| Niwot LID Discusses Funds |
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| Written by Kim Glasscock |
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BY KIM GLASSCOCK The Niwot Local Improvement District Advisory Committee found itself in an enviable economic position when committee members met Jan. 4 to discuss the LID’s 2011 budget proposal. LID members estimated that the district will have up to $64,000 in sales tax income to spend in 2011, up from approximately $37,000 in 2010. The boost in available funds comes from the upcoming retirement of bonds for the street and sidewalk improvements the LID was originally created to fund. As part of the LID’s annual budget request to Boulder County, LID members started discussing possible uses for the anticipated additional sales tax revenues. “The consultant could provide an overview and plan – sort of a roadmap to follow,” Salas said. But LID member Jim Eastman disagreed. “We lack an overall planning and infrastructure piece,” he said. “A study could give us that information, and I think it would be appropriate for the LID to pay that cost.” LID member Harris Faberman said he favored having a study done and felt it would be appropriate to have the LID pay the cost. “I think this is a use of the tax dollars generated by Niwot that would identify community needs and benefit the town,” he said. He reminded the group that the LID is an advisory committee, and the LID’s budget is approved by the county commissioners. Outgoing Boulder County liaison Megan Davis suggested that the consultant also could include ideas about what planning costs could be paid for by the LID, or by the county. Instead of setting very specific uses for the additional funding, LID members agreed with a suggestion from LID member Tony Santelli that LID revenues should generally be allocated in a 50/50 split between marketing efforts and Niwot’s infrastructure and capital improvement needs. To that end, LID members allocated $32,000 toward community events, advertising and promotion. The remaining $32,000 was budgeted toward professional, consulting and technical services; signage; landscaping and streetscape improvements; and materials and supplies. LID committee member Ann May suggested that the LID put together a report to the Niwot community on how LID funds were spent in 2010. The report could be published in the Left Hand Valley Courier newspaper and on the Niwot.com website, she said. LID members agreed, and asked Salas to work with Boulder County staff to gather information for a report. Current state law does not include a way to add properties after the initial boundaries for a district are set and approved by voters. The proposed legislation would allow commercial property owners to request that their property be included in a LID.
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