HomeMy WebLinkAbout20013340.tiff McGEADY SISNEROS, P. C.
ATTORNEYS AT LAW
1675 BROADWAY,SUITE 2100
DENVER,COLORADO 80202
TELEPHONE:13031 592-4380
TELECOPIER:(303)592-4385
MARYANN M.MCGEADY SPECIAL COUNSEL
DARLENE SISNEROS
KENNETH M.KOPROWICZ
MARY JO DOUGHERTY RITA M.CONNERLY
JACQUELINE CICCIO
MEGAN BECHER
November 29, 2001
VIA CERTIFIED MAIL
RETURN RECEIPT REQUESTED
Board of County Commissioners
Weld County, Colorado
P. O. Box 758
Greeley CO 80632
Re: Vista Ridge Metropolitan District
Dear Sir or Madam:
Enclosed is a copy of the Board of Canvassers Certificate of Election Results for the Election
held Tuesday, November 6, 2001, for the captioned District.
If you have any questions or concerns regarding this matter, please feel free to contact me.
Very truly yours,
McGEADY SISNEROS, P.C.
Jeff Jennings
Legal Assistant
JJ
Enclosure
W:\Clients\586 Vista Ridge\Organize\Ltr Bd County Comm Cert Electwpd
LL/
O1 iL 1-e-' c 2001-3340
OS� Ol
BOARD OF CANVASSERS CERTIFICATE OF ELECTION RESULTS
FOR THE ORGANIZATIONAL ELECTION
HELD NOVEMBER 6, 2001
1-11-103 and 32-1-104(1), C.R.S.
Vista Ridge Metropolitan District, Weld County, Colorado
Each of the undersigned members of the board of canvassers of the Vista Ridge Metropolitan District
certifies that the following is a true and correct statement of the results of the Mail Ballot Election for the
above-named District, at which time the eligible electors of the District voted as indicated on the attached
Judge's Certificate of Election Returns, and as a result of which the eligible electors elected to office the
following Directors:
For Against
Ballot Issue 5A: 2--
Ballot Issue 5B: 1 0
Ballot Issue 5C: I 0 2,
BallotIssue 5D: ) ° Z
Ballot Issue 5E: 1 0 2-
Ballot Issue 5F: / 0 C-
(Signedk_ V .tip
Des` e n ftc.
� 1n• McGeAcly
(Signed A.,� L3Nec,t � S
Canvass Contact Pers n for District
(Signed) �:�— ---- 1675 Broadway, Suite 2100
Canvasser Denver, CO 80202
i
Business Address
303-592-4380
Telephone Number
Prepare and deliver a Certificate of Election to those candidates receiving the highest number of votes.
Deposit one copy with the Clerk and Recorder of each county in which the special district is located. This
must be available for public inspection in the office of the Designated Election Official.
Send one copy to: Division of Local Government
1313 Sherman Street, Room 521
Denver, CO 80203
Provide a list of all current directors to the division, including addresses, within 45 days after the
election.
No.
No.
OFFICIAL BALLOT FOR VISTA RIDGE METROPOLITAN DISTRICT
NOVEMBER 6,2001
.. - + N
Facsimile i_': ur o signate Election Offi 1
WARNING
Any person who,by use of force or other means.unduly influences an eligible elector to vote in any particular manner or to refrain from
voting,or who falsely makes.altars. forges,or counterfeits any mail ballot before or after it has been cast,or who destroys,defaces,
mutilates,or tampers with a ballot is subject,upon conviction.to imprisonment,or to a tine,or both.
I-7.5-107(3)(b)CRS
This may not be your only ballot.Other elections may be held by other political subdivisions by mail or by polling place. Refer to the ballot
instructions for complete information on voting. Review your ballot. Be sure you have voted on every office and issue.
