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Council approves service plan for Thornton Commons metropolitan district
Summary
After a staff presentation and remarks by the applicant, council approved a resolution authorizing the service plan and IGA for the Thornton Commons Metropolitan District, a commercial metro district planned for roughly 10.8 initial acres; the district would issue debt and could be assigned a private public improvement fee to help repay bond financing.
The City Council approved the service plan and an intergovernmental agreement (IGA) for the proposed Thornton Commons Metropolitan District, a commercial special district intended to finance public improvements for a mixed commercial/multifamily development.
Ellie Sobe, senior planner (speaker 24), summarized the district boundary (initial 10.8 acres, about 10.2 acres of future…
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