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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 has no current developer reimbursement agreements.
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