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GURA DT Revenue Cliff

GURA DT Revenue Cliff. 2015. $. Time. What to do?. OR. Purposes of Downtown Development Task Force. a) Evaluate the kinds of projects and programs currently underway downtown and make recommendations regarding whether and how they should be continued;

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GURA DT Revenue Cliff

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  1. GURA DT Revenue Cliff • 2015 $ Time

  2. What to do? OR

  3. Purposes of Downtown Development Task Force a) Evaluate the kinds of projects and programs currently underway downtown and make recommendations regarding whether and how they should be continued; b) Evaluate the sources and uses of funds that a DDA would make available, and make recommendations regarding them; c) Evaluate and make recommendations on the boundary and organizational structure of the DDA; and d) Communicate and promote the above to City Council, the citizens of Golden, and the potential electors of the DDA via public meetings, web-based discussions, and other means.

  4. Current GURA Programming

  5. Current GURA Downtown Services

  6. Current GURA Projects

  7. Past GURA Projects • Public Art • Welcome and Speed Signs • Baby Arch • Garage lighting retrofit • DDA • Lot 2 & 4 Redevelopment • Cinema • Recycling/Side Street Signage • East Downtown Urban Design Study • Foss Mural • USA Pro Challenge • Coors Video • Sidewalk Extension Pilot • Street Fair • Buy Local • Hot Zone • Loveland Gardens • Jackson Court • Gateway Station • Light Pole Banners • Central Neighborhood URA • West Colfax URA

  8. Current GURA Grants

  9. Prior GURA Grantees • Websites = 51 • Energy = 18 • General = 29 • Façade = 11 • Increment Agreements = 10

  10. Purposes of Downtown Development Task Force a) Evaluate the kinds of projects and programs currently underway downtown and make recommendations regarding whether and how they should be continued; b) Evaluate the sources and uses of funds that a DDA would make available, and make recommendations regarding them; c) Evaluate and make recommendations on the boundary and organizational structure of the DDA; and d) Communicate and promote the above to City Council, the citizens of Golden, and the potential electors of the DDA via public meetings, web-based discussions, and other means.

  11. Sources of Revenue • GURA • $600,000-$800,000 surplus • City of Golden • $200,000 GURA Property Tax Increment • $600,000 GURA Sales Tax Increment • DDA Property/Sales Tax Increment • Mill Levy up to 5% • Bonds

  12. Current GURA Revenue Sales Tax Property Tax

  13. City of Golden “Divergence” • 2015 Rev $ Exp Time

  14. Tax Increment Financing

  15. DDA Revenue Growth • 2015 GURA DT $ DDA Time

  16. Purposes of Downtown Development Task Force a) Evaluate the kinds of projects and programs currently underway downtown and make recommendations regarding whether and how they should be continued; b) Evaluate the sources and uses of funds that a DDA would make available, and make recommendations regarding them; c) Evaluate and make recommendations on the boundary and organizational structure of the DDA; and d) Communicate and promote the above to City Council, the citizens of Golden, and the potential electors of the DDA via public meetings, web-based discussions, and other means.

  17. Purposes of Downtown Development Task Force a) Evaluate the kinds of projects and programs currently underway downtown and make recommendations regarding whether and how they should be continued; b) Evaluate the sources and uses of funds that a DDA would make available, and make recommendations regarding them; c) Evaluate and make recommendations on the boundary and organizational structure of the DDA; and d) Communicate and promote the above to City Council, the citizens of Golden, and the potential electors of the DDA via public meetings, web-based discussions, and other means.

  18. Schedule • 0ct 2012 – Jan 2013 • Document review • Analysis • Scoping • Financials • Boundary • Outreach plan

  19. Schedule • Feb 2013 – July 2013 • Meet JeffCo and other taxing entities • Peer-to-Peer meetings • Public meetings • Draft ordinances • Public hearings • August 2013 – November 2013 CAMPAIGN CAMPAIGN CAMPAIGN !!!!

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