HomeMy WebLinkAbout20003226.tiff WHITE AND ASSOCIATES / �t l
GARY R.WHITE PROFESSIONAL CORPORATION EMPHASIZING SPEC AL
KRISTEN D.BEAR ATTORNEYS AT LAW DISTRICT REPRESENTATII•N,
GEORGE M. ROWLEY MUNICIPAL, LAND USE AND
TODD W.WALLACE 8005 S. CHESTER STREET, SUITE 125 ANNEXATION LAW. AND
K. SEAN ALLEN ENGLEWOOD, COLORADO 80112-3524 DEVELOPMENT FINANCING
MATTHEW C. CLAWSON TELEPHONE (303) 858-1800
ALYSSE A. EMERY FACSIMILE (303) 858-1801
FIRM@GW HITEANDASSOCIATES.COM
December 8, 2000
J.A. Suki Tsukamato
Weld County Clerk &Recorder
1402 N. Seventeenth Avenue
Greeley, CO 80632
Re: Creekside Metropolitan District Nos. 1-5
Dear Ms. Tsukamato:
Our office serves as general counsel to the aforementioned Districts (which were recently
organized pursuant to the Special District Act, Section 32-1-101 et seq., C.R.S.). In accordance
with Section 32-1-306, C.R.S., we are enclosing a copy of the Consolidated Service Plan for said
Districts. This Service Plan is to be retained by your office as a public record for public
inspection.
Also enclosed is a certified copy of the Order & Decree of the District Court organizing
the Districts (together with a description of the area concerned). Please record this material in
accordance with Section 32-1-306 and Section 32-1-105, C.R.S. Enclosed as payment for the
recordation fee is a check in the amount of$150. Once recorded, please return the originals to
my attention in the enclosed self-addressed and stamped envelope.
As you are aware, Section 32-1-105, C.R.S. requires you to notify the County Assessor
when a special district has been organized. In addition, the same statute requires you to file a
copy of that notice with the Division of Local Government.
Please contact our office with any questions. We appreciate your assistance in these
matters.
Sincerely,
WHITE AND ASSOCIATES
Prosional Corporatign
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Weld County Assessor's Office (w/Map and Order and Decree) 2000-3226
CSMDALTRSVGMR 1330120600
0568 0002
SO ODP7
CONSOLIDATED
SERVICE PLAN
FOR
CREEKSIDE METROPOLITAN DISTRICT NOS. 1, 2, 3, 4 AND 5
September 18, 2000
•
I. INTRODUCTION 1
A. General Overview 1
1. Multiple District Structure 2
2. Benefits of Multiple District Structure 3
a. Coordinated Services 3
b. Uniform Mill Levy 3
c. Bond Interest Rates 3
3. Configuration of Districts 4
4. Long-Term District Plan 4
5. Existing Services and Districts 5
6. Property Owner Associations 5
B. General Financial Information and Assumptions 5
C. Contents of Service Plan 6
D. Modification of Service Plan 7
II. NEED FOR NEW DISTRICTS AND GENERAL POWERS 7
A. Need for Metropolitan Districts 7
B. General Powers of Districts 7
1. Water 8
2. Streets 8
3. Traffic and Safety Controls 8
4. Television Relay and Translator 8
5. Transportation 8
6. Parks and Recreation 8
7. Sanitation 9
8. Mosquito and Pest Control 9
9. Legal Powers 9
10. Other 9
III. DESCRIPTION OF FACILITIES AND IMPROVEMENTS
A. General 10
B. General Design Standards 10
1. Water System 11
3. Streets 11_
4. Storm Drainage 11
C. Water System 11
1. General 11
2. Water Demand 11
3. Water Transmission 12
4. Water Storage 12
5. Water Distribution 12
6. Irrigation Water 12
D. Wastewater System 12
1. General 12
2. Wastewater Collection 13
E. Street System and Traffic System 13
1. General 13
2. Streets 13
3. Landscaping 13
4. Signals and Signage 13
5. Offsite Improvements 13
F. Storm Drainage 13
1. General 13
2. Swale and Channel Improvements 13
3. Culverts 14
4. Detention Storage 14
G. Park and Recreation 14
H. Transportation 14
I. Mosquito Control 14
J. Estimated Cost of Facilities 14
IV. DEVELOPMENT PROJECTIONS 15
V. PROPOSED AND EXISTING AGREEMENTS 15
A. Master Intergovernmental Agreement 15
B. Town IGA 15
C. Other Agreements/Authority 15
VI. OPERATION AND MAINTENANCE COSTS 15
VII. FINANCIAL PLAN 16
VIII. CONCLUSIONS 18
ii
LIST OF EXHIBITS,FIGURES AND TABLES
EXHIBIT A Legal Descriptions of Districts
EXHIBIT B Financing Plan
EXHIBIT C Statutory Contents of this Service Plan
FIGURE 1 Development Plan
FIGURE 2 Map of Districts
FIGURE 3 Potable Water System
FIGURE 4 Irrigation Water Distribution Plan
FIGURE 5 Sanitary Sewer Plan
FIGURE 6 Street Plan
FIGURE 7 Street Section
FIGURE 8 Storm Sewer Plan
FIGURE 9 Recreational Facilities
TABLE 1 Development Projections
TABLE 2 Total Cost Summary
I. INTRODUCTION
A. General Overview
This Service Plan ("Service Plan") for Creekside Metropolitan District Nos. 1-5 (herein
after"Districts"), is for five special districts proposed to be organized to serve the needs of a new
community to be known as "Creekside."
The proposed Districts are generally located on the south side of the Town of Severance.
The site will initially consist of approximately 38 acres divided into several development areas
planned for development of residential, recreational and commercial areas all within the
boundaries of the Town of Severance.
The primary purpose of the proposed Districts is to provide public improvements to be
dedicated to the Town of Severance ("Severance"), the North Weld Water District:or retained by
the Districts for the use and benefit of the Districts' inhabitants and taxpayers. Improvements to
be provided by the Districts shall include the types of facilities and improvements generally
described in Section IV, consisting of streets, drainage improvements, traffic and safety controls,
park and recreation facilities, water, sewer, television relay and translators and pest control as
needed for the area. Severance will maintain and operate the sanitary sewer, streets, drainage
improvements and certain parks and trails once the improvements have been constructed and
accepted by Severance. The District will maintain and operate certain greenbelts, parks and trail
as well as a non-potable irrigation water system.
It is hoped that the District structure set forth herein can serve as a method by which
development can occur in Severance in such a way as to eliminate economic risk to Severance,
provide economic benefits to property owners, and place the risk of development on property
developers.
The Financing Plan discussed herein has been designed to assure that at not time will
obligations of the Districts be in risk of default, nor will Severance ever have any legal
responsibility for any of the Districts' obligations. This Service Plan is designed to assure that
the risk of development remains with the developer until a sufficient tax base has been achieved
to pay the Districts' debt with reasonable mill levies. Debt service mill levies are proposed to be
capped, initial bond issues will be purchased by the developer, and public sale of the Districts'
obligations will not occur until the requirements of this Service Plan have been met.
This Service Plan has been prepared with sufficient flexibility to enable the Districts' to
provide required services and facilities under evolving circumstances to meet the needs of the
community. While the assumptions upon which this Service Plan are generally based are
reflective of the anticipated initial zoning for the property upon annexation to Severance, the cost
estimates and the Financing Plan are sufficiently flexible to enable the Districts to provide
necessary services and facilities without the need for repeated amendments to the Service Plan.
Modification of the proposed configuration of improvements, scheduling of construction of such
improvements, as well as the locations and dimensions of various facilities and improvements
shall be permitted to accommodate development needs consistent with zoning and future
development approvals for the property. The Districts shall not exercise any powers including
powers exercised pursuant to Section 31-23-209, C.R.S. to avoid meeting development
requirements, timing, or construction standards imposed on the property improvements by
Severance pursuant to the Annexation Agreement, zoning or subdivision approvals, or
subdivision improvements agreements.
Considerable public infrastructure will be constructed to provide the required water,
wastewater, streets and other improvements needed for the Creekside area. This Service Plan
addresses the improvements that will be provided by the special districts and demonstrates how
the districts will work cooperatively to provide the necessary public improvements. All Exhibits,
Tables and Figures referred to herein are attached to the end of this Service Plan in the
appendices.
