HomeMy WebLinkAbout20060538.tiff RESOLUTION
RE: APPROVE SERVICE PLAN FOR PROPOSED PIONEER METROPOLITAN DISTRICT
NO. 1 (FINANCING DISTRICT)
WHEREAS,the Board of County Commissioners of Weld County, Colorado, pursuant to
Colorado statute and the Weld County Home Rule Charter, is vested with the authority of
administering the affairs of Weld County, Colorado, and
WHEREAS,pursuant to Section 32-1-204,C. R.S.,a Service Plan concerning the proposed
Pioneer Metropolitan District No. 1 (Financing District)was filed with the Weld County Board of
County Commissioners, and
WHEREAS, on January 4, 2006, by Resolution #2006-0023, the Board of County
Commissioners scheduled a public hearing on the Service Plan to be held at 9:00 a.m. on
February 6, 2006, and
WHEREAS, notice of the date, time, location, and purpose of said hearing was duly
published in The Fort Lupton Press, the county legal newspaper, on January 18, 2006 and the
Greeley Tribune on January 17, 2006; notice was provided to the Division of Local Affairs of the
name and type of the proposed district; and notice of the date,time and location of said hearing was
provided to the Petitioners,to the governing body of each municipality and of each special district
which had levied an ad valorem tax within the next preceding tax year and which had boundaries
within a radius of three(3)miles of the proposed district,and to said Division,as required by Section
32-1-202(1), C. R. S., and Section 32-1-204(1), C. R. S., and
WHEREAS,the Weld County Planning Commission studied and considered the Service
Plan at its meeting on December 20, 2005, at which time said Commission adopted a Resolution
recommending denial of said Service Plan for various reasons as more specifically stated therein,
which recommendation was subsequently presented to the Board of County Commissioners at its
hearing on this matter, as required by Section 32-1-204(2), C. R. S., and
WHEREAS,the Board did,on February 6,2006,conduct a full public hearing on this matter,
taking evidence establishing the jurisdiction of the Board to hear this matter and further taking
evidence regarding the substantive issues set forth in Section 32-1-203, C. R.S., at which hearing
all interested parties were afforded an opportunity to be heard, and
WHEREAS, the Board fully considered the Service Plan and all testimony and other
evidence presented to it in this matter relating to said Service Plan, including the unfavorable
recommendation of the Weld County Planning Commission, and
WHEREAS,the Board,after consideration of all testimony and other evidence presented to
the Board in this matter, finds that the Service Plan meets the criteria contained within Section
32-1-203, C. R. S., as amended, and
WHEREAS,no written requests for exclusion were submitted to the Board.
2006-0538
e/9 SD0126
APPROVE SERVICE PLAN - PROPOSED PIONEER METROPOLITAN DISTRICT NO. 1
(FINANCING DISTRICT)
PAGE 2
NOW,THEREFORE,BE IT RESOLVED by the Board of County Commissioners of Weld
County, Colorado, that:
Section 1. The Board hereby determines that all of the jurisdictional and other
requirements of Sections 32-1-202 and 32-1-204, C. R. S., have been
fulfilled, including those relating to the filing and form of the Service Plan,the
form and publication of the public notice of the hearing on the Service Plan,
and the type of public hearing held herein, and that, pursuant to Section
32-1-204(1.5) the petitioners did give proper and timely notification of the
hearing to the property owners within the proposed district.
Section 2. The Weld County Planning Commission has considered this matter as
required by law and has unfavorably recommended approval of the Service
Plan.
Section 3. Based upon the information contained within the Service Plan and evidence
presented to the Board at the hearing, the Board hereby finds and
determines as follows:
A. There is sufficient existing and projected need for organized services
of the nature proposed in the Service Plan in the area to be serviced
by the proposed District.
B. The existing services in the area to be served by the proposed
District are inadequate for present and projected needs.
C. The proposed District is capable of providing economical and
sufficient services to the area within its proposed boundaries.
D. The area to be included in the proposed District has, or will have,the
financial ability to discharge the proposed indebtedness on a
reasonable basis.
E. Adequate services are not, and will not be, available to the area
through Weld County or other municipal or quasi-municipal
corporations,including special districts,within a reasonable time and
on a comparable basis.
F. The facilities and service standards of the proposed District are, or
will be, compatible with the facilities and service standards of Weld
County and of each municipality and special district which is an
interested party hereto.
G. The Service Plan is in substantial compliance with the Weld County
Comprehensive Plan and the Weld County Code.
2006-0538
SD0126
APPROVE SERVICE PLAN - PROPOSED PIONEER METROPOLITAN DISTRICT NO. 1
(FINANCING DISTRICT)
PAGE 3
H. The creation of the proposed District will be in the best interest of the
area proposed to be served.
Section 4. The Service Plan of the proposed District be, and hereby is, approved,
subject to the following conditions:
A. The Service Plan shall be revised to state that the proposed District
is prohibited from issuing debt prior to the approval of a
Comprehensive Plan amendment which anticipates land use
designations substantially similar to the land use designation set forth
in the Comprehensive Plan amendment submitted for County review
on October 19, 2005.
B. The Service Plan shall be revised to incorporate an alternative
financial plan which would present the impact of a 30-year absorption
of the projected build-out of development within the Service Area.
C. The Service Plan shall be revised to state that control of the
proposed Service District will be transitioned to the Financing
Districts by way of an Intergovernmental Agreement when all of the
public improvements necessary to serve the Service Area have been
financed and constructed.
D. The Service Plan shall be revised to state that the Districts shall have
the ability to participate in the financing and construction of any
off-site transportation or road improvements which are required by
the County to service the development within the Service Area.
Section 5. The Clerk to the Board be, and hereby is, directed to advise the Petitioners
in writing of this action and to attach a certified copy of this Resolution for the
purpose of filing the same with the District Court of Weld County.
Section 6. All Resolutions, or parts hereof, in conflict with the provisions hereof, are
hereby repealed to the extent of such conflict only.
Section 7. This Resolution, immediately upon its passage,shall be authenticated by the
signatures of the Board of County Commissioners and the Clerk to the Board
and sealed with the corporate seal of the County.
Section 8. This Resolution is necessary for the health, safety and welfare of the
citizenry of Weld County.
2006-0538
SD0126
APPROVE SERVICE PLAN - PROPOSED PIONEER METROPOLITAN DISTRICT NO. 1
(FINANCING DISTRICT)
PAGE 4
The above and foregoing Resolution was,on motion duly made and seconded,adopted by
the following vote on the 6th day of February, A.D., 2006.
BOARD OF C NTY COMMISSIONERS
WELD CO , COLORADO
ELa 4/14 , /
.�°"j �1 M. g1C it 2cii
t 1861 1 . k to the Board i O4 i.
4, / David E. Long, Pro-Tem
•
Clerk to the Board / ki,--
WilliMe AkVal, —
AP DAST •
Robert D. Mas n
ounty Attorneyd�
enn aad G�
Date of signature: 4/.4/9,A
2006-0538
SD0126
SERVICE PLAN
FOR
PIONEER
METROPOLITAN DISTRICT NO. 1
(Financing District)
(COUNTY OF WELD, COLORADO)
Submitted: October 27, 2005
Resubmitted: January 13, 2006
PREPARED BY:
McGEADY SISNEROS,P.C.
1675 BROADWAY, SUITE 2100
DENVER, COLORADO 80202
(303) 592-4380
GATEWAY AMERICAN RESOURCES
9145 EAST KENYON AVE., SUITE 202
DENVER, CO 80237
(303) 843-9742
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TABLE OF CONTENTS
Page
I. INTRODUCTION 1
A. General Information 1
II. DISTRICT BOUNDARIES/MAPS 2
III. PURPOSE OF THE DISTRICT 2
A. Generally 2
B. Proposed Structure 4
IV. PROPOSED LAND USE/POPULATION PROJECTIONS 6
V. DESCRIPTION OF PROPOSED SERVICES 7
A. Types of Improvements 7
• 1. Water 8
2. Sanitation 9
3. Streets 10
4. Safety Protection 10
5. Park and Recreation 11
6. Transportation 11
7. Television Relay and Translation 11
8. Mosquito Control 12
9. Fire Protection 12
10. Other Powers 13
(a) Plan Amendments 13
(b) Phasing, Deferral 13
(c) Eminent Domain 13
(d) Additional Services 14
B. Standards of Construction/Statement of Compatibility 15
— VI. ASSESSED VALUATION 15
VII. ESTIMATED COSTS OF FACILITIES 15
VIII. REGIONAL IMPROVEMENTS /INTERGOVERNMENTAL AGREEMENT 16
A. Coordinated Services of the Districts. 16
IX. OPERATION AND MAINTENANCE/ESTIMATED COSTS 17
X. FINANCIAL PLAN/PROPOSED INDEBTEDNESS 18
A. General Discussion 18
B. Service District Participation 20
1. Revenue Bonds 20
2. Operations 21
C. Financing Districts Participation. 22
1. Limited General Obligation Bonds 22
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2. Mill Levy Cap 24
3. Regional Improvements Mill Levy 25
4. Operations 27
XI. ELECTION QUESTIONS 27
XII. DISSOLUTION OF DISTRICT 28
XIII. DEFAULT OF DISTRICT 28
XIV. CONCLUSION 29
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SCHEDULE OF EXHIBITS
EXHIBIT A Legal Description of Property
EXHIBIT B-1 Boundary and Vicinity Map
EXHIBIT B-2 Service Area
EXHIBIT C List of Improvements and Preliminary Engineer's Estimate of Costs;
Depiction of Location of Public Improvements
EXHIBIT D Financial Plans
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y
SERVICE PLAN FOR
PIONEER METROPOLITAN DISTRICT NO. 1
I. INTRODUCTION
A. General Information
In accordance with the requirements of the Special District Control Act, Section
32-1-201, et seq., Colorado Revised Statutes, this Service Plan consists of a financial analysis
and an engineering plan showing how the existing and proposed facilities and services of the
— proposed Pioneer Metropolitan District No. 1 (the "District") will be constructed and financed.
This Service Plan complies with all applicable state and federal laws and the Special District
Control Act and the Weld County Guidelines governing Service Plans for Title 32 Special
Districts ("Guidelines"). The following items are included in this Service Plan:
1. A description of the proposed services;
2. A financial plan showing how the proposed services are to be financed,
including the proposed operating revenue derived from property taxes of the District;
3. A preliminary engineering or architectural survey showing how the
proposed services are to be provided;
4. A map of the District boundaries, the proposed Service Area, as
hereinafter defined, and an estimate of the population and valuation for assessment of the
District;
5. A general description of the facilities to be constructed and the standards
of such construction, including a statement of how the facility and service standards of the
District are compatible with facility and service standards of Weld County (the "County") and of
any municipalities and special districts which are interested parties pursuant to Section
32-1-2040), Colorado Revised Statutes;
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S
6. A general description of the estimated cost of acquiring land, engineering
services, legal services, administrative services, proposed indebtedness and estimated proposed
maximum interest rates and discounts, and other major expenses related to the operation of the
District; and
7. A description of any arrangement or proposed agreement with any
political subdivision for the performance of any services between the District and such other
political subdivision, and if applicable, a form of the agreement is attached hereto.
II. DISTRICT BOUNDARIES/MAPS
_ The total area proposed to be included within the District's boundaries at the time of
organization is approximately 1,010 acres ("Property"). A legal description of the Property is
attached hereto as Exhibit A. A map of the boundaries of the District and a vicinity map is
attached as Exhibit B-1. A map of the proposed service area, which comprises the approximate
5,600 acre Pioneer development, is attached as Exhibit B-2 (referred to herein as "Service Area"
or"Development"). If the County approves land uses for the Development (defined below) for
commercial, single-family and multi-family residential uses then it is anticipated that the
Districts would finance the improvements described herein in order to serve such Development.
Each tract of land("Tract") will describe the type of development that will be permitted with
respect to that Tract.
III. PURPOSE OF THE DISTRICT
A. Generally
The Development is entirely within the boundaries of the County. The District
and the property within the Development are located generally north of I-76 at the intersection of
CR 22 and CR 49. Water and sewer service will be provided by Resource Colorado Water and
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Sanitation Metropolitan District ("Resource") as discussed below. Resource has received a
— conditional service area designation from North Front Range Water Quality Planning
` Association to serve as the regional wastewater treatment provider to the Service Area("208
Permit"). The Service Area is within the area prescribed by the 208 Permit. The Development is
now vacant and is not presently served with the facilities and services to be provided by the
District. Neither the County nor any other existing special district has plans to provide such
services and facilities within a reasonable time and on a comparable basis.
It is proposed that the District will work in cooperation with Pioneer Regional
_ Metropolitan District and Pioneer Metropolitan District Nos. 2-6 to serve the Development and
will have the following powers: (1) to provide sanitation service to the Development; (2) to
provide water services to the Development; (3) to provide street improvements in the
Development, including some drainage improvements; (4) to provide safety protection facilities
and services in the Development; (5) to provide transportation facilities in the Development; (6)
to provide mosquito control facilities and services in the Development; (7)to provide park and
recreation facilities and services; (8)to provide television relay and translation facilities in the
Development; and (9)to provide limited fire protection services.
The District will dedicate certain of the public improvements to the County or to
such other entity, as appropriate. Portions of the Development are within Hudson Fire Protection
District("Hudson FPD") or Southeast Weld Fire Protection District ("SEWFPD"). Fire
protection and emergency medical response services will be provided by Hudson FPD or
— SEWFPD, as applicable. Law enforcement services will be provided by the Weld County
Sheriffs Department through an intergovernmental agreement with the Pioneer Law
Enforcement Authority to be formed pursuant to Section 30-11-401 et seq., C.R.S. Specifically,
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7
it is anticipated that the LEA would be formed thirty days following the canvass of votes cast at
an election indicating approval of the creation of the LEA at the November 2006 election.
B. Proposed Structure
Services will be provided to the Development by seven metropolitan districts:
Pioneer Regional Metropolitan District; the District; Pioneer Metropolitan District No. 2
("District No. 2"); Pioneer Metropolitan District No. 3 ("District No. 3"); Pioneer Metropolitan
District No. 4 ("District No. 4"); Pioneer Metropolitan District No. 5 ("District No. 5"); and
Pioneer Metropolitan District No. 6 ("District No. 6"). All are sometimes referred to collectively
as the "Districts." The Pioneer Regional Metropolitan District will be the "Service District"
organized to finance and construct the public improvements throughout the Development and
operate and maintain the water and sewer infrastructure within the Development. The District,
District No. 2, District No. 3, District No. 4, District No. 5 and District No. 6, together with any
other districts that are organized to provide financing for the public infrastructure and services,
are sometimes hereinafter referred to collectively as the "Financing Districts."
The seven districts will coordinate their efforts in order to finance and construct
the Improvements (defined herein) and to provide public services to the Development in the most
efficient manner possible. The construction of the infrastructure or provision of services within
the Districts will occur in multiple phases. The Service District will be responsible for:
(1) managing the construction of the public facilities and improvements within the Service Area
and the operation of the water and sewer infrastructure and (2) providing funding to support
costs related to the necessary services and improvements. Each Financing District will be
responsible for financing its respective share of the improvements and associated operation and
maintenance costs, as described in the respective Service Plan for each Financing District. It is
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anticipated that the Districts will enter into a Facilities Funding, Construction and Operations
Agreement ("FFCOA") which will set forth the arrangements for the financing, construction and
operations of the improvements contemplated herein for the Development. The FFCOA will set
forth that the Service District will have the authority to enter into agreements on behalf of the
Districts for the provision of wholesale water and sanitation and storm drainage services and
improvements and services within the Service Area directly or through the establishment of a
water enterprise and a sewer enterprise.
The Service District will enter into an intergovernmental agreement with
Resource whereby Resource will provide water and sanitation and storm drainage service to the
Service District, which will in turn, distribute water, collect sewage and otherwise service the
individual residential or commercial users or customers within the Service Area, as more
specifically set forth in Sections V.A.1. and V.A.2. herein.
This multiple district structure is proposed because the projected absorption of the
Development and the public improvements to be financed are reasonably projected to extend
over more than six (6) years from the date of organization of the District and the Development
has varying projected uses. In fact, the build-out for the Development is anticipated to exceed
fifteen (15) years; therefore, as is permitted by the Guidelines, the Districts anticipate issuance of
debt beyond fifteen (15) years in order to provide the services outlined in the Service Plans since
such development phasing makes it impracticable to issue all debt within 15 years. Furthermore,
the multiple district structure is proposed because it provides several benefits to the inhabitants
of the Development and the County. Multiple districts will assure that: (1) the necessary services
and improvements can be financed in the most favorable and efficient manner; (2) costly
infrastructure will not be constructed and financed prior to an established need; (3) all the
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services and improvements needed for the Development will be available when needed through
— managed development; and (4) a reasonable mill levy and reasonable tax burden on all
— residential and commercial property within the Districts will be maintained through managed
financing and coordinated completion of infrastructure improvements. The mechanics of the
multiple district structure will be addressed in the FFCOA, which will be more specifically
described in Section VIII herein.
IV. PROPOSED LAND USE/POPULATION PROJECTIONS
- It is anticipated that the land use for the Development will provide for the development of
a maximum of 200,000 square feet of commercial uses, 9,500 single-family residential units and
500 attached and/or multi-family units. The peak daytime residential population for the property
within the Development is estimated at 25,000 persons, based upon a ratio of 2.5 people per
residential unit. These projections are subject to revision based upon final land use approvals.
It is anticipated that the District's boundaries may change from time to time as it
undergoes inclusions and exclusions pursuant to parts 4 and 5 of Article 1, Title 32, C.R.S.
Specifically, inclusions and exclusions will be permitted between and among the Districts within
the Development boundaries, and the Districts anticipate an inclusion to the Service Area along
County Road 49. Inclusions and exclusions of property that are not described in this Service
— Plan ("Extraordinary Inclusion(s)") shall require 45 day notice publication and written notice to
the County pursuant to Section 32-1-207(3)(b), C.R.S. If, within 45 days of the publication of
such notice, the County expresses to the District a written objection to an Extraordinary
— Inclusion, then such action shall be considered a material modification of this Service Plan and
shall be resolved only in accordance with Section 32-1-207(2), C.R.S. The vote by the District
Board of Directors to seek such an Extraordinary Inclusion which precedes the notice to the
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AO
County must occur at a public meeting of he District for which the District has given written
notification via US mail at least 14 days and not more than 30 days in advance of such a meeting
to all electors, residents, and landowners. Such notification must include the time, date, and
location of the meeting as well as a general description of the modifications to be discussed.
Furthermore, other than service between and among the Districts, no extraterritorial
service is anticipated to be provided by the Districts. Any extraterritorial service agreements not
described herein ("Extraordinary Extraterritorial Service Agreements") by the District shall
require 45 day notice publication and written notice to the County pursuant to Section 32-1-
207(3)(b), C.R.S. If, within 45 days of the publication of such notice, the County expresses to
the District a written objection to an Extraordinary Extraterritorial Service Agreement, then such
action shall be considered a material modification of this Service Plan and shall be resolved only
in accordance with Section 32-1-207(2), C.R.S. The vote by the District Board of Directors
regarding such Extraordinary Extraterritorial Service Agreement which precedes notice to the
County must occur at a public meeting of he District for which the District has given written
notification via US mail at least 14 days and not more than 30 days in advance of such a meeting
to all electors, residents, and landowners. Such notification must include the time, date, and
location of the meeting as well as a general description of the modification to be discussed.
V. DESCRIPTION OF PROPOSED SERVICES
The following paragraphs provide a description of the proposed services to be provided
by the District.
A. Types of Improvements
The District plans to provide for the design, acquisition, construction, installation,
maintenance, and financing of certain water, sanitation, storm drainage, street, safety, park and
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//
recreation, transportation, television relay and translation, mosquito control and limited fire
protection improvements and services within and without the boundaries of the District
("Primary Infrastructure Plan" or"Improvements"). This Service Plan describes those
Improvements anticipated for construction and financing by the Districts, which Improvements
will benefit the Development and the County. The Improvements generally depicted and
described in Exhibit C have been presented for illustration only and the exact design,
subphasing of construction and location of the Improvements will be determined at the time of
platting and such decisions shall not be considered to be a material modification of the Service
Plan.
1. Water. The District shall have the power to provide for the design,
acquisition, construction, completion, installation, operation and maintenance of a complete
potable and nonpotable water supply, purification, storage, transmission and distribution system,
which may include, but shall not be limited to: wells, water pumps, purification plants, pump
stations, transmission lines, distribution mains and laterals, fire hydrants, irrigation facilities,
storage facilities, land and easements, and all necessary, incidental, and appurtenant facilities,
together with extensions of and improvements to said system within and without the boundaries
of the District. The water supply system will supply the water needs for the Service Area as
development occurs. Water facilities and service arrangements to the entire Service Area will be
provided by the Service District. The Service District will acquire water rights and water
services as necessary and build the water facilities for the Service Area. It is anticipated that the
District will develop and implement, in association with the Service District, municipal standards
for the provision of water service, which standards will govern the Service District's construction
{00054529.DOC v:2} 8
of water facilities and provision of water service in association with any Colorado Department of
Health or other applicable regulations. The water facilities will be constructed in phases.
The Service District will enter into an intergovernmental agreement with
Resource, whereby Resource will construct the facilities necessary to transport its water("Water
Supply") from Resource's facilities to the Service Area connection point ("Resource IGA"). The
water supply is generally located on certain of the properties commonly known as the Prospect
Valley properties in Weld and Adams Counties. The Resource IGA will address the financing of
the water facilities in accordance with the terms of the Resource Service Plan. The Service
District will maintain the water facilities, or cause such facilities to be maintained.
2. Sanitation. The District shall have the power to provide for the design,
acquisition, construction, completion, installation, operation and maintenance of a complete
— sanitary sewage collection, treatment, transmission, and disposal system which may include, but
shall not be limited to, treatment plants, collection mains and laterals, lift stations, transmission
lines, sludge handling and disposal facilities, and/or storm sewer, flood and surface drainage
facilities and systems, including detention/retention ponds and associated irrigation facilities, and
all necessary, incidental, and appurtenant facilities, land and easements, together with extensions
of and improvements to said system within and without the boundaries of the District. It is
anticipated that the District will develop and implement, in association with the Service District,
municipal standards for the provision of sewer service, which standards will govern the District's
construction of sewer facilities and provision of sewer service, in association with the Colorado
Department of Health.
