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Developers brief commissioners on proposed SID financing for EC West Metropolitan Districts; no action taken
Summary
Representatives for EC West Metropolitan Districts explained how special improvement district (SID) financing would be used to fund local street and storm infrastructure for the EC West development; the board received the presentation and took no action.
Legal counsel and financial and engineering consultants for EC West Metropolitan Districts presented on June 11 to explain the proposed use of special improvement districts (SIDs) as a financing tool to fund local infrastructure for the EC West development. The panel described SIDs as an instrument authorized under Colorado’s Title 32 for metropolitan districts to finance specific, on‑lot improvements through assessment liens that are cleared before a certificate of occupancy is issued.
Paula Williams, counsel…
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