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EC West metropolitan districts brief commissioners on proposed special improvement district financing; no county action taken
Summary
Counsel and financial consultants for EC West metropolitan districts presented a plan to use special improvement districts (SIDs) to finance local spine infrastructure and water/sewer improvements for a planned development covering approximately 1,464 acres and up to 2,850 residential units; the board received the presentation but took no action.
Representatives for the EC West metropolitan districts briefed the Elbert County Board of County Commissioners on June 11 about plans to form one or more special improvement districts (SIDs) to finance local public improvements within the EC West service area. Counsel said the metropolitan districts cover about 1,464 acres at County Road 29 and County Road 176 and anticipates up to 2,850 residential units; earlier service plans estimated spine public improvement costs of approximately $376,375,898.
Attorneys and consultants explained how SIDs would be…
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