Welcome to Woodmen Heights
Metropolitan Districts 1, 2 and 3
Woodmen Heights Metropolitan District No. 1 has no existing mill levy set and at this time there is no discussion on issuing any future mill levies. At this time, there is no discussion on any additional Long Term Financial Obligations anticipated by the District. There are no current Long Term Financial Obligations for the District. The Woodmen Heights Metropolitan District No. 1 provides the main function of providing the public infrastructure for the District with the collection of Capital Improvement fees collected at Plat. At this time the district is not anticipating any other primary functions. The District currently owns one parcel of land as depicted by the District Boundary map.
Woodmen Heights Metropolitan District No. 2 has an existing mill levy of 27.386 mills obligated to pay off Debt (see annual report) and 11.132 mills obligated to support Operations and Maintenance of the District, at this time there is not discussion on issuing any future mill levies. The Debt mill levy is set to stay in place until the obligated debt is paid off, current maturity date is set for December1, 2045, and there are currently no anticipated increases or decreases.
At this time there is no discussion on any additional Long Term Financial Obligations anticipated by the district. 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 |
|
Series 2020A |
$34,435,000 |
Dec. 1, 2045 |
2.84% |
|
Series 2020B-1 |
$7,310,000 |
Dec. 1, 2040 |
6.25% |
|
Series 2020B-2 |
$6,714,000 |
Dec. 1, 2040 |
7.50% |
The Woodmen Heights Metropolitan District No. 2 main function is to collect tax revenue to pay off the debt obligation and provide operations and maintenance within the District Boundaries. At this time the district is not anticipating providing any other primary functions. The District currently owns and maintains the parcels of land highlighted in the attached map.
Woodmen Heights Metropolitan District No. 3 has an existing mill levy of 24.600 mills obligated to pay off Debt (see annual report) and 5.000 mills obligated to support Operations and Maintenance of the District, at this time there is not discussion on issuing any future mill levies. The Debt mill levy is set to stay in place until the obligated debt is paid off in District No. 2 with the current Intergovernmental Agreement (IGA), current maturity date is set for December 1, 2045, and there are currently no anticipated increases or decreases.
At this time, there is no discussion on any additional Long Term Financial Obligations anticipated by the District. The District’s only obligation is to fund the repayment for District No. 2 through an IGA, here is a summary of the District No. 2’s current outstanding Long Term Financial Obligations:
|
Name of Debt |
Initial Debt Issuance Amount |
Maturity Date |
Interest Rate |
|
Series 2020A |
$34,435,000 |
Dec. 1, 2045 |
2.84% |
|
Series 2020B-1 |
$7,310,000 |
Dec. 1, 2040 |
6.25% |
|
Series 2020B-2 |
$6,714,000 |
Dec. 1, 2040 |
7.50% |
The Woodmen Heights Metropolitan District No. 3 main function is to collect tax revenue to pay off the debt obligation and provide operations and maintenance within the District Boundaries.