Title
A Resolution of the City of Colorado Springs approving an Amended and Restated Service Plan for the Gold Hill North Metropolitan District Nos. 1 and 2 Serving an Serving an area South and West of Downtown Colorado Springs.
Presenter:
Carl Schueler, Planning Manager- Comprehensive Planning, Planning & Development Department
Peter Wysocki, Planning and Community Development Director
Body
Summary:
This amended and restated service plan would replace the existing approved service plan for the Gold Hill North Metropolitan District Nos. 1 and 2 ("Districts") which were originally created in 2021 to serve the residential uses the northern and not-yet-developed area of this project located south and west of downtown Colorado Springs. The amended plan conforms with Council's recently adopted changes to the Special District Policy and model service plan. The amended service plan would specifically allow for potentially higher debt service and operational mill levies for these residential districts, and for the "pre-authorization" of future debt issuances, without the need to come back to Council for separate approval.
As of this date, there are no resident property owners in these Districts.
This item was discussed by the City Council Budget Committee on February 28, 2023, and then introduced at a Council Work Session on March 13, 2023. These discussions are summarized below.
This property is located in City Council District No. 3.
Although Council action on the balance of this amended and restated service plan only requires a simple majority vote, incorporation of the requested "pre-authorization" of future debt would require a minimum of six (6) affirmative votes.
Background:
These two metropolitan districts were organized in late 2021 following Council's approval of the original service plan in July of that year. These metropolitan districts are intended to encompass various phases of the residential property within the Gold Hill North proje...
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