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Ramblewood metropolitan district service plan approved to finance water, sewer and road improvements
Summary
Commissioners approved a new metropolitan district service plan for Ramblewood that would support central water and sewer connections, Alpine Drive paving and public park construction; the district boundary will exclude two ranch lots that remain on well and septic.
The Board of County Commissioners approved a new service plan Tuesday establishing a metropolitan district to finance public infrastructure for the Ramblewood development approved earlier in the meeting.
County staff said the proposed district boundaries are coterminous with the 68‑lot PD area and associated open‑space parcels; the two large ranch lots in the south are excluded because they will remain on well and septic. The service plan projects an estimated $9 million in improvements, authorizes total district debt up to $10,645,000 and proposes an initial debt service mill levy of 50 mills with operations mills of 15 mills; the plan also includes developer advance arrangements and a $1.1 million developer advance amount that the applicant does not expect to be repaid by the district.
Staff and the applicant revised the service plan during referral to clarify that Parker Water and Sanitation District does not yet include the project in its service area; the service plan states the district will apply for inclusion and Parker Water will not provide service until inclusion is complete. Hilltop Securities reviewed the revised financial plan and concluded the district can reasonably extinguish bonds within the service plan parameters, and BBC Research noted the market study lacks a formal absorption analysis but did not find the plan infeasible.
The plan includes standard model safeguards: mill levy caps, developer reimbursement limits, required annual reporting to the county, notice to purchasers and county approval thresholds for material modifications or dissolution. Commissioners asked technical questions about finance parameters and confirmed reporting and transparency requirements. The board approved the service plan, and staff will monitor financial reporting and work with the district on utility inclusion and implementation of public improvements.
