LURA–City of Longmont TIF Agreement for 1st and Main

Scope & details

The full contract record, as filed.

Contract amount

Up to $5.8 million in property tax increment over 25 years

Contract type

FINANCIAL_SERVICES

Contract term

25-year tax increment period; base year 2026, last assessment roll division 2051, last TIF year 2052

Renewal date

2052-12-31

Renewal

Agreement governs allocation of 100% of the City Increment to LURA during the Duration (25 years) or until all LURA obligations for improvements are paid, whichever occurs first, after which all City Increment reverts to the City. Future mill levy increases (Future Mill Levy) are excluded from TIF and must be remitted back to the City annually.

Document type

AgendaPacket

Source document

Longmont Urban Renewal Authority AgendaPacket 2026-07-21

Related contracts

Other contracts from City of Longmont.

View all →

Town of Frederick Board of Trustees Agenda Packet 2026-08-05

APPROVED

Town of Frederick, Colorado$5,000.00Jul 26, 2026

Longmont Urban Renewal Authority Agenda 2026-07-21

PENDING

City of Longmont, ColoradoJul 21, 2026

Boulder County Board of County Commissioners Agenda 2026-06-09

PENDING

Boulder county Housing Authority, ColoradoJun 9, 2026

Boulder County Agenda Meeting of the Board of County Commissioners 2026-06-09

APPROVED

Boulder County, ColoradoJun 9, 2026

Boulder County Parks & Open Space Advisory Committee Agenda Packet 2026-05-28

Frequently asked questions

Common questions about this contract, answered from the record.

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

City of Longmont was awarded this financial services contract by City of Longmont, as recorded on July 21, 2026. The contract value is Up to $5.8 million in property tax increment over 25 years.

How much is the City of Longmont contract with City of Longmont worth?

The City of Longmont contract with City of Longmont is valued at Up to $5.8 million in property tax increment over 25 years, 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 Longmont Urban Renewal Authority AgendaPacket 2026-07-21 (AgendaPacket), dated July 21, 2026 from City of Longmont. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does City of Longmont hold?

City of Longmont 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 City of Longmont's profile

What is City of Longmont currently buying?

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