Severance approves second amendment to 2000 Windsor tax‑share IGA for economic development area

The Severance Town Council on April 22 voted to approve Resolution 2025‑15R, authorizing a second amendment to the intergovernmental agreement (IGA) with the Town of Windsor that governs tax sharing and design standards for a cooperative planning area near State Highway 392.

Scope and background

The original intergovernmental agreement dates to Dec. 11, 2000; it established a framework for coordinated design standards and revenue sharing along portions of the 392 corridor where Severance and Windsor parcels abut. Town staff told the council the new amendment clarifies how economic development incentives and road‑improvement costs will be handled if new development occurs in the cooperative area just north of SH‑392 and east of County Road 19. Under the terms presented, Severance’s share for qualifying economic development improvements will be 10% of the defined costs when the triggering development proceeds.

Why it matters

The area in question is targeted for commercial development. Councilmembers noted the agreement helps maintain consistent design and development standards across the corridor and ensures both towns have a predictable process for distributing tax revenue generated by new businesses. Staff described the amendment as a routine but important update that preserves long‑standing intermunicipal cooperation.

Council action

Councilmember Vandermark moved to approve Resolution 2025‑15R; Councilmember Bruin seconded. The motion passed on a roll call vote; the resolution and amendment are included in the published packet and are now part of the public record.

Ending

Councilmembers characterized the agreement as consistent with previous cooperative planning efforts and noted continuing coordination with Windsor on future infrastructure and potential water/sewer partnerships.