Attachment E - Proposed Ordinance 8763

Special Meeting, July 23, 2026 · item 2D: 1. Introduction, first reading, and consideration of a motion to order published by title only Ordinance 8758 submitting to the electors of … · 24 pages

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ORDINANCE 8763

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AN ORDINANCE (1) DETERMINING THE NECESSITY OF ESTABLISHING THE BOULDER DOWNTOWN DEVELOPMENT AUTHORITY, AND (2) SUBMITTING TO THE QUALIFIED ELECTORS OF THE PROPOSED BOULDER DOWNTOWN DEVELOPMENT AUTHORITY AT THE REGULAR MUNICIPAL COORDINATED ELECTION TO BE HELD ON TUESDAY NOVEMBER 3, 2026, THE QUESTION CONCERNING THE FORMATION OF THE BOULDER DOWNTOWN DEVELOPMENT AUTHORITY AND A BALLOT ISSUE TO WAIVE APPLICABLE REVENUE AND SPENDING LIMITS IN THE CITY OF BOULDER, COLORADO, DECLARING THE NECESSITY FOR AN ELECTION ON NOVEMBER 3, 2026, CONCERNING THE FORMATION OF SUCH AUTHORITY PURSUANT TO COLO. CONST. ART. X, SEC. 20 AND STATUTORY REVENUE LIMITATIONS FOR SUCH AUTHORITY, ALLOWING THE CITY TO PLEDGE TAX INCREMENT FUNDS ON BEHALF OF THE BOULDER DOWNTOWN DEVELOPMENT AUTHORITY, DETERMINING ORGANIZATIONAL ASPECTS OF THE BOULDER DOWNTOWN DEVELOPMENT AUTHORITY BOARD; SPECIFYING THE FORM OF THE BALLOT AND OTHER ELECTION PROCEDURES; AND SETTING FORTH RELATED DETAILS

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BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF BOULDER, COLORADO: Section 1.

A regular municipal coordinated election is called to be held on Tuesday

November 3, 2026. Section 2.

At that election, a question shall be submitted to the Qualified Electors (as

defined in § 31-25-802(9), C.R.S.) of the proposed Boulder Downtown Development Authority

that will allow voters to consider the creation and organization of a downtown development

authority.

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Section 3.

Organization. Pursuant to Part 8 of Article 25 of Title 31, C.R.S. (the

“Downtown Development Authority Act” or “Act”) and the city charter, as applicable, there shall

be submitted to the qualified electors (defined in the Act as a resident, a landowner or a lessee, but

any landowner or lessee which is not a natural person may vote only if it designates by some

official action a representative thereof to cast its ballot) of the area hereinafter described. The

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official ballot shall contain the following ballot title, which shall also be the designation and submission clause for the measure:

Ballot Question No. ___

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Organization of a Downtown Development Authority

Shall the Boulder Downtown Development Authority be organized pursuant to Part 8 of Article 25 of Title 31, Colorado Revised Statutes, to exercise all powers authorized therein and in any approved plan of development within the boundaries of the Boulder Downtown Development Authority described in Ordinance 8763 approved by the City Council of the City of Boulder on August 6, 2026?

For the measure ____

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Against the measure____

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Section 4.

Findings. As the governing body of the city, the City Council hereby

determines that it is necessary to establish the Boulder Downtown Development Authority for the

public health, safety, prosperity, security, and welfare, and to carry out the purposes of an authority

as stated in Section 31-25-801, C.R.S., which Authority will promote the public health, safety,

prosperity, security, and general welfare in order to halt or prevent deterioration of property values

or structures within the downtown; will halt or prevent the growth of blighted areas within the

downtown; will assist in the development, and redevelopment of this district and in the overall

planning to restore and provide for the continuance of the health of the downtown; and will be of

special benefit to the properties within the boundaries of the Authority.

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Section 5.

Declaration. The Authority is hereby declared organized, subject to

approval of the electors of the Authority voting for or against the ballot issue set forth in Section

3 of this Ordinance by a majority of the votes cast for the ballot issue at an election to be held on

Tuesday November 3, 2026, as provided in Part 8 of Article 25 of Title 31, C.R.S.

