STEAMBOAT SPRINGS BID PROJECT
WHAT IS THE BID PROJECT ?
Steamboat Springs Downtown BID – What to Know
What is the BID?
A Business Improvement District (BID) is a private sector funding mechanism designed to improve the environment of a business district with enhanced services financed by a self-imposed and self-governed property assessment. Services (such as: snow removal, wayfinding and signage, marketing, holiday/tree lighting, marketing, parking management) are provided exclusively within the district, and do not replace existing City services. There are more than 1,000 BIDs currently operating across the U.S. and Canada. In Colorado they are a common tool in downtowns both large and small, including Denver, Boulder, Olde Town Arvada, Grand Junction, Durango, and Manitou Springs.
What services will the BID provide?
The Downtown BID will provide services as determined by its board of directors (made up of property and business owners). Initial services are likely to include maintenance such as litter pickup and snow removal, marketing, and advocacy. Services will also depend on your property location. The BID will consist of two different benefit zones (see map ________ to determine which zone your property is in). For the initial year, an annual operating budget of $300,000 is projected, divided amongst Zone A and Zone B as follows:
Services May Include:
Zone A Only (Premium Services)
Regular enhanced maintenance such as sidewalk snow removal, litter removal, sweeping, and power washing; physical improvements such as additional lighting, bike racks, and street furniture
Zones A & B (District-Wide Standard Services)
Marketing, advocacy, communications, and supplemental maintenance and spot-cleaning as needed
What will it cost me?
It depends on your property location. The chart below shows the rates for each benefit zone. All commercial properties in the BID (Zones A and B) will pay a mill levy based on assessed value. This accounts for “Standard Services” provided district-wide that may include marketing, advocacy and communications efforts, and as-needed supplemental maintenance. Non-residential properties in Zone A will pay an additional assessment based on linear street frontage for “Premium Services” which include enhanced maintenance and physical improvements that won’t be provided elsewhere in the district.
$0.222 per $100 of value
$10.29 per foot
$0.222 per $100 of value
Additionally, a hardship clause can be extended to non-profit organizations within the BID to seek a reduction or waiver of special assessments that would be legitimately burdened by not receiving the full benefit of the assessment (contingent on Board approval).
Who will manage the BID?
The BID will be governed by a board of property and business owners. Board members include: Chris Dillenbeck (owner of FM Light & Sons, Chrysalis and Moose Mountain), Pamela Pole (owner, Fringes Boutique), Paul Weese (realtor, representing Colorado Group Realty and Steve Goldman owner and CEO), Kim Haggerty (owner, Schmiggity’s, All That and the Aurum Building), and Clark Davidson (Esq CPA and owner, Steamboat Coffee House). It is anticipated that the BID will contract with Main Street Steamboat Springs – an existing non-profit – to provide day-to-day management and delivery of BID services. This arrangement will allow the BID to leverage resources, reduce administrative costs, and eliminate duplication of services. This management model is common in communities across the country which have BIDs.
Will the City reduce its existing services in Downtown?
No! The BID will not replace any pre-existing general City services. The City of Steamboat Springs has documented its base level of pre-BID services, and has agreed, through City Council Resolution, to continue to deliver these services. These equate to over $323,000 worth of annual services within the BID boundaries. Beyond services that the City will continue to provide, it has also committed the following contributions to the BID:
$47,000: A cash contribution to the BID for contracted services that the BID will take over
$45,000: The continuation of its annual contribution to Main Street Steamboat Springs
$33,000: The assessment amount for City-owned properties in the BID
Will the BID last forever?
The BID will have an initial term of 10 years. This will allow for property owners to evaluate the BID’s effectiveness at the end of the term. If deemed successful, the BID will request renewal by City Council. If not considered successful, the BID will sunset at the end of the initial 10-year term. Nationally, 99% of BIDs are renewed, demonstrating overall satisfaction from property owners.
Who decides if we fund the BID?
You do! The Downtown BID already exists – it was formed by petition in 2007 – however, it has twice failed to pass a vote to have it funded. A TABOR (Taxpayer’s Bill of Rights) election held by mail ballot is required to approve assessments within the district. A TABOR election is scheduled for November 2018 to allow property owners within the district to vote on funding the BID. Ballots will be mailed in October 2018. If the TABOR election is successful, the BID can begin operations in early 2019.
I already pay taxes. Why support the BID?
Supporting the Downtown BID enables the district to receive services above and beyond what the City can provide. The assessments collected go entirely to the district, with the sole focus of improving Downtown. The BID board of directors, made up of property and business owners in the district, will make budget decisions which ensures direct accountability for these enhanced services. Lastly, BIDs have a track record of success. There are studies that show BIDs have a positive effect on property values, sales, and occupants.
Additional questions? See the additional attachments below, or send an email to | 970-367-7060
To vote on the Steamboat Springs BID project you must:
Own Property the Downtown Steamboat area or conduct business in the Downtown Steamboat Area*
Be a registered voter in the state of Colorado
*If your Downtown Business is an LLC, partnership, SCorp, or trust, that entity must assign an elector to vote on behalf of your organization. All documents for such are available above, the designated election official can mail to Lisa Scudder at:
PO Box 774611
Steamboat Springs CO
Or can be dropped off at Sharp, Steinke, Sherman & Engal Attorneys at Law at 401 South Lincoln Avenue.
Click the thumbnails above to for documents of: Ballot Requests, Baseline Service Agreements, Designation of Electors, and Steamboat BID Operating plans. For forms to fill out, please download the documents, print them and mail/deliver them to the Main Street Office.
