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Arvada to carry forward $7.95 million private activity bond allocation after no local applicants

5717629 · September 3, 2025
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Summary

Council voted 4–1 to carry forward the city's 2025 private activity bond allocation of $7,946,818 into 2026 rather than assign it or relinquish it to the statewide pool.

The Arvada City Council approved R25-071 on Sept. 2 to carry forward the city's 2025 private activity bond (PAB) allocation of $7,946,818 from the Colorado Department of Local Affairs into 2026. The motion passed 4–1; Council Member Marriott voted no. Council Members Pfeiffer and Ambrose were excused.

City staff (Miss Espinosa) told the council the city opened a competitive application window earlier this year but did not receive any applications. Under state rules the city must notify the Department…

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