Title
Resolution approving a service plan allowing for the creation of the Mountain Valley Metropolitan District.
(Legislative)
Presenter:
Carl Schueler, Planning Manager- Comprehensive Planning, Planning & Development Department
Body
Summary:
This service plan would allow formation of the Mountain Valley Metropolitan District.
Previous Council Action:
This would be a new single metropolitan district. City Council approved annexation, PUD zoning and a concept plan for this property in early 2016. This agenda item was introduced to City Council at a work session on August 22, 2016. On September 13, 2016, City Council continued the hearing on this item to today's date (October 11, 2016). On September 16, 2016, additional discussion of this item occurred as part of that Informal City Council meeting.
Background:
This would be new single district metropolitan district conforming to the City's currently adopted Model Service Plans and Special District Policy. As of the date of this staff report no deviations from the standard documents are being proposed. This will be a small exclusively residential district consisting of about 37.5 acres which includes 141 planned single-family dwellings, in the Mountain Valley Preserve development along the north Marksheffel Road corridor.
The maximum approved debt authorization would be $7,267,000. 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 contemplates the District providing some ongoing operations and maintenance fun...
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