Resolution 2012-43 - Laserfiche WebLink

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included Property to finance needed public infrastructure to improve access, utilities, and additional park and recreation amenities that benefit the District, including the included Property. The existing Service Plan for the District includes a fairly specific list of improvements that are to be furnished by the District. The District would like to expand that list by adding the public improvements shown in Exhibit C, which are within or adjacent to the included Property and tie to the improvements financed by the District. These public improvements make sense both for the Property and the rest of the District, vastly improving emergency access from the fire station on Main Street and improving convenience for the northern area residents by allowing a more direct route to the west via South Boulder Road. As a further incentive to the property owner to include the Property, the City's approval of this Amendment authorizes the District, subject to District Board approval, to finance and construct the public improvements listed on Exhibit C, using all or part of the District's remaining unused debt authorization to pay for them (inclusive of debt issue related costs). This Amendment does not increase the District's debt limit. The exact configuration of the public improvements depends on future City land use approvals. The finance plan attached as Exhibit B shows that the District has, or will have, the ability to discharge the proposed indebtedness on a reasonable basis. Any debt issued by the District must conform to the limits and restrictions in the Service Plan as amended. Conclusion 4