Loveland to mull moratoriums on metro districts, oil and gas drilling
LOVELAND – The Loveland City Council on Tuesday will consider motions that would enact a six-month moratorium on creation of residential metropolitan tax districts as well as a temporary moratorium on oil and gas drilling within the city.
Both moves could have impacts on the plans of McWhinney Real Estate Services Inc., developer of the Centerra projects on the city’s eastern edge.
A metro district is a type of special district similar to a school, fire or water district. Developers establish them to finance the infrastructure – such as roads, water and sewers – necessary to support a new subdivision by collecting…
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