09.03.24 UHCAMC PacketUNIVERSITY HILL COMMERCIAL AREA MANAGEMENT COMMISSION
September 3, 2024
4:00–6:00p.m.
Community Vitality Department, 1500 Pearl Street, Suite #300
(The public will attend via Zoom Webinar.)
AGENDA
I.Roll Call Secretary
II.Procedural Items (10 min.)Chair
A.Approval of the July 24, 2024 Meeting Minutes
III.Public Participation (0-10 min.)Chair
IV.Consent Agenda – Topics will not be discussed unless there are questions posed by the
Commission. Please reference the consent agenda memo.
V.Fund Financials– The fund will not be discussed unless there are questions posed by the
Commission. Please reference the packet attachment.
VI.The Hill Boulder Update (20 min.)
VII.Matters from Staff (70 min.)Staff
A.Commercial Areas Update – Connections and Analysis
B.CMO Recommended Budget Update (LaBonte)
C.Q2 General Improvement District (GID) Economic Update (LaBonte)
D.Paint-the-Pavement Project (Brown)
VIII.Matters from Commissioners (10 minutes)Chair
A. UHCAMC Bi-Monthly Check-In Recap – August 13, 2024
IX.Upcoming Meetings
A.Bi-Monthly UHCAMC Check-In Meeting: 1:00 p.m., Tuesday, October 8, 2024
(Ted Rockwell and Trent Bush)
B.Commission Meeting: 4:00 p.m., Tuesday, November 12, 2024
X.Adjourn Chair
Attachments:
-Draft July 2024 Meeting Minutes
-Special District Boards and Commissions Consent Agenda –September 2024
-UHGID YTD Fund Financials
-UHGID Sales Tax
-2025 CMO Recommended Budget Changes
-Property Overview Through Q2 2024 – UHGID
-City Council Response Letter to UHCAMC
- Q2 2024 Boulder Economic Indicators Economic Data - Boulder Chamber Economic Council
-Public Record Correspondence
Commission Members 2024 Commission Priorities UHCAMC Charter
Trent Bush
Term ends: 2026
Tell Jones
Term ends: 2028
Danica Powell
Term ends: 2029
Ted Rockwell, Chair
Term ends: 2026
Andrew Shoemaker, V-
Chair
Term ends: 2025
1.Urban Redevelopment and
Collaboration
2.Community Engagement and
Collaboration
3.Affordable Housing and
Affordable Commercial
4.Increase Accessibility and
Foot Traffic to University
Hill’s Business District
The University Hill
Commercial Area
Management Commission
(UHCAMC) is appointed by
the Boulder City Council
under B.M.C. Section 2-3-20
to advise on parking and
related improvements to the
University Hill General
Improvement District
(UHGID). The five members
must consist of three district
property owners and two at-
large members. All must be
residents of the City of
Boulder.
]
Staff Liaison
Cris Jones, Community Vitality Director
jonesc@bouldercolorado.gov
2
CITY OF BOULDER
BOULDER, COLORADO
BOARDS AND COMMISSIONS MEETING MINUTES
Name of Board/Commission: University Hill Commercial Area Management Commission
Date of Meeting: July 9, 2024
Contact Information Preparing Summary: Lauren Kennedy, 303-413-7492
Board Members Present: Tell Jones, Ted Rockwell (Chair), Andrew Shoemaker (Vice-Chair),
Danica Powell, Trent Bush
Board Members Absent:
Staff Present:
Cris Jones, Director of Community Vitality (CV)
Kristine Edwards, CV Operations and Maintenance Senior Manager
Elliott LaBonte, CV Senior Manager of Business Services
Matt Chasansky, CV Senior Manager of Cultural Vibrancy and District Vitality
Reegan Brown, CV Senior Project Manager
Lane Landrith, CV District Vitality Specialist
Lisa Wuycheck, CV Executive Assistant
Lauren Kennedy, CV Board Specialist
Christopher Scott, CV Budget Analyst
Samantha Bromberg, CV Senior Project Manager
Guests Present:
Jake Hudson-Humphrey, The Hill Boulder
Public Present:
Mary Cooper Ellis University Hill Neighborhood Association
Lynn Segal
Type of Meeting: Hybrid
The meeting was called to order at 4:03 p.m. A quorum was present for the conduct of business.
Agenda Item 1: Roll Call
Lauren Kennedy, CV Board Specialist took roll call; all commissioners were present.
Agenda Item 2: Procedural Items
A. Approval of the May 7, 2024 Meeting Minutes
• Bush made a motion to approve the May meeting minutes as presented in the meeting
packet. Second by Shoemaker. There was no discussion. The motion passed
unanimously.
