Baseline Metropolitan District Nos. 1 - 9

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 Boards of Directors of the Districts. 

A metropolitan district is a special district that provides any two or more of the following services: 

• Fire protection; 
• Mosquito control; 
• Parks and recreation; 
• Safety protection; 
• Sanitation; 
• Solid waste disposal facilities or collection and transportation of solid waste; 
• Street improvement; 
• Television relay and translation; 
• Transportation; and 
• Water. 

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

• Fire protection improvements (fire services provided by North Metro Fire Rescue District); 
• Mosquito control; 
• Parks and recreation; 
• Safety protection; 
• Sanitation; 
• Solid waste disposal facilities or collection and transportation of solid waste; 
• Street improvement; 
• Television relay and translation; 
• Transportation; 
• Water. 

As contemplated by the Districts’ Service Plan and by separate agreement among the Districts, District No. 1 constructs, operates and maintains public improvements and provides services on behalf of the Districts and District Nos. 2 – 9 provides funding for the costs associated with the provision of public improvements and services by District No. 1. 

District No. 1 provides the following ongoing services on behalf of the Districts: operation and maintenance services of public improvements owned by District No. 1 and located within the boundaries of the Districts. 

In accordance with the Districts’ Service Plan, the total amount of debt the Districts can incur to provide and pay for public infrastructure is Seven Hundred Ninety-Four Million Dollars ($794,000,000) in 2020 dollars, as adjusted for inflation. 

In accordance with the District’s Service Plan, the following revenue may be used to pay for the District's debt:  The Districts will assess a mill levy on all taxable property within their respective boundaries as a primary source of revenue for repayment of debt service.  The imposition of rates, tolls, fees, and charges may also be necessary to retire indebtedness. 

In accordance with the Districts’ Service Plan, the maximum mill levy the District may assess to pay for its debt is as follows: 

For the portion of any debt which exceeds fifty (50%) of the District’s assessed valuation, the Mill Levy Cap for such portion of debt shall be fifty (50) mills for each District except District No. 4 and District No. 5, and thirty (30) mills for District No. 4 and District No. 5, less the number of mills necessary to pay unlimited mill levy debt described below; provided that, if on or after January 1, 2001 with respect to Baseline Metropolitan District Nos. 1 – 4, and if on or after January 1, 2020 with respect to Baseline Metropolitan District Nos. 5-9, there are changed in the method of calculating assessed valuation or any constitutionally mandated tax credit, cut, or abatement, the mill levy limitation applicable to such debt may be increased or decreased to reflect such changes, such increases or decreases to be determined by the Board of Directors of any District in good faith so that to the extent possible, the actual tax revenues generated by the mill levy, as adjusted for changes occurring after January 1, 2001 with respect to Baseline Metropolitan District Nos. 1 – 4 and January 1, 2020 with respect to Baseline Metropolitan District Nos. 5 – 9, are neither diminished nor enhanced as a result of such changes.   For purposes of the foregoing a change in the ratio of actual valuation shall be deemed to be a change in the method of calculating assessed valuation. 

For the portion of any District debt which is equal to or less than fifty (50%) of the District’s assessed valuation, either on the date of issuance or at any time thereafter, the mill levy to be imposed to repay such portion of debt shall not be subject to the Mill Levy Cap and as a result, the mill levy may be such amount as is necessary to pay the debt service on such debt, without limitation of rate. 

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.