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Section 6.

Status. Upon approval as provided in Section 3, the Authority shall be a

body corporate and a political subdivision with all the purposes and powers now or hereafter authorized by Part 8 of Article 25 of Title 31, C.R.S., except or as specifically limited in any plan of development approved by the City Council, and all additional and supplemental powers necessary or convenient to carry out and effectuate the purposes and provisions of said Part 8 and such other powers and authority as provided by law. Section 7.

The boundaries of the Authority shall be as shown on the map attached

hereto as Exhibit A, and as legally described in the legal description attached hereto as Exhibit B, which exhibits are incorporated herein by this reference. Section 8.

TABOR. Pursuant to the Act and the City Charter, as applicable, there shall

be submitted to the qualified electors (as that term is defined in the Act) of the area heretofore

described at the election on Tuesday November 3, 2026, in the city. The official ballot shall contain

the following ballot title, which shall also be the designation and submission clause for the issue:

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Ballot Issue ___

Authorize Downtown Development Authority to Collect, Retain and Expend Revenues

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WITHOUT INCREASING ANY LOCAL TAX RATE OR IMPOSING ANY NEW TAX, SHALL THE BOULDER DOWNTOWN DEVELOPMENT AUTHORITY (THE “AUTHORITY”), OR THE CITY OF BOULDER (THE “CITY”) ON BEHALF OF AND FOR USE BY THE AUTHORITY, AND AS A VOTER-APPROVED REVENUE CHANGE, BE AUTHORIZED TO COLLECT, RETAIN, AND EXPEND THE FULL AMOUNT OF REVENUES RECEIVED BY THE AUTHORITY OR BY THE CITY ON BEHALF OF AND FOR USE BY THE AUTHORITY IN 2027 AND EACH YEAR THEREAFTER, INCLUDING, WITHOUT LIMITATION, TAX REVENUES, FEES, RATES, TOLLS, CHARGES, GRANTS, RENTS, LOANS, CONTRIBUTIONS, REVENUES AS DESCRIBED IN SECTION 31-25-807(3), C.R.S., AND ANY OTHER REVENUES, WITHOUT REGARD TO ANY EXPENDITURE, REVENUE-RAISING, OR OTHER LIMITATION INCLUDING THOSE CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION, THE LIMITS IMPOSED ON INCREASES IN PROPERTY TAXATION BY SECTION 29-1-301, C.R.S., OR ANY OTHER LAW WHICH PURPORTS TO LIMIT THE AUTHORITY’S OR CITY’S REVENUES OR EXPENDITURES AS IT CURRENTLY EXISTS OR AS IT MAY BE AMENDED IN THE FUTURE, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED, AND EXPENDED BY THE AUTHORITY AND THE CITY ON BEHALF OF THE AUTHORITY; AND SHALL THE AUTHORITY AND THE CITY ON BEHALF OF AND FOR USE BY THE AUTHORITY BE AUTHORIZED TO ISSUE OR INCUR BONDS, LOANS, ADVANCES OR INDEBTEDNESS, WHETHER FUNDED, REFUNDED, ASSUMED, OR OTHERWISE, FOR FINANCING OR REFINANCING, IN WHOLE OR IN PART, DEVELOPMENT PROJECTS WITHIN THE BOUNDARIES OF THE AUTHORITY’S PLAN OF DEVELOPMENT AREA AND TO IRREVOCABLY PLEDGE THE REVENUES AND THE SPECIAL FUND OF THE CITY DESCRIBED IN SECTION 31-25-807(3), C.R.S., FOR THE PAYMENT OF THE PRINCIPAL OF, THE INTEREST ON, AND ANY PREMIUMS DUE IN CONNECTION WITH SUCH BONDS, LOANS, ADVANCES, OR INDEBTEDNESS? YES/FOR ____

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NO/AGAINST ____

Section 9.

