Approved - by City Council (8-0)
Item 5 - Amendment to Finance Agreement for Clear Creek Crossing
Resolution No. 23-2020 – a resolution approving the first amendment to a public finance agreement by and between the City Of Wheat Ridge, The Longs Peak Metropolitan District, and Evergreen-Clear Creek Crossing, L.L.C. An agreement was originally approved on July 9, 2018 to allow Public Improvement Fees (PIF) to support bonds for the construction of public improvements. As this project has progressed and in light of the new economic challenges caused by the COVID-19 Pandemic, Evergreen is requesting an amendment to the PIF Collecting Agent Agreement to allow for a 3.0% tax credit on service sales to capture this additional revenue source to help pay for the public infrastructure required for this project.
This is a recording of the April 27 City Council meeting.
Council Action Form ( 0.25 MB )
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