HomeMy WebLinkAbout20102853.tiff BEEBE DRAW FARMS METROPOLITAN DISTRICT NO. 1
141 Union Boulevard, Suite 150
Lakewood, Colorado 80228-1898
Tel: 303-987-0835 • 800-741-3254
Fax: 303-987-2032
2 ^, I
November 19, 2010
Board of County Commissioners
Weld County
PO Box 758
915 10th Street
Greeley CO 80632 VIA Certified Mail
Re : Beebe Draw Farms Metropolitan District No. 1
Honorable Weld County Board of County Commissioners :
Pursuant to Colorado Revised Statute 32-1-1101 . 5 (1) the
results of the above-referenced district ballot issue election to
incur general obligation indebtedness, is hereby certified, by the
District via certified mail, to the Board of County Commissioners .
Enclosed is a copy of the Certificate of Election Results
with District contact data for your records . Further, the
District shall notify the Division of Securities by forwarding
them a copy of this correspondence and the Certificate of Election
Results .
If you have any questions, please do not hesitate to contact
me .
Si cerely,
Elise LoSasso
Assistant to Lisa A. Johnson
District Manager
Enclosures
CC : Division of Securities
2010-2853
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BOARD OF CANVASSERS
CERTIFICATE OF ELECTION RESULTS
BEEBE DRAW FARMS METROPOLITAN DISTRICT NO. 1
WELD COUNTY, COLORADO
SPECIAL ELECTION
HELD,TUESDAY, NOVEMBER 2, 2010
There were no candidates on the ballot.
Votes counted for and against the ballot issue were as follows:
BEEBE DRAW FARMS METROPOLITAN DISTRICT NO. 1 BALLOT ISSUE 5A:
(Operations and Maintenance Mill Levy—Ad Valorem Taxes)
SHALL BEEBE DRAW FARMS METROPOLITAN DISTRICT NO. 1 TAXES BE INCREASED $470,000
ANNUALLY(FOR COLLECTION IN CALENDAR YEAR 2011)AND BY SUCH ADDITIONAL AMOUNTS
RAISED ANNUALLY THEREAFTER FROM AN AD VALOREM PROPERTY TAX LEVY IMPOSED AT A
RATE OF 40 MILLS FOR THE PURPOSES OF PAYING THE DISTRICT'S ADMINISTRATION,
OPERATIONS,MAINTENANCE AND ANY OTHER EXPENSES,PROVIDED THAT SUCH AD VALOREM
PROPERTY TAX LEVY TOGETHER WITH ANY OTHER AD VALOREM PROPERTY TAX LEVY IMPOSED
BY THE DISTRICT, SHALL NOT EXCEED IN THE AGGREGATE 40 MILLS;AND SHALL THE PROCEEDS
OF SUCH TAXES AND ANY INVESTMENT INCOME THEREON BE COLLECTED, RETAINED AND
SPENT BY THE DISTRICT IN FISCAL YEAR 2011 AND IN EACH FISCAL YEAR THEREAFTER AS A
VOTER-APPROVED REVENUE CHANGE WITHOUT REGARD TO ANY SPENDING,REVENUE-RAISING,
OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO
CONSTITUTION,THE LIMITS IMPOSED ON INCREASES IN PROPERTY TAXATION BY SECTION 29-1-
301, C.R.S. IN ANY YEAR, OR ANY OTHER LAW WHICH PURPORTS TO LIMIT THE DISTRICT'S
REVENUES OR EXPENDITURES AS IT CURRENTLY EXISTS OR AS IT MAY BE AMENDED IN THE
FUTURE,ALL WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY
BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT?
NUMBER OF VOTES FOR NUMBER OF VOTES AGAINST
55
BEEBE DRAW FARMS METROPOLITAN DISTRICT NO. 1 BALLOT ISSUE 5B:
(Street Improvements)
SHALL BEEBE DRAW FARMS METROPOLITAN DISTRICT NO. 1 DEBT BE INCREASED$1,500,000 WITH
A REPAYMENT COST OF $2,560,000,AND SHALL BEEBE DRAW FARMS METROPOLITAN DISTRICT
NO. 1 TAXES BE INCREASED $320,000 ANNUALLY OR SUCH LESSER AMOUNT AS MAY BE
NECESSARY FOR THE PAYMENT OF SUCH DEBT AND ANY REFUNDINGS THEREOF (WHICH
REFUNDINGS MAY BEAR INTEREST AT AN INTEREST RATE THAT IS EQUAL TO,LOWER OR HIGHER
THAN THE INTEREST RATE ON THE REFUNDED DEBT), FOR THE PURPOSE OF:
PAYING, LEASING, FINANCING OR REIMBURSING ALL OR ANY PART OF THE COSTS OF
DESIGNING, ACQUIRING, CONSTRUCTING, RELOCATING, INSTALLING, COMPLETING AND
OTHERWISE PROVIDING, WITHIN OR WITHOUT THE BOUNDARIES OF THE DISTRICT, STREET
IMPROVEMENTS,INCLUDING BUT NOT LIMITED TO CURBS,GUTTERS,CULVERTS,AND OTHER
DRAINAGE FACILITIES, UNDERGROUND CONDUITS, SIDEWALKS, TRAILS, PUBLIC PARKING
LOTS, STRUCTURES AND FACILITIES, PAVING, LIGHTING, GRADING, LANDSCAPING, BIKE
PATHS AND PEDESTRIAN WAYS, PEDESTRIAN OVERPASSES, RETAINING WALLS, FENCING,
ENTRY MONUMENTATION, STREETSCAPING, BRIDGES, OVERPASSES, UNDERPASSES,
•
•
INTERCHANGES, MEDIAN ISLANDS, IRRIGATION, AND A SAFETY PROTECTION SYSTEM
THROUGH TRAFFIC AND SAFETY CONTROLS AND DEVICES ON STREETS AND HIGHWAYS AND
AT RAILROAD CROSSINGS, SIGNALIZATION, SIGNING AND STRIPING, AREA IDENTIFICATION,
DRIVER INFORMATION AND DIRECTIONAL ASSISTANCE SIGNS, TOGETHER WITH ALL
NECESSARY, INCIDENTAL, AND APPURTENANT FACILITIES, EQUIPMENT, LAND AND
EASEMENTS AND EXTENSIONS OF AND IMPROVEMENTS TO SUCH FACILITIES;
SUCH DEBT TO CONSIST OF AN INTERGOVERNMENTAL AGREEMENT WITH THE BEEBE DRAW
FARMS AUTHORITY WHICH INTERGOVERNMENTAL AGREEMENT WILL CONSTITUTE A MULTIPLE
FISCAL YEAR FINANCIAL OBLIGATION OF THE DISTRICT, SUCH DEBT FOR STREETS TOGETHER
WITH ANY OTHER DEBT ISSUED BY THE DISTRICT FOR THE PURPOSES OF FINANCING WATER
IMPROVEMENTS OR PARKS AND RECREATION IMPROVEMENTS NOT TO EXCEED IN THE
AGGREGATE$1,500,000, SUCH DEBT TO MATURE AND TERMINATE NOT LATER THAN DECEMBER
31,2018, SUCH DEBT TO BEAR INTEREST(IF ANY)AT A MAXIMUM NET EFFECTIVE INTEREST RATE
NOT TO EXCEED 15%PER ANNUM,SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES,AND
WHICH MAY COMPOUND ANNUALLY OR SEMIANNUALLY, SUCH DEBT TO BE ISSUED OR
INCURRED AT ONE TIME OR FROM TIME TO TIME, TO BE PAID FROM ANY LEGALLY AVAILABLE
REVENUES OF THE DISTRICT, INCLUDING THE PROCEEDS OF AD VALOREM PROPERTY TAXES,
WHICH REVENUES SHALL BE ASSIGNABLE BY THE BEEBE DRAW FARMS AUTHORITY FOR THE
PAYMENT OF OBLIGATIONS FUNDING STREET IMPROVEMENTS;
SUCH TAXES TO CONSIST OF AN AD VALOREM MILL LEVY IMPOSED ON ALL TAXABLE PROPERTY
OF THE DISTRICT IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH
ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, BUT NOT TO EXCEED, IN ANY TAX
LEVY YEAR,40 MILLS LESS (A) THE NUMBER OF MILLS REQUIRED TO BE IMPOSED IN SUCH TAX
LEVY YEAR TO PAY THE DISTRICT'S ADMINISTRATION AND OPERATIONS AND MAINTENANCE
EXPENSES IN ACCORDANCE WITH THE BEEBE DRAW FARMS AUTHORITY ESTABLISHMENT
AGREEMENT, AND LESS (B) THE NUMBER OF MILLS REQUIRED TO BE IMPOSED IN SUCH TAX
LEVY YEAR BY THE DISTRICT TO PAY THE DISTRICT'S OUTSTANDING GENERAL OBLIGATION
BONDS, SERIES 1998; SUCH TAXES TO BE USED FOR THE PURPOSE OF PAYING THE PRINCIPAL OF,
PREMIUM IF ANY,AND INTEREST ON SUCH DEBT;ALL OF THE ABOVE CONCERNING SUCH DEBT
AND SUCH TAXES AS MAY BE DETERMINED BY THE DISTRICT BOARD OF DIRECTORS;
AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE REVENUE FROM SUCH TAXES, ANY
OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT EARNINGS THEREON, BE
COLLECTED, RETAINED AND SPENT BY THE DISTRICT AS A VOTER-APPROVED REVENUE
CHANGE, WITHOUT REGARD TO ANY SPENDING, REVENUE-RAISING, OR OTHER LIMITATION
CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION,OR ANY OTHER
LAW WHICH PURPORTS TO LIMIT THE DISTRICT'S REVENUES OR EXPENDITURES AS IT
CURRENTLY EXISTS OR AS IT MAY BE AMENDED IN THE FUTURE, AND WITHOUT LIMITING IN
ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED,RETAINED AND SPENT
BY THE DISTRICT?