Taxes. Pursuant to the Act and the city charter, as applicable, there shall be

submitted to the qualified electors (as that term is defined herein) of the area heretofore described

at the election on Tuesday November 3, 2026, in the city. The official ballot shall contain the

following ballot title, which shall also be the designation and submission clause for the issue:

Ballot Issue ___

Authorize Downtown Development Authority Taxes

SHALL THE CITY OF BOULDER (THE “CITY”) TAXES BE INCREASED $2,000,000 IN THE FIRST FISCAL YEAR (2027) AND ANNUALLY THEREAFTER IN SUCH AMOUNTS AS ARE RECEIVED EACH YEAR BY THE IMPOSITION OF AN AD VALOREM PROPERTY TAX MILL LEVY OF NOT MORE THAN 3.674 MILLS UPON TAXABLE REAL AND PERSONAL PROPERTY WITHIN THE BOUNDARIES OF THE PROPOSED BOULDER DOWNTOWN DEVELOPMENT AUTHORITY (THE “AUTHORITY”) FOR THE PURPOSES SET FORTH IN PART 8 OF ARTICLE 25 OF TITLE 31, C.R.S., PROVIDED CITY COUNCIL SHALL ONLY BE AUTHORIZED TO LEVY UP TO 3.674 MILLS IF THE CENTRAL AREA GENERAL IMPROVEMENT DISTRICT AND THE UNIVERSITY HILL GENERAL IMPROVEMENT DISTRICT REDUCED THEIR MILL LEVIES TO 0.00 MILLS OR ONLY SUBSEQUENT TO THE DISSOLUTION OF BOTH THE CENTRAL AREA GENERAL IMPROVEMENT DISTRICT AND THE UNIVERSITY HILL GENERAL IMPROVEMENT DISTRICT IN THE CITY; AND SHALL THE CITY AND THE AUTHORITY BE AUTHORIZED TO COLLECT, RETAIN AND EXPEND THE REVENUES COLLECTED FROM SUCH TOTAL PROPERTY TAX RATE, AND INVESTMENT INCOME THEREON, AS A VOTER-APPROVED REVENUE CHANGE?

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YES/FOR ____ Section 10.

NO/AGAINST ____

Coordinated Mail Ballot Election. The election shall be conducted on

Tuesday November 3, 2026, as a mail ballot election, coordinated with Boulder County, in

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accordance with Article 10 of Title 31, C.R.S. (the “Colorado Municipal Election Code of 1965”) and the laws of Colorado, except as otherwise provided in the city charter or ordinances of the city, all as impliedly modified by relevant judicial decision, including without limitation all acts

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required or permitted thereby with respect to voting by early voters’ ballots, absentee ballots, and

emergency absentee ballots.

Section 11.

Designated Election Official. The City Council appoints the city clerk, or

the city clerk’s designee, as the designated election official (the “Designated Election Official”)

for all matters except as otherwise provided for by ordinances of the city or by agreement with

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Boulder County. Section 12.

Conduct of Election. The Designated Election Official, and other city

officials and employees, are hereby authorized and directed to take all actions necessary or appropriate to effectuate the provisions of this Ordinance. To the extent applicable and as may be necessary, the City Council authorizes the city clerk, and the Designated Election Official if a different individual, to enter into and carry out the terms of agreements with third parties and intergovernmental agreements with Boulder County, as required by state statute, describing the

allocation of responsibility among the County Clerk, the city, and other political subdivisions in

Boulder County for the preparation and the conduct of a coordinated election and the provision for

reasonable sharing of the cost of the election among Boulder County, the city, and other political

subdivisions participating in coordinated elections with Boulder County.

Section 13.

Organization of Authority. The submission of the foregoing question and

issues to the qualified electors is authorized by Part 8 of Article 25, Title 31, C.R.S., Article X,

Section 20 of the Colorado Constitution, Sections 29-1-301 and 29-1-302, C.R.S., the City of

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Bouler Home Rule Charter and the Code of Ordinances of the City of Boulder, Colorado. In accordance with Section 31-25-804(1), C.R.S., if a majority of votes cast at the election are in favor of the ballot issue regarding organization of the Authority set forth above, then the Authority shall be organized and the city clerk shall cause this Ordinance, declaring the Authority organized,

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to be recorded at the expense of the City in the real property records of the Clerk and Recorder of

Boulder County, Colorado.

