Finance and Business

Tuesday, October 27, 2026, 10:30 a.m. (Denver time), City & County Building, room 391

Video of the meeting

On the agenda

Documents

Summary

The Finance and Business Committee, chaired by Council Member Chris Hinds, held a block vote on 19 items covering the 2027 plans and budgets for Denver's general improvement districts (GIDs), business improvement districts (BIDs), and the tourism improvement district, which moved forward to full council with final votes scheduled for November 16th. The committee also approved a Denver Downtown Development Authority (DDA) development project funding agreement for the Park Hotel at 1514-17 17th Street, a project converting a historic 1882 building into 50 affordable senior housing units with a DDA loan of up to $6 million. The meeting concluded with a briefing from the Department of Economic Development and Opportunity and DOTI on the Business Opportunity Fund, which provides stabilization grants and technical assistance to businesses affected by construction; council members discussed funding challenges now that federal sources are exhausted and previewed proposals to codify and sustainably fund the program.

Transcript

0:00 programs in the summer. Here

0:02 are some of my favorites. So

0:03 much fun watching them. Learn

0:05 watching them, solve these

0:06 problems, having those moments

0:07 of discovery, it's so

0:09 rewarding to be a part of that

0:12 experience. The other 20% is

0:13 law enforcement emergency

0:14 response alongside the other

0:15 Rangers that we have here. I

0:16 was actually just getting

0:18 ready to go on patrol. Would

0:20 you like to come with me? Yes,

0:21 of course. That's and so fun.

0:23 Thanks a lot

0:36 Kind of beautiful trail. Tell

0:37 us some of the wildlife that

0:38 we might see out here. Bear

0:41 Creek Lake Park. Yeah. So this

0:43 spot in particular and in the

0:44 evenings, we usually hear

0:45 coyotes out here. There is a

0:47 dead nearby. We also usually

0:51 see deer out here as well. Man

0:51 hanging out along the creek.

0:52 There is a huge diversity of

0:54 birds species that we have

0:55 here. Great blue herons. You

0:57 never know what you're going

0:57 to see out here. There's so

1:00 much to discover. Think the

1:01 biggest lesson that I try to

1:03 teach is instilling respect

1:06 for the outdoors, whether it

1:07 be respect for the risks, the

1:10 space that you're in or

1:11 respect for the wildlife. It's

1:13 really important to understand

1:16 that we are all part of this

1:17 ecosystem alongside the

1:18 animals and things can only

1:19 continue to thrive we respect

1:23 each other. So being a park

1:24 ranger seems like an absolute

1:25 dream job. I mean, imagine

1:27 this being your office view,

1:29 but I also imagine that a lot

1:30 of heartbreak goes into

1:31 becoming a park Ranger. Can

1:33 you tell us a little bit about

1:35 the training? Yeah. So here at

1:36 the city of Lakewood, all of

1:38 the park Rangers are required

1:39 hold at minimum a bachelor's

1:42 degree in a related field. So

1:43 I studied wildlife biology

1:45 alongside that. There's a ton

1:47 of training that we receive

1:48 on-the-job. All of the park

1:49 Rangers hold our red card,

1:50 meaning that there will wear

1:51 wildland firefighters us. We

1:54 can work alongside West Metro

1:54 and queso wildfire here on

1:56 Green Mountain or in any of

1:58 our parks. We also are all

1:59 emergency medical responders,

2:01 meaning that we can provide a

2:03 pretty high level of first aid

2:05 and stabilizing care in our

2:06 parks until an ambulance is

2:08 able to show up. Very cool of

2:09 all. Thank you so much, grace

2:11 for having me. I've learned so

2:12 much today. And I mean, it

2:13 goes without saying that you

2:14 are one of our unsung heroes.

2:17 All of our park rangers are

2:18 unsung heroes. You're out

2:19 here, protecting our

2:20 environment and protecting our

2:21 community. So thank you so

2:22 much for everything that you

2:22 do that. Thanks for joining me

2:24 today.

