District. The ordinance also created a district advisory board comprised of property owners within the district. The ordinance specified that the advisory board should subject to the approval of Board of directors, conduct and manage all affairs of the of all affairs of the District as the authorized agent for the Board of Directors. The District Advisory Board has created the 2018 Budget before you tonight. The Budget proposes overall expenditures of $787,954 and overall revenues of 770 $770,617. Of these revenues, the district will generate approximately $500,000 through the levy of four mills on real property for general operating purposes. It will also generate approximately $250,000 from the imposition of capital charges assessed on a lineal Fred on a lineal footage basis for properties adjacent to Brighton Boulevard for the repayment of $3 million of debt that were used to fund the capital enhancements along Brighton Boulevard. The city staff has reviewed the 2018 budget work plan and recommends it for approval. All right. Thank you, Mr. Carrion. We have one speaker tonight. Jim Local. You're up. Good evening, counsel. I'm Jamie Lythgoe. I serve as the manager of the Reno Denver General Improvement District. And I'm just here to answer any questions you have. Great. All right. Questions by members of council. Jamie, just one quick question that can just help remind the audience who is listening and council members when you all will start. You know, we know Brighton Boulevard is under construction, but 28th, the 40th will be complete soon. Will you all start the enhancements? So the enhancements will be put in starting in the spring. So there right now, actually this week, they're laying the 35th, the 38th section of the concrete roadway, which is a big step. They're getting a lot of the roadway done before the weather turns cold. They will work over the winter to finish the concrete improvements. And then in the spring, the trees and the plantings and the street lights and everything will go in. So it'll all be by the time summer warm weather gets here, it'll be complete. So you will be spending money from this year come this time spring or when you execute those contracts and things. So the way we did this partnership with the city is we issued $3 million worth of debt. We took out a $3 million loan last summer. It was completed in the end of June in 2016. We took out that debt and we wrote a check to the city for the 3 million, and they're managing that 3 million as part of the overall project. So they'll be expanding their accounting for it separately. But they they're actually contracted to put all those improvements in for us. So that will happen through their contract. And then there's a one year warranty period on the improvements and we start maintenance on them next year. So we've just been building up a reserve knowing that maintenance is coming and we need to be prepared. Which is a smart way to do it for coordination of a pretty complex project. All right. Thank you. Yeah. Any other questions by members of council? All right. The public hearing is closed. Four 1242 comments by members of council. I will just encourage members of council and even folks in the audience to go take a tour of what's going on on Brighton Boulevard. 100% transfer. Transformation of of Brighton. And I hope you've been on Brighton before. I'm sure many people have. But what's going on is going to be incredible and we're really doing some innovative things out there, so I'll be glad to get a chance to do this and please thank everybody on the board, advisory board for all their hard work. All right. It's been more than a second. Madam Secretary, roll call. Black Eye. Clark, I. Flynn, I. Gilmore, I. Herndon, I. Cashman Canete, Lopez Susman. I. Mr. President. I am pleased to announce the results tonight. Tonight, Resolution 1242 has passed. All Rights Council is now reconvene on Monday, December 18, 2017. Council will hold a required public hearing on Council Bill 1210 changes only to have classification for 3944 North High Street in Cole.