Lakewood Reinvestment Authority Agenda Packet April 2025
Jeffco Library Approves Urban Renewal Revenue Sharing
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Description
Jefferson County Library agreed to share a portion of its property tax increment revenue for 25 years to help fund The Bend @ Lakewood's public improvements under LRA’s urban renewal plan.
Contract Details
Contract Amount
Portion of property tax increment revenue (see IGA for specifics)
Vendor
JEFFERSON COUNTY LIBRARY
Agency
City of Lakewood, CO
Contract Type
FINANCIAL_SERVICES
Document Date
April 28, 2025
Contract Term
25 years (2025–2049)
Renewal Date
2049-12-31
Renewal Info
Agreement runs for 25 years or until obligations are met, as per IGA. Specific allocation formula defined in the agreement.
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