Title
A Resolution approving a Second Amended and Restated Service Plan for the Banning Lewis Ranch Regional Metropolitan District (Legislative Item)
Presenter:
Peter Wysocki, Director, Planning and Community Development
Carl Schueler, Comprehensive Planning Manager, Planning and Community Development
Body
Summary:
This is a request by the Banning Lewis Ranch Regional Metropolitan District ("District") or ("BLRRMD") for approval of an amendment to modify and restate the existing service plan for this District to convert it from an overlay district specific to the funding of certain regional wastewater improvements to an overlay district for the limited purpose of funding a variety of regional-scale public improvements including but not limited to wastewater conveyance improvements. Under its current service plan, the District covers and benefits the majority of Banning Lewis Ranch ("BLR") including the currently developed portion. Under the proposed Second Amended and Restated Service Plan the District boundaries will be reduced to include only Villages 1-6, which are that portion of BLR that is already developed, and those undeveloped portions of BLR that are currently owned or developed by Oakwood Homes and Walton Global Holdings.
The District's existing total maximum mill levy of 10.0 mills (9.0 for debt service and 1.0 for operations) would remain in place. The use of this mill levy would be shifted to qualifying regional infrastructure improvements.
This service plan amendment has been prepared in the form of a complete replacement of the current service plan as an amended and restated plan. A redline copy is provided highlighting changes from the current (2010) service plan along with a clean black line version as proposed to be adopted.
This service plan amendment is part of and contingent upon the approval of the pending BLR Annexation Agreement Amendment. Approval of this service plan needs to effectively be concurrent with the Annexati...
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