NUMBER OF VOTES FOR NUMBER OF VOTES AGAINST
S1 �3
• BEEBE DRAW FARMS METROPOLITAN DISTRICT NO. 1 BALLOT ISSUE 5C:
(Parks& Recreation)
SHALL BEEBE DRAW FARMS METROPOLITAN DISTRICT NO. 1 DEBT BE INCREASED$1,500,000 WITH
A REPAYMENT COST OF $2,560,000, AND SHALL BEEBE DRAW FARMS METROPOLITAN DISTRICT
NO. 1 TAXES BE INCREASED $320,000 ANNUALLY OR SUCH LESSER AMOUNT AS MAY BE
NECESSARY FOR THE PAYMENT OF SUCH DEBT AND ANY REFUNDINGS THEREOF (WHICH
REFUNDINGS MAY BEAR INTEREST AT AN INTEREST RATE THAT IS EQUAL TO,LOWER OR HIGHER
THAN THE INTEREST RATE ON THE REFUNDED DEBT), FOR THE PURPOSE OF:
PAYING, LEASING, FINANCING OR REIMBURSING ALL OR ANY PART OF THE COSTS OF
DESIGNING, ACQUIRING, CONSTRUCTING, RELOCATING, INSTALLING, COMPLETING AND
OTHERWISE PROVIDING, WITHIN OR WITHOUT THE BOUNDARIES OF THE DISTRICT, PARKS
AND RECREATION FACILITIES, IMPROVEMENTS AND PROGRAMS, INCLUDING BUT NOT
LIMITED TO COMMUNITY PARKS, BIKE PATHS AND PEDESTRIAN WAYS, FENCING, TRAILS,
REGIONAL TRAILS,FIELDS,TOT LOTS, OPEN SPACE,CULTURAL ACTIVITIES,COMMON AREAS,
COMMUNITY RECREATION CENTERS, TENNIS COURTS, EQUESTRIAN FACILITIES, OUTDOOR
LIGHTING, EVENT FACILITIES, IRRIGATION FACILITIES, LAKES, WATER BODIES, SWIMMING
POOLS, PUBLIC FOUNTAINS AND SCULPTURES, ART, GARDENS, LANDSCAPING, WEED
CONTROL, AND OTHER ACTIVE AND PASSIVE RECREATIONAL FACILITIES, IMPROVEMENTS
AND PROGRAMS, TOGETHER WITH ALL NECESSARY, INCIDENTAL, AND APPURTENANT
FACILITIES, EQUIPMENT, LAND, EASEMENTS AND EXTENSIONS OF AND IMPROVEMENTS TO
SUCH FACILITIES;
SUCH DEBT TO CONSIST OF AN INTERGOVERNMENTAL AGREEMENT WITH THE BEEBE DRAW
FARMS AUTHORITY WHICH INTERGOVERNMENTAL AGREEMENT WILL CONSTITUTE A MULTIPLE
FISCAL YEAR FINANCIAL OBLIGATION OF THE DISTRICT, SUCH DEBT FOR PARKS AND
RECREATION IMPROVEMENTS TOGETHER WITH ANY OTHER DEBT ISSUED BY THE DISTRICT FOR
THE PURPOSES OF FINANCING WATER IMPROVEMENTS OR STREET IMPROVEMENTS NOT TO
EXCEED IN THE AGGREGATE $1,500,000, SUCH DEBT TO MATURE AND TERMINATE NOT LATER
THAN DECEMBER 31, 2018, SUCH DEBT TO BEAR INTEREST (IF ANY) AT A MAXIMUM NET
EFFECTIVE INTEREST RATE NOT TO EXCEED 15%PER ANNUM, SUCH INTEREST TO BE PAYABLE
AT SUCH TIME OR TIMES, AND WHICH MAY COMPOUND ANNUALLY OR SEMIANNUALLY, SUCH
DEBT TO BE ISSUED OR INCURRED AT ONE TIME OR FROM TIME TO TIME,TO BE PAID FROM ANY
LEGALLY AVAILABLE REVENUES OF THE DISTRICT,INCLUDING THE PROCEEDS OF AD VALOREM
PROPERTY TAXES, WHICH REVENUES SHALL BE ASSIGNABLE BY THE BEEBE DRAW FARMS
AUTHORITY FOR THE PAYMENT OF OBLIGATIONS FUNDING PARKS AND RECREATION
IMPROVEMENTS;
SUCH TAXES TO CONSIST OF AN AD VALOREM MILL LEVY IMPOSED ON ALL TAXABLE PROPERTY
OF THE DISTRICT IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH
ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, BUT NOT TO EXCEED, IN ANY TAX
LEVY YEAR, 40 MILLS LESS (A) THE NUMBER OF MILLS REQUIRED TO BE IMPOSED IN SUCH TAX
LEVY YEAR TO PAY THE DISTRICT'S ADMINISTRATION AND OPERATIONS AND MAINTENANCE
EXPENSES IN ACCORDANCE WITH THE BEEBE DRAW FARMS AUTHORITY ESTABLISHMENT
AGREEMENT, AND LESS (B) THE NUMBER OF MILLS REQUIRED TO BE IMPOSED IN SUCH TAX
LEVY YEAR BY THE DISTRICT TO PAY THE DISTRICT'S OUTSTANDING GENERAL OBLIGATION
BONDS, SERIES 1998; SUCH TAXES TO BE USED FOR THE PURPOSE OF PAYING THE PRINCIPAL OF,
PREMIUM IF ANY,AND INTEREST ON SUCH DEBT;ALL OF THE ABOVE CONCERNING SUCH DEBT
AND SUCH TAXES AS MAY BE DETERMINED BY THE DISTRICT BOARD OF DIRECTORS;
AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE REVENUE FROM SUCH TAXES, ANY
OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT EARNINGS THEREON, BE
COLLECTED, RETAINED AND SPENT BY THE DISTRICT AS A VOTER-APPROVED REVENUE
CHANGE, WITHOUT REGARD TO ANY SPENDING, REVENUE-RAISING, OR OTHER LIMITATION
CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION,OR ANY OTHER
LAW WHICH PURPORTS TO LIMIT THE DISTRICT'S REVENUES OR EXPENDITURES AS IT
CURRENTLY EXISTS OR AS IT MAY BE AMENDED IN THE FUTURE, AND WITHOUT LIMITING IN
ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED,RETAINED AND SPENT
BY THE DISTRICT?
NUMBER OF VOTES FOR NUMBER OF VOTES AGAINST
57 z3
BEEBE DRAW FARMS METROPOLITAN DISTRICT NO. 1 BALLOT ISSUE 5D:
(Water)
SHALL BEEBE DRAW FARMS METROPOLITAN DISTRICT NO. 1 DEBT BE INCREASED$1,500,000 WITH
A REPAYMENT COST OF $2,560,000,AND SHALL BEEBE DRAW FARMS METROPOLITAN DISTRICT
NO. 1 TAXES BE INCREASED $320,000 ANNUALLY OR SUCH LESSER AMOUNT AS MAY BE
NECESSARY FOR THE PAYMENT OF SUCH DEBT AND ANY REFUNDINGS THEREOF (WHICH
REFUNDINGS MAY BEAR INTEREST AT AN INTEREST RATE THAT IS EQUAL TO,LOWER OR HIGHER
THAN THE INTEREST RATE ON THE REFUNDED DEBT), FOR THE PURPOSE OF:
PAYING, LEASING, FINANCING OR REIMBURSING ALL OR ANY PART OF THE COSTS OF
DESIGNING, ACQUIRING, CONSTRUCTING, RELOCATING, INSTALLING, COMPLETING AND
OTHERWISE PROVIDING,WITHIN OR WITHOUT THE BOUNDARIES OF THE DISTRICT,A POTABLE
AND NON-POTABLE WATER SUPPLY, STORAGE, TRANSMISSION AND DISTRIBUTION SYSTEM
FOR DOMESTIC AND OTHER PUBLIC AND PRIVATE PURPOSES BY ANY AVAILABLE MEANS,
AND TO PROVIDE ALL NECESSARY OR PROPER TREATMENT WORKS AND FACILITIES,
EQUIPMENT, AND APPURTENANCES INCIDENT THERETO, INCLUDING BUT NOT LIMITED TO
WELLS, WATER PUMPS, WATER LINES, WATER FEATURES, PURIFICATION PLANTS, PUMP
STATIONS, TRANSMISSION LINES, DISTRIBUTION MAINS AND LATERALS, FIRE HYDRANTS,
METERS, WATER TAPS, IRRIGATION FACILITIES, CANALS,DITCHES,WATER RIGHTS,FLUMES,
PARSHALL FLUMES,HEADGATES,DROP STRUCTURES,STORAGE RESERVOIRS AND FACILITIES,
TOGETHER WITH ALL NECESSARY,INCIDENTAL AND APPURTENANT FACILITIES,EQUIPMENT,
LAND, EASEMENTS, AND EXTENSIONS OF AND IMPROVEMENTS TO SUCH FACILITIES;
SUCH DEBT TO CONSIST OF AN INTERGOVERNMENTAL AGREEMENT WITH THE BEEBE DRAW
FARMS AUTHORITY WHICH INTERGOVERNMENTAL AGREEMENT WILL CONSTITUTE A MULTIPLE
FISCAL YEAR FINANCIAL OBLIGATION OF THE DISTRICT, SUCH DEBT FOR WATER
IMPROVEMENTS TOGETHER WITH ANY OTHER DEBT ISSUED BY THE DISTRICT FOR THE
PURPOSES OF FINANCING STREET IMPROVEMENTS OR PARKS AND RECREATION IMPROVEMENTS
NOT TO EXCEED IN THE AGGREGATE $1,500,000, SUCH DEBT TO MATURE AND TERMINATE NOT
LATER THAN DECEMBER 31, 2018, SUCH DEBT TO BEAR INTEREST(IF ANY)AT A MAXIMUM NET
EFFECTIVE INTEREST RATE NOT TO EXCEED 15%PER ANNUM, SUCH INTEREST TO BE PAYABLE
AT SUCH TIME OR TIMES, AND WHICH MAY COMPOUND ANNUALLY OR SEMIANNUALLY, SUCH
DEBT TO BE ISSUED OR INCURRED AT ONE TIME OR FROM TIME TO TIME,TO BE PAID FROM ANY
LEGALLY AVAILABLE REVENUES OF THE DISTRICT,INCLUDING THE PROCEEDS OF AD VALOREM
PROPERTY TAXES, WHICH REVENUES SHALL BE ASSIGNABLE BY THE BEEBE DRAW FARMS
AUTHORITY FOR THE PAYMENT OF OBLIGATIONS FUNDING WATER IMPROVEMENTS;
SUCH TAXES TO CONSIST OF AN AD VALOREM MILL LEVY IMPOSED ON ALL TAXABLE PROPERTY
OF THE DISTRICT IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH
ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, BUT NOT TO EXCEED, IN ANY TAX
• LEVY YEAR, 40 MILLS LESS (A) THE NUMBER OF MILLS REQUIRED TO BE IMPOSED IN SUCH TAX
LEVY YEAR TO PAY THE DISTRICT'S ADMINISTRATION AND OPERATIONS AND MAINTENANCE
EXPENSES IN ACCORDANCE WITH THE BEEBE DRAW FARMS AUTHORITY ESTABLISHMENT
AGREEMENT, AND LESS (B) THE NUMBER OF MILLS REQUIRED TO BE IMPOSED IN SUCH TAX
LEVY YEAR BY THE DISTRICT TO PAY THE DISTRICT'S OUTSTANDING GENERAL OBLIGATION
BONDS, SERIES 1998; SUCH TAXES TO BE USED FOR THE PURPOSE OF PAYING THE PRINCIPAL OF,
PREMIUM IF ANY,AND INTEREST ON SUCH DEBT;ALL OF THE ABOVE CONCERNING SUCH DEBT
AND SUCH TAXES AS MAY BE DETERMINED BY THE DISTRICT BOARD OF DIRECTORS;
AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE REVENUE FROM SUCH TAXES, ANY
OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT EARNINGS THEREON, BE
COLLECTED, RETAINED AND SPENT BY THE DISTRICT AS A VOTER-APPROVED REVENUE
CHANGE, WITHOUT REGARD TO ANY SPENDING, REVENUE-RAISING, OR OTHER LIMITATION
CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION,OR ANY OTHER
LAW WHICH PURPORTS TO LIMIT THE DISTRICT'S REVENUES OR EXPENDITURES AS IT
CURRENTLY EXISTS OR AS IT MAY BE AMENDED IN THE FUTURE, AND WITHOUT LIMITING IN
ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED,RETAINED AND SPENT
BY THE DISTRICT?
