Agenda Date: 08/17/2021
Subject:
Title
Resolution 27-2021: Approving the Service Plan for Santa Fe Park Metropolitan Districts Nos. 1-4
Body
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Prepared by: |
Elizabeth Kay Marchetti, Senior Planner |
PURPOSE:
The request is for approval of the Service Plan for the Santa Fe Park Metropolitan District Nos. 1-4.
PRESENTATIONS:
Staff Presenter: Elizabeth Kay Marchetti, Senior Planner
Additional Presenter(s): Megan Murphy, Esq. - White Bear Ankele Tanaka & Waldron
SUMMARY:
Santa Fe Park LLC desires to form Santa Fe Park Metropolitan District Nos. 1-4 to facilitate the construction, operation, and maintenance of the new mixed-use community proposed at 7951 and 7875 S. Santa Fe Drive, Littleton, CO 80120. The proposed new districts would construct, maintain, and operate the new community, which is under review as a Major Site Development Plan with project number SDP20-0007 and as a Major Preliminary Plat with project number MAJ20-0001.
The approval of the proposed service plan for the metropolitan districts would only approve the creation of a financing mechanism (the metropolitan districts) and would convey no other approvals of any proposed development(s) currently under review by the city.
PRIOR ACTIONS OR DISCUSSIONS:
No prior actions or discussion have occurred on this request.
ANALYSIS:
Staff Analysis
The proposed service plan for the four new metropolitan districts complies with the “City of Littleton Policy for Reviewing Service Plans for Metropolitan Districts,” which comprises the standards against which all proposed metropolitan districts are measured. The proposed metro districts also comply with the goals and policies within the city’s Comprehensive Plan.
Council Goal, Objective, and/or Guiding Principle
Goal 2: Financial Sustainability
Fiscal Impacts
N/A
Alternatives
Denial of the resolution approving the Service Plan for the Santa Fe Park Metropolitan District Nos. 1-4 would prevent the applicant from forming the metro districts. The applicant could apply sometime in the future for approval of a revised service plan. It is not clear what alternative funding strategies the applicant could pursue.
STAFF RECOMMENDATION:
Approval of the resolution approving the Service Plan for the Santa Fe Park Metropolitan District Nos. 1-4.
PROPOSED MOTION:
Proposed Motion
I move to approve Resolution 27-2021 approving the Service Plan for the Santa Fe Park Metropolitan District Nos. 1-4.