Title
A Resolution of the City of Colorado Springs approving a Service Plan for the Creekwalk Metropolitan District serving an area in the South Nevada Avenue Corridor
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 Creekwalk Metropolitan District (District) for the purpose of providing public improvement financing and ongoing services for the proposed Creekwalk development in the southern part of Colorado Springs.
This would be a single new residential metropolitan district which would finance the public improvements for and provide ongoing services for a proposed multi-family project.
This property is located in City Council District No. 3.
This service plan utilizes the recently approved new Special District Policy and model service plan, which among other provisions, allow for higher residential mill levies and provide an opportunity to present a financial plan to support issuance of future debt without needing to come back to City Council for subsequent approval.
There are no requested exceptions from the new model service plan. However, there are topics and contingencies associated with the development plans for the property, the existing urban renewal area designation, the existing Business Improvement District and the metropolitan district boundaries, which overlay all or part of the contemplated service area for this proposed new metropolitan district.
This request was discussed by the City Council Budget Committee on February 28, 2023, and then introduced at a Council Work Session on March 13, 2023. Please see the summaries below.
Background:
This service plan would allow for creation of a single new residential metropolitan district to support development of a proposed 4.6-acre multi-family project site in the Creekwalk area in the South Nevada are...
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