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RESOLUTION APPROVING THE REUNION SPORTS, ENTERTAINMENT, AND CULTURAL METROPOLITAN DISTRICT SERVICE PLAN AND THE INTERGOVERNMENTAL AGREEMENT BETWEEN THE CITY OF COMMERCE CITY AND THE REUNION SPORTS, ENTERTAINMENT, AND CULTURAL METROPOLITAN DISTRICT IN CASE MD-113-19.
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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 the Reunion Sports, Entertainment & Cultural Metropolitan District. The proposed district would facilitate the financing and operation of sports, entertainment, and cultural venues and related infrastructure. The district is proposed to exist as part and in coordination with the overall master planned Reunion community and to partner in the future with the City to create a statutory Authority. 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 the Reunion Sports, Entertainment & Cultural Metropolitan District. The proposed district would facilitate the financing and operation of sports, entertainment, and cultural venues and related infrastructure. The district is proposed to exist as part and in coordination with the overall master planned Reunion community and to partner in the future with the City to create a statutory Authority. The district’s proposed inclusion areas and improvements mirror those of the proposed Reunion Center Metropolitan Districts. As described in the Applicant’s narrative, “it is anticipated that the District will coordinate and cooperate with Reunion Center Metropolitan District Nos. 1-5 in relation to the design, acquisition, construction, installation, relocation, redevelopment, maintenance and financing of the Public Improvements within and without the District Boundary, and will enter into such intergovernmental agreements as may be necessary in relation to the same. The exact structure governing th...
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