Welcome to Tuscan Foothills Village Metropolitan District
About Tuscan Foothills Village Metropolitan District
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. At this time, there is no discussion regarding issuance of additional future mill levies. The Debt mill levy will remain until the obligated debt is paid off. The debt is currently set to mature on December 1, 2049 and there is currently no anticipated increase or decrease.
Here is a summary of the District’s current outstanding Long Term Financial Obligations:
Name of Debt | Initial Debt Issuance Amount | Maturity Date | Interest Rate |
Capital Appreciation Bonds | $1,097,139.60 | Dec. 1, 2049 | 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. At this time, the District does not anticipate providing any additional primary functions.
The District currently owns multiple landscaped Tracts in Filing 1, as well as 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.