1. Multiple District Structure. This Service Plan is submitted in accordance
with Part 2 of the Special District Act (§§ 32-1-201, et seq., C.R.S.) It defines the powers and
authorities of, as well as the limitations and restrictions on, Creekside Metropolitan District Nos.
1-5. Creekside Metropolitan District No. 1 shall be referred to as "the Service District," and
Creekside Metropolitan District Nos. 2-5 shall be referred to as "the Financing Districts." The
Service District and Financing Districts are sometimes collectively referred to as "the Districts."
The use of a consolidated Service Plan for the Districts assures proper coordination of the
powers and authorities of the independent Districts, and avoids confusion regarding the separate,
but coordinated, purposes of the Districts that could arise if separate service plans were used.
Unless otherwise specifically noted herein, general provisions of this Service Plan apply to all
Districts. Where possible, however, specific reference is made to an individual District to help
distinguish the powers and authorities of each District.
The "Financing Plan" discussed in Section VII refers to a preliminary financial plan for
the Districts which is intended to be read as a unified Financing Plan which may be used for
public improvements for Creekside.
The Service District is responsible for managing the construction and operation of
facilities and improvements needed for Creekside. The Financing Districts are responsible for
providing the funding and tax base needed to support the Financing Plan for capital
improvements. Various agreements have been and are expected to be executed by the Districts
clarifying the nature of the functions and services provided by each District. The agreements are
designed to help assure the orderly development of essential services and facilities resulting in a
community which will be both an aesthetic and economic asset to Severance. Additionally, an
intergovernmental agreement ("Town IGA") will be entered into between the Service District
and Severance setting forth how the two entities will work together to provide long term
operations and maintenance of all facilities, and how they work in tandem to streamline the
review and approval of each phase of development within Creekside. Nothing herein shall be
construed to imply any waiver of land use approval process of the Town.
The continued operation of Creekside Metropolitan District No. 1 as the Service District
which owns and operates the public facilities throughout Creekside, and the continued operation
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of Creekside Metropolitan District Nos. 2-5 as the Financing Districts that will generate the tax
revenue sufficient to pay the costs of the capital improvements and ongoing maintenance, creates
several benefits for the inhabitants of the community and Severance. In general, those benefits
are: (a) coordinated administration of construction and operation of public improvements, and
delivery of those improvements in a timely manner; (b) maintenance of reasonably uniform mill
levies and reasonable tax burdens on all residential and commercial areas of Creekside through
proper management of the financing and operation of public improvements; and (c) assured
compliance with state laws regarding taxation in a manner which permits the issuance of tax
exempt debt at the most favorable interest rates possible. Each of these concepts is addressed in
greater detail in the following paragraphs.
2. Benefits of Multiple District Structure.
a. Coordinated Services. Development of Creekside will proceed in several
phases, each of which requires the extension of public services and facilities. The multiple
district structure assures that the construction and operation of each phase of public facilities is
primarily administered by a single Board of Directors consistent with a long-term construction
and operations program. Use of the Service District as the entity responsible for construction of
each phase of improvements and for management of operations facilitates a well-planned
financing effort through all phases of construction and assists in assuring coordinated extension
of services.
The multiple district structure helps assure that facilities and services needed for future
build-out of Creekside will be provided when they are needed, and not sooner. This, in turn,
allows the full costs of public improvements to be allocated over the full build-out of Creekside
and helps avoid disproportionate cost burdens being imposed on the early phases of
development.
b. Uniform Mill Levy. Allocation of the responsibility for paying debt for
capital improvements will continue to be managed through development of a unified financing
plan for those improvements and through development of an integrated operating plan for long-
term operations and maintenance. Use of the Service District to manage these functions helps
assure that no area within Creekside becomes obligated for more than its share of the costs of
capital improvements and operations. Low-density areas will not bear a disproportionate burden
of debt and operating costs, nor will high valued areas bear disproportionate burdens.
Intergovernmental agreements between the Districts will assure that each District pays its
equitable share of infrastructure costs.
c. Bond Interest Rates. Some have asserted that Colorado law may require
that before the Financing Districts may raise mill levies or increase other revenues to pay debt
service on bonds, they must fully exhaust their operating revenue. This has the potential result of
rendering a district operationally bankrupt before it can raise mill levies for payment of debt
service. This requirement, if ultimately upheld by the Colorado courts, adversely affects the
ability of a district to issue bonds at attractive rates since the bond markets may dictate
unreasonably high interest rates in a single district structure to compensate for this risk.
Separation of the financing and service functions of the Districts will help eliminate this
3
problem. Consequently, the multiple district structure is less risky and will allow bonds to be
issued to finance public improvements at lower rates than if a single special district is organized.
3. Configuration of Districts. In order to implement the multiple district
structure, the boundaries of the Service District and Financing Districts need to be carefully
configured. The Service District contains approximately .03 acres, and the Financing Districts
will contain the remainder of the property within Creekside.
The "service area" (the area legally permitted to be served) for the Service District will
consist of the entire Creekside community, including any property included into the Financing
Districts' boundaries at a later date. The Service District has the power to impose taxes only
within its legal boundaries, but is permitted to provide public services to the entire community as
well as to property or individuals outside of Creekside. The Financing Districts have the power
to assess taxes and other charges permitted by law.
It is currently anticipated that no residential units will be located within the Service
District, and that at build-out, the Service District will include only commercial areas. The
Financing Districts will contain all residential properties within Creekside, initially expected to
consist of approximately 78 units. The initial population of Creekside will be approximately 180
persons, and the projected total valuation is approximately$10,960,00.
Currently, the developer of the project holds interest in one of several parcels, the
aggregate of which will ultimately comprise the overall area of Creekside. The boundaries of the
Districts will initially include that property identified on Exhibit A. Additional parcels of
property are anticipated to be included into one or more of the Districts as they are acquired by
the developer. The improvements, which are described in this Service Plan, are necessary and
applicable only for the initial phase of Creekside. A map and legal description setting forth the
initial boundaries of the Districts are provided in Figure 2 and Exhibit A, respectively. However,
as additional property is included into the Districts, any additional improvements needed to serve
the Districts are permitted under this Service Plan.
Under Colorado law, the fee owner or owners of one hundred percent of any property
proposed for inclusion may petition the Board of Directors of the Districts for inclusion, or
annexation, of property into the boundaries of the Districts. Additionally, less than one hundred
percent of the owners of an area may petition the Districts for inclusion, or the board may adopt
a resolution calling for an election on inclusion of the property. The Board of Directors will
have discretion to permit inclusions without amending this Service Plan. Such inclusions shall
not constitute a material modification of this Service Plan so long as the inclusions have been
approved by the Town.
4. Long-Term District Plan. After all bonds or other debt instruments have
been issued by the Districts, and adequate provision has been made for payment of all debt of the
Districts, the electorate of the Districts will have the opportunity to consider either the
consolidation of the Service District and Financing Districts into a single entity, or the
dissolution of the Service District and/or Financing Districts in accordance with state law_ The
Service District and Financing Districts will consider consolidation and/or dissolution at the time
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each District's debt has been paid and adequate provision has been made for operation of all the
Service District facilities. Ultimately, control of these decisions will rest with the electorate in
each District. Consolidation or dissolution of any of the Districts shall require approval of the
Town.
5. Existing Services and Districts. There are currently no other entities in
existence in the Creekside area which have the ability and/or desire to undertake the design,
financing and construction of improvements needed for the community. It is also the developer's
understanding that Severance does not consider it feasible or practicable to provide the necessary
services and facilities for Creekside. Consequently, use of the new Districts is deemed necessary
for the provision of public improvements in Creekside.
In order to minimize the proliferation of new governmental structures and personnel, the
Service District intends to utilize existing entities as much as possible for operations and
maintenance of public improvements. Operations and maintenance of roadways, drainage
facilities, parks, trails and sewer improvements will be the responsibility of Severance after
completed improvements are conveyed to Severance by the Service District. The timing for
conveyance of improvements to Severance will be developed by mutual agreement between the
Service District and Severance.
It is possible that other key operations and maintenance services may be provided by
other entities by appropriate agreements with the Service District. Consequently, while the
Service District and Financing Districts exist to finance capital improvements and coordinate the
provision of services, they are expected to utilize existing entities and personnel as much as
possible.
6. Property Owner Associations. Certain services will be provided within
Creekside by property owner associations expected to be organized as Colorado non-profit,
private membership organizations comprised of all property owners in Creekside. The
associations are expected to provide architectural control services, community organizations,
community events and activities, community marketing, animal control, security, common area
maintenance, and other programs that may be beyond the scope of the Districts.
