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Finance and Business

Tuesday, November 18, 2025 · 10:30 AM AM · City & County Building, room 391

TL;DR

The Denver City Council approved several economic development agreements using Tax Increment Financing in District 10, supporting local businesses like an ice cream shop, a green space business, and a milk tea company. These agreements involve loans and grants totaling nearly $5.6 million to help small businesses expand and develop in the downtown area.

Key Decisions

  • Loan to Cream & Sugar Ice Cream Approved
  • Grant to Green Spaces Business Approved
  • Loan to Milk Tea People Inc. Approved
  • Master Purchase Order for Red Rocks Awards Approved
  • Intergovernmental Agreement Amendment with Colorado Office of Economic Development Approved
Agenda PDF Minutes PDF

Agenda

  1. page break
  2. Consent Items
  3. 25-1859 Approves a Master Purchase Order with Haertling.com LLC for $900,000.00 with an end date of 12-31-2031 to provide Flagstone “Piece of the Rock” award that are presented to the artist and crew who perform at Red Rocks Amphitheater, citywide (SC-0001076).
    Resolution
    Action: approved by consent

    Council Resolution 25-1859 was approved by consent.

  4. 25-1884 A resolution approving a proposed Loan Agreement between the City and County of Denver and Cream & Sugar, LLC, utilizing Downtown Denver Development Authority Tax Increment Financing, in Council District 10. Approves a loan agreement with Cream & Sugar LLC DBA Sundae Artisan Ice Cream for $750,000.00 with an end date of 11-30-2035 utilizing Downtown Denver Development Authority Tax Increment Financing, in Council District 10 (OEDEV-202582082). The last regularly scheduled Council meeting within the 30-day review period is on 12-22-2025. The Committee approved filing this item at its meeting on 11-18-2025.
    Resolution
    Action: approved by consent

    Council Resolution 25-1884 was approved by consent.

  5. 25-1885 A resolution approving a proposed Incentive Agreement between the City and County of Denver and Jevon Taylor LLC, doing business as Green Spaces, utilizing Downtown Denver Development Authority Tax Increment Financing, in Council District 10. Approves a grant and revenue share agreement with Jevon Taylor LLC DBA Green Spaces for $4,300,000.00 with an end date of 12-31-2030 utilizing Downtown Denver Development Authority Tax Increment Financing, in Council District 10 (OEDEV-202582083). The last regularly scheduled Council meeting within the 30-day review period is on 12-22-2025. The Committee approved filing this item at its meeting on 11-18-2025.
    Resolution
    Action: approved by consent

    Council Resolution 25-1885 was approved by consent.

  6. 25-1886 A resolution approving a proposed Loan Agreement between the City and County of Denver and Milk Tea People Inc. utilizing Downtown Denver Development Authority Tax Increment Financing, in Council District 10. Approves a loan agreement with Milk Tea People, Inc. for $640,000.00 with an end date of 11-30-2035 utilizing Downtown Denver Development Authority Tax Increment Financing, in Council District 10 (OEDEV-202582085). The last regularly scheduled Council meeting within the 30-day review period is on 12-22-2025. The Committee approved filing this item at its meeting on 11-18-2025.
    Resolution
    Action: approved by consent

    Council Resolution 25-1886 was approved by consent.

  7. 25-1887 Amends an Intergovernmental Agreement with the Colorado Office of Economic Development and International Trade to reduce the capacity by $262,082.84 for a new total of $1,276,510.16 and adding six months to the period of performance for a new end date of 10-31-2026, citywide (OEDEV-202475928/OEDEV-202582178).
    Bill
    Action: approved by consent

    Council Bill 25-1887 was approved by consent.