Item No. 1 - Urban Renewal Authority Tax Increment Revenue

The Wheat Ridge Urban Renewal Authority (Authority) dba Renewal Wheat Ridge (RWR) will be issuing tax-exempt bonds (Bonds) this July for various capital projects within the I-70/Kipling Corridors Urban Renewal Plan Area (Plan Area). In order for RWR to receive the highest rating and lowest interest rate on the Bonds, it is necessary for City Council to approve a Replenishment Resolution authorizing the City Manager to replenish the Reserve Fund on the Bonds, with General Fund reserves, in the event RWR does not have adequate funding to pay annual debt service on the Bonds.

This meeting will be conducted as a virtual meeting, meaning no participants will be at City Hall. Provide public comment here on Wheat Ridge Speaks until noon on June 7, 2021 by selecting the agenda item on which you want to comment. Refer to the meeting agenda and “how to” document to learn more about participating in the live meeting or to view the meeting live or later.

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Staff Memo ( 0.51 MB )

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