Business Improvement District

DURANGO BUSINESS IMPROVEMENT DISTRICT Established 1997 Serving Commercial Property and Business Owners in the Central Business District and in the North Main District in Durango, CO Board of Directors Meeting BID Office, 850 ½ Main Avenue, Suite 2 Tuesday July 14, 2026 8:30 to 10 am The Durango Business Improvement District encourages the participation of all its business and property owners in its public meetings. If an accommodation is needed, please contact Tim Walsworth at (970) 375-5068. Board Chair Sharon Taylor Vice Chair Maury Leysens Secretary & Treasurer Colin Carver Members Geoff Overington Natalie McLain Executive Director Tim Walsworth Director of Marketing and Communications Tanya Clegg 1 Durango Business Improvement District Board Meeting Agenda BID Office, 850 ½ Main Avenue, Suite 2 Tuesday July 14, 2026 8:30 to 10 am 1. Call to Order – Sharon Taylor 2. Roll Call – Tim Walsworth 3. Guests/Public Comment – Sharon Taylor 4. Declare Conflicts of Interest – Sharon Taylor 5. New Business/Old Business – Sharon Taylor 6. Approval of Minutes 6.1. Approval of June 9, 2026 Meeting Minutes – Sharon Taylor 7. Board and Staff Reports 7.1. Board Chair Report – Sharon Taylor 7.2. Treasurer Report – Colin Carver 7.2.1. Approval of May 2026 Financial Statements 7.3. Marketing, Communications and Events Report – Tanya Clegg 7.4. Visitor Information and Beautification Report – Tanya Clegg, Tim Walsworth 7.5. Executive Director Report – Tim Walsworth 8. Adjournment Future meeting dates and topics: • August 11 – 2027 budget V2; Q2 report on ED performance goal progress; Q2 report on communications, website, social media stats • September 8 – approve 2027 budget for submission to City of Durango • October 13 – Q3 report on ED performance goal progress; Q3 report on communications, website, social media stats • November 10 – 2027 budget revisions • December 8 – year-end resolutions 2 Approval of June 9, 2026 Meeting Minutes Durango Business Improvement District (BID) Board of Directors Meeting Minutes BID Office - 850 ½ Main Ave, Suite 2 June 9, 2026 8:30 am Call to Order Vice Chair Maury Leysens called the meeting to order at 8:32 am. Roll Call • Answering the roll call were Maury Leysens, Geoff Overington, Colin Carver and Natalie McLean. Sharon Taylor was absent. • Staff attending were Executive Director Tim Walsworth and Director of Marketing and Communications Tanya Clegg • Guests – Tom Dreswicky from Energy Systems Group Guests/Public Comment Tom is new to his job and attended as part of his efforts to get to know the community. Conflicts of Interest No conflicts were noted. New Business/Old Business • Natalie was just appointed by the City of Durango to the BID board. Natalie introduced herself as the owner of Adela Flora, located in the North Main District. Natalie has been in Durango since 2004 and excited to be on the BID board. • There is a new organization expressing interest in the Durango Mall property. The group previously interested changed their minds about developing the property. • A new food truck, Bruin from Pagosa Springs, will be located at the northwest corner of 32nd and Main Avenue. • The property owner of the former home of Old Tymers is making a major investment into the property. • Construction is also occurring two buildings north of Old Tymers with a major façade update • The Old Main Post Office, owned by La Plata County, has been combined with the County property behind it and the County is seeking a realtor to market both properties. Minutes Geoff moved to approve the May 12, 2026 meeting minutes. Natalie seconded the motion and it passed with all in favor (4 – 0). Board Chair Report Tim provided the board chair report in Sharon’s absence. He first discussed the first discussed the BID potentially updating its stance on the Downtown’s Next Step project. Sharon asked that this discussion be delayed until the next board meeting due to her being out of town. 3 Page 1 of 3 Tim also reported that feedback had been provided