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Central City
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Water Tap Fee Incentive Program
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Rebate Calculation Sheet - For Informational Purposes Only
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Table 1. Project DetailsInstructions: Only enter information in the YELLOW cells under Project Details (Cells F7:F10) and Economic Development Goals (Cells F21:F31) by inserting "X" to all that apply. Any cell that should not be edited will give you a warning message.
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Total Investment (use application)$6,000,000.00
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Number of Hotel Rooms (if applicable)0
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Number of Devices (if applicable)0
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Size of Service Line (based on Tap Fees table to the right)3/4 in.
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Tap Fee (based on Tap Fees table to the right)$10,705.00
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Tap Fee total for hotel rooms and/or gaming devices$0.00
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TOTAL TAP FEE$10,705.00
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Table 2. Investment TierTap Fees
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Investment TierPercent Rebated
Qualifying Rebate
Qualifies? (X)3/4 in. $10,705.00
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Tier ILess than $1,000,00030%$3,211.50 1 in. $21,410.00
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Tier II$1,000,000 - $1,999,99940%$4,282.00 1 1/2 in.$42,820.00
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Tier III$2,000,000 - $3,999,99950%$5,352.50 2 in. $85,640.00
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Tier IV$4,000,000 - $5,999,99960%$6,423.00 3 in. $171,280.00
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Tier VMore than $6,000,00070%$7,493.50X4 in. $342,560.00
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6 in. $551,178.00
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Table 3. Economic Development Goals
Per Hotel Room
$4,612.08
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Economic Development GoalsPercent Rebated
Qualifying Rebate
Qualifies? (X)Per Device$553.45
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Site Improvements - facade and “curb appeal” improvements including historically appropriate design, sidewalks, blight removal, landscaping, signage and other enhancements (including ADA improvements).2.50%$267.63X
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Job Creation - creation of two or more new full-time-equivalent job(s), at or above the area median income, maintained for three (3) years. According to the U.S. Census Bureau estimates, the median income in Central City is $46,830.2.50%$267.63Available Credits for Property Classifications
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Economic Diversification - diversifying and growing the economy including, but not limited to, heritage tourism, outdoor recreation, creative industries, commercial visitor services, and professional services.2.50%$267.63Bridge Gateway Area$410,000
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Operational Commitment - rebates for businesses committing to operating for a minimum of three (3) years.5%$535.25Commercial $295,183
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Device Commitment - installing and maintaining a minimum of seventy-five (75) devices for a minimum of three (3) years.5%$535.25Residential Infill$111,711
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Green Initiatives - installing on-site renewable energy systems (i.e. solar powered systems) or energy-efficient windows, insulation, doors, roofs, and heating and cooling equipment in compliance with our Historic Design Guidelines.5%$535.25XTOTAL$816,894
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Business Expansion and/or Relocation - businesses of 50 or more employees, combined full time and part time employment, expanding and/or relocating to Central City.7.50%$802.88
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Community and Citizen Services - developing spaces for community events, gatherings, fitness and/or healthcare, and educational services.7.50%$802.88
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Parking Infrastructure - developing a surplus of twenty-five (25) public parking spaces within the development.7.50%$802.88
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Vacant Commercial Property Rehabilitation (i.e. Bridge Gateway properties and Gulch properties) - reactivating and reoccupying vacant properties, which necessitate extensive repairs, renovations and improvements. Vacant buildings and lots may be eligible.10%$1,070.50
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Housing and Mixed-Use Developments – developments that include, but are not limited to, second-floor (or above) housing with ground-level commercial; workforce housing and affordable housing; and art/creative trade facilities, such as artist live-work units, makerspaces, and art cooperatives.10%$1,070.50X
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TOTAL REBATE (sum total investment tier and economic development qualifying rebates)$9,366.88
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CANNOT EXCEED AMOUNT (if above total exceeds this number, use this as the total rebate)$10,705.00
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PERCENT REBATED88%
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