Title
Approval of an Amended and Restated Service Plan of Allison Valley Metropolitan Districts No. 1 and No. 2 (Legislative).
Body
From:
Carl F. Schueler AICP, Comprehensive Planning Manager
Summary:
This is a request to amend the 2006 Service Plan for Allison Valley Metropolitan Districts Nos. 1 and 2 ("Districts") to address errors and oversights all in conformance with the City's Special District Policy and Model Service Plans. This item was introduced at the July 27, 2015 Informal City Council meeting.
Previous Council Action:
The Districts were established by election in November 2006, following approval by Council of a service plan earlier that year (Resolution No. 129-06). In the Spring of 2014, Council approved significant changes to the land use Master Plan for this area, now renamed "THE FARM". Note: the name of this these Districts will remain unchanged.
Background:
Metropolitan districts are created under Colorado Statute and City Policy to finance and/or maintain certain public improvements in commercial and residential areas, primarily utilizing a property tax mill levy as the revenue source. These districts are separate legal entities from the City. However, their service plans (and amendments thereto), require Council approval. Approval of a service plan provides an opportunity for City Council to establish limits and parameters for operation to the districts beyond those included in State Statues. City Council adopted a Special District Policy ("Policy") in 2006 and Model Service Plans (which was last modified in 2012). These are used as the standard with which to review new or (as in this case) amended service plans.
This service plan amendment is being requested primarily to correct certain errors and discrepancies in the service plan approved in 2006. In the 2006 service plan, the debt service mill levy caps were erroneously limited to 25.0 mills if an operational mill levy of 10.0 mills is also...
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