Ponderosa Ridge Metropolitan District Nos. 1-5

HB 25-1219 Compliance

In accordance with Section 32-1-104.5(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.

 

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

(a) Sanitation and storm drainage (subject to certain limitations);

(b) Water (subject to certain limitations);

(c) Street improvements;

(d) Traffic and safety controls;

(e) Parks and recreation;

(f) Transportation;

(g) Television relay and translation;

(h) Mosquito and pest control;

(i) Security services (subject to certain limitations);

(j) Covenant enforcement; and

(k) Business development.

The Districts currently anticipate that District No. 2 may undertake construction of the following categories of public improvements: water, sanitation, drainage, streets, and park and recreation improvements.

The Districts do not currently provide any ongoing services. 

 

3. In accordance with the Districts’ Service Plan, the total maximum amount of debt the Districts can incur to provide and pay for public infrastructure is Seventy-Six Million Dollars ($76,000,000).

 

4. In accordance with the Districts’ Service Plan, the following revenue may be used to pay for the Districts’ debt:  any and all legally available revenues of the Districts, including general ad valorem taxes to be imposed upon all taxable property within the Districts.

 

5. In accordance with the Districts’ Service Plan, the maximum mill levy the Districts may assess to pay for its debt is as follows: 50.000 mills, subject to adjustment as set forth in the Service Plan.

 

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 the District if the resident lives within the boundaries of the District and is registered to vote in Colorado.