Subsidy Tracker Individual Entry
Jewel to receive 75% of the incremental sales tax and home rule sales tax revenue from annual retail sales above a base level of $17.5 million equal to lesser of 1)the Net Present Value using a 6% discount rate of actual amount spent on extraordinary costs, or 2) the Net Present Value using a 6% discount rate of $950,000. Agreement commences upon opening of new Jewel store and ends after 20 years or the day the Incentive Income Amount is reached. Dates below are estimated to allow for filing.
Year is year agreement began. Project description is verbatim text (including indeterminate amounts) from the Department of Revenue's online compilation of excerpts from local agreements. Subsidy amount is not readily available.