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Council schedules several items for April 8 consent calendar, including Project Kokua incentives and bond issuances
Summary
City staff read multiple items into the record and recommended placing them on the April 8 consent calendar: an economic development agreement for Project Kokua, a Gold Hill North BID exclusion ordinance, two First and Main BID bond issuances, and the city council annual report.
Colorado Springs staff asked the City Council on April 1 to place a package of routine and time-sensitive items on the April 8 consent calendar, including a proposed economic development agreement for “Project Kokua,” boundary adjustments to a business improvement district, two limited-tax bond issuances for First and Main business improvement districts, and the council’s annual report to citizens.
Staff briefing and recommendation: Shauna Lippert, economic development manager, presented an overview of Project Kokua, a semiconductor design-and-software firm being recruited to the city. Lippert said the company plans a six-year capital investment projected at $9.7 million, including about $7.8 million in machinery and equipment, and would add a projected 53 new jobs over six years with an average wage above $83,000. Staff recommended a…
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