Wheat Ridge council approves service plan for Legacy metropolitan districts to fund Lutheran campus redevelopment

The Wheat Ridge City Council voted Feb. 24 to approve a service plan and intergovernmental agreement enabling the creation of Legacy Metropolitan Districts Nos. 1–12 to fund public infrastructure for the redevelopment of the former Lutheran Legacy campus.

The plan, presented by Megan Murphy of White Bear Ankle Tanaka & Waldron on behalf of Intermountain Health, allows the metropolitan districts to issue up to $110 million of debt with a maximum debt mill levy of 67 mills and a statutory discharge (maximum debt imposition) term tied to state law. "There is a maximum debt mill levy imposition term, which is 40 years after the first imposition of a debt mill levy," Murphy said during her presentation, noting that the provision limits how long the debt levy can be imposed.

City staff said the proposed district boundaries include only parcels inside the roughly 100-acre Lutheran campus and that no properties outside that boundary would be taxed by the district. The service plan identifies about $99 million in public…