FINANCIAL_SERVICESAPPROVED

Winter Park Urban Renewal Authority AgendaPacket 2026-05-19

URA OKs TIF Revenue Agreement With River District

Capped at $2,603,600.00 in retained property tax increment revenuesTown of Winter ParkCOLORADO RIVER WATER CONSERVATION DISTRICTMay 19, 2026

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Description

The Winter Park Urban Renewal Authority approved a Tax Increment Revenue Agreement with the Colorado River Water Conservation District, allowing 100% of the district’s property tax increment from its general fund levy in the plan area to be retained by the Authority up to a $2,603,600 cap. The 25-year agreement supports financing of public improvements associated with the Winter Park Urban Renewal Plan.

Contract Details

Contract Amount

Capped at $2,603,600.00 in retained property tax increment revenues

Vendor

COLORADO RIVER WATER CONSERVATION DISTRICT

Agency

Town of Winter Park, CO

Contract Type

FINANCIAL_SERVICES

Document Date

May 19, 2026

Contract Term

25-year TIF period, base year 2025, last year of TIF receipts 2050

Renewal Date

2050-12-31

Renewal Info

Agreement runs for the 25-year duration of the TIF or until all Authority obligations secured by the increment are paid; it may terminate early upon termination of the plan and TIF component or by written notice upon plan termination. Any change to the plan boundaries or terms requires future notice and potential modification.

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