BAL OT ISSUE 5A , \ I
SIT VIS - • ' \AGE METROPOLITAN DIS17RICT DEBT BE INCREASED`
V54,600,000 000 WITH\ A REPAYME T COST QF $23,200,00 AND LL
r--DIS` RIC-T--,TAXES2BE-LINCR ASED. $23,200,000 AN fU'. T {Y;--, e
TAXES BEING IN ADDITION TO ANY OTHER TAXES WHICH MAY BE
IMPOSED BY VISTA RIDGE METROPOLITAN DISTRICT, (SUCH TAX
INCREASE OF $23,200,000 TO BE COLLECTED NOTWITHSTANDING
ANY PROPERTY TAX CUT SPECIFIED BY ARTICLE X, SECTION 20 OF
THE COLORADO CONSTITUTION, AS IT CURRENTLY EXISTS OR IS
HEREAFTER AMENDED, OR ANY OTHER CONSTITUTIONALLY
IMPOSED TAX CUTS), FOR THE PURPOSE OF FINANCING STREET
IMPROVEMENTS FOR THE DISTRICT INCLUDING, BUT NOT LIMITED
TO, THE ACQUISITION, CONSTRUCTION, INSTALLATION, AND
COMPLETION OF A SYSTEM OF STREET IMPROVEMENTS AND
DRAINAGE FACILITIES WHICH MAY INCLUDE ARTERIAL,
COLLECTOR, AND LOCAL ROADS, CURBS, GUTTERS, CULVERTS,
DRAINAGE FACILITIES, SIDEWALKS, BRIDGES, OVERPASSES, BIKE
PATHS, AND PEDESTRIAN WAYS, MEDIAN ISLANDS, PAVING,
LIGHTING, GRADING, IRRIGATION, LANDSCAPING, STREETSCAPE
AND ENTRY WAYS, PARKING LOTS AND STRUCTURES AND TRAFFIC
AND SAFETY CONTROLS AND DEVICES ON STREETS AND HIGHWAYS
WHICH MAY INCLUDE SIGNALIZATION, SIGNING, AND STRIPING,
AND ALL OTHER NECESSARY, INCIDENTAL, APPURTENANT, AND
CONVENIENT FACILITIES AND EQUIPMENT, LAND AND PROPERTY
RIGHTS, TOGETHER WITH EXTENSIONS OF AND IMPROVEMENTS TO
SUCH SYSTEM, WITHIN AND WITHOUT THE BOUNDARIES OF THE
DISTRICT, WHICH INCREASE WOULD RESULT IN, INCLUDING THAT
AMOUNT PREVIOUSLY APPROVED BY THE VOTERS IN THE 2000
ELECTION, TOTAL AUTHORIZED DISTRICT DEBT OF $20,515,000 FOR
SUCH PURPOSES (AND TOTAL REPAYMENT COST OF $118,987,000); OR
TO REFUND (AT A LOWER OR HIGHER INTEREST RATE) DEBT ISSUED
FOR SUCH PURPOSES; AND SHALL THE MILL LEVY BE INCREASED IN
ANY YEAR WITHOUT LIMITATION AS TO RATE BUT ONLY IN AN
AMOUNT SUFFICIENT TO PAY THE PRINCIPAL OF AND PREMIUM, IF
ANY, AND INTEREST ON SUCH DEBT OR ANY REFUNDING DEBT
WHEN DUE OR TO CREATE A RESERVE FOR SUCH PAYMENT; SUCH
DEBT TO BE EVIDENCED BY BONDS, NOTES, CONTRACTS, LOAN
AGREEMENTS OR OTHER FORMS OF INDEBTEDNESS BEARING
INTEREST AT A MAXIMUM NET EFFECTIVE INTEREST RATE NOT TO
EXCEED 12%; SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE, ON
TERMS AND CONDITIONS AS THE BOARD OF DIRECTORS OF THE
DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR THE SALE
OF THE BONDS AT A PRICE ABOVE OR BELOW PAR AND FOR
REDEMPTION OR PREPAYMENT PRIOR TO MATURITY WITH OR
WITHOUT PAYMENT OF THE PREMIUM; AND SHALL THE EARNINGS
FROM THE INVESTMENT-OF THE PROCEEDS-OF SUCI- $EBT A t;--
(RETENUES E
\COLLECTED ANDS ENT, WITHOUT _,IMITATIO OR