Section 14.

Plan of Development. If authorized in a plan of development approved by

the City Council, the Authority or the city on behalf of and for use by the Authority, and as a voter-

approved revenue change, is authorized to collect and retain, and spend, in the year established in

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the plan of development, and in all subsequent years thereafter, whatever amount is collected annually from any revenue sources including, but not limited to, taxes received as described in Sections 31-25-807(3), 31-25-816, and 31-25-817, C.R.S., and fees, rates, tolls, rents, charges, grants, contributions, loans, income, or other revenues imposed, collected, or authorized as described in Section 31-25-808, C.R.S., or otherwise, by law to be imposed or collected by the Authority or by the city on behalf of and for use by the Authority consistent with the applicable plan of development, and such revenues shall be collected and spent without regard to any

spending, revenue-raising, or other limitation contained within Article X, Section 20 of the

Colorado Constitution, or any other law and without limiting in any year the amount of other

revenues that may be collected and spent by the Authority and the city on behalf of the Authority.

The Board of the Authority may from time to time adopt and amend one or more plans of

development which, upon approval of the City Council, provide for tax increment financing from

property tax and sales tax, or both, as authorized by Section 31-25-807(3), C.R.S. This Ordinance

shall not be construed to prevent the creation of new urban renewal areas subject to tax increment

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financing under the Colorado Urban Renewal Law after the effective date of this Ordinance within or overlapping the boundaries of the Authority. Section 15.

Operations. The operations of the Authority may be funded from any of the

following:

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Donations to the Authority for the performance of its functions;

Moneys borrowed and to be repaid from other funds received under the authority of the Downtown Development Authority Act;

Tax increment funds as defined in Section 31-25-807(3), C.R.S., if a plan of development is adopted which provides for such tax increment funding;

Fees, rates, tolls, rents, charges, grants, contributions, loans, income or other revenues imposed, collected or authorized by law to be imposed or collected by the Authority or by the City on behalf of and for use by the Authority pursuant to an approved plan of development;

Proceeds of an ad valorem tax of up to five (5) mills on the valuation for assessment of property within the boundaries of the Authority; and

Such other sources as may be approved by the City Council of the city.

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Section 16.

Board Composition. The Authority shall have a board (“Board”) comprised

of eleven (11) members, all of whom, except for any member of the City Council appointed to the

Board, must reside, be a business lessee, or own real property in the Authority, appointed by the

mayor and confirmed by a majority of the City Council. Consistent with Sections 31-25-805 and

31-25-806, C.R.S., the Board of the Authority shall be constituted as follows:

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One (1) member shall be a member of the City Council; and

Ten (10) members who are residents, landowners, or business lessees within the boundaries of the Authority.

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The initial terms of the Board members shall be as follows: c.

The members from the City Council shall serve at the pleasure of the City Council;

The terms of two members shall expire on June 30, 2027;

The terms of two members shall expire on June 30, 2028;

The terms of two members shall expire on June 30, 2029; and

The terms of all other members shall expire on June 30, 2030.

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After the initial terms of the Board members have expired, the terms of all members appointed to the Board, except the member from the City Council, shall expire four (4) years from

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the expiration date of the terms of their predecessors. After notice and an opportunity to be heard,

an appointed member of the Board may be removed for cause by the City Council. Board members

shall hold office until their successor has been appointed and qualified by the mayor and confirmed

by a majority of the City Council. Any appointment to fill a vacancy shall be for the unexpired

term.

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The term “business” shall include a for profit business or a nonprofit business. An officer

or director of a corporation having a place of business within the boundaries of the Authority shall

be eligible for appointment to the Board. A manager, agent, or employee, all as defined in Section

7-90-102, C.R.S., of an entity having its place of business within the boundaries of the Authority

shall be eligible for appointment to the Board. No officer or employee of the City, except the

member from the City Council, shall be eligible for appointment to the Board.

