Well, Good afternoon everyone. Welcome.
Today we have the TID board meeting
first and then we have our work session.
Today is Monday, January 12th, 2026.
It's approximately 100 p.m. I am Mayor
Eric Enriquez. Uh we will start with a
moment of silence for the brave men and
women of the United States Armed Forces
as they protect our interests around the
globe as well as our courageous men and
women of the Los Cusus Police and Fire
Department that keep our city safe 247.
Please join me in the pledge.
I pledge allegiance to the flag of the
United States of America and to the
republic for which it stands, one nation
under God, indivisible, with liberty and
justice for all.
So the first item is 2.1 approval of the
minutes from August 11th, 2025, the tax
increment development district board
meeting.
Move to approve.
Second.
This is on the motion to approve the
minutes from the August 11, 2025 to
board meeting. Board member Mccclure.
Yes.
Board member Matise.
Yes. Board member Harris,
yes.
Board member Ben Ko,
yes.
Board member Karan,
yes.
Board member Munoz,
yes.
And chair,
yes.
Next will be 3.1, the discussion items,
financial and current project update by
Chris Favor.
Good afternoon, Mr. Chair, members of
the TID board. I am Chris Faver,
community development director. Um, and
today I will be going over some TID
projects and then at the the top I
thought I would do a quick overview of
some of the the TID background um for
the the new members as well. So right
here we have a a map of the downtown TID
district showing the boundaries and
where the the area of the of the TID
district. So it basically extends from
Picachio on the north end sort of down
behind the school uh building over there
past Del Po and runs along Compost
Street on the east and then down uh to
Alamita on the west side. That's the the
main district.
Uh so a quick overview of what the TID
is. uh it was formed under the state of
New Mexico's tax increment for
development act and it's really a
funding mechanism for local investments
in infrastructure operations um and
infrastructure maintenance. Um what
happens is revenues that are generated
uh increases of GRT and property taxes
uh go back into the TID and um it's
reinvested within the boundaries of of
the the TID. So when the TID was
created, they set a baseline for what
those property and GRT taxes are. And
now 70 75 cents or 75% of every dollar
that's collected over the baseline goes
back into the TID uh for reinvestment
into projects where 20 that remaining
25% goes back into just general property
taxes and GRT. And if for some reason
there are no revenues that are collected
um it does not exceed the baseline then
that there are no additional funds that
go into the TID at that time.
So showing um FY26 revenues year-to date
starting in July. Um and on the chart
here you can see I've got FY25 and 26 up
there. We are pretty steady, pretty
consistent. We did see um a pretty
substantial change in TID revenues. uh
in about 2020. Uh that sort of
corresponds with some of the changes in
GRT that the state made. Um and so we're
consistently generating somewhere
between $4 and $500,000 uh on a monthly
basis. And just note that these numbers
aren't the numbers that were um
generated during that month. Those were
the numbers that are reported from the
state to the city uh relative to that
month. So for example, December
information [clears throat] is probably
uh an extension of of October and
November.
Doing a an annual TID revenue for the
last few fiscal years. You can see
starting in 2022 for you know 4.1
million and then you know 6.4 6.4 6
million and then right on this year
we're right on track to sort of meet
that $6 million a year um in revenue. So
been holding pretty consistent, pretty
steady, pretty good revenues for the
city to work with um on a yearly basis.
So the TID is comprised with three
different funds. 2815 is the revenue and
operation funds. Fund 4270 is for
capital projects where the bulk of this
money sits right now and 4271 is
specific to bond projects related to
streets. So right now we have about $27
million in the TID. I will say that
about 8 to 10 million of that is
encumbered for current projects which we
will go into some of the major ones
right now. So we have about roughly $17
million in the TID that is not
encumbered and that can be used for for
future projects that the board decides
to allocate funding for.
So, we'll go through some of the the
larger projects that we have and then
just know that there's a series of
smaller projects, whether it's small
building maintenance or something on the
plaza or things of that nature that kind
of comprise some additional things. But
by and large, the projects that we'll
talk about today are the major ones that
the TID is funding. So, in all the
little kayakas that we have along Main
Street, we are going to be putting in
some shade structures. Um, if you've
ever walked down there, you can see that
there's those big kind of steel poles
and all the kaiittas. When when the when
those kaiitas were were put in, they
didn't have all the funding to complete
the shade uh portion of it. So, some of
the structures um the the the poles on
one side are always are not there. And
then the actual shade sales aren't
there. So, we'll be completing those on
all the kaittas. That should probably
start sometime after, you know, January.
