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 Board of Directors of the District. 

1. A metropolitan district is a special district that provides any two or more of the following services: 

(a) Fire protection; 

(b) Mosquito control; 

(c) Parks and recreation; 

(d) Safety protection; 

(e) Sanitation; 

(f) Solid waste disposal facilities or collection and transportation of solid waste; 

(g) Street improvement; 

(h) Television relay and translation; 

(i) Transportation; and 

(j) Water. 

2. In accordance with the District’s Service Plan, the District may provide the following public improvements and services: 

(a) Sanitation, including storm sewer;  

(b) Water; 

(c) Streets; 

(d) Safety Protection; and  

(e) Parks and Recreation. 

The District has undertaken or anticipates undertaking construction of the public improvements listed above.

The District provides or will provide the following ongoing services: operation and maintenance services for the above listed public improvements that are not dedicated to the City or other governmental entity and covenant enforcement and design review services.   

3. In accordance with the District’s Service Plan, the total amount of debt the District can incur to provide and pay for public infrastructure is as follows: 

The District shall have the authority to incur debt in the total principal amount of $25,000,000 in 2019 dollars, as adjusted for inflation in accordance with the Denver-Aurora-Lakewood Consumer Price Index for all Urban Consumers or any successor index. 

4. In accordance with the District’s Service Plan, the following revenue may be used to pay for the District’s debt:   

The District may assess a mill levy on all taxable property in the District Boundaries as a source of revenue for repayment of debt service. 

5. In accordance with the District’s Service Plan, the maximum mill levy that the District may assess to pay for its debt is as follows: 

The District may assess a mill levy on all taxable property in the District Boundaries as a source of revenue for repayment of debt service and for operations.  Accordingly, a portion of the mill levy assessed by the District may support debt repayment and a portion may support operational costs, including the District’s administrative expenses.  Although the mill levy may vary depending upon the elected board’s decision to fund projects contemplated in the Service Plan, the maximum mill levy (“Mill Levy Cap”) the District may impose for the repayment of debt and the payment of operations and maintenance costs is 50 mills; provided that if, on or after January 1, 2029, there are changes in the method of calculating assessed valuation or any constitutionally mandated tax credit, cut or abatement, the mill levy limitation applicable to such debt may be increased or decreased to reflect such changes, such increases or decreases to be determined by the Board of Directors of the District in good faith so that to the extent possible, the actual tax revenues generated by the mill levy, as adjusted for changes occurring after January 1, 2029, are neither diminished nor enhanced as a result of such changes.  For purposes of the foregoing, a change in the ratio of actual valuation shall be deemed to be a change in the method of calculating assessed valuation. 

6. Residents within the 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.