Title
A Resolution of the City of Colorado Springs approving an amended and restated Service Plan for the Bradley Ranch Metropolitan District located generally southeast of the intersection of Old Ranch Road and North Union Boulevard.
Council District #2
Presenter:
Allison Stocker, Senior Planner, City Planning Department
Kevin Walker, Planning Director, City Planning Department
Body
Summary:
This request would allow the Bradley Ranch Metropolitan ("District") to amend and restate the District's service plan. The District was created in 2006 to help develop three hundred and fifty-nine (359) single-family detached units near the intersection of Old Ranch Road and North Union Boulevard. Since this time, the development activities and other site improvements have all been completed per the current service plan (refer to Resolution 130-06). The District's board has been filled by landowners who live within the District and there are no planned future development activities or bond issuances. With that, the purpose of amending and restating the service plan is to bring the service plan into compliance with the City's current model service plan, allowing the District to increase their operations and maintenance mill levy from the current 10 mills to 22 mills, and remove information from the service plan that pertain to future development activities.
Background:
The District has provided public improvements and operation and maintenance services for the service area as specified in the District Boundaries Map (refer to Exhibit C) which contains approximately one hundred and twenty-six (126) acres. The District's purpose was to plan, design, engineer, finance, and refinance costs associated with providing the public improvements and services necessary to support the project. The service plan also managed the financing and construction of public improvements and provided any necessary administrative functions and ongoing services as authorized by the serv...
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