2:33 There's so much to discover at

2:35 Bear Creek Lake Park. I'm

2:36 going to give an extra special

2:37 shout-out to Grayson all the

2:38 amazing Park Rangers to help

2:39 maintain our open spaces. If

2:41 you want to learn more about

2:42 programming and education

2:43 opportunities at Bear Creek

2:44 Lake Park, you can call the

2:45 visitor center or visit Lake

2:46 with Dot Org. Slash Bear Creek

2:49 Lake Park. Next time. Thanks

2:51 again to smooth out pack

2:52 experience in Jefferson County

2:53 for having us out. These guys.

2:57 They are awesome. We hope that

2:57 you get to enjoy an animal

3:00 experience near you. We'll see

3:02 you next time on connected,

3:05 Colorado

3:23 I'm the director of shelter

3:23 services help oversee our

3:26 young adults, shelter, minor

3:27 shelter our neighborhood, that

3:29 spaces as well. I worked at

3:30 the old shelter building and

3:31 the difference between our new

3:32 building that is intentionally

3:34 designed for a population.

3:35 First, the old building I can

3:37 see the impact that it's had

3:39 day-to-day with just how are

3:40 you, sir, able to manage their

3:41 lives and our staff are able

3:43 to support them in this new

3:44 space? Really trying to help

3:46 with in terms of supporting

3:47 youth at this stage is so they

3:48 don't end up chronically

3:50 homeless as adults. And so we

3:51 really feel like building help

3:54 support us with our prevention

3:56 model assisting us in becoming

3:58 independent self-sufficient a

3:59 building like the mothership

4:00 shows the power of community

4:01 investment because without

4:03 that peak the amazing services

4:05 that we've been able to

4:08 provide just overall sense

4:09 value and worth and they come

4:11 in here is game-changing

4:13 without the rise. Denver go

4:14 bond initiatives. Beautiful

4:15 building would not have been

4:17 possible. And we're just so

4:17 thankful to the community to

4:21 be able invest in our use.

4:35 I love hitting the slopes in

4:36 Colorado. We're all about the

4:38 outdoor life. But sometimes

4:40 injuries happened. Whether

4:40 it's painting your shoulder

4:42 elbow, hip or at Denver

4:45 Health. We love comeback. Turn

4:47 to the Know Colorado's active

4:50 lifestyle because they love

4:51 it, too. Make an appointment

4:52 with our sports medicine team

4:54 at the Denver Health

4:56 Orthopedic Center of

5:00 Excellence Call 720-973-3678,

5:00 today will go to Denver,

5:03 Health Dot org slash sports.

5:38 It's time for this biweekly

5:39 meeting of the finance and

5:40 Business Committee of Denver

5:47 City Council. Join us for the

5:50 finance and business

5:53 Committee. Starting now

6:10 Warning that good morning it

6:14 is OCTOBER 27th 2026 when he

6:14 was Chris Heinz, the Servant

6:15 of City Council representing

6:16 District 10, their first

6:17 perfect 10. We have to action

6:22 items are briefing 5, consent

6:25 items before we get into the

6:26 action items. Let's start with

6:28 that introduction. Ys,

6:28 starting with distinguished

6:33 gentleman to my right. Had

6:36 distinguish not certify it.

6:37 Good morning, everyone, Senate

6:40 and is also tennis at large.

