Longmont Urban Renewal Authority (LURA) Meeting, August 18, 2026

The Longmont Urban Renewal Authority (LURA) held a meeting on August 18, 2026, focusing primarily on approving multiple tax increment financing (TIF) revenue agreements related to the First and Main Urban Renewal Plan. Key agenda items included amendments to existing agreements with the City of Longmont, Boulder County, Northern Colorado Water Conservancy District, and St. Vrain Valley School District. These agreements detailed the allocation and remittance of property tax increments, with specific exclusions for certain mill levies such as public safety and health services. The Authority also discussed a tax sharing agreement with the Downtown Development Authority (DDA) due to overlapping urban renewal boundaries, establishing revenue sharing and annual remittance terms. Motions to approve these agreements passed unanimously or with strong support. The meeting highlighted the complexity of coordinating multiple taxing entities and the importance of these agreements in supporting transit-oriented development and public infrastructure projects, including a $70 million transit center. No new sales tax increments were included in these agreements, and the Authority emphasized that these arrangements do not involve new taxes but rather the reallocation of existing property tax increments. The meeting concluded with discussions on ongoing negotiations and the financing package for the transit center project.