§ 20-405. General powers of tourism improvement districts.

Except as may be limited by the creation ordinance, tourism improvement districts shall have the following powers:

(a)

Term. To have perpetual existence;

(b)

Levy Taxes, fees or assessments. To fund tourism improvements and services by levying a tax, fee or assessment on the lodging businesses or upon persons purchasing lodging; provided, however, that a district shall have no authority to impose any ad valorem property tax.

(c)

Multiple-fiscal year financial obligations. To incur by contract multiple-fiscal year financial obligations secured by the revenue of the district; provided however that any such multiple fiscal year financial obligations shall be solely considered an obligation of the district and not of the city.

(d)

Elections. To hold elections for the purpose of levying taxes, approving any multiple-fiscal year obligation of the district, or conducting any other district affairs.

(e)

Contracts. To enter into contracts and agreements affecting the affairs of the district, including contracts with the city for the collection and expenditure of district tax revenue, or for any other administrative, legal or financial services necessary to assist the district in the performance of its lawful functions.

(f)

Litigation. To sue and be sued and be a party to suits, actions or proceedings.

(g)

Bylaws. To adopt and amend bylaws not in conflict with the constitution and laws of the State of Colorado or the city for carrying on the business objectives, and affairs of the board and of the district.

(h)

Necessary, incidental, and implied powers. To exercise all rights and powers necessary or incidental to or implied from the specific powers granted in this article XIII. Such specific powers shall not be considered as a limitation upon any power necessary or appropriate to carry out the purposes and intent of the article XIII.

(Ord. No. 653-17, § 1, 6-26-17)