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i3
Pursuant to the Resource IGA, Resource will provide final wastewater treatment
service to the Service Area. The Service District will maintain the sanitation and storm drainage
facilities, or cause such facilities to be maintained.
3. Streets. The District shall have the power to provide for the acquisition,
construction, completion, installation and/or operation and maintenance of street improvements,
including curbs, gutters, culverts, and other drainage facilities, sidewalks, bike paths and
pedestrian ways, bridges, overpasses, interchanges, median islands, paving, lighting, grading,
landscaping and irrigation, together with all necessary, incidental, and appurtenant facilities, land
and easements, together with extensions of and improvements to said facilities within and
without the boundaries of the District. Such street improvements will be constructed to County
standards, unless otherwise approved by the County. It is anticipated that, unless and/or until
acceptance by the County, the Districts or an owner's association within the Property ("OA")
will, by agreement, own, operate and maintain the streets constructed by any of the Districts.
The District may supplement the County's maintenance of the streets as the District deems
necessary or desirable to benefit its service users.
It is anticipated that all streetscaping or street landscaping improvements will be
maintained by one of the Districts or OA within the Development.
4. Safety Protection. The District shall have the power to provide for the
acquisition, construction, completion, installation and/or operation and maintenance of facilities
and/or services for a system of traffic and safety controls and devices on streets and highways,
including signalization, signing and striping, together with all necessary, incidental, and
appurtenant facilities, land and easements, together with extensions of and improvements to said
facilities within and without the boundaries of the District. Unless and/or until acceptance by the
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%if
County, all safety protection improvements will be maintained by the Districts or OA, by
— agreement.
5. Park and Recreation. The District shall have the power to provide for the
design, acquisition, construction, completion, installation, operation and maintenance of parks
and recreational facilities and programs including, but not limited to, parks, bike paths and
pedestrian ways, open space, landscaping, cultural activities, community recreational centers,
water bodies, irrigation facilities, and other active and passive recreational facilities and
programs, and all necessary, incidental and appurtenant facilities, land and easements, together
with extensions of and improvements to said facilities within and without the boundaries of the
District. All such parks and recreational facilities and landscaping will be owned and maintained
by the Districts or OA, by agreement unless and/or until such improvements are accepted by the
County.
6. Transportation. The District shall have the power to provide for the
design, acquisition, construction, completion, installation, operation and maintenance of a system
to transport the public by bus, rail, or any other means of conveyance, or combination thereof, or
pursuant to contract, including park and ride facilities and parking lots, structures, and facilities;
together with all necessary, incidental and appurtenant facilities, land and easements, and all
necessary extensions of and improvements to said facilities of systems within and without the
boundaries of the District. Unless and/or until acceptance by the County, it is anticipated that the
transportation improvements will be owned, operated and maintained by the Districts, the OA or
— other appropriate jurisdiction.
7. Television Relay and Translation. To account for a circumstance where
the private sector cannot fund television relay and translation services necessary to serve the
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District, the District shall have the power to provide for the design, acquisition, construction,
completion, installation, operation and maintenance of television relay and translation facilities
and programs, together with all necessary, incidental and appurtenant facilities, land and
easements, and all necessary extensions of and improvements to said facilities or programs
within and without the boundaries of the District. Following acceptance, the television relay and
translation improvements will be owned, operated and maintained by one of the Districts or other
appropriate jurisdictions.
8. Mosquito Control. The District shall have the power to provide for the
eradication and control of mosquitoes, including but not limited to elimination or treatment of
breeding grounds, and purchase, lease, contracting or other use of equipment or supplies for
mosquito control.
—
9. Fire Protection. A portion of the property within the Development is
within Hudson FPD and a portion is within SEWFPD. The District shall have the limited power
(limited as more specifically set forth below) to provide for the financing of and design,
acquisition, construction, completion, installation, operation and maintenance of facilities and
equipment for fire protection, including fire stations, ambulance and emergency medical
response and rescue services and diving and grappling stations and all necessary, incidental and
appurtenant facilities, land and easements, together with extensions of and improvements to said
systems within and without the boundaries of the District. The fire protection improvements and
facilities will be operated and maintained by Hudson FPD or SEWFPD, as applicable. The
Districts' intention in having fire protection power is to enable them to use a portion of their mill
levy to fund improvements of Hudson FPD or SEWFPD that are necessary to serve the
Development. It is the express intent of this Service Plan that the District's authority to provide
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limited fire protection service and facilities shall be exercised cooperatively with an existing fire
— service provider, rather than authorize the creation of an independent fire department as a part of
the District.
10. Other Powers. In addition to the enumerated powers, the Board of
Directors of the District ("Board") shall also have the following authority:
(a) Plan Amendments. To amend the Service Plan as needed, subject
to the appropriate statutory procedures.
(b) Phasing, Deferral. Without amending this Service Plan, to defer,
forego, reschedule, or restructure the financing and construction of certain Improvements and
facilities, to better accommodate the pace of growth, resource availability, and potential
inclusions and exclusions of property within the District.
— (c) Eminent Domain. To exercise the power of eminent domain to
construct certain Improvements necessary for the Development. Specifically, the Districts will
use the eminent domain power to carry out the District's essential functions and services as well
as to construct the Improvements. The use of eminent domain will be undertaken strictly in
compliance with State laws. Use of eminent domain or change in the Improvements to be
constructed by the District not described in this Service Plan shall require 45 day notice
publication and written notice to the County pursuant to Section 32-1-207(3)(b), C.R.S. If,
within 45 days of the publication of such notice, the County expresses to the District a written
objection to the proposed action, then this proposed action shall be considered a material
— modification of this Service Plan and shall be resolved only in accordance with Section 32-1-
207(2), C.R.S. The vote by the District Board of Directors to utilize eminent domain in such a
manner which precedes notice to the County must occur at a public meeting of the District for
(00054529.DOC v:2) 13
/7
which the District has given written notification via US mail at least 14 days and not more than
30 days in advance of such a meeting to all electors, residents, and landowners. Such
notification must include the time, date, and location of the meeting as well as a general
description of the modification to be discussed.
(d) Additional Services. Except as specifically provided herein,to
provide such additional services and exercise such powers as are expressly or impliedly granted
by Colorado law, provided that if, after this Service Plan is approved, the Colorado State
Legislature includes additional powers or grants new or broader powers for Special Districts by
amendment of Section 32-1-1001, et seq., C.R.S., no such powers shall be available to or
exercised by the District unless the District publishes a 45-day notice and provides written notice
to the County pursuant to Section 32-1-207(3)(b), C.R.S. If, within 45 days of the publication of
— such notice, the County expresses to the District a written objection to the proposed action, then
the proposed action shall be considered a material modification of this Service Plan and shall be
resolved only in accordance with Section 32-1-207(2), C.R.S. The vote by the Board of
Directors to obtain or utilize such powers which precedes notice to the County must occur at a
public meeting of the District where the District has given individual postcard notification via
US mail at least 14 days and not more than 30 days in advance of such a meeting to all electors,
residents, and landowners. Such notification must include the time, date, and location of the
meeting as well as a general description of the modification to be discussed.
The District shall have the authority pursuant to Section 32-1-1101(1)(f)(I),
C.R.S. and Section 32-1-1101O.5)(a)through(1.5)(e), C.R.S., to divide the District into one or
more areas consistent with the services, programs and facilities to be furnished therein. The
exercise of such authority shall not be deemed a material modification of this Service Plan.
{00054529.DOC v:2) 14
/g
B. Standards of Construction/Statement of Compatibility
The District will ensure that the Improvements are designed and constructed in
accordance with the requirements of the jurisdiction in which the Improvements are located and
consistent with the levels of service adopted by that jurisdiction. The District will obtain all
necessary approvals from the appropriate governing entity prior to construction and installation
of the Improvements. Where Improvements are constructed within the County, the District shall
obtain from the County all appropriate approvals prior to commencing construction on any phase
of the Improvements.
VI. ASSESSED VALUATION
For purposes of the Financial Plans (including Significant Assumptions) attached hereto
as Exhibit D, the Property within the District's boundaries is assumed to have an assessed
— valuation of$-0-. The projected build-out for the proposed District is set forth in the Financial
Plans. The projected assessed valuation of the Development, based upon the land use
expectations heretofore noted, is set forth in the Financial Plans. At build-out, the assessed
valuation of the Development is expected to be Two Hundred Ninety-Six Million Three Hundred
Sixty-Seven Thousand Nine Hundred Twenty Eight Dollars ($296,367,928).
VII. ESTIMATED COSTS OF FACILITIES
The estimated costs of the Improvements to be designed, constructed, installed and/or
acquired by the Districts are approximately as set forth in Exhibit C attached hereto. A general
description and preliminary engineering sketch of the facilities to be constructed and/or acquired
are also set forth in Exhibit C attached hereto. The combined total estimated cost of the
Improvements is approximately One Hundred Seventy-Five Million Dollars ($175,000,000),
{00054529.DOC v:2} 15
which has been adjusted for inflation per the Guidelines, to Two Hundred Twenty Million
Dollars ($220,000,000).
VIII. REGIONAL IMPROVEMENTS/INTERGOVERNMENTAL AGREEMENT
A. Coordinated Services of the Districts.
As discussed throughout this Service Plan, the relationship between the Service
District and the Financing Districts, will be established through a proposed FFCOA. The
FFCOA will specify the rights and responsibilities of the Service District to finance, own,
acquire and facilitate any or all of the Improvements or services, except for the wholesale water
and sanitation and storm drainage services or improvements (which will be owned by Resource),
and operate, construct and maintain the water and sewer infrastructure needed to serve the
Development in conjunction with financing provided by the Financing Districts; the Financing
Districts may contract for services or operate and maintain Improvements to serve the
—
development within each Financing District. The FFCOA will establish the procedures and
standards for the approval of the design, operation and maintenance of the Improvements and the
financing of fire protection and law enforcement services. Additionally, the FFCOA will
provide the procedures for coordinated financing, budgeting and administrative oversight and
management.
Additionally, the FFCOA will contemplate the formation of an authority (the
"Authority") once the Development has reached full build out, to effectuate the transition to the
Authority of the responsibility for provision of operation and maintenance services provided to
— the Development by the Service District. The Authority would be comprised of the elected
board members of the Pioneer Districts, who would be residents of such Districts.
400054529.noc v:2} 16
Additional anticipated intergovernmental agreements include: (i) agreements
between the Pioneer LEA and Weld County Sheriff's Department to facilitate provision of law
enforcement services; (ii) agreements between the Service District and Resource, as more
specifically described in Sections III and V herein; (iii) agreements between the Districts and
Hudson FPD and/or SEWFPD to provide service to the Development; and (iv)potential
— agreements between and among the Districts for the purpose of providing service to the
Development.
Execution of intergovernmental agreements by the District that are not described
in the Service Plan ("Extraordinary IGAs") shall require 45 day notice publication and written
notice to the County pursuant to Section 32-1-207(3)(b), C.R.S. If, within 45 days of the
publication of such notice, the County expresses to the District a written objection to the
Extraordinary IGA, then such action shall be considered a material modification of this Service
Plan and shall be resolved only in accordance with Section 32-1-207(2), C.R.S. The vote by the
Board of Directors to enter into such an Extraordinary IGA which precedes the notice to the
— County, must occur at a public meeting of the District for which District has given written
notification via US mail at least 14 days and not more than 30 days in advance of such a meeting
to all electors, residents, and land owners. Such notification must include the time, date and
location of the meeting as well as a general description of the modification to be discussed.
IX. OPERATION AND MAINTENANCE/ESTIMATED COSTS
Subject to the applicable warranty,the District intends to dedicate certain facilities
— constructed or acquired, to the appropriate jurisdiction for operations and maintenance. Certain
water and sewer improvements completed by the District may be owned, operated and/or
maintained by the Service District subject to the receipt of financing from the Financing Districts
{00054529.DOC v:2) 17
al
pursuant to the FFCOA and enterprise revenues as more specifically set forth below. The
Financing Districts will operate and maintain the Improvements to serve the development within
each Financing District. To the extent it is necessary to share operation and maintenance costs,
the applicable Districts will enter into an intergovernmental agreement(s) to facilitate this.
Estimated costs for operation and maintenance functions are shown on the Financial Plans. It is
anticipated that the Financing Districts will initially impose an operation and maintenance mill
levy of ten (10) mills to cover the operating costs of the Districts. The Service District and/or
Financing Districts may impose a system of fees, rates, tolls, penalties or charges in connection
_ with its provision of services to supplement these revenues.
The Mill Levy Cap, as hereafter defined, is inclusive of the Financing Districts' mill levy
necessary for provision of operation and maintenance services to the Property. The District's
— initial annual operating budget is Fourteen Thousand Sixty-Eight Dollars ($14,068) (to be
inflated at 2% per year thereafter). These projections are subject to change based upon final land
use approvals.
X. FINANCIAL PLAN/PROPOSED INDEBTEDNESS
A. General Discussion.
This Section X summarizes the components of the Financial Plans attached hereto
as Exhibit D, as they relate to the Service District and the Financing Districts. The Financial
Plans show how the Districts will cooperatively finance the proposed facilities and/or services,
including the estimated costs of engineering services, legal services, administrative services,
proposed bond issuances and estimated proposed maximum interest rates and discounts, and
other major expenses related to the operation of the Districts and as such, should be read
together. With regard to the Financing Districts, the Financial Plan contained in Exhibit D is a
{00054529.DOC v:2} 18
combined financial plan. As development occurs, any debt issued by any of the Financing
Districts will be structured to ensure that the respective district has sufficient capacity to support
such debt. The Financial Plans demonstrate the issuance of bonds and the anticipated repayment
based on the projected development within the Development.
Although the land use application for the Development contemplates 200,000
square feet of commercial development, 9,500 single family units and 500 multi-family units, for
purposes of the Financial Plans, the development projection is based only on the residential units,
on the basis that any commercial development is assumed as single family equivalents within the
10,000 residential units. The Financial Plans demonstrate that, at various projected levels of
development, the Districts have the ability to finance the facilities identified herein, and will be
capable of discharging the debt on a reasonable basis. The Financial Plans anticipate imposition
of certain capital infrastructure fees totaling approximately $22,000 in the aggregate per
equivalent residential unit, as more specifically set forth in the Financial Plans. Rate studies will
be conducted, as necessary, to confirm the relative amounts of such fees. The District may
increase or decrease fees as it deems necessary to accommodate the financing, construction and
installation of Improvements or services.
Pursuant to the terms of the FFCOA, the Financing Districts shall be responsible
— for financing some of the costs of the Improvements for the Development through the issuance
of general obligation bonds. The Service District is authorized to issue revenue bonds secured
by various revenue sources, including fee revenue or the Financing Districts' pledge of proceeds
from general obligation bonds.
The Financial Plans show that prior to the time of the initial issuance of bonds by
the Service District or the Financing Districts, the construction costs for necessary improvements
(00054529.DOC v:2) 19
will be paid by the Developer of the property within the Development, subject to subsequent
acquisition by the Service District of the completed improvements and payment to the Developer
of such construction costs together with accrued interest thereon.
B. Service District Participation.
1. Revenue Bonds.
In order to fund the planning, design, acquisition, construction, completion
and installation of the Improvements, the Service District may issue revenue bonds through its
enterprise payable from either proceeds from general obligation bonds issued by the Financing
Districts or from revenue generated from rates, fees, tolls or charges of the Service District, the
Financing Districts or any water or sewer enterprise created by the Service District. Any such
revenue bonds will be issued in strict compliance with any then-existing statutory or regulatory
provisions. Bonds would mature not more than thirty (30) years from the date of issuance, with
—
the first maturity being not later than three years from the date of their issuance. The maximum
voted interest rate is anticipated to be eighteen percent (18%) and the maximum underwriting
discount is anticipated to be five percent(5%). The exact interest rates and discounts will be
determined at the time the bonds are sold by the Service District, and will reflect market
conditions at the time of sale. The Service District may also issue notes, certificates, debentures
or other evidences of indebtedness, including but not limited to contracts that extend beyond one
year.
The Service District may capitalize interest to permit payment of interest during
the time lapse between development of properties and collection of fees, rates, tolls and charges,
and to establish reserve funds. Interest income through the reinvestment of construction funds
will provide additional income. The projected revenue sources will retire the proposed bonds if
{00054529 DOC v2) 20
growth occurs as projected; otherwise increases in and/or the imposition of new rates, tolls, fees
and charges may be necessary.
The revenue bonds issued by the Service District shall never constitute debt or
indebtedness of the District, the County, or any other political subdivision of the state within the
meaning of any provision or limitation of the laws of Colorado or the state constitution.
2. Operations.
Annual administrative, operational and maintenance expenses are
estimated as shown in the Financial Plans. With regard to the Service District, the Financial
Plans contemplate that a portion of the revenue derived from the ten (10) Regional
Improvements Mill Levy (equivalent to 2 mills) will be transferred to the District. The Financial
Plans project that the Service District will have sufficient revenue to pay for its ongoing
operations and maintenance expenses. If necessary, however, the Service District reserves the
right to supplement these revenues with additional revenue sources as permitted by law. The
County shall not be held liable for any of the Service District's obligations as set forth in this
Service Plan.
Prior to the District having sufficient revenue to pay its ongoing
operations and maintenance expenses, the Developer of the property within the Development
will advance funds to the District. The Service District shall have the authority to repay the
Developer for amounts advanced for operations and maintenance expenses, together with interest
thereon, pursuant to an operation funding agreement between the Service District and the
Developer.
(00054529.DOC v:2) 21
C. Financing Districts Participation.
1. Limited General Obligation Bonds
The Financing Plan projects the issuance of limited general obligation
bonds in the total aggregate principal amount of Two Hundred Twenty Million Dollars
($220,000,000) ("Baseline Debt Authorization"). It is anticipated that the Financing Districts
will make a total general obligation pledge to the District and/or issue bonds in the amount of the
Baseline Debt Authorization to assist in financing the Improvements; however the total amount
of general obligation debt issued by all of the Financing Districts shall not exceed the Maximum
Debt Authorization, defined below. The FFCOA will provide that each Financing District will
have a cap on its total obligation, and each Financing District shall only be required to fund on
an annual basis the amount the applicable Financing District would be capable of funding
through tax revenues resulting from the imposition of a mill levy cap as defined in each
Financing District's Service Plan. The maximum voted interest rate is anticipated to be eighteen
percent (18%) and the maximum discount is anticipated to be five percent (5%). The exact
interest rates and discounts will be determined at the time the bonds are sold by the Financing
Districts, and will reflect market conditions at the time of sale.
The Districts will seek authority from their electorates to incur debt for
various purposes in an aggregate amount, including all bonds issued by all Financing Districts,
not to exceed Three Hundred Thirty Million Dollars ($330,000,000) ("Maximum Debt
Authorization"), which comprises the Baseline Debt Authorization, increased up to 150% as
discussed below and as set forth in the Guidelines. The Maximum Debt Authorization exceeds
the Baseline Debt Authorization set forth in the Financial Plans to allow for the utilization of
alternative financing mechanisms, unforeseen contingencies, increases in construction costs due
{00054529.DOC v:2) 22
to inflation, changes in voter approved priorities, and to cover all issuance costs, including
capitalized interest, reserve funds, discounts, legal fees and other incidents of costs of issuance,
and such authorization will be utilized subject to the limitations set forth below.
The District shall not issue debt in excess of the Baseline Debt
Authorization unless (i) the projected interest rate on the debt to be issued by the District; (ii)the
projected assessed valuation of the property within the District; or (iii)the projected rate of
absorption of the assessed valuation within the District change or the rate of inflation is
demonstrated to be in excess of 3%, leading to increased debt capacity for the District as
determined by an investment banking firm or financial advisor; in which case the Baseline Debt
Authorization may increase up to 150% of the original projected maximum debt capacity. Any
issuance of debt in excess of the Baseline Debt Authorization shall require 45 day notice
publication and written notice to the County pursuant to Section 32-1-207(3)(b), C.R.S., along
with a report form the financial advisor described above, documenting the basis for such issue.
If, within 45 days of the publication of such notice, the County expresses to the District a written
objection to the proposed action, then the proposed action shall be considered a material
modification of this Service Plan and shall be resolved only in accordance with Section 32-1-
207(2), C.R.S. The vote by the Board of Directors to issue debt in excess of the Baseline Debt
Authorization which precedes notice to the County must occur at a public meeting of the District
for which the District has given written notification via US mail at least 14 days and not more
than 30 days in advance of such a meeting to all electors, residents, and landowners. Such
notification must include the time, date, and location of the meeting as well as a general
description of the modification to be discussed.
{00054529.DOC v:2{ 23
Prior to the first issuance of bonds, it is anticipated that the Developer will
advance funds for the construction of the Improvements which advances will accrue interest and,
as such, the principal amount of bonds issued by the Financing Districts will be increased to
cover such costs.
Bonds would mature not more than thirty (30) years from the date of
issuance, with the first maturity being not later than three years from the date of their issuance.
The maximum voted interest rate is anticipated to be eighteen percent (18%) and the maximum
underwriting discount is anticipated to be five percent(5%). The exact interest rates and
discounts will be determined at the time the bonds are sold by the Financing Districts, and will
reflect market conditions at the time of sale. The Financing Districts may also issue notes,
certificates, debentures or other evidences of indebtedness, including but not limited to contracts
that extend beyond one year.
2. Mill Levy Cap.
The Financing Districts will have the authority to impose a mill levy on all
taxable property within their boundaries as a primary source of revenue for payment of debt
service and operation and maintenance expenses, including the Regional Improvements Mill
Levy defined below, not to exceed the "Mill Levy Cap"of sixty five (65) mills, provided
however, that in the event the method of calculating assessed valuation is changed after the base
year of 2006, by any change in law, change in method of calculation, or in the event of any
legislation or constitutionally mandated tax credit, cut or abatement, the mill levy limitation
applicable to such Mill Levy Cap may be increased or decreased to reflect such changes, such
increases or decreases to be determined by the Board in good faith(such determination to be
binding and final) so that to the extent possible, the actual tax revenues generated by the mill
__ {00054529.DOC v:2} 24
levy, as adjusted, are neither diminished nor enhanced as a result of such changes ("Gallagher
Adjustment")1. In no event shall the debt service portion of the mill levy exceed 50 mills,
subject to the Gallagher Adjustment.
