Sunlight Metro District

Overview

Sunlight Metropolitan District was formed to provide funding for construction and operations of public improvements for the Sunlight community, a 92 lot residential community within the City of Steamboat Springs.

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 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; and

(j) Water.

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

(a)    Street Improvements;

(b)    Water Improvements;

(c)    Sanitation Improvements;

(d)    Safety Protection Improvements;

(e)    Park and Recreation Improvements;

(f)     Transportation Improvements;

(g)    Mosquito Control;

(h)    Fire Protection (Fire protection and emergency response services are provided by the City)

(i)     Television Relay and Translation Improvements;

(j)     Security Services; and

(k)    Covenant Enforcement.

The District has undertaken or anticipates undertaking construction of the public improvements listed above.

The District provides or will provide the following ongoing services: operation and maintenance services for the above listed public improvements that are not dedicated to the City or other governmental entity and covenant enforcement and design review services. 

3.       In accordance with the District’s Service Plan, the total amount of debt the District can incur to provide and pay for public infrastructure is: $12,000,000.

4.       In accordance with the District’s Service Plan, the following revenue may be used to pay for the District’s debt: 

The District may impose a mill levy as a primary source of revenue for repayment of debt service.  The District may also rely upon various other revenue sources authorized by law.  At the District’s discretion, these may include the power to assess fees, rates, tolls, penalties, or charges.

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

For any District Debt which exceeds 50% of the District’s assessed valuation, the Maximum Debt Mill Levy for such Debt shall be 50 mills less the number of mills necessary to pay unlimited mill levy Debt discussed below; provided that if, on or after January 1, 2016, there are changes 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 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, 2016, are neither diminished nor enhanced as a result of such changes. For purposes of the foregoing, a change in the ration of actual valuation shall be deemed to be a change in the method of calculating assessed valuation.

For any District Debt which is equal to or less than 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 Debt shall not be subject to the Maximum Debt Mill Levy 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.

6.       Residents within the 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.