(Feb. 2) – A bill sponsored by Rep. Ed Vigil, D-Alamosa, to give more flexibility to provide activities in support of business recruitment, management, and development passed the House 51-13 on third reading this morning. HB16-1011 removes an arbitrary minimum cap and gives metropolitan districts more freedom to provide support for business development.
“This is a good bill for businesses and gives metro districts the opportunity to contact businesses, have conversations, and create their own opportunities through whatever means they need to entice businesses to Colorado,” said Rep. Vigil. “Pueblo West is a good example of one of those districts that will benefit from this.”
Under current law, the board of a metropolitan district has the power to provide activities in support of business recruitment, management, and development within the district if the valuation assessment of the commercial property within the district is more than $1.25 billion. HB16-1011 removes that arbitrary minimum to allow for more local support of business activities.
A metropolitan district is a type of special district that provides at least two of the following services: fire protection, mosquito control, parks and recreation, or safety protection.
The 51-13 vote sends the bill to the Senate.