Fort Collins council backs urban renewal refinance plan
“A proposal to refinance $11 million in debt to repay the city of Fort Collins for loans it has made to the Urban Renewal Authority easily cleared the City Council on Tuesday. The bonds would…
Knezovich: City, county in a balancing act over taxes
“Throughout the years, the Colorado General Assembly has acted to backfill the revenue lost by the local school district. Given the current Larimer County mill levy of 22.321 mills and an estimated total tax levy…
Target to hire 200 for new Denver store
“The 135,000-square foot store, at the corner of East Hampden Avenue and South Tamarac Drive, is scheduled to open in July. It’s one of 11 stores the Minneapolis-based company (NYSE: TGT) is opening nationwide in…
Larimer County: Business incentives ‘a huge threat’ to budget
“The prospect of redeveloping Foothills Mall with the help of an urban renewal project might be exciting for the city of Fort Collins, but it would come at a price to other local governments. Millions…
Larimer County: Business incentives ‘a huge threat’ to budget
“The prospect of redeveloping Foothills Mall with the help of an urban renewal project might be exciting for the city of Fort Collins, but it would come at a price to other local governments. Millions…
Larimer County officials: Property tax loss would hurt county, other taxing districts
“Under the proposed Foothills Mall finance plan, Fort Collins will defer collection of half the sales taxes from the redeveloped retail center, but only for three years. That difference has county officials crying foul. “The…
Foothills Mall owners, city reach tentative deal on incentives
“City Manager Darin Atteberry and owners of Foothills Mall have reached a tentative financing agreement clearing most major hurdles for redevelopment of the nearly 40-year-old shopping center in the heart of Midtown Fort Collins. Atteberry…
Village Council approves second TIF area, $193,800 for new ambulance
“On a third reading, Sheffield Village Council unanimously approved an ordinance declaring approximately 150 undeveloped lots on or near Colorado Avenue eligible for a Tax Increment Financing (TIF) real estate tax exemption. The commercial lots…
State auditor clashes with administration, towns on tax financing program
“Earlier this month, the Shumlin administration told lawmakers they should “wipe the slate clean” for disputes over this complex municipal financing scheme, by forgiving $6 million that the state auditor says four towns owe to…
Sheffield Council OKs tax exemption
“The ordinance involves Tax Increment Financing in which property value is enhanced through infrastructure improvements paid with future taxes. If the property is developed and its value increases, the village will receive 38 percent of…