NUMBER OF VOTES FOR NUMBER OF VOTES AGAINST
BEEBE DRAW FARMS METROPOLITAN DISTRICT NO. 1 BALLOT ISSUE 5E:
(Formation of Beebe Draw Farms Authority and Execution of Establishment Agreement)
SHALL THE BEEBE DRAW FARMS AUTHORITY ("AUTHORITY") BE ESTABLISHED FOR THE
PURPOSE OF PROVIDING FOR THE FINANCING,CONSTRUCTION,OPERATION AND MAINTENANCE
OF PUBLIC INFRASTRUCTURE AND AMENITIES (INCLUDING ROAD AND WATER IMPROVEMENTS
AND PARKS AND RECREATION FACILITIES)NECESSARY FOR THE COMPLETION OF DEVELOPMENT
IN BEEBE DRAW FARMS METROPOLITAN DISTRICT NO. 1 ("DISTRICT NO. 1") AND BEEBE DRAW
FARMS METROPOLITAN DISTRICT NO. 2 ("DISTRICT NO. 2") UNDER AN INTERGOVERNMENTAL
AGREEMENT(THE"ESTABLISHMENT AGREEMENT")BETWEEN DISTRICT NO. 1 AND DISTRICT NO.
2; SHALL DISTRICT NO. 1 ENTER INTO SUCH ESTABLISHMENT AGREEMENT AS A MULTIPLE FISCAL
YEAR FINANCIAL OBLIGATION TO PAY TO THE AUTHORITY THE PROCEEDS OF AN AD VALOREM
PROPERTY TAX LEVY THAT, TOGETHER WITH ANY OTHER AD VALOREM PROPERTY TAX LEVY
IMPOSED BY DISTRICT NO. 1, SHALL NOT EXCEED 40 MILLS FOR THE PURPOSE OF FUNDING THE
PROVISION BY THE AUTHORITY OF INFRASTRUCTURE AND AMENITIES IN ACCORDANCE WITH
THE ESTABLISHMENT AGREEMENT; AND SHALL ALL AMOUNTS RECEIVED BY THE AUTHORITY
UNDER THE ESTABLISHMENT AGREEMENT BE COLLECTED, RETAINED AND SPENT BY THE
AUTHORITY AS A VOTER-APPROVED REVENUE CHANGE,WITHOUT REGARD TO ANY SPENDING,
REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE
COLORADO CONSTITUTION,OR ANY OTHER LAW WHICH PURPORTS TO LIMIT THE AUTHORITY'S
REVENUES OR EXPENDITURESAS IT CURRENTLY EXISTS OR AS IT MAY BE AMENDED IN THE
FUTURE,AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY
BE COLLECTED, RETAINED AND SPENT BY THE AUTHORITY?
NUMBER OF VOTES FOR NUMBER OF VOTES AGAINST
5 ZZ
BEEBE DRAW FARMS METROPOLITAN DISTRICT NO. 1 BALLOT ISSUE 5F:
(Revocation of Prior Remaining Debt Authorization)
SHALL ALL OF THE DEBT AUTHORIZATION OF BEEBE DRAW FARMS METROPOLITAN DISTRICT
NO. 1 (PREVIOUSLY BEEBE DRAW FARMS METROPOLITAN DISTRICT) APPROVED BY ELIGIBLE
ELECTORS OF THE DISTRICT AT ELECTIONS HELD NOVEMBER 2, 1993, NOVEMBER 5, 1996,
NOVEMBER 3, 1998 AND NOVEMBER 2, 1999, BUT SOLELY TO THE EXTENT THE SAME REMAINS
UNUSED AND OUTSTANDING AS OF THE DATE HEREOF, BE REVOKED AND NO LONGER
CONSTITUTE VALID DEBT AUTHORIZATION FOR SUCH DISTRICT, PROVIDED THAT THE
EFFECTIVENESS OF SUCH REVOCATION SHALL BE CONTINGENT UPON:(I)THE APPROVAL BY THE
DISTRICT'S VOTERS,AT THE ELECTION HELD NOVEMBER 2,2010,OF BALLOT ISSUES A THROUGH
E, AND (II) THE APPROVAL BY THE VOTERS OF BEEBE DRAW FARMS METROPOLITAN DISTRICT
NO. 2, AT THE ELECTION HELD NOVEMBER 2, 2010, OF ITS BALLOT ISSUES A THROUGH I?
NUMBER OF VOTES FOR NUMBER OF VOTES AGAINST
Le -2-- t-1
By:
Desig ate'. E ection S icial Date
Canva ser Date
t L � 1zv
Canvasser Date
District Contact Information:
Lisa Johnson, District Manager
Beebe Draw Farms Metropolitan District No. 1
141 Union Boulevard, Suite 150
Lakewood, Colorado 80228-1898
Telephone: 303-987-0835
Facsimile: 303-987-2032
Email: ljohnsonsdmsi.com cr
BEEBE DRAW FARMS METROPOLITAN DISTRICT NO. 2
141 Union Boulevard, Suite 150
Lakewood, Colorado 80228-1898
Tel: 303-987-0835 • 800-741-3254
Fax: 303-987-2032
2? A
V
November 19, 2010
Board of County Commissioners
Weld County
PO Box 758
915 10th Street
Greeley CO 80632 VIA Certified Mail
Re : Beebe Draw Farms Metropolitan District No. 2
Honorable Weld County Board of County Commissioners :
Pursuant to Colorado Revised Statute 32-1-1101 . 5 (1) the
results of the above-referenced district ballot issue election to
incur general obligation indebtedness, is hereby certified, by the
District via certified mail, to the Board of County Commissioners .
Enclosed is a copy of the Certificate of Election Results
with District contact data for your records . Further, the
District shall notify the Division of Securities by forwarding
them a copy of this correspondence and the Certificate of Election
Results .
If you have any questions, please do not hesitate to contact
me .
Si cerely, 6 /7
Elise LoSasso
Assistant to Lisa A. Johnson
District Manager
Enclosures
CC: Division of Securities
tzwvmunk cS•I k DV\
l l - a61-10 S1�Cr.7D\
BOARD OF CANVASSERS
CERTIFICATE OF ELECTION RESULTS
BEEBE DRAW FARMS METROPOLITAN DISTRICT NO. 2
WELD COUNTY, COLORADO
SPECIAL ELECTION
HELD, TUESDAY,NOVEMBER 2,2010
There were no candidates on the ballot.
Votes counted for and against the ballot issue were as follows:
BEEBE DRAW FARMS METROPOLITAN DISTRICT NO. 2 BALLOT ISSUE 5A:
SHALL BEEBE DRAW FARMS METROPOLITAN DISTRICT NO. 2 TAXES BE INCREASED $2,500,000
ANNUALLY(FOR COLLECTION IN CALENDAR YEAR 2011)AND BY SUCH ADDITIONAL AMOUNTS
RAISED ANNUALLY THEREAFTER FROM AN AD VALOREM PROPERTY TAX LEVY IMPOSED AT A
RATE OF 50 MILLS FOR THE PURPOSES OF PAYING THE DISTRICT'S ADMINISTRATION,
OPERATIONS, MAINTENANCE AND ANY OTHER EXPENSES, PROVIDED THAT SUCH MILL LEVY
RATE MAY BE ADJUSTED BY THE BOARD OF DIRECTORS TO TAKE INTO ACCOUNT LEGISLATIVE
OR CONSTITUTIONALLY IMPOSED ADJUSTMENTS IN ASSESSED VALUES OR THE METHOD OF
THEIR CALCULATION OCCURRING AFTER JANUARY 1,2010,SO THAT,TO THE EXTENT POSSIBLE,
THE ACTUAL REVENUES GENERATED BY SUCH MILL LEVY ARE NEITHER DIMINISHED NOR
ENHANCED AS A RESULT OF SUCH CHANGES, AND FURTHER PROVIDED THAT SUCH AD
VALOREM PROPERTY TAX LEVY TOGETHER WITH ANY OTHER AD VALOREM PROPERTY TAX
LEVY IMPOSED BY THE DISTRICT, AND THE AD VALOREM PROPERTY TAX LEVY IMPOSED BY
BEEBE DRAW FARMS METROPOLITAN DISTRICT NO. 1 FOR PAYMENT OF ITS GENERAL
OBLIGATION BONDS, SERIES 1998, SHALL NOT EXCEED IN THE AGGREGATE 50 MILLS (AS
ADJUSTED FOR LEGISLATIVE OR CONSTITUTIONALLY IMPOSED ADJUSTMENTS IN ASSESSED
VALUES OR THE METHOD OF THEIR CALCULATION AS DESCRIBED ABOVE); AND SHALL THE
PROCEEDS OF SUCH TAXES AND ANY INVESTMENT INCOME THEREON BE COLLECTED,RETAINED
AND SPENT BY THE DISTRICT IN FISCAL YEAR 2011 AND IN EACH FISCAL YEAR THEREAFI_ER AS A
VO I_ER-APPROVED REVENUE CHANGE WITHOUT REGARD TO ANY SPENDING,REVENUE-RAISING,
OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO
CONSTITUTION,THE LIMITS IMPOSED ON INCREASES IN PROPERTY TAXATION BY SECTION 29-1-
301, C.R.S. IN ANY YEAR, OR ANY OTHER LAW WHICH PURPORTS TO LIMIT THE DISTRICT'S
REVENUES OR EXPENDITURES AS IT CURRENTLY EXISTS OR AS IT MAY BE AMENDED IN THE
FUTURE,ALL WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY
BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT?
