Title
A resolution approving the administrative dissolution of the Gold Hill Mesa Metropolitan District No. 3 located near the intersection of U.S. Highway 24 and 21st Street
Presenters
Carl Schueler, Comprehensive Planning Manager, Planning and Community Development
Body
Summary:
The attached resolution will authorize the administrative dissolution of the Gold Hill Mesa Metropolitan District No. 3 ("District"), which is finalized through a District Court process. This metropolitan district is no longer active, and the District board of directors, the current property owner, and the expected future property owners are in concurrence with its dissolution.
This metropolitan district was intended to function as the commercial district as part of a 3-district consolidated service plan for Gold Hill Mesa metropolitan districts. District No. 2 is largely built out and functions as the residential district, with debt issued. District No. 1 functions as the operating district. Although it certified mill levies for over a decade, District No. 3 has never been developed and has not issued debt. More recently, the developers of this project have requested and had the City create a Business Improvement District (BID) that will encompass the future commercial development for the Gold Hill Mesa property.
This property is located in City Council District No. 3.
This agenda item was discussed by the City Council Budget Committee on May 24, 2022.
BACKGROUND:
The original service plan for the Gold Hill Mesa Metropolitan District Nos. 1-3 "Districts" was approved by City Council in 2006, following limited approvals in 2004. In 2006, the intended structure was for District No. 1 to function as the operating and controlling district for the entire Gold Hill Mesa development, with District No. 2 encompassing all of the residential development and District No. 3 encompassing all of the commercial development. Subsequently, the original single family and the attach...
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