6:41 Good morning. Paul Kashmann

6:42 South and District 6. Does

6:43 make you district 7. Good

6:44 morning, Carol. Watson, Fine

6:49 District 9. We don't have

6:52 anyone zoom yet. But someone

6:54 shows up, then I'll introduce

6:57 them. The conversation action

7:00 items actually a block vote of

7:03 19 items about kids, kids,

7:06 kids Paul. So Department of

7:09 Finance, will not use the

7:10 acronyms that I just it's a

7:11 business where MISTER Sharon

7:11 from a district centrism

7:13 confirma districts. If I you

7:15 introduce yourself and take it

7:22 away. Of course. Good Morning

7:23 Council. My name is dense with

7:23 Jack, analyst on the Capital

7:24 management financing team. The

7:27 part finance like just

7:28 mentioned, I'm here to give

7:30 the annual presentation on the

7:31 2027 plans and budgets for the

7:33 various general improvement

7:35 districts, business

7:35 improvement districts and

7:36 tourism improvement district

7:39 across city and county of

7:42 Denver like like he mentioned

7:43 already, there are 19 item

7:44 somewhat trying to through

7:46 this presentation as quickly

7:47 as I can, let material to

7:47 cover. But I'm going to try

7:48 and save some time at the end

7:51 for q and a so if there's

7:53 something that I don't

7:54 specifically address initial

7:55 run through, feel free to flag

7:57 that we can circle back to

7:58 more discussion of

8:02 Additionally, happy to for If

8:03 you'd like to go into more

8:04 detail. But anytime between

8:05 now and the council actions

8:09 later in NOVEMBER. So for the

8:11 let's start off with a very

8:13 high discussion of the request

8:15 of council actions and what we

8:16 are ultimately here review and

8:19 approve some to to move

8:21 forward today that I will

8:22 start discussing just

8:23 districts at general level

8:24 just to refresh your memory on

8:27 how they work and then pivot

8:29 over to my interview process.

8:29 Just to discuss what I look

8:33 at, what I collect. And then

8:33 they'll spend the significant

8:34 portion of the time going over

8:35 the budgets themselves and

8:36 eventually before opening up

8:39 for the q and a thank you. My

8:40 time are going just keep an

8:46 eye on my time. We are here to

8:47 approve that. Review and

8:48 approve the 12 plans and 19

8:50 times in total 12 plans and

8:53 budgets for the Toby id's.

8:54 Work plans and budgets. The 60

8:55 id's in the annual plan for

8:59 the 2 I d I do have here

9:02 summary slide of the specific

9:03 items. You want that for your

9:04 reference by Mike has been a

9:06 lot. I'm gonna of right now.

9:10 And so shifting over to just

9:10 the again. This is refresher

9:11 on how these districts work.

9:13 So the business improvement

9:14 districts in the general

9:14 improvement districts they

9:15 fall under title. 31 of state

9:20 statute. So a lot of state law

9:22 governs dictates a how these

9:23 districts operate many ways.

9:27 And so just want establish

9:27 that before we go into and

9:28 then that he ad falls within

9:29 Denver, chartered Denver,

9:32 revise municipal code. So a

9:33 slightly different set of

9:34 rules for how that operates

9:35 relative to the total 31

9:39 districts so sure I have a

9:42 summary table of some of the

9:43 District Cross City. We're not

9:43 discussing Metro district say

9:44 someone skip over that one g

9:49 id's. They cover primarily

9:50 public infrastructure

9:51 maintenance for both

9:52 commercial and residential

9:53 property. The City Council

9:54 serves as the board of

9:56 directors for the Jennie-o. As

9:58 you MAY recall in this week,

9:59 coming up in a few weeks when

10:01 when time comes to hold public

10:02 hearings, City council gave a

10:03 lot of city council gavel in

10:04 as the board of directors for

10:07 the g 80's. They do have a

10:08 district advisory board. That

10:10 man just let the day-to-day

10:11 operations and decisions. But

10:12 when it comes to the formal

10:13 approval process, City Council

10:15 serves as the board directors,

10:17 the id's, those focused

10:19 primarily on economic

10:20 development and marketing.

10:24 They can do some maintenance

10:24 type type But the main focus

10:25 is typically economic

10:27 development, marketing and

10:29 those cover commercial

10:30 properties exclusively. And

10:32 then lastly, we have that he

10:36 ad temp district that focuses

10:37 primarily promoting tourism

10:41 incentives for for attract

10:41 economic development

10:44 tourism and related services

10:45 in that that revenue in a

10:48 speech. This little more later

10:48 is generated by the one

10:49 percent lodging feet lodgers

10:53 tax on hotels for with more

10:55 than 50 beds across county

10:56 since the primary revenue

10:56 source there and they have

10:59 their own what directors?

