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Tuscan Foothills residents seek refinancing to eliminate $70 monthly fee; council to consider service‑plan amendment
Summary
Residents of Tuscan Foothills Village Metropolitan District asked the council to approve a service‑plan amendment that would increase certain mill levies and a debt cap so the district can refinance debt and reduce a $70 monthly household fee.
Allison Stocker, senior planner with the City of Colorado Springs land‑use review division, told council on June 9 that the Tuscan Foothills Village Metropolitan District is requesting a limited service‑plan amendment to raise the operations and maintenance mill levy from 10 to 20 mills, the debt service mill levy from 30 to 35 mills and the district’s maximum authorized debt from $1.1 million to $2.0 million.
“All of the increases are within the confines of the model service plan,” Stocker said, noting the city’s model allows an O&M maximum of 20…
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