City of Colorado Springs / City Clerk / City Elections / Archived Elections / 2006, Nov 7 / DDA - Nov 7, 2006 / 2006 DDA Ballot Titles

Downtown Development Authority Mail Ballot Election - November 7, 2006 - Ballot Titles

Question 1-A

Ballot Title:

"Shall the Colorado Springs Downtown Development Authority be organized pursuant to Part 8 of Article 25 of Title 31 Colorado Revised Statues to include all powers authorized therein within the boundaries of the area described as follows:

The proposed Colorado Springs Downtown Development Authority is located within the city limits of the City of Colorado Springs, County of El Paso, Colorado in an area whose boundaries are described as follows. All boundary lines are assumed to lie on the centerlines of the identified streets and alleys, with the exception of highway and railroad Rights-of-Way. All references to reception numbers or to book and page numbers refer to documents recorded with the El Paso County Clerk and Recorder?s Office.

The Point of Beginning is at the intersection of the centerline of Cache La Poudre Street West and Cascade Avenue North thence,

  • East on Cache La Poudre West to the intersection with North Weber Street, thence
  • South on North Weber Street to the intersection with Platte Avenue East, thence
  • East on Platte Avenue East to the intersection with Bijou Court, thence
  • South on Bijou Court to the intersection with Bijou Street East, thence
  • East on Bijou Street East to the intersection with Wahsatch Avenue North, thence
  • South on Wahsatch Avenue North to the intersection with the East/West alley between Kiowa Street East and Pikes Peak Avenue East, thence
  • East on said alley South of Kiowa Street East to the intersection with El Paso Street North, thence
  • South on El Paso Street North to the intersection with the East/West alley between Colorado Avenue East and Cucharras Street East, thence
  • West on said alley to the Northeast corner of the property described in a deed recorded at Reception #099014966, thence
  • West on the North property line of the property described in a deed recorded at Reception #204075634 to the Northwest corner of the property described in a deed recorded at Reception #204075634, thence
  • South along the West property line of the property described in a deed recorded at Reception #204075634 to the Northwest corner of the property described in a deed recorded at Reception #099014966, thence
  • South along the West property line of the property described in a deed recorded at Reception #099014966 to the intersection of the North property line of the property described in a deed recorded at Book 6335, Page 8, thence
  • West on the North property line of the property described in a deed recorded at Book 6335, Page 8 to the Northwest Corner of the property described in a deed recorded at Book 6335, Page 8, thence
  • Following along the Westerly property line of the property described in a deed recorded at Book 6335, Page 8 to the intersection with Costilla Street East, thence
  • West on Costilla Street East to the intersection with Wahsatch Avenue South, thence
  • South on Wahsatch Avenue South to the intersection with Rio Grande Street East, thence
  • West on Rio Grande Street East to the intersection with Nevada Avenue South, thence
  • South on Nevada Ave South to the intersection with the East boundary of the Denver & Rio Grande Railway Right-of-Way, thence
  • Northwesterly on the East line of the Denver & Rio Grande Railway Right-of-Way to the intersection with Tejon Street South, thence
  • North on Tejon Street South to the intersection of Fountain Blvd. West, thence
  • West on Fountain Blvd. West to the intersection of the property described in a deed recorded at Reception #98054628, thence North along the Easterly boundary of said property to the Northeast corner of property described in a deed recorded at Reception #98054628, thence
  • West along the Northerly boundary of the property described in a deed recorded at Reception #98054628 to the Northwest corner of the property described in a deed recorded at Reception #98054628, thence
  • South along the Westerly boundary of the property described in a deed recorded at Reception #98054628 to a point along the Northerly boundary of said property, thence
  • Westerly along the Northerly boundary of the property described in a deed recorded at Reception #98054628 to the intersection of the East Boundary of the Denver & Rio Grande Railway Right-of-Way, thence
  • Northwesterly on the East boundary of the Denver & Rio Grande Railway Right-of-Way to the intersection with Cimarron Street West, thence
  • West on Cimarron Street West to the East boundary of the Interstate 25 Highway Right-of-Way line, thence
  • North along the East Right-of-Way line of the Interstate 25 Highway Right-of-Way to the intersection of Bijou Street West, thence
  • East on Bijou Street West to the intersection of Cascade Avenue North, thence

North along Cascade Avenue North to the Point of Beginning at the intersection of the centerline of Cache La Poudre West and Cascade Avenue North."


