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Council approves Broomfield Town Square business improvement district and urban renewal plan; tax‑sharing agreements and URA amendments also approved
Summary
The City Council approved formation of the Broomfield Town Square Business Improvement District and authorized a substantial modification and formation of urban renewal area boundaries to support the developer’s Town Square financing plan, plus tax‑sharing agreements and related resolutions backed by the Broomfield Urban Renewal Authority.
The City Council approved an ordinance establishing the Broomfield Town Square Business Improvement District (BID) and voted to appoint the BID board of directors and accept the 2025–2026 operating plan and estimated budget. The second reading of the ordinance passed on final reading without change, with the council vote recorded as unanimous.
Separately, the council approved a substantial modification of the existing Broomfield Plaza Civic Center Urban Renewal Area to shrink an older URA boundary and created a new Urban Renewal Area aligned with the Town Square project footprint. The council adopted required legislative findings and approved the Broomfield Town Square Urban Renewal Plan; that vote likewise passed unanimously on the council roll-call. The Broomfield Urban Renewal Authority (BURA) met concurrently and…
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