Title
A resolution approving the inclusion of property into the Tuscan Foothills Village Metropolitan District that is outside the established boundaries for the district located west of Centennial Boulevard and south of Chuckwagon Road
(Legislative)
Presenter:
Hannah Van Nimwegen, Senior Planner, Planning and Community Development
Peter Wysocki, Director of the Planning and Community Development Department
Body
Summary:
This inclusion of property into the Tuscan Foothills Village Metropolitan District ("District") that is outside of the existing boundaries.
The Tuscan Foothills Village Metropolitan District is located within City Council District 1.
This agenda item was introduced at the March 22, 2022, Budget Committee. At that meeting, no major concerns were mentioned. There were a couple of quick clarifying questions asked that are described further in this report. This item was then introduced at a Council Work Session on April 11, 2022, where there were no further questions or comments.
Background:
The Tuscan Foothills Village Metropolitan District was created in 2016 to finance street improvements, sidewalks, utility lines, and landscaping within the district boundaries. The initial district boundaries consisted of 17 acres as illustrated in Exhibit C of the 2016 Service Plan, but in 2017 eight (8) additional acres were added to the district. The subject proposal to amend the boundaries of the district adds two parcels to the initial district boundary-one being 3.115 acres and the other 1.011 acres.
The Tuscan Foothills Village development contains a mixture of triplex, duplex, and apartment units and is about half built-out with the requested included parcels being currently undeveloped. Development plans are currently in review for additional townhomes on the subject parcels.
The current service plan allows for a maximum debt service mill levy of 30.0 mills and a maximum Operational mill levy of 5.0 mills (both Gallagher adjusted) ...
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