NUMBER OF VOTES FOR NUMBER OF VOTES AGAINST
U
BEEBE DRAW FARMS METROPOLITAN DISTRICT NO. 2 BALLOT ISSUE 5B:
SHALL BEEBE DRAW FARMS METROPOLITAN DISTRICT NO. 2 BE AUTHORIZED TO COLLECT,
RETAIN,AND SPEND THE FULL AMOUNT OF ALL TAXES,TAX INCREMENT REVENUES,TAP FEES,
DEVELOPER FEES AND WATER FEES,PARK FEES,FACILITY FEES, SERVICE CHARGES,INSPECTION
CHARGES,ADMINISTRATIVE CHARGES, GRANTS OR ANY OTHER FEE,RATE,TOLL,PENALTY,OR
CHARGE AUTHORIZED BY LAW OR CONTRACT TO BE IMPOSED, COLLECTED OR RECEIVED BY
THE DISTRICT DURING 2011 AND EACH FISCAL YEAR THEREAFTER, SUCH AMOUNTS TO
CONSTITUTE A VOTER-APPROVED REVENUE CHANGE AND BE COLLECTED, RETAINED AND
SPENT BY THE DISTRICT WITHOUT REGARD TO ANY SPENDING, REVENUE-RAISING, OR OTHER
LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION,THE
LIMITS IMPOSED ON INCREASES IN PROPERTY TAXATION BY SECTION 29-1-301, C.R.S. IN ANY
SUBSEQUENT YEAR,OR ANY OTHER LAW WHICH PURPORTS TO LIMIT THE DISTRICT'S REVENUES
OR EXPENDITURES AS IT CURRENTLY EXISTS OR AS IT MAY BE AMENDED IN THE FUTURE, AND
WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED,
RETAINED AND SPENT BY THE DISTRICT?
NUMBER OF VOTES FOR NUMBER
/O;F VOTES AGAINST
G
BEEBE DRAW FARMS METROPOLITAN DISTRICT NO. 2 BALLOT ISSUE 5C:
SHALL BEEBE DRAW FARMS METROPOLITAN DISTRICT NO. 2 DEBT BE INCREASED $44,000,000
WITH A REPAYMENT COST OF $308,000,000, AND SHALL BEEBE DRAW FARMS METROPOLITAN
DISTRICT NO.2 TAXES BE INCREASED$50,600,000 ANNUALLY OR SUCH LESSER AMOUNT AS MAY
BE NECESSARY FOR THE PAYMENT OF SUCH DEBT AND ANY REFUNDINGS THEREOF (WHICH
REFUNDINGS MAY BEAR INTEREST AT AN INTEREST RATE THAT IS EQUAL TO,LOWER OR HIGHER
THAN THE IN I'EREST RATE ON THE REFUNDED DEBT), FOR THE PURPOSE OF:
PAYING, LEASING, FINANCING OR REIMBURSING ALL OR ANY PART OF THE COSTS OF
DESIGNING,ACQUIRING, CONSTRUCTING,RELOCATING,INSTALLING, COMPLETING AND
OTHERWISE PROVIDING,WITHIN OR WITHOUT THE BOUNDARIES OF THE DISTRICT,STREET
IMPROVEMENTS, INCLUDING BUT NOT LIMITED TO CURBS, GUTTERS, CULVERTS, AND
OTHER DRAINAGE FACILITIES,UNDERGROUND CONDUITS, SIDEWALKS, TRAILS, PUBLIC
PARKING LOTS, STRUCTURES AND FACILITIES, PAVING, LIGHTING, GRADING,
LANDSCAPING, BIKE PATHS AND PEDESTRIAN WAYS, PEDESTRIAN OVERPASSES,
RETAINING WALLS, FENCING, ENTRY MONUMENTATION, STREETSCAPING, BRIDGES,
OVERPASSES, UNDERPASSES, INTERCHANGES, MEDIAN ISLANDS, IRRIGATION, AND A
SAFETY PROTECTION SYSTEM THROUGH TRAFFIC AND SAFETY CONTROLS AND DEVICES
ON STREETS AND HIGHWAYS AND AT RAILROAD CROSSINGS, SIGNALIZATION, SIGNING
AND STRIPING, AREA IDENTIFICATION, DRIVER INFORMATION AND DIRECTIONAL
ASSISTANCE SIGNS,TOGETHER WITH ALL NECESSARY,INCIDENTAL,AND APPURTENANT
FACILITIES, EQUIPMENT, LAND AND EASEMENTS AND EXTENSIONS OF AND
IMPROVEMENTS TO SUCH FACILITIES;
SUCH DEBT TO CONSIST OF ONE OR MORE INTERGOVERNMENTAL AGREEMENTS WITH THE
BEEBE DRAW FARMS AUTHORITY WHICH INTERGOVERNMENTAL AGREEMENTS WILL
CONSTITUTE MULTIPLE FISCAL YEAR FINANCIAL OBLIGATIONS OF THE DISTRICT, SUCH DEBT
FOR STREETS TOGETHER WITH ANY OTHER DEBT CONSISTING OF SUCH INTERGOVERNMENTAL
AGREEMENTS ENTERED INTO BY THE DISTRICT WITH THE BEEBE DRAW FARMS AUTHORITY FOR
THE PURPOSES OF FINANCING WATER IMPROVEMENTS OR PARKS AND RECREATION
IMPROVEMENTS NOT TO EXCEED IN THE AGGREGATE$44,000,000,THE TERM OF SUCH DEBT NOT
TO EXCEED FORTY YEARS FROM THE DATE OF ISSUANCE THEREOF, SUCH DEBT TO BEAR
INTEREST(IF ANY) AT A MAXIMUM NET EFFECTIVE INTEREST RATE NOT TO EXCEED 15.0% PER
ANNUM,SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES,AND WHICH MAY COMPOUND
ANNUALLY OR SEMIANNUALLY, AND SUCH DEBT TO MATURE, BE SUBJECT TO REDEMPTION
WITH OR WITHOUT PREMIUM,AND BE ISSUED AND SOLD AT,ABOVE OR BELOW PAR,SUCH DEBT
TO BE ISSUED OR INCURRED AT ONE TIME OR FROM TIME TO TIME, TO BE PAID FROM ANY
LEGALLY AVAILABLE REVENUES OF THE DISTRICT,INCLUDING THE PROCEEDS OF AD VALOREM
PROPERTY TAXES, WHICH REVENUES SHALL BE ASSIGNABLE BY THE BEEBE DRAW FARMS
AUTHORITY FOR THE PAYMENT OF OBLIGATIONS FUNDING STREET IMPROVEMENTS;
SUCH TAXES TO CONSIST OF AN AD VALOREM MILL LEVY IMPOSED ON ALL TAXABLE PROPERTY
OF THE DISTRICT IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH
ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, BUT NOT TO EXCEED, IN ANY TAX
LEVY YEAR,50 MILLS (SUBJECT TO ADJUSTMENT AS DESCRIBED BELOW)LESS (A)THE NUMBER
OF MILLS REQUIRED TO BE IMPOSED IN SUCH TAX LEVY YEAR TO PAY THE DISTRICT'S
ADMINISTRATION AND OPERATIONS AND MAIN PENANCE EXPENSES IN ACCORDANCE WITH THE
BEEBE DRAW FARMS AUTHORITY ESTABLISHMENT AGREEMENT,AND LESS(B)THE NUMBER OF
MILLS REQUIRED TO BE IMPOSED IN SUCH TAX LEVY YEAR BY THE BEEBE DRAW FARMS
METROPOLITAN DISTRICT NO. 1 TO PAY SUCH DISTRICT'S OUTSTANDING GENERAL OBLIGATION
BONDS, SERIES 1998, PROVIDED THAT SUCH 50 MILL MAXIMUM LEVY RATE MAY BE ADJUSTED
BY THE BOARD OF DIRECTORS TO TAKE INTO ACCOUNT LEGISLATIVE OR CONSTITUTIONALLY
IMPOSED ADJUSTMENTS IN ASSESSED VALUES OR THE METHOD OF THEIR CALCULATION
OCCURRING AFTER JANUARY 1, 2010, SO THAT, TO THE EXTENT POSSIBLE, THE ACTUAL
REVENUES GENERATED BY SUCH MILL LEVY ARE NEITHER DIMINISHED NOR ENHANCED AS A
RESULT OF SUCH CHANGES; SUCH TAXES TO BE USED FOR THE PURPOSE OF PAYING THE
PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON SUCH DEBT; ALL OF THE ABOVE
CONCERNING SUCH DEBT AND SUCH TAXES AS MAY BE DETERMINED BY THE DISTRICT BOARD
OF DIRECTORS;
AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE REVENUE FROM SUCH TAXES, ANY
OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT EARNINGS THEREON, BE
COLLECTED, RETAINED AND SPENT BY THE DISTRICT AS A VOTER-APPROVED REVENUE
CHANGE, WITHOUT REGARD TO ANY SPENDING, REVENUE-RAISING, OR OTHER LIMITATION
CONTAINED WITHIN ARTICLE X,SECTION 20 OF THE COLORADO CONSTITUTION,OR ANY OTHER
LAW WHICH PURPORTS TO LIMIT THE DISTRICT'S REVENUES OR EXPENDITURES AS IT
CURRENTLY EXISTS OR AS IT MAY BE AMENDED IN THE FUTURE, AND WITHOUT LIMITING IN
ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED,RETAINED AND SPENT
BY THE DISTRICT?
