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Title:
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A bill for an ordinance approving a Fourth Amendment to Stapleton Urban Redevelopment Area Cooperation Agreement between the City and County of Denver and the Denver Urban Renewal Authority.
(FINANCE & SERVICES) Amends the Stapleton Urban Redevelopment Area Cooperation Agreement with the Denver Urban Renewal Authority (DURA), to allow for DURA to enter into a Loan Agreement for a $60 million credit facility, to be repaid from tax increment revenues at Stapleton, and if such revenues are insufficient, the lLoan payments will be made with funds in the City Retained Tax (CRT) Fund. The Committee approved filing this bill at its meeting on 11-4-14.
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