CAGID

AcronymDefinition
CAGIDCentral Area General Improvement District (Boulder, CO)
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Rapid Debt Service Amortization: CAGID's debt profile consists of all fixed-rate debt and declining annual debt service.
Financial Metrics: Fitch's calculation of CAGID's debt service coverage ratio (DSCR) has consistently remained above 1.5x.
CAGID's closest peer is Bethesda Parking Lot District (AA/Stable).
The General Improvement District Chapter of the Boulder Revised Code vests in the Board the authority to levy and collect ad valorem taxes on all taxable property located within the boundaries of CAGID, without limitation as to rate or amount.