Title
A resolution of the City of Colorado Springs approving a Service Plan for the Catalyst Campus Metropolitan District Nos. 1 & 2 east of Downtown Colorado Springs
(Legislative)
Presenter:
Carl Schueler, Planning Manager- Comprehensive Planning, Planning & Development Department
Peter Wysocki, Director of Planning and Community Development
Body
Summary:
This service plan would allow the formation of the Catalyst Campus Metropolitan District Nos. 1 & 2 ("Districts") to finance public improvements cost and provide services for the continuing development of the Catalyst Campus project located just east of Downtown and primarily south of Pikes Peak Avenue. The petitioners propose to use a combination to these two metropolitan districts and an associated Business Improvement District (BID) to provide public financing and associated district services for this project area. Generally, the residential properties would be included within one of these two metropolitan districts, whereas non-residential properties would be included in the proposed BID.
No deviations from the Special District Policy and model service plan are being requested, although limiting language is being proposed for the Council resolution in order to address the status of the approved development plan for the property, as defined in the service plan.
This item was discussed by the City Council Budget Committee on July 27, 2021
Background:
These proposed metropolitan districts would provide property tax-based public improvements financing and services for the proposed redevelopment of this site. The overall proposed district area encompasses about 15.5 acres initially with no designated future inclusion areas identified in this service plan. Included are several of the properties that comprise the existing Catalyst Campus, along with certain additional properties slated for future development or redevelopment. This includes portions of the former BNSF Railroad right of way. ...
Click here for full text