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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 In2021
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: $697,262
Reimbursement / offset: $0
Net revenue loss: $697,262
Type of loss: Active
Additional notes on dislosureAt December 31, 2021, the city had development incentive agreements with the developers of Pacific Ocean Marketplace Aurora and Aurora Crossing. Total potential allocable revenue which is solely and exclusively payable from the incremental revenues collected on the project is $2,348,349 and paid to date is $697,262.
Document sourcehttps://www.auroragov.org/cms/One.aspx?portalId=16242704&pageId=16401536...