Special Districts Attorneys | Denver, CO
Special Districts
Special districts may issue tax-exempt debt to fund infrastructure capital projects and typically establish property-tax and service-charge revenue streams to retire their debt and fund ongoing operations and maintenance. This approach allows the funding of infrastructure at tax exempt rates and repays borrowing for infrastructure by the current and future property owners who enjoy the benefits of that infrastructure.
Completed public infrastructure is either (a) dedicated to the municipalities or counties in which they are located or (b) owned, operated and maintained by the special district. Which route is taken is a matter of negotiation between owner/developer and the relevant municipality or county.
Also see Public Infrastructure Development.