pueblo-urban-renewal-authority-property-tax-increment-revenue-agreement_7cd.pdf
TIF revenue agreement for Dillon Drive project approved
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Description
The Pueblo Urban Renewal Authority entered into a Property Tax Increment Revenue Agreement with the Lower Arkansas Valley Water Conservancy District for the Dillon Drive Urban Renewal Project. The District consents to the Authority retaining and pledging 100% of property tax increment revenues from the area for up to 25 years to support bonds and project costs.
Contract Details
Vendor
LOWER ARKANSAS VALLEY WATER CONSERVANCY DISTRICT
Agency
City of Pueblo, CO
Contract Type
OTHER
Document Date
September 17, 2025
Contract Term
Twenty-five (25) year period; last year Authority receives Property Tax Increment Revenues is from taxes payable in 2050
Renewal Date
2050-12-31
Renewal Info
Agreement duration is fixed at 25 years for receipt of property tax increment revenues, with the final year being taxes payable in 2050. Amendments are permitted only by written instrument executed by both parties; no automatic renewal is provided.
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