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Agenda Item 3: Public Participation
Mary Cooper Ellis, University Hill Neighborhood Association gave an update about the Moxy Hotel,
and how community members are happy with how clean the area looks. Additionally, there is concern
with the reduced police presence due to shifting resources to North Boulder. There is also concern
about the fireworks being set off in the neighborhoods for several days surrounding July 4th, and the
apparent lack of police intervention stopping the fireworks from being set off. Ellis brought up Interim
Police Chief Redfearn’s statement indicating that the police department would not be reducing police
presence on the Hill, and that there were many recruits going through the police academy who will be
ready for street deployment soon.
Ellis gave an update on the Lime scooters, saying the program is running smoothly.
Agenda Item 4: Consent Agenda
Consent Agenda – Topics will not be discussed unless there are questions posed by the Commission.
Please reference the consent agenda memo.
• UHCAMC had no questions or comments regarding the consent agenda.
Agenda Item 5: Fund Financials
The fund will not be discussed unless there are questions posed by the Commission. Please reference
the packet attachment.
• UHCAMC had no questions or comments regarding the consent agenda.
Agenda Item 6: The Hill Boulder Update
Jake Hudson-Humphrey, from The Hill Boulder, updated the commission about the most recent The
Hill Boulder Newsletter for Spring 2024. He discussed the successful 30% Open and 10% Click rates,
and the 233 current subscribers.
Hudson-Humphrey discussed the On the Rise event on June 22, and how successful that event was. He
brought up that the team is aware of and addressing the power and lighting issues faced during the
event before the next events in July and August occur.
Hudson-Humphrey discussed the positive impact the opening of the Moxy Hotel on the Hill has had on
the City’s presence in Google search results, and that the team is working on a hospitality webpage.
Hudson-Humprey discussed the Hill Crosswalk Mural project at Pleasant St. & Broadway Ave. He
shared the final design for the mural, and discussed the changes that were made throughout the
iterations, including removing local businesses’ logos from the design.
UHCAMC Responses:
• Bush asked for clarification on which lights were out for the On the Rise event, and Reegan
Brown, CV Senior Project Manager answered that it is the area that Bush mentioned, and they
are working on fixing the issue.
• Tell Jones asked if the mural is crossing Broadway, and Hudson-Humphrey clarified that it will
be crossing Pleasant Street.
• Rockwell asked what the proposed timeline for the mural project is, and Brown answered that
the project should be finished in two to four weeks. Hudson-Humphrey confirmed this
information.
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• Shoemaker asked why the mural included imagery from some institutions on the Hill, but not
others, and Hudson-Humphrey clarified that they could not use logos with words in the design
due to safety concerns and regulations from the City of Boulder’s Transportation Department
disallowing text on the road. He continued that this design was the best outcome despite the
limitations the team faced due to the transportation regulations. The commissioners briefly
discussed the merits of the regulation and the impacts on the road and drivers.
• Cris Jones clarified that the overall estimated time to completion would be closer to six to eight
weeks due to the vinyl printing, but the applications will be quick once the material is
produced.
Agenda Item 7: Matters from Staff
A. DRAFT 2025 Budget Recommendations
Elliott LaBonte, CV Senior Manager of Business Services updated the commissioners about the
General Improvement District and the 2024 Budget, including the process, the Capital Improvement
Program, and the UHGHID revenues and expenses.
LaBonte discussed the roles and responsibilities of the General Improvement District including
providing a general parking program for community members and commuters through various means.
He went over the accomplishments, including:
• Expanding funding
• An ordinance change to the land-use standards on the Hill
• 100th Anniversary for The Sink
• The Final ULI Tap Report
• A reduction in crime of 29%
He went over the work in progress, including:
• The Way Finding project
• 14th Street parking lot repairs
• Roots Music Festival
Shoemaker asked who pays for the 14th Street lot repaving, and LaBonte answered that there is a
savings account that CV puts $9,200 into every year, and that account is funding the maintenance of
the lot.
LaBonte discussed the budget process, and that the city is currently in the Department Budget
Development phase of the process. Cris Jones added that the commission will contribute to memos
from the Finance Department to City Council regarding feedback from the commissions and suggested
language for the budget.
LaBonte presented the funds and broke them down into District, City, and Other categories. The
newest Arts, Culture & Heritage fund falls under the City category.
LaBonte discussed the revenue and expenses of the budget and brought up the fact that the funds are
all currently debt free.
