Department of Community Development
Reference: Prairie Corner Metropolitan District Service Plan
To: Mayor Gregory Mills and Members of City Council
Through: Marv Falconburg, AICP, Acting City Manager
Holly Prather, AICP, Community Development Director
Prepared By: Mike Tylka, AICP, Senior Planner
Date Prepared: August 17, 2020
PURPOSE
Pursuant to Article 1, Title 32, Colorado Revised Statutes, as amended, the City of Brighton has the authority to approve service plans for special districts (also known as metropolitan or simply metro districts) that are organized within the City's boundaries. City Council now has before it a proposal for a service plan for a new metropolitan district known as the Prairie Corner Metropolitan District (the "District") covering a portion of the greater Prairie Center development known as Prairie Corner.
STRATEGIC FOCUS AREAS
? Recognizable and Well-Planned Community
? Financially Responsible
? Supportive, Sustainable Infrastructure
? Strong Regional Relationships and Partnerships
BACKGROUND
The formal applicant, the districts' organizer is Prairie Corner Development Partners, LLC (the "Applicant"), and their team is additionally comprised of legal counsel from Collins Cockrel & Cole and the engineering firm of R&R Engineers-Surveyors, Inc. The Applicant's Financial Plan was formed by Stifel, Nicolaus & Company, Inc.
The proposed District will encompass 10.73 acres located at the northeast corner of the intersection of Interstate 76 and Eagle Boulevard/144th Avenue (the "Property"). The Applicant is proposing commercial uses and this is in line with the Comprehensive Plan's future land use designation for the Property of Mixed-Use Commercial as it is complementary to the greater mix of uses in the area. The Property is currently zoned C-3, General Retail and Services.
The Applicant is seeking the formation of the district to assist in the funding of needed improvements to serve the Pr...
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