SUBJECT: GENERAL BUSINESS
Title
PUBLIC HEARING: A Resolution of the Board of Trustees of the Town of Erie Approving the Third Amended and Restated Service Plan for Sunset Parks Metropolitan District (continued from the May 12, 2020 Board of Trustees Meeting)
Body
DEPARTMENT: Planning & Development
PRESENTERS: Michael Davis, Attorney for the Applicant
James A. Mann, Senior Municipal Advisor/Principal, Ehlers
Malcolm Fleming, Town Administrator
Fred Starr, Planning & Development Director
TIME ESTIMATE: 30 minutes
only required for non-consent items
STAFF RECOMMENDATION:
Recommendation
Approve the Resolution with conditions.
End
SUMMARY AND BACKGROUND OF SUBJECT MATTER:
The applicant submitted a request to approve the Third Amended and Restated Service Plan for the Sunset Parks Metropolitan District (Service Plan) for the Sunset Development. This Service Plan is intended to amend and restate the existing and all prior service plans for the Sunset Parks Metropolitan District (the "District"). The Town approved the original Service Plan by Resolution No. 08-07 on February 12, 2008 and the Weld County District Court ordered the organization of the District on May 27 that year. The Town subsequently approved a First Amended and Restated Service Plan on February 14, 2012 and a Second Amended and Restated Service Plan by Resolution No. 15-55 on April 14, 2015.
The District is generally located Northwest of the intersection of County Road 5 and County Road 6, in the SE Quarter of Section 20, Township 1 North, Range 68 West. Among other things, the Service Plan specifies the Maximum Debt Mill Levy and the Maximum Debt Mill Levy Imposition Term. The Service Plan proposes a Maximum Mill Levy of fifty (50) mills for the purpose of debt service, and an additional ten (10) mills for operations as stated in the service plan proposal.
This request was originally scheduled to be considered by the Board on February 11, 2020, but was continued in c...
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