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Planning commission forwards amended Lawson Ranch Metro District No. 6 service plan to county commissioners
Summary
The El Paso County Planning Commission unanimously approved and forwarded an amended and restated service plan for Lawson Ranch Metropolitan District No. 6 that lowers the district's maximum debt cap, preserves a 50-mill debt-service cap and 10-mill O&M cap, and authorizes bond issuance with a 40-year maximum maturity; the item goes next to the Board of County Commissioners for final action.
The El Paso County Planning Commission voted unanimously on Feb. 19 to forward an amended and restated service plan for Lawson Ranch Metropolitan District No. 6 (file ID 256) to the Board of County Commissioners.
Attorney Laura Heinrich, representing the applicant, told the commission the amendment reduces District 6's maximum debt limit from $80 million to $58 million while keeping the maximum debt-service mill levy at 50 mills and the operations-and-maintenance levy at 10 mills. "We respectfully request that you approve the amended and restated service plan for Lawson Ranch Metropolitan District Number 6 and refer it on to the Board of County Commissioners," Heinrich said during the presentation.
The service plan would allow the district to issue tax-exempt bonds in 2026 with a maximum maturity term of 40 years (exclusive of refunding). Heinrich said public improvements totaling approximately $58 million have been constructed for the project and that about $47.2…
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