County Responds to Michael Penny’s Request to Refund TIF

The Arapahoe County Board of Commissioners (BOCC) responded to Michael Penny’s request for their approval of an IGA to refund all TIF money collected to the County.  There appears to be a change in what Mr. Penny first proposed to the BOCC on July 27, 2015 and the IGA submitted.  The County prefers the July 27th representation and they are only offered that if they will withdraw their law suit on the inclusion of ag land in the Santa Fe Urban Renewal Area.  The Council is told that the BOCC is not party to the suit and has no control in that litigation.  (That suit is against our County Assessor – an elected official.)  One has nothing to do with the other.
Follow the link to read the Dec. 7, 2015 letter from the City’s attorney, Corey Hoffman and the County’s response dated January 5, 2016.

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