t CONDITION AS\ A VOTEI�APPRO\ED REVENUE CHANGE ER,'
ARTICLE X,,SECTION 201OE THE/COLORADO CONSTITUTION OR'
OTR Ur? \ I i 1 ,
YES
NO
BALLOT ISSUE 5B:
SHALL VISTA RIDGE METROPOLITAN DISTRICT DEBT BE INCREASED
$6,000,000 WITH A REPAYMENT COST OF $34,800,000 AND SHALL
DISTRICT TAXES BE INCREASED $34,800,000 ANNUALLY, SUCH
TAXES BEING IN ADDITION TO ANY OTHER TAXES WHICH MAY BE
IMPOSED BY VISTA RIDGE METROPOLITAN DISTRICT, (SUCH TAX
INCREASE OF $34,800,000 TO BE COLLECTED NOTWITHSTANDING
ANY PROPERTY TAX CUT SPECIFIED BY ARTICLE X, SECTION 20 OF
THE COLORADO CONSTITUTION, AS IT CURRENTLY EXISTS OR IS
HEREAFTER AMENDED, OR ANY OTHER CONSTITUTIONALLY
IMPOSED TAX CUTS) FOR THE PURPOSE OF FINANCING PARK AND
RECREATION IMPROVEMENTS FOR THE DISTRICT INCLUDING, BUT
NOT LIMITED TO, THE ACQUISITION, CONSTRUCTION,
INSTALLATION AND COMPLETION OF BIKE PATHS, EQUINE AND
PEDESTRIAN TRAILS, TOT LOTS, OPEN SPACE, LANDSCAPING,
COMMUNITY PARKS, NEIGHBORHOOD PARKS, CULTURAL
ACTIVITIES, COMMUNITY RECREATION CENTERS, WATER BODIES,
IRRIGATION FACILITIES, AND OTHER ACTIVE AND PASSIVE
2
RECREATION FACILITIES AND PROGRAMS, AND ALL OTHER
NECESSARY, INCIDENTAL, APPURTENANT, AND CONVENIENT
FACILITIES AND EQUIPMENT, LAND AND PROPERTY RIGHTS,
TOGETHER WITH EXTENSIONS OF AND IMPROVEMENTS TO SUCH
FACILITIES, WITHIN AND WITHOUT THE BOUNDARIES OF THE
DISTRICT, WHICH INCREASE WOULD RESULT IN, INCLUDING THAT
AMOUNT PREVIOUSLY APPROVED BY THE VOTERS IN THE 2000
ELECTION, TOTAL AUTHORIZED DISTRICT DEBT OF $10,185,000 FOR
SUCH PURPOSES (AND TOTAL REPAYMENT COST OF $59,073,000); OR
TO REFUND (AT A LOWER OR HIGHER INTEREST RATE) DEBT ISSUED
FOR SUCH PURPOSES; AND SHALL THE MILL LEVY BE INCREASED IN
ANY YEAR WITHOUT LIMITATION AS TO RATE BUT ONLY IN AN
AMOUNT SUFFICIENT TO PAY THE PRINCIPAL OF AND PREMIUM, IF
ANY, AND INTEREST ON SUCH DEBT OR ANY REFUNDING DEBT
WHEN DUE OR TO CREATE A RESERVE FOR SUCH PAYMENT; SUCH
DEBT TO BE EVIDENCED BY BONDS, NOTES, CONTRACTS, LOAN
AGREEMENTS OR OTHER FORMS OF INDEBTEDNESS BEARING
4INTEREST ATE'A MAXIMUM NET EFFECTIVE INTEREST-=RATE NOT-11
(EXCEED 12°% SUCH DEBT\TO BE SOLD IN ONE SERIES OR MORE ON
N TE M' S AND' CONDITIONS"AS TYIE ''BOARD 9F2DIRRCTORS OF THEE
DISTRICT MAY DETERMINE';, INCLUDING PROVISIONS FOR SALE-OF'
THE BONDS AT PRICE ABOVE\OR BELOW PEAR AND FOR REDEMP ION
r QR,4R$P_QYMENT ,PRIOR ` TO :MATURITY WITH: -ORs'WLT I
PAYMENT OF THE PREMIUM; AND SHALL THE EARNINGS FROM THE
INVESTMENT OF THE PROCEEDS OF SUCH DEBT AND TAX REVENUES
BE COLLECTED AND SPENT WITHOUT LIMITATION OR CONDITION,
AS A VOTER-APPROVED REVENUE CHANGE UNDER ARTICLE X,
SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER
LAW?