B. General Financial Information and Assumptions.
The 1999 certified assessed valuation of all taxable property within the boundaries of
Creekside was approximately$15,790.00.
The anticipated cost of improvements necessary to provide access to and appropriate
services within the initial phase of Creekside are estimated in Table 2 in the appendices. When
additional property is included within the Districts the Districts will have full authorization to
finance and construct the improvements necessary to serve the entirety of Creekside. The
Districts may obtain financing for the capital improvements needed for Creekside through the
issuance of general obligation bonds or other debt instruments by the Financing Districts and
from revenue bonds and other instruments issued by the Service District. General obligation
debt will be payable from revenues derived from ad valorem property taxes and from other
5
sources. It is currently anticipated that significant credit enhancement and security for debt
issued by the Service District will be provided by the developer. The Financing Districts will
issue general obligation debt after determination that the assessed valuation is sufficient to pay
debt service with reasonable mill levies, thereby reducing risk to property owners. The
preliminary financial forecasts for the Districts are contained in Exhibit B to this Service Plan.
This "Financing Plan" demonstrates one method that might be used by the Districts to finance
the cost of infrastructure. At the time bonds or other debt instruments are proposed to be issued,
alternative financing plans may be employed and be utilized by the Districts.
Due to the credit enhancement and other support expected to be received from the
developer, the Financing Plan demonstrates that the cost of infrastructure described herein can
continue to be provided with reasonable mill levies. The figures contained herein depicting costs
of infrastructure and operations will not constitute legal limits on the financial powers of the
Districts; provided, however, that the Districts shall not be permitted to issue bonds which are
not in compliance with the bond registration and issuance requirements of Colorado law or this
Service Plan unless approved by Severance. At such time as Severance approves inclusions of
property into the Districts the Districts shall be allowed to update the Service Plan by revising
the financing plan to account for the additional costs, revenues and debt. The revised financing
plan shall be appended to the Service Plan and become a part thereof.
The financial structure contemplated in the Financing Plan demonstrates that the risks
associated with development of Creekside will be borne initially by the developer of the project.
Due to the nature of liabilities associated with issuance of revenue bonds, the risk of
development will continue to rest with the developers until such time as the Financing Districts
have the ability to issue general obligation debt. At such time as general obligation debt is
issued, the responsibility for payment of the costs of infrastructure needed for Creekside will be
shifted, incrementally, to the Financing Districts. General obligation debt issued by the
Financing Districts will limit the responsibility for repayment of such debt to the Financing
Districts. In this manner, Severance can continue to be assured that the risks of development and
the responsibility for repayment of debt issued for Creekside will be borne solely by the residents
and property owners of Creekside, and will not become the responsibility, in any degree, of
Severance. Additionally, Severance can be assured that mill levies paid by Creekside residents
cannot exceed acceptable levels.
C. Contents of Service Plan
This Service Plan consists of a preliminary financial analysis and preliminary engineering
plan showing how the facilities and services for Creekside can continue to be provided and
financed by the Districts. Numerous items are included in this Service Plan in order to satisfy
the requirements of law for formation of special districts. Those items are listed in Exhibit C
attached hereto. Each of the requirements of law are satisfied by this Service Plan.
The assumptions contained within this Service Plan were derived from a variety of
sources. Information regarding the present status of property within the Districts, as well as the
current status and projected future level of similar services, was obtained from the developer.
Construction cost estimates were assembled by the developer and Northern Engineering
6
Services, Inc., which has experience in the costing and construction of similar facilities. Legal
advice in the preparation of this Service Plan was provided by the law firm of White and
Associates Professional Corporation which represents numerous special districts. The Financing
Plan was prepared by J.W. Simmons and Associates.
D. Modification of Service Plan
This Service Plan has been designed with sufficient flexibility to enable the Districts to
provide required services and facilities for Creekside under evolving circumstances without the
need for numerous amendments. While the assumptions upon which this Service Plan are
generally based are reflective of current zoning for the property within Creekside, the cost
estimates and Financing Plan are sufficiently flexible to enable the Districts to provide necessary
services and facilities without the need to amend this Service Plan as zoning changes.
Modification of the general types of services and facilities, and changes in proposed
configurations, locations, or dimensions of various facilities and improvements shall be
permitted to accommodate development needs consistent with then-current zoning for the
property. As additional property is included into the Districts, any additional improvements
needed to serve the Districts will be permitted under this Service Plan.
II. NEED FOR NEW DISTRICTS AND GENERAL POWERS
A. Need for Metropolitan Districts
The property in Creekside is currently undeveloped. No other entities exist which will
finance the construction of the facilities needed for Creekside. Operation and maintenance of
some facilities will be assumed by Severance in the future. The IGA referred to in Section V
hereof will address and define the activities to be undertaken by various entities, including
Severance, with regard to public improvements.
B. General Powers of Districts
Each District will continue to have power and authority to provide the services and
facilities described in this Service Plan both within and outside their boundaries in accordance
with the law as provided herein; provided however, the District may not provide service or
facilties outside of their boundaries without the prior approval of the Town. The powers and
authorities of each District will be allocated and further refined in a "Master" IGA between the
Districts. For purposes of the Control Act, the IGA shall not constitute an amendment of this
Service Plan. It will constitute a binding agreement between the Districts regarding
implementation of the powers contained in this Service Plan.
Each District shall continue to have full authority to provide the following services and
facilities for the property currently with in the Districts and for property included into the
Districts in the future.
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1. Water. The design, acquisition, installation, construction, operation, and
maintenance of a complete irrigation water system, and the design acquisition, installation and
construction of a potable water system, including, but not limited to, water rights, water supply,
treatment, storage, transmission and distribution systems for domestic and other public or private
purposes, together with all necessary and proper reservoirs, treatment works and facilities, wells,
water rights, equipment and appurtenances incident thereto which may include, but shall not be
limited to, transmission lines, distribution mains and laterals, storage facilities, land and
easements, together with extensions of and improvements to said systems. However, the
Districts shall not have the authority to provide potable water inside or outside the Districts
boundaries.
2. Streets. The design, acquisition, installation, construction, operation, and
maintenance of street and roadway improvements, including, but not limited to curbs, gutters,
culverts, storm sewers and other drainage facilities, detention ponds, retaining walls and
appurtenances, as well as sidewalks, bridges, parking facilities, paving, lighting, grading,
landscaping, snow removal equipment, or tunnels and other street improvements, together with
all necessary, incidental, and appurtenant facilities, land and easements, together with extensions
of and improvements to said facilities.
3. Traffic and Safety Controls. The design, acquisition, installation,
construction, operation, and maintenance of traffic and safety protection facilities and services
through traffic and safety controls and devices on streets and highways, environmental
monitoring, and rodent and pest controls necessary for public safety, as well as other facilities
and improvements including, but not limited to, main entry buildings, access gates, signalization
at intersections, traffic signs, area identification signs, directional assistance, and driver
information signs, together with all necessary, incidental, and appurtenant facilities, land
easements, together with extensions of and improvements to said facilities.
4. Television Relay and Translator. The acquisition, construction,
completion, installation and/or operation and maintenance of television relay and translator
facilities, including, but not limited to, cable television and communication facilities, together
with all necessary, incidental and appurtenant facilities, land and easements, and all necessary
extensions of and improvements to said facilities.
5. Transportation. The design, acquisition, installation, construction,
operation and maintenance of public transportation system improvements, including
transportation equipment, park and ride facilities and parking lots, parking structures, roofs,
covers, and facilities, including, but not limited to facilities for the commercial structures and for
the conveyance of the public consisting of buses, automobiles, and other means of conveyance,
and structures for repair, operations and maintenance of such facilities, together with all
necessary, incidental and appurtenant facilities, land and easements, and all necessary extensions
of and improvements to said facilities or systems.
6. Parks and Recreation. The design, acquisition, installation, construction,
operation and maintenance of public park and recreation facilities or programs including, but not
limited to, swimming pools and spas, tennis courts, exercise facilities, bike paths, hiking trails,
8
snowshoe trails, pedestrian trails, pedestrian bridges, pedestrian malls, public fountains and
sculpture, art, and botanical gardens, equestrian trails and centers, picnic areas, skating areas and
facilities, common area landscaping and weed control, outdoor lighting of all types, community
events, and other facilities, together with all necessary, incidental and appurtenant facilities, land
and easements, and all necessary extensions of and improvements to said facilities or systems.
