FINANCIAL_SERVICESRECOMMENDED

Jefferson County Staff Briefings and Work Sessions Agenda April 2026

County Plans Tax Increment Agreement With GURA

Jefferson CountyGOLDEN URBAN RENEWAL AUTHORITYApril 25, 2026

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Description

Jefferson County staff recommend entering into a Property Tax Increment Revenue Agreement with the Golden Urban Renewal Authority for the 17455 West 16th Avenue Urban Renewal Plan. Under the proposed terms, GURA would retain 100% of the County property tax increment from 22.478 mills in exchange for delivering at least six qualifying affordable housing units, with a 20% revenue remittance back to the County if the housing condition is not met by December 31, 2032.

Contract Details

Vendor

GOLDEN URBAN RENEWAL AUTHORITY

Agency

Jefferson County, CO

Contract Type

FINANCIAL_SERVICES

Document Date

April 25, 2026

Contract Term

Through December 31, 2032, with tax increment collection modeled through approximately 2051-2052

Renewal Date

2032-12-31

Renewal Info

Agreement contemplates full retention of County increment from 22.478 mills through December 31, 2032; if six qualifying affordable units are provided by that date, GURA continues to receive 100% of the County Increment for the remaining TIF term, otherwise 20% of the County Increment will be remitted to the County starting after December 31, 2032.

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