Although the mill levy may vary depending on each Board's decision to
fund the projects contemplated in this Service Plan, it is estimated that a mill levy of forty (40)
mills will produce revenue sufficient, together with other funds available, to support the
Financing Districts' debt service through the bond repayment period. It is anticipated that the
Financing Districts will initially impose an operations and maintenance mill levy of ten (10)
mills to cover the operating costs of the Districts and a Regional Improvements Mill Levy of ten
(10) mills. Interest income through the reinvestment of construction funds, capitalized interest
and annual tax receipts will provide additional funds. These revenue sources should be sufficient
to retire the proposed indebtedness and cover operating expenses of the Districts if growth occurs
as projected; otherwise, increases in the mill levy and/or the imposition of rates, tolls, fees and
charges may be necessary, but in no event shall the total mill levy imposed by each Financing
District exceed the Mill Levy Cap.
3. Regional Improvements Mill Levy.
The FFCOA will provide that the Service District shall be authorized to
provide for the planning, design, acquisition, construction, installation, relocation and/or
redevelopment and a contribution to the funding of certain regional water and sanitation and
stone drainage improvements and services and fund the administration and overhead costs
related to the provision of such regional improvements and services. "Regional Improvements"
are defined as such water and sanitation and storm drainage improvements and services as the
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.
(00054529.DOC v:2) 25
a9
Service District in its sole reasonable discretion believes are public in nature and are permitted
by state law to be paid for from revenues derived from the Financing Districts, including
operations and maintenance thereof.
The Financing Districts shall impose a"Regional Improvements Mill
Levy", which means the mill levy imposed for payment of the costs of the planning, design,
permitting, construction, acquisition and financing of the water and sanitation and storm drainage
improvements and services and operation and maintenance costs therefor, which shall not exceed
the amount determined pursuant to the formula set forth in subsection 2, "Mill Levy Cap."
Collections shall begin in the first year of collection of an operations and maintenance or debt
service mill levy by each Financing District. The Regional Improvements Mill Levy shall
continue in each year thereafter until the Service District determines it is no longer necessary.
_ ^ All mills described in this Regional Improvement Mill Levy definition
shall be adjusted as follows: on or after January 1, 2006, if there are changes in the method of
calculating assessed valuation or any constitutionally mandated tax credit, cut or abatement the
mill levy described above shall be increased or decreased to reflect such changes, such increases
or decreases to be determined by the Board in good faith (such determination to be binding and
final) so that to the extent possible,the actual tax revenues generated by the mill levy, as
adjusted for changes occurring after January 1, 2006, are neither diminished nor enhanced as a
result of such changes; and 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.
The revenue from the Regional Improvement Mill Levy shall be conveyed to the Service District
pursuant to the FFCOA for use in planning, designing, constructing, installing, acquiring,
relocating, redeveloping or financing of the Regional Improvements as prioritized and
(00054529.DOC v:2} 26
3D
determined by the Service District which benefit the service users and taxpayers of the Financing
Districts in accordance with such agreement and for operation and maintenance costs therefor.
The Regional Improvements shall be limited only as set forth in the FFCOA.
4. Operations.
Annual administrative, operational and maintenance expenses are
estimated as shown in the Financial Plans. The Financial Plans contemplate that the Financing
Districts will impose a mill levy of ten(10) mills for operations. The Financial Plans project that
the Financing Districts will have sufficient revenue to pay for their ongoing operations and
maintenance expenses. If necessary, however, the Financing Districts reserve the right to
supplement these revenues with additional revenue sources as permitted by law. The County
shall not be held liable for any of the Districts' obligations as set forth in this Service Plan.
Prior to the Financing Districts having sufficient revenue to pay their
ongoing operations and maintenance expenses, the Developer of the property within the
Development will advance funds to the Financing Districts. The Financing Districts shall have
the authority to repay the Developer for amounts advanced for operations and maintenance
expenses, together with interest thereon, pursuant to one or more operation funding agreements
between the Financing Districts and the Developer.
XI. ELECTION QUESTIONS
Thirty (30)days prior to an election thereon, proposed ballot questions for a formation
election, debt authorization or de-Brucing will be submitted to the County for filing and review.
Weld County shall have the right to object to any ballot questions not in compliance with the
Service Plan as a major modification of the District's Service Plan pursuant to Section 32-1-
207(3)(a), C.R.S.
(00054529.DOC v:2) 27
XII. DISSOLUTION OF DISTRICT
The District shall be dissolved after the District's debt and financial obligations are fully
defeased and the District has completed all of its operations and maintenance responsibilities.
To the extent that the District has long-term, on-going operations and maintenance obligations, it
will not be obligated to dissolve. However, in the event said obligations are someday undertaken
by another party, or are otherwise no longer the responsibility of the District, the District shall be
required to dissolve.
XIII. DEFAULT OF DISTRICT
A. In the event the District fails to pay its debt when due or defaults in the
performance of any obligation that has been agreed to between the District and the County,
which obligation has been identified by the County in writing as a material obligation, and such
default is continuing after the expiration of any cure periods, the District shall be precluded from
issuing additional debt except refunding bonds issued to avoid or to cure a payment default,
without receiving written permission from the Board of County Commissioners following a
public hearing on the matter.
B. In the event that a court of competent jurisdiction has made a final, unappealable
determination that a District has defaulted on any of its financial contracts, the District shall be
precluded from issuing additional debt except to refund or refinance a financial obligation for the
purpose of avoiding or curing a default without receiving written permission from the Board of
County Commissioners following a public hearing on the matter.
Failure of the District to adhere to any of the conditions, restrictions, or
requirements contained in its approved Service Plan, including those set forth in Sections IV,
V.A.(10), X.C, and XI, shall be a material modification of the Service Plan and shall carry
{00054529.DOC v:21 28
whatever rights, remedies, and penalties which are available to the County or the electors of the
District under the Act.
XIV. CONCLUSION
It is submitted that this Service Plan for the Pioneer Metropolitan District No. 1
establishes that:
A. There is sufficient existing and projected need for organized service in the area to
be serviced by the District;
B. The existing service in the area to be served by the District is inadequate for
present and projected needs;
C. The District is capable of providing economical and sufficient service to the area
within its proposed boundaries;
— D. The area to be included in the District does have, and will have, the financial
ability to discharge the proposed indebtedness on a reasonable basis;
E. Adequate service is not, and will not be, available to the area through the County
or other existing municipal or quasi-municipal corporations, including existing special districts,
within a reasonable time and on a comparable basis;
F. The facility and service standards of the District are compatible with the facility
and service standards of the County within which the special district is to be located and each
municipality which is an interested party under Section 32-1-2040), Colorado Revised Statutes;
G. The proposal is in substantial compliance with a master plan adopted pursuant to
Section 30-28-106, C.R.S.; and
H. The proposal is in compliance with any duly adopted County, regional, or state
long-range water quality management plan for the area; and
(00054529,DOC v:2) 29
_s 3
I. The creation of the District is in the best interests of the area proposed to be
served.
,r (00054529.DOC v:2) 30
!/
EXHIBIT A
— Legal Description of Property
(00054529.DOC v:2)
3e
DISTRICT 1 - LEGAL DESCRIPTION
LEGAL DESCRIPTION
A PARCEL OF LAND BEING PORTIONS OF SECTION 7, 8, 17, AND 18, TOWNSHIP 2
_ NORTH, RANGE 64 WEST OF THE 6TH P.M., COUNTY OF WELD, STATE OF
COLORADO, BEING MORE PARTICULARLY DESCRIBED AS FOLLOWS:
BEGINNING AT THE SOUTHWEST CORNER OF THE SOUTHEAST QUARTER OF
SECTION 18, AND CONSIDERING THE SOUTH LINE OF THE SOUTHEAST QUARTER
OF SECTION 18, TOWNSHIP 2 NORTH, RANGE 64 WEST OF THE 6TH P.M. TO BEAR
SOUTH 89°07'45" WEST, WITH ALL BEARINGS CONTAINED HEREIN RELATIVE
THERETO;
THENCE NORTH 01°02'20" WEST, ALONG THE WEST LINE OF THE SOUTHEAST
QUARTER OF SAID SECTION 18, A DISTANCE OF 2631.61 FEET TO THE SOUTHEAST
CORNER OF THE NORTHWEST QUARTER OF SAID SECTION 18;
THENCE SOUTH 88°56'51" WEST, ALONG THE SOUTH LINE OF THE NORTHWEST
QUARTER OF SAID SECTION 18, A DISTANCE OF 938.89 FEET;
THENCE NORTH 00°00'00"WEST, A DISTANCE OF 495.95 FEET;
THENCE NORTH 00°08'16"WEST, A DISTANCE OF 1741.07 FEET;
_ THENCE NORTH 01°56'01" WEST, A DISTANCE OF 624.98 FEET;
THENCE NORTH 34°56'33" EAST, A DISTANCE OF 2313.97 FEET TO A POINT OF
CURVATURE;
THENCE ALONG THE ARC OF A CURVE TO THE RIGHT HAVING A CENTRAL ANGLE
- OF 61°17'44", A RADIUS OF 2150.00 FEET, AN ARC LENGTH OF 2300.09 FEET, AND A
CHORD THAT BEARS NORTH 65°35'25" EAST;
THENCE SOUTH 83°45'43" EAST, A DISTANCE OF 1596.30 FEET;
THENCE NORTH 87°45'59" EAST, A DISTANCE OF 511.71 FEET;
THENCE SOUTH 24°56'11" EAST, A DISTANCE OF 910.35 FEET;
THENCE SOUTH 29°24'11" EAST, A DISTANCE OF 1174.34 FEET;
THENCE SOUTH 25°21'03" EAST, A DISTANCE OF 991.07 FEET TO A POINT ON THE
SOUTH LINE OF THE WEST HALF OF THE SOUTHEAST QUARTER OF SAID SECTION
8;
THENCE SOUTH 88°56'39" WEST, ALONG THE SOUTH LINE OF THE WEST HALF OF
THE SOUTHEAST QUARTER OF SAID SECTION 8, A DISTANCE OF 104.78 FEET TO
THE NORTHEAST CORNER OF THAT RECORDED EXEMPTION NO. 1305-17-2-
RE2827 OF THE WELD COUNTY RECORDS;
THENCE ALONG THE EASTERLY BOUNDARY OF SAID RECORDED EXEMPTION NO.
1305-17-2-RE2827 THE FOLLOWING THREE (3) COURSES:
1) SOUTH 43°30'34" WEST, A DISTANCE OF 760.92 FEET;
2) SOUTH 28°31'48" WEST, A DISTANCE OF 391.52 FEET;
- 3) SOUTH 12°08'48" WEST, A DISTANCE OF 451.95 FEET;
THENCE NORTH 88°57'32" EAST, A DISTANCE OF 31.74 FEET;
THENCE SOUTH 05°44'56" EAST, A DISTANCE OF 527.78 FEET;
THENCE SOUTH 27°52'19" EAST, A DISTANCE OF 537.25 FEET TO A POINT ON THE
EAST LINE OF THE NORTHWEST QUARTER OF SAID SECTION 17;
THENCE SOUTH 01°17'57" EAST, ALONG THE EAST LINE OF THE NORTHWEST
QUARTER OF SAID SECTION 17, A DISTANCE OF 317.94 FEET TO THE SOUTHEAST
Page 1 of 3
34,
DISTRICT 1 - LEGAL DESCRIPTION
- LEGAL DESCRIPTION
CORNER OF THE NORTHEAST QUARTER OF SAID SECTION 17, SAID POINT ALSO
BEING THE NORTHEAST CORNER LOT B OF THAT RECORDED EXEMPTION 1305-
-
17-3 RE-3467 OF THE WELD COUNTY RECORDS;
THENCE ALONG THE BOUNDARY OF SAID LOT B RECORDED EXEMPTION 1305-17-3
RE-3467 THE FOLLOWING THREE (3) COURSES:
1) SOUTH 01°19'55" EAST, ALONG THE EAST LINE OF THE SOUTHWEST QUARTER
- OF SECTION 17, A DISTANCE OF 2147.26 FEET TO THE NORTHEASTERLY CORNER
OF LOT A OF SAID RECORDED EXEMPTION;
2) SOUTH 89°07'59"WEST, AND ALONG SAID LOT A, A DISTANCE OF 466.69 FEET;
3) SOUTH 01°19'55" EAST, AND ALONG SAID LOT A, A DISTANCE OF 466.69 FEET
THENCE NORTH 89°07'59" EAST, A DISTANCE OF 466.69 FEET TO A POINT ON THE •
EAST LINE OF THE SOUTHWEST QUARTER OF SAID SECTION 17;
THENCE SOUTH 01°19'55" EAST, ALONG THE EAST LINE OF THE SOUTHWEST
QUARTER OF SAID SECTION 17, A DISTANCE OF 30.00 FEET TO THE SOUTHWEST
CORNER OF THE SOUTHEAST QUARTER OF SAID SECTION 17;
THENCE SOUTH 89°07'59" WEST, ALONG THE SOUTH LINE OF THE EAST HALF OF
THE SOUTHWEST QUARTER OF SAID SECTION 17, A DISTANCE OF 1325.58 FEET
- ^ TO THE WEST SIXTEENTH CORNER OF SAID SECTION 17;
THENCE SOUTH 89°07'27" WEST, ALONG THE SOUTH LINE OF THE WEST HALF OF
THE SOUTHWEST QUARTER OF SAID SECTION 17, A DISTANCE OF 1295.52 FEET
TO A POINT ON THE EASTERLY RIGHT-OF-WAY LINE OF WELD COUNTY ROAD NO.
51;
THENCE ALONG SAID EASTERLY RIGHT-OF-WAY LINE OF WELD COUNTY ROAD
NO. 51, AND PARALLEL WITH THE WEST LINE OF SECTION 17, THE FOLLOWING
TWO (2) COURSES:
1) NORTH 01°19'00"WEST, A DISTANCE OF 2640.25 FEET;
2) NORTH 01°19'32" WEST, A DISTANCE OF 1319.95 FEET TO A POINT ON THE
_ SOUTHERLY BOUNDARY OF LOT A, RECORDED EXEMPTION NO. 1305-17-2-RE2827
OF THE WELD COUNTY RECORDS;
THENCE ALONG THE BOUNDARY OF SAID LOT A, RECORDED EXEMPTION NO.
1305-17-2-RE2827 THE FOLLOWING THREE (3) COURSES:
1) NORTH 88°58'47" EAST, A DISTANCE OF 630.00 FEET;
2) NORTH 01°18'51"WEST, A DISTANCE OF 330.00 FEET;
3) SOUTH 88°58'47" WEST, A DISTANCE OF 630.00 FEET TO A POINT ON THE
EASTERLY RIGHT-OF-WAY LINE OF SAID WELD COUNTY ROAD NO. 51;
THENCE NORTH 01°18'51"WEST, ALONG SAID EASTERLY RIGHT-OF-WAY LINE AND
PARALLEL WITH THE WEST LINE OF SECTION 17, A DISTANCE OF 990.08 FEET TO
A POINT ON THE SOUTH LINE OF THE SOUTHWEST QUARTER OF SAID SECTION 8;
Page 2 of 3
J7
DISTRICT 1 - LEGAL DESCRIPTION
LEGAL DESCRIPTION
THENCE SOUTH 88°54'43" WEST, ALONG SAID SOUTH LINE, A DISTANCE OF 30.00
- FEET TO THE SOUTHWEST CORNER OF THE SOUTHWEST QUARTER OF SAID
SECTION 8;
THENCE SOUTH 88°46'35" WEST, ALONG THE SOUTH LINE OF THE SOUTHEAST
QUARTER OF SAID SECTION 7, A DISTANCE OF 30.00 FEET TO A POINT ON THE
WESTERLY RIGHT-OF-WAY LINE OF SAID WELD COUNTY ROAD NO. 51;
THENCE SOUTH 01°18'51" EAST, ALONG THE WESTERLY RIGHT-OF-WAY LINE OF
WELD COUNTY ROAD NO. 51 AND PARALLEL WITH THE EAST LINE OF THE NORTH
HALF OF THE NORTHEAST QUARTER OF SAID SECTION 18, A DISTANCE OF
1319.40 FEET TO THE NORTH SIXTEENTH CORNER OF SECTION 18;
THENCE SOUTH 01°19'32" EAST, ALONG THE WESTERLY RIGHT-OF-WAY LINE OF
WELD COUNTY ROAD NO. 51 AND PARALLEL WITH THE EAST LINE OF THE SOUTH
HALF OF THE NORTHEAST QUARTER OF SAID SECTION 18, A DISTANCE OF 720.15
FEET TO A POINT ON THE NORTHERLY BOUNDARY OF LOT A, RECORDED
EXEMPTION NO. 1305-18-1 RE-3731 OF THE WELD COUNTY RECORDS;
THENCE ALONG THE BOUNDARY OF SAID LOT A, RECORDED EXEMPTION NO.
1305-18-1 RE-3731, THE FOLLOWING THREE (3) COURSES:
1) SOUTH 88°56'49" WEST, A DISTANCE OF 362.81 FEET;
2) SOUTH 01°19'32" EAST, A DISTANCE OF 600.32 FEET;
- -- 3) NORTH 88°56'49" EAST, A DISTANCE OF 362.81 FEET TO A POINT ON THE
WESTERLY RIGHT-OF-WAY LINE OF SAID WELD COUNTY ROAD NO. 51;
THENCE SOUTH 01°19'00" EAST, ALONG SAID WESTERLY RIGHT-OF-WAY LINE OF
WELD COUNTY ROAD NO. 51 AND PARALLEL WITH THE EAST LINE OF THE
SOUTHEAST QUARTER OF SAID SECTION 18, A DISTANCE OF 2639.92 FEET TO A
POINT ON THE SOUTH LINE OF THE SOUTHEAST QUARTER OF SAID SECTION 18;
THENCE SOUTH 89°07'45" WEST, ALONG THE SOUTH LINE OF THE SOUTHEAST
QUARTER OF SAID SECTION 18, A DISTANCE OF 2605.71 FEET TO THE
SOUTHWEST CORNER OF THE SOUTHEAST QUARTER OF SAID SECTION 18, SAID
POINT ALSO THE POINT OF BEGINNING,
CONTAINING A CALCULATED AREA OF 1010.020 ACRES, MORE OR LESS.
THE ABOVE AND FOREGOING DESCRIBES A SURFACE ESTATE ONLY. EXPRESSLY
EXCLUDED FROM THIS LEGAL DESCRIPTION ARE ANY ESTATES BELOW THE
SURFACE INCLUDING OIL, GAS AND OTHER MINERALS (INCLUDING SAND AND
GRAVEL) AND ANY RELATED RIGHTS OF SURFACE USE.
I, THOMAS D. STAAB, A SURVEYOR LICcN§FD IN THE STATE OF COLORADO,
HEREBY CERTIFY THAT THIS LEGA cRIPTtN WAS PREPARED BY ME OR
UNDER MY DIRECT SUPERVISION A a 3;4A,ND ACCURATE TO THE BEST
OF MY KNOWLEDGE AND BELIEF. 14349
o/4Z-o6
THOMAS D. STAAB, PLS 25965 ; 4.I 25965 a
FOR AND ON BEHALF OF . :
CARROLL & LANGE, INC.
'`AE. I k '.aa'
Page 3 of 3
3101
EXHIBIT B-1
Boundary and Vicinity Map
{00054529DOC v:2)
BOUNDARY MAP
N DISTRICT 1 - EXHIBIT
LI LINE TABLE
LINE LENGTH BEARING LINE LENGTH BEARING
L1 104.78' 588'56'394W L11 543'3 466.69' N89'07'59'E
L2 760.92' 0'34'W L12 30.00' $0119'SS'E
_ _ _ L3 391.52' 528'31'48'W 113 1319.95' N0119'32'W
\ L4 451.95' 512'08'48'W 114 630.00' N88'58'47'E
L5 31.74' N88'57'32'E 115 330.00' N0118'51'W
L6 527.78' 805'44'56'E 116 630.00' 588'58'47'W
L7 537.25' 527'52'194E 117 990.0W N0118'51"W
- L8 317.94' 50117'57'E L18 720.15', 50119'32'E
L9 466.69' 589'07'59'W 119 362.81' 588'56'494W
110 466.69' S0119'55'E 120 600.32' 50119'32"E
SCALE: 111=1500' NE 1/4
_ SEC 7 NW 1/4
NW 1/4 SE COP NE 1/4 SEC 7 1 SEC 8
N`1/4
12K P64W.5m PM
SEC 7 fC7 FOND 3-I/"ALUM 83'1 R64w CAP Pt!131554"'43"EI SWLDP K 1/.SEL B
SW COW x 12X.R64w 6M PM
lw.P64ww B1X Pu" U7596.30' (f1 8 rW 3-1/4'ALUM CPWN2 3-I/t ALw CAPSITIONRs nz69 600x,2V Mn.9RS 23520 MWUMENI SEl 58540"b-w2m7,05 S005031'W 1321.17'
500'W]Oll 2444974 _ 444465
SOU*,LNE NE 1/4 SEC 8
SOWN ME NW 1/4 SECT ,•\ sWm In[NE 1/4 SEC> L
SW 1/4 SEC 8 IN 1/2 lfl "
AY a=61 17'44" - N87'45'59"E �_ bi
y^3 R=2150.00' 511.71' 3- rI
m l P„ L=2300.09' I'S
CHB=N65'35'25"E sN SW 1/4 1= SE 1/4
SW 1/4 ek/ r= SEC 8 SEC 8 W
AIL4 SEC 7 5 o SE 1/4 s6 529'24'11"E LP
`�° S88'54'43"W 1174.34' 'r =17
8I2 ^3� �" 588'46'35"W 5I 30.00' rl LDD!-
30.00'
SW CW SW 1/4 SEC e l 0 E I/16 COP
1/4 SEC] w.464W.6M PM o Q (.23.4. 12M.Pfi1Y,6M PV
SW COW SW 1/4 SEC 7 -?'2'447066Z4.bM vM FOUND 3-1/t' o_ rDU9 2 ALw
T2N,R64W,6111 PP rgINO 2-1/2'ALUM CAP ALUM CAP P1.5 28285 L1 CI➢RS 27269
FOUND J-1/4'ALUM CAP PIS 24657 1488'46'35'E 3609.92' 5f26'54.43,8 765023_ „E,„.,,,,.,42254Y
PLS 23520 N8B47J9'E 2409.03'
SWm UNE sw 1/4 SIC 7 SWm LINE SE 1/4 SEC> sW1X LINE SW 1/4 SEC a 8656'39'E S IK E 1/2
- LLE 511 SEC SE 1/4 1325
S ONE5,.1/2 SE 1/4 Ac B
N0l'56'01 Wf1 _y DISTRICT� 1 nom" W:J NW 1/4 SRI PM
`uNDAL - _ E,/. L6
31
624.98' y^ P/1[\CEI. �„ 3\ SEC 17 PLS 28205 Ion '2" ul
W It; 1010.020 AC.* �v%1[1,,,,__f4jI225.ff
==L16 ç25
NW1 4 11136,7320ESEC 18 ' - SEC 18 32505_ lw.RRw,6M vu C� i 1 FA0 21 2'ALUM CA LS27269
Y.P W.1/4 NW1/4 AC IB $E 1/4 NW 1/4 /Wiw.R64W.6M PMuL14 HW20/4srcn _VNE /4reu 21/2'ALw Cw laL Pan. R SE m K 1/4 <
r L5 2]269 :M 1. P6114 PM. J 1/f r IN SEC I 17 SEC 11 2 "
wI"N00'00'00"W C' w L19 'J �'nI LSPCA ` I$' IES
3 1w.P64M.6M PM o)
495 95 11 i - +€ FOUND 2-1/Y 1.
