Title
An Update on the Proposed Resolution of the City of Colorado Springs approving a service plan for the Banning Lewis Ranch Metropolitan District No. 5 serving an area of approximately 159 acres generally located southwest of the intersection of Dublin Boulevard and Banning Lewis Ranch Parkway
Located in Council District 6
Presenter:
Allison Stocker, Senior Planner, Planning Department
Kevin Walker, Planning Director, Planning Department
Body
Summary:
Banning Lewis Ranch Metropolitan District No. 5 (“the District”) requests the approval of an independent service plan and to separate from the consolidated service plan currently utilized by Banning Lewis Ranch Metropolitan District Nos. 1-5 and 7. The District Board for Banning Lewis Ranch Metropolitan District No. 1 is aware and in support of the separation proposed by the District (refer to the Letter of Support).
The District does not anticipate taking on any additional debt in the future, will not change mill levies, and has no anticipated future capital improvements. Also, the District held debt is separate from the remainder of the consolidated service plan which allows the District to continue paying down its debts without impact to the other Banning Lewis Ranch Metropolitan District’s budgets.
Additional revisions are anticipated on the proposed service plan prior to the October 27, 2026 City Council hearing. These revisions include filing in several blank spots on the service plan and updating the maximum operating mill levy for residential districts to be subject to upwards and downwards adjustments based upon the Mill Levy Adjustment date, July 12, 2022, that is consistent with the City’s Model Service Plan.
Background:
Banning Lewis Ranch Metropolitan District No. 5 (“the Retreat” at Banning Lewis Ranch) is made up of single family detached and attached age-restricted units, community exclusive amenities, and various services that are provided independent of the broader Bannin...
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