District Documents
General documents for Greenways Metropolitan District Nos. 1-3.
Budgets and Budget Amendments
Audits and/or Audit Exemptions
Boundary Maps
Annual Reports
Service Plan
Financial Obligations
Greenways Metropolitan District No. 1’s Financial Obligations
- Maximum Debt Service Mill Levy for a residential district: 30 mills, subject to adjustment as set forth in the Service Plan.
- Maximum Debt Service Mill Levy for a commercial district: 50 mills, subject to adjustment as set forth in the Service Plan.
- Maximum Operations and Maintenance Mill Levy for a residential district: 10 mills, subject to adjustment as set forth in the Service Plan.
- Maximum Operations and Maintenance Mill Levy for a commercial district: 10 mills, subject to adjustment as set forth in the Service Plan.
- Current Debt Service Mill Levy: 51.971 mills
- Current O&M Mill Levy: 10.394 mills
- The Debt Service Mill Levy for a residential district may not be in place longer than 40 years except as provided in the Service Plan.
- The mill levies may increase or decrease as development progresses.
- Information regarding debt for the District is as follows:
- The District issued General Obligation Limited Tax Bonds on August 12, 2021, in the total amount of $17,386,000.
- Term: December 1, 2051
- Interest Rate: 4.625%
- The District may issue additional debt in the future.
- The District issued General Obligation Limited Tax Bonds on August 12, 2021, in the total amount of $17,386,000.
- The District is party to the following developer reimbursement agreements:
- Facilities Funding and Acquisition Agreement between the District, Greenways Metropolitan District Nos. 1-3, and Elite Properties of America, Inc., dated December 15, 2020.
- Term: December 31, 2050
- Interest Rate: 8%
- Operations Reimbursement Agreement between the Greenways Metropolitan District Nos. 1-3 and Elite Properties of America, Inc., dated December 15, 2020.
- Term: Automatic annual renewal
- Interest rate: 8%
- Facilities Funding and Acquisition Agreement between the District, Greenways Metropolitan District Nos. 1-3, and Elite Properties of America, Inc., dated December 15, 2020.
Greenways Metropolitan District No.2’s Financial Obligations
- Maximum Debt Service Mill Levy for a residential district: 30 mills, subject to adjustment as set forth in the Service Plan.
- Maximum Debt Service Mill Levy for a commercial district: 50 mills, subject to adjustment as set forth in the Service Plan.
- Maximum Operations and Maintenance Mill Levy for a residential district: 10 mills, subject to adjustment as set forth in the Service Plan.
- Maximum Operations and Maintenance Mill Levy for a commercial district: 10 mills, subject to adjustment as set forth in the Service Plan.
- Current Debt Service Mill Levy: 38.570 mills
- Current O&M Mill Levy: 12.856 mills
- The Debt Service Mill Levy for a residential district may not be in place longer than 40 years except as provided in the Service Plan.
- The mill levies may increase or decrease as development progresses.
- The District does not currently have any general obligation debt but may issue debt in the future as development progresses.
- The District is party to the following developer reimbursement agreements:
- The District is party to a Capital Pledge Agreement with Greenways Metropolitan District Nos. 1 & 3 dated August 12, 2021, whereby the District pledged certain revenues to the repayment of District No. 1's bonds. The District may issue debt in the future.
- Operations Reimbursement Agreement between the Greenways Metropolitan District Nos. 1-3 and Elite Properties of America, Inc., dated December 15, 2020.
- Term: Automatic annual renewal
- Interest rate: 8%
Greenways Metropolitan District No.3’s Financial Obligations
- Maximum Debt Service Mill Levy for a residential district: 30 mills, subject to adjustment as set forth in the Service Plan.
- Maximum Debt Service Mill Levy for a commercial district: 50 mills, subject to adjustment as set forth in the Service Plan.
- Maximum Operations and Maintenance Mill Levy for a residential district: 10 mills, subject to adjustment as set forth in the Service Plan.
- Maximum Operations and Maintenance Mill Levy for a commercial district: 10 mills, subject to adjustment as set forth in the Service Plan.
- Current Debt Service Mill Levy: 35.933 mills
- Current O&M Mill Levy: 11.977 mills
- The Debt Service Mill Levy for a residential district may not be in place longer than 40 years except as provided in the Service Plan.
- The mill levies may increase or decrease as development progresses.
- The District does not currently have any general obligation debt but may issue debt in the future as development progresses.
- The District is party to the following developer reimbursement agreements:
- The District is party to a Capital Pledge Agreement with Greenways Metropolitan District Nos. 1 & 2 dated August 12, 2021, whereby the District pledged certain revenues to the repayment of District No. 1's bonds. The District may issue debt in the future.
- Operations Reimbursement Agreement between the Greenways Metropolitan District Nos. 1-3 and Elite Properties of America, Inc., dated December 15, 2020.
- Term: Automatic annual renewal
- Interest rate: 8%