Metropolitan District - General Explanation
In accordance with Section 32-104.5(3)(X), C.R.S., the following general explanation in plain, nontechnical language, is provided. This information is intended to be read in conjunction with all applicable legal requirements, governing documents, agreements, resolutions, and determinations of the Boards of Directors of the Districts.
A metropolitan district is a special district that provides any two or more of the following services:
- Fire protection;
- Mosquito control;
- Parks and recreation;
- Safety protection;
- Sanitation;
- Solid waste disposal facilities or collection and transportation of solid waste;
- Street improvement;
- Television relay and translation;
- Transportation; and
- Water.
In accordance with the Districts’ Service Plan, as amended, the Districts may provide the following public improvements and services:
- Sanitation;
- Water;
- Streets;
- Traffic and Safety Controls;
- Television relay and translation;
- Transportation;
- Parks and Recreation;
- Mosquitos and Pest Control
- Security; and
- Covenant Enforcement.
As contemplated by the Districts’ Service Plan and by separate agreement among the Districts, District No. 1 provides or anticipates providing the following public improvements for the benefit of the Districts:
- Wastewater System;
- Water System;
- Storm Drainage;
- Street System and Traffic Safety;
- Parks and Recreation; and
- Transportation.
By separate agreement, District Nos. 2 and 3 provide funding for the costs associated with the provision of public improvements and services by District No. 1.
District No. 1 provides the following ongoing services on behalf of the Districts: operation and maintenance services of public improvements owned by District No. 1 and located within the boundaries of the Districts and covenant enforcement services.
- In accordance with the Districts’ Service Plan, as amended, the total amount of debt the Districts can incur to provide and pay for public infrastructure i: $22,000,000, exclusive of costs of issuance, organizational costs and other similar cots.
- In accordance with the Districts’ Service Plan, as amended, the following revenue may be used to pay for the Districts’ debt:
All bonds issued by the Districts may be payable from any and all legally available revenues of the Districts, including general ad valorem taxes to be imposed upon all taxable property within the Districts.
- In accordance with the Districts’ Service Plan, as amended, the maximum mill levy a District may assess to pay for its debt is as follows:
The maximum mill levy the Districts may impose for the payment of general obligation debt and operations and maintenance expenses shall be 25 mills (the “Mill Levy Cap”). The Mill Levy Cap shall be subject to adjustment if the laws of the State change with respect to the assessment of property for taxation purposes, the ratio for determining assessed valuation changes, or other similar changes occur. In any of these events, the Mill Levy Cap shall be automatically adjusted so that the tax liability of individual property owners neither increases nor decreases as a result of any such changes, thereby maintaining a constant level of tax receipts of the Districts and overall tax payments from property owners.
- Residents within each District may serve on the Board of Directors of the District if they are eligible electors of the District. A resident is an eligible elector of the District if the resident lives within the boundaries of the District and is registered to vote in Colorado.