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File #: 25-274    Version: Name: Tuscan Foothills Village Service Plan
Type: Resolution Status: Passed
File created: 5/19/2025 In control: City Council
On agenda: 6/24/2025 Final action: 6/24/2025
Title: A Resolution of the City of Colorado Springs approving an amended Service Plan for the Tuscan Foothills Village Metropolitan District located northwest of the intersection of Centennial Boulevard and North 30th Street. Presenter: Allison Stocker, Senior Planner, City Planning Department Kevin Walker, Planning Director, City Planning Department
Sponsors: Planning Department
Attachments: 1. Tuscan_Foothills_Village_MD_Amendment_Resolution, 2. Clean Service Plan showing First Amendment, 2025-06-24, 3. Exhibit_A_Legal Description, 4. Exhibit_B_Vicinity Map, 5. Exhibit_C_Initial District Boundary Map, 6. Exhibit_D_Decription of Services, 7. Exhibit_E_Notice of Special District Disclosure, 8. Exhibit_F_Preliminary Financial Plan, 9. First Amendment to Service Plan (Tuscan Foothills Village MD), 2025-06-24, 10. Letter to City of Colorado Springs re Service Plan Amendment and 2025 Refunding Loan, 2025-05-28, 11. Redlined Service Plan for Tuscan Foothills Village MD showing First Amendment, 12. Signed Resolution No. 75-25.pdf
Related files: 25-249

Title
A Resolution of the City of Colorado Springs approving an amended Service Plan for the Tuscan Foothills Village Metropolitan District located northwest of the intersection of Centennial Boulevard and North 30th Street.

Presenter:
Allison Stocker, Senior Planner, City Planning Department
Kevin Walker, Planning Director, City Planning Department

Body
Summary:
This amended service plan would replace the existing approved service plan for the Tuscan Foothills Village Metropolitan District (District) which was originally created in 2016 to serve an area that now consists of approximately thirty (30) acres northwest of the intersection of Centennial Boulevard and North 30th Street. The amended service plan would specifically allow for a higher debt service mill levy, a higher operational and maintenance mill levy, and for the increase in the pre-approved debt allowance. There are no changes proposed to either the District structure or the development assumptions.

The better portion of the planned development has already occurred within the District and the Board consists solely of residents who are making this request as well as the associated requested bond issuance.

This property is located in City Council District No. 1.

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 seventeen (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 latest proposal to come before Council was an inclusion request in 2022 to amend the boundaries of the District and add two parcels (one being 3.115 acres and the other 1.011 acres). Presently, the approximate acreage encompassed by the District is thirty (30) acres.

The current service plan allows for a maximum debt service mill levy of 30.0 mills, a ...

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