to the Durango Farmers Market for a small number of specific concerns voiced after the May 9 market, which was held on Main Avenue. The Farmers Market plans to address these concerns for the June 13 market on Main. Tim and Sharon will communicate the impacts and opportunities associated with the June 13 market to BID businesses earlier than last month. Geoff did not have anything to report from the Urban Renewal Authority board that he sits on for BID. Treasurer’s Report Colin gave the financial report for April 2026. The balance sheet shows BID’s operating account has 9% less funds than one year ago, but that is normal for BID’s cash flow at this time of year. The profit and loss statement for the first four months of the year shows total income is 104% of year-to-date budget and expenses are 98% of year-to-date budget. Colin noted that when the board sees the May and June profit and loss statement, it will show the mill levy revenues are significantly higher than what has been budgeted. BID’s CD at First Southwest Bank was not renewed at its maturity date of May 9 this year. Maury is leading an effort to explore other investment opportunities to produce a better return for BID. This includes pooling funds with the City of Durango’s investments, plus different accounts at Bank of Colorado and Alpine Bank. Geoff moved to approve the April 2026 financial statements. Maury seconded the motion, and it passed with all in favor (4 – 0). Marketing, Communications and Events Report Tanya reported on BID’s recently completed Love Locals Week promotion. This promotion offered a free $50 Heart of Durango Dollars digital gift card when a $100 gift card was purchased. The $50 card expired in 30 days, so BID staff communicated with card holders to remind them of the deadline and to encourage spending. Tanya reported that 94% of the funds were spent before the cards expired. Tanya stated that there are now 113 businesses that have opted to accept BID’s gift card, one less than last month. Just over 1,900 cards have been awarded or purchased, with a total value of $145,000. 2,350 purchases have been made using BID’s gift card for a total amount of nearly $101,000. BID’s next Coffee & Conversation meeting will be held on Friday on June 12. Topics to be discussed include 4th of July activities. BID will not hold this meeting in July due to the busy summer season, so meetings will resume on August 14. There were no major updates on any of BID’s four annual events. Tim has been working on the City of Durango’s 4th of July planning team and also consulting with a new Oktoberfest event. Visitor Information and Beautification Report The Ambassador Team for 2026 has been fully hired, with nine total employees for this season. Shifts began on Memorial Day weekend and by the end of June daily shifts will occur. Staff reported on the 4 Page 2 of 3 location for the stationary kiosk, which as been located at the D&SNGRR depot for several years. D&SNGRR asked that BID look for a new location to store the kiosk, but BID staff were not able to find one so the D&SNGRR agreed to let BID store it there for one more year. The door count from Durango Welcome Center through April 2026, which showed an 81% increase from the same four months in 2025. Tim reported on Downtown and North Main District Clean Day events, both held in late May. In Downtown, approximately 60 volunteers removed 415 pounds of trash. In the North Main District, approximately 35 volunteers removed 375 pounds of trash. Both clean day events need better volunteer recruitment in the future. The board suggested placing notice at local hotels for visitors to assist, offering a photo opp for teams, add some type of competition, and maybe award a traveling trophy (golden trash can). 