1) Board members are qualified taxpayers of the district.
2) Board controls and directs operations and services without the involvement of a "service" or "operations" district or IGA controlled by a developer.
3) Maintains a debt-to-assessed value ratio of less than 50 percent.
4) Maturity on debt no more than 30 years from the ORIGINAL issued debt (as to not just extend maturity forever)
5) Debt service mill levy should be no more than 50 mills (preferably less than 35 mills) and no more than original debt service mill levy.
6) Able to provide for all services within operational mill levy (without adding on large monthly fees for services)
7) Develop a sufficient cash balance reserve fund to pay for future repairs and replacements.
8) Timely and complete the build-out of the subdivision without incurring debt that exceeds #3 and #4 above.
9) If an original developer fails, negotiates a fair and arms-length agreement with new developer to complete the remaining development without imposing additional costs on existing taxpayers (i.e., cash neutral or better so that existing taxpayers pay no more)
10) Able to finance homeowner-driven projects and improvements (landscaping, traffic safety, security, recreation, etc.) with existing tax revenues.
11) Able to effectively negotiate and work with city/town/county on developing and funding neighborhood improvements that offer value such as parks and recreation facilities.
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