Title
Resolution approving a service plan allowing for the creation of the Silver Hawk Metropolitan District.
Presenter:
Carl Schueler, Planning Manager- Comprehensive Planning, Planning & Development Department
Body
Summary:
This service plan would allow formation of the Silver Hawk Metropolitan District.
Previous Council Action:
This would be a new single metropolitan district. City Council approved residential rezoning for this property in January, 2016. This service plan was first introduced at the Informal City Council on August 22, 2016. On September 13, 2016, this hearing was continued to this October 11, 2016 meeting. At the September 26, 2016 Informal City Council meeting, updates were provided.
Background:
This would be new, single district metropolitan district conforming to the City's currently adopted Model Service Plans and Special District Policy. No deviations from the standard documents are being requested or offered as of the date of this staff report. This will be a small exclusively residential district consisting of about 14.75 acres, which includes 70 planned single-family dwellings, in the Soaring Eagles Filing No. 1 development area.
The maximum approved debt authorization would be $3,619,984. Consistent with the City's Special District Policy and Model Service Plans, the maximum allowable Gallagher-adjusted debt service mill levy will be 30.0 mills and the maximum operational mill levy will be 10.0 mills.
Pursuant to the Special District Policy, all future district inclusions must be identified and presented with the initial petition and illustrated as Exhibit C-2. The petitioners do not propose to include any future properties. Therefore, Exhibit C-2 is not required and has not been provided.
This service plan does contemplate the District providing some ongoing operations and maintenance functions including maintaining landscaping and common areas.
The petitioners have provided an estimate of eligible...
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