7. Sanitation. The design, acquisition, installation and construction of storm
or sanitary sewers, or both, flood and surface drainage, treatment and disposal works and
facilities, and all necessary or proper equipment and appurtenances incident thereto, together
with all necessary, incidental and appurtenant facilities, land and easements, and all necessary
extensions of and improvements to said facilities or systems.
8. Mosquito and Pest Control. The design, acquisition, installation,
construction, operation, and maintenance of systems and methods for the elimination and control
of mosquitoes, rodents and other pests. •
9. Legal Powers. The powers of the Districts will be exercised by their
Boards of Directors to the extent necessary to provide the services contemplated in this Service
Plan. The foregoing improvements and services, along with all other activities permitted by law,
will be undertaken in accordance with, and pursuant to, the procedures and conditions contained
in the Special District Act, other applicable statutes, and this Service Plan, as any or all of the
same may be amended from time to time.
10. Other. In addition to the powers enumerated above, the Boards of
Directors of the Districts shall also continue to have the following authority:
a. To amend this Service Plan as needed, subject to the appropriate statutory
procedures, including, 45 days written notice to the Town of its intent to amend this Service Plan
if the Districts believe that its actions are permitted by this Service Plan but which may be
unclear. In the event Severance objects to the amendment as being a violation of the Town IGA
or in violation or outside the scope of this Service Plan within 30 days of receipt thereof, the
amendment shall be considered a material modification. Failure of the Town to provide such
notice shall constitute agreement by Severance that such activities are within the scope of this
Service Plan. The Districts shall have the right to amend this Service Plan independent of
participation of the other Districts; provided, that the Districts shall not be permitted to amend
those portions of this Service Plan which effect, impair, or impinge upon the rights or powers of
the other Districts without such District's consent; and
b. To forego, reschedule, or restructure the financing and construction of
certain improvements and facilities, in order to better accommodate the pace of growth, resource
availability, and potential inclusions of property within the Districts, or if the development of the
improvements and facilities would best be performed by another entity; and
c. To provide all such additional services and exercise all such powers as are
granted expressly or by implication of Colorado law, and which the Districts are required to
provide or exercise or, in their discretion, choose to provide or exercise; and
9
d. To exercise all necessary and implied powers under Title 32, C.R.S. in the
reasonable discretion of the Boards of Directors of the Districts.
III. DESCRIPTION OF FACILITIES AND IMPROVEMENTS
The Service District and Financing Districts are permitted to exercise their statutory
powers and their respective authority set forth herein to finance, construct, acquire, operate and
maintain the public facilities and improvements described in Section 11 of this Service Plan
either directly or by contract. Where appropriate, the Districts will contract with various public
and/or private entities to undertake such functions.
The diagrams contained in the appendix to this Service Plan show the conceptual layouts
of the public facilities and improvements described in Section II hereof. Detailed information
for each type of improvements needed for Creekside is set forth in the following pages. It is
important to note that the preliminary layouts contained in the appendix are conceptual in nature
only, and that modifications to the type, configuration, and location of improvements will be
necessary as development proceeds. As addition property is included into the Districts, any
additional improvements needed to serve the Districts will be permitted under this Service Plan.
All facilities will be designed in such a way as to assure that the facility and service standards
will be compatible with those of Severance and of other municipalities and special districts
which may be affected thereby.
The following sections contain general descriptions of the contemplated facilities and
improvements that will be financed by the Financing Districts.
A. General
Construction of all planned facilities and improvements will be scheduled to allow for
proper sizing and phasing to keep pace with the need for service. All descriptions of the specific
facilities and improvements to be constructed, and their related costs, are estimates only and are
subject to modification as engineering, development plans, economics, Severance's
requirements, and construction scheduling may require.
B. General Design Standards
Improvements within the Districts will be designed and installed by the Service District
in conformance with current standards and ordinances adopted by the Service District and
Severance and any other entity with jurisdiction over the improvements. Designs, contract
documents, and construction drawings prepared for improvements shall be subject to review and
approval by the Service District, Severance and any other entity with jurisdiction over the
improvements. Again, the Town IGA described in Section V hereof describes the procedures
which will be followed to assure compliance with the requirements of this Service Plan.
10
1. Water System. The potable water system will deliver water that meets
Primary and Secondary Drinking Water Standards, and will be designed and installed to conform
to the current standards and recommendations of the American Water Works Association, the
Insurance Services Office, the Colorado Department of Health, North Weld Water District, and
Rules and Regulations adopted by the Districts, ordinances and policies of Severance, and any
other entity with jurisdiction.
2. Wastewater System. The wastewater system will transport wastewater to
the nearest wastewater treatment facility providing wastewater treatment services to Severance
unless otherwise approved by the Town. The wastewater collection system will be designed and
installed to conform to the current standards and recommendations of all applicable entities, the
Colorado Department of Health and Rules and Regulations adopted by the Districts.
3. Streets. Public streets will be designed and installed to conform to the
standards and recommendations of the American Association of State Highway and
Transportation Officials, the Colorado Department of Highways (where applicable), the Town of
Severance and the Rules and Regulations adopted by the Districts.
4. Storm Drainage. All major storm drainage facilities will be designed for
the 100-year storm event. All storm drainage designs will conform to the standards and
recommendations of the Town of Severance and the Rules and Regulations of the Districts.
C. Water System
1. General. The Service District proposes to provide a water system to serve
the entire Creekside communities. The water system will provide a potable supply for residential
and commercial customers. As additional property is included into the Districts, any additional
improvements needed to serve the Districts will be permitted under this Service Plan.
The proposed elements of the potable water system provide a hydraulically balanced
network of transmission lines and distribution lines for the supply of treated water. All facilities
will continue to be designed and installed in accordance with applicable regulatory standards and
sound engineering judgment. The initial development plan for the Districts' proposed potable
water system is illustrated in Figure 4.
All major elements of the water system required for proper operation will be designed
and installed by the Service District. The system will be designed according to North Weld
Water District's and the Town's standards and will be connected to the water system designed by
the Town during the construction of the "First Phase." The homeowner will be responsible for
construction of the service line from the meter to the house. All individual services will be
metered.
2. Water Demand. Demands placed on the water system will fluctuate with
use. Potable demand will be that required to satisfy the needs of the Service District's customers
for domestic uses, landscape irrigation, and fire protection. The Service District may construct
an irrigation water distribution system, the potable water demand will decrease and fire flow will
11
become the controlling factor in the potable system design. Irrigation water systems will not be
conveyed to Severance nor become Severance's responsibility for operations and maintenance,
they will be owned and maintained by the Service District unless otherwise determined by
Severance and the Service District.
Potable water system demands for domestic uses and landscape irrigation have been
estimated by applying typically accepted unit flow rates to land use designations and
demographic information established by the Service District. Potable water system demands for
fire protection are based on standards currently recommended by the Insurance Services Office
(ISO) and the Windsor/Severance Fire District.
3. Water Transmission. The Service District's potable water transmission
system will collect potable water from North Weld Water district transmission lines, and will
transport the treated water in a network that is accessible by each development parcel. The
transmission lines will be sized to deliver either the maximum day demand, plus fire flow or the
peak how demand, and oversized if the Town and the water supplier determines such oversizing
is necessary to serve the best interest of the provision of water service to properties within
Severance. The cost of the oversizing will be pro-rated among the entities benefiting from the
oversizing.
4. Water Storage. Additional storage facilities may be required. If needed,
the storage facility is expected to be built in conjunction with the North Weld Water District's
existing water storage and future water pressure zones. An investigation will need to be made to
determine the additional amount of storage that may be required.
5. Water Distribution. The water system will provide treated water through a
network of transmission and distribution lines. All lines are to be looped where practical to
maximize capacity and improve circulation. Fire hydrants will be required throughout the
transmission and distribution system.
6. Irrigation. A plan for distribution of irrigation water is illustrated in
Figure 4.
D. Wastewater System
1. General. The Service District proposes to provide a wastewater collection
system to serve Creekside. The proposed elements of the wastewater system will provide a
network of laterals, trunk sewers, lift stations, and interceptor sewers, for the sanitary disposal of
liquid borne wastes. All facilities will be designed and installed in accordance with applicable
regulatory standards and sound engineering judgement. The initial development plan for the
proposed wastewater collection system is illustrated in Figure 5.
