Attachment C - DDA Financial Details

Study Session, May 28, 2026 · item Study Session Items1: Downtown Development Authority (DDA) Formation Analysis and Recommendations Staff Time: 20 Min Council Time: 70 Min · 2 pages

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Boulder Downtown Development Authority — Projected Revenue & Implementation Capacity, 2027–2032 Illustrative six-year framework. Property TIF at 1% real growth. Sales tax TIF shown as lower (1% growth) / higher (city projections) range. Parking revenues segregated; restricted to parking and access-related purposes. Expenditures are illustrative; subject to annual board-approved budget. Notes / Funding Basis

Y1 2027

Y2 2028

Y3 2029

Y4 2030

Y5 2031

Y6 2032

6-Yr Total

$1,806,000

$1,896,000

$1,991,000

$2,091,000

$11,671,000

$3,096,000

SECTION 1 — DDA Revenue Projections Mill Levy Revenue (stable annual base; biennial reassessment growth) $491.4M base (2025); grows ~5% on Mill Levy (3.674 mills applied to DDA-wide reassessment years (even years) assessed value) Property Tax TIF (1% real growth) Real Property Tax TIF

50% of new investment increment

$144,000

$290,000

$438,000

$590,000

$740,000

$894,000

Personal Property Tax TIF

50% of new investment increment

$5,400

$10,900

$16,400

$22,000

$28,000

$33,800

$116,500

$149,400

$300,900

$454,400

$612,000

$768,000

$927,800

$3,212,500

Total Property TIF Sales Tax TIF (within DDA boundary) Sales Tax TIF — Lower (1% growth)

PUMA baseline projections

$165,272

$332,197

$500,791

$671,072

$843,055

$1,016,757

$3,529,144

Sales Tax TIF — Higher (city projection growth)

Based on April 2026 CU Projections

$538,530

$1,221,157

$1,698,371

$2,223,953

$2,686,573

$3,118,299

$11,486,883

Total TIF Revenue Total TIF — Lower Range

$314,672

$633,097

$955,191

$1,283,072

$1,611,055

$1,944,557

$6,741,644

Total TIF — Higher Range

$687,930

$1,522,057

$2,152,771

$2,835,953

$3,454,573

$4,046,099

$14,699,383

Total DDA Revenue (excl. GID Assets) TOTAL DDA REVENUE — Lower Range

$2,120,672

$2,529,097

$2,851,191

$3,274,072

$3,602,055

$4,035,557

$18,412,644

TOTAL DDA REVENUE — Higher Range

$2,493,930

$3,418,057

$4,048,771

$4,826,953

$5,445,573

$6,137,099

$26,370,383

GID Asset (CAGID + UHGID) Revenue Parking Revenue Sources Parking Fees & Charges

$6,784,689

$6,785,709

$6,786,749

$6,787,811

$6,788,893

$6,789,900

$40,723,751

Commercial Leases

$475,264

$2,851,584

Maintenance Agreements

$66,870

$401,220

Total GID Asset Revenue

$7,326,823

$7,327,843

$7,328,883

$7,329,945

$7,331,027

$7,332,034

$43,976,555

SECTION 2 — Illustrative Expenditure Framework Expenditures mapped to DDA implementation activities. Mill levy → operations & programming (pay-as-you-go). TIF → capital investment & incentives (bondable). Parking → parking system operations, capital, and related DDA investments (segregated). Actual allocations subject to annual board-approved budget and IGA requirements.

Mill Levy → Operations & Programming (pay-as-you-go; mill levy cannot be pledged for bonds in a Colorado DDA) in 1,000 Staffing, board support, financial management, consultant transition, IGA compliance, audit, financial reporting, predevelopment planning Storefront grants, technical assistance, Business Support & District Programming, Activation multilingual outreach, vacancy activation, seasonal programming, public art, & Events placemaking, district identity Enhanced cleaning & upkeep above city Supplemental Maintenance & Stewardship baseline service level

Administration & Organizational Capacity

Total Mill Levy Uses Mill Levy Annual Reserve / Carry

Available to supplement TIF in capitalconstrained early years

$600-850

$615-871

$630-893

$646-915

$662-938

$678-961

$3.83 - 5.43

$400-500

$410-512

$420-525

$430-538

$441-551

$452-565

$2.53 - 3.19

$200-300

$205-307

$210-315

$215-323

$220-331

$226-339

$1.28 - 1.92

$1200 - 1650

$1230 - 1690

$1260 - 1730

$1290 - 1780

$1320 - 1820

$1360 - 1870

$7660 - 1053

$156 - 606

$206 - 666

$163 - 636

$215 - 700

$171 - 668

$226 - 735

$1140 - 4011

TIF → Capital Investment & Incentives (property and sales tax TIF are bondable sources) Low range = 1% sales tax growth | High range = city projection growth. Expenditure ranges reflect what is deployable after maintaining adequate reserves for future bonding. TIF participation agreements allow DDA to commit future increment from a specific project back to that project to improve feasibility — available from formation without requiring accumulated revenues. Market studies, pro formas, site assessments on opportunity sites; consistent across $150,000 $175,000 $175,000 $150,000 $150,000 $150,000 $950,000 Pre-Development, Feasibility & Site Planning scenarios Co-fund city projects: Pearl St., Broadway Capital Co-Investment — Low Range $300,000 $500,000 $700,000 $800,000 $950,000 $3,250,000 corridor, Civic Area, public realm Larger co-investments unlocked by stronger Capital Co-Investment — High Range $300,000 $700,000 $1,000,000 $1,300,000 $1,500,000 $1,800,000 $6,600,000 TIF growth Storefront programs, gap financing, TIF Commercial & Redevelopment Incentives — Low $200,000 $350,000 $500,000 $650,000 $1,700,000 participation agreements with developers Range

