Barnes & Powers South BID

• Maximum Debt Service Mill Levy: 50.000 mills, subject to adjustment as set forth in the Operating Plan.
• Maximum Operations and Maintenance Mill Levy for a commercial district: 1.000 mills, subject to adjustment as set forth in the Operating Plan.
• Current Debt Service Mill Levy: 12.000 mills
• Current O&M Mill Levy: 1.041 mills
• The mill levies may increase as development progresses.
• Information regarding debt for the District is as follows:
  • The District issued General Obligation Limited Tax Bonds on June 27, 2007, in the total amount of $835,000.
    • Term: December 1, 2026
    • Interest Rate: 6.5%
  • The District does not intend to issue further debt in the near future.
• The District has no current developer reimbursement agreements.