Council updates PAR agreement

BY HALEY LENA HLENA@COLORADOCOMMUNITYMEDIA.COM

Working to update a 2006 agreement with the Parker Authority for Reinvestment, the town council approved a plan that allows the authority to continue implementing Urban Renewal Plans.

During the June 5 meeting, the council approved the Second Amended and Restated Cooperation Agreement.

In a presentation to the council, Weldy Feazell, the town’s director for the reinvestment authority and economic development, said the updated plans outlines the roles and responsibilities and how the two entities will continue to interact.

As part of the updated agreement, the reinvestment authority, also known as PAR, identi ed sta costs that will be reimbursed to the town, with totals re ecting current 2023 rates.

Reimbursements include: