Special District Group

Highlighted Transactions


Transaction Details

Par: $10,380,000

Coupon/Yield: 5.750% / 5.250%

Debt Structure: Cash Flow, A3 Senior Only Bonds

Pledged Revenue: Debt Service Levy of 10.019 mills & Specific Ownership Taxes

Use of Proceeds: Public Infrastructure Improvements within the District

Deal team

Banning Lewis Ranch Regional Metropolitan District No. 2

description here


  • Colorado Springs, El Paso County, Colorado
  • Developed by Clayton Properties Group II, Inc., doing business as Oakwood Homes
  • Encompasses approximately 632 acres of currently developed and undeveloped land, and is anticipated to include 2,569 single-family detached houses, certain recreational facilities, an elementary school site, park areas, and other open spaces
  • The development will be constructed in six phases
  • Construction commenced in June 2021 and full build-out is projected to finish in 2030
  • The District has a total public improvement budget of approximately $8,568,000