Metropolitan District - General Explanation
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:
(a) Sanitation and Storm Drainage
(b) Water
(c) Streets
(d) Traffic and Safety Controls
(e) Parks and Recreation
(f) Transportation
(g) Television Relay and Translator
(h) Mosquito and Pest Control
(i) Security
(j) Covenant Enforcement
The Districts have undertaken or anticipate undertaking construction of the following categories of public improvements:
(a) Wastewater System
(b) Storm Drainage
(c) Portable Water System
(d) Non-Potable Irrigation Water Systems
(e) Street System and Traffic Safety
(f) Park and Recreation.
The Districts provide or will provide the following ongoing services: operation and maintenance services for the above listed public improvements that are not dedicated to the City of Loveland.
By separate agreement, District No. 1 is anticipated to provide for the construction, operation and maintenance of the public improvements and District No. 2, No. 3 and No. 4 will assist in providing District No. 1 with funding for the public improvements and services.
3. In accordance with the Districts’ Service Plan, the total amount of debt the Districts can incur to provide and pay for public infrastructure is as follows:
The maximum amount of Debt which may be incurred by the Districts collectively shall be $34,000,000 (“Debt Limit”).
4. In accordance with the Districts’ Service Plan, the following revenue may be used to pay for the Districts’ debt:
All bonds and other Debt issued by the Districts may be payable from 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 (“Mill Levy Cap”) the District may assess to pay for its debt is as follows:
District No. 1: 25 mills
District No. 2: 25 mills
District No. 3: 25 mills
District No. 4: 25 mills
The Mill Levy Cap shall be subject to adjustment if the laws of the state change with respect to the assessment of property for taxation purposes, the ratio for determining assessed valuation changes, or other similar changes occur. In any of these events, the Mill Levy Cap shall be automatically adjusted so that the collective tax liability of property owners within the Districts neither increases nor decreases as a result of any such changes, thereby maintaining a constant level of tax receipts of the Districts and overall tax payments from property owners.
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.