Welcome to Bent Grass Metropolitan District!
Bent Grass Metropolitan District has an existing mill levy of 26.000 mills obligated to pay off Debt (see Annual Report) and 8.641 mills to fund operations and maintenance with the District; at this time there is not discussion on issuing any future mill levies. The Debt mill levy is set to stay in place until the obligated debt is paid off, current maturity date is set for December 1, 2049, and there are currently no anticipated increases or decreases.
At this time, there is no discussion on any additional Long Term Financial Obligations anticipated by the District. Here is a summary of the District’s current outstanding Long Term Financial Obligations:
Name of Debt | Initial Debt Issuance Amount | Maturity Date | Interest Rate |
| Series 2020 | $6,750,000 | December 1, 2049 | 5.5% |
The main function of the Bent Grass Metropolitan District is to collect tax revenue to pay off the current Long Term Debt and maintain certain neighborhood parks and entry features within the District Boundaries. At this time, the District is not anticipating providing any other primary functions. *See map for property owned by the District.
What's New in Bent Grass MD
Notice Of Meeting
Bent Grass Metropolitan District
El Paso County, Colorado
NOTICE IS HEREBY GIVEN that the Board of Directors (the “Board”) of Bent Grass Metropolitan District, El Paso County, Colorado (the “District”), will meet in a regular meeting at the District’s offices, 119 N. Wahsatch Ave., Colorado Springs, Colorado 80903, on Tuesday, the 1st day of April, 2025, at the hour of 10:30 a.m.
At this meeting, it is anticipated that the Board will make a final determination to issue and refund general obligation indebtedness. Specifically, the District will consider adoption of a resolution authorizing the issuance of its General Obligation Limited Tax Refunding and Improvement Bonds, Series 2025 in the maximum principal amount of $16,000,000 for the purpose of refunding its existing general obligation indebtedness and paying or reimbursing the costs of public improvements for the District. Pursuant to the Supplemental Public Securities Act, no legal or equitable action brought with respect to any legislative acts or proceedings in connection with the authorization or issuance of such bonds may be commenced more than thirty days after the authorization of such bonds pursuant to the aforementioned resolution.
The Board will also take up such other business as may be before the Board. The meeting is open to the public, and members of the public are encouraged to participate by teleconference via the following teleconference information: 213-463-4500 and access 425-501-245.
*NOTE: given current events and advice and directives from state and federal agencies to avoid public gatherings due to public health concerns related to COVID-19, the meeting will be accessible via teleconference. All Board members, consultants and members of the public are encouraged to participate by teleconference utilizing the above listed teleconference information.
Pursuant to the provisions of the Supplemental Public Securities Act, one or more members of the Board may participate in this meeting and may vote on the foregoing matters through the use of a conference telephone or other telecommunications device.
This notice is given by order of the Board of Directors of the District.
| BENT GRASS METROPOLITAN DISTRICT, EL PASO COUNTY, COLORADO |
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Posted at the District web site and at the County web site for special district notices. Not less than 72 hours prior to the meeting.
- February 2025
- March 2025
- April 2025
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