Paint brush hills metro full#
The metro district would source mostly from the Arapahoe and Laramie-Fox Hills aquifers, but offsite wells from neighboring lands owned by 4 Way Ranch will “likely be needed” for full development, meeting documents show. An acre-foot of water is enough to cover an acre of land to a depth of about one foot and is considered the amount needed by a family of four for about a year. The Grandview Reserve Metro District would provide water to the Grandview Reserve subdivision, which needs about 1,200 acre-feet a year, developers said. The district also said forming four new Grandview Reserve Metropolitan Districts “would provide an economic alternative for services and would eliminate undo financial burden” on the 4-Way Ranch Metro District No. In a March 31 letter addressed to commissioners and included in meeting documents Tuesday, the 4-Way Ranch Metropolitan District said it cannot provide services to the proposed Grandview Reserve subdivision because it does not have enough water. 2 already existed and could serve Grandview Reserve.ĭevelopers contended several other nearby districts - including the 4-Way Ranch, Meridian Ranch and Woodmen Hills metro districts - cannot support nor pay for traffic, water and storm drainage improvements planned for the area, meeting documents show.Ĭourtesy of El Paso County/Edward-James Surveying Inc. Parsons said developers now proposed issuing $295 million in debt because of increased construction costs.Ĭounty commissioners denied the developer’s original request last October, saying they were legally bound by state law not to form the districts because, they argued, the adjacent 4-Way Ranch Metro District No. The proposal presented Tuesday was revised from a previous request to form five new metropolitan districts that proposed issuing $250 million in debt to build the new development. Owners of a newly built $400,000 home in the subdivision could owe about $1,859 in taxes annually, Dykstra said.
Developers will charge each future property owner special district taxes to finance the $295 million debt. County planner Kari Parsons said homes were expected to sell on average for about $340,000.
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