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.
State: | Colorado |
Effected Jurisdiction: | City of Aurora |
Jurisdiction type: | Municipality |
Fiscal year ending In: | 2022 |
Program name: | Tax Increment Financing (TIF) |
Program purpose: | General Economic Development |
Statutory authority: | Aurora Urban Renewal Authority |
Abating jurisdiction(s): | City of Aurora |
Applicable taxes: | Use Tax; Sales Tax; Personal Property Tax |
Method of abatement: | Tax Increment Financing (TIF) |
Provisions for recapture: | (not specified) |
Gross revenue loss: | $28,750 |
Reimbursement / offset: | $0 |
Net revenue loss: | $28,750 |
Type of loss: | Active |
Additional notes on dislosure: | Total potential future funding obligation is $223,752,939 which is solely and exclusively payable from the incremental revenues collected on the project except for one agreement that indicates the district mill levy as additional source of revenue; amount to date is $28,750. Paid to date is $70,890,456 which includes $2,359,714 designated to assist the developer and/or the district in its debt issuance directly related to the urban renewal project and for which amount does not reduce the potential future funding obligation. Two of the agreements do not have a potential future funding obligation and the paid to date amount is $161,421,616 which includes a State sales tax of $10,787,773. |
Document source: | https://www.auroragov.org/common/pages/DownloadFileByUrl.aspx?key=Ze%2b7... |