5
He presented the proposed the Community Vitality budget and explained the increases to the budget
compared to last year and clarified that the 21% increase in internal services is due to new calculations
from Central Finance regarding cost allocations for attorneys, communication staff, IT, and other
related groups.
Powell asked for clarification on the differences in numbers in this presentation and the meeting
packet, and LaBonte confirmed that the presentation has the most up-to-date numbers.
LaBonte discussed the proposed UHGID budget, including the decrease in parking revenues, the
increased revenue from investment earnings, and the increased expenses for internal services similar to
the Community Vitality budget.
Rockwell asked if the increase in UHGID internal expenses is comparable to the other funds, and
LaBonte confirmed it is a lower increase than the other funds, but the increase is still significant across
the board.
Shoemaker asked for clarification on the numbers from the presentation and them not being the same
as the numbers from the fund financials attachment, and LaBonte clarified that the fund financials are
broken out by program area for reporting in the budget book, and the UHGID budget presentation is
broken out by expense type category, so the considerations for each category and report are different.
Shoemaker asked for clarification on the difference in numbers for capital, and LaBonte answered that
the 2024 budget has many revisions due to unspent money from 2023 rolling over to 2024.
LaBonte discussed the summary of the 2025 budget changes, including:
• Realignments through shifting EcoPass savings to support maintenance operations and shifting
credit card processing fees to the general fund.
• Enhancements through the continuation of the Ambassador and Outdoor Dining Pilot
Programs, EcoPass expansion to part-time employees, and the Arts + Culture gap year and
program extensions.
• Capital highlights of Hill focused streetscape renovations and revitalization, CMGC projects,
security enhancements in garages, and 1% for public art on capital projects.
LaBonte presented the 2025 budget highlights, including the focus on realigning an underutilized
budget, the new sales tax for Arts, Culture & Heritage, the expansion of Capital programs,
enhancements focused on supporting businesses and employees, and upcoming Ballot Initiative #50 -
Voter Approval to Retain Additional Property Tax Revenue which will put a 4% cap on revenue
growth.
LaBonte discussed the 2025 to 2030 Capital Improvement Program, including information about the
possibility of gaining more funds and using them to make improvements to the district. Shoemaker
asked the percentage of funding paid by the district is calculated, and LaBonte answered that
Community Vitality considered other large capital investments when calculating the percentage.
Shoemaker asked about the Street Scape renovations, and if there are going to be plans. Cris Jones
answered that part of the funding will go to conceptualizing plans for projects in the district. Powell
brought up the fact that irrigation will be a high cost, and LaBonte added that the plans will include
looking at flora that does not require a high amount of irrigation to lower the costs.
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Shoemaker asked for clarification about how much each district is contributing, and LaBonte
answered that each district contributes while attempting to not overspend. Cris Jones added that there
is a lot of opportunity for projects with the funding, and LaBonte added that they are looking to start
planning projects now so that they can hit the ground running as soon as the budget is approved in
October, while staying flexible in the planning in case the budget needs to be changed.
Rockwell stated that it is a recurring theme for the commission is to look forward at the district fund
and reserve and see some headwinds coming in the future. He elaborated that the commission will
need to start planning on generating funding for the district in order to keep the area in good condition.
He also stated that he supports the idea of making capital expenditures a priority.
Powell moved to approve the 2025 proposed budget, Rockwell seconded, there was no discussion and
the motion passed unanimously.
B. District Outlook Project Update
Matt Chasansky, CV Senior Manager of Cultural Vibrancy and District Vitality updated the
commission about the cross-district work and that the timeline has been changed, with a due date of
the September 19 City Council meeting. Cris Jones expanded on the discussion with information
about options for upcoming plans that could come up in the conversations with City Council and
other stakeholders.
Shoemaker asked if there is anything the commission can do to make sure the City Council
understands that the situation may become dire in the coming years, and Cris Jones answered that the
commission can draft recommendations and resolutions to present to City Council.
C. Revenue Optimization for the 14th Street Lot
Samantha Bromberg, CV Senior Project Manager and LaBonte updated the commission about the
possibilities for revenue at the 14th Street Lot. They gave information about the location, current fees,
lot size, and utilization rates. Bromberg discussed the changes from 2023 to 2024, and Cris Jones
clarified that the low revenue in 2023 could have been due to leasing the lot to a construction
company in 2023.
Bromberg discussed customer feedback of businesses, employees, and residents having difficulty
finding parking on the Hill and customers being unaware of the lot location.
She presented the parking fees for lots in the surrounding area to give commissioners an idea of the
fees that could be charged at the 14th Street lot.
