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Council voted 5-2 to establish residential and commercial general improvement districts for the West Greeley project area, allowing infrastructure costs to be financed through property taxes and special assessments on benefiting properties.
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The two districts localize the cost of West Greeley infrastructure to the areas expected to benefit from it rather than spreading those costs across the entire city. Council also voted 5-2 to add the Union Colony Civic Center, valued at approximately $27 million, to the collateral pool supporting up to $115 million in 2025 certificates of participation. Several residents raised concerns about project financing, public assets, financial risk, and whether residents should vote on the project.
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