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Board approves Stonebridge metropolitan districts service plan, authorizes $26 million in debt
Summary
The Board approved a service plan to create six Stonebridge metropolitan districts covering about 160 acres north of Cowpoke Road; the plan authorizes up to $26 million in debt, a 50‑mill debt cap and an overall 65‑mill cap for districts.
The El Paso County Board of County Commissioners voted 5–0 on Aug. 21 to approve a consolidated Title 32 service plan to create Stonebridge Stonebridge Metropolitan District numbers 1 through 6, covering roughly 160 acres north of Cowpoke Road and east of Black Forest Road.
County staff described the proposal as a multi‑district structure intended to allow phasing of financing and construction. The plan requests a maximum combined debt authorization of $26,000,000, a debt service mill levy cap of 50 mills, an operations and maintenance cap of 10 mills and a…
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