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Committee briefed on $20.64 million outstanding moral obligation tied to Hyatt convention center project
Aurora City Management and Finance Policy Committee · November 4, 2025
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Summary
Theresa Sedmack told the committee that the city retains a nonbinding moral obligation for the Hyatt convention center and parking facility, with $20.64 million par outstanding after refinancing and an anticipated $1 million subsidy this year.
Theresa Sedmack presented the city’s outstanding moral obligation related to the convention center and parking facility at the Hyatt in Fitzsimmons, describing it as a nonbinding pledge that provides comfort to investors but is subject to appropriation and not legally enforceable.
Sedmack said the original loan would…
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