And hopefully this will be done within a
year.
Another major project within the TID is
the Compost Street redesign. So the
section of Compost Street right behind
uh City Hall going from Picachio on the
north end all the way down to Lman on
the south end will be redesigned. Those
designs are about at 90%.
Construction will probably take about 14
months as soon as it does kick off. And
the idea was to make it a more
pedestrian friendly for both obviously
pedestrians and people on bicycles um
and to make it a little bit more
connected to downtown. Right now what we
hear a lot from the community is that it
sort of feels like a barrier between
downtown and the historic neighborhood.
The idea is to redesign this street so
that there's more connectivity and it
feels like it's all part of one one area
from a design standpoint.
One of the big projects going on right
now is the update of the downtown master
plan. So, we are in our third uh update
at this point, there was one in '08 and
then 16. And so, what we wanted to do
with this third one was now that we're
generating a lot of revenue from TID and
a lot of those major projects that the
TID was actually set up to complete like
the the one the two-way conversion
downtown and the plaza and some of those
uh larger projects. Now that they've
been done and we have some other new
revenues coming in, what sort of things
should we be looking at, you know, over
the life of the TID, which is probably
somewhere around 2032.
What are some of those major projects
that we would like to tackle with the
remaining funds? So, phase three should
give us some of those ideas on on what
we've done and where we can go, looking
at things like parking lot
redevelopment, mixeduse development,
those types of things. So, this will be
real exciting. We've um we kicked off
with a sharet back in November.
Uh and we're expecting to see a draft of
this plan sometime this month and then
we'll be coming back for a work session
for you to to to read the plan and
discuss it and then come back with
adoption of that plan at a point later
on in the spring.
The Amodore Hotel is another one of the
large projects that the TID has been
funding over the last few years. We have
been putting money every year to uh
restoration of the exterior uh of the of
the of the property. Um a couple of the
walls are done and they're expecting to
see um you know completion within the
next couple of years. Um the idea is
that once we get to a certain point uh
have it listed on the on the national
historic registry. Their nomination was
submitted but it was rejected early on.
and they still need to see more work um
completed before they will actually um
uh approve that designation.
The Brandan Cultural Center, there's
money coming out of the TID to do some
exterior remodeling, renovations, uh
stucco, repainting, things of that
nature. And so you can see from this
photo that there's some areas that that
really could use use some repairs. And
so they've got funds set aside to help
uh work with quality of life on those.
Some of that is reglazing and repairing
windows, many of which are actually
stained glass.
Uh and then the big project uh downtown
uh that the tin is TID is helping to
support is the design of the Brandan
Library. So we put money from the TID
into that design. The design is near
complete. um developed documents are
about 75% and they expect to have about
100% by midFebruary and it's going to
include you know an atrium a bookstore
for the friends of the library and
expanded youth services when the library
is all done and for those of you that
haven't seen a rendering this is a
rendering from quality of life of what
the library would look like when it is
all completed
so I know I threw a lot of information
at you happy to stand for questions on
any of those projects or anything else
related to the TID. Thank you.
Thank you, Chris. Uh, any questions? Uh,
councelor Karen, even though you're
wearing the Franco Harris, but
thanks.
Um,
[clears throat]
uh, I feel like the Amador Hotel needs
an immaculate reception, but I'm curious
if you can talk about a little bit
about, um, the National Registry
conversation. I know that that has been
a big part of of how we pay for the the
Emodor refurbishing. Uh, [clears throat]
I'm I I I know I'm sort of putting you
on the spot. I know this isn't your
necessarily area, but I I'm curious if
if you can talk a little bit about you
said maybe things on the exterior could
could drive it to get on the national
registry, but I'd love to hear more
about what that looks like, what the
investment would be to make it eligible,
more more eligible um potentially
uh than than it is if it was rejected
now because I know that leveraging funds
related to that is something that we
need to do before if we can get we can't
complete it without uh significant
external investment I think um is my my
understanding of where we are with
Amador Hotel but I'm hoping maybe you
can talk a little bit about that.
