Development Incentive Programs assist the City in expanding its number of citizens, land mass, property tax base, sales tax revenue, service offerings to its citizens, and infrastructure capacity.
The City of Westminster encourages planned growth and development within the City and seeks to motivate those undertaking development near our corporate boundary to become a part of our great City through annexation in order to take advantage of this program.
The Commercial Development Incentive Program is designed for commercial developers or qualifying individual businesses to execute an approved, qualifying development plan to, over a period of ten (10) years, recoup up to 100% of infrastructure costs. If the development is undertaken within the Core Commercial District, the rebate period is extended to fifteen (15) years.
Benefit to the Developers: The potential for 100% cost elimination for infrastructure for commercial development.
The Residential Development Incentive Program is designed for residential developers who execute an approved residential development plan to, over a period of ten (10) years, recoup up to 100% of infrastructure costs.
The incentive is an infrastructure reimbursement plan made possible by increased property tax revenues from increased property values over a period of ten (10) years, or until total amount of eligible expenses is repaid, whichever comes first.
Developers, undertaking a project that includes a minimum of three (3) homes within our corporate boundary is eligible and encouraged to contact the Code Compliance and Development Office during the planning stage to initiate the process.