Fort Collins URA adopts supplemental 2025 and 2026 budgets to cover legal, due diligence, maintenance and higher debt service

The Fort Collins Urban Renewal Authority adopted two budget resolutions at its Aug. 26 meeting: a supplemental 2025 budget (Resolution 151) and the 2026 budget (Resolution 152). Staff said the supplemental 2025 changes would authorize roughly $4.5 million in new expenditures tied to the Conifer loan, increased legal expenses, due diligence on potential property acquisitions and higher debt service from bonds issued earlier this year.

Acting Executive Director Josh Burks summarized the 2025 amendments and the proposed 2026 budget, saying the additions for 2025 “total about $4,500,000 of new expenditures in this year, that will be authorized if you choose to support that particular resolution.” He told the authority debt‑service increases are the primary driver of higher expenditures next year and that the North College bonds account for the largest share of annual debt service.

Property maintenance and Albertsons site: Staff detailed about $200,000 of possible property…