Falcon Regional ParkThe El Paso County Board of County Commissioners approved a resolution for a non-exclusive permanent easement for Mountain View Electric Association at Falcon Regional Park. In May, the county and MVEA entered into an agreement in which MVEA would install and maintain the electric distribution system that serves the park. The agreement also indicated that electric service through this distribution system would be available to EPC residents once MVEA installs the new electric lines west of Eastonville Road.Meridian Ranch Filing No. 8The BOCC approved a partial release of a bond for public construction improvements for the Meridian Ranch Filing No. 8 subdivision in the amount of $2,796,580.30. All of the improvements have been completed and inspected. The amount of $348,767.20 will be held for the two-year defect warranty period and will be released at the end of the warranty period, providing no defects are found.The commissioners also approved the application for preliminary acceptance of certain streets within Filing No. 8 into the county road maintenance system, bringing the countyís total miles of maintained roads from 2,148.5 to 2,150.09 miles.Providence PointThe board approved the final plat for Marc and Cheryl Haesí property south of Hodgen Road and west of Farrar Drive. The final plat creates six single-family residential lots, totaling 32.89 acres, on property currently zoned residential rural. An additional 1.1 acres is designated for private roads, and a .06-acre tract is designated for a fire suppression cistern to be installed by the applicants. The parcels are located within the Black Forest Preservation Plan area.Copper Range ApartmentsThe BOCC approved the issuance and delivery of a multifamily housing revenue note for the Copper Range Apartments Project for up to $30,000,000 of private activity bond allocation. The funds will be used to build a 240-unit apartment complex at the corner of Woodmen Road and Black Forest Road to provide ìmore adequate residential housing facilities for low- and middle-income families and persons.î Repayment of the bonds is provided by the loan securing the debt, which will be underwritten and held by Citibank, N.A.. Additionally, the Colorado Housing and Finance Authority has agreed to award low-income housing tax credits for the project.This revenue note is made possible by the County and Municipality Development Revenue Bond Act.
