District Documents
Financial Obligations
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 issued General Obligation Limited Tax Bonds on June 27, 2007, in the total amount of $835,000.
- The District has no current developer reimbursement agreements.