5E COW NC 1/4 sMO NW 1/44L'9S o ^ L5 5C CCx K1/4 SICn 3-
ALUM CAP _
SEC 13 Ew P6sw �� P 1TL M4Y IlN PY N ag cM NE 1/4 SEC IN 2N R64W,6m PM Is serss H
8M PM 2N R64w BM PM FOND 3 1
— FOND 3-1 NI FOUND 3-I f*UN CON J 0U1.0 2 1/20 mum GV L8 /�ALVM CAP s IM[1/:
/f LS 27125 is 21� IS 27369 NE 1/4 SEC I]
ALUM CAP RS 27M9 98836'49611 262291
1 n
• H090Y2�C[1,250, SW 1/4 SEC 17
X8902'18 E 1324.44' 141991:114r1 L 1324.6fi
SM'%51Y 2431.45' SOUTH UK NE I/4 SEC B X TINE W 1/2 / s LNE w 1/2 NW CORE 1/2
N6p0Y50"E 43252
SWM UNE NW 1/4 3C IS 1 SW 1/4 SEC 7 S 1/16 COW N'IE 1/4 4C 7 1511/R64W4 C 17
BM PM
147 2".R64W,Bm PM FgAC 2 I/r ALUM
S88'56'51"W 1488'56'49"E N CAP 2-1/2'ALUM r-:_.447 J LAP R5 27269
938.89' P R5 27259 =
362.81' M: W - I vat ty I 8.I
N 6 CO 1S1 I Mo COD .N to
.7 S.
`^ SW 1/4 N SE 1/4 N^ uO SW11/4 142 IC) SE Il/4 flyl
6 SEC 18 3 N o SEC 18 !MJ'g a SE 17 LE) SE QI 17
Ni � v or`o ' s r 3
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POINT OF N o o L9 1 `n L12 2
BEGINNING ZCO
1
Z eAsls 5 BFMM1"Cs s UNf W 1/z s L/4 9 1/z s LINE E
WCR 20 89onsl 2636]2' SW I/4 SEC 1l SE V4 SEC 17 SE 1/4 SEC II
$6pp'35'w 215152_ SDIS LLPIE SE LLisEC IL 5690Y2rW 132553' $0971'21'11 132321' Apld53w 132\65'
SWm LNE SW 1/4 SEC le • Q �{ 3LKE 1/2
SE CM SIC IJ S89'07'45"W 2605.71'�S89'07'27"W / s.1/4 SEC 17 SW COW SE 1/4 SEC 17 SW CM E 1/2
UM.R65W,6M PY SW COO SE 1/4 SEC Ie 5690759 W 432558 i2",R64W.6m PM 5E 1/4 SEC 17
FOUND NO 4 ROM i2".R64W,6TH PM #CON SEC MI 1295.52'
FWNO 2-1/2'Akira CAP 12N.P64W.6M PM
FOUND 2-1/r ALUM CAP 1214.Pfi1w bm PM L S89'07'59"W RS 28265 FOUND 2 1/Y AWN
PIS 27269 FOUND 2-1/I ALUM CAP CAP PLS 27269
PL5 27269 4'1/14 14 420.CDR sm PM 1325.58' 20
1-0 Ni- 19 FOUND 2-1/2'WA,I CO NOTE;
CO "°L5"369 Carroll Lange=
• Denotes Change of Direction Only. This Professional ED9lnee168 Lana Surveyors
exhibit does not represent a 165 South Union 802 Be 156
monumented survey. It is intended only / (3D3)980-0200
to depict the attached legal description. P.\3325\D151RIC1 MAP\DISTRICT YAP DISIRICTI, SHEET 3 Of 3. PREPARED 09/02/05, REV.
•
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EXHIBIT B-2
Service Area
{00054529.DOC v:2{
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EXHIBIT C
List of Improvements and Preliminary Engineer's Estimate of Costs;
Description of Location of Public Improvements
(00054529.DOC v:2)
yy
Contents
1. District Cost Summary
2. Pioneer Regional Metropolitan District
3. Pioneer Metropolitan District#1 - Detailed Budget
4. Pioneer Metropolitan District#2 - Detailed Budget
5. Pioneer Metropolitan District#3 - Detailed Budget
6. Pioneer Metropolitan District#4 - Detailed Budget
7. Pioneer Metropolitan District#5 - Detailed Budget
8. Pioneer Metropolitan District#6 - Detailed Budget
9. District Maps
• District Boundary
• Onsite Sanitary Sewer
• Onsite Potable Water
• Onsite Storm Sewer
• Roadways
• Conceptual Open Space/Trail Plan
10. List of Improvements and Preliminary Engineers Estimate
of Costs; District Cost Assumption Backup
DISTRICT COST SUMMARY:
With Inflation per
County Guidelines
Present -Based on a 30 yr
Value Bond Term
Pioneer Regional Metropolitan District: $29,849,400 $37,558,742
Pioneer Metropolitan District#1: $26,414,954
Pioneer Metropolitan District#2: $31,387,214
Pioneer Metropolitan District#3: $27,952,104
Pioneer Metropolitan District#4: $33,007,929
Pioneer Metropolitan District#5: $21,026,280
Pioneer Metropolitan District#6: - $5,204,722
Total Pioneer Metropolitan District#1 -6 = $144,993,203_ $182,441,258
TOTAL COSTS $174 , 842, 603 $220, 000, 000
94
PIONEER REGIONAL
METROPOLITAN DISTRICT (PRMD):
I) Major District Components
A) Potable Water Facilities
Pumping Facilities
Storage Facilities
Water Filtration and Treatment Plants
Power Plants Ventilation
Gauging Stations Inlets
Infiltration Galleries
Parking Facilities
Miscellaneous Appurtenant Facilities •
B) Water Transmission Lines
To include lines t24"in size.
(Note: There are no water lines z24"in size.)
•
C) Non-Potable Water Facilities.
Pumping Facilities
Storage Facilities
Irrigation Distribution
D) Sanitary Sewer Imnrnvements
To include all sanitary sewer mains contained within the Pioneer
District streets.
E) Street Improvements
Off-Site street improvements
II) Potable Water Facilities
UNIT TOTAL
DESCRIPTION QNTY UNIT COST COST
Blending/Treatment 1 EA $ 230,000 $ 230,000
Storage 5,000,000 Gallons $ 1 $ 5,000,000
Pumping 1 EA $ 440,000 $ 440,000
SUBTOTAL 5,670,000
Design/Survey/Testing;
Construction Management;and
Contingency 18% 1,020,600
5,690,600
Subtotal 6,690,600
1/9/2006
2:21 PM Page 4
PIONEER REGIONAL
METROPOLITAN DISTRICT (PRMD):
III) Non-Potable Water Facilities
UNIT TOTAL
DESCRIPTION (MTY UNIT COST COST
Storage 500,000 Gallons $ 1 $ 500,000
Pumping 1 EA $ 160,000 $ 160,000
Irrigation Distribution Lines 91,867 LF $ 39 $ 3,577,289
SUBTOTAL 4,237,289
Design/Survey/Testing;
Construction Management;and
Contingency 18% 762,712
5,000,000
Subtotal 5,000,000
IV) Sanitary Sewer Improvements
• UNIT TOTAL
DESCRIPTION QNTY UNIT COST COST
A) ALLOCATED TO MD#1
24"PVC ASTM F679 1,200 LF $ 98.49 $ 118,188
SUBTOTAL A $ 118,188
B) ALLOCATED TO MD#5
24"PVC ASTM F679 5,200 LF $ 98.49 $ 512,148
SUBTOTAL B $ 512,148
C) ALLOCATED TO MD#6
24"PVC ASTM F679 5,000 LF $ 98.49 $ 492,450
SUBTOTAL C $ 492,450
Subtotal 1,122,786
V)Street Improvements
A) Off-Site Street Improvements" 17,036,014
Subtotal 17,036,014
VI) Cost Summary(Present Value)
• Total Cost—Potable Water Facilities $ 6,690,600
• Total Cost—Sanitary Sewer Improvements $ 1,122,786
• Total Cost—Off-Site Street Improvements $ 17,036,014
• Total Cost—Non-Potable Water Facilities $ 5,000,000
Pioneer Regional Metropolitan District Total $ 29,849,400
Note: *Off-Site Street Improvements include those improvements whose timing,etc.will be
determined thru detailed studies during the Zoning process.
1/9/2006
2:21 PM Page 5
y�'
PIONEER METROPOLITAN DISTRICT #1
UNIT TOTAL
DESCRIPTION QNTY UNIT COST COST
II) Sanitary Sewer Improvements
•
_ 21"PVC ASTM F679 - 5,000 LF 75.52 377,600
18"PVC ASTM F679 1.700 LF 70.60 120,360
15"PVC SDR 35 7,200 LF 56.64 407,808
12"PVC SDR 35 800 LF 49.56 39,648
SUBTOTAL II $ 945,416
III) Water System Improvements
16"D.I.P. 22000 LF $ 112.10 $ 2,466,200
SUBTOTAL III $ -2,466,200
IV) Storm Drainage Improvements
DUAL 66"RCP STORM SEWER 1300 LF $ 535.72 $ 696,436
48"RCP STORM SEWER 3000 LF 122.72 368,160
DETENTIONNVATER QUALITY POND EXCAVATION 137000 CY 2.07 283,590
CUSTOM POND OUTLET STRUCTURE 2 EA 33,040.00 66,080
SUBTOTAL IV $ 1,414,266
V) Street Improvements
8 LANE STRATIGIC ROADWAY 3,000 LF $ 419.00 $ 1,257,000
4 LANE STRATIGIC ROADWAY 0 LF 331.00 -
4 LANE URBAN ARTERIAL 7,500 LF 200.00 1,500,000
2 LANE URBAN ARTERIAL 12,200 LF 213.00 2,598,600
2 LANE RURAL ARTERIAL 7,400 LF 158.00 1,169,200
2 LANE COLLECTOR 3,700 LF 258.00 954,600
TRAFFIC SIGNALS 6 EA 200,000.00 1,200,000
SUBTOTAL V $ 8,679,400
1/9/2006
2:21 PM Page 6
yy
PIONEER METROPOLITAN DISTRICT #1
UNIT TOTAL
• DESCRIPTION ONTY UNIT COST COST
VI) Community Facilities
PARKS
—
-Neighborhood Park 5(N5) 12.5 AC 141,600.00 $ 1,770,000
ENTRY FEATURES
-Entry Feature 5(E5) 1 EA 100,300.00 100,300
-Entry Feature 6(E6) 1 EA 354,000.00 354,000
—
-Entry Feature 8(E6) 1 EA 59,000.00 59,000
-Neighborhood Entry Features 2 EA 29,500.00 59,000
STREETSCAPE
-6 Lane Stag.Rd. 3,000 LF 115.64 346,920
-4 Lane Stag.Rd. 0 LF 298.54 0
-4 Lane Urban Arterial 7,500 LF 315.06 2,362,950 '
-2 Lane Urban Arterial 12,200 LF 330.40 4,030,880
— -2 Lane Rural Arterial 7,400 LF 122.72 908,128
-2 Lane Collector 3,700 LF 153.40 567,580
FENCING
-8 Lane Stag.Rd. 0 LF 0.00 0
— -4 Lane Urban Arterial 10,000 LF 25.96 259,600
-2 Lane Urban Arterial 24,400 LF 22.42 547,048
-2 Lane Rural Arterial 2,300 LF 22.42 51,566
-2 Lane Collector 7,400 LF 22.42 165908
— '...'� TRAILS
-Major Trails(10'concrete) 8,400 LF 82.60 693,840
-Secondary Trails(6'concrete) 9,200 LF 49.56 455,952
OIL 8 GAS WELL SCREENING 3 EA 59,000.00 177,000
—
SUBTOTAL VI $ 12,909,672
VII) Cost Summary (Present Value)
• Total Cost-Sanitary Sewer Improvements $ 945,416
• Total Cost—Water System Improvements $ 2,466,200
• Total Cost—Storm Drainage Improvements $ 1,414,266
_
• Total Cost—Street Improvements $ 8,679,400
• Total Cost—Community Facility Improvements $ 12,909,672
Pioneer Metropolitan District #1 Total $ 26,414,954
1/9/2006
2:21 PM Page 7
,-G
--- PIONEER METROPOLITAN DISTRICT #2
UNIT TOTAL
DESCRIPTION ONTY UNIT COST COST
II) Sanitary Sewer Improvements
_ 18"PVC ASTM F679 1,800 LF $ 70.80 $ 127,440
12"PVC SDR 35 3,900 LF 49.56 193,284
8"PVC SDR 35 800 LF 38.94 31,152
SUBTOTAL II $ 351,876
III) Water System Improvements
11000 LF $ 112.10$ 1,233,100
SUBTOTAL III $ 1,233,100
IV) Storm Drainage Improvements
DUAL 60"RCP STORM SEWER 2300 LF $ 379.96$ 873,908
60"RCP STORM SEWER 1000 LF 189.98 189,980
DETENTION/WATER QUALITY POND EXCAVATION 110000 CY 2.07 227,700
CUSTOM POND OUTLET STRUCTURE 2 EA 33,040.00 66,080
OPEN CHANNEL(100'WIDE LAND CORRIDOR) 800 LF 66,00 52,800
BRIDGES 1 EA 3,380,000.00 3,380,000
SUBTOTAL IV $ 4,790,468
V) Street Improvements
6 LANE STRATIGIC ROADWAY 0 LF $ 419.00$ -
4 LANE STRATIGIC ROADWAY 18,600 LF 331.00 6,156,600
4 LANE URBAN ARTERIAL 0 LF 200.00
2 LANE URBAN ARTERIAL 9,000 LF 213.00 1,917,000
2 LANE RURAL ARTERIAL 10,500 LF 158.00 1,659,000
2 LANE COLLECTOR 1,200 LF 258.00 309,800
2 LANE RURAL ARTERIAL 0 LF 205.00 -
TRAFFIC SIGNALS 5 EA 200,000.00 1,000,000
SUBTOTAL V $ 11,042,200
1/9/2006
2:21 PM Page 8
PIONEER METROPOLITAN DISTRICT #2
UNIT TOTAL
DESCRIPTION ONTY UNIT COST COST
VI) Community Facilities
PARKS
-Neighborhood Park (N3) 12.5 AC 141,600.00$ 1,770,000
ENTRY FEATURES
-Entry Feature(E4) 1 EA 177,000.00 150,000
-Neighborhood Entry Features 2 EA 29,500.00 59,000
STREETSCAPE
-6 Lane Stag.Rd. 0 LF 115.64 0
-4 Lane Stag.Rd. 18,800 LF 298.54 5,552,844
-4 Lane Urban Arterial — 0 LF 315.06 0
-2 Lane Urban Arterial 9,000 LF 330.40 2,973,600
-2 Lane Rural Arterial 10,500 LF 122.72 1,288,560
-2 Lane Collector 1,200 LF 153.40 . 184,080
FENCING
-6 Lane Stag,Rd. 0 LF 0.00 0
-4 Lane Urban Arterial 0 LF 25.96 0
-2 Lane Urban Arterial 16,400 LF 22.42 367,688
-2 Lane Rural Arterial 4,700 LF 22.42 105,374
-2 Lane Collector 2,400 LF 22.42 53,808
TRAILS
-Major Trails(10'concrete) 5,700 LF 82.60 470,820
-Secondary Trails(6'concrete) 14,100 LF 49.56 698,796
OIL&GAS WELL SCREENING 5 EA 59,000.00 295,000
- SUBTOTAL VI $ 13,969570
VII) Cost Summary (Present Value)
• Total Cost—Sanitary Sewer Improvements $ 351,876
_ • Total Cost—Water System Improvements $ 1,233,100
• Total Cost—Storm Drainage Improvements $ 4,790,468
• Total Cost—Street Improvements $ 11,042,200
• Total Cost—Community Facility Improvements $ 13,969,570
Pioneer Metropolitan District #2 Total $ 31,387,214
1/9/2006
2:21 PM Page 9
S.?
-- PIONEER METROPOLITAN DISTRICT #3
UNIT TOTAL
DESCRIPTION QNTY UNIT COST COST
II) Sanitary Sewer Improvements
18"PVC ASTM F679 5,100 LF $ 70.80$ 361,080
15"PVC SDR 35 4,550 LF 56.64 257,712
12'PVC SDR 35 3,200 LF 49.56 158,592
10"PVC SDR 35 700 LF 47.20 33,040
-
- SUBTOTAL II $ 810,424
III) Water System Improvements
16"D.I.P. 25000 LF $ 112.10 $ 2,802,500
-
SUBTOTAL III $ 2,802,600
IV) Storm Drainage Improvements
DUAL 66'RCP STORM SEWER 800 LF $ 535.72 $ 321.432
66"RCP STORM SEWER 700 LF 267.86 187,502
48"RCP STORM SEWER 2000 LF 122.72 245,440
DETEN11ON/WATER QUALITY POND EXCAVATION 174000 CV 2.07 360,180
CUSTOM POND OUTLET STRUCTURE 3 EA 33,040.00 99,120
OPEN CHANNEL(100'WIDE LAND CORRIDOR) 1500 LF 66.00 99,000
CULVERTS 2 EA 222,500.00 445,000
-
SUBTOTAL IV $ 1,757,674
V) Street Improvements
—
6 LANE STRATIGIC ROADWAY 0 LF $ 419.00 $ -
4 LANE STRATIGIC ROADWAY 0 LF 331.00 -
4 LANE URBAN ARTERIAL 2,100 LF 200.00 420.000
2 LANE URBAN ARTERIAL 7,500 LF 213.00 1,597,500
-.
