Four Mile Ranch Metropolitan District No. 1

District Overview (per Sec. 32-1-104.5(3)(a)(X), C.R.S.)

Four Mile Ranch Metropolitan District No. 1 is a local government that provides certain public improvements and services for portions of the Four Mile Ranch community.

Public Improvements and Services

The District is authorized by the Special District Act and its Consolidated Service Plan with District Nos. 2, 3, and 4 to provide for the design, finance, construction, and acquisitions and/or installation of various public improvements and services, including water, sanitary sewer, storm drainage, streets, parks and recreation, traffic and safety controls, transportation, telecommunications and systems and services, and mosquito and pest control, all as further described in the Consolidated Service Plan.

Maximum Debt Authorization

The District’s Consolidated Service Plan authorizes a maximum aggregate amount of debt issued by District Nos. 1-4 of $43,905,000.

Authorized Sources for Debt Repayment

The District is authorized to repay its general obligation debt from any and all legally available revenues of the District, including ad valorem taxes, development fees, and other fees, rates, tolls, penalties, and charges of the District.

Maximum Mill Levy for Debt Repayment

The District is authorized by its Consolidated Service Plan to issue bonds in an amount equal to no more than 50% of its assessed valuation, except that such limitation does not apply if the bonds contain a covenant imposing a maximum mill levy of 50 mills, subject to adjustment and other conditions as described in the Consolidated Service Plan.

Board Member Qualifications

The District holds regular elections for board members on the first Tuesday after the first Monday in May of each odd-numbered year. A person is qualified to be a candidate if they are a registered to vote under the Colorado Uniform Election Code of 1992 and are either (1) a resident of the District, or (2) the owner (or spouse or civil union partner of an owner) of taxable real or personal property within the District.  People interested in a position on the District’s Board of Directors may contact the District’s legal counsel for further information:

Seter, Vander Wall & Mielke, P.C.
7400 E. Orchard Road, Suite 3300
Greenwood Village, CO 80111
Phone: (303) 770-2700
Email: svw@svwpc.com