YES
NO
BALLOT ISSUE 5C:
SHALL VISTA RIDGE METROPOLITAN DISTRICT DEBT BE INCREASED
$500,000 WITH A REPAYMENT COST OF $2,900,000 AND SHALL
DISTRICT TAXES BE INCREASED $2,900,000 ANNUALLY, SUCH TAXES
BEING IN ADDITION TO ANY OTHER TAXES WHICH MAY BE IMPOSED
BY VISTA RIDGE METROPOLITAN DISTRICT, (SUCH TAX INCREASE
OF $2,900,000 TO BE COLLECTED NOTWITHSTANDING ANY PROPERTY
TAX CUT SPECIFIED BY ARTICLE X, SECTION 20 OF THE COLORADO
CONSTITUTION, AS IT CURRENTLY EXISTS OR IS HEREAFTER
AMENDED, OR ANY OTHER CONSTITUTIONALLY IMPOSED TAX
CUTS) FOR THE PURPOSE OF FINANCING SANITARY SEWER
3
IMPROVEMENTS FOR THE DISTRICT INCLUDING, BUT NOT LIMITED
TO, THE ACQUISITION, CONSTRUCTION, INSTALLATION, AND
COMPLETION OF A LOCAL SANITARY SEWAGE TREATMENT,
COLLECTION AND TRANSMISSION SYSTEM WHICH MAY INCLUDE
TREATMENT FACILITIES, LIFT STATIONS, FORCE MAINS,
COLLECTION MAINS AND LATERALS, TRANSMISSION LINES, AND
STORM SEWER, FLOOD AND SURFACE DRAINAGE FACILITIES,
DETENTION OR RETENTION PONDS, AND ASSOCIATED IRRIGATION
FACILITIES, AND ALL OTHER NECESSARY, INCIDENTAL,
APPURTENANT, AND CONVENIENT FACILITIES AND EQUIPMENT,
LAND AND PROPERTY RIGHTS, TOGETHER WITH EXTENSIONS OF
AND IMPROVEMENTS TO SUCH SYSTEM, WITHIN AND WITHOUT THE
BOUNDARIES OF THE DISTRICT, WHICH INCREASE WOULD RESULT
IN, INCLUDING THAT AMOUNT PREVIOUSLY APPROVED BY THE
VOTERS IN THE 2000 ELECTION, TOTAL AUTHORIZED DISTRICT DEBT
OF $4,845,000 FOR SUCH PURPOSES (AND TOTAL REPAYMENT COST
OF $28,101,000); OR TO REFUND (AT A LOWER OR HIGHER INTEREST
--RATE) DEBT ISSUED-FOR SUCH PURPOSES;;-AND-Ski--ALL TI-1 ---MIL--L--7
cLEI' BE INCREASED ICI\ANY YEAR WITHOUT, LIMITATION A TO
TE BUT ONLY,IN AN AMOUNT/SUFFICIENT TO PAY THE PRINCIPAL
OE 4-ND PREMIUM, IF ANY,'AND INTERESTrOK SUCH DEBT OR ANY
� �RE ' II)I'G DEBT WHEN DUE OR TO CREATE A RESERVE FOR SUCH .
