Town board approves $2.5 million hotel incentive and buys back water; three things to know from Windsor’s town board meeting
November 19, 2016
Windsor's town board met for a work session and its regular meeting Monday night.
Here are three things to know about what happened:
1. Hotel Economic Incentives
In a divided 5-2 decision — with Myles Baker and Brenden Boudreau voting against — Windsor's town board approved almost $2.5 million in economic incentives for a hotel development project near Crossroads Blvd. and Fairgrounds Ave.,
Windsor developer Martin Lind told the board a Kana Hotel Group out of Knoxville wants to start a $45 million project to build a three hotel, two building, complex across two phases. The first phase would to build a four stories high, 96-room Spring Hill suites brand hotel. In the second phase they construct two additional high-end hotels five stories high with about 206 rooms and a conference center.
The incentive package includes waived and reimbursed fees totaling $673,873.14 across both phases. It also requires the town reimburse the hotel 50 percent of the town's 3 percent sales tax collected from the establishment for the first 10 years of the hotel's operation — estimated to total $1,800,000. Additionally, the incentive package states that if the town passes a lodging tax it will reimburse — essentially exempting — the hotel the entire amount of the lodging tax until after the hotel's first 10 years of business.
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Baker voted against the incentive package because of he didn't agree with possibly exempting the potential hotel from a possible tax during its first 10 years. Boudreau said he has philosophical problems with offering economics incentives.
2. Water buy back
Through amending a water lease with Front Range Energy, Windsor's town board essentially bought back 65 acre-feet of water from the 500 acre-feet the town had leased the company back in 2005.
Although Front Range Energy originally had up to 500 acre-feet of water available through their lease with the town, they historically never used that much, said Town Attorney Ian McCargar Monday night. In 2012 town staff began negotiating a modification to the water lease.
The modification gives Front Range Energy a $260,000 credit — by way of waiving the final 2016 payment and a $100,000 payment in 2017.
3. National Adoption Day
Windsor's town board proclaimed Nov. 18 as National Adoption Day 2016.
In her presentation of the proclamation, Mayor Kristie Melendez stated more than 30 children in the Windsor, Greeley and Weld County area are waiting for permanent families.