NUMBER OF VOTES FOR NUMBER OF VOTES AGAINST
�' D
BEEBE DRAW FARMS METROPOLITAN DISTRICT NO. 2 BALLOT ISSUE SD:
SHALL BEEBE DRAW FARMS METROPOLITAN DISTRICT NO. 2 DEBT BE INCREASED $44,000,000
WITH A REPAYMENT COST OF $308,000,000, AND SHALL BEEBE DRAW FARMS METROPOLITAN
DISTRICT NO. 2 TAXES BE INCREASED$50,600,000 ANNUALLY OR SUCH LESSER AMOUNT AS MAY
BE NECESSARY FOR THE PAYMENT OF SUCH DEBT AND ANY REFUNDINGS THEREOF (WHICH
REFUNDINGS MAY BEAR INTEREST AT AN INTEREST RATE THAT IS EQUAL TO,LOWER OR HIGHER
THAN THE INTEREST RATE ON THE REFUNDED DEBT), FOR THE PURPOSE OF:
PAYING, LEASING, FINANCING OR REIMBURSING ALL OR ANY PART OF THE COSTS OF
DESIGNING, ACQUIRING, CONSTRUCTING, RELOCATING, INSTALLING, COMPLETING AND
OTHERWISE PROVIDING,WITHIN OR WITHOUT THE BOUNDARIES OF THE DISTRICT,PARKS
AND RECREATION FACILITIES, IMPROVEMENTS AND PROGRAMS, INCLUDING BUT NOT
LIMITED TO COMMUNITY PARKS,BIKE PATHS AND PEDESTRIAN WAYS,FENCING,TRAILS,
REGIONAL TRAILS, FIELDS, TOT LOTS, OPEN SPACE, CULTURAL ACTIVITIES, COMMON
AREAS, COMMUNITY RECREATION CENTERS, TENNIS COURTS, EQUESTRIAN FACILITIES,
OUTDOOR LIGHTING,EVENT FACILITIES,IRRIGATION FACILITIES,LAKES,WATER BODIES,
SWIMMING POOLS,PUBLIC FOUNTAINS AND SCULPTURES,ART,GARDENS,LANDSCAPING,
WEED CONTROL, AND OTHER ACTIVE AND PASSIVE RECREATIONAL FACILITIES,
IMPROVEMENTS AND PROGRAMS, TOGETHER WITH ALL NECESSARY, INCIDENTAL, AND
APPURTENANT FACILITIES, EQUIPMENT, LAND, EASEMENTS AND EXTENSIONS OF AND
IMPROVEMENTS TO SUCH FACILITIES;
SUCH DEBT TO CONSIST OF ONE OR MORE INTERGOVERNMENTAL AGREEMENTS WITH THE
BEEBE DRAW FARMS AUTHORITY WHICH INTERGOVERNMENTAL AGREEMENTS WILL
CONSTITUTE MULTIPLE FISCAL YEAR FINANCIAL OBLIGATIONS OF THE DISTRICT, SUCH DEBT
FOR STREETS TOGETHER WITH ANY OTHER DEBT CONSISTING OF SUCH INTERGOVERNMENTAL
AGREEMENTS ENTERED INTO BY THE DISTRICT WITH THE BEEBE DRAW FARMS AUTHORITY FOR
THE PURPOSES OF FINANCING WATER IMPROVEMENTS OR STREET IMPROVEMENTS NOT TO
EXCEED IN THE AGGREGATE $44,000,000, THE TERM OF SUCH DEBT NOT TO EXCEED FORTY
YEARS FROM THE DATE OF ISSUANCE THEREOF, SUCH DEBT TO BEAR INTEREST (IF ANY)AT A
MAXIMUM NET EFFECTIVE IN I'EREST RATE NOT TO EXCEED 15.0%PER ANNUM,SUCH INTEREST
TO BE PAYABLE AT SUCH TIME OR TIMES, AND WHICH MAY COMPOUND ANNUALLY OR
SEMIANNUALLY,AND SUCH DEBT TO MATURE,BE SUBJECT TO REDEMPTION WITH OR WITHOUT
PREMIUM,AND BE ISSUED AND SOLD AT,ABOVE OR BELOW PAR, SUCH DEBT TO BE ISSUED OR
INCURRED AT ONE TIME OR FROM TIME TO TIME,TO BE PAID FROM ANY LEGALLY AVAILABLE
REVENUES OF THE DISTRICT, INCLUDING THE PROCEEDS OF AD VALOREM PROPERTY TAXES,
WHICH REVENUES TO THE EXTENT PAYABLE UNDER INTERGOVERNMENTAL AGREEMENTS
SHALL BE ASSIGNABLE BY THE BEEBE DRAW FARMS AUTHORITY FOR THE PAYMENT OF
OBLIGATIONS FUNDING PARKS AND RECREATION IMPROVEMENTS;
SUCH TAXES TO CONSIST OF AN AD VALOREM MILL LEVY IMPOSED ON ALL TAXABLE PROPERTY
OF THE DISTRICT IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH
ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, BUT NOT TO EXCEED, IN ANY TAX
LEVY YEAR, 50 MILLS (SUBJECT TO ADJUSTMENT AS DESCRIBED BELOW)LESS (A)THE NUMBER
OF MILLS REQUIRED TO BE IMPOSED IN SUCH TAX LEVY YEAR TO PAY THE DISTRICT'S
ADMINISTRATION AND OPERATIONS AND MAINTENANCE EXPENSES IN ACCORDANCE WITH THE
BEEBE DRAW FARMS AUTHORITY ESTABLISHMENT AGREEMENT,AND LESS(B)THE NUMBER OF
MILLS REQUIRED TO BE IMPOSED IN SUCH TAX LEVY YEAR BY THE BEEBE DRAW FARMS
METROPOLITAN DISTRICT NO. 1 TO PAY SUCH DISTRICT'S OUTSTANDING GENERAL OBLIGATION
BONDS, SERIES 1998, PROVIDED THAT SUCH 50 MILL MAXIMUM LEVY RATE MAY BE ADJUSTED
BY THE BOARD OF DIRECTORS TO TAKE INTO ACCOUNT LEGISLATIVE OR CONSTITUTIONALLY
IMPOSED ADJUSTMENTS IN ASSESSED VALUES OR THE METHOD OF THEIR CALCULATION
OCCURRING AFTER JANUARY 1, 2010, SO THAT, TO THE EXTENT POSSIBLE, THE ACTUAL
REVENUES GENERATED BY SUCH MILL LEVY ARE NEITHER DIMINISHED NOR ENHANCED AS A
RESULT OF SUCH CHANGES; SUCH TAXES TO BE USED FOR THE PURPOSE OF PAYING THE
PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON SUCH DEBT; ALL OF THE ABOVE
CONCERNING SUCH DEBT AND SUCH TAXES AS MAY BE DETERMINED BY THE DISTRICT BOARD
OF DIRECTORS;
AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE REVENUE FROM SUCH TAXES, ANY
OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT EARNINGS THEREON, BE
COLLECTED, RETAINED AND SPENT BY THE DISTRICT AS A VOTER-APPROVED REVENUE
CHANGE, WITHOUT REGARD TO ANY SPENDING, REVENUE-RAISING, OR OTHER LIMITATION
CONTAINED WITHIN ARTICLE X,SECTION 20 OF THE COLORADO CONSTITUTION,OR ANY OTHER
LAW WHICH PURPORTS TO LIMIT THE DISTRICT'S REVENUES OR EXPENDITURES AS IT
CURRENTLY EXISTS OR AS IT MAY BE AMENDED IN THE FUTURE, AND WITHOUT LIMITING IN
ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED,RETAINED AND SPENT
BY THE DISTRICT?
NUMBER OF VOTES FOR . NUMBER OF VOTES AGAINST
S D
BEEBE DRAW FARMS METROPOLITAN DISTRICT NO. 2 BALLOT ISSUE 5E:
SHALL BEEBE DRAW FARMS METROPOLITAN DISTRICT NO. 2 DEBT BE INCREASED $44,000,000
WITH A REPAYMENT COST OF $308,000,000, AND SHALL BEEBE DRAW FARMS METROPOLITAN
DISTRICT NO.2 TAXES BE INCREASED$50,600,000 ANNUALLY OR SUCH LESSER AMOUNT AS MAY
BE NECESSARY FOR THE PAYMENT OF SUCH DEBT AND ANY REFUNDINGS THEREOF (WHICH
REFUNDINGS MAY BEAR INTEREST AT AN INTEREST RATE THAT IS EQUAL TO,LOWER OR HIGHER
THAN THE INTEREST RAI'E ON THE REFUNDED DEBT), FOR THE PURPOSE OF:
PAYING, LEASING, FINANCING OR REIMBURSING ALL OR ANY PART OF THE COSTS OF
DESIGNING,ACQUIRING, CONSTRUCTING, RELOCATING,INSTALLING,COMPLETING AND
OTHERWISE PROVIDING, WITHIN OR WITHOUT THE BOUNDARIES OF THE DISTRICT, A
POTABLE AND NON-POTABLE WAFER SUPPLY, STORAGE, TRANSMISSION AND
DISTRIBUTION SYSTEM FOR DOMESTIC AND OTHER PUBLIC AND PRIVATE PURPOSES BY
ANY AVAILABLE MEANS, AND TO PROVIDE ALL NECESSARY OR PROPER TREATMENT
WORKS AND FACILITIES, EQUIPMENT, AND APPURTENANCES INCIDENT THERETO,
INCLUDING BUT NOT LIMITED TO WELLS, WATER PUMPS, WATER LINES, WATER
FEATURES,PURIFICATION PLANTS,PUMP STATIONS,TRANSMISSION LINES,DISTRIBUTION
MAINS AND LATERALS,FIRE HYDRANTS,ME 1'ERS,WATER TAPS,IRRIGATION FACILITIES,
CANALS, DITCHES, WATER RIGHTS, FLUMES, PARSHALL FLUMES, HEADGATES, DROP
STRUCTURES, STORAGE RESERVOIRS AND FACILI TIES,TOGETHER WITH ALL NECESSARY,
INCIDENTAL AND APPURTENANT FACILITIES, EQUIPMENT, LAND, EASEMENTS, AND
EXTENSIONS OF AND IMPROVEMENTS TO SUCH FACILITIES;
SUCH DEBT TO CONSIST OF ONE OR MORE INTERGOVERNMENTAL AGREEMENTS WITH THE
BEEBE DRAW FARMS AUTHORITY WHICH INTERGOVERNMENTAL AGREEMENTS WILL
CONSTITUTE MULTIPLE FISCAL YEAR FINANCIAL OBLIGATIONS OF THE DISTRICT, SUCH DEBT
FOR STREETS TOGETHER WITH ANY OTHER DEBT CONSISTING OF SUCH INTERGOVERNMENTAL
AGREEMENTS ENTERED INTO BY THE DISTRICT WITH THE BEEBE DRAW FARMS AUTHORITY FOR
THE PURPOSES OF FINANCING PARKS AND RECREATION IMPROVEMENTS OR STREET
IMPROVEMENTS NOT TO EXCEED IN THE AGGREGATE$44,000,000,THE TERM OF SUCH DEBT NOT
TO EXCEED FORTY YEARS FROM THE DATE OF ISSUANCE THEREOF, SUCH DEBT TO BEAR
INTEREST(IF ANY)AT A MAXIMUM NET EFFECTIVE INTEREST RATE NOT TO EXCEED 15.0% PER
ANNUM,SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES,AND WHICH MAY COMPOUND
ANNUALLY OR SEMIANNUALLY, AND SUCH DEBT TO MATURE, BE SUBJECT TO REDEMPTION
WITH OR WITHOUT PREMIUM,AND BE ISSUED AND SOLD AT,ABOVE OR BELOW PAR,SUCH DEBT
TO BE ISSUED OR INCURRED AT ONE TIME OR FROM TIME TO TIME, TO BE PAID FROM ANY
LEGALLY AVAILABLE REVENUES OF THE DISTRICT,INCLUDING THE PROCEEDS OF AD VALOREM
PROPERTY TAXES,WHICH REVENUES TO THE EXTENT PAYABLE UNDER INTERGOVERNMENTAL
AGREEMENTS SHALL BE ASSIGNABLE BY THE BEEBE DRAW FARMS AUTHORITY FOR THE
PAYMENT OF OBLIGATIONS FUNDING WATER IMPROVEMENTS;
SUCH TAXES TO CONSIST OF AN AD VALOREM MILL LEVY IMPOSED ON ALL TAXABLE PROPERTY
OF THE DISTRICT IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH
ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, BUT NOT TO EXCEED, IN ANY TAX
LEVY YEAR,50 MILLS (SUBJECT TO ADJUSTMENT AS DESCRIBED BELOW)LESS(A)THE NUMBER
OF MILLS REQUIRED TO BE IMPOSED IN SUCH TAX LEVY YEAR TO PAY THE DISTRICT'S
ADMINISTRATION AND OPERATIONS AND MAINTENANCE EXPENSES IN ACCORDANCE WITH THE
BEEBE DRAW FARMS AUTHORITY ESTABLISHMENT AGREEMENT,AND LESS(B)THE NUMBER OF
MILLS REQUIRED TO BE IMPOSED IN SUCH TAX LEVY YEAR BY THE BEEBE DRAW FARMS
METROPOLITAN DISTRICT NO. 1 TO PAY SUCH DISTRICT'S OUTSTANDING GENERAL OBLIGATION
BONDS, SERIES 1998,PROVIDED THAT SUCH 50 MILL MAXIMUM LEVY RAIE MAY BE ADJUSTED
BY THE BOARD OF DIRECTORS TO TAKE INTO ACCOUNT LEGISLATIVE OR CONSTITUTIONALLY
IMPOSED ADJUSTMENTS IN ASSESSED VALUES OR THE METHOD OF THEIR CALCULATION
OCCURRING AFTER JANUARY 1, 2010, SO THAT, TO THE EXTENT POSSIBLE, THE ACTUAL
REVENUES GENERATED BY SUCH MILL LEVY ARE NEITHER DIMINISHED NOR ENHANCED AS A
RESULT OF SUCH CHANGES; SUCH TAXES TO BE USED FOR THE PURPOSE OF PAYING THE
PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON SUCH DEBT; ALL OF THE ABOVE
CONCERNING SUCH DEBT AND SUCH TAXES AS MAY BE DETERMINED BY THE DISTRICT BOARD
OF DIRECTORS;
AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE REVENUE FROM SUCH TAXES, ANY
OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT EARNINGS THEREON, BE
COLLECTED, RETAINED AND SPENT BY THE DISTRICT AS A VOTER-APPROVED REVENUE
CHANGE, WITHOUT REGARD TO ANY SPENDING, REVENUE-RAISING, OR OTHER LIMITATION
CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION,OR ANY OTHER
LAW WHICH PURPORTS TO LIMIT THE DISTRICT'S REVENUES OR EXPENDITURES AS IT
CURRENTLY EXISTS OR AS IT MAY BE AMENDED IN THE FUTURE, AND WITHOUT LIMITING IN
ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED,RETAINED AND SPENT
BY THE DISTRICT?