Question 1-B

Ballot Title:

"SHALL CITY TAXES FOR THE COLORADO SPRINGS DOWNTOWN DEVELOPMENT AUTHORITY BE INCREASED $750,000 ANNUALLY BY LEVYING AN AD VALOREM MILL LEVY UP TO FIVE MILLS FOR EXPENDITURES ALLOWED BY LAW?"

Ballot text:

"If approved, the City of Colorado Springs shall be authorized to impose an ad valorem mill levy not to exceed five mills on all real and personal property within the boundaries of the Authority and for the Authority, to be used for the purpose of paying the Authority?s operations, maintenance, and other expenses, as allowed by sections 31-25-807, 31-25-808(1)(a), 31-25-808(1)(b), 31-25-816 and 31-25-817 Colorado Revised Statutes."


Question 1-C

Ballot Title:

"SHALL THE COLORADO SPRINGS DOWNTOWN DEVELOPMENT AUTHORITY (THE "AUTHORITY"), OR THE CITY OF COLORADO SPRINGS FOR USE OF THE AUTHORITY FOR PURPOSES OTHER THAN ENTERPRISES, AND AS A VOTER-APPROVED REVENUE CHANGE, BE AUTHORIZED TO COLLECT, RETAIN, AND SPEND IN 2007 AND IN ALL SUBSEQUENT YEARS THEREAFTER WHATEVER AMOUNT IS COLLECTED ANNUALLY FROM ANY REVENUE SOURCES INCLUDING BUT NOT LIMITED TO TAX RECEIVED AS DESCRIBED IN SECTIONS 31-25-807(3), 31-25-816, AND 31-25-817 COLORADO REVISED STATUTES, 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 OF COLORADO SPRINGS FOR THE USE OF THE AUTHORITY, AND SHALL SUCH REVENUES 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 SECTION 7-90 OF THE CHARTER OF THE CITY OF COLORADO SPRINGS AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED AND SPENT BY THE AUTHORITY AND THE CITY OF COLORADO SPRINGS AND SHALL ALL REVENUES GENERATED BY ANY AD VALOREM TAX LEVY UP TO FIVE MILLS COLLECTED, RETAINED, OR SPENT IN 2007 AND COLLECTED, RETAINED, OR SPENT IN ALL SUBSEQUENT YEARS THEREAFTER BE VOTER APPROVED AS AN INCREASED LEVY EXEMPT FROM THE TAX INCREASE LIMITATIONS CONTAINED IN SECTIONS 29-1-301 AND 29-1-302 COLORADO REVISED STATUTES?"


Question 1-D

Ballot Title:

"SHALL COLORADO SPRINGS DOWNTOWN DEVELOPMENT AUTHORITY DEBT BE INCREASED $90,000,000 WITH A REPAYMENT COST OF $225,000,000 (MAXIMUM) FOR APPROVED PLANS OF DEVELOPMENT AND CONSTITUTING A VOTER-APPROVED REVENUE CHANGE?"

Ballot text:

"If approved, such debt may be issued for the Authority by the City of Colorado Springs for the purpose of paying the costs of creating and implementing any plan of development, including operating, maintaining, or otherwise providing systems, operations, and administration for the purpose of carrying out the objects and purposes for which the Authority was organized, together with all necessary, incidental and appurtenant properties, capital improvements, facilities, equipment, personnel, contractors, consultants, and costs and all land, easements, and appurtenances necessary or appropriate in connection therewith, such debt to bear interest at a net effective interest rate not in excess of seven and one-half percent (7.5%) per annum, such interest to be payable at such time or times and which may compound periodically as may be determined by the City Council, such debt to be sold in one series or more at a price above, below or equal to the principal amount of such debt and on such terms and conditions as the City Council may determine, including provisions for redemption of the debt prior to maturity with or without payment of premium, and which debt may be refinanced at a net effective interest rate not in excess of the maximum net effective interest rate without additional voter approval; such debt shall be paid from any legally available moneys of the Authority, including the revenues pledged or from taxes pledged pursuant to section 31-25-807(3)(b) Colorado Revised Statutes or both such revenues and taxes with such limitations as may be determined by the Board of the Authority and the City Council, and shall the proceeds of any such debt and the proceeds of such taxes, any other revenue used to pay such debt, and investment income thereon be collected and spent as a voter-approved revenue change, without regard to any spending, revenue-raising, or other limitation contained within Article X, Section 20 of the Colorado Constitution, and section 7-90 of the Charter of the City of Colorado Springs and without limiting in any year the amount of other revenues that may be collected and spent by the Authority and the City of Colorado Springs?"