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City staff brief council on proposed Contrarian Airport metro districts and special improvement districts
Summary
City Planning Director Kevin Walker presented a consolidated service plan on Aug. 11 to form six Contrarian Airport metro districts for about 320 acres northwest of the airport, and explained a request to use special improvement (assessment‑lien) financing that staff says must be retired before sale to end users.
City Planning Director Kevin Walker presented a consolidated service plan for six proposed Contrarian Airport Metropolitan Districts to the City Council on Aug. 11, describing the project area, projected infrastructure costs and a request to permit the districts to use special improvement district (SID) assessment‑lien financing in addition to traditional metro‑district bond issuance.
Walker said the total project area is about 320 acres northwest of the airport near Mark Sheffel Road and Peterson Space Force Base. The applicant proposes six initial metro districts under a consolidated model service plan, and Walker described an issuance limitation request of $400,000,000 and a first‑year operating budget of about $100,000. Engineering estimates in the packet list about $245,000,000 for public improvements (roads, stormwater, utilities), with additional soft…
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