Title
RESOLUTION APPROVING THE CONSOLIDATED SERVICE PLAN FOR REUNION CENTER METROPOLITAN DISTRICTS NOS. 1-5 AND THE INTERGOVERNMENTAL AGREEMENT BETWEEN THE CITY OF COMMERCE CITY AND THE REUNION CENTER METROPOLITAN DISTRICTS NOS. 1-5 IN CASE MD-112-19.
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Summary and Background Information:
Clayton Properties Group II, Inc. (d/b/a Oakwood Homes) is proposing a Consolidated Service Plan to create Reunion Center Metropolitan Districts Nos. 1-5. The proposed districts would facilitate the construction of a ±432-acre residential and commercial development called Reunion Village, which would provide approximately 2,165 homes and 500,000 Sf of commercial building space. These districts’ proposed inclusion areas and improvements mirror those of the proposed Reunion Sports, Entertainment and Cultural District. These districts are proposed to exist as part and in coordination with the overall master planned Reunion community. As described in the Applicant’s narrative, “It is anticipated that the Districts will enter into one or more intergovernmental agreements defining the nature of the functions and services to be provided by each District, and the mechanisms by which the Districts will cooperatively fund the costs of the public improvements and provide services. The exact structure governing the relationship among the Districts has not yet been finally determined.” (See Applicant’s Project Narrative, which contains initial submittal information and may not reflect the current state of the Service Plan.)
The Service Plan:
· Provides for a multiple district structure (see Section V.C.).
· Proposes an initial District Boundary of .6 acres for each proposed District with a total inclusion area of 432 acres (see Section III, Exhibits A-1 & A-2, C-1 & C-2).
· Authorizes general powers and authority under Title 32 (Special District Act), subject to limitations in the Service Plan (see Sections II, V.A).
· Permits the districts to finance improvements funded by debt to...
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