2 LANE RURAL ARTERIAL 0 LF 158.00 -
2 LANE COLLECTOR 14,400 LF 258.00 3,715,200
TRAFFIC SIGNALS 3 EA 200,000.00 600.000
SUBTOTAL V $ 6,332,700
1/9t2006
2:21 PM Page 10
'<3
- PIONEER METROPOLITAN DISTRICT #3
UNIT TOTAL
DESCRIPTION ONTY UNIT COST COST
— VI) Community Facilities
PARKS
-Community Park 70 LS 5 6,500,000
— -Neighborhood Park (N7) 12.5 AC 141,600.00 1,770,000
ENTRY FEATURES
-Entry Feature(E4) 0 EA 0.00 0
-Neighborhood Entry Features 2 EA 29,500.00 59,000
STREETS CAPE
-6 Lane Stag,Rd. 0 LF 115.64 0
-4 Lane Stag.Rd. 0 LF 298.54 0
-4 Lane Urban Arterial 2,100 LF 315.06 661,626
—
-2 Lane Urban Arterial 7,500 LF . 330.40 2,478,000
-2 Lane Rural Arterial 0 LF 122.72 0
-2 Lane Collector 14,400 LF • 153.40 2,208,960
FENCING
-6 Lane Stag.Rd 0 LF 0.00 0
-4 Lane Urban Arterial 0 LF 25.96 0
-2 Lane Urban Arterial 20,200 LF 22.42 452,884
,— -2 Lane Rural Arterial 0 LF 22.42 0
-2 Lane Collector 26,000 LF 22.42 582,920
TRAILS
-Major Trails(10'concrete) 13,800 LF 82.60 1,139,880
— .---, -Secondary Trails(6'concrete) 5,600 LF 49.56 277,536
OIL&GAS WELL SCREENING 2 EA 59,000.00 118,000
SUBTOTAL VI S 16,248,806
- VII)Cost Summary(Present Value)
• Total Cost—Sanitary Sewer Improvements $ 810,424
• Total Cost—Water System Improvements $ 2,802,500
• Total Cost—Storm Drainage Improvements $ 1,757,674
• Total Cost—Street Improvements $ 6,332,700
• Total Cost—Community Facility Improvements $ 16,248,806
Pioneer Metropolitan District #3 Total $ 27,952,104
1/9/2006
2:21 PM Page 11
_6y
PIONEER METROPOLITAN DISTRICT #4
DESCRIPTION ONTY UNIT COST COST
-
II) Sanitary Sewer Improvements
18'PVC ASTM F679 4,600 LF $ 70.80$ 325,680
'15"PVC SDR 35 13,200 LF 56.64 747,648
12"PVC SDR 35 1,250 LF 49.56 61,950
10"PVC SDR 35 800 LF 47.20 37,760
8"PVC SDR 35 700 LF 38.94 27,258
SUBTOTAL II $ 1,200,296
-
III) Water System Improvements
16'D.I.P. 11000 LF $ 112.10$ 1,233,100
12"PVC C900 12600 LF 60.18 758,268
-
SUBTOTAL III $ 1,991,366
IV) Storm Drainage Improvements
66"RCP STORM SEWER 1000 LF $ 267.86 $ 267,860
•- 48'RCP STORM SEWER 2000 LF 122.72 245,440
36"RCP STORM SEWER 700 LF 86.14 60,298
DETEN11ONANATER QUALITY POND EXCAVATION 146500 CY 2.07 303,255
CUSTOM POND OUTLET STRUCTURE 5 EA 33,040.00 165,200
OPEN CHANNEL(100'WIDE LAND CORRIDOR) 1000 LF 66.00 66,000
BRIDGES
1 EA 3,815,000.00 3,815,000
SUBTOTAL IV $ 4,923,053
- V) Street Improvements
6 LANE STRATIGIC ROADWAY 0 LF $ 419.00 $ -
4 LANE STRATIGIC ROADWAY 10,800 LF 331.00 3,574,800
4 LANE URBAN ARTERIAL 0 LF 200.00 -
2 LANE URBAN ARTERIAL 11.600 LF 213.00 2,470,800
2 LANE RURAL ARTERIAL 3,000 LF 158.00 474,000
2 LANE COLLECTOR 8,500 LF 258.00 2,193,000
TRAFFIC SIGNALS 2 EA 200,000.00 400,000
SUBTOTAL V $ 9,112,600
•
1/9/2006
2:21 PM Page 12
PIONEER METROPOLITAN DISTRICT #4
UNIT TOTAL
DESCRIPTION QNTY UNIT COST COST
--• VI) Community Facilities
PARKS
-Neighborhood Park(N4) 12.5 AC 141,600.00$ 1,770,000
— -Neighborhood Park (N6) 12.5 AC 141,600.00$ 1,770,000
ENTRY FEATURES
-Entry Feature(E7) 1 EA 35,400.00 35,400
-Neighborhood Entry Features 2 EA 29,500.00 59,000
STREETSCAPE
4 Lane Stag.Rd. 0 LF 115.64 0
-4 Lane Stag.Rd. 10,800 LF 298.54 3,224.232
-4 Lane Urban Arterial 0 LF 315.06 0
-2 Lane Urban Arterial 11,600 LF 330.40 3,832,640
-2 Lane Rural Arterial 3,000 LF 122.72 368,160
-2 Lane Collector 8,500 LF 153.40 1,303,900
FENCING
-6 Lane Stag.Rd. 0 LF 0.00 0
-4 Lane Urban Arterial 0 LF 25.96 0
-2 Lane Urban Arterial 23,200 LF 22.42 520,144
-2 Lane Rural Arterial 8,000 LF 22.42 134,520
-2 Lane Collector 17,000 LF 22.42 381,140
TRAILS
-Major Trails(10'concrete) 16,600 LF 82.60 1,371,160
-Secondary Trails(6'concrete) 6,100 LF 49.56 302,316
OIL 8,GAS WELL SCREENING 12 EA 59,000.00 708,000
SUBTOTAL VI $ 15,780,612
VII) Cost Summary(Present Value)
• Total Cost—Sanitary Sewer Improvements $ 1,200,296
• Total Cost—Water System Improvements $ 1,991,368
• Total Cost—Storm Drainage Improvements $ 4,923,053
• Total Cost—Street Improvements $ 9,112,600
• Total Cost—Community Facility Improvements $ 15,780,612
Pioneer Metropolitan District #4 Total $ 33,007,929
1/9/2006
2:21 PM Page 13
ci
PIONEER METROPOLITAN DISTRICT #5
UNIT TOTAL
DESCRIPTION ONTY UNIT COST COST
II) Sanitary Sewer Improvements
18"PVC ASTM F679 9.600 LF 70.80 679,680
15"PVC SDR 35 5.000 LF 56.64 263.200
8'PVC SDP 35
6,000 LF 38.94 233,640
SUBTOTAL II $ 1,196,820
- III) Water System Improvements
16"D.I.P. 25400 LF E 112.10 6 2,847,340
12"PVC C900 14000 LF 60.18 842,520
SUBTOTAL III $ 3,689,860
IV) Storm Drainage Improvements
66"RCP STORM SEWER 2500 LF $ 267.86 $ 669,650
48"RCP STORM SEWER 2000 LF 122.72 245,440
DETENTIONANATER QUALITY POND EXCAVATION 127000 CY 2.07 262.890
CUSTOM POND OUTLET STRUCTURE 3 EA 33,040.00 99,120
SUBTOTAL IV S 1,277,100
_ V) Street Improvements
6 LANE STRATIGIC ROADWAY 0 LF E 419.00 S -
4 LANE STRATIGIC ROADWAY 0 LF 331.00 -
4 LANE URBAN ARTERIAL 0 LF 200.00 -
2 LANE URBAN ARTERIAL 5.200 LF 213.00 1,107,800
2 LANE RURAL ARTERIAL 16,000 LF 158.00 2,528,000
2 LANE COLLECTOR 8,200 LF 258.00 2,115,600
TRAFFIC SIGNALS 0 EA 200,000.00 -
SUBTOTAL V S 5,751,200
1/9/2006
2:21 PM Page 14
oS
- PIONEER METROPOLITAN DISTRICT #5
UNIT TOTAL
DESCRIPTION ONTY UNIT COST COST
VI) Community Facilities
PARKS
-Neighborhood Park (N1) 12.5 AC 141,600.00$ 1,770,000
ENTRY FEATURES
-Entry Feature(El) 1 EA 35,400.00 35,400
-Entry Feature(E2) 1 EA 61,000.00 61,000
-Entry Feature(E3) 1 EA 35,400.00 35,400
-Neighborhood Entry Features 2 EA 29,500.00 59,000
STREETSCAPE
-6 Lane Stag.Rd. 0 LF 115.64 0
-4 Lane Stag.Rd. 0 LF 298.54 0
4 Lane Urban Arterial
0 LF 315.06 0
-2 Lane Urban Arterial 5,200 LF 330.40 1,718,080
-2 Lane Rural Arterial 16,000 LF 122.72 1,963,520
-2 Lane Collector 8,200 LF 153.40 1,257,880
—
FENCING
-6 Lane Stag.Rd. . 0 LF 0.00 0
-4 Lane Urban Arterial 0 LF 25.96 0
— -2 Lane Urban Arterial 7,400 LF 22.42 165,908
-2 Lane Rural Arterial 10,700 LF 22.42 239,894
-2 Lane Collector 12,900 LF 22.42 289,218
TRAILS
— -Major Trails(10'concrete) 13,000 LF 82.60 1,073,800
-Secondary Trails(6'concrete) - 0 LF 49.56 0
-Neves Canal Trail(10'crusher fines) 5,000 LF 41.30 206,500
OIL&GAS WELL SCREENING 4 EA 59,000.00 236,000
SUBTOTAL VI $ 9,111,600
VII) Cost Summary (Present Value)
— • Total Cost— Sanitary Sewer Improvements $ 1,196,520
• Total Cost—Water System Improvements $ 3,689,860
• Total Cost—Storm Drainage Improvements $ 1,277,100
• Total Cost—Street Improvements $ 5,751,200
• Total Cost—Community Facility Improvements $ 9,111,600
Pioneer Metropolitan District #5 Total $ 21,026,280
1/912006
2:21 PM Page 15
.r8
-- PIONEER METROPOLITAN DISTRICT #6
UNIT TOTAL
DESCRIPTION (MTY UNIT COST COST
- II) Sanitary Sewer Improvements
- 21"PVC ASTM F679 3,700 LF 75.52 279,424
18"PVC ASTM F679 2,700 LF 70.80 191,160
15"PVC SDR 35 1,800 LF 56.64 90,624
•
SUBTOTAL II $ 561,208
III) Water System Improvements •
16"D.I.P. 6000 LF $ 112.10 $ 672,600
SUBTOTAL III $ 672,600
— IV) Storm Drainage Improvements
DUAL 66"RCP STORM SEWER 2200 LF $ 535.72 $ 1,178,584
66"RCP STORM SEWER 2300 LF 267.86 616,078
DETENTIONNVATER QUALITY POND EXCAVATION 149000 CY 2.07 308,430
CUSTOM POND OUTLET STRUCTURE 1 EA 33,040.00 33,040
SUBTOTAL IV $ 2,136,132
V) Street Improvements
6 LANE STRATIGIC ROADWAY - 0 LF $ 419.00$ 0
4 LANE STRATIGIC ROADWAY 0 LF 331.00 0
4 LANE URBAN ARTERIAL 0 LF 200.00 0
2 LANE URBAN ARTERIAL 0 LF 213.00 - 0
2 LANE RURAL ARTERIAL 0 LF 158.00 0
2 LANE COLLECTOR 0 LF 258.00 0
TRAFFIC SIGNALS 0 EA 200,000.00 0
SUBTOTAL V $ 0
1/9/2006 Page PM 16
•
PIONEER METROPOLITAN DISTRICT #6
UNIT TOTAL
DESCRIPTION ONTY UNIT COST COST
VI) Community Facilities
PARKS
-Neighborhood Park (N7) 5 AC 147,500.00$ 737,500
ENTRY FEATURES
-Entry Feature(E9) 1 EA 236,000.00 236000
-Neighborhood Entry Features 0 EA 29,500.00 0
STREETSCAPE
-6 Lane Stag.Rd. 0 LF 115.64 0
-4 Lane Stag.Rd. 0 LF 298.54 0
-4 Lane Urban Arterial 0 LF 315.06 0
-2 Lane Urban Arterial 0 LF 330.40 0
-2 Lane Rural Arterial 0 LF 122.72 0
-2 Lane Collector 0 LF 153.40 0
FENCING
-6 Lane Stag.Rd. 0 LF 0.00 0
-4 Lane Urban Arterial 0 LF 25.96 0
-2 Lane Urban Arterial 0 LF 22.42 0
-2 Lane Rural Arterial 0 LF 22.42 0
-2 Lane Collector 0 LF 22.42 0
TRAILS
-Major Trails(10'concrete) 2,600 LF 82.60 214,760
^ -Secondary Trails(6'concrete) 3,700 LF 49.56 183;372
-Box Elder Creek Trail(10'crusher fines) 5,500 LF 41.30 227,150
OIL&GAS WELL SCREENING 4 EA 59,000.00 236,000
SUBTOTAL VI $ 1,834,782
VII) Cost Summary (Present Value)
• Total Cost—Sanitary Sewer Improvements $ 561,208
• Total Cost—Water System Improvements $ 672,600
• Total Cost—Storm Drainage Improvements $ 2,136,132
• Total Cost—Street Improvements $ 0
• Total Cost—Community Facility Improvements $ 1,834,782
Pioneer Metropolitan District #6 Total $ 5,204,722
•
1/9/2006
2:21 PM Page 17
List of Improvements and Preliminary Engineers
Estimate of Costs; District Cost Assumption Backup
for
Pioneer Regional Metropolitan District
Pioneer Metropolitan Districts 1 thru 6
b %
District Cost Assumptions
Notes:
1. All costs are in 2005 dollars.
2. Sanitary sewer constructed by Resource Colorado District and by Pioneer Regional Metropolitan
— District have been allocated to the 6 metropolitan districts by geographic area.
3. Unit Prices:
• Sanitary Sewer, Water&Storm Sewer based on pricing from Tierdael Construction
_ Company,8-18-05.
• Grading costs based on pricing provided by Bemas Construction, Inc.,8-19-05.
• Paving costs based on pricing provided by Premier Paving, Inc., 8-19-05.
• Landscaping costs based on pricing provided by Gage Davis&Associates, 8-24-05.
• Waste Water Treatment Plant and Potable Water Treatment/Storage costs based on pricing
provided by Brad Simons, PE, Gateway American Resources,8-25-05.
• Bridge and Culvert costs provided by Daryl Lindeman, P.E. Carroll&Lange, Inc.,8-25-05.
• 1-76 Interchange&Traffic Signal costs based on pricing provided by Benjamin Waldman, PE,
LSC Consultants, Inc., 8-18-05. -
Sanitary Sewer Improvement Assumptions:
1. Unit costs for sanitary sewer mains anticipate an average depth of 11'.
2. Unit costs for sanitary sewer include one(1)manhole every 300 LF.
3. Sanitary mains between 8"-24"shall use 4'-DIA manholes.
4. Sanitary mains greater than or equal to 27"shall use 5'-DIA manholes.
Water System Improvement Assumptions:
1. Unit costs for water mains include one(1)standard fire hydrant assembly,including a tee,valve,
fire hydrant, and approximately 15 LF of 6"DIP, every 1000 LF.
—
2. Unit costs for water mains include one (1)fitting,tee or cross,every 600 LF.
3. Unit costs for water mains include one butterfly valve every 600 LF.
4. Curvilinear waterline alignments shall be constructed with joint deflections. Fittings for curvilinear
alignments are not included in this cost estimate.
Storm Drainage Improvement Assumptions:
1. Unit costs for storm sewer mains include one(1)manhole every 300 LF.
2. Storm mains between 18"- 30"shall use 4'-DIA manholes.
3. Storm mains between 33"- 42"shall use 5'-DIA manholes.
4. r Storm mains between 48"- 54"shall use 6'-DIA manholes.
5. Storm mains greater than 54"shall use box base manholes.
6. A 10'Type'R'inlet,with 20'of 18"CL III RCP lateral, is assumed to occur every 300'along storm
mains.
7. Custom pond outlets consist of two type'D'inlets with three orifice plates and 150'of 48"CL Ill
RCP outlet pipe with a flared end section and very heavy rip-rap protection.
8. Drainage channels are assumed to need a 100'wide corridor,be graded six feet deep with 4:1 side
slopes,with a six-foot bottom width containing a four-foot wide concrete trickle channel with 6-inch
high curbing on each side. The entire corridor will be native grass-lined and will have an eight-foot
wide gravel maintenance access road along the top of one side.
Street Improveme t Assumptions:
1. All street constructed with full depth asphalt with the following thicknesses:
6 Lane Strategic Roadway: 12"
4 Lane Strategic Roadway: 12"
4 Lane Urban Arterial: 12"
2 Lane Urban Arterial: 10"
2 Lane Rural Arterial: 10"
2 Lane Collector: 10"
UNIT PRICES
UNIT UNIT
SANITARY COST
33' SPIRAL WOUND PVC ASTM F794 $123.90 LF
30"SPIRAL WOUND PVC ASTM F794 $113.28 LF
27"PVC ASTM F679 - $88.50 LF
24"PVC ASTM F679 $79.06 LF
21"PVC ASTM F679 $75.52 LF
18"PVC ASTM F679 $70.80 LF
15"PVC SDR 35 $56.64 LF
12"PVC SDR 35 $49.56 LF
10"PVC SDR 35 $47.20 LF
8"PVC SDR 35 $38.94 LF
WATER •
16"D.I.P. $112.10 LF
12"PVC C900 $60.18 LF
STORM
DUAL 66"RCP STORM SEWER $535.72 LF
DUAL 60"RCP STORM SEWER $379.96 LF
72'RCP STORM SEWER $313.88 LF
66'RCP STORM SEWER $267.86 LF
60'RCP STORM SEWER $189.98 LF
54"RCP STORM SEWER $154.58 LF
48"RCP STORM SEWER $122.72 LF
42"RCP STORM SEWER $105.02 LF
36"RCP STORM SEWER $86.14 LF
30'RCP STORM SEWER $76.70 LF
24'RCP STORM SEWER $70.80 LF
18"RCP STORM SEWER . $66.08 EA
DETENTION/VVATER QUALITY POND EXCAVATION $2.07 CY
CUSTOM POND OUTLET STRUCTURE $33,040.00 EA
OPEN CHANNEL(100'WIDE LAND CORRIDOR) $66.00 LF
STREET
6 LANE STRATIGIC ROADWAY $419.00 LF
4 LANE STRATIGIC ROADWAY $331.00 LF
4 LANE URBAN ARTERIAL $200.00 LF
2 LANE URBAN ARTERIAL $213.00 LF
2 LANE RURAL ARTERIAL $158.00 LF
2 LANE COLLECTOR $258.00 LF
Note: All Unit Costs include the following: 18%for Design,Staking&Testing;
Construction Management; and
Contingency
it)-5
Tierdael Construction Company
(/-� General Contractors
-
"/`�,C': 1775 EAST 69TH AVENUE
�rs" DENVER,COLORADO 80229 -
BUS: (303)287-7700 FAX: (303)287-1790
BUDGET ESTIMATE UNIT PRICES •
- GATEWAY AMERICAN PROPERTIES
9145 E.KENYON AVE.,SUITE 200
DENVER,COLORADO 80237
(303)843-9742 FAX(303)43-0143
_ ATTENTION:PAULL NATION,jr
PROJECT: PIONEER FARMS SUBDIVISION-BUDGET ESTIMATE
OWNER:GATEWAY AMERICAN
'— Addenda
NO. DESCRIPTION UN QUANT AVG.UNIT
A SANITARY SEWER
I 33"SANITARY SEWER PIPE LF I S 105.00
2 30"SANITARY SEWER PIPE LF I $ 96.00
3 27"SANITARY SEWER PIPE LF I S 75.00
4 24"SANITARY SEWER PIPE LF I S 67.00
5 2I"SANITARY SEWER PIPE LF I S 64.00
6 18"SANITARY SEWER PIPE LF I 5 60.00
7 15"SANITARY SEWER PIPE IS 1 S 48.00 .
8 12"SANITARY SEWER PIPE LF I 5 42.00.
- 9 10"SANITARY SEWER PIPE LF I $ 40.00
II) 8"SANITARY SEWER PIPE LF I $ 33.00
B WATER SYSTEM
- ' I 16"DIP WATER PIPE LF I S 95.00
2 12"C-900 PVC WATER PIPE LF 1 5 51.00
3 8"C-900 PVC WATER PIPE LP 1 $ 38.00
C STORM SEWER
I 72"CL III RCP LF I S 266.00
2 66"CL 111 RCP LF 1 S 227.00
3 60"CL III RCP LF I $ 161.00
4 54"CL III RCP LF I S 131.00
5 48"CL III RCP LF I S 104.00
6 42"CL III RCP LF 1 5 89.00
7 36"CL III RCP LF I 5 73.00
8 30"CL III RCP LF 1 S 65.00
9 24"CL RI RCP LF I S 60.00
10 18"CL III RCP LF I S 56.00
I I CUSTOM POND OUTLET STRUCTURE LS I S 28,00000
1 of1
•
7Y /
MEMO
TO: Tom DiRito
FROM: Brad SimonsIX
CC: Paull Nation
DATE: August 25,2005
RE: Wastewater/Water Facilities—District Cost Estimates -
Following is a summary of the estimated capital costs for Resource Colorado's wastewater and
water facilities, as well as Pioneer's control district's water facilities.
RESOURCE COLORADO'S WASTEWATER FACILT1lES
As presented to you on Friday, August 19,preliminary planning for Resource Colorado's
wastewater treatment facilities anticipates the improvements being constructed in four phases.
These phases, their respective capacities and resulting total capacity are tabulated below.
— Phase Phase Capacity Total Plant Capacity
1 300,000 gpd 300,000 gpd
2 700,000 gpd 1,000,000 gpd
3 1,000,000 gpd 2,000,000 gpd
4 2,000,000 gpd 4,000,000 gpd
These phased improvements generate capacity for a quantity of ERUs dependent upon the
average daily flow per ERU. For planning purposes,a value of 320 gallons per day per ERU is
commonly used,but the actual flow can be considerably less than this value. Recent use of low
flow devices in new construction has resulted in a value of 240 gallons per day per ERU or less.
ERU capacities for each of these phases are tabulated below for 320 and 240 gpd per ERU.
Phase Phase Capacity At 320 gpd per ERU At 240 gpd per ERU
1 300,000 gpd 938 1250
2 700,000 gpd 2188 2917
3 1,000,000 gpd 3125 4167
4 2,000,000 gpd 6250 8333
L>s"
Memo to Tom DiRito
August 25,2005
Page Two
In accordance with State of Colorado requirements, once influent flows approach 80 percent of
total plant capacity,planning for the subsequent phase will begin. In accordance with the same
State requirements, construction of each subsequent phase will begin once influent flows
approach 95 percent of total plant capacity. The general trigger points for the planning and
construction of the incremental phases are tabulated below, but these trigger points could be
reduced as a result of actual development projections in the future.
Phase Planning Trigger Construction Trigger
1 N/A N/A
2 240,000 gpd 285,000 gpd
3 800,000 gpd 950,000 gpd
4 1,600,000 gpd 1,900,000 gpd
For costing purposes, information associated with four recently constructed wastewater treatment
facilities was assembled. These facilities are all"new"in terms of unit processes. The facilities,
treatment technologies, capacities and costs are tabulated below.
Facility Technology Capacity Cost
Lochbuie CAS 1.0 MGD $5.6M
Milliken Aeromod 0.7 MGD $5.2M
Berthoud CAS 2.0 MGD $7.8M
Wellington Oxidation Ditch 0.45 MGD $5.1M
The raw costs for Lochbuie's new facility equate to$5.60 per gallon of capacity. The
improvements do not include a permanent headworks structure, and only limited disinfection
facilities were constructed, but many unit processes were constructed to a capacity of 1.5 MGD.
The raw costs for Milliken's new facility equate to$7.43 per gallon of capacity. The
improvements utilized the existing headworks structure to reduce construction costs,but the
project incorporated a higher architectural component
The raw costs for Berthoud's new facility equate to$3.90 per gallon of capacity. The
improvements utilized the existing solids processing facilities to reduce construction costs.
The raw costs for Wellington's new facility equate to$11.33 per gallon of capacity,but the
majority of the facility has an actual capacity of 0.7 MGD. Accordingly,the raw costs can be
approximated to be$7.28 per gallon of capacity.
4',
Memo to Tom DiRito
August 25,2005
Page Three
Based upon the raw costs summarized above,an estimated cost of$8.00 per gallon of capacity is
used for Phase 1 of Resource Colorado's new wastewater treatment facility. Implementing a 10
percent contingency on the estimated cost of$8.00 per gallon, the Phase I capacity of 300,000
gallons per day is estimated to cost$2,640,000. surveying, engineering and construction
management costs are in addition to this construction cost estimate.
Cost estimates, including the 10 percent contingency but excluding surveying, engineering and
construction management costs, for the subsequent phases of Resource Colorado's wastewater
treatment facility are tabulated below.
