FINANCIAL_SERVICESPENDING

Winter Park Urban Renewal Authority Meeting Agenda Packet April 2026

Grand County, URA set 25-year TIF revenue sharing

Estimated $11,920,000 in sales tax increment over 25 years; property tax increment based on 13.165 mills retained by URATown of Winter ParkBOARD OF COUNTY COMMISSIONERS OF THE COUNTY OF GRAND COLORADOApril 21, 2026

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Description

The Winter Park Urban Renewal Authority proposes Resolution 22 to approve a Tax Increment Revenue Agreement with the Grand County Board of County Commissioners, granting the Authority 100% of designated County property tax increment and 40% of incremental 1.3% sales tax in the plan area for 25 years. These revenues, estimated to include $11.9 million in sales tax increment, will fund public improvements and support bond financing for the urban renewal project.

Contract Details

Contract Amount

Estimated $11,920,000 in sales tax increment over 25 years; property tax increment based on 13.165 mills retained by URA

Vendor

BOARD OF COUNTY COMMISSIONERS OF THE COUNTY OF GRAND COLORADO

Agency

Town of Winter Park, CO

Contract Type

FINANCIAL_SERVICES

Document Date

April 21, 2026

Contract Term

25-year TIF period based on 2025 base year; last TIF year 2050

Renewal Date

2050-12-31

Renewal Info

Agreement spans the 25-year TIF duration; Authority may terminate upon termination of the plan or its TIF component, or upon payment in full of bonds and other obligations secured by the tax and sales tax increments.

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