All major elements of the wastewater collection system required for proper operation will
be designed, and installed by the Service District. Individual developers will be responsible for
the trunk sewers, which serve each development parcel, and for the service laterals extended
from the trunk lines to each property.
12
2. Wastewater Collection. The wastewater collection system will collect
sanitary sewage generated by customers and convey it to the regional wastewater treatment plant.
Laterals will be located in the streets, along back lot lines, and in utility easements to serve the
Service District's customers as depicted on plans approved by the Town.
E. Street System and Traffic Safety
1. General. The Service District proposes to construct a street system to
serve all of Creekside. The existing and proposed elements of the street system will provide a
network of local collector and major collector streets to serve the flow of traffic within the
Districts. All facilities will be designed and installed in accordance with applicable regulatory
standards and sound engineering judgement. The initial development plan for the proposed
street system is illustrated in Figure 6.
2. Streets. The Service District will design and construct all streets shown in
Figure 6 in the appendices. All streets will be designed and constructed to meet Severance's
standards. Street sections are shown in Figure 7. Traffic controls and signage will be provided
along streets to enhance the flow of traffic within the project. Streetlights will be installed by the
Service District along roadways.
3. Landscaping. Landscaping may be installed by the Service District along
the roadway rights-of-way. The Service District also intends to install and maintain landscaped
highlights along the internal streets and entry features at major entrances. Additional features
may be installed and maintained by the Service District.
4. Signals and Signage. Signals and signage will be installed by the Service
District as required by traffic studies, the Service District's Rules and Regulations, and by
Severance.
5. Offsite Improvements. The Districts may be responsible for participation
in sharing the costs for public offsite infrastructure improvements benefiting the taxpayers and
residents of the Districts.
F. Storm Drainage
1. General. The Service District plans to install the necessary storm drainage
system to serve Creekside. The proposed elements of the storm drainage system will provide a
network of swells and channels, culverts, detention ponds, and curb and gutter designed and
installed in accordance with applicable regulatory standards and sound engineering judgement.
The initial development plan for the proposed storm drainage system within the project is
illustrated in Figure 8. The Service District will design and install all storm drainage
improvements.
2. Swale and Channel Improvements. Storm water will be routed through
Creekside by a network of pipes and channels. The storm drainage system will be designed for
13
the 100-year event. The Service District intends to fund the majority of swale and channel
improvements required as a part of the master drainage system.
3. Culverts. Culverts will be installed under all roadways that intersect storm
drainage channels. Culverts will be designed to pass flows as required by the drainage study and
may include headwalls, wing walls, inlet structures, and riprap protection to enhance their
hydraulic capacity and reduce bank or channel erosion.
4. Detention Storage. An overall drainage plan will be developed that will
identify the major facilities necessary to convey the storm runoff from Creekside. This plan will
include all infrastructure required to convey the flows generated within Creekside as well as
offsite flows. This plan must maintain the flexibility to modify the major drainage facilities as
more detailed information is generated during the design of the individual phases. The overall
drainage plan will include the utilization of storm sewers, swales, drainage channels, streets,
gutters, culverts and detention facilities. To limit the cost of the drainage infrastructure, an
optimization study will be completed to ensure that the most cost-effective solution is identified.
G. Park and Recreation
All public park and recreational facilities and/or services will be constructed in
accordance with plans and specifications approved by Severance and in accordance with
engineering and design requirements appropriate for the surrounding terrain, and shall be
compatible with Severance's standards or the standards of other local public entities, as
appropriate. Park and recreation facilities will be dedicated to either the Town of Severance or a
homeowners association after the bonds are discharged as will be set forth in the IGA between
Severance and the Districts.
H. Transportation
The Service District contemplates that at some future date it may be prudent to participate
in a public transit system in the Weld County area. The Service District may, at the appropriate
time, fund studies or improvements that are intended to provide mass transit for the population
within Creekside.
I. Mosquito Control
The Service District contemplates that at some future date it may be prudent to participate
in a mosquito control program in the area. The Service District may, at the appropriate time,
fund studies or improvements that are intended to provide mass transit for the population within
Creekside.
J. Estimated Cost of Facilities
The initial estimated cost of the facilities to be constructed, installed and/or acquired by
the Service District are shown in Table 2. As additional property is included into the Districts,
14
any additional improvements needed to serve the Districts will be permitted under this Service
Plan.
W. DEVELOPMENT PROJECTIONS
Land use within the project will be residential and commercial, as approved by the Town
as generally set forth in Table 1.
V. PROPOSED AND EXISTING AGREEMENTS
A. Master Intergovernmental Agreements
As noted in this Service Plan, the relationship between the Service District and Financing
Districts, including the means for approving, financing, constructing, and operating the public
services and improvements needed to serve Creekside will be established by means of a Master
IGA executed by the Districts. The Master IGA will establish extensive procedures and
standards for the approval of the design of facilities, transfer of funds between the Districts, and
operation and maintenance of the facilities. The Master IGA will also provide for coordinated
administration of management services for the Districts.
B. Town IGA
Severance and the Service District will enter into an IGA ("Town IGA") regarding the
nature of the relationship between the Service District and Severance, and setting forth various
procedures and agreements regarding the construction, ownership, operation and maintenance of
improvements constructed by the Service District.
C. Other Agreements/Authority
To the extent practicable, the Service District may enter into additional intergovernmental
and private agreements to better ensure long-term provision of the improvements and services
and effective management. Agreements may also be executed with property owner associations
and other service providers. All such agreements are authorized to be provided by each,
pursuant to Colorado Constitution, Article XIV, Section 18(2)(a) and Section 29-1-201, et seq.,
Colorado Revised Statutes.
VI. OPERATION AND MAINTENANCE COSTS
Estimated costs for operation and maintenance functions are presented in the Financing
Plan. Additionally, the Service District will impose a system of tap and user service charges.
The estimated revenues from such fees and charges are reflected in the Financing Plan discussed
in the following section.
15
VU. FINANCIAL PLAN
•
Attached to this Service Plan as Exhibit B is a preliminary Financing Plan which shows
how the proposed services and facilities may be financed and operated by the Districts. The
Financing Plan includes the proposed operating revenue derived from ad valorem property taxes
for the first budget year, and thereafter, to be used by the Service District. As additional property
is included into the Districts, any additional improvements needed to serve the Districts will be
permitted under this Service Plan and the Financing Plan will be revised accordingly. The
Master IGA will provide that the obligation of the Financing Districts to pay the Service District
for operating expenses incurred for provision of services to property within the Financing
Districts shall constitute "debt" of the Financing Districts. Accordingly, mill levies certified to
make necessary payments to the Service District are characterized as debt service mill levies
notwithstanding that they are imposed to pay contractual obligations for operations and
maintenance services provided by the Service District. The Service District has borrowed its
initial operating funds from private entities to be repaid after it is able to generate operating
revenues from the Financing Districts.
The Financing Plan identifies the proposed debt issuance schedules of the Service District
and Financing Districts and shows how the financial operations of the Districts will be
coordinated. If the projections in the Financing Plan are exceeded for reasons which may
include but are not necessarily limited to additional development or increased development from
inclusions, increased absorption or an increase in assessed valuation, it is anticipated that the
developer will be reimbursed for all advances made on behalf of the Districts to the full extent of
Districts' capabilities at a fair market interest rate. The Financing Districts are expected to issue
general obligation debt supported by ad valorem mill levies. This mechanism will help assure
the transition of appropriate tax revenue to the payment of debt issued to provide services for
Creekside. It is presently anticipated that the Service District will issue revenue bonds secured
by the developer and by financial commitments received from the Financing Districts. Other
structures may be used.
The Districts shall be entitled to modify the proposed structure of the Financing Plan by
causing the Service District to obtain funding directly from the Developer, its lender, or assigns
of Developer, provided that all such borrowing shall comply with the requirements of state law
regarding limitations on the amount of general obligation debt which may be issued. For
example, the Service District shall be entitled to obtain funding from the Developer rather than
issuing revenue bonds and agree to repay the Developer from revenue sources which the Service
District might otherwise become entitled pursuant to the Master IGA or other agreements The
Districts shall also be entitled to issue contingent repayment obligations in amounts which
exceed the estimated general obligation debt estimated in this Service Plan on condition that the
provisions of such contingent repayment obligations are in compliance with state law and are
subject to the limitations of state law regarding the limitations on issuance of general obligation
debt. The Districts shall have the ability to utilize excess debt capacity, which may be developed
within the Districts if the assumptions contained in the Financing Plan are more conservative
than what actually develops within Creekside.