97 flower barrels were placed around Downtown due to Tanya’s work in finding host businesses. Executive Director Report Tim provided a brief summary of the 10 City of Durango meetings he monitored over the past month. He then updated the board on several advocacy efforts, including the City’s concept for a Recovery and Resiliency Fund, a parking and wayfinding signage plan committee he will join soon, new City codes for temporary signs, updates to the City’s process for events to request a street closure in Downtown, the Buckley Park Master Plan process, concerns from Town Plaza about parking especially during busy times in Downtown, and potential street closures for Noel Night. Tim began a discussion that will continue over the next three board meetings on BID’s 2027 budget. The board asked that Tim increase BID’s mill levy revenues by about $3,000 instead of his initial estimate of $4,000 to $5,000. For expenses, the board asked staff to budget more for the Singing With Sant event to hire a company to produce better sound and to afford more hot chocolate for attendees. Funds should also be included for North Main beautification and placemaking efforts, as well as funds to make Downtown look better during the holidays with more decorations and lights. The meeting was adjourned at 10:05 am. 5 Page 3 of 3 Board Chair Report Board Chair Report – Sharon Taylor July 14, 2026 BID Board Meeting DOWNTOWN’S NEXT STEP Sharon and Tim have received and reviewed the 90% design drawings for Downtown’s Next Step. Unlike previous versions, these are more technical documents and are thus harder to read and interpret. For example, BID needs to be able to analyze the following key pieces: • Number of parking spaces on each block • The length, location and nighttime uses of loading zones • How will any new public areas be maintained, including watering of plants and cleaning, and how will loitering be addressed BID is waiting for the City to provide simplified drawings, and also to hear about cost estimates for the project. It is expected that this project will be very expensive, and thus it might be hard for the City to find funding for it. If this project does reach construction, or when the City begins work to replace water, sewer and stormwater lines, BID will advocate for a robust communication program to be included both for customers and for businesses. Business owners will need 18 to 24 months to prepare for lengthy disruptions and closures. The contractor should be required to have a communications expert on its team. If the City is able to establish a resiliency and recovery fund for businesses impacted by planned City construction projects, an initial estimate for this project is $125,000 per block which would allow for grants of $5,000 to 25 businesses. DURANGO FARMERS MARKET SECOND SATURDAY ON MAIN The third of six Durango Farmers Markets on Main Avenue will occur on July 11. BID staff will communicate with Downtown businesses to remind them of the event, the street and parking closures, and the ability to hold a sidewalk sale. DURANGO RENEWAL PARTNERSHIP URA REPORT Geoff will be asked to provide a report on URA activities that are relevant for BID. 6 Page 1 of 1 Approval of May 2026 Financial Statements BID Board Treasurer Report for July 14, 2026 Meeting May 2026 Financial Statements Balance Sheet • Total assets are 2% more than May 2025 (+$5,700) • Total liabilities are $8,300 compared to $6,800 one year ago • Year-to-date net income is $88,700 compared to $73,600 in May 2025 • Total equity is $4,250 more than one year ago • Reserves account balances o 3 Months Operating: $50,700 parked at Bank of Colorado savings account while investment options are being explored o Special Projects: $42,928 at Bank of Colorado in a savings account; $41,678 one year ago. o Interest on savings account at Bank of Colorado: $107 o Election: $0, moved to Special Projects in 2024 o TOTAL - $93,734. Reserves total one year ago was $90,445. Increase of 3.6%. Profit and Loss Statement Income • 109% of year-to-date budget o Mill levy – 109% of year-to-date budget o Events – $0 budgeted year-to-date, but $3,000 received as a late payment on a grant for 2025 Singing With Santa event o Rewards Program – $0 budgeted year-to-date o Ambassador Program – $5,000 