Haymeadow Metropolitan Districts No. 1-6

 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)    Park and Recreation Improvements;

(b)    Drainage Improvements;

(c)    Streets Improvements;

(d)    Potable Water Improvements;

(e)    Nonpotable Water Improvements;

(f)     Sewer Improvements;

(g)    Transportation Improvements;

(h)    Traffic and Safety Controls;

(i)     Weed, Pest and Mosquito Control;

(j)     Fire Protection;

(k)    Security Services;

(l)     Covenant Enforcement; and

(m)  Street Lighting

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 Town of Eagle 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 Districts are authorized to collectively incur up to $87 million of Debt.

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

The primary sources of revenue for the Districts are ad valorem property taxes. Property taxes are determined annually by the District’s Boards of Directors and set as to rate or levy based upon the assessed valuation of the property within each District.

The Districts are also authorized to impose fees, rates, tolls, charges and penalties to offset the costs of the public services and facilities that the Districts provide.

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 Districts are authorized to impose a Maximum Debt Mill Levy of 50.000 mills, with such rate subject to certain adjustments permitted to compensate for changes to the calculation of 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.