City Plans Fee and Tax Rebates for Greystar Project

The proposed Development Agreement with Greystar Corporation includes City fee rebates of about $963,000 and a 3 percent sales and use tax rebate estimated at $721,260. These incentives are intended to close a financial gap and enable construction of a $60 million, 166-unit active adult community on Block D-5.

Scope & details

The full contract record, as filed.

Contract amount

Estimated City Fee Rebate of $963,038; Estimated Sales & Use Tax Rebate of $721,260 (3.0%)

Contract type

FINANCIAL_SERVICES

Contract term

Rebates apply to eligible fees and taxes paid during design and construction phase of Block D-5 Project

Renewal

One-time incentive structure linked to this specific project; no automatic renewals. Rebates are contingent on project approvals, performance, and terms of the Development Agreement.

Document type

AgendaPacket

Source document

Westminster Economic Development Authority Agenda Packet 2026-06-22

Related contracts

Other contracts from Greystar Corporation.

View all →

Westminster Economic Development Authority Agenda Packet 2026-06-22

city-of-westminster-economic-development-study-session-agenda_087.pdf

PENDING

City of Westminster, ColoradoAug 18, 2025

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by City of Westminster?

Greystar Corporation was awarded this financial services contract by City of Westminster, as recorded on June 22, 2026. The contract value is Estimated City Fee Rebate of $963,038; Estimated Sales & Use Tax Rebate of $721,260 (3.0%).

How much is the Greystar Corporation contract with City of Westminster worth?

The Greystar Corporation contract with City of Westminster is valued at Estimated City Fee Rebate of $963,038; Estimated Sales & Use Tax Rebate of $721,260 (3.0%), covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a agendapacket record.

Where was this contract approved?

This contract appears in Westminster Economic Development Authority Agenda Packet 2026-06-22 (AgendaPacket), dated June 22, 2026 from City of Westminster. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Greystar Corporation hold?

Greystar Corporation may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View Greystar Corporation's profile

What is City of Westminster currently buying?

Explore City of Westminster's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

View City of Westminster's profile