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Santa Fe commissioners approve Ascencia public improvement district formation with governance guardrails
Summary
The board approved a formation resolution for the Ascencia Public Improvement District after hearing developer presentations and extended Q&A about levies, homeowner protections and governance; commissioners added language retaining board authority to require corrective action if district conditions materially deviate from formation assumptions.
The Santa Fe County Board of County Commissioners voted Feb. 10 to approve a formation resolution for the Ascencia Public Improvement District, a financing tool the developer says will reimburse public infrastructure and fund long-term operation and maintenance.
Developers said the Ascencia community would include a mix of housing types and public amenities, and that the project team is committing $2,000,000 toward the county's Avenida Del Sur West roadway extension. "Asensia is contributing $2,000,000 to that effort," Jennifer Jenkins said during the…
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