-YBA IENT;, SUCH `DEBT TQ/BE :EVIDENCED BY _EONDS; NOTE:Sif
CONTRACTS, LOAN AGREEMENTS OR OTHER FORMS OF
INDEBTEDNESS BEARING INTEREST AT A MAXIMUM NET EFFECTIVE
INTEREST RATE NOT TO EXCEED 12%; SUCH DEBT TO BE SOLD IN
ONE SERIES OR MORE, ON TERMS AND CONDITIONS AS THE BOARD
OF DIRECTORS OF THE DISTRICT MAY DETERMINE, NCLUDNG
PROVISIONS FOR SALE OF THE BONDS AT PRICE ABOVE OR BELOW
PAR AND FOR REDEMPTION OR PREPAYMENT PRIOR TO MATURITY
WITH OR WITHOUT PAYMENT OF THE PREMIUM; AND SHALL THE
EARNINGS FROM THE INVESTMENT OF THE PROCEEDS OF SUCH
DEBT AND TAX REVENUES BE COLLECTED AND SPENT WITHOUT
LIMITATION OR CONDITION, AS A VOTER-APPROVED REVENUE
CHANGE UNDER ARTICLE X, SECTION 20 OF THE COLORADO
CONSTITUTION OR ANY OTHER LAW?
YES
NO
BALLOT ISSUE 5D:
SHALL VISTA RIDGE METROPOLITAN DISTRICT DEBT BE INCREASED
$620,000 WITH A REPAYMENT COST OF $3,596,000 AND SHALL
DISTRICT TAXES BE INCREASED $3,596,000 ANNUALLY, SUCH TAXES
4
BEING IN ADDITION TO ANY OTHER TAXES WHICH MAY BE IMPOSED
BY VISTA RIDGE METROPOLITAN DISTRICT, (SUCH TAX INCREASE
OF $3,596,000 TO BE COLLECTED NOTWITHSTANDING ANY PROPERTY
TAX CUT SPECIFIED BY ARTICLE X, SECTION 20 OF THE COLORADO
CONSTITUTION, AS IT CURRENTLY EXISTS OR IS HEREAFTER
AMENDED, OR ANY OTHER CONSTITUTIONALLY IMPOSED TAX
CUTS) FOR THE PURPOSE OF FINANCING WATER IMPROVEMENTS
FOR THE DISTRICT INCLUDING BUT NOT LIMITED TO, THE
ACQUISITION, CONSTRUCTION, INSTALLATION AND COMPLETION
OF A COMPLETE POTABLE AND NONPOTABLE LOCAL WATER
TREATMENT, SUPPLY, STORAGE, TRANSMISSION, AND
DISTRIBUTION SYSTEM WHICH MAY INCLUDE TREATMENT
FACILITIES, WELLS, WATER RIGHTS, TRANSMISSION LINES,
DISTRIBUTION MAINS AND LATERALS, IRRIGATION FACILITIES,
PUMPING FACILITIES, RESERVOIRS, AND OTHER STORAGE
FACILITIES, AND ALL OTHER NECESSARY, INCIDENTAL,
APPURTENANT, AND CONVENIENT FACILITIES AND EQUIPMENT,
LAND AND PROPERTY-RIGHTS, TOGETHER WITH- TENSI
-Y.(itiNbl IMPROVEMENTS TQ'SUCH SYSTEM, WITHIN OR WITHOUT THE "
OUNDARIES Of THE DISTRICT/ WHICH INCREASE' WOULD RESULT
IN I CLUDING AMOUNT PREVIOUSLY
THAT Y APPROVED BY TFIE';
VOTERS IN THE 2000 ELECTIOI,i, TOTAL AUTHORIZEDIDISTRICT DEBT VOTERS
0 FOR.‘SUCH--PURPOSES TOTAL,REPAYi4Y) SN.T
OF $25,839,000); OR TO REFUND (AT A LOWER OR HIGHER INTEREST
RATE) DEBT ISSUED FOR SUCH PURPOSES; AND SHALL THE MILL
LEVY BE INCREASED IN ANY YEAR WITHOUT LIMITATION AS TO
RATE BUT ONLY IN AN AMOUNT SUFFICIENT TO PAY THE PRINCIPAL
OF AND PREMIUM, IF ANY, AND INTEREST ON SUCH DEBT OR ANY
REFUNDING DEBT WHEN DUE OR TO CREATE A RESERVE FOR SUCH
PAYMENT; SUCH DEBT TO BE EVIDENCED BY BONDS, NOTES,
