Bond Refinance Survey
The Murphy Creek Metro District 3 Board is contemplating an amendment to the Service Plan that would allow for the removal of the protection of the mill levy cap.
If property values go down, our property taxes could go up by an unlimited amount in order to meet our debt service. Currently, the mill levy cap protects against this. The removal of the cap means the removal of the protection.
Even though the board has instructed the underwriters to come back with more options and scenarios, the amendment is still in process and will be heard by City Council on October 30, 2017, at 7:30PM, at the Aurora Municipal Center, 15151 East Alameda Parkway, in Council Chambers.
Notice of this public hearing has been mailed to Murphy Creek residents, along with the rules for submitting protests and objections.
We have submitted to the Metro District 3 board requests to postpone the hearing until another community meeting can be held to provide more information and clarification.
We would like to know your thoughts about the refinancing, the service plan amendment, and the possible postponement of the hearing, so we ask you to complete the survey below.