16
The balance of the information contained in this section of this Service Plan is
preliminary in nature. All dollars are stated in 2000, uninflated dollars. Upon approval of this
Service Plan, the Districts will continue to develop and refine cost estimates contained herein
and prepare for bond issuance. All cost estimates will be inflated to current dollars at the time of
bond issuance and construction. Engineering and other contingencies, as well as capitalized
interest and other costs of financing will be added. All construction cost estimates assume
construction to applicable local, state or federal requirements.
Initial costs are anticipated to be approximately $1,870,000. However, as additional
property is included into the Districts, any additional improvements needed to serve the Districts
will be permitted under this Service Plan. Contractual general obligation debt of the Districts
shall not count against any bonded debt limitation or restriction on the Districts. Further, the
obligations of the Districts pursuant to any "Master" IGA between the Districts shall not count
against any bonded debt limitation or restriction on the Districts. The Districts shall have
authority to finance and construct all facilities contemplated herein without the need to seek
approval of any modification of this Service Plan. The Districts shall also be permitted to seek
debt authorization from their electorates in excess of this amount to account for contingencies.
Reasonable modifications of facilities and cost estimates shall likewise be permitted. Final
determination of the amount of debt for which approval will be sought from each District's
electorate from time to time will be made by the Board of Directors of each District based on
then-current estimates of construction costs, issuance costs, and contingencies. Authorization to
issue bonds and enter into various agreements described herein will be sought from each
District's electorate pursuant to the terms of the Special District Act, and the Colorado
Constitution as amended from time to time.
All bonds issued by the Districts will be payable from general ad valorem debt service
taxes to be imposed upon all taxable property within the Districts, which may not exceed 35
mills. The 35 mill limit, shall be subject to adjustment if the laws of the State change with
respect to the assessment of property for taxation purposes, the ratio for determining assessed
valuation changes, or other similar changes occur. In these events, the foregoing thresholds and
limits shall be automatically adjusted so that the tax liability of individual property owners
neither increases nor decreases as a result of any such changes thereby maintaining a constant
level of tax receipts of the District and overall tax payments from property owners.
In addition to ad valorem property taxes, and in order to offset the expenses of the
anticipated construction and the Service District's operations and maintenance costs, the Districts
will also rely upon various other revenue sources authorized by law. These will include the
power to assess fees, rates, tolls, penalties, or charges as provided in § 32-1-1001(1), C.R.S., as
amended. The Financing Plan assumes various sources of revenue, including ad valorem
property taxes, specific ownership taxes, tap fees, and user charges, together with interest
earnings on retained amounts. It is anticipated that a tiered system of user charges will be
established.
The Financing Plan does not project any significant accumulation of fund balances that
might represent receipt of revenues in excess of expenditures under the TABOR Amendment. It
is anticipated that the operations of the Service District will qualify as "enterprises" under the
17
TABOR Amendment. If its operations do not qualify as enterprises under TABOR, revenues
from all sources that exceed the permitted level of expenditures in a given year will be refunded
to taxpayers, unless a vote approving the retention of such revenues is obtained. To the extent
annual district revenues exceed expenditures in this manner, the Districts will comply with the
provisions of TABOR and either refund the excess or obtain voter approval to retain such
amounts.
The estimated costs of the facilities and improvements to be constructed and installed by
the Districts, including the costs of acquisition of land, and engineering services, legal services,
administrative services, initial proposed indebtedness, and other major expenses related to the
facilities and improvements to be constructed and installed, are set forth in Tables 7 and 8 of the
Service Plan, and are not expected to exceed $100,000 through December 31, 2000.
Organizational costs will be reimbursed to the developer by the Districts out of their initial
revenue sources including bond issue proceeds.
The maximum voted interest rate for bonds will be 18%. The proposed maximum
underwriting discount will be 5%. It is estimated that the general obligation bonds, when issued,
will mature not more than forty (40) years from date of issuance, with the first maturity to be
determined by the Districts.
In the discretion of the Boards of Directors, and upon approval of the Town, the Districts
may set up other qualifying entities to manage, fund, construct and operate facilities, services,
and programs. To the extent allowed by law, any entity created by the Districts will remain
under the control of its Board of Directors.
The Financing Plan demonstrates that each District will have the financial capability to
discharge the proposed indebtedness with reasonable mill levies assuming reasonable increases
in assessed valuation and assuming the rate of build-out estimated in the Financing Plans.
The District will reimburse the Town and North Weld County Water District for all costs
incurred for review of the Service Plan, applications, resolutions, public hearings, attorney's fees
and all other costs incurred by the Town as a result of the organization and operation of the
District.
VIII. CONCLUSIONS
It is submitted that this Consolidated Service Plan for, Creekside Metropolitan District
Nos. 1-5 as required by § 32-1-203(2), C.R.S., has established that:
(a) There is sufficient existing and projected need for organized service in the
area to be served by the Districts;
(b) The existing service in the area to be served by the Districts is inadequate
for present and projected needs;
18
(c) The Districts are capable of providing economical and sufficient service to
the area within their boundaries;
(d) The area included in the Districts 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
Severance, or other existing municipal or quasi-municipal corporations, including existing
special districts, within a reasonable time and on a comparable basis;
(0 The facility and service standards of the Districts are compatible with the
facility and service standards of Severance within which the Districts are to be located and each
municipality which is an interested party under § 32-1-204(1), C.R.S.;
(g) The proposal is in substantial compliance with a master.plan adopted
pursuant to § 30-28-108, C.R.S.;
(h) The proposal is in compliance with any duly adopted county, regional, or
state long-range water quality management plan for the area; and
(i) The ongoing existence of the Districts is in the best interests of the area
proposed to be served.
Therefore, it is requested that the Board of Trustees of Severance, Colorado, which has
jurisdiction to approve this Service Plan by virtue §§ 32-1-204.5, C.R.S., et seq., as amended,
adopt a resolution which approves this "Consolidated Service Plan for Creekside Metropolitan
District Nos. 1-5" as submitted.
Respectfully submitted,
WHITE AND ASSOCIATES
Profes "onal Corporation
I
/ 44.
By: Kristen D. Bear
George M. Rowley,
Counsel to Proponents of the Districts
C S M D\S P LA N\G M R 1430061900
0568.0003
19
EXHIBIT A
Legal Descriptions of Districts
PROPERTY DESCRIPTION
District I
A parcel of land located in the Southeast Quarter(SE1/4)of Section Two(2),Township Six North
(T.6N.),Range Sixty-seven West(R.67W.)of the Sixth Principal Meridian(6t°P.M.),County of
Weld,State of Colorado and being more particularly described as follows:
COMMENCING at the Southeast Corner of said Section 2 and assuming the South line of said
SE I/4 to bear South 89°37'54"West with all bearings here in relative thereto:
THENCE South 89°37'54"West along said line a distance of 145.71 feet to the POINT OF
BEGINNING;
THENCE continuing South 89°37'54"West along said line a distance of 170.00 feet;
THENCE North 00°00'00"East a distance of 80.42 feet;
THENCE South 90°00'00"East a distance of 170.00 feet;
THENCE South 00°00'00"West a distance of 79.33 feet to the POINT OF BEGINNING.
Said parcel contains 13,579 sq. ft. more or less(t),and is subject to any rights-of-way or other
easements of record or as now existing on said described parcel of land.
SURVEYOR'S CERTIFICATE
I,Lawrence S. Pepek,a Colorado Registered Professional Land Surveyor do hereby state that this
Property Description was prepared under my personal supervision and checking,and that it is true
and correct to the best of my knowledge and belief.
UqF
.51 4,
Lawrence S.Pepe/ 6 i 3642 : 3 July 21,2000
Colorado Regist . Professional ++m N••. •o S
Land Surve or#33642 +t s,• ��'
y Oh��� s
KING SURVEYORS, INC.
9299 Eastman Park Drive
Windsor,Colorado 80550
(970)686-5011
IN:2000115
FILE 2000115\dwg schwindMistriet I.doc
TOW OF SEVERANCE
DISTRICT 1 EXHIBIT 1 SEC.N 2 T.6N. R.67W
EAST QUARTER CORNER
SECTION 2-T.6N.-R.67W.