CONTRACTS, LOAN AGREEMENTS OR OTHER FORMS OF
INDEBTEDNESS BEARING INTEREST AT A MAXIMUM NET EFFECTIVE
INTEREST RATE NOT TO EXCEED 12%; SUCH DEBT TO BE SOLD IN
ONE SERIES OR MORE, ON TERMS AND CONDITIONS AS THE BOARD
OF DIRECTORS OF THE DISTRICT MAY DETERMINE, INCLUDING
PROVISIONS FOR SALE OF THE BONDS AT PRICE ABOVE OR BELOW
PAR AND FOR REDEMPTION OR PREPAYMENT PRIOR TO MATURITY
WITH OR WITHOUT PAYMENT OF THE PREMIUM; AND SHALL THE
EARNINGS FROM THE INVESTMENT OF THE PROCEEDS OF SUCH
DEBT AND TAX REVENUES BE COLLECTED AND SPENT WITHOUT
LIMITATION OR CONDITION, AS A VOTER-APPROVED REVENUE
CHANGE UNDER ARTICLE X, SECTION 20 OF THE COLORADO
CONSTITUTION OR ANY OTHER LAW?
YES
NO
5
BALLOT ISSUE 5E:
SHALL VISTA RIDGE METROPOLITAN DISTRICT DEBT BE INCREASED
$4,985,000, WITH A REPAYMENT COST OF $28,913,000 AND SHALL
DISTRICT TAXES BE INCREASED $28,913,000 ANNUALLY, SUCH
TAXES BEING IN ADDITION TO ANY OTHER TAXES WHICH MAY BE
IMPOSED BY VISTA RIDGE METROPOLITAN DISTRICT, (SUCH TAX
INCREASE OF $28,913,000 TO BE COLLECTED NOTWITHSTANDING
ANY PROPERTY TAX CUT SPECIFIED BY ARTICLE X, SECTION 20 OF
THE COLORADO CONSTITUTION, AS IT CURRENTLY EXISTS OR IS
HEREAFTER AMENDED, OR ANY OTHER CONSTITUTIONALLY
IMPOSED TAX CUTS) FOR THE PURPOSE OF REFUNDING, PAYING, OR
DEFEASING, IN WHOLE OR IN PART, BONDS, NOTES, CONTRACTS OR
OTHER FINANCIAL OBLIGATIONS OF THE DISTRICT, WHICH
INCREASE WOULD RESULT IN, INCLUDING THAT AMOUNT
PREVIOUSLY APPROVED BY THE VOTERS IN THE 2000 ELECTION,
TOTAL AUTHORIZED DISTRICT DEBT OF 540,000,000 FOR SUCH
>PL3R ,?OSES (AND TOTS,\REPAYMENT-COST OF-$232 000,00&)• LfEt -
(SHAILL THE MILL LEVY',BE INCREASED' IN ANY YEAR WITHOUT �
LI(VIITATION'AS\TO RATE.BUT ONLY IN AN AMOUNT'SUFFICIENT TOOK
'PAY\�THE PRINCIPAL OF AND PREMIUM, IF Al , ANTI) INTERES `
SU BORRSIAIGH PAYUMNEDI`7T SU ING DEBT WHEN DUE O TO CREA E A
,-..,RE ' CH DEBT TO .BE DENCED-B-Ff
BONDS, NOTES, CONTRACTS, LOAN AGREEMENTS OR OTHER FORMS
OF INDEBTEDNESS BEARING INTEREST AT A MAXIMUM NET
EFFECTIVE INTEREST RATE NOT TO EXCEED 12%; SUCH DEBT TO BE
SOLD IN ONE SERIES OR MORE, ON TERMS AND CONDITIONS AS THE
BOARD OF DIRECTORS OF THE DISTRICT MAY DETERMINE,
INCLUDING PROVISIONS FOR SALE OF THE BONDS AT A PRICE
ABOVE OR BELOW PAR AND FOR REDEMPTION OR PREPAYMENT
PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF THE
PREMIUM; AND SHALL THE EARNINGS FROM THE INVESTMENT OF
THE PROCEEDS OF SUCH DEBT AND TAX REVENUES BE COLLECTED
AND SPENT WITHOUT LIMITATION OR CONDITION, AS A VOTER-
APPROVED REVENUE CHANGE UNDER ARTICLE X, SECTION 20 OF
THE COLORADO CONSTITUTION OR ANY OTHER LAW?