Sure Mr. Chair, board member Karan I
I'll tell you what I know and then and
then um Carol Bray from Quality of Life
can sort of fill in any of the the
spots. So we have been funding the
exterior renovations from the TID. It's
my understanding that probably more work
on the interior needs to be done to sort
of reach that designation at the federal
level. Um the funding on the interior is
is another substantial project, probably
somewhere in the neighborhood of $12
million just for the inside. Um and so
we've been continuously using those TID
funds to get the exterior of it
renovated. The idea is that if it does
get fed federal designation, then it
would open the door to a lot more
different level of grant funding that
could be used to complete the interior
uh of that facility for sure. So that
that designation will be key in the
future of of any renovations. And Carol,
if you have anything.
Thank you, Chris. Carol Bray, director
of quality of life department. Uh Mr.
Chair and uh and board member Karan. Uh
basically I would just add that um a
couple of things. First of all um we are
getting into phase two of the exterior
renovations which should complete the
exterior which will be great. We've
applied for a $5 million grant which if
we get it from uh from the state would
allow us to start on uh phase one of the
interior which would actually allow us
to open the building to the public for
the first time. So we're very hopeful
that that might happen. Um but all of
this is moving us towards closer to the
goal of getting the getting on the
national registry as you know. Uh the
issue there was some comm
miscommunication I think with the state
historic preservation office. We thought
we were ready. They decided we were not
and so that nomination did not move
forward but both the mayor and I wrote
letters of support for that and we'll
continue to monitor that situation. So
thank you. So, I'm hearing funding 5
million into the state. We'll find out
soon about that. And 12 million would
get us started on phase phase phase one
of the interiorish or 12 million would
complete phase one of the interior.
Yeah, 12 12 million would probably
complete the interior like all of the
interior. So, we're the 5 million would
be for and and there's estimates between
8 to 12 million for for the interior.
So, um I would say that the 5 million
will allow us to complete much of the
first floor so that it will be can be
accessed by the public and then we would
still have to do the second floor.
Okay. Thank you so much. Thank you,
Council McCo.
Thanks, Chris, uh for your presentation.
I don't know if you're taking requests
at this time, but since I've um come to
you uh directly with a concern raised by
some um folks who work alongside Main
Street, I thought I'd bring it up
publicly as well regarding the parking
lot that run I'm so sorry. I don't know
the number of the parking lot behind
right here behind the spa downtown that
goes all the way to
the end of that street.
Do you know what I'm talking? You know
exactly what I'm talking about, right?
Uh anyway, the parking lot that is uh
behind all of those businesses needs
work. Um I've been asked
of this by folks who work in this area.
Um and there's no lines there. It needs
to be repaved. And so I just wanted to
make sure that that is on the radar for
for the TID.
Mr. Chair, uh board member Ben Ko. Yes,
those are parking lots 9 and 10 going
from Griggs South down to Bowman. There
has been discussion about resurfacing
those. However, parking lot 9, which is
the one closest to Griggs and Water, is
a prime site for redevelopment. So, if
that's a direction we want to go, then
obviously we would not we would forego
repaving that one and just focus on
another parking lot downtown. I think
that's why we haven't moved forward with
resurfacing on that one is determining
if that will be uh a site that we'd go
after some um improvements on and
possibly do some mixeduse development on
that particular lot.
What's the timeline for that? I just
want to make sure we're being responsive
um landlords I guess if you you know if
that's what we want to call it for to
the folks that work there every day.
Sure, Mr. Chair, Councelor Bencomo. Um,
so what we were trying to do with phase
three of the downtown plan was see where
things kind of come from that point and
then the projects that were identified.
I know redevelopment of parking lots is
is kind of a key component of that. Set
those timelines based on the projects
that the board wants to move forward
with from there. So if we come to work
session in the spring and you guys adopt
that plan and part of that plan is some
renovation of those parking lots, then
we could begin that right away to move
forward with that. If the board decides
that's not one of the lots they want to
move forward with and go in a different
direction, then we can look to resurface
that parking lot and continue using it
as a parking lot. So, I think we'll know
a lot more of that once we adopt that
phase three of the master plan and get
some direction on which way the board
would like to move forward with
redevelopment.
Okay. Thank you, Chris.
All right. Seeing no other questions.
Thank you, Chris.
Thank you.
Look for a motion to adjourn.
Move to adjourn.
Second.
This is on the motion to adjourn the TID
board meeting. Board member Mccclure.
Yes.
Board member Matise,
yes.
Board member Harris,
yes.
Board member Ben Ko,
yes.
Board member Karan,
yes.
Board member Munoz,
yes. and chair.
Yes.
Yes. We'll go ahead and take a threem
minute break.