budgeted year-to-date but invoice not sent until June o Heart of Durango Dollars – $1,000 budgeted year-to-date, $4,500 received from unbudgeted sponsorships for Love Locals Week o Other income – 73.5% of year-to-date budget (difference of only $221) Expenses • 99% of year-to-date budget o Personnel and Related – 99.5% of year-to-date budget o Administration and Operations – 93% of year-to-date budget o Events – $1,500 budgeted year-to-date but no actual expenses yet o Marketing and Communications – 104% of year-to-date budget o Visitor Information and Beautification – 117% of year-to-date budget, due to overspending/underbudgeting for early season Ambassador Program expenses in amount of $1,450 Net Income • May budget is $68,510, and actual is $88,680 7 Page 1 of 3  Durango Business Improvement District Balance Sheet Prev Year Comparison As of May 31, 2026 TOTAL AS OF MAY 31, 2026 AS OF MAY 31, 2025 (PY) CHANGE % CHANGE ASSETS Current Assets Bank Accounts 1000 TBK Bank Operating Acct 230,726.06 228,124.61 2,601.45 1.14 % 1009 Petty Cash 30.00 30.00 0.00 0.00 % 1010 Bank of CO-Special Projects Interest 107.02 85.83 21.19 24.69 % 1013 Bank of CO - Special Projects Reserves 42,928.45 41,678.45 1,250.00 3.00 % Total 1010 Bank of CO-Special Projects Interest 43,035.47 41,764.28 1,271.19 3.04 % Total Bank Accounts $273,791.53 $269,918.89 $3,872.64 1.43 % Other Current Assets 1250 First SW Bank CD Interest 0.00 3,838.23 -3,838.23 -100.00 % 1251 First SW Bank CD Operating Reserves 0.00 45,000.00 -45,000.00 -100.00 % 1253 CD Special Projects Reserves 50,698.38 0.00 50,698.38 Total 1250 First SW Bank CD Interest 50,698.38 48,838.23 1,860.15 3.81 % Total Other Current Assets $50,698.38 $48,838.23 $1,860.15 3.81 % Total Current Assets $324,489.91 $318,757.12 $5,732.79 1.80 % Fixed Assets 1200 Capital Equipment 6,456.40 6,456.40 0.00 0.00 % 1201 Accumulated Depreciation -6,456.38 -6,456.38 0.00 0.00 % Total Fixed Assets $0.02 $0.02 $0.00 0.00 % Other Assets 1700 Deposits Held 500.00 500.00 0.00 0.00 % Total Other Assets $500.00 $500.00 $0.00 0.00 % TOTAL ASSETS $324,989.93 $319,257.14 $5,732.79 1.80 % LIABILITIES AND EQUITY Liabilities Current Liabilities Accounts Payable 2000 Accounts Payable 8,176.53 6,690.56 1,485.97 22.21 % Total Accounts Payable $8,176.53 $6,690.56 $1,485.97 22.21 % Other Current Liabilities 2140 CO Secure Savin 130.11 136.20 -6.09 -4.47 % Total Other Current Liabilities $130.11 $136.20 $ -6.09 -4.47 % Total Current Liabilities $8,306.64 $6,826.76 $1,479.88 21.68 % Total Liabilities $8,306.64 $6,826.76 $1,479.88 21.68 % Equity 3100 Retained Earnings 228,003.02 238,803.24 -10,800.22 -4.52 % Net Income 88,680.27 73,627.14 15,053.13 20.45 % Total Equity $316,683.29 $312,430.38 $4,252.91 1.36 % TOTAL LIABILITIES AND EQUITY $324,989.93 $319,257.14 $5,732.79 1.80 % 8 Page 2 of 3 Accrual Basis Tuesday, June 23, 2026 03:11 PM GMT-06:00 1/1  Durango Business Improvement District Profit and Loss Statement January - May 2026 May Actual May Budget YTD Actual YTD Budget Annual Budget % YTD Budget INCOME 4000 Mill-Levy Income 96,617.98 77,000.00 215,627.00 198,000.00 317,700.00 108.9% 4050 Event Income 4051 San Juan Brewfest 0.00 0.00 0.00 8,500.00 4054 Singing with Santa 0.00 3,000.00 0.00 5,000.00 4059 Children's Halloween Income 0.00 0.00 0.00 1,500.00 Total 4050 Event Income $ 0.00 $ 0.00 $ 3,000.00 $ 0.00 $ 15,000.00 4058 Rewards Program Income 0.00 0.00 0.00 7,500.00 4080 Ambassador Program Income 5,000.00 0.00 5,000.00 5,000.00 0.0% 4085 Heart of Durango Dollars 0.00 4,500.00 1,000.00 2,500.00 450.0% 4099 Other Income -67.26 170.00 614.08 835.00 2,000.00 73.5% TOTAL INCOME $96,550.72 $82,170.00 $ 223,741.08 $ 204,835.00 $ 349,700.00 109.2% EXPENSES Total 701 PERSONNEL & RELATED $16,159.30 $16,002.49 $ 80,249.20 $ 80,642.45 $ 194,030.00 99.5% Total 702/3 ADMINISTRATION & OPERATIONS $ 5,253.44 $ 2,321.69 $ 22,519.61 $ 24,217.18 $ 47,202.00 93.0% Total 704 EVENTS. $ 0.00 $ 1,500.00 $ 0.00 $ 1,500.00 $ 15,500.00 0.0% Total 705/6 MARKETING & COMMUNICATIONS $13,460.19 $15,551.83 $ 22,481.75 $ 21,609.15 $ 49,372.00 104.0% Total 707 VISITOR INFO & BEAUTIFICATION $ 4,950.00 $ 3,341.26 $ 9,810.25 $ 8,356.30 $ 43,596.00 117.4% Total Expenses $39,822.93 $38,717.27 $ 135,060.81 $ 136,325.08 $ 349,700.00 99.1% Net Income $56,727.79 $43,452.73 $ 88,680.27 $ 68,509.92 $ 0.00 129.4% Tuesday, Jun 23, 2026 02:12:09 PM GMT-7 - Accrual Basis 9 Page 3 of 3 Marketing, Communications and Events Report Marketing, Communications and Events Report – Tanya Clegg July 14, 2026 BID Board Meeting MARKETING Heart of Durango Dollars Digital Gift Card • 114 businesses accept BID’s gift card • 69 retail, 35 food and drink, 3 entertainment, 5 health and wellness, 2 hospitality Total number of cards in the community as of July 6, 2026: Heart of Durango Dollars digital gift cards have been issued through BID’s 2024 Holiday Rewards Program, 2025 Spring Rewards Program, NoMAD ~ North Main Autumn Days 2024 and 2025, 2025 Holiday Rewards Program, and Love Locals Week. The public can purchase them from the BID’s website. The City of Durango is also offering BID’s gift cards as prizes for the Way to Go Club. Visit Durango has offered a BID gift card as part of its Stay 3 Days promotion. Source Total # Cards Value BID’s Promotions 978 $61,710 City of Durango Way to Go Club 71 $4,525 Visit Durango Stay 3 Days promotion 545 $53,900 Purchased from BID’s website 356 $27,085 TOTAL 1,950 $147,220 Redemption report from all the sources listed above as of July 6, 2026: Total number of purchases using BID’s gift card: 2,464 Number of businesses with at least one purchase: 103 Total amount spent: $105,194 (71% redemption rate) COMMUNICATIONS BID’s next Coffee & Conversation meeting – No Meeting in July. The Next meeting will be on August 14. EVENTS Four Days for the Fourth BID board will be asked to discuss their observations of the activities over the holiday weekend 2026 BID event dates • San Juan Brewfest - Friday, August 28 and Saturday, August 29 o 38 breweries have committed to pouring and three bands have been booked. A social media coordinator has been hired to manage the event’s Facebook and Instagram pages. Key suppliers have been contacted and have committed to supporting the event again. Tickets went on sale June 1 and are on pace with last year’s sales • Downtown Balloon Glow - Friday, October 16 and Saturday, October 17 • Downtown Children’s Halloween - Saturday, October 31 o Staff is working on a $1,500 sponsorship request for this event • Singing with Santa - Friday, November 27 o Staff is working on a title sponsor request for $5,000,and then will attempt to obtain a second sponsor at $2,500 and a third at $1,000. o Staff will also improve the sound for attendees and will plan to have more hot chocolate available. 10 Page 1 of 1 Visitor Information and Beautification Report Visitor Information and Beautification Report – Tanya Clegg and Tim Walsworth July 14, 2026 BID Board Meeting VISITOR INFORMATION Ambassador Program Please see the Ambassador Program June report on the next page. The shifts are down from the previous year due to the delay in getting the stationary kiosk installed at the D&SNGRR Depot. The delay resulted in 12 fewer shifts, about 50 fewer hours worked, and about 500 fewer interactions. There have also been some changes to the staff which caused adjustments to the number of shifts, hours worked and interactions. Durango Welcome Center (DWC) 2026 Door Count Month Door Count Avg Per Day Inc/Dec vs 2025 Jan-26 2,037 66 +58% Feb- 26 2,351 84 +91% March 26 4,998 161 +131% April 26 4,292 143 +50% May 26 6,314 204 +38% June 26 8,410 280 +63% YTD 28,402 157 +64% BEAUTIFICATION Downtown Flower Barrels No report this month 11 Page 1 of 2  Ambassador Report June 2026 Hours and Shifts # of Shifts Scheduled Hours Actual Hours Difference Payroll Mobile Shifts 57 142.25 137.07 -5.18 $2,577 Kiosk Shifts 12 51 53.68 2.68 $994 Trainings 12 25.5 26.08 0.58 $526 Meetings 6 9 9.72 0.72 $184 Total 227.75 226.55 -1.2 $4,280 *trainings include Lead training Ambassador Interactions