She gave the commissioners opportunities to explore, including:
• Making monthly or quarterly permits available
• Revising time limits and/or pricing
• Improving wayfinding
• Exploring event pricing
She discussed the drawbacks to event pricing, including:
• Costs that come with marketing the parking
• The distance of the lot from event locations at CU
• Concerns about tailgating in the lot
7
She compared the Pleasant St. model to the 14th Street lot and discussed the options that came from
that comparison.
Bromberg recommended introducing a small number of long-term permits, exploring dedicating
some of the spaces as permit-only parking spots, and exploring reducing the time limit for non-permit
spaces of raising the pricing to $2.00 per hour to match CU’s pricing.
Powell asked if selling spaces to the Moxy Hotel is an option, and Cris Jones answered that they did
not respond when asked by the city. Cris Jones clarified that the City will treat the Moxy as any other
business, so if they were to open up spots in the lot for sale, they would have to be open for sale to all
businesses and private citizens in the district.
Rockwell brought up the fact that the permits will get bought up quickly, and LaBonte discussed the
market and following the trends to make sure the City doesn’t force other entities, such as CU and
businesses on the Hill, to raise their parking rates in response to the City’s parking rates.
Rockwell asked if Bromberg had any information about how many employees for businesses on the
Hill currently use the lot, and Bromberg answered that it is likely low due to the 4-hour limit and
shifts usually being longer than 4 hours. Rockwell stated that there needs to be a lot of
communication with the Hill businesses about the parking program changes so that employees can
utilize the parking spots.
Rockwell asked what the demand for parking is going to look like once the garage for the Limelight
Hotel opens, and Bromberg responded that her team will treat the lot with the same performance-
based pricing process as the downtown area, and will be flexible and responsive to the parking needs
in the district.
Shoemaker said that he believes raising the pricing to $2.00 per hour is the best recommendation, and
Powell added that people are happier to park in surface lots than garages due to perceived danger in
garages.
Rockwell asked for clarification on next steps, and Cris Jones added that he believes the
recommendation to lift the 4-hour time limit and raise the fee to $2.00 per hour will resonate well
with the community instead of trying to charge a $10 flat rate. Shoemaker said that he supports the
idea and added that he believes the rate will not drive CU to raise their rates. Rockwell shared
information about his employees’ struggles to buy parking permits in the area, and Bromberg added
that the area is difficult to park in for many people. Cris Jones brought up the fact that the lot will be
competing with free street parking in the summer, and Bromberg clarified that the lot can serve
businesses and employees in the district by limiting who can buy the permits.
Rockwell asked if there can be a weekday permit, and Cris Jones clarified that this is not a product
that the City currently offers in any lot due to the limitations of the current parking fee processing
system, and the transition to the new system. He went on to discuss the changes in the utilization
since Covid, and seeing the lots being used less now during the weekdays compared to the weekends.
Shoemaker shared that he had chosen a location for his business that is outside of the Hill area due to
the parking limitations. LaBonte added that this lot will help provide access to community members
to visit the Hill.
Powell asked if many people use the Boulderado’s valet parking, even if they aren’t staying at the
hotel, and Cris Jones answered that the team does not have that data. Powell stated that valeting
could be an option in the lot to keep the area staffed and utilize every space.
8
Powell asked if City Council needs to approve any of the decisions UHCAMC makes for the lot, and
Cris Jones answered that the recommendations will be included in the annual update to City Council
for their review. Bromberg added that the pricing changes could start in January of 2025.
Rockwell pointed out that he would like to review the effects and outcomes of the price adjustments in
a year. Kristine Edwards, CV Operations and Maintenance Senior Manager reiterated that the parking
demand has changed since Covid.
Agenda Item 8: Matters from Commissioners
A. UHCAMC Bi-Monthly Meeting Update
Rockwell updated that the check in was good. The commission discussed the upcoming check-in dates.
Tell Jones stated that he is grateful to the City for how quickly the work the commission is doing is
coming to fruition.
Agenda Item 9: Next Commission Meeting
Next Commission Meeting: 4 p.m. Tuesday, September 3, 2024. The public will be remote.
Next Bi-Monthly UHCAMC Check-In Meeting: 1 p.m. Tuesday, August 13, 2024. The public will be
remote.
Agenda Item 10: Adjourn
There being no further business to come before the commission at this time, Rockwell moved to
adjourn the meeting. The meeting was adjourned at 5:41 p.m.
