Title
RESOLUTION APPROVING THE REUNION NATURAL RESOURCE METROPOLITAN DISTRICT SERVICE PLAN AND THE INTERGOVERNMENTAL AGREEMENT BETWEEN THE CITY OF COMMERCE CITY AND THE REUNION NATURAL RESOURCE METROPOLITAN DISTRICT IN CASE MD-115-19.
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Summary and Background Information:
Clayton Properties Group II, Inc. (d/b/a Oakwood Homes) is proposing a Service Plan to create Reunion Natural Resource Metropolitan District. The proposed district is organized as a financing district to provide revenues for various construction and service needs in the Reunion area. City Council approval of the Service Plan is required to allow the district to form.
Clayton Properties Group II, Inc. (d/b/a Oakwood Homes) is proposing a Service Plan to create Reunion Natural Resource Metropolitan District. The proposed district is organized as a financing district to provide revenues for various construction and service needs in the Reunion area.
As described in the Applicant’s narrative, “It is anticipated that the District will enter into one or more intergovernmental agreements with other existing Title 32 metropolitan districts within the master planned Reunion community identifying the nature of the functions and funding to be provided by the District for the benefit of the Reunion community, and the mechanisms by which the District will cooperatively fund the costs of the public improvements and provide services to such other existing districts. The exact structure governing the relationship among the District and the other existing Title 32 metropolitan district 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:
· Proposes an initial District Boundary of 24 acres with no additional inclusion area (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 ...
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