All Shifts Kiosk Mobile Shift Hours Assisting Visitors 158.50 48.50 110.00 Number of Interactions 1,767 482 1,285 Average per hour 11.1 9.9 11.7 Referrals 16% Restaurants 30% Maps/Directions 7% Outdoor Activities/Things to do 11% Attractions Events 36% TOP VISITING STATES 470 301 224 184 119 51 0 TOP VISITING COLORADO TEXAS NEW MEXICO ARIZONA CALIFORNIA UTAH STATES Year To Date Comparison 2026 2025 Diff # of shifts worked 69 94 25 Program hours 193.25 279.25 86 Hours interacting with guests 158.50 230.00 71.50 Interactions 1,767 2,630 863 Average interactions per hour 11.1 11.4 0.3 12 Page 2 of 2 Executive Director Report Executive Director Report – Tim Walsworth July 14, 2026 BID Board Meeting PUBLIC MEETINGS Since the BID board’s last meeting on June 9, Tim monitored 15 City of Durango public meetings: 6/8/26 Durango Renewal Partnership URA • Meeting cancelled 6/9/26 Durango Business Improvement District • BID’s April financial statements will be presented for approval o Income is 104% of year-to-date budget o Expenses are 99% of year-to-date budget o Net income is $7,000 more than year-to-date budget • From Love Locals Week, the $50 bonus cards expired 30 days after being issued. 94% of these were spent before the expired. • 113 businesses now accept BID’s Heart of Durango Dollars digital gift card. Just under 2,000 cards have been issued with a total value of $145,000. $101,000 of that value has been spent in 2,400 transactions. • BID’s Ambassador program has started with nine Ambassadors hired for this season. • Downtown and North Main District Clean Day events were held in May and both were successful. • 97 flower barrels have been placed around Downtown for the summer months. • City of Durango staff are updating the process used by event organizers to inform businesses of events with street closures and to obtain their input. • A master plan for Buckley Park is being created, with an initial input meeting being held on June 15. • Town Plaza continues to experience parking concerns, especially when people come to Downtown for events park there for long periods of time. • BID board will hold a brief, high level discussion on BID’s 2027 budget. 6/10/26 Historic Preservation Board • Nothing relevant for BID 6/16/26 City Council Regular Meeting • Presentation of 2025 City of Durango financial audit. • Public hearing about business license for Durango Beer & Ice Company 6/17/26 Business License Hearing • Low Sea & Tow DBA The Garage business license suspension and revocation hearing due to unpaid sales tax dating back to July 2025. The business owes nearly $20,000 to the City from sales tax collections. 6/18/26 City Council Special Meeting • Interviews for Municipal Judge 13 Page 1 of 6 6/18/26 Durango La Plata Airport Commission • Terminal expansion going well and on track, with new TSA screening checkpoint opened • Reviewing 5-year capital improvement projects • Activity Report: o Enplanements – up 15.5% for May, up 12.1% year to date o Deplanements – up 15.2% for May, up 12.0% year to date o Total passengers – up 15.3% for May, up 12.1% year to date o Outbound seat capacity – up 27.5% for May, up 19.7% year to date o Load factor – 76.5% for May (84.5% one year ago), 78.1% year to date (83.3% year to date in 2025) o Cancellations – 1 in May (3 one year ago), 27 year to date (26 year to date in 2025). o Cancellation rate – 0.2% in May (0.9% one year ago), 1.4% year to date (1.6% year to date in 2025) 6/18/26 Community Development Study Session • 1304 Main Avenue redevelopment plan review 6/22/26 Community Development Commission • Staff asked the commission to continue its review of 1304 Main Avenue redevelopment plan to the July 27 Community Development Commission meeting to address a parking plan for the development. 