Special District Group

Highlighted Transactions

 

Transaction Details

Par: $22,000,000

Yield: 4.875%

Debt Structure: Cash Flow, A3 Senior Only Bonds

Pledged Revenue: Debt Service Levy of 33.398 mills, Specific Ownership Taxes, & a Facility Fee of $1,000/SFD.

Use of Proceeds: Public Infrastructure Improvements within the District

Deal team

Banning Lewis Ranch Metropolitan District No. 8

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PROJECT DESCRIPTION

  • Colorado Springs, El Paso County, Colorado
  • Developed by Clayton Properties Group II, Inc., doing business as Oakwood Homes
  • Encompasses approximately 319 acres of currently developed and undeveloped land, and is anticipated to include 1,288 single-family detached houses, and will be constructed in three different phases
  • Construction commenced in June 2021 and full build-out is projected to finish in 2027
  • The District has a total public improvement budget of approximately $16,640,000

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