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Council reviews multiple metro-district service-plan changes and a BID exclusion; staff to resolve ARI questions
Summary
Staff presented amended and new service plans for multiple metropolitan districts and a request to exclude an 8.1‑acre parcel from the Porteo BID; council directed staff to resolve questions about ARI mill‑levy treatment and resident protections before forwarding items to public hearing.
Development and special‑district staff presented three related items: an amended and restated service plan for the ACC Metropolitan District (to enable road improvements and bond issuance), a request to exclude an approximately 8.1‑acre parcel from the Porteo Business Improvement District (BID), and a set of service‑plan amendments and new approvals for multiple Cottonwood Creek metropolitan districts (numbers 3–10).
Michael Kerrigan, special‑districts administrator, said the ACC District (located near Piccadilly Road and Smith Road) needs an amended plan to reflect estimated costs for improvements to Piccadilly and Smith and to increase the district’s maximum debt as the developer plans to issue bonds. He said council would hold a public hearing on the ACC plan at the June 23 council meeting if the committee forwards the item.
On the Porteo BID exclusion, staff said the owner of an ~8.1‑acre parcel requested exclusion and the BID board previously approved exclusion; the parcel has not been subject to BID debt because the BID has issued no debt.
Cottonwood Creek districts 3–5 amendments and creation/approval for districts 6–10 update estimated public‑improvement costs, build‑out population estimates, debt limits and revise the ARI (area‑related Infrastructure) mill‑levy treatment. Kerrigan said the proposed change sets a flat five mills for 40 years (instead of graduated tiers) to make ARI mill‑levy treatment “more certain and less risky to bond against.” Kerrigan gave aggregate numbers: the new service plans set a higher maximum debt limit (roughly $330 million) up from $220 million, and updated estimated infrastructure costs to about $257 million from $157 million.
Council members raised concerns about ARI language, resident protections and what happens to mill‑levy revenue if debt is retired early. Legal counsel and district representatives said mill levies are set annually by a metro‑district board and would be adjusted if no debt remains, but the committee requested additional legal and equity review and an offline meeting between staff, legal counsel and council members before the district items move forward. Staff agreed to follow up and report back before scheduling the public hearings.