6/24/26 Historic Preservation Board • Reviewing plans for improvements to 992 Main Avenue building, including painting, windows and stonework repair. • Reviewing plans for improvements to 1211 Main Avenue building, which are to replace the upstairs awnings. • Report from City of Durango Community Development Director on the new City Hall and Police Station project • Report on updates and improvements at the Powerhouse from the Powerhouse Executive Director 6/29/26 City Council Special Meeting • Appointment of new Municipal Court Judge • Voting on entering Stage 2 Fire Restrictions 7/7/26 City Council Study Session • A summary of grants through the Prosperity Office will be presented, to include updates on Lodgers Tax Arts and Culture grants, Lodgers Tax Local Events Marketing grants, and Re:New grants. • Mid-year report from Durango Creative District • Reviewing options for City of Durango and Durango Fire Protection District. The current contract between the two entities calls for DFPD to provide services to the City of Durango through 2028. Future options include the City being annexed into DFPD, the City creating its own city owned fire department, or continuing the contract relationship. 14 Page 2 of 6 7/7/26 City Council Regular Meeting • Council will review Lodgers’ Tax Local Event Marketing Grants recommendations, which include the following that occur in the District boundaries or are beneficial to BID businesses: o Noel Night o Four Corners Gem and Mineral Show o Apple Days o Festival of Trees and Wreaths o Autumn Arts Festival o San Juan Brewfest o First Fridays o Durango Oktoberfest o The Style Gathering • Council will also review Lodgers’ Tax Arts and Culture Grants recommendations, which include the following that occur in the District boundaries or are beneficial to BID businesses: o New sculpture at Durango Botanic Gardens o Music in the Mountains free concerts o Durango Dance scholarships and ADA ramp • Council will review two Re:New Grant recommendations, including funding for a new business at 2075 Main Avenue, The Pub. Funding will assist with building revitalization, signage enhancement and streetscape beautification. • Vote on a new entertainment liquor license for a new business upstairs in the Main Mall – The Mahjong Club. • Continuation of a public hearing from June 16, 2026 regarding liquor licenses held by High Trestle Brewing Company, dba Durango Beer & Ice Company. 7/8/26 Historic Preservation Board • Nothing relevant for BID 7/9/26 Financial Advisory Board • Reviewing proposed 2027 to 2031 Capital Improvement Projects from 2015 half cent sales tax for multimodal and parks projects and open space and trails projects. Projects of interest to BID include: o MidTown Safety and Connectivity – design this year in 2026, construction in 2028 o North Main ADA Improvements – design this year in 2026, construction in 2027 o Camino Crossing – design this year in 2026, construction in 2029 o Buckley Park Redevelopment – construction in 2029 • Review of how funds were used for parking from sale of portion of D&SNGRR parking lot the City used to own. ADVOCACY Camino Crossing Committee No meetings held in the past month 15 Page 3 of 6 Supporting Resiliency and Recovery Fund BID, Local First and Durango Chamber of Commerce directors met with City Council member Dave Woodruff and with City of Durango staff Tommy Crosby to discuss how the three organizations might assist the City in creating this type of fund. Those discussions led to two components of a fund. The first would be for planned City of Durango construction projects to help mitigate lost revenue through grants to impacted businesses. The second component would be for times when a business is harmed through no fault of its own due to a City project. BID, Chamber and Local First will continue to work with City staff to advance these concepts into more concrete plans. Parking and Wayfinding Signage Plan Tim accepted an invitation to serve on a City of Durango planning team to create a new signage plan for Downtown parking and wayfinding. This team will begin meeting in August or September. Buckley Park Master Plan Due to jury duty, Tim was unable to attend the first public engagement meeting the City organized to kick off a new master planning process for Buckley Park. However, Tanya and other BID board members did attend. 