HomeMy WebLinkAbout951074.tiff n C'. .f, 'f. (Vrain cS'anitatiorz Histlict 515 Kimbark Street
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May 1, 1995
Board of County Commissioners
Weld County
P. 0. Box 758
Greeley, Colorado 80632
Re: Proposal for the Elimination of Area North of WCR-28 from the I-25
Mixed Use Development Area
Dear County Commissioners:
Approximately ten years ago, Weld County and The Colorado Department of Health
advised landowners that there would be no further development along the I-25
and Highway 119 corridors without a municipal type wastewater collection and
treatment system to assure protection of the surface and groundwater resources
in the area. There followed a series of landowner meetings leading to the
organization of St. Vrain Sanitation District to address this requirement. A
Service Plan was submitted to and approved by Weld County as part of the
Section 32, C.R.S. , Special District creation process. This Service Plan
defined a "service area" which was and is the basis for capacity and financial
planning.
The District thereupon issued General Obligation Bonds, Series 1987 , for
S3,545,000.00 to construct the core collection and treatment facilities. About
this same time, the landowners of the area proposed and Weld County adopted the
I-25 Mixed Use Development Area in its Comprehensive Plan. This debt was then
refinanced in 1991 in the amount of $4,465,000.00. The I-25 Mixed Use
Development Area provided the St. Vrain Sanitation District a thoughtful
long-range land use plan which would allow reasonable development while
protecting the environment. The District's long-range plan and investment were
made with the understanding and expectation that the Ccmrehensive Plan would be
followed. Landowners in the area relied and planned similarly.
This District's public investment is secured by the full faith and credit of
all property within the District. Debt repayment is predicated upon the
collection of connection fees throughout the service area, with property tax
revenues providing coverage for periods of too little development. Debt
payments extend over twenty years, increasing each year from $340,938.00 to
8497,970.00 in the anticipation of increasing development over time. A total
of $9,314,926.00 is to be paid in interest and principal .
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06II DC �'L; F1'cfi
Board of County Commissioners
May 1 , 1995
Page 2
Certain locations within the I-25 Mixed Use Development Area have the potential
for early development to meet the needs of early year debt repayment , while
other areas will not develop for years. One of these early development areas
is the northern tier of the I-25 Mixed Use Development Area. It needs to
remain in the I-25 Mixed Use Development Area to contribute to the financial
viability of the District. Portions of this area have already been annexed by
the Town of Mead and permitted to develop utilizing septic systems. This has
already been a significant deviation from the long-range plan and detrimental
to the District and its property owners. We believe that when public
investment has been made based on the County's approval of the District's
Service Plan, including its financial plan and corresponding service area, the
plan needs to be carried out.
Accordingly, to help ensure the financial integrity of St. Vrain Sanitation
District , as well as ensure the highest standards of public health and
environmental stewardship, it is strongly urged and requested that the northern
tier of the I-25 Mixed Use Development Area be maintained in its present
configuration.
Very truly yours,
VRAIlV SANITATIION DISTRICT
By 'A
llace . Grant
resident.
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