FOUND /6 REBAR MATH 3 1/4'
DIAN. ALUM. CAP STAMPS
JONES LS22098
V
B A 0 0
•
.1'.= C'
EAST UNE OF THE
SOUTHEAST QUARTER OF
S90"00'00'E SECTION 2
170.00'
w ;
8 + DISTRICT 1 -'o
o m 1.,579 sq. ft. n
oi 8 POINT OF BEGINNING
ISi 589'37'54'W 145.71'
BASIS OF
170.00' r BEARING 589'37'54"W
SOUTH uNE OF THE J SOUTHEAST CORNER
SOUTHEAST QUARTER of SECTION 2—T.6N.—R.67W.
SECTION 2 FOUND #6 REBAR 'WITH 3 I/4
DIAM. ALUM. CAP STAMPED
JONES L522096
POINT OF COMMENCEMENT
SOUTH QUARTER CORNER 00 REG
SECTION 2—T.6N.—R.67W. e, .......cS
FOUND #6 REBAR WITH 2 1/2' p,0'••sscE s'-.rF
DIAM. ALUM. CAP STAMPED �+ ? F^%.➢.^
1.0
INTERMILL L512374 r
3642 $ 7-2/-do
/O414AN C LO�J
KING SURVEYORS, INC. PROJECT NO:2000115
C
9299 EASTMAN PARK DRIVE WINDSOR CO 80550 DATE: 7-21-00
PHONE:(970) 636-5011 FAX:(970) 686-5821 CLIENT: EVERITT
WWW.IQNGSURVEYOR S.00M DWG: 2000115M0B
PROPERTY DESCRIPTION
District 2
A parcel of land located in the Southeast Quarter(SEl/4)of Section Two(2),Township Six North
(T.6N.),Range Sixty-seven West(R.67W.)of the Sixth Principal Meridian(61°P.M.),County of
Weld,State of Colorado and being more particularly described as follows:
BEGINNING at the Southeast Corner of said Section 2 and assuming the South line of said SEl/4
to bear South 89°37'54"West with all bearings here in relative thereto:
THENCE South 89°37'54"West along said line a distance of 145.71 feet;
• THENCE North 00°00'00"East a distance of 149.33 feet;
THENCE North 90°00'00"West a distance of 28.00 feet;
THENCE North 00°00'00"West a distance of 48.00 feet;
THENCE North 90°00'00"West a distance of 24.00 feet;
THENCE North 00°00'00"East a distance of 374.00 feet;
THENCE North 90°00'00"East a distance of 24.00 feet
THENCE North 00°00'00"West a distance of 48.00 feet;
THENCE North 90°00'00"East a distance of 28.00 feet;
THENCE North 00°00'00"East a distance of 70.00 feet;
THENCE South 90°00'00"West a distance of 170.00 feet;
THENCE North 00°00'00"West a distance of 462.95 feet;
THENCE North 90°00'00"East a distance of 310.20 feet to the East line of said SEI/4:
THENCE South 00°16'26"East a distance of 1151.36 feet to the POINT OF BEGINNING.
Said parcel contains 6.095 acres more or less(±),and is subject to any rights-of-way or other
easements of record or as now existing on said described parcel of land.
SURVEYOR'S CERTIFICATE
I,Lawrence S. Pepek,a Colorado Registered Professional Land Surveyor do hereby state that this
Property Description was prepared under my personal supervision and checking,and that it is true
and correct to the best of my knowledge and belief.
v�pD0. c"
yp. . qSr
i O: P F �
m O I
Lawrence S. Pepek ti '• 'age 21,2000
Colorado Registered Professional 111 d,.. }e,� July_
Land Surveyor#33642 tt�0.4<LANG5� �
KING SURVEYORS, INC.
9299 Eastman Park Drive
Windsor,Colorado 80550
(970)686-5011
JN:2000115
FILE 2000115\dwg schwindt district 2.doc
DISTRICT 2 EXHIBIT 2 TOWN OF SEVERANCE
SEC.2 T.6N. R.67W.
EAST QUARTER CORNER
SECTION 2—T.8N.—R.67W.
FOUNO f8 REBAR WITH 3 1/4'
DIAM. ALUM. CAP STAMPED
JONES LS22098
a
N90'00'00'E 310.20'
•
o a!
w EAST UNE OF ME
P SOUTHEAST QUARIFR or
5 SEC00N 2
•
DISTRICT 2
285.491 p. It.
6.093 acres
590'00.00.W '"
0
170.00' $ g
c
NOO'0000"W i
48.00'
N90'00'00'E
28.00'
N90'00'00'E U+
Stsi 24.00' us CV .
150 75 0 150 0 =
0
W
= 150' O
G O
O
o ^
e2Y
00 z
N90'0000W
�1� 24.00N90'00'00W
NOO'0000W28.00 48.00'
W
O_
o in
o
0 of
o <
O
Z
N-7/ 145.71'
BASIS OF BEARING 589'37'54"W Ll
SOUTH UNE OF THE
SOUTH QUARTER CORNER SOUTHEAST WARIER OF SOUTHEAST CORNER)
SECTION 2-T.6N.-R.67W. SECOON 2 SECTION 2-T.6N.-R.67W.
FOUND #6 REBAR WITH 2 1/2' FOUND #6 REBAR WITH 3 I/4"
DIAN. ALUM. CAP STAMPED DIAM. ALUM. CAP STAMPED
INTERMILL L512374 JONES 8
POINT OF BEGINNING
•
•
pKING SURVEYORS, INC. PROJECT NO:2000115
9299 EASTMAN PARK DRIVE WINDSOR CO 80550 DATE: 7-12-00
\ PHONE:(970) 686-5011 FAX:(970) 686-5821 CLIENT: EVERITT
WWW.KINGSURVEY0RS.CCM DWG: 20001 15MD6
PROPERTY DESCRIPTION
District 3
A parcel of land located in the Southeast Quarter(SEl/4)of Section Two(2),Township Six North
(T.6N.),Range Sixty-seven West(R.67W.)of the Sixth Principal Meridian(6i°P.M.),County of
Weld,State of Colorado and being more particularly described as follows:
COMMENCING at the Southeast Corner of said Section 2 and assuming the South line of said
SEI/4 to bear South 89°37'54"West with all bearings here in relative thereto:
THENCE South 89°37'54"West along said line a distance of 315.71 feet to the POINT OF
BEGINNING;
THENCE continuing South 89°37'54"West along said line a distance of 157.00 feet;
THENCE North 00°00'00"East a distance of 82.43 feet;
THENCE North 90°00'00"West a distance of 93.00 feet;
THENCE North 00°00'00"West a distance of 264.00 feet to a point on a curve,said curve being
non-tangent to the aforesaid line;
THENCE along the Arc of a Curve which is concave to the East a distance of 127.52 feet,whose
Radius is 40.00 feet,whose Delta is 182°39'26"and whose Long Chord bears North 01°19'43"
East a distance of 79.98 feet;
THENCE North 00°00'00"West along a line being non-tangent to the aforesaid curve a distance of ,
268.00 feet;
THENCE North 89°59'26"East a distance of 248.15 feet;
THENCE South 00°00'00"East a distance of 3.00 feet;
THENCE North 90°00'00"East a distance of 170.00 feet;
THENCE South 00°00'00"West a distance of 70.00 feet;
THENCE South 90°00'00"West a distance of 28.00 feet;
THENCE South 00°00'00"East a distance of 48.00 feet;
THENCE South 90°00'00"West a distance of 24.00 feet;
THENCE South 00°00'00"West a distance of 374.00 feet;
THENCE South 90°00'00"East a distance of 24.00 feet;
THENCE South 00°00'00"East a distance of 48.00 feet;
THENCE South 90°00'00"East a distance of 28.00 feet;
THENCE South 00°00'00"East a distance of 70.00 feet;
THENCE North 90°00'00"West a distance of 170.00 feet;
THENCE South 00°00'00"West a distance of 80.42 feet to the POINT OF BEGINNING.
Said parcel contains 5.726 acres more or less(±),and is subject to any rights-of-way or other
easements of record or as now existing on said described parcel of land.
SURVEYOR'S CERTIFICATE
I, Lawrence S. Pepek,a Colorado Registered Professional Land Surveyor do hereby state that this
Property Description was prepared under my personal supervision and checking,and that it is true
and correct to the best of my knowledge and belief.
m'
Lawrence S. Nock - ' •: i July 21,2000
Colorado Registered Profess .. al I s•.,
Land Surveyor#33642 111 O4`(LAN05J�
KING SURVEYORS, INC.