Attested: Approved by:
___________________ _____________________
Lauren Kennedy Ted Rockwell
Board Specialist UHCAMC Chair
Date: ______________ Date: _________________
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City of Boulder
Special District Board Consent Agenda
University Hill Commercial Area Management Commission (UHCAMC) – September 3, 2024
Downtown Management Commission (DMC) – September 10, 2024
Boulder Junction Access District (BJAD) Commissions – September 18, 2024
Updates on Community Vitality work plan programs and projects for city special district boards
and commissions. These updates are for informational purposes only and require no discussion
or votes.
Special District Updates
• University Hill General Improvement District (UHGID) - Hill Revitalization Efforts –
Many exciting efforts are underway on the Hill:
• Moxy Boulder Hotel had their grand opening on August 13, providing 189 guest
rooms in the heart of Boulder along with space for a restaurant, coffee shop and Bar
Moxy.
• In collaboration with Roots Music Project, the ‘On the Rise’ music series has been
successful in drawing community members and visitors to The Hill Events Street.
The next and final concert will take place on Saturday, September 28th, 4-9p.m. at
Depot Square Plaza in Boulder Junction.
• Staff has selected a mural artist, Liz Maher at www.lizmaherworks.com,to adapt their
original design for creative heat-set vinyl on all four crosswalks at the intersection of
13th & Pennsylvania. This was relocated from the original site at Pleasant St. due to
technical issues.
• Work continues at the Limelight Hotel and Conference Center, which is projected to
open in Spring 2025.
• Central Area General Improvement District (CAGID) Garage Repairs and
Improvements – City of Boulder is improving public parking garages in downtown Boulder
in 2024, which requires periodic partial and full closures of the garages. The projects include
important maintenance repairs and improvements such as power washing and re-striping.
Community Vitality staff are working with contractors, parking permit holders, commercial
property owners, and tenants to coordinate the schedule to ensure continued public parking
garage access downtown while these projects are completed.
• CAGID/UHGID – Downtown and University Hill Ambassador Program – The
ambassador program operates in the downtown, Civic Area and on University Hill. The
program extension guarantees that University Hill will have an ambassador on-site for 32
10
hours per week, along with a team lead for 40 hours per week. The program is a partnership
between the University of Colorado, the City of Boulder and the Downtown Boulder
Partnership (DBP). A Hill ambassador may be reached via phone or text at 720-576-8643. If
you need to reach a downtown ambassador via phone or text, please reach out to 720-498-
9601.
• Boulder Junction Wayfinding Signage Project – This project aims to improve wayfinding
and recognition of Boulder Junction as a distinct neighborhood and general improvement
district (GID) within the Boulder community. City staff entered into an agreement with a
vendor named e3 Signs to fabricate and install the signage. Installation is complete for the
signage in the Public Right-of-Way and currently under license review for the private
property locations. We anticipate all signage to be complete by end of year.
• Boulder Clean Commute Pilot Program – Community Vitality entered into an agreement
with a local tech company Commutifi to implement a transportation demand management
(TDM) wallet concept in 2024 in the CAGID and BJAD. The purpose of the pilot program is
to encourage companies in both districts to participate in sustainable commuting practices
through financial incentives (up to $2.50 per commute with the city’s match) to employees
who use sustainable transportation. This pilot program will be reviewed in Q1 2025 for its
effectiveness in changing transit behaviors. More information can be found at the program
website Boulder Clean Commute.
City of Boulder Updates
AMPS Implementation – New on-street performance-based pricing went into effect Jan. 2,
2024. Performance-based pricing uses data driven analysis to implement pricing changes based
on demand, which are monitored and adjusted on an annual basis. Questions or comments:
Samantha Bromberg, brombergs@bouldercolorado.gov.
Outdoor Dining Pilot Program - The five-year pilot program provides permitting and support
for outdoor dining year-round at restaurants, brewpubs, taverns, breweries, distilleries, and
wineries. The program enables these businesses to offer more space to customers by expanding
outside with consistent, pre-approved infrastructure for the expansion areas. There are currently a
total of 30 participating businesses. Staff will conduct an evaluation in the coming months and
anticipate providing an update to council later this year.
Affordable Commercial Grant Program – Community Vitality is launching a program
intended to help address a gap in the market for more affordable commercial space and increase
opportunities for local small businesses to thrive in our commercial centers. Owners and
managers of commercial buildings proposing redeveloped, expanded, or currently vacant
commercial spaces offering retail, office, or industrial space at below-market rates are
encouraged to apply. Grant recipients will enter into a partnership with the City of Boulder to
11
provide more affordable options for local small businesses including women-owned and
minority-owned businesses and other groups that were most affected by the COVID-19
pandemic. The city has $850,000 in funding for this pilot. The grant application period is set to
be open through the month of September with award decisions announced by the end of October.
