Jeffco’s Planning Commission has approved creating a metropolitan district for a proposed 50-home luxury development for seniors and empty-nesters at South Kipling Street and West Coal Mine Avenue.
The Silver Leaf Metropolitan District, if approved by the Jeffco commissioners, will allow developer Skyland Meadows to assess property taxes on homeowners in its development to pay for $3.6 million in infrastructure.
A public hearing on the development is tentatively set for Aug. 6 before the Jeffco commissioners. The development has received approval for zoning and its preliminary plat.
The county’s planning staff recommended against allowing the metropolitan district to form, citing county policy that special districts should not be formed to pay for public improvements required by land development regulations.
Despite the recommendation, the Planning Commission approved the creation of the district by a 5-2 vote.
A metropolitan district is a governmental entity that has voter-approved taxing authority and typically provides services like fire protection, parks and recreation, and mosquito control.
Future homeowners in the senior living community would be responsible for paying off the debt incurred by the district. The developer estimates the debt burden on a home in the development, which it believes will sell for about $700,000, would be about $46,000.
Skyland said one of the main reasons for forming the district would be to allow much of the 23.5 acres on the site to remain undeveloped. The goal would be to create a large amount of open space and trails that could be enjoyed by both residents and non-residents.
If the developer had to pay for the cost of the infrastructure, it would have to develop a larger percentage of the land.
Contact Ramsey Scott at firstname.lastname@example.org or 303-933-2233, ext. 22, and follow him on Twitter @RamseyColumbine.