SUBJECT: RESOLUTION
Title
Continuation of the PUBLIC HEARING: A Resolution of the Board of Trustees of the Town of Erie Approving the First Amendment to the Amended and Restated Service Plan for the Erie Farm Metropolitan District
Body
DEPARTMENT: Planning and Development
PRESENTER: Fred Starr
TIME ESTIMATE:
only required for non-consent items
FISCAL INFORMATION: N/A
Cost as Recommended:
Balance Available:
Budget Line Item Number:
New Appropriation Required:
STAFF RECOMMENDATION:
Recommendation
Approve the request for a continuance of the Resolution as stated
End
SUMMARY AND BACKGROUND OF SUBJECT MATTER:
The applicant is requesting the Board of Trustees continue this item to a date certain of June 25, 2019. During the Board of Trustees April 9, 2019 meeting, the Board asked the applicant to (1) contact existing residents and notify them of the issue, and (2) clarify what the additional funding would be used for and how long District's tax would it be extended if the amendment is approved. The applicant has asked for the continuance to provide additional time to complete meetings with the Homeowners Association members and property owners in the development to provide them with more information about the Metro District and the request to amend the metro district service plan.
The applicant made this request by email correspondence. Staff has asked for an additional letter from the applicant regarding this request.
Additional Background. On March 12, 2013 the Board of Trustees approved Resolution 13-39, approving the amended and restated Service Plan and the material modification to the Original Service Plan for the Erie Farm Metropolitan District. The purpose of Resolution 13-39, was to bring the Erie Farms Metropolitan District Service Plan into conformance with he recently approved Town of Erie Model Service Plan.
The purpose of the current request is to increase the Debt limit from the current Thirteen Million Dollars ($13,000,000) to Thirty...
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