YES
NO
BALLOT ISSUE 5F:
SHALL VISTA RIDGE METROPOLITAN DISTRICT DEBT BE INCREASED
$4,985,000, WITH A REPAYMENT COST OF NOT TO EXCEED $28,913,000;
6
AND SHALL VISTA RIDGE METROPOLITAN DISTRICT TAXES BE
INCREASED $28,913,000 ANNUALLY, SUCH TAXES BEING IN
ADDITION TO ANY OTHER TAXES WHICH MAY BE IMPOSED BY
VISTA RIDGE METROPOLITAN DISTRICT, (SUCH TAX INCREASE OF
$28,913,000 TO BE COLLECTED NOTWITHSTANDING ANY PROPERTY
TAX CUT SPECIFIED BY ARTICLE X, SECTION 20 OF THE COLORADO
CONSTITUTION, AS IT CURRENTLY EXISTS OR IS HEREAFTER
AMENDED, OR ANY OTHER CONSTITUTIONALLY IMPOSED TAX
CUTS), OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE
NECESSARY TO PROVIDE FOR THE PAYMENT OF SUCH DISTRICT
DEBT; SUCH DEBT TO CONSIST OF A CONTRACT WITH ONE OR MORE
OTHER POLITICAL SUBDIVISIONS OF THE STATE, WHICH CONTRACT
WILL CONSTITUTE A MULTIPLE FISCAL YEAR FINANCIAL
OBLIGATION AND WHICH WILL OBLIGATE THE DISTRICT TO PAY
THE COSTS OF ACQUIRING, CONSTRUCTING, OR OTHERWISE
PROVIDING, AND THE COSTS OF OPERATING AND MAINTAINING,
CERTAIN WATER, STREET, TRAFFIC SAFETY, PARK AND
7FRECREATIONAAND S*NLTATION FACILITIES AND-IMPROVEMENTS;,, ..i
BALL` AS MAY/ IN BE PROVIDED IN SUCH CONTRACT; WHICH INCREASE
4 WOULD RESULT IN, INCLUDING THAT AMOUNT PREVIOUSLY
`APPROVE `vTHE VOfk THE 2006 ELECTION, TOTAL'
\ AUITI,ORIgD_D DISTRICT DEBT OF $40,000{000 FOR SUCH PURPOSES ii
f-'>( .-1)D TOTAL REPAYMENT /COST QF. $232,000,000 ,:S J I-L
BEARING INTEREST AT A MAXIMUM NET EFFECTIVE INTEREST RATE
NOT TO EXCEED 12%; SUCH TAXES TO CONSIST OF AN AD VALOREM
MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE AND IN
AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET
FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY,
OR TO BE IMPOSED WITH SUCH LIMITATIONS AS MAY BE
DETERMINED BY THE DISTRICT, TO BE USED SOLELY FOR THE
PURPOSE OF PAYING THE FINANCIAL OBLIGATIONS INCURRED
PURSUANT TO THE CONTRACT; AND SHALL ANY PROCEEDS OF
SUCH CONTRACT AND THE PROCEEDS OF SUCH TAXES, AND
INVESTMENT INCOME THEREON, CONSTITUTE VOTER-APPROVED
REVENUE CHANGES AND BE COLLECTED AND SPENT BY THE
DISTRICT WITHOUT REGARD TO ANY EXPENDITURE, REVENUE-
RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X,
SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER
LAW?
YES
NO
7
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