Phase Phase Capacity Cost per Gallon Phase Cost
2 700,000 gpd $7.50 $5,250,000
3 1,000,000 gpd $6.50 $6,500,000
. 4 2,000,000 gpd $5.00 $10,000,000
Resource Colorado's cost estimates, as presented above, do not include any costs associated with
— collection lines,metering facilities,lift stations or interceptor sewers.
RESOURCE COLORADO'S WATER FACILITIES
Appendix F to Pioneer's Comprehensive Plan Amendment application, dated July 29, 2005,
identifies a total water resource planning number of 4,150 acre-feet of water annually for 10,000
ERUs. The infrastructure necessary to deliver this quantity of water on an annual basis to
Pioneer's boundaries includes wells,gathering pipelines, treatment facilities(consisting of
simple chlorination), storage tanks,booster pumping facilities and transmission pipelines. The
initial improvements anticipate facilities capable of delivering approximately half of the annual
supply(2,250 acre-feet)necessary for indoor and outdoor uses. Approximately 1,435 acre-feet
of this initial amount will be used for indoor purposes, while the remaining 815 acre-feet will be
used for outdoor purposes. An estimated 18 water wells within the Lost Creek Designated
Groundwater Basin will need to be reconstructed and equipped to meet the initial supply amount
and provide some water production redundancy. An estimated 10 miles of gathering pipeline
will need to be constructed from the wells to the treatment facilities(20' by 20' buildings and
equipment)and storage tanks. The booster pumping facilities(30' by 30'buildings and
equipment)will be constructed and equipped in phases to meet delivery demands. A maximum
pumping capacity of five times annual average demand is anticipated, so the initial
improvements anticipate a peak capacity of approximately 7,000 gpm achieved in phases. The
initial transmission pipeline is anticipated to be 30 inches in diameter and run an estimated 10
miles to the treatment,storage and distribution facilities of the Pioneer Water and Sanitation
District(i.e. control district). The costs estimates associated with Resource Colorado's initial
improvements are tabulated below.
Memo to Tom DiRito
August 25,2005
Page Four
Item Quantity Unit Unit Price Cost Estimate
Well 18 Each $115,000 $2,070,000
6"Gathering 26,400 Feet $27.00 $712,800
8"Gathering 15,840 Feet $36.00 $570,240
12"Gathering 10,560 Feet $54.00 $570,240
Treatment 2 Each $100,000 $200,000
Storage 2,000,000 Gallons $1.00 $2,000,000
Pumping Station 2 Each $360,000 $720,000
30"Transmission 52,800 Feet $135.00 $7,128,000 .
Subtotal $13,971,280
Contingency(10%) $1,397,128
Total $15,368,408
— Over time,the return flows from indoor and outdoor water uses are anticipated to be the
augmentation supply for a dual water system whereby the non-potable irrigation water will be
pumped from shallow alluvial wells in the Box Elder Creek Drainage Basin. For 10,000 ERUs,
— - the outdoor water requirements equate to 1,500 acre-feet annually. Return flows in the form of
wastewater effluent from indoor water uses are anticipated to be approximately 2,250 acre-feet
annually—more than adequate to augment the anticipated outdoor water uses. Accordingly, as
Pioneer Communities develops,Resource Colorado's initial water system improvements will
only require minimal improvements to accommodate the secondary phase of improvements. The
second phase of infrastructure will need to increase the total annual delivery amount to 2,650
acre-feet for indoor water uses and will include additional wells, gathering pipelines,treatment
facilities(consisting of simple chlorination), storage tanks,booster pumping facilities and
transmission pipelines. With the outdoor water demands being met through the non-potable
irrigation component of the dual water system,Resource Colorado's additional improvements
` will only be expected to meet the additional indoor water demands and provide a degree of
redundancy for the total of 10,000 ERUs. The costs estimates associated with Resource
Colorado's secondary improvements are tabulated below.
— Memo to Tom DiRito
August 25, 2005
Page Five
Item Quantity Unit Unit Price Cost Estimate
Well 4 Each $115,000 $460,000
6"Gathering 10,560 Feet $27.00 $285,120
8"Gathering 5,280 Feet $36.00 $190,080
12"Gathering 5,280 Feet $54.00 $285,120
Treatment 1 Each $100,000 $100,000
Storage 2,000,000 Gallons $1.00 $2,000,000
—
Pumping Station 1 Each $340,000 $340,000
24"Transmission 31,680 Feet $110.00 S3,484,800
Subtotal $7,145,120
Contingency(10%) $714,512
Total $7,859,632
— Future wholesale customers of Resource Colorado's water facilities could benefit from the initial
and secondary improvements constructed to serve Pioneer Communities, but additional
improvements constructed to serve these same future wholesale customers could also benefit
— Pioneer Communities by providing overall system redundancy, as well as possibly alternate
points of delivery.
PIONEER COMMUNITIES' WATER FACILITIES
Once delivered to Pioneer's boundaries through Resource Colorado's water facilities, additional
water facilities are needed for the Pioneer Water and Sanitation District (i.e. control district).
These facilities will include blending facilities(with on-site water sources), treatment facilities
(consisting of simple chlorination),storage tanks,booster pumping facilities and distribution
pipelines. The costs estimates associated with the control district's infrastructure, excluding on-
site water sources(i.e.Denver Basin wells) for 10,000 ERUs are tabulated below.
Item Quantity Unit Unit Price Cost Estimate
Blending/Treatment I Each $230,000 $230,000
Storage 5,000,000 Gallons $1.00 $5,000,000
—
Pumping Station 1 Each $440,000 $440,000
Subtotal $5,670,000
Contingency(10%) $567,000
— Total $6,237,000
'p9
— Carroll & Lange= 0
Professional Engineers a Land Surveyors
Lakewood • Winter Park August 25, 2005
JN: 3325
Project: Pioneer
Subject: Major Drainage Crossings Concept Stage Budget Estimate
A. Keansburg Tributary Roadway Crossings (double 12' x 6' CDOT Box Culverts)
1. North Crossing under 4 Lane Arterial
_ (120' +/-back of walk to back of walk) assume 4'cover and 4:1 at each
end to headwalls: 4 x 4 x (2) = 32
120+ 32 = 152'; assume length = 160'
Structure cost: 160' x 2.3 CY/LF x $300/CY = $ 110,000
Channel transition grading &erosion protection
plus revegetation, wingwalls, and safety railing $ 50,000
Subtotal $ 160,000
Concept-Stage Estimated Total $ 235,000
(including construction contingency (20%), design,
staking, and testing (20%), and construction management(7%)).
2. South Crossing under 2 Lane Collector
(100 ' +/- back of walk to back of walk) assume 4' cover and 4:1 at each
end to headwalls =4 x 4 x (2) = 32
100 + 32 = 132', assume length = 135'
Structure cost 135' x 2.3 CY/LF x $300/CY = $ 93,000
Channel transition grading and erosion protection
Plus revegetation, wingwalls, and safety railing $ 50,000
Subtotal $ 143,000
•
Concept-Stage Estimated Total: $ 210,000
(including construction contingency (20%), design,
staking, and testing (20%), and construction management(7%)).
P.O.Box 3345
63 Cooper Creek Way, Suite 328
165 South Union Blvd., Suite 156 Winter Park,CO 80482-3345
Lakewood,CO 80228 (970)726-8100 Fax 726-9100
(309)980-0200 Fax 980-0917 Denver-Winter Park Du. 980-9600
�/O
B. Box Elder Creek Roadway Crossings (side by side bridges)
1. Box Elder Creek under WCR22 (4 Lane Strategic Arterial)
Due to median condition and no nearby intersections, assume twin
bridges with 2 lanes plus 6' walk/pedestrian refuge for each direction.
Total edge-to-edge bridge width (each structure) assumed to be 36' +/-.
Span length is assumed to(be 300' (90° stream crossing)
— Total structure deck area (both bridges):
300' x 36' x 2 structures = 21,600 SF
Structures only cost: 21,600 SF x$90/SF = $1,944,000
Channel transition grading, spur dikes,erosion projection,
revegetation, guardrails, and 5' average fill for the roadway
_ for%miles west of the bridge. $ 354,000
Subtotal $2,298,000
Concept-Stage Estimated Total: $3,380,000
(including construction contingency (20%), design,
staking, and testing (20%), and construction management (7%)).
2. Box Elder Creek Under WCR 49 (4 Lane Strategic Arterial)
Due to median condition and no nearby intersections, assume twin
Bridges with 2 lanes plus 6' walk/pedestrian refuge for each direction.
Total edge-to-edge bridge width (each structure) assumed to be 36 +/-.
Span length is assumed to be 346' (60° stream crossing)
Total structure deck area (both bridges):
346' x 36',x 2 structures =24,900 SF
Structures only cost = 24,900 SF x $90/SF = $2,241,000
Channel transition grading, spur dikes, erosion projection,
revegetation, guardrails, and 5' average fill for the roadway
for'4 miles north of the bridge. $ 354,000
Subtotal $2,595,000
_ Concept-Stage Estimated Total: $3,815,000
(including construction contingency (20%), design,
staking, and testing (20%), and construction management (7%)).
•
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EXHIBIT D
Financial Plans for
Pioneer Regional Metropolitan District
and Pioneer Metropolitan District Nos. I through 6
(00054529.DOC v:2)
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Statement of Significant Assumptions
Pioneer Regional Metropolitan District
Prepared by Kirkpatrick Pettis
1. Regional District: This Regional District will issue revenue bonds to fund the regional
services of the Pioneer Districts #1-6 supported by the mill levy and fees collected from
the residents and homebuilders within those Districts.
2. Development Projections: The single-family residential development schedule includes
9,500 single-family units and 500 multi-family units within Districts #1-6. These two
categories have assumed market values of $225,000/unit, and $130,000/unit. These
market values are inflated at 3%/year through buildout to reflect the Weld County policy
maximum. The single-family residential absorption begins with the first completed home
in 2008 and continues through 2026. The multi-family units will be completed in 2027.
3. Assessed Valuation: Districts #1-6 assessed value is shown in the year of tax collection,
which lags 2 years from the year of construction. The assessed value for commercial
property is 29% of the market value and the assessed value for residential property is
7.96% of the market value, which is the residential assessment ratio effective next year as
determined in accordance with the Gallagher Amendment. At buildout, collected in
2028, the District's expected assessed value will be $296.4 million. This plan also
assumes biennial reassessment of 6% after buildout to reflect the Weld County policy
maximum.
— — 4. District Revenues: The Regional District expects to receive a transfer of mill levies
from Districts #1-6 of 8 mills for debt service and 2 mills for operations in accordance
with an Intergovernmental Agreement. The Regional District will collect sewer tap fees
of $500/SFD unit and $333/MFD unit. The Regional District also expects to collect
water tap fees of $1,000/SFD unit and $667/MFD unit. The transfer of specific
ownership tax revenue has been estimated at 10%of the property taxes collected.
5. District Operations: Regional The Regional District's operations and maintenance costs
are set at 2 mills equivalent per year and grow to $546,281 per year by 2026.
6. Debt Structure: This plan demonstrates the Regional District's ability to support $38
million in Revenue Bonds supported by an 8 mill Intergovernmental Agreement with five
bond issues, raising a total of $36.5 million in proceeds net of issuance costs and
capitalized interest. These bond issues will be non-rated with an estimated annual
interest rate of 7.0%based on historical averages for similar bond issues.
7. Underwriter's Certification: This is to certify that the firm of Kirkpatrick Pettis, a
division of D A Davidson, Fixed Income Capital Markets, is listed in the most recent
"Bond Buyer's Municipal Marketplace"as a Dealer/Underwriter, in Denver,Colorado.
TRB 1/12/06
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SOURCES AND USES OF FUNDS
PIONEER METROPOLITAN DISTRICTS#1-6
SERIES 2008 G.O. BONDS
Non-Rated,30-Year Maturity
Service Plan Version
Dated Date 12/01/2008
Delivery Date 12/01/2008
Sources:
Bond Proceeds:
Par Amount 37,500,000.00
37,500,000.00
Uses:
Project Fund Deposits:
Construction Fund 36,375,000.00
Delivery Date Expenses:
-- Global COI 1,125,000.00
37,500,000,00
Jan 3,2006 3:41 pm Prepared by Kirkpatrick Pettis Quantitative Group-EL (Pioneer MD 05:CSEP3005-M08SP40C) Page 1
BOND DEBT SERVICE
PIONEER METROPOLITAN DISTRICTS#1-6
SERIES 2008 G.O.BONDS
Non-Rated,30-Year Maturity
Service Plan Version
Annual
Period
Debt
Ending Principal Coupon Interest Debt Service Service
12/01/2008
06/01/2009 1,406,25000 1,406,250.00
12/01/2009 735,000 7.500% 1,406,250.00 2,141,250.00 3,547,500
06/01/2010 1,378,687.50 1,378,687.50
12/01/2010 1,085,000 7.500% 1,378,687.50 2,463,687.50 3,842,375
0601/2011 1,338,000.00 1,338,000.00
12/01/2011 1,600.000 7.500% 1,338,000.00 2,938,000.00 4.276,000
06/01/2012 1,278,000.00 1,278,000.00
12/01/2012 2,175,000 7.500% 1,278,000.00 3,453,000.00 4,731.000
06/01/2013 1,196,437.50 1,196,437.50
12/01/2013 1,196,437.50 1,196,437.50 2,392,875
—
06/01/2014 1,196,437.50 1,196,437.50
12/01/2014 1,196,437.50 1,196,437.50 2,392.875
06/01/2015 1,196,437.50 1,196,437.50
12/01/2015 1,196,437.50 1,196,437.50 2,392,875
06/01/2016 1,196,437.50 1,196,437.50
12/01/2016 1,196,437.50 1,198,437.50 2,392,875
—
06/01/2017 1,196,437.50 1,196,437.50
12/01/2017 1,196,437.50 1,196,437.50 2.392,875
06/01/2018 1,196,437.50 1,196,437.50
12/01/2018 75,000 7.500% 1,196,437.50 1,271,437.50 2,467.875
06/01/2019 1,193,625.00 1,193,625.00
12/01/2019 80,000 7.500% 1,193,625.00 1,273,625.00 2.467,250
06/01/2020 1,190,625.00 1,190,625 00
12/01/2020 230,000 7.500% 1,190,625.00 1,420,625.00 2,611,250
06/01/2021 1,182,000.00 1,182,000.00
12/01/2021 250,000 7.500% 1,182,000.00 1,432,000.00 2,614,000
— 06/01/2022 1,172,625.00 1,172,625.00
"� 12/01/2022 425,000 7.500% 1,172,625.00 1,597,625.00 2,770,250
06/01/2023 1,156,687.50 1,156,687.50
12/01/2023 455,000 7.500% 1,156,687.50 1,611,687.50 2,768,375
06/01/2024 1,139,625.00 1,139,625.00
12/01/2024 655,000 7.500% 1,139,625.00 1,794,625.00 2,934,250
—
06/01/2025 1,115,062.50 1,115,062.50
12/01/2025 705,000 7.500% 1,115,062.50 1,820,062.50 2,935.125
06/01/2026 1,088,625.00 1,088,625.00
12/01/2026 935,000 7.500% 1,088,625.00 2,023,625.00 3.112,250
06/01/2027 1,053,562.50 1,053,562.50
..— 12/01/2027 1,005,000 7.500% 1,053,562.50 2,058,562.50 3,112,125
06/01/2028 1,015,875.00 1,015,875.00
12/01/2028 1.265.000 7.500% 1,015,875.00 2,280,875.00 3.296,750
06/01/2029 968,437.50 968,437.50
12/01/2029 1,360,000 7.500% 968,437.50 2,328,437.50 3,296,875
06/01/2030 917,437.50 917,437.50
12/01/2030 1,660,000 7.500% 917,437.50 2,577,437.50 3,494,875
06/01/2031 855,187.50 855,187.50
12/01/2031 1,785.000 7.500% 855,187.50 2,640,187.50 3,495,375
06/01/2032 788,250.00 788,250.00
12/01/2032 2,130.000 7.500% 788,250.00 2,918,250.00 3,706,500
—
06/01/2033 708.375.00 708,375.00
12/01/2033 2,290,000 7.500% 708,375.00 2,998,375.00 3,706,750
06/01/2034 622,500.00 622,500.00
12/01/2034 2,685,000 7.500% 622,500.00 3,307,500.00 3,930,000
06/01/2035 521,812.50 521.812.50
-- 12/01/2035 2,885,000 7.500% 521,812.50 3,406,812.50 3,928,625
06/01/2036 413,625.00 413,625.00
12/01/2036 3,335,000 7.500% 413,625.00 3,748,625.00 4,162,250
06/01/2037 288,562.50 288,562.50
12/01/2037 3,590,000 7.500% 288,562.50 3,878,562.50 4.167,125
06/01/2038 153,937.50 153,937.50
12/01/2038 4,105,000 7.500% 153,937.50 4,258,937.50 4,412,875
37,500,000 60,252,000.00 97,752,000.00 97.752,000
Jan 3,2006 3:41 pm Prepared by Kirkpatrick Pettis Quantitative Group-EL (Pioneer MD 05:CSEP3005-M08SP40C) Page 2
qC/
SOURCES AND USES OF FUNDS
PIONEER METROPOLITAN DISTRICTS#1-6
SERIES 2012 G.O.BONDS
Non-Rated,30-Year Maturity
Service Plan Version
Dated Date 12/01/2012
Delivery Date 12/01/2012
Sources:
Bond Proceeds:
Par Amount 35,100,000.00
35,100,000.00
Uses:
Project Fund Deposits:
Construction Fund 34,047,000.00
Delivery Date Expenses:
Global COI 1,053,000.00
35,100,000.00
Jan 3,2006 3:43 pm Prepared by Kirkpatrick Penis Quantitative Group-EL (Pioneer MD 05:CSEP3005-M12SP40C) Page 1
90
BOND DEBT SERVICE
- PIONEER METROPOLITAN DISTRICTS#1-6
SERIES 2012 G.O. BONDS
Non-Rated,30-Year Maturity
Service Plan Version
—
Annual
Period Debt
Ending Principal Coupon Interest Debt Service Service
12/01/2012
06/01/2013 1,316,250.00 1,316,250.00
12/01/2013 200,000 7.500% 1,316,250.00 1,516,250.00 2,832,500
06/01/2014 1,308,750.00 1,308,750.00
12/01/2014 300,000 7.500% 1,308,750.00 1,608,750.00 2,917,500
06/01/2015 1,297,500.00 1,297,500.00
12/01/2015 1,297,500.00 1,297,500.00 2,595,000
06/01/2016 1,297,500.00 1,297,500.00
12/01/2016 1,297,500.00 1,297,500.00 2,595,000
06/01/2017 1,297,500.00 1,297,500.00
12/01/2017 1,297,500.00 1,297,500.00 2,595,000
06/01/2018 1,297,500.00 1,297,500.00
12/012018 1,297,500.00 1,297,500.00 2,595,000
06/01/2019 1,297,500.00 1,297,500.00
12/01/2019 1,297,500.00 1,297,500.00 2,595,000
06/01/2020 1,297,500.00 1,297,500.00
12/01/2020 1,297,500.00 1,297,500.00 2,595,000
-
06/01/2021 1,297,500.00 1,297,500.00
12/01/2021 1,297,500.00 1,297,500.00 2,595,000
06/01/2022 1,297,500.00 1,297,500.00
12/01/2022 1,297,500.00 1,297,500.00 2,595,000
06/01/2023 1,297,500.00 1,297,500.00
-. 12/01/2023 1,297,500.00 1,297,500.00 2,595,000
06/01/2024 1,297,500.00 1,297,500.00
12/01/2024 1,297,500.00 1,297,500.00 2,595,000
06/01/2025 1,297,500.00 1,297,500.00
12/01/2025 1,297,500.00 1,297,500.00 2,595,000
- 06/01/2026 1,297,500.00 1,297,500.00
........
