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Tuscan Foothills Village Metropolitan District has an existing mill levy of 34.330 mills obligated to pay off Debt and 10.000 mills to fund Operations and Maintenance within the District. Right now, there is no discussion about the issuance of additional future mill levies. The Debt mill levy will remain until the obligated debt is paid off. The debt is set to mature on December 1, 2049, and there is no anticipated increase or decrease.

Here is a summary of the District’s current outstanding Long Term Financial Obligations:

CAPITAL APPRECIATION BONDS

Initial Debt Issuance Amount: $1,097,139.60

Maturity Date: December 1st, 2049

Interest Rate: 6.250%

The Tuscan Foothills Village Metropolitan District’s primary function is to collect tax revenue for repayment of Long-Term Debt and to provide for the operations and maintenance of the public open space, drainage improvements, and detention ponds following construction and conveyance of the improvements to the District and City. Currently, the District does not anticipate providing any additional primary functions.

The District currently owns multiple landscaped Tracts in Filing 1 and Pond A and is in the process of accepting additional Tracts in Filings 3(a), 3, and 4. Click here to view the Maintenance Responsibility Map.