Park Union BID Documents

Audits and/or Audit Exemptions 
Budgets and Budget Amendments 
District Boundary Map 
Aerial view of urban area with highways, buildings, and a park; red boundary lines outline specific sections.
Elections 
Policies & Procedures (Including Public Records Requests) 
Operating Plan 
Statement of Financial Obligations 

Maximum Debt Service Mill Levy for a commercial district: 50 mills, subject to
adjustment as set forth in the Operating Plan.
B. Maximum Operations and Maintenance Mill Levy for a commercial district: 10 mills,
subject to adjustment as set forth in the Operating Plan.
C. Current Debt Service Mill Levy: 21.565 mills
D. Current O&M Mill Levy: 10.782 mills
E. Information regarding debt for the District is as follows:

  1. The District issued Limited Tax Supported and Special Revenue Bonds on June 30, 2020, in the total amount of $30,500,000.
    1. Term: December 1, 2049
    2. Interest rate: 8%
  2. The District does not intend to issue further debt at this time.

F. The District is party to the following developer reimbursement agreements:

  1. Reimbursement Agreement between Park Union Business Improvement District, CSJ No. 1, LLC, CSJ No. 2, LLC, Urban Enterprises, LLC, Urban Properties No. 4, LLC, and SRPC, LLC, dated December 14, 2017, amended December 31, 2018.
    1. Term: Automatically renews annually
    2. Interest rate: 6%
  2. Facilities Funding and Acquisition Agreement between Park Union Business Improvement District, CSJ No. 1, LLC, CSJ No. 2, LLC, Urban Enterprises, LLC, Urban Properties No. 4, LLC, and SRPC, LLC, dated December 14, 2017.
    1. Term: December 31, 2047
    2. Interest rate: 8%