12101/2026 1,297,500.00 1,297,500.00 2,595,000
06/01/2027 1,297,500.00 1,297,500.00
12/01/2027 1,297,500.00 1,297,500.00 2,595,000
06/01/2028 1,297,500.00 1,297,500.00
12/01/2028 65,000 7.500% 1,297,500.00 1,362,500.00 2,660,000
06/01/2029 1,295,062.50 1,295,062.50
12/012029 70,000 7.500% 1,295,062.50 1.36 062.50 2,660,125
06/01/2030 1,292,437.50 1,292,437.50
12/01/2030 235,000 7.500% 1,292,437.50 1,527,437.50 2,819,875
06/01/2031 1,283,625.00 1,283,625.00
12/01/2031 255,000 7.500% 1,283,625.00 1,538,625.00 2,822,250
06/01/2032 1,274,062.50 1,274,062.50
12/01/2032 440,000 7.500% 1,274,062.50 1,714,062.50 2,988,125
06/01/2033 1,257,562.50 1,257,562.50
12/01/2033 475,000 7.500% 1,257,562.50 1,732,562.50 2,990,125
06/01/2034 1,239,750.00 1,239,750.00
12/01/2034 690,000 7.500% 1,239,750.00 1,929,750.00 3,169,500
06/01/2035 1,213,875.00 1,213,875.00
12/01/2035 740,000 7.500% 1,213,875.00 1,953,875.00 3,167,750
06/01/2036 1,186,125.00 1,186,125.00
12/01/2036 990,000 7.500% 1,186,125.00 2,176,125.00 3,362,250
- 06/01/2037 1,149,000.00 1,149,000.00
12/01/2037 1,055,000 7.500% 1,149,000.00 2,204,000.00 3,353,000
06/01/2038 1,109,437.50 1,109,437.50
12/01/2038 1,340,000 7.500% 1,109,437.50 2,449,437.50 3,558,875
06/01/2039 1,059,187.50 1,059,187.50
12/01/2039 5,855,000 7.500% 1,059,187.50 6,914,187.50 7,973,375
06/01/2040 839,625.00 839,625.00
12/01/2040 6,775,000 7.500% 839,625.00 7,614,625.00 8,454,250
06/01/2041 585,562.50 585,562.50
12/01/2041 7,280,000 7.500% 585,562.50 7,865,562.50 8,451,125
06/01/2042 312,562.50 312,562.50
-
12/01/2042 8,335,000 7.500% 312,562.50 8,647,562.50 8,960,125
35,100,000 71,775,750.00 106,875,750.00 106,875,750
Jan 3,2006 3:43 pm Prepared by Kirkpatrick Pettis Quantitative Group-EL (Pioneer MD 05:CSEP3005-M12SP40C) Page 2
9/
SOURCES AND USES OF FUNDS
PIONEER METROPOLITAN DISTRICTS#1-6
SERIES 2016 G.O.BONDS
Non-Rated,30-Year Maturity
Service Plan Version
Dated Date 12/0112016
Delivery Date 12/01/2016
Sources:
Bond Proceeds:
Par Amount 38,000,000.00
38,000,000.00
Uses:
Project Fund Deposits:
Construction Fund 36,860,000.00
Delivery Date Expenses:
Global COI 1,140,000.00
38,000,000.00
Jan 3,2006 4:46 pm Prepared by Kirkpatrick Pettis Quantitative Group-EL (Pioneer MD 05:CSEP3005-M16SP40C) Page 1
94-
-� BOND DEBT SERVICE
PIONEER METROPOLITAN DISTRICTS#1-6
SERIES 2016 G.O. BONDS
Non-Rated,30-Year Maturity
Service Plan Version
Annual
Period Debt Debt
Ending Principal Coupon Interest Service Service
12/01/2016
06/01/2017 1,425,000 1,425,000
12/01/2017 500,000 7.500% 1,425,000 1,925,000 3,350,000
06/01/2018 1,406,250 1,406,250
12/01/2018 600.000 7.500% 1,406.250 2,006.250 3.412.500
06/01/2019 1,383,750 1,383.750
12/01/2019 1,383.750 1,383,750 2,767.500
06/01/2020 1,383.750 1,383,750
12/01/2020 1,383,750 1,383,750 2,767,500
06/01/2021 1,383,750 1,383,750
12/01/2021 1,383,750 1.383,750 2,767,500
-.� 06/01/2022 1,383,750 1,383,750
12/01/2022 1,383,750 1,383,750 2,767,500
06/01/2023 1.383,750 1,383,750
12101/2023 1.383,750 1.383,750 2,767,500
06/01/2024 1,383,750 1,383,750
12/01/2024 1,383.750 1,383.750 2.767,500
06/01/2025 1.383,750 1,383,750
12/01/2025 1.383.750 1,383,750 2,767.500
06101/2026 1,383.750 1,383,750
12/01/2026 1,383,750 1,383,750 2,767,500
06/012027 1,383,750 1,383,750
12/01/2027 1,383,750 1,383,750 2,767,500
06/01/2028 1,383,750 1,383,750
12/01/2028 1,383,750 1,383,750 2,767,500
06/01/2029 1,383,750 1,383,750
12/01/2029 1,383,750 1,383,750 2,767,500
06/012030 1,383,750 1,383,750
12/01/2030 1,383,750 1,383,750 2,767,500
06/01/2031 1,383,750 1,383,750
12/01/2031 1,383,750 1,383,750 2,767.500
06/01/2032 1.383,750 1,383,750
12/01/2032 1.383,750 1,383,750 2.767,500
06/01/2033 1,383,750 1,383,750
12101/2033 1,383,750 1,383,750 2.767.500
06/01/2034 1,383,750 1,383,750
12/01/2034 1,383.750 1,383,750 2,767,500
06/01/2035 1,383,750 1,383,750
-a 12/01/2035 1,383,750 1,383,750 2,767,500
06/01/2036 1,383,750 1.383,750
12/01/2036 1,383,750 1,383,750 2,767,500
06/01/2037 1,383,750 1,383,750
12/01/2037 1,383,750 1,383,750 2,767,500
06/01/2038 1,383,750 1,383,750
12/01/2038 1,383,750 1,383,750 2,767.500
06/01/2039 1,383,750 1,383,750
12/01/2039 1,383,750 1,383,750 2,767,500
06/01/2040 1,383,750 1,383,750
12/01/2040 1,383,750 1,383,750 2,767.500
06/01/2041 1,383,750 1,383,750
12101/2041 1,383,750 1,383.750 2,767,500
06101/2042 1,383,750 1,383,750
12/012042 1,383,750 1,383,750 2,767,500
06/01/2043 1,383.750 1,383,750
12/012043 7,650,000 7.500% 1,383,750 9.033,750 10,417,500
06/01/2044 1,096,875 1.096,875
12/01/2044 8,850,000 7.500% 1,096,875 9,946,875 11,043,750
06/01/2045 765,000 765,000
12/01/2045 9,510.000 7.500% 765,000 10,275,000 11,040,000
06/01/2046 408,375 408,375
12/01/2046 10,890,000 7.500% 408,375 11,298,375 11,706,750
38,000,000 79,390,500 117,390,500 117,390,500
Jan 3,2006 4:46 pm Prepared by Kirkpatrick Pettis Quantitative Group-EL (Pioneer MD 05:CSEP3005-M165P40C) Page 2
'3
SOURCES AND USES OF FUNDS
PIONEER METROPOLITAN DISTRICTS#1-6
SERIES 2020 G.O.BONDS
Non-Rated,2048 Final Maturity
Service Plan Version
Dated Date 12/01/2020
Delivery Date 12/01/2020
Sources:
Bond Proceeds:
Par Amount 41,000,000.00
41,000,000.00
Uses:
Project Fund Deposits:
Construction Fund 39,770,000.00
Delivery Date Expenses:
Global COI 1,230,000.00
41,000,000.00
Jan 3,2006 4:47 pm Prepared by Kirkpatrick Pettis Quantitative Group-EL (Pioneer MD 05:CSEP3005-M20SP40C) Page 1
99
....,
BOND DEBT SERVICE
-
PIONEER METROPOLITAN DISTRICTS#1-6
SERIES 2020 G.O.BONDS
Non-Rated,2048 Final Maturity
Service Plan Version
Annual
Period Debt
Ending Principal Coupon Interest Debt Service Service
12/01/2020
06/01/2021 1,537,500.00 1,537,500.00
12/01/2021 1,537,500.00 1,537,500.00 3,075,000
06/01/2022 1,537,500.00 1,537,500.00
12/01/2022 1,537,500.00 1,537,500.00 3,075,000
06/01/2023 1,537,500.00 1,537,500.00
12/01/2023 1,537,500.00 1,537,500.00 3,075,000
06/01/2024 1,537,500.00 1,537,500.00
12/01/2024 1,537,500.00 1,537,500.00 3,075,000
06/01/2025 1,537,500.00 1,537,500.00
12/01/2025 1,537,500.00 1,537,500.00 3,075,000
06/01/2026 1,537,500.00 1,537,500.00
12/01/2026 1,537,500.00 1,537,500.00 3,075,000
06/01/2027 1,537,500.00 1,537,500.00
-
12101/2027 1,537,500.00 1,537,500.00 3,075,000
06/01/2028 1,537,500.00 1,537,500.00
12/01/2028 1,537,500.00 1,537,500.00 3,075,000
06/01/2029 1,537,500.00 1,537,500.00
_„ 12/01/2029 1,537,500.00 1,537,500.00 3,075,000
06/01/2030 1,537,500.00 1,537,500.00
12/01/2030 1,537,500.00 1,537,500.00 3,075,000
06/01/2031 1,537,500.00 1,537,500.00
12/01/2031 1,537,500.00 1,537,500.00 3,075,000
-- �„\ 06/01/2032 1,537,500.00 1,537,500.00
12/01/2032 1,537,500.00 1,537,500.00 3,075,000
06/01/2033 1,537,500.00 1,537,500.00
12/01/2033 1,537,500.00 1,537,500.00 3,075,000
06/01/2034 1,537,500.00 1,537,500.00
-- 12/01/2034 1,537,500.00 1,537,500.00 3,075,000
06/01/2035 1,537,500.00 1,537,500.00
12/01/2035 1,537,500.00 1,537,500.00 3,075,000
06/01/2036 1,537,500.00 1,537,500.00
12/01/2036 1,537,500.00 1,537,500.00 3,075,000
.._
06/01/2037 1,537,500.00 1,537,500.00
12/01/2037 1,537,500.00 1,537,500.00 3,075,000
06/01/2038 1,537,500.00 1,537,500.00
12/01/2038 1,537,500.00 1,537,500.00 3,075,000
_ 06/01/2039 1,537,500.00 1,537,500.00
12/01/2039 1,537,500.00 1,537,500.00 3,075,000
06/01/2040 1,537,500.00 1,537,500.00
12/01/2040 35,000 7.500% 1,537,500.00 1,572,500.00 3,110,000
06/01/2041 1,536,187.50 1,536,187.50
"` 12/01/2041 40,000 7.500% 1,536,187.50 1,576,187.50 3,112,375
06/01/2042 1,534,687.50 1,534,687.50
12/01/2042 395,000 7.500% 1,534,687.50 1,929,687.50 3,464,375
06/01/2043 1,519,875.00 1,519,875.00
12/01/2043 1,735,000 7.500% 1,519,875.00 3,254,875.00 4,774,750
-
06/01/2044 1,454,812.50 1,454,812.50
12/01/2044 2,150,000 7.500% 1,454,812.50 3,604,812.50 5,059,625
06/01/2045 1,374,187.50 1,374,187.50
12/01/2045 2,315,000 7.500% 1,374,187.50 3,689,187.50 5,063,375
06/01/2046 1,287,375.00 1,287,375.00
12/01/2046 2,790,000 7.500% 1,287,375.00 4,077,375.00 5,364,750
06/01/2047 1,182,750.00 1,182,750.00
12/01/2047 14,705,000 7.500% 1,182,750.00 15,887,750.00 17,070,500
06/01/2048 631,312.50 631,312.50
— 12/01/2048 16,835,000 7.500% 631,312.50 17,466,312.50 18,097,625
41,000,000 82,542,375.00 123,542,375.00 123,542,375
Jan 3,2006 4:47 pm Prepared by Kirkpatrick Pettis Quantitative Group-EL (Pioneer MD 05:CSEP3005-M20SP40C) Page 2
9_5'
SOURCES AND USES OF FUNDS
PIONEER METROPOLITAN DISTRICTS#1-6
SERIES 2024 G.O.BONDS
Non-Rated,2048 Final Maturity
Service Plan Version
Dated Date 12/01/2024
Delivery Date 12/01/2024
Sources:
Bond Proceeds:
Par Amount 30,400,000.00
30,400,000.00
Uses:
Project Fund Deposits:
Construction Fund 29,488,000.00
Delivery Date Expenses:
Global COI 912,000.00
30.400,000.00
1
Jan 3,2006 4:48 pm Prepared by Kirkpatrick Pettis Quantitative Group—EL (Pioneer MD 05:CSEP3005-M24SP40C) Page 1
9'
BOND DEBT SERVICE
- PIONEER METROPOLITAN DISTRICTS#1-6
SERIES 2024 G.O.BONDS
Non-Rated,2048 Final Maturity
Service Plan Version
Annual
Period
Debt
Ending Principal Coupon Interest Debt Service Service
12/01/2024
06/01/2025 1,140,000.00 1,140,000.00
12/01/2025 1,140,000.00 1,140,000.00 2,280,000
06/01/2026 1,140,000.00 1,140,000.00
12/01/2026 1,140,000.00 1,140,000.00 2,280,000
06/01/2027 1,140,000.00 1,140,000.00
12/01/2027 1,140,000.00 1,140,000.00 2,280,000
06/01/2028 1,140,000.00 1,140,000.00
12/01/2028 1,140,000.00 1,140,000.00 2,280,000
— 06/01/2029 1,140,000.00 1,140,000.00
12/01/2029 1,140,000.00 1,140,000.00 2,280,000
06/01/2030 1,140,000.00 1,140,000.00
12/01/2030 1,140,000.00 1,140,000.00 2,280,000
06/01/2031 1,140,000.00 1,140,000.00
— 12/01/2031 1,140,000.00 1,140,000.00 2,280,000
06/01/2032 1,140,000.00 1,140,000.00
12/01/2032 1,140,000.00 1,140,000.00 2,280,000
06/01/2033 1,140,000.00 1,140,000.00
12/01/2033 1,140,000.00 1,140,000.00 2,280,000
06/01/2034 1,140,000.00 1,140,000.00
12/01/2034 35,000 7.500% 1,140,000.00 1,175,000.00 2,315,000
06/01/2035 1,138,687.50 1,138,687.50
12/01/2035 40,000 7.500% 1,138,687.50 1,178,687.50 2,317,375
+— ^ 06/01/2036 1,137,187.50 1,137,187.50
12/01/2036 530,000 7.500% 1,137,187.50 1,667,187.50 2,804,375
06/01/2037 1,117,312.50 1,117,312.50
12/01/2037 575,000 7.500% 1,117,312.50 1,692,312.50 2,809,625
06/01/2038 1,095,750.00 1,095,750.00
— 12/01/2038 1,135,000 7.500% 1,095,750.00 2,230,750.00 3,326,500
06/01/2039 1,053,187.50 1,053,187.50
12/01/2039 1,220,000 7.500% 1,053,187.50 2,273,187.50 3,326,375
06/01/2040 1,007,437.50 1,007,437.50
12/01/2040 1,825,000 7.500% 1,007,437.50 2,832,437.50 3,839,875
06/01/2041 939,000.00 939,000.00
12/01/2041 1,960,000 7.500% 939,000.00 2,899,000.00 3,838,000
06/01/2042 865,500.00 865,500.00
12/01/2042 2,340,000 7.500% 865,500.00 3,205,500.00 4,071,000
—
06/01/2043 777,750.00 777,750.00
12/01/2043 2,515,000 7.500% 777,750.00 3,292,750.00 4,070,500
06/01/2044 683,437.50 683,437.50
12/01/2044 2,945,000 7.500% 683,437.50 3,628,437.50 4,311,875
06/01/2045 573,000.00 573,000.00
-- 12/01/2045 3,170,000 7.500% 573,000.00 3,743,000.00 4,316,000
06/01/2046 454,125.00 454,125.00
12/01/2046 3,665,000 7.500% 454,125.00 4,119,125.00 4,573,250
06/01/2047 316,687.50 316,687.50
12/01/2047 3,940,000 7.500% 316,687.50 4,256,687.50 4,573,375
— 06/01/2048 168,937.50 168,937.50
12/01/2048 4,505,000 7.500% 168,937.50 4,673,937.50 4,842,875
30,400,000 45,456,000.00 75,856,000.00 75,856,000
Jan 3,2006 4:48 pm Prepared by Kirkpatrick Pettis Quantitative Group—EL (Pioneer MD 05:CSEP3005-M24SP40C) Page 2
97
Statement of Significant Assumptions
Pioneer Metropolitan Districts# 1-6
Prepared by Kirkpatrick Pettis
1. Financing Districts: Districts #1-6 boundaries will be established as growth occurs for
Financing Districts to issue debt, provide operations/maintenance and levy a tax for
transfer to the Regional District. This financing plan demonstrates the feasibility of the
combined Districts#1-6.
2. Development Projections: The single-family residential development schedule includes
9,500 single-family units and 500 multi-family units. These two categories have assumed
market values of$225,000/unit, and $130,000/unit. These market values are inflated at
3%/year through buildout to reflect the Weld County policy maximum. The single-
- family residential absorption begins with the first completed home in 2008 and continues
through 2026. The multi-family units will be completed in 2027.
3. Assessed Valuation: The Districts' assessed value is shown in the year of tax collection,
which lags 2 years from the year of construction. The assessed value for residential
property is 7.96% of the market value, which is the residential assessment ratio effective
next year as determined in accordance with the Gallagher Amendment. At buildout,
collected in 2028, the Districts' expected assessed value will be $296.4 million. This
plan also assumes biennial reassessment of 6% after buildout to reflect the Weld County
policy maximum.
4. District Revenues: The Districts expect to levy 40 mills for debt service and an
operating mill levy of 10 mills. The Districts expect to collect cumulative fees of
$5,000/SFD unit to include storm sewer, traffic and parks fees, $3,333/MFD unit and
facility fees of$1,500/SFD unit, $1,000/MFD unit. The Districts will also collect interest
income on the cumulative surplus estimated at 3%. The specific ownership tax revenue
has been estimated at 10% of the property taxes collected. The Districts will additionally
levy up to ten mills for regional services that will be transferred by an Intergovernmental
Agreement to the Pioneer Regional Metro District.
5. District Operations: $300,000 inflated at 3% per year is allocated for the Districts'
administrative costs. The Districts' operations and maintenance costs grow to $1.5
million per year by 2026. Developer advances initially cover the Districts' operating
costs until the Districts begin collecting sufficient revenues.
6. Debt Structure: This plan demonstrates the Districts' ability to support $182 million in
General Obligation debt in five bond issues, raising a total of$176.5 million in proceeds
net of issuance costs and capitalized interest. These bond issues will be non-rated with an
estimated annual interest rate of 7.5% based on historical averages for similar bond
issues.
7. Underwriter's Certification: This is to certify that the firm of Kirkpatrick Pettis, a
division of D A Davidson, Fixed Income Capital Markets, is listed in the most recent
"Bond Buyer's Municipal Marketplace"as a Dealer/Underwriter,in Denver,Colorado.