12
University Hill Commercial District Fund (formerly UHGID) - 6500202320242024202520262027202820292030Actuals Adopted Revised Recommended Projected Projected Projected Projected Projected3,685,209$ 3,748,126$ 3,748,126$ 3,581,109$ 2,550,086$ 2,452,480$ 2,338,373$ 2,206,835$ 2,056,893$ Sources of FundsInterest & Investment Earnings 84,413 48,320 87,064 107,433 76,503 73,574 70,151 66,205 61,707 Based on previous year fund balance plus growthParking Revenue 58,219 79,060 59,092 59,979 60,878 61,792 62,718 63,659 slow to no growth projectedProperty Tax 35,093 35,880 35,795 39,481 40,271 41,076 41,898 42,736 43,590 2% growth projection + $3,500 from Hill Hotel in 2025Specific Ownership & Tobacco Tax 1,695 1,410 1,729 1,438 1,467 1,496 1,526 1,557 1,588 2% growth projectionTransfers In 270,000 270,000 270,000 270,000 270,000 270,000 270,000 270,000 270,000 Total Sources of Funds 449,420$ 434,670$ 453,680$ 478,331$ 449,118$ 447,938$ 446,293$ 444,156$ 376,885$ Uses of FundsAdministration (Economically Vital) 60,293 109,899 110,189 103,173 105,752 108,396 111,106 113,884 116,731 2.5% growthCommunity Vitality Customer Service 38,345 79,007 79,231 40,240 41,246 42,277 43,334 44,417 45,528 2.5% growthEconomic Vitality & District Management 28,900 55,261 65,261 65,600 67,240 68,921 70,644 72,410 74,220 2.5% growthParking Maintenance 168,934 203,350 207,980 249,741 255,985 262,384 268,944 275,667 282,559 2.5% growthTransfers & Cost Allocation 52,913 64,220 64,220 73,100 76,502 80,067 83,803 87,720 91,826Capital Improvement Program 37,118 15,000 93,816 977,500 ‐ ‐ ‐ ‐ ‐ Total Uses of Funds 386,503$ 526,737$ 620,697$ 1,509,354$ 546,724$ 562,045$ 577,831$ 594,099$ 610,864$ Ending Fund Balance Before Reserves 3,748,126$ 3,656,059$ 3,581,109$ 2,550,086$ 2,452,480$ 2,338,373$ 2,206,835$ 2,056,893$ 1,822,913$ ReservesOperating Reserve74,735 76,612 76,612 78,527 80,490 82,503 84,565 86,679 89,106 Total Reserves74,735$ 76,612$ 76,612$ 78,527$ 80,490$ 82,503$ 84,565$ 86,679$ 89,106$ Ending Fund Balance After Reserves 3,673,391$ 3,579,447$ 3,504,497$ 2,471,559$ 2,371,989$ 2,255,870$ 2,122,270$ 1,970,213$ 1,733,807$ 13
Sales Tax by Location: UHGID "The Hill"2018 2019 2020 2021 2022 2023 2023 May 2024 MaySales Tax $1,531,542 $1,560,362 $1,141,856 $1,354,331 $1,318,763 $1,380,202 $562,709 $548,185Year-Over-Year Change $28,820($418,506)$212,475($35,568)$61,439($14,524)Year-Over-Year Growth Rate 1.88% -26.82% 18.61% -2.63% 4.66% -2.58%Average Annual Growth Rate-2.06%% Change 5 yrs-9.88%Use Tax by Location: UHGID "The Hill"2018 2019 2020 2021 2022 2023 2023 May 2024 MayUse Tax $41,857 $11,148 $74,264 $13,401 $21,434 $43,310 $27,303 $21,768Year-over-Year Change($30,709)$63,116($60,863)$8,033 $21,876($5,535)Year-over-Year Growth Rate -73.37% 566.16% -81.95% 59.94% 102.06% -20.27%Average Annual Growth Rate0.68%% Change 5 yrs3.47%14
Summary of
2025 Budget
Changes
•Shifting EcoPass savings to support maintenance operations -CMO
Recommended ongoing
•Decrease in GF transfer to CAGID for credit card processing fees now GF
obligation -CMO Recommended ongoing
Realignments
•Ambassador Program-CMO Recommended one-time
•Outdoor Dining -CMO Recommended one-time
•EcoPass expansion to part-time employees-CMO Recommended
ongoing
•Arts + Culture gap year and program expansions -CMO Recommended
one-time
Enhancements
•Hill Focused Streetscape Renovations and Revitalizations -CMO
Recommended (decreased amount to $1.38M from $1.45M and
increased UHGID’s portion from $250,000 to $727,500)
•CMGC projects per garage starting in 2025 -CMO Recommended
•Security Enhancements in Garages -CMO Recommended
•1% for Public Art on Capital Projects -CMO Recommended
Capital Highlights
15
Next Steps
-September 12th - Council
Study Session (open to public
but no comments allowed)
-October 3rd - 1st reading &
public hearing
-October 17th - 2nd reading &
public hearing, resolutions for
districts on consent
16
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1777 Broadway, Boulder CO 80302 | bouldercolorado.gov | O: 303 -441-3002
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1777 Broadway, Boulder CO 80302 | bouldercolorado.gov | O: 303 -441-3002
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1777 Broadway, Boulder CO 80302 | bouldercolorado.gov | O: 303 -441-3002
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1777 Broadway, Boulder CO 80302 | bouldercolorado.gov | O: 303 -441-3002
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Boulder Economic
Indicators
Second Quarter 2024
Louis Rosner: Economic Development Analyst
Introduction
The second quarter and first half of 2024 have concluded, with
strong performances in both the US and local economies.