NUMBER OF VOTES FOR NUMBER OF VOTESAGAINST
O
•
BEEBE DRAW FARMS METROPOLITAN DISTRICT NO. 2 BALLOT ISSUE 5F:
SHALL BEEBE DRAW FARMS METROPOLITAN DISTRICT NO. 2 DEBT BE INCREASED $44,000,000
WITH A REPAYMENT COST OF $308,000,000, AND SHALL BEEBE DRAW FARMS METROPOLITAN
DISTRICT NO. 2 TAXES BE INCREASED$50,600,000 ANNUALLY OR SUCH LESSER AMOUNT AS MAY
BE NECESSARY FOR THE PAYMENT OF SUCH DEBT AND ANY REFUNDINGS THEREOF (WHICH
REFUNDINGS MAY BEAR INTEREST AT AN INTEREST RATE THAT IS EQUAL TO,LOWER OR HIGHER
THAN THE INTEREST RATE ON THE REFUNDED DEBT), FOR THE PURPOSE OF:
PAYING, LEASING, FINANCING OR REIMBURSING ALL OR ANY PART OF THE COSTS OF
DESIGNING, ACQUIRING, CONSTRUCTING,RELOCATING, INSTALLING, COMPLETING AND
OTHERWISE PROVIDING,WITHIN OR WITHOUT THE BOUNDARIES OF THE DISTRICT,STREET
IMPROVEMENTS, INCLUDING BUT NOT LIMITED TO CURBS, GUI !IRS, CULVERTS, AND
OTHER DRAINAGE FACILITIES, UNDERGROUND CONDUITS, SIDEWALKS, TRAILS, PUBLIC
PARKING LOTS, S I'RUCTURES AND FACILITIES, PAVING, LIGHTING, GRADING,
LANDSCAPING, BIKE PATHS AND PEDESTRIAN WAYS, PEDESTRIAN OVERPASSES,
RETAINING WALLS, FENCING, ENTRY MONUMENTATION, STREETSCAPING, BRIDGES,
OVERPASSES, UNDERPASSES, INTERCHANGES, MEDIAN ISLANDS, IRRIGATION, AND A
SAFETY PROTECTION SYS 1_EM THROUGH TRAFFIC AND SAFETY CONTROLS AND DEVICES
ON STREETS AND HIGHWAYS AND AT RAILROAD CROSSINGS, SIGNALIZATION, SIGNING
AND STRIPING, AREA IDENTIFICATION, DRIVER INFORMATION AND DIRECTIONAL
ASSISTANCE SIGNS,TOGETHER WITH ALL NECESSARY,INCIDENTAL,AND APPURTENANT
FACILITIES, EQUIPMENT, LAND AND EASEMENTS AND EXTENSIONS OF AND
IMPROVEMENTS TO SUCH FACILITIES;
SUCH DEBT TO CONSIST OF REVENUE BONDS PAYABLE FROM AN ASSIGNMENT OF REVENUES
PLEDGED UNDER INTERGOVERNMENTAL AGREEMENTS BETWEEN THE DISTRICT AND BEEBE
DRAW FARMS AUTHORITY AND AN INTERGOVERNMENTAL AGREEMENT BETWEEN THE BEEBE
DRAW FARMS METROPOLITAN DISTRICT NO. 1 AND THE BEEBE DRAW FARMS AUTHORITY AND
ANY OTHER LEGALLY AVAILABLE REVENUES OF THE DISTRICT, SUCH DEBT FOR STREETS
TOGETHER WITH ANY OTHER DEBT CONSISTING OF REVENUE BONDS ISSUED BY THE DISTRICT
FOR THE PURPOSES OF FINANCING WATER IMPROVEMENTS OR PARKS AND RECREATION
IMPROVEMENTS NOT TO EXCEED IN THE AGGREGATE$44,000,000,THE TERM OF SUCH DEBT NOT
TO EXCEED FORTY YEARS FROM THE DATE OF ISSUANCE THEREOF, SUCH DEBT TO BEAR
INTEREST (11- ANY)AT A MAXIMUM NET EFFECTIVE INTEREST RA 1E NOT TO EXCEED 15.0%PER
ANNUM,SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES,AND WHICH MAY COMPOUND
ANNUALLY OR SEMIANNUALLY, AND SUCH DEBT TO MATURE, BE SUBJECT TO REDEMPTION
WITH OR WITHOUT PREMIUM,AND BE ISSUED AND SOLD AT,ABOVE OR BELOW PAR, SUCH DEBT
TO BE ISSUED OR INCURRED AT ONE TIME OR FROM TIME TO TIME, TO BE PAID FROM ANY
LEGALLY AVAILABLE REVENUES OF THE DISTRICT,INCLUDING THE PROCEEDS OF AD VALOREM
PROPERTY TAXES, WHICH REVENUES SHALL BE ASSIGNABLE BY THE BEEBE DRAW FARMS
AUTHORITY FOR THE PAYMENT OF OBLIGATIONS FUNDING STREET IMPROVEMENTS;
SUCH TAXES TO CONSIST OF AN AD VALOREM MILL LEVY IMPOSED ON ALL TAXABLE PROPERTY
OF THE DISTRICT IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH
ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, BUT NOT TO EXCEED,IN ANY TAX
LEVY YEAR, 50 MILLS (SUBJECT TO ADJUSTMENT AS DESCRIBED BELOW)LESS (A)THE NUMBER
OF MILLS REQUIRED TO BE IMPOSED IN SUCH TAX LEVY YEAR TO PAY THE DISTRICT'S
ADMINISTRATION AND OPERATIONS AND MAINTENANCE EXPENSES IN ACCORDANCE WITH THE
BEEBE DRAW FARMS AUTHORITY ESTABLISHMENT AGREEMENT,AND LESS(B)THE NUMBER OF
MILLS REQUIRED TO BE IMPOSED IN SUCH TAX LEVY YEAR BY THE BEEBE DRAW FARMS
METROPOLITAN DISTRICT NO. 1 TO PAY SUCH DISTRICT'S OUTSTANDING GENERAL OBLIGATION
BONDS, SERIES 1998, PROVIDED THAT SUCH 50 MILL MAXIMUM LEVY RATE MAY BE ADJUSTED
BY THE BOARD OF DIRECTORS TO TAKE INTO ACCOUNT LEGISLATIVE OR CONSTITUTIONALLY
IMPOSED ADJUSTMENTS IN ASSESSED VALUES OR THE METHOD OF THEIR CALCULATION
OCCURRING AFTER JANUARY 1, 2010, SO THAT, TO THE EXTENT POSSIBLE, THE ACTUAL
REVENUES GENERATED BY SUCH MILL LEVY ARE NEITHER DIMINISHED NOR ENHANCED AS A
RESULT OF SUCH CHANGES; SUCH TAXES TO BE USED FOR THE PURPOSE OF PAYING THE
PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON SUCH DEBT; ALL OF THE ABOVE
CONCERNING SUCH DEBT AND SUCH TAXES AS MAY BE DETERMINED BY THE DISTRICT BOARD
OF DIRECTORS;
AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE REVENUE FROM SUCH TAXES, ANY
OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT EARNINGS THEREON, BE
COLLECTED, RETAINED AND SPENT BY THE DISTRICT AS A VOTER-APPROVED REVENUE
CHANGE, WITHOUT REGARD TO ANY SPENDING, REVENUE-RAISING, OR OTHER LIMITATION
CONTAINED WITHIN ARTICLE X,SECTION 20 OF THE COLORADO CONSTITUTION,OR ANY OTHER
LAW WHICH PURPORTS TO LIMIT THE DISTRICT'S REVENUES OR EXPENDITURES AS IT
CURRENTLY EXISTS OR AS IT MAY BE AMENDED IN THE FUTURE, AND WITHOUT LIMITING IN
ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED,RETAINED AND SPENT
BY THE DISTRICT?