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SOURCES AND USES OF FUNDS
PIONEER METROPOLITAN DISTRICTS#1-6
SERIES 2008 G.O.BONDS
Non-Rated,30-Year Maturity
Service Plan Version
Dated Date 12/01/2008
Delivery Date 12/01/2008
Sources:
Bond Proceeds:
Par Amount 37,500,000.00
37,500,000.00
Uses:
Project Fund Deposits:
Construction Fund 36,375,000.00
Delivery Date Expenses:
Global COI 1,125,000.00
37,500,000.00
Jan 3,2006 3:41 pm Prepared by Kirkpatrick Pettis Quantitative Group-EL (Pioneer MD 05:CSEP3005-M08SP40C) Page 1
/43
BOND DEBT SERVICE
PIONEER METROPOLITAN DISTRICTS#1-6
SERIES 2008 G.O.BONDS
Non-Rated,30-Year Maturity
Service Plan Version
—
Annual
Period
Debt
Ending Principal Coupon Interest Debt Service Service
12/01/2008
06/01/2009 1,406,250.00 1,406,250.00
12/01/2009 735,000 7.500% 1,406,250.00 2,141,250.00 3,547,500
06/01/2010 1,378,687.50 1,378,687.50
12/01/2010 1,085,000 7.500% 1,378,687.50 2,463,687.50 3,842,375
06/01/2011 1,338,000.00 1,338,000.00
_ 12/01/2011 1,600,000 7.500% 1,338,000.00 2,938,000.00 4,276,000
06/01/2012 1,278,000.00 1,278,000.00
12/01/2012 2,175,000 7.500% 1,278,000.00 3,453,000.00 4,731,000
06/01/2013 1,196,437.50 1,196,437.50
12/01/2013 1,196,437.50 1,196,437.50 2.392,875
,— 06/01/2014 1,196,437.50 1,196,437.50
12/01/2014 1,196,437.50 1,196,437.50 2,392,875
06/01/2015 1,196,437.50 1,196,437.50
12/01/2015 1,196,437.50 1,196,437.50 2,392,875
06/01/2016 1,196,437.50 1,196,437.50
12/01/2016 1,196,437.50 1,196,437.50 2,392,875
06/01/2017 1,196,437.50 1,196,437.50
12/01/2017 1,196,437.50 1,196,437.50 2,392,875
06/01/2018 1,196,437.50 1,196,437.50
12/01/2018 75,000 7.500% 1,196,437.50 1,271,437.50 2,467,875
06/01/2019 1,193,625.00 1,193,625.00
.- 12/01/2019 80,000 7.500% 1,193,625.00 1,273,625.00 2,467,250
06/01/2020 1,190,625.00 1,190,625.00
12/01/2020 230,000 7.500% 1,190,625.00 1,420,625.00 2,611,250
06/01/2021 1,182,000.00 1,182,000.00
12/01/2021 250,000 7.500% 1,182,000.00 1,432,000.00 2,614,000
,_ 06/01/2022 1,172,625.00 1,172,625.00
12/01/2022 425.000 7.500% 1,172,625.00 1,597,625.00 2,770,250
06/01/2023 1,156,687.50 1,156,687.50
12/01/2023 455,000 7.500% 1,156,687.50 1,611,687.50 2,768,375
06/01/2024 1,139,625.00 1,139,625.00
12/01/2024 655,000 7.500% 1,139,625.00 1,794,625.00 2,934,250
.- 06/01/2025 1,115,062.50 1,115,062.50
12/01/2025 705,000 7.500% 1,115,062.50 1,820,062.50 2,935,125
06/01/2026 1,088,625.00 1,088,625.00
12/01/2026 935,000 7.500% 1,088,625.00 2,023,625.00 3,112,250
06/01/2027 1,053,562.50 1,053,562.50
12/01/2027 1,005,000 7.500% 1,053,562.50 2,058,562.50 3,112,125
06/01/2028 1,015,875.00 1,015,875.00
12/01/2028 1,265,000 7.500% 1,015,875.00 2,280,875.00 3,296,750
06/01/2029 968,437.50 968,437.50
12/01/2029 1,360,000 7.500% 968,437.50 2,328,437.50 3,296,875
06/01/2030 917,437.50 917,437.50
12/01/2030 1,660,000 7.500% 917,437.50 2,577,437.50 3,494,875
06/01/2031 855,187.50 855,187.50
12/01/2031 1,785,000 7.500% 855,187.50 2,640,187.50 3,495,375
06/01/2032 788,250.00 788,250.00
12/01/2032 2,130,000 7.500% 788,250.00 2,918,250.00 3,706,500
—
06/01/2033 708,375.00 708,375.00
12/01/2033 2,290,000 7.500% 708,375.00 2,998,375.00 3,706,750
06/01/2034 622,500.00 622,500.00
12/01/2034 2,685,000 7.500% 622,500.00 3,307,500.00 3,930,000
06/01/2035 521,812.50 521,812.50
-- 12/01/2035 2,885,000 7.500% 521,812.50 3,406,812.50 3,928,625
06/01/2036 413,625.00 413,625.00
12/01/2036 3,335,000 7.500% 413,625.00 3,748,625.00 4,162,250
06/01/2037 288,562.50 288,562.50
12/01/2037 3,590,000 7.500% 288,562.50 3,878,562.50 4,167,125
06/01/2038 153,937.50 153,937.50
12/01/2038 4,105,000 7.500% 153,937.50 4,258,937.50 4.412,875
37,500,000 60,252,000.00 97,752,000.00 97,752,000
Jan 3,2006 3:41 pm Prepared by Kirkpatrick Pettis Quantitative Group-EL (Pioneer MD 05:CSEP3005-M08SP40C) Page 2
AY
r•
SOURCES AND USES OF FUNDS
PIONEER METROPOLITAN DISTRICTS#1-6
SERIES 2012 G.O.BONDS
Non-Rated,30-Year Maturity
Service Plan Version
Dated Date 12/01/2012
Delivery Date 12/01/2012
Sources:
Bond Proceeds:
Par Amount 35,100,000.00
35,100,000.00
Uses:
Project Fund Deposits:
Construction Fund 34,047,000.00
Delivery Date Expenses:
Global COI 1.053,000.00
35,100,000.00
Jan 3,2006 3:43 pm Prepared by Kirkpatrick Pettis Quantitative Group-EL (Pioneer MD 05:CSEP3005-M12SP40C) Page 1
BOND DEBT SERVICE
- PIONEER METROPOLITAN DISTRICTS#1-6
SERIES 2012 G.O.BONDS
Non-Rated,30-Year Maturity
Service Plan Version
Period Debt
Debt
Ending Principal Coupon Interest Debt Service Service
12/01/2012
06/01/2013 1,316,250.00 1,316,250.00
12/01/2013 200,000 7.500% 1,316,250.00 1,516,250.00 2,832,500
06/01/2014 1,308,750.00 1,308,750.00
12/01/2014 300,000 7.500% 1,308,750.00 1,608,750.00 2,917,500
06/01/2015 1,297,500.00 1,297,500.00
-- 12/01/2015 1,297,500.00 1,297,500.00 2,595,000
06/01/2016 1,297,500.00 1,297,500.00
12/01/2016 1,297,500.00 1,297,500.00 2,595,000
06/01/2017 1,297,500.00 1,297,500.00
12/01/2017 1,297,500.00 1,297,500.00 2,595,000
- 06/01/2018 1,297,500.00 1,297,500.00
12/01/2018 1,297,500.00 1,297,500.00 2,595,000
06/01/2019 1,297,500.00 1,297,500.00
12/01/2019 1,297,500.00 1,297,500.00 2,595,000
06/01/2020 1,297,500.00 1,297,500.00
- 12/01/2020 1,297,500.00 1,297,500.00 2,595,000
06/01/2021 1,297,500.00 1,297,500.00
12/01/2021 1,297,500.00 1,297,500,00 2,595,000
06/01/2022 1,297,500.00 1,297,500.00
12/01/2022 1,297,500.00 1,297,500,00 2,595,000
06/01/2023 1,297,500.00 1,297,500,00
^- 12/01/2023 1,297,500.00 1,297,500.00 2,595,000
06/01/2024 1,297,500.00 1,297,500,00
12/01/2024 1,297,500,00 1,297,500.00 2,595,000
06/01/2025 1,297,500,00 1,297,500.00
12/01/2025 1,297,500,00 1,297,500.00 2,595,000
- 06/01/2026 1,297,500,00 1,297,500.00
'-" 12/01/2026 1,297,500.00 1,297,500,00 2,595,000
06/01/2027 1,297,500.00 1,297,500,00
12/01/2027 1,297,500.00 1,297,500.00 2,595,000
06/01/2028 1,297,500.00 1,297,500.00
12/01/2028 65,000 7.500% 1,297,500.00 1,362,500.00 2,660,000
06/01/2029 1,295,062.50 1,295,062.50
12/01/2029 70,000 7.500% 1,295,062.50 1,365,062,50 2,660,125
06/01/2030 1,292,437,50 1,292,437.50
12/01/2030 235,000 7.500% 1,292,437.50 1,527,437.50 2,819,875
06/01/2031 1,283,625.00 1,283,625.00
- 12/01/2031 255,000 7.500% 1,283,625.00 1,538,625.00 2,822,250
06/01/2032 1,274,062.50 1,274,062.50
12/01/2032 440,000 7.500% 1,274,062.50 1,714,062.50 2,988,125
06/01/2033 1,257,562.50 1,257,562.50
12/01/2033 475,000 7.500% 1,257,562.50 1,732,562.50 2,990,125
- 06/01/2034 1,239,750.00 1,239,750.00
12/01/2034 690,000 7.500% 1,239,750.00 1,929,750.00 3,169,500
06/01/2035 1,213,875.00 1,213,875.00
12/01/2035 740,000 7.500% 1,213,875.00 1,953,875,00 3,167,750
06/01/2036 1,186,125.00 1,186,125.00
12/01/2036 990,000 7.500% 1,186,125.00 2,176,125.00 3,362,250
06/01/2037 1,149,000.00 1,149,000.00
12/01/2037 1,055,000 7.500% 1,149,000.00 2,204,000,00 3,353,000
06/01/2038 1,109,437.50 1,109,437.50
12/01/2038 1,340,000 7.500% 1,109,437.50 2,449,437.50 3,558,875
06/01/2039 1,059,187,50 1,059,187.50
- 12/01/2039 5,855,000 7.500% 1,059,187.50 6,914,187,50 7,973,375
06/01/2040 839,625.00 839,625,00
12101/2040 6,775,000 7.500% 839,625,00 7,614,625.00 8,454,250
06/01/2041 585,562,50 585,562.50
12/01/2041 7,280,000 7.500% 585,562.50 7,865,562.50 8,451,125
— 06/01/2042 312,562.50 312,562,50
12/01/2042 8,335,000 7.500% 312,562.50 8,647,562,50 8,960,125
35,100,000 71,775,750.00 106,875,750.00 106,875,750
Jan 3,2006 3:43 pm Prepared by Kirkpatrick Peals Quantitative Group-EL (Pioneer MD 05:CSEP3005-M12SP40C) Page 2
/D6
SOURCES AND USES OF FUNDS
-- PIONEER METROPOLITAN DISTRICTS#1-6
SERIES 2016 G.O.BONDS
Non-Rated,30-Year Maturity
Service Plan Version
Dated Date 12/01/2016
Delivery Date 12/01/2016
Sources:
Bond Proceeds:
Par Amount 38,000,000.00
38,000,000.00
Uses:
Project Fund Deposits:
Construction Fund 36,860,000.00
Delivery Date Expenses:
Global COI 1,140,000.00
38,000,000.00
Jan 3,2006 4:46 pm Prepared by Kirkpatrick Pettis Quantitative Group-EL (Pioneer MD 05:CSEP3005-M16SP40C) Page 1
4;I
•
BOND DEBT SERVICE
- PIONEER METROPOLITAN DISTRICTS#1-6
SERIES 2016 G.O.BONDS
Non-Rated,30-Year Maturity
Service Plan Version
Annual
Period Debt Debt
Ending Principal Coupon Interest Service Service
12/01/2016
—
06/01/2017 1,425,000 1,425,000
12/01/2017 500,000 7.500% 1,425,000 1,925,000 3,350,000
06/01/2018 1,406,250 1,406,250
12/01/2018 600,000 7.500% 1,406,250 2,006,250 3,412,500
06/01/2019 1,383,750 1,383,750
"- 12/01/2019 1,383,750 1,383,750 2,767,50O
06/01/2020 1,383,750 1,383,750
12/01/2020 1,383,750 1,383,750 2,767,500
06/01/2021 1,383,750 1,383,750
12/01/2021 1,383,750 1,383,750 2,767,500
06/01/2022 1,383,750 1,383,750
12/01/2022 1,383,750 1,383,750 2,767,500
06/01/2023 1,383,750 1,383,750
12/01/2023 1,383,750 1,383,750 2,767,500
06/01/2024 1,383,750 1,383,750
-
12/01/2024 1,383,750 1,383,750 2,767,500
06/01/2025 1,383,750 1,383,750
12/01/2025 1,383,750 1,383,750 2,767,500
06/01/2026 1,383,750 1,383,750
12/01/2026 1,383,750 1,383,750 2,767,500
06/01/2027 1,383,750 1,383,750
--. 12/01/2027 1,383,750 1,383,750 2,767,500
06/01/2028 1,383,750 1,383,750
12/01/2028 1,383,750 1,383,750 2,767,500
06/01/2029 1,383,750 1,383,750
12/01/2029 1,383,750 1,383,750 2,767,500
- ^ 06/01/2030 1,383,750 1,383,750
12/01/2030 1,383,750 1,383,750 2,767,500
06/01/2031 1,383,750 1,383,750
12/01/2031 1,383,750 1,383,750 2,767,500
06/01/2032 1,383,750 1,383,750
,,,- 12/01/2032 1,383,750 1,383,750 2,767,500
06/01/2033 1,383,750 1.383,750
12/01/2033 1,383,750 1,383,750 2,767.500
06/01/2034 1,383,750 1,383,750
12/01/2034 1,383,750 1,383,750 2,767,500
06/01/2035 1,383,750 1,383,750
- 12/01/2035 1,383,750 1,383,750 2,767,500
06/01/2036 1,383,750 1,383,750
12/01/2036 1,383,750 1,383,750 2,767,500
06/01/2037 1,383,750 1,383,750
12/01/2037 1,383,750 1,383,750 2,767,500
- 06/01/2038 1,383,750 1,383,750
12/01/2038 1,383,750 1,383,750 2,767.500
06/01/2039 1,383,750 1,383,750
12/01/2039 1,383,750 1,383,750 2,767,500
06/01/2040 1,383,750 1,383,750
-
12/01/2040 1,383,750 1,383,750 2.767,500
06/01/2041 1,383,750 1,383,750
12/01/2041 1,383.750 1,383,750 2,767,500
06/01/2042 1,383,750 1,383,750
12101/2042 1,383,750 1,383,750 2,767,500
06/01/2043 1,383,750 1,383,750
- 12/01/2043 7,650,000 7.500% 1,383,750 9,033,750 10,417,500
06/01/2044 1,096,875 1,096,875
12/01/2044 8,850,000 7.500% 1,096,875 9,946,875 11,043,750
06/01/2045 765,000 765,000
12/01/2045 9,510,000 7.500% 765,000 10,275,000 11,040,000
-
06/01/2046 408,375 408,375
12/012046 10,890,000 7.500% 408,375 11,298,375 11,706,750
38,000,000 79,390,500 117,390,500 117,390,500
Jan 3,2006 4:46 pm Prepared by Kirkpatrick Pettis Quantitative Group-EL (Pioneer MD 05:CSEP3005-M16SP40C) Page 2
/1 f
SOURCES AND USES OF FUNDS
PIONEER METROPOLITAN DISTRICTS#1-6
SERIES 2020 G.O.BONDS
Non-Rated,2048 Final Maturity
Service Plan Version
Dated Date 12/01/2020
Delivery Date 12/01/2020
Sources:
Bond Proceeds:
Par Amount 41,000,000.00
41,000,000.00
Uses:
Project Fund Deposits:
Construction Fund 39,770,000.00
Delivery Date Expenses:
Global COI 1,230,000.00
41,000,000.00
mmimm
moms
r.
Jan 3,2006 4:47 pm Prepared by Kirkpatrick Pettis Quantitative Group-EL (Pioneer MD 05:CSEP3005-M20SP40C) Page 1
/09
BOND DEBT SERVICE
- PIONEER METROPOLITAN DISTRICTS#1-6
SERIES 2020 G.O.BONDS
Non-Rated,2048 Final Maturity
Service Plan Version
Annual
Period Debt
Ending Principal Coupon Interest Debt Service Service
12/01/2020
06/01/2021 1,537,500.00 1,537500.00
12/01/2021 1,537,500.00 1,537,500.00 3,075,000
06/01/2022 1,537,500.00 1,537,500.00
12/01/2022 1,537,500.00 1,537,500.00 3,075,000
06/01/2023 1,537,500.00 1,537,500.00
12/01/2023 1,537,500.00 1,537,500.00 3,075,000
06/01/2024 1,537,500.00 1,537,500,00
12/01/2024 1,537,500.00 1,537,500.00 3,075,000
- 06/01/2025 1,537,500.00 1,537,500.00
12/01/2025 1,537,500.00 1,537,500.00 3,075,000
06/01/2026 1,537,500.00 1,537,500.00
12/01/2026 1,537,500.00 1,537,500.00 3,075,000
06/01/2027 1,537,500.00 1,537,500.00
-- 12/01/2027 1,537,500.00 1,537,500.00 3,075,000
06/01/2028 1,537,500.00 1,537,500.00
12/01/2028 1,537,500.00 1,537,500.00 3,075,000
06/01/2029 1,537,500.00 1,537,500.00
12101/2029 1,537,500.00 1,537,500.00 3,075,000
06/01/2030 1,537,500.00 1,537,500.00
12/01/2030 1,537,500.00 1,537,500.00 3,075,000
06/01/2031 1,537,500.00 1,537,500.00
12/01/2031 1,537,500.00 1,537,500.00 3,075,000
- ,,,` 06/01/2032 1,537,500.00 1,537,500.00
12/01/2032 1,537,500.00 1,537,500.00 3,075,000
06/01/2033 1,537,500.00 1,537,500.00
12/01/2033 1,537,500.00 1,537,500.00 3,075,000
06/01/2034 1,537,500.00 1,537,500.00
12/01/2034 1,537,500.00 1,537,500.00 3,075,000
06/01/2035 1,537,500.00 1,537,500.00
12/01/2035 1,537,500.00 1,537,500.00 3,075,000
06/01/2036 1,537,500.00 - 1,537,500.00
—
12/01/2036 1,537,500.00 1,537,500.00 3,075,000
06/01/2037 1,537,500.00 1,537,500.00
12/01/2037 1,537,500.00 1,537,500.00 3,075,000
06/01/2038 1,537,500.00 1,537,500.00
12/01/2038 1,537,500.00 1,537,500.00 3,075,000
— 06/01/2039 1,537,500.00 1,537,500.00
12/01/2039 1,537,500.00 1,537,500.00 3,075,000
06/01/2040 1,537,500.00 1,537,500.00
12/01/2040 35,000 7.500% 1,537,500.00 1,572,500.00 3,110,000
06/01/2041 1,536,187.50 1,536,187.50
— 12/01/2041 40,000 7.500% 1,536,187.50 1,576,187.50 3,112,375
06/01/2042 1534,687.50 1,534,687.50
12/01/2042 395,000 7.500% 1,534,687.50 1,929,687.50 3,464,375
06/01/2043 1,519,875.00 1,519,875.00
12/01/2043 1,735,000 7.500% 1,519,875.00 3,254,875.00 4,774,750
—
06/01/2044 1,454,812.50 1,454,812.50
12/01/2044 2,150,000 7.500% 1,454,812.50 3,604,812.50 5,059,625
06/01/2045 1,374,187.50 1,374,187.50
12/01/2045 2,315,000 7.500% 1,374,187.50 3,689,187.50 5,063,375
06/01/2046 1,287,375.00 1,287,375.00
12/01/2046 2,790,000 7.500% 1,287,375.00 4,077,375.00 5,364,750
06/01/2047 1,182,750.00 1,182,750.00
12/01/2047 14,705,000 7.500% 1,182,750.00 15,887,750.00 17,070,500
06/01/2048 631,312.50 631,312.50
— 12/01/2048 16,835,000 7.500% 631,312.50 17,466,312.50 18,097,625
41,000,000 82,542,375.00 123,542,375.00 123,542,375
Jan 3,2006 4:47 pm Prepared by Kirkpatrick Pettis Quantitative Group-EL (Pioneer MD 05:CSEP3005-M20SP40C) Page 2
i/v
SOURCES AND USES OF FUNDS
-" PIONEER METROPOLITAN DISTRICTS#1-6
SERIES 2024 G.O.BONDS
Non-Rated,2048 Final Maturity
Service Plan Version
Dated Date 12/01/2024
Delivery Date 12/01/2024
Sources:
Bond Proceeds:
Par Amount 30,400,000.00
30,400,000.00
Uses:
Project Fund Deposits:
Construction Fund 29,488,000.00
Delivery Date Expenses:
Global COI 912,000.00
30.400,000.00
Jan 3,2006 4:48 pm Prepared by Kirkpatrick Penis Quantitative Group-EL (Pioneer MD 05:CSEP3005-M24SP40C) Page 1
/i/
BOND DEBT SERVICE
�- PIONEER METROPOLITAN DISTRICTS#1-6
SERIES 2024 G.O.BONDS
Non-Rated,2048 Anal Maturity
Service Plan Version
Annual
Period Debt
Ending Principal Coupon Interest Debt Service Service
12/01/2024
06/01/2025 1,140,000.00 1,140,000.00
12/01/2025 1,140,000.00 1,140,000.00 2,280,000
06/01/2026 1,140,000.00 1,140,000.00
12/01/2026 1,140,000.00 1,140,000.00 2,280,000
06/01/2027 1,140,000.00 1,140,000.00
12/01/2027 1,140,000.00 1,140,000.00 2,280,000
06/01/2028 1,140,000.00 1,140,000.00
12/01/2028 1,140,000.00 1,140,000.00 2,280,000
06/01/2029 1,140,000.00 1,140,000.00
12/01/2029 1,140,000.00 1,140,000.00 2,280,000
06/01/2030 1,140,000.00 1,140,000.00
12/01/2030 1,140,000.00 1,140,000.00 2,280,000
06/01/2031 1,140,000.00 1,140,000.00
12/01/2031 1,140,000.00 1,140,000.00 2,280,000
06/01/2032 1,140,000.00 1,140,000.00
12/01/2032 1,140,000.00 1,140,000.00 2,280,000
06/01/2033 1,140,000.00 1,140,000.00
.-. 12/01/2033 1,140,000.00 1,140,000.00 2,280,000
06/01/2034 1,140,000.00 1,140,000.00
12/01/2034 35,000 7.500% 1,140,000.00 1,175,000.00 2,315,000
06/01/2035 1,138,687.50 1,138,687.50
12/01/2035 40,000 7.500% 1,138,687.50 1,178,687.50 2,317,375
—
06/01/2036 1,137,187.50 1,137,187.50
12/01/2036 530,000 7.500% 1,137,187.50 1,667,187.50 2,804,375
06/01/2037 1,117,312.50 1,117,312.50
12/01/2037 575.000 7.500% 1,117,312.50 1,692,312.50 2,809,625
06/01/2038 1,095,750.00 1,095,750.00
12/01/2038 1,135,000 7.500% 1,095,750.00 2,230,750.00 3,326,500
06/01/2039 1,053,187.50 1,053,187.50
12/01/2039 1,220,000 7.500% 1,053,187.50 2,273,187.50 3,326,375
06/01/2040 1,007,437.50 1,007,437.50
12/01/2040 1,825,000 7.500% 1,007,437.50 2,832,437.50 3,839,875
06/01/2041 939,000.00 939,000.00
12/01/2041 1,960,000 7.500% 939,000.00 2,899,000.00 3,838,000
06/01/2042 865,500.00 865.500.00
12/01/2042 2,340,000 7.500% 865,500.00 3,205,500.00 4,071,000
06/01/2043 777,750.00 777,750.00
12/01/2043 2,515,000 7.500% 777,750.00 3,292,750.00 4,070,500
06/01/2044 683,437.50 683,437.50
12/01/2044 2,945,000 7.500% 683,437.50 3,628,437.50 4,311,875
06/01/2045 573,000.00 573,000.00
�— 12/01/2045 3,170,000 7.500% 573,000.00 3,743,000.00 4,316,000
06/01/2046 454,125.00 454,125.00
12/01/2046 3,665,000 7.500% 454,125.00 4,119,125.00 4.573.250
06/01/2047 316,687.50 316,687.50
12/01/2047 3,940,000 7.500% 316,687.50 4,256,687.50 4,573,375
06/01/2048 168,937.50 168,937.50
12/01/2048 4,505,000 7.500% 168,937.50 4,673,937.50 4,842,875
30,400,000 45,456,000.00 75,856,000.00 75,856,000
Jan 3,2006 4:48 pm Prepared by Kirkpatrick Pettis Quantitative Group-EL (Pioneer MD 05:CSEP3005-M245P40C) Page 2
MCGEADY SISNEROS, P. C.
ATTORNEYS AT LAW
1675 BROADWAY, SUITE 2100
DENVER,COLORADO 80202
TELEPHONE:13031 592-4380
FACSIMILE:13031592-43135
WWW.MCGEADYSISNEROS.COM
W.MCGEADYSI SNEROS.COM
MARYANN M.MCGEADY SPECIAL COUNSEL
DARLENE SISNEROS
MARY JO DOUGHERTY KENNETH M.KOPROWIC2
MEGAN BECHER ANNE K.LAPORTA
RUSSELL W.DYKSTRA
KATHRYN 5.KANDA
JACQUELINE C.MURPHY
GEORGE M.ROWLEY May 31, 2006
Weld County Clerk and Recorder
1402 17th Avenue
P.O. Box 459
Greeley, CO 80632
Re: Pioneer Metropolitan District No. 1
Dear Clerk and Recorder:
Enclosed for your information and records is a copy of the final Service Plan and
Resolution of Approval for the captioned District. These documents are information only and do
not need to be recorded.
If you have any questions, or if you require additional information, please feel free to
call.
Very truly yours,
MCGEADY SISNEROS,P.C.
Elisabeth A. ortese
Paralegal
/eac
Enclosures
cc: Division of Local Government (w/enclosures)
State Auditors Office (w/enclosures)
{00074123-DOC v:l} @Q '. C,A 094b6-O 532
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--,
, ,,. .
fa, _iti, CLERK TO THE BOARD
PHONE (970) 336-7215, EXT.4218
FAX: (970) 352-02-02422 P.O. BOX 758
' • GREELEY, COLORADO 80632
II
COLORADO
STATE OF COLORADO)
) ss
COUNTY OF WELD )
I, Donald D. Warden, Clerk to the Board of County Commissioners, in and for the County
of Weld, State of Colorado, do hereby certify that the attached copy of Resolution #2006-0538,
dated February 6, 2006,(4 pages) is a duplicate of the original Resolution on file in the Weld
County Clerk to the Board's office.
IN WITNESS WHEREOF, I have hereunto set my hand and affixed the seal of said County
at Greeley, Colorado, this 20th day of March, 2006.
EL
CLERK TO THE BOARD
,1861 Cr ()kV
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