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Tax Break Tracker Individual Entry

Each individual entry is a single program reported by a single jurisdiction in a given fiscal year. Because we want to track the level and quality of disclosure as well as the content, the values below -- with the exception of program names -- are entered exactly as they are reported. See our user guide for more explanations.

Effected JurisdictionCity of Aurora
Jurisdiction type: Municipality
Fiscal year ending In2020
Program nameVarious Tax Incentive Agreements
Program purpose: Retail development
Statutory authority: City Council Ordinance
Abating jurisdiction(s): City of Aurora
Applicable taxesUse Tax; Sales Tax; Personal Property Tax
Method of abatement: Abatement
Provisions for recapture: (not specified)
Gross revenue loss: $541,044
Reimbursement / offset: $0
Net revenue loss: $541,044
Type of loss: Active
Additional notes on dislosureAt December 31, 2020, the city had development incentive agreements with the developers of Pacific Ocean Marketplace Aurora and Aurora Crossing. Total potential allocable revenue is $2,348,349 and paid to date is $541,044.
Document sourcehttps://www.auroragov.org/cms/One.aspx?portalId=16242704&pageId=16401536...