Commercial & Redevelopment Incentives — High Range

Grows as TIF matures; larger rebate agreements become feasible

Total TIF Uses — Low Range Total TIF Uses — High Range

$400,000

$750,000

$1,100,000

$1,500,000

$1,800,000

$5,550,000

$150,000

$475,000

$875,000

$1,200,000

$1,450,000

$1,750,000

$5,900,000 $13,350,000

$500,000

$1,300,000

$1,950,000

$2,600,000

$3,200,000

$3,800,000

Annual TIF Reserve — Low Range

Retained to build bonding base over time

$164,672

$158,097

$80,191

$83,072

$161,055

$194,557

$841,644

Annual TIF Reserve — High Range

Larger reserve accelerates bonding readiness

$187,930

$222,057

$202,771

$235,953

$254,573

$246,099

$1,349,383

Parking System → Operations, Capital & Related DDA Investments (Segregated) Parking Operations — Administration Parking Operations — Routine Maintenance Total Parking Operations

$646,543

$659,474

$672,664

$686,117

$699,839

$717,335

$4,081,972

$2,279,919

$2,348,317

$2,418,767

$2,491,330

$2,566,069

$2,642,851

$14,747,253

$2,926,462

$3,007,791

$3,091,431

$3,177,447

$3,265,908

$3,360,186

$18,829,225

$6,050,000

$3,200,000

$600,000

$5,100,000

$5,000,000

$20,550,000

Total Parking Uses

$8,976,462

$6,207,791

$3,691,431

$3,777,447

$8,365,908

$8,360,186

$39,379,225

Annual Parking Net Position

($1,649,639)

$1,120,052

$3,637,452

$3,552,498

($1,034,881)

($1,028,152)

$4,597,330

Net Position + Fund Balance

$8,659,497

$7,009,858

$8,129,910

$11,767,362

$15,319,860

$14,284,979

$18,882,309

Garage Capital Investment Program

Asset reinvestment

SECTION 3 — Summary: Annual Position & Cumulative Capacity DDA Revenue & Uses Summary (excl. Parking) Total DDA Revenue — Low Range

$2,120,672

$2,529,097

$2,851,191

$3,274,072

$3,602,055

$4,035,557

$18,412,644

Total DDA Revenue — High Range

$2,493,930

$3,418,057

$4,048,771

$4,826,953

$5,445,573

$6,137,099

$26,370,383

Total DDA Uses — Low Range

$1,750,000

$2,175,000

$2,625,000

$3,040,000

$3,350,000

$3,775,000

$16,715,000

Total DDA Uses — High Range

$2,100,000

$3,000,000

$3,700,000

$4,440,000

$5,100,000

$5,825,000

$24,165,000

Annual Surplus — Low Range

$370,672

$354,097

$226,191

$234,072

$252,055

$260,557

$1,697,644

Annual Surplus — High Range

$393,930

$418,057

$348,771

$386,953

$345,573

$312,099

$2,205,383

$1,750,000

$3,925,000

$6,550,000

$9,590,000

$12,940,000

$16,715,000

$2,100,000

$5,100,000

$8,800,000

$13,240,000

$18,340,000

$24,165,000

Annual Surplus & Reserve Building

Cumulative Six-Year Investment Capacity Cumulative Revenue Deployed — Low Range

Total DDA investment in district over 6 years

Cumulative Revenue Deployed — High Range Parking System — Six-Year Summary

$7,326,823

$7,327,843

$7,328,883

$7,329,945

$7,331,027

$7,332,034

$43,976,555

$2,926,462

$3,007,791

$3,091,431

$3,177,447

$3,265,908

$3,360,186

$18,829,225

Total 6-Year Garage Capital

$6,050,000

$3,200,000

$600,000

$5,100,000

$5,000,000

$20,550,000

Net 6-Year Parking Position

($1,649,639)

$1,120,052

$3,637,452

$3,552,498

($1,034,881)

($1,028,152)

$4,597,330

Net Position + Fund Balance

$8,659,497

$7,009,858

$8,129,910

$11,767,362

$15,319,860

$14,284,979

$18,882,309

Total 6-Year Parking Revenue Total 6-Year Parking Operations

Includes fund balance as source of revenue

Sources: PUMA Preliminary TIF Projections (Feb. 2026); City of Boulder April 2026 Budget Forecast; CAGID Parking Fund 5-Year Analysis. Mill levy at 3.674 mills on $491.4M DDA assessed value (2025); grows on Colorado biennial reassessment cycle. All figures nominal dollars. Expenditures are illustrative and subject to annual DDA board budget approval and IGA requirements.