11:00 Here's the here's a map of the

11:04 Judy's in the city. Over the

11:06 last 2 years or so, we've had

11:07 to nuances Ballpark. Denver

11:10 was approved in late 2024. Was

11:11 his first year operations in

11:13 2025 and then Broadway. Denver

11:15 jt was approved in late 2025

11:15 he's having and is having

11:17 their first year operations

11:19 this year. So then there's

11:20 just a map just to familiarize

11:22 yourself with the relative

11:23 locations across the And then

11:25 here's a map of the be 80's

11:26 across the city. No, no

11:27 changes here in the few in the

11:29 last several years. But just

11:29 want to try them the slide

11:30 deck in case you want to

11:31 familiarize yourself with

11:37 their locations. So my annual

11:38 review process, I request of

11:39 the of the threat information

11:41 from the district's requested

11:44 budget worker operating plans.

11:45 Other estimate year-end

11:46 financial results, the status

11:49 of an existing debts more

11:52 plans for future the results

11:52 of any audits, if a clickable

11:53 and then other general

11:56 informational items that MAY

11:57 maybe a presentation provides

11:59 some additional it narrative

12:00 for. Well, why there MAY have

12:01 been material changes from one

12:04 year to the next cetera. The

12:06 all this information is due

12:07 and SEPTEMBER 30th. So I have

12:11 just a few weeks to put all

12:14 this together analyze it. So I

12:15 I do. Was the budgets for 26

12:16 and the projected budget for

12:19 2027. I look at 2025 actuals

12:21 and their audience if

12:23 applicable and then also

12:23 review whether they have dead

12:24 already or plan coming in the

12:28 future. And Leslie City

12:28 Council, your role here is

12:31 just to vote on the punch, the

12:32 budgets and plans as required

12:34 by state statute for the or as

12:35 required by the creation

12:36 ordinances for the Judds and

12:40 that he it. So my analysis

12:42 focuses primarily whether we

12:43 are amending the 2026 budget

12:46 and then the project in 2027

12:48 budgets. So with that in mind,

12:49 I'm going to jump into my g id

12:53 review. So familiarize

12:55 yourself with these tables.

12:56 There is a lot of information

12:57 on here ultimately the way of

12:58 set this up is the first

13:00 column shows the original

13:02 revenues from the 2026 budgets

13:02 that were submitted at this

13:05 time last year. And the

13:06 percent change from the

13:07 previous year's 2025. Amended

13:09 budgets. And then the next

13:11 come over. Should the 2026

13:12 amended revenues which shows

13:13 the change from what they

13:14 submitted last year to what

13:18 they're ending 4 for 2026. And

13:19 then that shows the percent

13:22 change from the initial many

13:23 states. But next to come

13:24 Russia, the same data just in

13:26 the context of expenditures.

13:30 So is this is meant to sort of

13:30 way to sort of see how things

13:32 have changed over time. And

13:33 then the very and I have

13:35 whether they conducted an

13:37 audit. So mentioned that now

13:40 audits are not required for

13:41 districts whose budgets are.

13:43 These are state these designs

13:44 or submit to the state is 12

13:45 to but on its own, not

13:46 required for districts that

13:50 have budgets below 200,000. If

13:51 they have budgets between

13:52 200,000 and a million, they

13:54 can seek an exemption from

13:55 Dolan. The state and budgets

13:57 are over a million. They have

13:57 to have an audit. So you'll

13:59 see the designation there that

14:01 I put. Not applicable or

14:03 exempt based defendant's

14:08 status. So without further

14:09 ado, I'm going start going

14:09 repping for this information.

14:11 If I just keep over anything,

14:12 it's mostly because they're in

14:15 material, relatively small

14:16 variances, but nothing really

14:18 worth highlighting. So again,