NUMBER OF VOTES FAR NUMBER OF VOTES AGAINST
g o
BEEBE DRAW FARMS METROPOLITAN DISTRICT NO. 2 BALLOT ISSUE 5G:
SHALL BEEBE DRAW FARMS METROPOLITAN DISTRICT NO. 2 DEBT BE INCREASED $44,000,000
WITH A REPAYMENT COST OF $308,000,000, AND SHALL BEEBE DRAW FARMS METROPOLITAN
DISTRICT NO.2 TAXES BE INCREASED$50,600,000 ANNUALLY OR SUCH LESSER AMOUNT AS MAY
BE NECESSARY FOR THE PAYMENT OF SUCH DEBT AND ANY REFUNDINGS THEREOF (WHICH
REFUNDINGS MAY BEAR INTEREST AT AN INTEREST RATE THAT IS EQUAL TO,LOWER OR HIGHER
THAN THE INTEREST RATE ON THE REFUNDED DEBT), FOR THE PURPOSE OF:
PAYING, LEASING, FINANCING OR REIMBURSING ALL OR ANY PART OF THE COSTS OF
DESIGNING,ACQUIRING, CONSTRUCTING,RELOCATING,INSTALLING, COMPLETING AND
OTHERWISE PROVIDING,WITHIN OR WITHOUT THE BOUNDARIES OF THE DISTRICT,PARKS
AND RECREATION FACILITIES, IMPROVEMENTS AND PROGRAMS, INCLUDING BUT NOT
LIMITED TO COMMUNITY PARKS,BIKE PATHS AND PEDESTRIAN WAYS,FENCING,TRAILS,
REGIONAL TRAILS, FIELDS, TOT LOTS, OPEN SPACE, CULTURAL ACTIVITIES, COMMON
AREAS, COMMUNITY RECREATION CENTERS, TENNIS COURTS, EQUESTRIAN FACILITIES,
OUTDOOR LIGHTING,EVENT FACILITIES,IRRIGATION FACILITIES,LAKES,WATER BODIES,
SWIMMING POOLS,PUBLIC FOUNTAINS AND SCULPTURES,ART,GARDENS,LANDSCAPING,
WEED CONTROL, AND OTHER ACTIVE AND PASSIVE RECREATIONAL FACILITIES,
IMPROVEMENTS AND PROGRAMS, TOGETHER WITH ALL NECESSARY, INCIDENTAL, AND
APPURTENANT FACILITIES, EQUIPMENT, LAND, EASEMENTS AND EXTENSIONS OF AND
IMPROVEMENTS TO SUCH FACILITIES;
SUCH DEBT TO CONSIST OF REVENUE BONDS PAYABLE FROM AN ASSIGNMENT OF REVENUES
PLEDGED UNDER INTERGOVERNMENTAL AGREEMENTS BETWEEN THE DISTRICT AND BEEBE
DRAW FARMS AUTHORITY AND AN INTERGOVERNMENTAL AGREEMENT BETWEEN THE BEEBE
DRAW FARMS METROPOLITAN DISTRICT NO. 1 AND THE BEEBE DRAW FARMS AUTHORITY AND
ANY OTHER LEGALLY AVAILABLE REVENUES OF THE DISTRICT, SUCH DEBT FOR STREETS
TOGETHER WITH ANY OTHER DEBT CONSISTING OF REVENUE BONDS ISSUED BY THE DISTRICT
FOR THE PURPOSES OF FINANCING WATER IMPROVEMENTS OR STREET IMPROVEMENTS NOT TO
EXCEED IN THE AGGREGATE $44,000,000, THE TERM OF SUCH DEBT NOT TO EXCEED FORTY
YEARS FROM THE DATE OF ISSUANCE THEREOF, SUCH DEBT TO BEAR INTEREST (IF ANY) AT A
MAXIMUM NET EFFECTIVE INTEREST RATE NOT TO EXCEED 15.0%PER ANNUM,SUCH INTEREST
TO BE PAYABLE AT SUCH TIME OR TIMES, AND WHICH MAY COMPOUND ANNUALLY OR
SEMIANNUALLY,AND SUCH DEBT TO MATURE,BE SUBJECT TO REDEMPTION WITH OR WITHOUT
PREMIUM,AND BE ISSUED AND SOLD AT,ABOVE OR BELOW PAR, SUCH DEBT TO BE ISSUED OR
INCURRED AT ONE TIME OR FROM TIME TO TIME, TO BE PAID FROM ANY LEGALLY AVAILABLE
REVENUES OF THE DISTRICT, INCLUDING THE PROCEEDS OF AD VALOREM PROPERTY TAXES,
WHICH REVENUES TO THE EXTENT PAYABLE UNDER INTERGOVERNMENTAL AGREEMENTS
SHALL BE ASSIGNABLE BY THE BEEBE DRAW FARMS AUTHORITY FOR THE PAYMENT OF
OBLIGATIONS FUNDING PARKS AND RECREATION IMPROVEMENTS;
SUCH TAXES TO CONSIST OF AN AD VALOREM MILL LEVY IMPOSED ON ALL TAXABLE PROPERTY
OF THE DISTRICT IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH
ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, BUT NOT TO EXCEED, IN ANY TAX
LEVY YEAR,50 MILLS (SUBJECT TO ADJUSTMENT AS DESCRIBED BELOW)LESS (A)THE NUMBER
OF MILLS REQUIRED TO BE IMPOSED IN SUCH TAX LEVY YEAR TO PAY THE DISTRICT'S
ADMINISTRATION AND OPERATIONS AND MAINTENANCE EXPENSES IN ACCORDANCE WITH THE
BEEBE DRAW FARMS AUTHORITY ESTABLISHMENT AGREEMENT,AND LESS(B)THE NUMBER OF
MILLS REQUIRED TO BE IMPOSED IN SUCH TAX LEVY YEAR BY THE BEEBE DRAW FARMS
METROPOLITAN DISTRICT NO. 1 TO PAY SUCH DISTRICT'S OUTSTANDING GENERAL OBLIGATION
BONDS, SERIES 1998, PROVIDED THAT SUCH 50 MILL MAXIMUM LEVY RATE MAY BE ADJUSTED
BY THE BOARD OF DIRECTORS TO TAKE INTO ACCOUNT LEGISLATIVE OR CONSTITUTIONALLY
IMPOSED ADJUSTMENTS IN ASSESSED VALUES OR THE METHOD OF THEIR CALCULATION
OCCURRING AFTER JANUARY 1, 2010, SO THAT, TO THE EXTENT POSSIBLE, THE ACTUAL
REVENUES GENERATED BY SUCH MILL LEVY ARE NEITHER DIMINISHED NOR ENHANCED AS A
RESULT OF SUCH CHANGES; SUCH TAXES TO BE USED FOR THE PURPOSE OF PAYING THE
PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON SUCH DEBT; ALL OF THE ABOVE
CONCERNING SUCH DEBT AND SUCH TAXES AS MAY BE DETERMINED BY THE DISTRICT BOARD
OF DIRECTORS;
AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE REVENUE FROM SUCH TAXES, ANY
OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT EARNINGS THEREON, BE
COLLECTED, RETAINED AND SPENT BY THE DISTRICT AS A VOTER-APPROVED REVENUE
CHANGE, WITHOUT REGARD TO ANY SPENDING, REVENUE-RAISING, OR OTHER LIMITATION
CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION,OR ANY OTHER
LAW WHICH PURPORTS TO LIMIT THE DISTRICT'S REVENUES OR EXPENDITURES AS IT
CURRENTLY EXISTS OR AS IT MAY BE AMENDED IN THE FUTURE, AND WITHOUT LIMITING IN
ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED,RETAINED AND SPENT
BY THE DISTRICT?
