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Commissioners approve first amendment to Compark Business Campus metropolitan district service plan to increase debt limit
Summary
The Board of County Commissioners on Oct. 14 unanimously approved a first amendment to the Compark Business Campus Metropolitan District service plan that raises the district's debt capacity and authorizes a nonresidential subdistrict to finance public infrastructure.
Douglas County commissioners unanimously approved a first amendment Oct. 14 to the Compark Business Campus Metropolitan District service plan that raises the district's total debt limit and authorizes the formation of a nonresidential subdistrict to finance public infrastructure.
Staff presented the amendment as a largely financial request and the board agreed to consider it without a separate Planning Commission hearing. Principal planner DJ Beckwith told the board the amendment would increase the district debt cap from $50,000,000 to $68,500,000, reduce the maximum allowable interest…
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