The NoCo Herald

Larimer and Weld counties, Colorado

Clear, 48° in Timnath at 10:15 AM. Forecast high 64, low 38.

Timnath

Ladera plan keeps $95 million debt cap

·Timnath·Larimer County

From the Timnath Town Council meeting of

Council approved Ladera’s 2027 plan and budget, subject to technical or other non-substantive changes deemed necessary by the Town Manager. The plan anticipates $25 million in limited-tax general-obligation and special-revenue bonds in the first quarter of 2027; public-improvement costs across all phases are estimated at about $95 million. The unchanged $95 million debt authorization is shared with Ladera Metropolitan Districts Nos. 1 and 2. If either district issues debt, its principal amount, excluding refinancings, reduces the BID’s borrowing limit. The plan anticipates 25 adjusted mills for debt service, plus the 10 mills historically imposed for operations and maintenance. Its aggregate 50-mill cap on debt-service and general-operations levies per property is adjustable for qualifying changes after Jan. 1, 2018, in assessed valuation, tax credits, cuts, abatements or assessment ratios. Construction is underway and expected to continue in 2027; planned improvements include water, sanitation, streets, sidewalks, parking, lighting, landscaping and drainage. Parks and trails must be open free to the public, including Town residents outside the district.

Adopted with the consent agenda (carried).

More from this meeting

  1. Timnath Town Council meeting and work session, Oct. 27, 2026

    Timnath council backs $300,000 for economic development, holds off on $5.5 million river park; Timnath bans new septic systems from Jan. 1, 2027 and prohibits graywater use; Timnath adopts new Larimer County flood maps for federal insurance program; 5 consent items adopted.

  2. Item 2.aTimnath council backs $300,000 for economic development, holds off on $5.5 million river park

    The river park commitment awaits a master plan. Proposed changes also delay or trim several other parks and transportation projects, while projected working reserves move closer to the town’s 25% target.

  3. Item 6.aTimnath bans new septic systems from Jan. 1, 2027 and prohibits graywater use

    The ordinance also prohibits graywater collection, treatment and use in town, except by a compliant water district serving as a public water provider within the town. It takes effect upon adoption at second reading.

  4. Item 6.bTimnath adopts new Larimer County flood maps for federal insurance program

    The ordinance replaces the town's 2013 flood study reference, assigns administration to the Town Engineer and keeps variance appeals with the council unless a separate board is created.

  5. Item 6.cTimnath adds vinyl to permitted fence materials in land use code update

    The council acted Oct. 27 after a public hearing at which no one had signed up to speak.