FINANCIAL_SERVICESAPPROVED

Winter Park Urban Renewal Authority AgendaPacket 2026-05-19

URA Approves TIF Admin Reimbursement Deal With County

Up to $100,000 over the duration of the agreementTown of Winter ParkCOUNTY OF GRAND STATE OF COLORADOMay 19, 2026

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Description

The Winter Park Urban Renewal Authority approved a TIF Reimbursement Intergovernmental Agreement with Grand County to reimburse up to $100,000 over the life of the plan for county expenses administering and remitting tax increment revenues. The agreement covers software, personnel, training, and accounting costs associated with TIF implementation.

Contract Details

Contract Amount

Up to $100,000 over the duration of the agreement

Vendor

COUNTY OF GRAND STATE OF COLORADO

Agency

Town of Winter Park, CO

Contract Type

FINANCIAL_SERVICES

Document Date

May 19, 2026

Contract Term

Effective date in 2026 through the defined term of the Urban Renewal Plan (25-year TIF period), unless terminated earlier with 60 days’ notice

Renewal Date

2050-12-31

Renewal Info

Agreement runs for the term of the Urban Renewal Plan but may be terminated by either party with 60 days’ written notice; reimbursement is subject to annual appropriation and capped at $100,000 total. Termination does not relieve the County of its statutory and separate increment agreement obligations to collect and remit TIF.

Issuing Agency