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.
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 Districts’ Service Plan, the Districts may provide the following public improvements and services:
The Districts shall have the power and authority to provide the Public Improvements and operation and maintenance services within and without the boundaries of the Districts as such power and authority is described in the Special District Act and in other applicable statutes, common law and the Colorado Constitution, subject to the limitations set forth in the Service Plan.
As contemplated by the Districts’ Service Plan and by separate agreement among the Districts, District No. 1 is responsible for constructing, operating and maintaining public improvements and providing services on behalf of the Districts, and District Nos. 2-10 will provide funding for the costs associated with the provision of public improvements and services by District No. 1. District No. 1 anticipates providing public improvement allowed pursuant to the Service Plan including, without limitation, water conservation through the installation of xeriscape landscaping, and regional improvements such as the construction of Weld County Road (“WCR”) 9.5 from WCR40 to WCR 38, installation of a sanitary sewer pipeline extending approximately six miles to St. Vrain’s wastewater treatment plan, and financially contributing to a proposed interchange at interchange at Interstate 25 and WCR 38 with CDOT, the Town and other stakeholders.
District No. 1 will provide 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.
3. In accordance with the Districts’ Service Plan, the total amount of debt the Districts can incur is as follows:
The Districts shall not issue Debt in excess of Two Hundred Fifty-Four Million Seven Hundred Seventy-Seven Thousand Five Hundred Seventy-Eight Dollars ($254,777,578).
4. In accordance with the Districts’ Service Plan, the following revenue may be used to pay for the Districts’ debt:
Debt is expected to be repaid by an ad valorem property tax no higher than the Maximum Debt Mill Levy and other legally available revenues of the Districts.
5. In accordance with the Districts’ Service Plan, the maximum mill levy a District may assess to pay for its debt is as follows:
The Maximum Debt Mill Levy that may be imposed by each District consisting of residential development and considered to be a residential district, shall be 55.664 mills, and subject to any future Mill Levy Adjustment.
The Maximum Debt Mill Levy that may be imposed by each District consisting of commercial development and considered to be a commercial district, shall be 45 mills, subject to the Mill Levy Adjustment.
Mill Levy Adjustment means, if there are changes in the method of calculating assessed valuation or any constitutionally mandated tax credit, cut or abatement, the applicable mill levy limitation may be increased or decreased to reflect such changes, such increases and decreases to be determined by each Board in good faith (such determination to be binding and final) so that to the extent possible, the actual tax revenues generated by the applicable mill levy, as adjusted for changes occurring on or after the date of approval of this Service Plan (or for purposes of the Town O&M Mill Levy, changes occurring on or after March 1, 2020), 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 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.