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Section 17.

Board Rules. The Board may adopt and promulgate rules governing its

procedures, including election of officers, and these rules shall be filed in the office of the city

clerk. The Board shall hold regular meetings in the manner provided in the rules of the Board.

Special meetings may be held when called in the manner provided in the rules of the Board. Notice

of meetings of the Board shall be in accordance with the Colorado Open Meetings Law. All

meetings of the Board shall be open to the public except as allowed under the Colorado Open

Meetings Law.

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Section 18.

Maximum Net Effective Interest Rate. Any ordinance or resolution by

which bonds are issued pursuant to the authority granted to the Authority shall specify the maximum net effective interest rate of such bonds.

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Section 19.

Inclusion of Property. Additional property may be included within the

boundaries of the Authority subject to City Council approval, as provided in Section 31-25-822,

C.R.S., as it may be amended.

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Section 20.

Contests of Ballot Form or Content. Pursuant to Section 31-10-1308(2),

C.R.S., the provisions of Section 1-11-203.5, C.R.S., shall apply as the exclusive procedure for protesting or contesting the content of the ballot titles and text set forth above. For purposes of Section 1-11-203.5, C.R.S., the ballot titles for the questions set forth in this Ordinance above are hereby determined to be the text of each question itself, as applicable. Section 21.

Severability. The provisions of this Ordinance are hereby declared to be

severable. If any section, paragraph, clause, or provision of this Ordinance shall, for any reason, be held to be invalid or unenforceable by a court of competent jurisdiction, the invalidity or unenforceability of such section, paragraph, clause, or provision shall not affect any of the

remaining provisions of this Ordinance. If any individual tract of land included within the area

described in this Ordinance is determined by a court of competent jurisdiction to be excluded from

the Authority, should the formation of the same be authorized by the qualified electors, such

determination shall not affect, impair, or invalidate the inclusion of the remaining area described

in this Ordinance in the Authority, it being the intention of the City Council that the inclusion of

the separate tracts of land described herein be severable.

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Section 22.

Ratification. All actions not inconsistent with the provisions of this

Ordinance heretofore taken by the officers and employees of the City directed towards the creation and establishment of the Boulder Downtown Development Authority are hereby ratified, approved, and confirmed.

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Section 23.

This Ordinance is necessary to protect the public health, safety, and welfare

of the residents of the city, and covers matters of local concern. Section 24.

Repealer. All orders, resolutions, or ordinances in conflict with this

Ordinance or with any of the documents hereby approved, are hereby repealed only to the extent

of such conflict. This repealer shall not be construed as reviving any resolution, ordinance, or part

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thereof, heretofore repealed. The City Council deems it appropriate that this Ordinance be published by title only and orders that copies of this Ordinance be made available in the office of the city clerk for public inspection and acquisition.

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INTRODUCED, READ ON FIRST READING, AND ORDERED PUBLISHED BY TITLE ONLY this 23rd day of July 2026.

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____________________________________ Aaron Brockett, Mayor

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Attest:

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___________________________________ City Clerk

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READ ON SECOND READING, PASSED AND ADOPTED, this 6th day of August

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2026.

3 ___________________________________ Aaron Brockett, Mayor

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Attest:

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___________________________________ City Clerk

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EXHIBIT A

Map of the Boundaries of the Boulder Downtown Development Authority

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EXHIBIT A TO ORDINANCE 8763

EXHIBIT B

Legal Description of the Boundaries of the Boulder Downtown Development Authority

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1234 56 74 8 5 29 34 EXHIBIT B TO ORDINANCE 8763

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1234 56 74 895 29 34 89 EXHIBIT B TO ORDINANCE 8763

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1234 56 74 895 29 34 89 EXHIBIT B TO ORDINANCE 8763

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1234 56 74 895 29 34 89 EXHIBIT B TO ORDINANCE 8763

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