Title
A resolution of the City of Colorado Springs approving a Service Plan for the Mountain Vista No. 2 Metropolitan District located east of Marksheffel Road and split by Barnes Road
(Legislative)
Presenter:
Hannah Van Nimwegen, Senior Planner, Planning & Development Department
Peter Wysocki, Director of Planning and Community Development
Body
Summary:
This service plan would allow the formation of the Mountain Vista No. 2 Metropolitan District ("District"). The primary purpose of the District will be to finance the construction of public improvements; to provide ongoing operations and maintenance services for streets, sidewalks, drainage facilities, utilities, parks, and landscaping; and for covenant enforcement to include trash service. The district is comprised of three parcels intended for residential land uses totaling 138.24 acres in size, along with a potential 39-acre inclusion area.
One deviation from the Special District Policy is being requested. The Special District Policy caps the maximum operating Mill Levy to 10 mills, and 15 mills are being requested. The extra 5 mills are proposed to fund additional operating needs including covenant enforcement.
Included in the proposed Resolution is limiting language requiring an approved development plan for the subject parcels prior to mill levy certification or debt issuance, as this is defined in the service plan.
This item was discussed by the City Council Budget Committee on January 25, 2022 and presented at the City Council Work Session on February 7, 2022. Further description of these meetings is in the following sections of this memo.
The proposed district is located within City Council District 6.
Background:
This proposed metropolitan district would provide financing for public improvements, operations, and maintenance of 138.24 acres within a development known as Enclaves at Mountain Vista located east of Marksheffel and split by Barnes Road. There is one future inclusion parc...
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