2027 BUDGET DISCUSSION The BID board is asked to provide input to staff on the first draft of BID’s 2027 budget. • 2027 Budget Objectives o To create a balanced budget to continue most of BID’s existing programs and to afford new programs that the board approves. • Challenges and unknowns o BID will not receive an estimate of property values from the County Assessor until August, and these values are not finalized until December. Property values determine how much mill levy revenues BID will receive in 2027, which are just over 90% of BID’s revenues. BID’s 2027 budget is due to the City of Durango by September 15. o Mill levy revenues generally increase every year, but the Assessor re-evaluates property values every two years. 2027 is an in-between year for re-evaluating property values, meaning revenues will probably be relatively flat. o The two new hotels on E. 2nd Avenue should create a somewhat significant increase in BID’s mill levy revenues of $3,000 to $5,000. o A safe estimate for budgeting for BID’s primary revenue source for 2027 is $3,000 in additional mill levy revenue. • See next page for version 1 of BID’s 2027 budget 16 Page 4 of 6  X0AO 2026 2027 Budget Budget V1 Income 4000 · Mill-Levy Income $317,700 $321,000 4050 · Event Income 4051 · San Juan Brewfest $8,500 $8,500 4054 · Singing with Santa $5,000 $5,000 4059 · Children's Halloween Income $1,500 $1,500 Total 4050 · Event Income $15,000 $15,000 4058 · Rewards Program $7,500 $0 40xx ·Love Locals Week Income $0 $7,500 4080 · Ambassador Program Income $5,000 $5,000 4085 · Heart of Durango Dollars $2,500 $0 4099 · Other Income $2,000 $2,000 Total Income $349,700 $350,500 Expense 701 · PERSONNEL &RELATED 701.1 · Exec Director Payroll $91,178 $91,178 701.2 · Exec Director Wellness Benefit $7,426 $7,426 701.3 · Dir of Mkt and Comm Payroll $64,000 $64,000 701.4 · DMKTWelness Benefit $7,426 $7,426 701.8 · new employee/intern $2,500 $2,500 701.5 · Payroll Taxes $14,500 $14,500 701.6 · Bookkeeper $2,250 $2,250 701.7 · Communications Consultant $4,750 $6,000 Total 701 · PERSONNEL &RELATED $194,030 $195,280 702/3 · ADMINISTRATION &OPERATIONS 702.1 · Payroll Dept &Bank Fees $3,500 $4,000 702.2 · Parking Passes $1,000 $1,000 702.3 · Professional Development $3,000 $3,000 702.5 · Meeting Expense $600 $600 702.6 · Rent Office $8,064 $8,306 702.7 · Storage Unit $2,010 $2,010 702.8 · Cell Phone Pmts $50 PT/$100 FT $3,000 $3,000 702.9 · Recycling Utility $168 $168 703.1 · Computer Hardware/Software $8,600 $5,000 703.2 · Insurance $6,000 $6,500 703.3 · Dues &Subscriptions $6,000 $6,000 17 Page 5 of 6  703.4 · Office Supplies $4,000 $4,000 703.6 · Cleaning &Janitorial $1,260 $1,260 Total 702/3 · ADMINISTRATION &OPERATIONS $47,202 $44,844 704 · EVENTS 704.3 · Children's Halloween $2,500 $3,000 704.4 · Singing with Santa $9,000 $10,000 704.6 · Downtown Balloon Glow $1,000 $1,500 704.7 · San Juan Brewfest $0 $0 704.x · Events Seed Money $3,000 $0 Total 704 · EVENTS $15,500 $14,500 705/6 · MARKETING &COMMUNICATIONS 705.3 · Website Development $3,000 $3,400 705.5 · Graphic Design $2,500 $2,500 705.8 · Internet Advertising $750 $750 706.1 · North Main Advertising $5,000 $7,000 706.3 · Marketing Other $2,000 $2,000 706.4 · Directory Signs &Brochures $8,250 $9,000 706.x · Rewards Program $15,000 $0 706.7 · Love Locals Week $0 $25,000 706.10 Videos $1,672 $0 706.11 Annual Report Printing $0 $0 706.12 Seasonal Event Promotion $1,500 $2,000 706.9 · HeartOfDurango.com promotion $3,000 $2,000 706.8 · Heart Of Durango Dollars $5,700 $1,000 706.13 Sponsor - July 4 $500 $500 706.14 Sponsor - Noel Night $500 $500 Total 705/6 · MARKETING &COMMUNICATIONS $49,372 $55,650 707 · VISITOR INFO &BEAUTIFICATION 707.1 · Ambassador Program $30,000 $25,000 707.6 · Downtown &N Main Clean Day $300 $1,500 707.8 · Durango 101 $0 $0 707.7 · DWC Rent &Other $13,296 $13,695 Total 707 · VISITOR INFO &BEAUTIFICATION $43,596 $40,195 Total Expense $349,700 $350,469 Net Income $0 $31 18 Page 6 of 6