About
The Metro District is a governmental entity governed by a five-member Board of Directors. The guiding parameters are legislated by the state of Colorado and the Metro District Service Plan. All homeowners are charged non-potable irrigation fees and property taxes by the Metro District. The District maintains District-owned public property including internal streets and sidewalks (with snow removal in the winter), landscaping along internal and perimeter roads, and the various common areas throughout the community.
As detailed in the District's Service Plan, the District is authorized to incure a maxiumum debt of $4,500,000.00. The "Mill Levy Cap" shall be 20 mills for debt that is greater than 50% of the Districts' assessed valuation. For debt that is less than 50% of the Districts' assessed valuation, the Mill Levy Cap shall be such amount as may be necessary to pay the debt service on such debt, without limitation of rate. Provided however, that the foregoing mill levy limit 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 tax liability of individual property owners 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. No additional revenue other than property taxes is used to pay back debt.