Skip to main content
Loading…
This section is included in your selections.

a. Compliance with format. Petitioners shall file a proposed service plan and fifteen (15) additional copies with the Town Clerk. The proposed service plan shall substantially comply with the format of any model service plan, if any, adopted by the Town Board.

b. Application and processing fee. The application and processing fee for a service plan shall include a two thousand-five hundred dollar ($2,500.00) deposit, and a seven hundred fifty dollar ($750.00) fee, provided that, if the Town Board determines that special review of the service plan or amendment is required, the Town Board may impose an additional fee to reimburse the Town for reasonable direct costs related to such special review. The Town Administrator may waive all or any portion of the application and processing fee for smaller Districts initiated by the Town’s existing residents or businesses. The Town will reimburse any portion of the application and processing fee that is not expended by the Town.

c. Copy of petition filed with service plan. A copy of the proposed petition to be filed with the district court must be included with the proposed service plan filed with the Town.

d. Service plan filed at same time as petition for annexation. If a District is desired, the proposed service plan shall be filed on any proposed district at the same time as the petition for annexation. If the proposed territory is already annexed to the Town and a District is desired, then the proposed service plan shall be filed concurrently with the zoning application and/or sketch plan/preliminary plat. Exceptions to this provision shall be in the sole discretion of the Town Board, after a recommendation from the Town Administrator as to the proposed District’s fitness and public purpose.

e. Service plan contents. The proposed service plan shall include the following:

1. The information required under Section 32-1-202(2), C.R.S.

2. A map of the proposed District boundaries with a legal description, or lot and block description.

3. An itemization of any costs which petitioners expect to be assumed by the Town for the construction of public improvements.

4. Proof of ownership for all properties within the District or proof of ownership of the property owned by the petitioners within the District.

5. A copy of any and all proposed, contractual and/or operations documents which would affect or be executed by the proposed District, including the form of the intergovernmental agreement between the District and the Town.

6. A capital plan including the following:

(a) A description of the type of capital facilities to be developed by the District;

(b) A description of additional amenities that would enhance the value and quality of life for the stakeholders of the district (i.e. pools, clubhouses, recreation facilities, within the district).

(c) An estimate of the cost of the proposed facilities; and

(d) A pro forma capital expenditure plan correlating expenditures with development.

7. A financial plan including the following:

(a) The total amount of debt issuance planned for the five-year period commencing with the formation of the District;

(b) All proposed sources of revenue and projected District expenses, as well as the assumptions upon which they are based, for at least a ten-year period from the date of the District formation;

(c) The dollar amount of any anticipated financing, including capitalized interest, costs of issuance, estimated maximum rates and discounts, and any expenses related to the organization and initial operation of the District;

(d) A detailed repayment plan covering the life of any financing, including the frequency and amounts expected to be collected from all sources;

(e) The amount of any reserve fund and the expected level of annual debt service coverage which will be maintained for any financing;

(f) The total authorized debt for the District;

(g) The provisions regarding credit enhancement, if any, for the proposed financing, including, but not limited to, letters of credit and insurance; and

(h) A list and written explanation of potential risks of the financing.

8. Such other information contained in the model service plan or as may reasonably be deemed necessary or appropriate by the Town. (Ord. 791, 2005; Ord. 846, 2006)