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Board adopts intent resolution to consider Asensia Public Improvement District; levies, bond plan outlined
Summary
Santa Fe County adopted an intent resolution to consider formation of the Asensia Public Improvement District (approx. 240 acres). Staff described the PID structure, two levies (A for infrastructure with affordable‑unit exemption; B for enhanced services assessed to all properties), an anticipated 2027 bond series of about $22.4 million, and the county's role as bond conduit without obligation to repay defaults.
Santa Fe County commissioners on Jan. 27 adopted an intent resolution to consider the formation of the Asensia Public Improvement District (PID) and to continue the PID formation proceedings, with a developer presentation scheduled for Feb. 10.
Staff said the petitioner is Asensia Holdings LLC and Santa Fe Land Development Partners LLC, and that the proposed PID would contain roughly 240 acres to be developed in phases. Public improvements eligible for PID financing include on‑site roads, sidewalks, on‑site water systems and water rights, and…
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