Fraser Downtown Development Authority Meeting Agenda May 2026
DDA Approves Fraser Valley Arts Funding Agreement
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Description
The Fraser Downtown Development Authority approved Resolution 2026-03-01 establishing a 10-year discretionary funding agreement with Fraser Valley Arts, allocating 2% of net incremental tax-increment revenues per qualifying year up to a $100,000 cumulative cap. The agreement confirms funding is subject to annual appropriation and removes a previously proposed annual cap.
Contract Details
Contract Amount
2 percent of net incremental revenues per qualifying fiscal year, cumulative cap of $100,000 over 10 years (annual $10,000 cap removed)
Vendor
FRASER VALLEY ARTS
Agency
Town of Fraser, CO
Contract Type
OTHER
Document Date
May 12, 2026
Contract Term
10 years
Renewal Info
Ten-year agreement with discretionary annual appropriations and a cumulative $100,000 cap; no automatic renewal terms are specified.
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