City of Broomfield Council Meeting Agenda January 2026
GLC Health Ventures Gets Tax Incentives for $30M Health Facility
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Description
Broomfield Council approved a seven-year business investment agreement with GLC Health Ventures LLC, authorizing up to $300,000 in tax reimbursements in exchange for a new $30M health facility and creation of local jobs. The agreement is matched by site improvements from the Verve Metropolitan District.
Contract Details
Contract Amount
Up to $300,000 in tax reimbursements (matching $300,000 site improvements by Metro District); $1,900,000 total estimated tax payments over 7 years
Vendor
GLC HEALTH VENTURES LLC
Agency
Town of Broomfield, MI
Contract Type
OTHER
Document Date
January 13, 2026
Contract Term
Seven years from agreement date (effectively Jan 2026–Jan 2033)
Renewal Date
2033-01-31
Renewal Info
One-time seven-year agreement, not automatically renewed; annual certifications of compliance and performance required; payments contingent on fulfillment of investment/employment metrics and Metro District match.
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