Remuda Ranch Metropolitan District

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 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;

(j) Water.

2.  In accordance with the District’s Service Plan, the District 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;

(f) Solid waste disposal;

(g) Street improvements;

(h) Transportation;

(i) Television relay and translation;

(j) Water (subject to certain limitations);

(k) Storm Sewer;

(l) Covenant enforcement and design review;

(m) Security services;

(n) Sanitation (subject to certain limitations).

The District has completed construction of all public improvements anticipated for the District except for completion of trails, entryways, and some final irrigation/landscaping improvements.

The District currently provides trash collection services and anticipates it will be responsible for snow removal and landscaping.

3.  In accordance with the District’s Service Plan, the total maximum amount of debt the District can incur to provide and pay for public infrastructure is $15,000,000.

4.  In accordance with the District’s Service Plan, the following revenue may be used to pay for the District's debt:  in addition to ad valorem taxes imposed upon any property within the District, the District may also rely upon various other revenue sources authorized by law. These include the power to assess fees, rates, tolls, penalties, or charges as provided in Title 32 of the Colorado Revised Statutes, as amended.

5.  In accordance with the District’s Service Plan, the maximum mill levy the District may assess to pay for its debt is as follows: 40 mills, subject to the limitation of the Maximum Total Mill Levy; provided, however, that in the event that on or after January 1, 2009, there are changes in the method of calculating assessed valuation or any constitutionally mandated tax credit, cut, or abatement, the Maximum Total Mill Levy may be increased or decreased to reflect such changes, such increases or decreases to be determined by the Board in good faith so that to the extent possible, the actual tax revenues generated by the mill levy are neither diminished nor enhanced as a result of such changes (“Mill Levy Adjustment”). For purposes of the foregoing, a change in the ratio of actual valuation and any constitutional or legislative changes in the actual value against which the assessment rate is applied shall be deemed to be a change in the method of calculating assessed valuation.

6.  Residents 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.