Nationally, second-quarter GDP growth exceeded expectations,
although the first half of 2024 saw less growth than the second
half of 2023. Inflation has been declining since the second half of
2023, despite some instability in February and March 2024.
Locally, Boulder remains robust. Although the unemployment rate
has risen, it remains below state and national levels. This rise
could be attributed to labor force expansion rather than an
increase in joblessness, as total employment growth outpaced the
growth in the unemployment rate year-over-year. Additional
positive signs in the local economy include a 20% increase in
venture capital investment and continued growth in sales tax
collections.
Despite this optimism, concerns persist for the second half of
2024. Monday's market crash, geopolitical tensions, and fears of a
commercial real estate meltdown have reignited recession
worries. The Leeds Business Confidence Index, polled before
Monday's events, shows business sentiment dipping just below
neutral by year-end, ending a two-quarter run of positive
sentiment.
National Economic
Indicators
34
Empowered by mySidewalk
Terms of Use
Source: Bureau of Economic Analysis
Percent Change in Real GDP
Percent ChangeUS National2017 Q12017 Q32018 Q12018 Q32019 Q12019 Q32020 Q12020 Q32021 Q12021 Q32022 Q12022 Q32023 Q12023 Q32024 Q1-10
-5
0
5
10
Source: Board of Governors of the Federal Reserve System (US)
Effective Federal Funds Rate
FFREffective Federal Funds RateJan 2017Jan 2018Jan 2019Jan 2020Jan 2021Jan 2022Jan 2023Jan 2024May 2017September 2017May 2018September 2018May 2019September 2019May 2020September 2020May 2021September 2021May 2022September 2022May 2023September 2023May 20240
2
4
6
1
3
5
35
From:Lori Call
To:Trent Bush; Ted Rockwell; Danica Powell; Andrew Shoemaker; Tell Jones; Wuycheck, Lisa; Jones, Cris
Subject:CU Boulder August 2024 Update
Date:Friday, August 16, 2024 12:50:25 PM
External Sender Notice This email was sent by an external sender.
Hi UHCAMC members, sharing FYI the monthly note I sent to the Hill neighbors. Nice to see so many
of you at the Moxy opening! We’ll be adding you to the Limelight topping off ceremony guest list. Lots
of wonderful momentum on the Hill!
Lori
Lori Call
(she/her/hers)
Associate Vice Chancellor for Local Government and Community Engagement
Office of Government and Community Engagement
University of Colorado Boulder
Boulder, Colorado 80309
O: 303.492.2626
M: 303.845.0205
CU Boulder acknowledges that it is located on the traditional territories and ancestral homelands of
the Cheyenne, Arapaho, Ute and many other Native American nations. Their forced removal from
these territories has caused devastating and lasting impacts. Full CU Boulder land acknowledgment
From: Lori Call
Sent: Friday, August 16, 2024 10:00 AM
To: hillneighbors@googlegroups.com
Subject: CU Boulder August 2024 Update
Hello Hill Neighbors,
Important Campus Dates
The return to typical campus life is right around the corner. Students are set to begin
housing move in on August 19-22. Please expect heightened traffic during these
dates. Classes will begin on August 26.
On August 17, Tyler Childers will perform at Folsom Field. We expect a filled stadium
on Saturday with heavy traffic, and wanted to give you a heads up so you can plan
accordingly.
