CONSTRUCTIONAPPROVED

Town of Lyons Urban Renewal Authority Special Meeting Agenda Packet January 2026

Town Approves $1.75M TIF Reimbursement for Roots to Revival Downtown Project

Maximum reimbursement obligation: $1,746,469.00Town of LyonsROOTS TO REVIVAL LLCJanuary 22, 2026

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Description

Town of Lyons Urban Renewal Authority approved a Redevelopment and Reimbursement Agreement with Roots to Revival, LLC for the redevelopment of 402 Main Street. The agreement authorizes up to $1,746,469 in reimbursement, funded through tax increment financing, for demolition, infrastructure, and public-benefit improvements under a capped maximum.

Contract Details

Contract Amount

Maximum reimbursement obligation: $1,746,469.00

Vendor

ROOTS TO REVIVAL LLC

Agency

Town of Lyons, CO

Contract Type

CONSTRUCTION

Document Date

January 22, 2026

Contract Term

Effective Date (Jan 22, 2026) until earlier of full reimbursement or December 21, 2040, with automatic termination if commencement of construction has not occurred by December 15, 2026

Renewal Date

2040-12-21

Renewal Info

Maximum reimbursement is capped. Agreement terminates if construction has not commenced by Dec 15, 2026, or automatically at the earlier of full payout or Dec 21, 2040. Term can be extended by written amendment only.