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PROCEEDINGS OF THE BOARD OF COUNTY COMMISSIONERS

Monday, November 29, 1999

MEETING REGARDING LOVELAND GID #1

(#557)

The Board of County Commissioners met at 10:30 a.m. in regular session with Diane Martell, Engineering Staff Services Manager. Chair Olson presided and Commissioners Disney and Rennels were present. Also present were: Mark Peterson, County Engineer; Dan Herlihey, McWhinney Enterprises; Dave Dwyer and Michelle Gibbens, Bond Counsels; Stephanie Chichester and Stan Solodky, Underwriters for A.G. Edwards & Sons, Inc. Recording Clerk, Sherry Graves.

Mr. Herlihey described the Loveland Special Improvement District (SID) #1, which is a portion of a larger project McWhinney Enterprises, Inc. is in the process of developing--a Master Plan Community known as Rocky Mountain Village--approximately 3,000 acres in size, located in the vicinity of the I-25 and Highway 34 Interchange. Mr. Herlihey stated that the SID is in the core of Rocky Mountain Village and there are approximately 290 acres in the SID; he described in detail the location of the SID, noting on a large map the portions of land in the City of Loveland and in Larimer County. Mr. Herlihey stated that the County roads included in this SID, which will be improved, are CR 24, on the north side of the dog track, CR 7 up to Western Area Power Administration, and a portion of CR 24E; he noted that the remainder of these roads will be funded by a later project and possibly with a subsequent SID.

Mr. Herlihey noted that the portion of land in Larimer County is part of an annexation application to the City of Loveland and they anticipate approval of the annexation to be either next spring or summer of 2000, but their SID precedes that approval. Mr. Herlihey continued that the general nature of the improvements funded by the SID are public infrastructure improvements that will ultimately be owned by the City of Loveland, such as streets, water, sanitary sewer, storm drainage, electric, streetscape landscaping, and public art.

Mr. Dwyer informed the Board that State Statute permits the City to include County lands in a SID if the County consents to it and they have prepared a resolution for the Board to approve and sign so they can proceed with their financing. Discussion regarding funding ensued. Mr. Herlihey stated that the amount of improvements will not be limited by the SID; he noted they will be required to make whatever level of improvements are required by jurisdictional agencies and they have estimated the amount of funds that are needed with some contingency, but realize that if there is not enough money, it does not relieve them of making those improvements as required by the jurisdictions.

Mr. Dwyer indicated several revisions recently made to the resolution; the Board stated that those revisions must be reviewed and approved by the Assistant County Attorney before the Chair can sign the resolution.

M O T I O N

Commissioner Disney moved that the Board of County Commissioners approve the Resolution consenting to the Formation of the City of Loveland Special Improvement District No. 1, subject to approval by the County Attorney, and authorize the Chair to sign.

Motion carried 3 - 0.

R99-172g RESOLUTION CONSENTING TO THE FORMATION OF THE

CITY OF LOVELAND SPECIAL IMPROVEMENT DISTRICT

NO. 1

The meeting adjourned at 10:50 a.m.

 

 

___________________________________________

CHERYL OLSON, CHAIR LARIMER COUNTY

BOARD OF COMMISSIONERS

MYRNA J. RODENBERGER

LARIMER COUNTY CLERK & RECORDER

( S E A L )

ATTEST:

 

___________________________________

Sherry E. Graves, Deputy County Clerk

 

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