Downtown Steamboat Springs
BUSINESS IMPROVEMENT DISTRICT
OPERATING PLAN (FINAL DRAFT September 4, 2018)
Name: Steamboat Springs Downtown Business Improvement District (BID)
Legal Authority: A BID in Colorado is organized pursuant to the Business Improvement District Act, Section 31-25-1201 et seq., Colorado Revised Statutes.
BID Boundaries: The BID area generally encompasses the commercial properties on Lincoln Avenue, Oak Street, and Yampa Street, from 12th Street to 3rd Street. It also includes the five contiguous properties east of 3rd Street on either side of South Lincoln Avenue, bounded by Fish Creek Falls Road and Old Fish Creek Falls Road. The river-adjacent properties on the southern side of Yampa are included. Additionally, parcels on both sides of Oak Street are included up until the block on Oak between 9th and 10th, of which only the southern parcels are included. The parcels on Oak between 10th and 11th are included, but not those parcels between 11th to 12th. A map of the proposed district is attached to this document. Personal property is not included in the BID boundary.
City Services: BID services are designed to supplement existing city services that are currently provided along the Lincoln-Yampa-Oak downtown corridor. BID services are not meant to replace any existing city services. The BID and the City are working toward the creation of a Base Level of Services Agreement which outlines the frequency and type of current city services being provided within the BID.
Zone A (“Premium”): Parcels with Yampa and Lincoln Street frontage within the BID boundary, or with frontage on any side street located between Yampa and Lincoln streets.
Zone B (“Standard”): All of the parcels within the BID boundary, including parcels with Oak Street frontage that are not part of Zone A.
Work Program: The work program includes activities and priorities developed by business and property owners. The 2019 work program will be finalized by the BID board at its initial meetings and may be modified annually thereafter. Marketing and maintenance services will vary depending on the designated benefit zones within the BID.
Zone A (Premium) Only:
Enhanced Maintenance and Physical Improvements may include:
Snow removal from sidewalks
Litter picking and sweeping
Pan and broom services
Increased frequency of emptying and cleaning trash receptacles
Power washing sidewalks and walkways
Physical Improvements that may include:
Bike amenities (e.g. racks)
Alley clean-up and activation
District-Wide: Zone B
General Fund Enhanced Services and Improvements may include:
Marketing Improvements may include:
In tandem with but not duplicating efforts of the Steamboat Main Street organization, guide public relations to heighten awareness of retail, restaurants, services, and amenities in the downtown area.
Increase winter and shoulder season marketing efforts
Collaborative advertising and promotions aimed at both local customers and tourists
Support Steamboat Springs Main Street in event management and promotion.
Wayfinding and district identity signage
Other efforts as appropriate
Advocacy and Communications efforts may include:
Advocacy on behalf of BID stakeholders regarding relevant city-led planning and improvement efforts
Participation in developing parking management policies and infrastructure
Pursuit of grants and other funding to leverage BID assessments for projects and improvements
Effective advocacy for downtown interests, building upon relationships with the City, Colorado Department of Transportation, and other agencies and organizations.
Conduct periodic planning and/or feasibility studies to resolve downtown policy challenges and opportunities
Supplemental Enhanced Maintenance may include:
Maintenance services as needed throughout the district for “spot cleaning”, unique events or other needs.
Contingency for snow removal in extraordinary years.
Contingency for physical improvements.
Other needs as allowed under the BID statute and as determined by the BID board of directors.
Assessment Methodology/Budget: The BID will be funded by a combination of mill levy and special assessment. The mill levy, based on assessed property value, will be imposed on commercial real properties only. The special assessments – to be applied to all non-residential properties – will be based on linear feet of frontage.
The BID is expected to raise approximately $300,000 for its first year of operation. Proposed rates of assessment for the first year of operations are:
Zone A: Special Assessment of $10.29 per linear foot of frontage to support enhanced maintenance
Zone A & B: Mill levy of 2.22 mills to support general fund enhanced marketing, communications, advocacy and supplemental enhanced maintenance.
Additionally, a hardship clause can be extended to nonprofit organizations within the BID to seek a reduction or waiver of special assessments that would be legitimately burdened by not receiving the full benefit of a special assessment, contingent on Board approval of each individual case.
The BID board will propose an annual operating budget once the BID is formed.
Annual Assessment Adjustments: The mill levy revenue will be subject to limitations set by the Colorado Constitution (i.e. TABOR) and may be increased annually, as determined by the BID board of directors, by an amount not to exceed the rate of “inflation” and a factor of “local growth” as defined by TABOR. The special assessment may be adjusted annually, as determined by the BID board of directors, by an amount not to exceed a 10% increase in any one year.
BID Governance: The Steamboat Springs Downtown BID board will consist of seven members appointed by the city to allow for a diversity of property types, uses, and geography.
Program Management Structure: The BID will have its own board, work program and may have a staffing component. It is anticipated that the BID will contract with the Steamboat Main Street program, a Colorado non-profit organization, to deliver BID services. This arrangement is intended to leverage resources, reduce administrative costs and eliminate any duplication in service delivery.
Term: BIDs in Colorado may be perpetual. However, the Steamboat BID will have an initial ten-year term. This will allow for property owners to evaluate the BID’s effectiveness at the end of the term. If the BID is deemed successful, the BID will request that the City Council renew the BID by resolution after the initial period. If the BID is not considered to be successful, it will sunset at the end of the initial term.
Dissolution: Under Colorado law, the BID may be dissolved following a public hearing if property owners representing at least 50% of acreage within the BID and at least 50% of total assessed value within the BID submit petitions for dissolution to City Council. City Council also retains discretion to initiate dissolution proceedings if the BID fails to submit an operating plan and budget for two successive years to the City.
CONTACT STEAMBOAT SPRINGS BID PROJECT
141 9th St
Steamboat Springs, Routt County 80487