Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Council directs staff to open talks with McWinnie about early termination of sales‑tax credits for Centerra developments
Summary
To help close a projected $10.4 million budget shortfall, the Loveland City Council voted 8-0 to direct the city manager and city attorney to attempt to negotiate early termination or revision of sales-tax credit agreements (sales tax credits/MFA) with McWinnie for Centerra properties.
The Loveland City Council voted unanimously to direct the city manager and city attorney to open negotiations with the McWinnie organization to discuss early termination or revision of sales-tax credit agreements tied to the Centerra (Millennium) area. The motion aims to explore whether changes to those tax-sharing arrangements could return revenue to the city to help address a reported $10.4 million recurring budget gap.
Councilor Laura Light Kovacs introduced the idea as “additional ways that we could increase our city revenues…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
