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File #: 22-298    Version: 1 Name: Peak Nos. 4-7 MD
Type: Resolution Status: Mayor's Office
File created: 5/9/2022 In control: City Council
On agenda: 7/26/2022 Final action: 7/26/2022
Title: A Resolution of the City of Colorado Springs approving a Service Plan for the Peak Metropolitan District Nos. 4, 5, 6 and 7 serving the Airport Business Park Presenter: Carl Schueler, Planning Manager- Comprehensive Planning, Planning & Development Department Peter Wysocki, Planning and Community Development Director
Indexes: Metropolitan District, Service Plan
Attachments: 1. Resolution_Peak_Metro_Districts 4-7, 2. Exhibit 1- Peak MD 4-7 Consolidated Service Plan, 3. Staff PowerPoint, 4. Applicant Budget Committee PowerPoint, 5. Redline Peak MD 4-7 Service Plan, 6. Peak MD 4-7 Ltr to Carl Schueler re Consolidated Service Plan (6-3-22), 7. Peak MD 4-7 Supplemental Ltr to Carl Schueler re Consolidated Service Plan (6-15-22), 8. Signed Resolution No. 103-22
Title
A Resolution of the City of Colorado Springs approving a Service Plan for the Peak Metropolitan District Nos. 4, 5, 6 and 7 serving the Airport Business Park
Presenter:
Carl Schueler, Planning Manager- Comprehensive Planning, Planning & Development Department
Peter Wysocki, Planning and Community Development Director

Body
Summary:
This consolidated service plan would allow formation of the Peak Metropolitan Districts Nos. 4, 5, 6 and 7 (Districts) for the purpose of allowing additional separate districts to be used to finance additional phases of development in the Airport Business Park (Peak Innovation Park) development. The existing Peak Metropolitan Districts Nos. 1-3 have their own service plan and will continue to provide financing and services for their phases of the overall business park development.

This property is located in City Council District No. 4.

This item was presented to the City Council Budget Committee on June 28, 2022, and introduced at a Council Work Session on July 11, 2022, at which time there were questions but no direction for follow-up or changes.

Note: Due to the timing of this submittal, it has been submitted and is being reviewed under the existing Special District Policy and model service plan, and not the pending proposed updates of those documents.

There are no requested exceptions from the current model service plan.

Background:
In this multiple district structure, Districts Nos. 4, 5, 6 and 7 (the "Districts"), are planned to have a variety of non-residential uses associated with the latter phases of the Airport Business Park (Peak Innovation Park). District No. 2, which is part of the original and separate consolidated service plan, is intended to potentially overlay each of the other six financing districts.

The service plan proposed for these districts is designed to be very similar to the existing consolidated plan for District Nos. 1-3, including having the same or closely similar operational aut...

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