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August 16, 2014
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Four metropolitan districts seek town approval

Four new metropolitan districts — some with residential, commercial and light industrial development — are seeking approval from the town.

Town Attorney Ian McCargar presented a review of the four districts from Jim Mock, the board’s attorney on special district matters, to the Windsor Town Board on Monday.

The four proposed metropolitan districts are:

» Eagle Crossing — This 125-acre district will be located at the northeast corner of Fairground Avenue and Crossroads Boulevard, and extend northeast to Highland Meadows Parkway. The district doesn’t propose any residential development, only commercial development. The developer projects a value of $40.4 million after build-out and a total debt cap of $15 million. The district’s financial plan calls for collecting 29 mills for debt service and four mills for operations and maintenance.

» Harmony Ridge — This residential district will initially be 187 acres, but may cover up to 450 acres after all of the district’s future inclusions. It will be located at the northeast corner of County Road 13 and Harmony Road. The developer projects a value of $12.1 million at build-out and a total debt cap of $8 million. The district’s financial plan calls for collecting 36 mills for debt service and three mills for operations and maintenance.

» Northlake — This district includes a residential, commercial and light industrial component. It will initially be 461 acres, but may cover 482 acres after all the district’s possible inclusions. The district will be located in the southwest corner of Weld County Road 76 and Colo. 257, with a small part north of Weld 76. The developer projects a value of $143 million at build-out and a total debt cap of $64 million. The district’s financial plan calls for collecting 35 mills for debt service and four mills for operations and maintenance.

» Tacincala — This 366-acre residential and commercial district boundaries will be Weld County Road 72 on the north, Colo. 72 on the east, and Weld 70 on the south. The developer projects a value of $32.8 million at build-out and a total debt cap of $47 million. The district’s financial plan calls for collecting 35 mills for debt service and four mills for operations and maintenance.

Mock said after reviewing the four proposed districts, he found them compliant with the town’s previously approved Raindance Service Plan and said they could be set for first reading at an upcoming meeting and recommended for approval.

McCargar also told the board that Mock suggested the board take a look at its metropolitan district policy once the review of the four new districts is finished. In Mock’s memo to the board, he said he had concerns that metropolitan district laws and practices have outpaced the model service plan, and incremental changes to the plan could weaken the checks and balances built into the model plan.

“I am not opposed to the Town moving from this more-limited approach to metro districts to a more permissive model, but I believe the Town will be in a better position if the shift is done deliberatively,” Mock wrote in his memo to the board.


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My Windsor Now Updated Aug 16, 2014 07:21PM Published Aug 16, 2014 07:21PM Copyright 2014 My Windsor Now. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.