HomeMy WebLinkAbout20072576.tiff CONSOLIDATED SERVICE PLAN
FOR
WATERFRONT AT FOSTER LAKE METROPOLITAN DISTRICT NO. 1
WATERFRONT AT FOSTER LAKE METROPOLITAN DISTRICT NO. 2
WATERFRONT AT FOSTER LAKE METROPOLITAN DISTRICT NO. 3
WELD COUNTY, COLORADO
Prepared by:
Grimshaw &Harring, P.C.
1700 Lincoln Street, Suite 3800
Denver, CO 80203
Submitted to Weld County on:
May 31, 2007
EXHIBIT
2007-2576 1 2
TABLE OF CONTENTS
I. INTRODUCTION 1
A. Purpose and Intent 1
II. DEFINITIONS 1
A. Multiple District Structure. 4
B. Needs Analysis/Basis for Statutory Findings 4
C. District Functions Generally 4
III. BOUNDARIES 5
IV. PROPOSED LAND USE AND ASSESSED VALUATION 5
V. DESCRIPTION OF PROPOSED POWERS, IMPROVEMENTS AND SERVICES 6
A. Powers of the Districts and Service Plan Amendment. 6
1. Operations and Maintenance Limitation 6
2. Longs Peak Water District and St. Vrain Sanitation District 7
3. Construction Standards Limitation 7
4. Privately Placed Debt Limitation 7
5. Initial Debt Limitation 8
6. Total Debt Issuance Limitation 8
7. Monies from Other Governmental Sources 8
8. Eminent Domain Limitation 8
9. Service Plan Amendment Requirement 8
B. Primary Infrastructure Plan 9
VI. FINANCIAL PLAN 9
A. General 9
B. Maximum Net Effective Interest Rate and Maximum Underwriting Discount.... 10
C. Maximum Debt Mill Levy. 10
D. Maximum Debt Mill Levy Imposition Term 10
E. Debt Repayment Sources 11
F. Security for Debt 11
G. Operating Costs of the Districts 11
H. Elections 12
VII. CONSOLIDATION 12
VIII. PROPOSED AND EXISTING INTERGOVERNMENTAL AGREEMENTS AND
EXTRATERRITORIAL SERVICE AGREEMENTS 12
IX. CONCLUSION 13
LIST OF EXHIBITS
EXHIBIT A Legal Descriptions
EXHIBIT B Vicinity Map
EXHIBIT C District Boundaries Map
EXHIBIT D Primary Infrastructure Plan
EXHIBIT E Map Depicting Public Improvements
EXHIBIT F Financial Plan
EXHIBIT G Statutory Considerations
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