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 2017 Fiscal Year. Approves the 2017 Work Plan and Budget of the RiNo Denver General Improvement District in Council District 9. The Committee approved filing this resolution by consent on 11-10-16.
Ten Eyes. Resolution 1065 has passed. Congratulations. The Council is now convene as the board of Directors of the Rhino General Denver General Improvement District. Councilwoman Gilmore, will you please read the resolution? 1066 on the floor? Thank you, Mr. President. I move that resolution 1066 be adopted. All right. It has been moved. Waiting for a second. Thank you, Mary Beth Sussman. It has been moved. The second ever public hearing from Resolution 1066 is now open for his last staff report. Michael Kerrigan, please. Thank you, Councilman Brooks. Good evening, board members. Michael Carrigan again from the Department of Finance. I'm here before you tonight to request to have the staff report and request approval for the Reno Denver General Improvement District 2017 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, the guide is centered on Brighton Boulevard, stretching from I-70 in the north to 29th Street on the south and 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 neighborhood, including streetscape and streetscape enhancements to Brighton Boulevard. City Council approved the formation of the Rhino Denver Guide by Ordinance Number 309 Series 2015 and establish City Council as 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 A that the Advisory Board should subject to the approval of the Board of Directors, conduct and manage all affairs of the District as as the authorized agent for the Board of Directors. The District Advisory Board has created the 2017 board budget before you tonight. The Budget proposes overall expenditures of $621,824 and overall revenues of $631,824. Of these revenues, the district will generate approximately 332,000 through the levy of four mills on real property for general operating purposes. It will also generate approx. It will also generate $300,000 from the imposition of a capital charge assessed on a vinyl foot basis on properties adjacent to Brighton Boulevard for repayment of the $3 million in debt used to fund the capital enhancements along Brighton Boulevard. Jamie Lythgoe of Centro Inc, the manager for the district, is also here and available to answer questions. City staff has reviewed the 2017 Budget and Work Plan and recommends it for approval. Thank you. Thank you. Michael Carrigan. We have one speaker tonight, Jamie Legault. Good evening counsel I'm name is Jamie let and the executive director of the Reno Denver General Improvement District. And I'm happy to answer any questions or concerns you might have. Thank you. You can have a seat. This concludes our speakers. Are there any questions for members of council? Seeing the public hearing from council bill 1066 is close, seeing no comments. It's been moved and seconded. Madam Secretary, roll call. Oh. Councilman Espinosa. Yeah. You got to commit. I do. I just because I've watched the whole formation in my time on council of this Rhino Guide. I just wanted to thank those properties that are part of that and for sort of taking the rhino by the horn. I had to. And I'm happy to support this. Thank you. All right. Thank you, Councilman Espinosa. It's been moved a second. Madam Secretary. Raquel. Black eye, Clark. All right, Espinosa. Hi, Flynn. Hi. Gilmore. I Cashman. I knew Ortega. Sussman. Hi. Mr. President. I police close voting, announce the results. Lopez. Lopez. Now you can close the voting and announce the results. Lebanese 11 eyes. Resolution 166 has passed. Congratulations and congratulations to City Council for doing three public hearings at 12 minutes. The council has now reconvened. And Councilwoman Gilmore, will you please put Council Bill 906 on the floor?