Proposed Kettle Creek metropolitan district would allow up to $8M debt for 122-unit development; final hearing set for Aug. 11

Allison Stocker, senior planner with Land Use Review, presented a service plan seeking council approval to create the Kettle Creek Metropolitan District north of Old Ranch Road in Council District 2 and to authorize up to $8,000,000 in debt issuance to finance public improvements.

Stocker said the district covers about 20.61 acres, anticipates roughly $5,100,000 in public improvement costs and contemplates about 122 residential units (a mix of single-family detached and single-family attached). The draft service plan requests a maximum debt mill levy of 50 mills and an O&M mill levy cap of 20 mills consistent with the model service plan; bond issuances were described as possible in 2027 and 2037 under the current proposal.

City staff noted no intergovernmental agreement (IGA) is required because the district will provide the services described, and that any service additions not listed would require a service-plan amendment and a return to council. The applicant’s representative said bonds are anticipated to be publicly issued but the service plan allows private issuance where appropriate. Stocker said the final hearing is scheduled for Aug. 11 provided the applicant records required materials with the county in time.

Council members asked for clarification about public vs. private issuance, amortization schedules and community outreach for unpopular projects; applicant counsel said the financial plan aligns with city models and that the bonds would run a 30‑year term if issued.