Local government language and documents often include acronyms and jargon, which makes it hard to understand during a discussion. To better inform our residents and maintain transparency, below is a list of common-used acronyms and the appropriate definitions.
This list will be regularly maintained and updated to ensure it as wholistic as possible.
C&M – Construction and Maintenance Agreement
A construction and maintenance agreement (C&M) is an agreement with railroad companies that grants a license to governments and other contractors and sets terms for work within the railroad right of way.
CIP – Capital Improvement Project
A capital improvement project (CIP) is a project that helps maintain or improve a Town asset, often called infrastructure. Projects may include new construction, expansion, renovation or replacement for an existing facility, a purchase of major equipment, or the maintenance or rehabilitation project for existing facilities.
COP – Certificate of Participation
In lieu of issuing bonds, or using another form of long-term debt, the town often uses a form of lease-purchase agreement called certificates of participation (COPs) to finance the construction of new facilities. A certificate refers to an investor’s proportionate interest in the town’s lease payments. COPs give the state the flexibility to build capital facilities even when funds are not available to pay for projects on a pay-as-you-go basis.
CORA – Colorado Open Records Act
The Colorado Open Records Act (CORA) requires most public records to be available for inspection by any person at reasonable times. A “public record” includes most writings made, maintained, or kept by Town staff or the Town Council.
Anyone can request public records in the possession of a government office, including the Town of Timnath.
CRS – Colorado Revised Statutes
The Colorado Revised Statutes (CRS) is the set of laws passed by the state legislature that governs all of Colorado.
FY – Fiscal Year
GID – Governmental Improvement District
A government improvement district (GID) is a taxing unit that may be created by any municipality in the state. A GID can be established to acquire, construct, install, operate or to maintain any public improvement. A GID can also be established to provide a service within the district. GIDs have limited powers that include the ability to enter contracts, incur debt and construct improvements within the district.
GIS – Geographic Information Systems
GMA – Growth Management Area
A town’s growth management area (GMA) is a zoned district that is designated adjacent to existing municipalities where urban level development and annexation are expected and where development may have an impact on present and future municipal growth. The town and the adjacent municipalities have agreements in place to address growth management in those areas.
If your unincorporated county property is in a GMA overlay zone and is already adjacent to city limits, then annexation may be required depending on the type of development you propose.
IGA – Inter-Governmental Agreement
An Inter-Governmental Agreement (IGA) is an agreement that is made between two or more governmental entities. IGAs are used to solve problems of mutual concern between the parties and can cover topics such as cooperative land use planning, development, resource sharing, and more.
LOI – Letter of Intent
A letter of intent (LOI) is a document that outlines the initial understanding between two parties which they intend to formalize in a legally binding agreement. An LOI may also be known as a memorandum of understanding or “MOU.”
PI – Public Improvement
A public improvement includes any drainage ditch, roadway, parkway, sidewalk, pedestrian way, tree lawn, landscaped open space, off-street parking area, lot improvement or other facility which benefits the public.
PD – Police Department
RFP & RFQ – Request for Proposal/ Request for Qualifications
A Request for Proposal (RFP) is a document that solicits proposals, often made through a bidding process, by an agency or company interested in obtaining a commodity, service, or valuable asset, to potential suppliers to submit business proposals. It is usually the first step in many large government projects.
Request for Quotes (RFQ) are a business process in which a public entity requests a quote from a supplier for the purchase of specific products or services. RFQ generally means the same thing as a call for bids and invitation for bid.
SFD – Single-Family Dwelling
SIA – Developer Agreement or Subdivision Improvement Agreement
A subdivision improvement agreement (SIA) is an agreement between the Town and the Developer specifying the terms and conditions of the Town’s approval of the developer’s project. The agreement governs the construction and installation of public improvements, landscaping, security and warranties. Once completed, most improvements are dedicated to the Town.
TDA – Timnath Development Authority
The Timnath Development Authority (TDA) is the Timnath’s urban renewal authority.
TIF – Tax Increment Financing
The use of tax increment financing (TIF) is governed by state law. It enables urban renewal authorities, like the Timnath Development Authority, to collect the new property and/or sales tax revenues generated within a designated urban renewal area to help finance further improvements. Tax increment financing is not a separate tax. It is the increase in property and sales tax revenues that would otherwise not be available but for the redevelopment project. An urban renewal authority can capture these incremental finances for a period of up to 25 years.
Tax increment financing dollars can be used to
– Finance the issuance of bonds
– Reimburse developers for a portion of their project costs
– Acquire property
– Make public improvements to support redevelopment efforts
URA – Urban Renewal Authority
The Timnath Development Authority is the Town’s urban renewal authority. An urban renewal Authority (URA) has access to funds and programs over a 25-year period. In Timnath’s case, the TDA provides the Town access to fund capital improvement projects and pay off the debt over time (similar to a mortgage).
COGCC – Colorado Oil and Gas Conservation Commission
FLCWD – Fort Collins Loveland Water District
FRA – Federal Railroad Administration
GWR – Great Western Railroad
LCSO – Larimer County Sheriff’s Office
LSO/ LCSO – Larimer County Sheriff’s Office
NISP – Northern Integrated Supply Project – Northern Water
NFRMPO – North Front Range Metro Planning Organization
NWCWD – North Weld County Water District
PFA – Poudre Fire Authority
PUC – Public Utilities Commission