36
For more important dates, you can view the academic calendar here:
https://www.colorado.edu/academics/academic-calendar
Buffs Football is Back
On Thursday, August 29, at 6 pm, CU will face off against North Dakota State at
Folsom Field. Please expect heavy traffic near the university. We look forward to
cheering on our team this season as the Buffs continue the momentum with Coach
Prime.
This season marks the return to the Big-12 conference for the Buffs. Additional home
games at Folsom will take place on Sep 21 vs Baylor; Oct 12 vs Kansas State; Oct 26
vs Cincinnati; Nov 16 vs Utah; and Nov 29 vs Oklahoma State. For more information
on the Buff Football schedule, click here.
State and Federal Funding Awarded to CU Boulder
You may have seen in the Camera that CU recently received state and federal
funding for several initiatives. Some of you have asked for more detail, so I wanted to
share the following with you:
Colorado Energy Office Grants for On-Campus Geothermal Studies
In support of the University’s climate and sustainability efforts, CU Boulder was
awarded nearly $700,000 to pay for on-campus geothermal studies. For more
information, click here.
Congressional Earmark for Green Water Quality Infrastructure
Governor Jared Polis signed a Colorado Senate Bill titled "Study Green Infrastructure
for Water Quality Management," directing a team at CU Boulder to enhance water
quality by piloting programs to reduce the cost of green infrastructure and developing
green financing mechanisms. To learn more, click here.
CU Boulder secures $750K to improve drought preparedness in Western U.S.
The University also earned a grant to boost drought monitoring and prediction on the
Colorado River. The $750,000 award from the National Oceanic and Atmospheric
Administration (NOAA) will go towards learning techniques to improve lead
predictions key to water management. To learn more, click here.
Quantum
Governor Jared Polis signed a Colorado General Assembly bill designating a multi-
year $74 million refundable tax credit to leverage Colorado’s private sector and
academic research innovation, maximizing the state’s competitiveness for our
quantum work.
In addition, the National Science Foundation (NSF) has announced a $20 million
grant to CU Boulder to launch the National Quantum Nanofab (NQN) facility. To learn
more, click here.
37
Boulder has more Nobel laureates in quantum than anywhere else in the world. We’re
excited to bring these federal funds and cutting-edge science to the community.
Conference on World Affairs Update
I know that many of you have attended the Conference on World Affairs (CWA) for
years, some of you hosting speakers to ensure they feel especially welcomed to the
community. I wanted to share some updates taking place with CWA. Special thanks
to CWA Chair (and Hill resident) Jan Burton for her leadership during this time of
transition.
Some of the updates include:
A strategic CU Boulder event anchor—our vision is to collaborate with
existing campus and community event owners to develop an annual
schedule of CU and Boulder events associated with CWA—culminating in an
April event schedule anchored by CWA each spring—that engages broad
audiences, including CU Boulder students, faculty, staff, as well as
community members, K-12 students and broader audiences across
Colorado and beyond.
A university–community partnership—the core CWA April programming
model will continue to be a university–community partnership, with university
oversight and approvals through CU.
From a CWA board to a steering committee—Beginning this summer, the
CWA board as currently constituted will begin transitioning to a CWA
Steering Committee comprised of those closely engaged in the conference’s
annual scope of work—including CU staff, a CWA faculty programming lead
we will recruit this fall, the CWA community program chair, the CWA student
program chair, CU’s strategic events team, academic and administrative
leadership, and additional community and student volunteer representatives.
Clear roles, responsibilities, and oversight—the CU team will work with
our CWA volunteer leadership and steering committee to standardize the
annual CWA event planning timeline, including alignment with our campus
mission and values, staff and volunteer roles and conduct expectations, and
clear accountability for goal setting, programming, communications,
fundraising, budgets, logistics, approvals, and metrics of success.
Outreach to campus and community constituencies—We have already
begun engagement work with a range of current and former campus and
CWA constituencies, and the team will be increasing the frequency of
communication and opportunities for dialogue.
For more information about CWA’s evolution, visit: CWA Newsletter - CWA
38
June Newsletter | Conference on World Affairs | University of Colorado Boulder
I hope you are enjoying your summer. Please reach out with any comments or
questions.
Thanks!
Lori
Lori Call
(she/her/hers)
Associate Vice Chancellor for Local Government and Community Engagement
Office of Government and Community Engagement
University of Colorado Boulder
Boulder, Colorado 80309
O: 303.492.2626
M: 303.845.0205
CU Boulder acknowledges that it is located on the traditional territories and ancestral homelands of
the Cheyenne, Arapaho, Ute and many other Native American nations. Their forced removal from
these territories has caused devastating and lasting impacts. Full CU Boulder land acknowledgment
39