A resolution by the Council of the City and County of Denver, sitting ex officio as the Board of Directors of the Denver 14th Street General Improvement District, approving a Work Plan, adopting a Budget, imposing Capital Charges and Maintenance Charges, and making appropriations for the 2018 Fiscal Year. Approves the 2018 Work Plan and Budget for the 14th Street General Improvement District (GID) in Council District 9. The Committee approved filing this resolution by consent on 11-7-17.
Ten eyes. I'm sorry. This toll for you. Tonight's counsel bill 1240 is passed. Congratulations. All right. We are now a city council convening as the board of directors for the Denver 14 Street General Improvement District. Councilman Gilmore, please put Resolution 1241 on the floor. Thank you, Mr. President, and move that Resolution 1241 be adopted. All right. It has been moved and seconded. Michael Carrigan. You're back up. Good evening once again. Board of Directors Michael Carrigan from Department of Finance, Special District Team. I am here to provide the staff report for the 14th Street General Improvement District and request approval for the 2018 budget. And we're planning approval and work plan. The district is located along 14th Street from Market to Colfax and generally includes all parcels along both sides of 14th Street. It was created by council and approved by the electors in response to the 14th Street Initiative to create Denver's downtown Ambassador Street. The initiative began in 2005 and visualized 14th Street as a promenade and a major gateway to the downtown area. The plan contemplate the plan contemplated streetscape improvements and related public infrastructure. Stakeholders included private property owners, public officials and business organizations participated to establish the conceptual design for 14th Street in 2009. The City Council approved the formation of the 14th Street Guide. The district was established to acquire finance, operate and maintain street improvements. The district's creation ordinance calls for the JD to at least annually pass a work plan and budget. The ordinance in 2009 create the J.D. and its companion ordinance created a district advisory board. The District Advisory Board. Also the District Advisory Board, after a notice and hearing, recommends that board of directors, the proposed work plan and budget, including maintenance charges and capital charges before you tonight. During 2018, the district plans to continue maintaining district amenities including but not eliminated, not limited to tree planter and flower pots, landscape maintenance, signage, repairs, trash removal and holiday light installation. The work plan, budget and charges includes total revenues of $565,759, which is comprised of $255,292 in maintenance charges and banner rental rental revenue plus $310,463 in capital charges for the repayment of debt used to finance the capital enhancements along 14th Street. City staff has reviewed the 2018 budget work plan and recommends it for approval. All right. Thank you, Mr. Carrion. We have one speaker for this public hearing, Beth Maskey. Good evening. I'm Beth Moisi, and I'm with Serve as the executive director for the Denver 14th Street General Improvement District. And I'm here to answer questions. All right. Thank you. You can have a seat. Members of council counts for questions. Councilwoman, can each. Thank you, Mr. President. This has been a dramatic transformation, and this street is just amazing to spend time on it compared to ten years ago. How much or does any of this budget include paying back some of those major infrastructure changes? Or is it more just the smaller things like the tree boxes and things that you mentioned that kind of complemented the actual curb gutter, you know, work that was was done. So the 14th Street Guide actually issued $4 million of bonds, which put the amenities on top of the major street improvements. So the city of Denver had gone in. Was the 2010. The Better Denver Bonds Program 2000 to. 2007 oh four The Better Team. Gets Better Denver Bond Program 2007 Before My Time Yeah so city Denver came in and put down the base enhancements and then the guy put the $4 million of of enhanced enhancements on top of those base improvements. So for the 2018 budget that's captured in the capital charges and it is $310,463 is being used to pay back the debt that they installed those improvements. All right. Thank you, Councilwoman Kinch. Any other questions? All right. Public hearing of 1241 is now closed. You know, to Councilwoman Keen interest point, I just wanted to say, I represent this district and this was one of the first project bond projects that I got a chance to work on from the better to offer bond. And it was very innovative because we charged different zones along 14th Street, the premium zone, and I mean really took that idea and went along with it on other areas of my district and it is transformed. It's incredible. And so I think we've done an incredible job there. And I want to thank everybody for being a part of it, because one could each. Yeah. I just wanted to say, I think it's looking great and I would like to just please share kudos with the advisory board folks who are still working on the management. It's you know, it's amazing. Thanks. Great. Okay. This concludes our comments. Madam Secretary. Raquel. Black. Hi. Clarke All right. Flynn, I. Gillmor, I. Herndon Cashman Canete Lopez. Sussman Hi, Mr. President. 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.