NUMBER OF VOTES FOR NUMBER OF VOTES AGAINST
d
BEEBE DRAW FARMS METROPOLITAN DISTRICT NO. 2 BALLOT ISSUE 5H:
SHALL BEEBE DRAW FARMS METROPOLITAN DISTRICT NO. 2 DEBT BE INCREASED $44,000,000
WITH A REPAYMENT COST OF $308,000,000, AND SHALL BEEBE DRAW FARMS METROPOLITAN
DISTRICT NO. 2 TAXES BE INCREASED$50,600,000 ANNUALLY OR SUCH LESSER AMOUNT AS MAY
BE NECESSARY FOR THE PAYMENT OF SUCH DEBT AND ANY REFUNDINGS THEREOF (WHICH
REFUNDINGS MAY BEAR INTEREST AT AN INTEREST RATE THAT IS EQUAL TO,LOWER OR HIGHER
THAN THE INTEREST RATE ON THE REFUNDED DEBT), FOR THE PURPOSE OF:
PAYING, LEASING, FINANCING OR REIMBURSING ALL OR ANY PART OF THE COSTS OF
DESIGNING,ACQUIRING, CONSTRUCTING, RELOCATING, INSTALLING, COMPLETING AND
OTHERWISE PROVIDING, WITHIN OR WITHOUT THE BOUNDARIES OF THE DISTRICT, A
POTABLE AND NON-POTABLE WATER SUPPLY, STORAGE, TRANSMISSION AND
DISTRIBUTION SYSTEM FOR DOMESTIC AND OTHER PUBLIC AND PRIVATE PURPOSES BY
ANY AVAILABLE MEANS, AND TO PROVIDE ALL NECESSARY OR PROPER TREATMENT
WORKS AND FACILITIES, EQUIPMENT, AND APPURTENANCES INCIDENT THERETO,
INCLUDING BUT NOT LIMITED TO WELLS, WATER PUMPS, WATER LINES, WATER
FEATURES,PURIFICATION PLANTS,PUMP STATIONS,TRANSMISSION LINES,DISTRIBUTION
MAINS AND LATERALS,FIRE HYDRANTS,METERS, WATER TAPS,IRRIGATION FACILITIES,
CANALS, DITCHES, WATER RIGHTS, FLUMES, PARSHALL FLUMES, HEADGATES, DROP
STRUCTURES, STORAGE RESERVOIRS AND FACILITIES,TOGETHER WITH ALL NECESSARY,
INCIDENTAL AND APPURTENANT FACILITIES, EQUIPMENT, LAND, EASEMENTS, AND
EXTENSIONS OF AND IMPROVEMENTS TO SUCH FACILITIES;
SUCH DEBT TO CONSIST OF REVENUE BONDS PAYABLE FROM AN ASSIGNMENT OF REVENUES
PLEDGED UNDER INTERGOVERNMENTAL AGREEMENTS BETWEEN THE DISTRICT AND BEEBE
DRAW FARMS AUTHORITY AND AN INTERGOVERNMENTAL AGREEMENT BETWEEN THE BEEBE
DRAW FARMS METROPOLITAN DISTRICT NO. 1 AND THE BEEBE DRAW FARMS AUTHORITY AND
ANY OTHER LEGALLY AVAILABLE REVENUES OF THE DISTRICT, SUCH DEBT FOR STREETS
TOGETHER WITH ANY OTHER DEBT CONSISTING OF REVENUE BONDS ISSUED BY THE DISTRICT
WITH FOR THE PURPOSES OF FINANCING PARKS AND RECREATION IMPROVEMENTS OR STREET
IMPROVEMENTS NOT TO EXCEED IN THE AGGREGATE$44,000,000,THE TERM OF SUCH DEBT NOT
TO EXCEED FORTY YEARS FROM THE DATE OF ISSUANCE THEREOF, SUCH DEBT TO BEAR
INTEREST(IF ANY)AT A MAXIMUM NET EFFECTIVE INTEREST RATE NOT TO EXCEED 15.0%PER
ANNUM,SUCH IN I EREST TO BE PAYABLE AT SUCH TIME OR TIMES,AND WHICH MAY COMPOUND
ANNUALLY OR SEMIANNUALLY, AND SUCH DEBT TO MATURE, BE SUBJECT TO REDEMPTION
WITH OR WITHOUT PREMIUM,AND BE ISSUED AND SOLD AT,ABOVE OR BELOW PAR,SUCH DEBT
TO BE ISSUED OR INCURRED AT ONE TIME OR FROM TIME TO TIME, TO BE PAID FROM ANY
LEGALLY AVAILABLE REVENUES OF THE DISTRICT,INCLUDING THE PROCEEDS OF AD VALOREM
PROPERTY TAXES,WHICH REVENUES TO THE EXTENT PAYABLE UNDER INTERGOVERNMENTAL
AGREEMENTS SHALL BE ASSIGNABLE BY THE BEEBE DRAW FARMS AUTHORITY FOR THE
PAYMENT OF OBLIGATIONS FUNDING WATER IMPROVEMENTS;
SUCH TAXES TO CONSIST OF AN AD VALOREM MILL LEVY IMPOSED ON ALL TAXABLE PROPERTY
OF THE DISTRICT IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH
ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, BUT NOT TO EXCEED, IN ANY TAX
LEVY YEAR,50 MILLS(SUBJECT TO ADJUSTMENT AS DESCRIBED BELOW)LESS (A)THE NUMBER
OF MILLS REQUIRED TO BE IMPOSED IN SUCH TAX LEVY YEAR TO PAY THE DISTRICT'S
ADMINISTRATION AND OPERATIONS AND MAINTENANCE EXPENSES IN ACCORDANCE WITH THE
BEEBE DRAW FARMS AUTHORITY ESTABLISHMENT AGREEMENT,AND LESS(B)THE NUMBER OF
MILLS REQUIRED TO BE IMPOSED IN SUCH TAX LEVY YEAR BY THE BEEBE DRAW FARMS
METROPOLITAN DISTRICT NO. 1 TO PAY SUCH DISTRICT'S OUTSTANDING GENERAL OBLIGATION
BONDS, SERIES 1998, PROVIDED THAT SUCH 50 MILL MAXIMUM LEVY RATE MAY BE ADJUSTED
, • BY THE BOARD OF DIRECTORS TO TAKE INTO ACCOUNT LEGISLATIVE OR CONSTITUTIONALLY
IMPOSED ADJUSTMENTS IN ASSESSED VALUES OR THE METHOD OF THEIR CALCULATION
OCCURRING AFTER JANUARY 1, 2010, SO THAT, TO THE EXTENT POSSIBLE, THE ACTUAL
REVENUES GENERATED BY SUCH MILL LEVY ARE NEITHER DIMINISHED NOR ENHANCED AS A
RESULT OF SUCH CHANGES; SUCH TAXES TO BE USED FOR THE PURPOSE OF PAYING THE
PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON SUCH DEBT; ALL OF THE ABOVE
CONCERNING SUCH DEBT AND SUCH TAXES AS MAY BE DETERMINED BY THE DISTRICT BOARD
OF DIRECTORS;
AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE REVENUE FROM SUCH TAXES, ANY
OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT EARNINGS THEREON, BE
COLLECTED, RETAINED AND SPENT BY THE DISTRICT AS A VOTER-APPROVED REVENUE
CHANGE, WITHOUT REGARD TO ANY SPENDING, REVENUE-RAISING, OR OTHER LIMITATION
CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION,OR ANY OTHER
LAW WHICH PURPORTS TO LIMIT THE DISTRICT'S REVENUES OR EXPENDITURES AS IT
CURRENTLY EXISTS OR AS IT MAY BE AMENDED IN THE FUTURE, AND WITHOUT LIMITING IN
ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED,RETAINED AND SPENT
BY THE DISTRICT?
NUMBER(OF VOTESFOR NUMBER OF VOTES AGAINST
O
BEEBE DRAW FARMS METROPOLITAN DISTRICT NO. 2 BALLOT ISSUE 51:
SHALL THE BEEBE DRAW FARMS AUTHORITY ("AUTHORITY") BE ESTABLISHED FOR THE
PURPOSE OF PROVIDING FOR THE FINANCING,CONSTRUCTION,OPERATION AND MAINTENANCE
OF PUBLIC INFRASTRUCTURE AND AMENITIES (INCLUDING ROAD AND WATER IMPROVEMENTS
AND PARKS AND RECREATION FACILI TIES)NECESSARY FOR THE COMPLETION OF DEVELOPMENT
IN BEEBE DRAW FARMS METROPOLITAN DISTRICT NO. 1 ("DISTRICT NO. 1") AND BEEBE DRAW
FARMS METROPOLITAN DISTRICT NO. 2 ("DISTRICT NO. 2") UNDER AN IN TERGOVERNMENTAL
AGREEMENT(THE"ESTABLISHMENT AGREEMENT")BETWEEN DISTRICT NO. 1 AND DISTRICT NO.
2;SHALL DISTRICT NO.2 EN PER INTO SUCH ESTABLISHMENT AGREEMENT AS A MULTIPLE FISCAL
YEAR FINANCIAL OBLIGATION TO PAY TO THE AUTHORITY THE PROCEEDS OF AN AD VALOREM
PROPERTY TAX LEVY THAT, TOGETHER WITH ANY OTHER AD VALOREM PROPERTY TAX LEVY
IMPOSED BY DISTRICT NO.2 AND THE AD VALOREM PROPERTY TAX LEVY IMPOSED BY DISTRICT
NO. 1 FOR PAYMENT OF ITS GENERAL OBLIGATION BONDS, SERIES 1998, SHALL NOT EXCEED 50
MILLS (PROVIDED THAT SUCH MILL LEVY RATE MAY BE ADJUSTED BY THE BOARD OF
DIRECTORS TO TAKE INTO ACCOUNT LEGISLATIVE OR CONSTITUTIONALLY IMPOSED
ADJUSTMENTS IN ASSESSED VALUES OR THE METHOD OF THEIR CALCULATION OCCURRING
AFTER JANUARY 1, 2010, SO THAT, TO THE EXTENT POSSIBLE, THE ACTUAL REVENUES
GENERATED BY SUCH MILL LEVY ARE NEITHER DIMINISHED NOR ENHANCED AS A RESULT OF
SUCH CHANGES) FOR THE PURPOSE OF FUNDING THE PROVISION BY THE AUTHORITY OF
INFRASTRUCTURE AND AMENITIES IN ACCORDANCE WITH THE ESTABLISHMENT AGREEMENT,
AND TO CONTRIBUTE TO THE AUTHORITY, FOR APPLICATION UNDER THE ESTABLISHMENT
AGREEMENT, THE PROCEEDS OF ANY REVENUE BONDS ISSUED BY DISTRICT NO. 2 TO FINANCE
THE CAPITAL COSTS OF THE PUBLIC INFRASTRUCTURE AND AMENITIES; AND SHALL ALL
AMOUNTS RECEIVED BY THE AUTHORITY UNDER THE ESTABLISHMENT AGREEMENT BE
COLLECTED, RETAINED AND SPENT BY THE AUTHORITY AS A VOTER-APPROVED REVENUE
CHANGE, WITHOUT REGARD TO ANY SPENDING, REVENUE-RAISING, OR OTHER LIMITATION
CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION,OR ANY OTHER
LAW WHICH PURPORTS TO LIMIT THE AUTHORITY'S REVENUES OR EXPENDITURES AS IT
., dURRENTLY EXISTS OR AS IT MAY BE AMENDED IN THE FUTURE, AND WITHOUT LIMITING IN
ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED,RETAINED AND SPENT
BY THE AUTHORITY?
NUMBER OF VOTES FOR NUMBER OF VOTES AGAINST. .,
0
BEEBE DRAW FARMS METROPOLITAN DISTRICT NO. 2 BALLOT ISSUE 5J:
SHALL ALL OF THE DEBT AUTHORIZATION OF BEEBE DRAW FARMS METROPOLITAN DISTRICT
NO.2 APPROVED BY ELIGIBLE ELECTORS OF THE DISTRICT AT AN ELECTION HELD NOVEMBER 2,
1999,BUT SOLELY TO THE EXTENT THE SAME REMAINS UNUSED AND OUTSTANDING AS OF THE
DATE HEREOF, BE REVOKED AND NO LONGER CONSTITUTE VALID DEBT AUTHORIZATION FOR
SUCH DISTRICT, PROVIDED THAT THE EFFECTIVENESS OF SUCH REVOCATION SHALL BE
CONTINGENT UPON: (I) THE APPROVAL BY THE DISTRICT'S VOTERS, AT THE ELECTION HELD
NOVEMBER 2,2010,OF BALLOT ISSUES A THROUGH I,AND(II)THE APPROVAL BY THE VOTERS OF
BEEBE DRAW FARMS METROPOLITAN DISTRICT NO. 1, AT THE ELECTION HELD NOVEMBER 2,
2010, OF ITS BALLOT ISSUES A THROUGH E?
t NUMBER#'OF VOTES; .,9$1 , ,"' t4r91 'OF VOTES AGAINST.
$ v
By:
Design.ted c ion •ificial Date
J //Ad°
Can er Date
Canvasser Date
District Contact Information:
Lisa Johnson, District Manager
Beebe Draw Farms Metropolitan District No. 2
141 Union Boulevard, Suite 150
Lakewood, Colorado 80228-1898
Telephone: 303-987-0835
Facsimile: 303-987-2032
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