Weld schools approve use of tax revenue for Firestone improvements
The agreement was struck in anticipation that the Northern Firestone Urban Renewal Plan Area will ultimately be created.
Whenever a new Urban Renewal Area is created, taxing entities within that area must give their approval for their tax revenues to be used as a part of tax-increment financing.
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This agreement also relates to a property located both within the Town of Firestone and the school district, requiring the developer of new homes on the property to pay a fee to assist the district in the development of public school sites.
“Firestone has worked hard to establish positive working relationships with local jurisdictions,´ said Firestone mayor Chad Auer. “None of these relationships are more important than with school districts.”
The agreement was struck in anticipation that the Northern Firestone Urban Renewal Plan Area will ultimately be created.
Whenever a new Urban Renewal Area is created, taxing entities within that area must give their approval for their tax revenues to be used as a part of tax-increment financing.
This agreement also relates to a property located both within the Town of Firestone and the school district, requiring the developer of new homes…
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