Douglas County is soliciting bids from direct lenders for three separate special assessment loans to finance infrastructure design and construction in three Local Improvement Districts (LIDs): Spring Canyon, Bannock Drive, and Country Club Drive. Proposals are due September 10, 2026, at 2:00 pm MDT, submitted electronically via the Rocky Mountain ePurchasing BidNet system. The evaluation will consider overall cost of capital, terms, and financing structure. The county reserves the right to reject proposals or use an alternative financing method.
The amount assessed per property is billed in ten equal installments, beginning June 2028, and payment terms are the same as for ad valorem property taxes, with half payments due the last day of February and June 15th, or a single full payment due by April 30th of each year. The amount assessed per property is billed in ten 10 equal installments, beginning june 2028
Evaluation of responses received will take into account overall cost of capital, terms, and conditions, call options and financing structure. evaluation of responses received will take into account overall cost of capital, terms, and conditions, call options and financing structure.
The awarded respondent will be required to deliver a certificate at closing, confirming that the respondent is a bank or entity controlled by a bank, with the present intent to hold the loans to maturity or earlier redemption or mandatory tender. The awarded respondent will be required to deliver a certificate at closing, in a form acceptable to thecounty and its counsel which confirms, among other representations, that the respondent is a a bank
If a taxpayer defaults on any payment, the full remaining multiyear balance due can be offered auctioned at the county's tax lien sale held on or before the second monday in december each year. per **** and ****.
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Questions will be received until 5: 00 pm mdt on thursday, august 20, 2026. questions will be received until 5: 00 pm mdt on thursday, august 20, 2026.
The total estimated value across the three LIDs is **** for proposal rfp **** local improvement district lid series 2026: 19, 580, 000 10, 360, 000 680, 000