Meadow Lake Metropolitan District Nos. 1-3

HB 25-1219 Compliance

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;

(j) Water;

(k) Covenant enforcement.

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

(a) Fire protection (subject to certain limitations);

(b) Mosquito control;

(c) Parks and recreation;

(d) Safety protection;

(e) Sanitation (subject to certain limitations);

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

(g) Street improvement;

(h) Television relay and translation;

(i) Transportation;

(j) Water; and

(k) Covenant enforcement (subject to certain limitations).

The Districts have not initiated construction of public improvements.

The Districts do not currently provide any ongoing services.

3.  In accordance with the Districts’ Service Plan, the total amount of debt the District can incur to provide and pay for public infrastructure is an aggregate of Ninety-Five Million Dollars ($95,000,000).

4.  In accordance with the Districts’ Service Plan, the following revenue may be used to pay for the District’s debt: an ad valorem property tax mill levy without such promise being subject to annual appropriation.

5.  In accordance with the Districts’ Service Plan, the maximum mill levy the Districts may assess to pay for debt is: fifty (50) mills; provided, however, if after approval of this Service Plan, the laws of the State change with respect to the assessment of property for taxation purposes, the method of calculating assessed valuation or any other similar changes occur, an allowed adjustment to the Maximum Debt Service Mill Levy, Maximum Operational Mill Levy, or Maximum Special Mill Levy to be determined by the Board in good faith  so that to the extent possible, the actual tax revenues generated by the Maximum Debt Service Mill Levy, Maximum Operational Mill Levy or Maximum Special Mill Levy, are neither diminished nor enhanced as a result of such changes.

6.  Residents may serve on the Board of Directors of a District if they are eligible electors of that District. A resident is an eligible elector of a District if the resident lives within the boundaries of such District and is registered to vote in Colorado.