CENTRAL CITY — A short Central City Urban Renewal Authority meeting on July 7, 2026, focused almost entirely on one question: how future tax revenues from the proposed Gregory Gulch Gaming project should move between the City's redevelopment agencies.

The board unanimously approved an intergovernmental agreement with the Central City Downtown Development Authority. The agreement lays out how property tax and sales tax increment generated by the Gregory Gulch property will be pledged to the URA to help pay for public improvements tied to the project. Tax revenue generated elsewhere in the downtown district will stay with the DDA.

Before the vote, City Manager Daniel Miera pointed out one correction to the agreement. It originally listed the City's sales tax contribution as 6%, but it should be 4%, since the remaining 2% goes into the public safety fund. He said the pledged revenues would automatically be transferred to the URA within 45 days after the DDA receives them.

Commissioner Kathy Walker asked how often those payments would happen. Miera said property tax distributions generally arrive every month, except in November and December.

The longest discussion came from Commissioner Chuck Spencer, who also serves on the DDA board. Spencer wondered whether sending Gregory Gulch revenues to the URA would leave the DDA short on money for future downtown projects.

Miera said the agreement only applies to tax increment generated by the Gregory Gulch development. If other properties in the downtown district are improved in the future, those tax revenues would continue to build the DDA's own funding. 

He also noted that if the Gregory Gulch project never moves forward, there would be no new tax increment to divide in the first place.

Member Lindsay Valdez asked whether one of the differences between the two entities was the length of time they operate. 

City Attorney Abigail Robbins said that was one distinction, explaining that the URA has a 30-year lifespan while the DDA operates for 25 years. 

Robbins also described the DDA as the account holder for tax increment revenues and the URA as the vehicle that carries out redevelopment projects.

The agreement passed unanimously after board members amended the sales tax language from 6% to 4%. The board also approved the meeting agenda and February meeting minutes before adjourning.

The Urban Renewal Authority generally meets on the first Tuesday of the month at 5 p.m. in the Council Chambers at City Hall, though meetings are only scheduled when there is business on the agenda.