Title
A resolution approving a service plan allowing for the creation of the Greenways Metropolitan District Nos 1-3.
(Legislative)
Presenter:
Carl Schueler, Planning Manager- Comprehensive Planning, Planning & Development
Peter Wysocki, Director of Planning and Community Development
Body
Summary:
This service plan would allow the formation of the Greenways Metropolitan District Nos 1-3 ("Districts") to finance public improvements cost and provide services for a proposed development area located in the vicinity of the Colorado Springs Ranch development in northeast Colorado Springs. The service plan allows for two residential districts and one smaller commercial district.
This item was discussed by the City Council Budget Committee on June 23, 2020 with these discussions summarized below. The Budget Committee requested individual maximum debt authorization caps for each of the 3 districts. A response has been provided in an updated draft service plan, which is attached.
This agenda item was introduced at a July 13, 2020 City Council Work Session, at which time there we no additional comments or questions.
Background:
These proposed metropolitan districts would provide property tax-based public improvements financing and services for the recently approved Greenways infill development located east of Power Boulevard primarily on the site of a former golf course. The overall proposed district area encompasses about 172 acres, and would accommodate on the order or 800-1,000 planned dwelling units. The affected property has Planned Unit Development (PUD) zoning approval consistent with the purposes and financial projections of this service plan.
The service plan does not request any deviations from the limitations in the City's current Special District Policy and Model Service Plans.
This would be a consolidated service plan with three (3) districts created, two for residential purposes and one with non-residential uses. Unlike with several...
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