9299 Eastman Park Drive
Windsor,Colorado 80550
(970)686-5011
1N: 2000115
FILE 20001 15\dwg\schwindt\district 3.doc
DISTRICT 3 I EXHIBIT 3 I TOWN OF SEVERANCE
SEC. 2 T.6N. R.67W.
EAST QUARTER CORNER
SECTION 2—T.6N.—R.67W. .
FOUND #6 REBAR MTH 3 1/4'
DIAM. ALUM. CAP STAMPED
JONES 1.522098
N89'26'E N90'00'00'E
248 a
$00'00'00"F/ 170.00' S
3.00' o g
8,g
S00'00'00'E Tf
4&00' \S90T70'00'W
0 $ 28.00'
P n
S90'00.00'W
z cm 24.00'
EAST UNE OF 1HE—�
SOUTHEAST QUARTER OF \
B
A 0 p SECTION 2
! 88
..= C. 8,$:,I
DISTRICT 3
249.438 sq. ft.
5.726 acres
590'00'00"E
/ 24.00'
8'8 S90'10'00'E
QN SOO'00'00"E� 28.00'
z 48.00' W
b
$ P
o $
N90130'00"w ^
93.00' W ; N90'00'00"W y
170.00'
IS in $N
Sm 22> POINT OF BEGINNING
z SB 157 O�•W N� 315.71'
BASIS OF BEARING S891754 VI Si
I\ SOUTH UNE OF THE SOUTHEAST CORNER
SOUTHEAST QUARTER OF SECTION 2-T.8N.-R.67W.
SECTION 2 FOUND #6 REBAR WITH 3 1/4'
DIAM. ALUM. CAP STAMPED
JONES LS22098
'� RcGi
Sr 11 POINT OF COMMENCEMENT
O •'
CS':-01/4
q•:4t,
SOUTH QUARTER CORNER S%- s.;'°p 1% /
SECTION 2-T.6N.-R.67W. r . 336 •c-FOUND #6 REBAR WITH 2 1/2' - • r -a 7-2/
DIAM. ALUM. CAP STAMPED �' • - d
INTERMILL L512374 '1 f•
I II,Oyw:AS°
CURVE TABLE
CURVE LENGTH RADIUS DELTA CHORD CH BEARING
Cl 1 7.5 ' 40.00' 1: '39' 5' 79.98' NO11•'43'
ICING SURVEYORS, INC. PROJECT NO:20001 !5
9299 EASTMAN PARK DRIVE WINDSOR CO 80550 DATE: 7-21-00
PHONE:(970) 686-5011 FAX:(970) 6865821 CLIENT: EVE.RITT
WWW.KINGSURVE YOR S.COM DWG: 2000115,MDB I
PROPERTY DESCRIPTION
District 4
A parcel of land located in the Southeast Quarter(SEI/4)of Section Two(2).Township Six North
(T.6N.),Range Sixty-seven West(R.67W.)of the Sixth Principal Meridian(6th P.M.),County of
Weld,State of Colorado and being more particularly described as follows:
COMMENCING at the Southeast Corner of said Section 2 and assuming the South line of said
SEI/4 to bear South 89°37'54"West with all bearings here in relative thereto:
THENCE South 89°37'54"West along said line a distance of 565.71 feet to the POINT OF
BEGINNING;
THENCE continuing South 89°37'54"West along said line a distance of 864.96 feet;
THENCE North 23°36'51"East a distance of 500.30 feet to a Point of Curvature(PC);
THENCE along the Arc of a Curve which is concave to the Northwest a distance of 592.03 feet,
whose Radius is 1950.80 feet,whose Delta is 17°23'18"and whose Long Chord bears North
14°55'12"East a distance of 589.76 feet to a Point of Tangency(PT);
THENCE North 06°13'33"East a distance of 59.46 feet;
THENCE South 70°47'53"East a distance of 298.40 feet;
THENCE North 07°08'12"East a distance of 408.70 feet;
THENCE North 26°14'38"East a distance of 207.42 feet;
THENCE North 35°36'53"East a distance of 16.79 feet;
THENCE North 90°00'00"East a distance of 630.29 to the East line of said SEI/4;
THENCE South 00°16'26"East along said line a distance of 433.94 feet;
THENCE North 90°00'00"West a distance of 310.20 feet;
THENCE South 00°00'00"East a distance of 459.95 feet;
THENCE South 89°59'26"West a distance of 248.15 feet;
THENCE South 00°00'00" West a distance of 268.00 feet to a point on a curve,said curve being
non-tangent to the aforesaid line;
THENCE along the Arc of a Curve which is concave to the East a distance of 127.52 feet,whose
Radius is 40.00 feet,whose Delta is 182°39'26"and whose Long Chord bears South 0199'43"
West a distance of 79.98 feet;
THENCE South 00°00'00" West along a line being non-tangent to the aforesaid curve a distance of
347.03 feet to the POINT OF BEGINNING.
Said parcel contains 25.946 acres(±),and is subject to any rights-of-way or other easements of
record or as now existing on said described parcel of land.
SURVEYOR'S CERTIFICATE
I, Lawrence S. Pepek,a Colorado Registered Professional Land Surveyor do hereby state that this
Property Description was prepared under my personal supervision and checking,and that it is true
and correct to the best of my knowledge and belief.
Hf 3 •
� Pf. .E.s.q�q��p•m z��OJ
rto
Lawrence S. Pepek o ' 3642 :� July 21,2000
Colorado Registered Pr tonal , •
to
Land Surveyor#33642 s .,• .•'�
'AL LANG c'J
KING SURVEYORS, INC.
9299 Eastman Park Drive
Windsor,Colorado 80550
(970)686-5011
JN: 2000115
FILE 20001 I5\dwg\schwindt\district 4.doc
DISTRICT 4 I EXHIBIT 4 I TOWN OF SEVERANCE
SEC. 2 T.6N. R.67W.
EAST QUARTER CORNER
S.
SECTION 2-T.BN.-R.87W.
•
FOUND /6 REBAR WITH 3 1/4"
DIAM. ALUM. CAP STAMPED
JONES L522098
6 00 N9b0"E
33'36'53"E
630.29'
16.79' EAST UNE OF THE—4:
SOUTHEAST QUARTER OF
N2131(38t
SECTION 2
200 100 0 200 207.42' • u
F I m`
N q
el
1"= 200'
N
W
_N
is ;O
O •
r, o N90,30.00-W
2 310.20'
N08'13.33"E
59.48' Sly p
298.40
W
O
o a'.
a
U,
O
a
N
•
DISTRICT 4 •
ce
A 1.130.204 sq. ft.
25.946 acres 589'59'26"w
248.15'
SOO.00'00"W
268.00'
00.RED, Cl
O .•EpCE S.a•,F,P
C. . e.4%<0
V:P Pt•O
o , 336 500.Do'00"wto �
cs
i0'y4L LPNO
F. POINT OF _
BEGINNING
564.96' 565.71' r
BASIS OF dEAR91G 589'3]54"W /
SOUTH LINE OF THE SOUTHEAST CORNER—""
SOUTHEAST QUARTER OF SECTION 2—T.6N.—R.67W.
SECTION 2 FOUND 06 REBAR WITH 3 1/4"
SOUTH QUARTER CORNER DIAM. ALUM. CAP STAMPED
SECTION 2—T.6N.—R.67W. JONES LS2209B
FOUND /6 REBAR WITH 2 1/2" POINT OF COMMENCEMENT
DIAM. ALUM. CAP STAMPED
INTERMILL L512374
CURVE TABLE
CURVE LENGTH RADIUS DELTA CHORD CH BEARING
Cl 127.52' 40.00' 182'39'26" 79.98' 50119'43"W I
C2 592.03' 1950.80' 1723'18" 589.76' N14'55'12"E
KING SURVEYORS, INC ~'
PROJECT NO: 2000115
9299 EASTMAN PARK DRIVE WINDSOR CO 80550 DATE: 7-21-00
PHONE:(970) 686-5011 FAX:(970) 686-5821 CLIENT: EVERITT
WWW.KINGSURVE YOR S.CGfd DWG: 2000115M08 SMOG
PROPERTY DESCRIPTION
District 5
A parcel of land located in the Southeast Quarter(SE1/4)of Section Two(2),Township Six North
(T.6N.),Range Sixty-seven West(R.67W.)of the Sixth Principal Meridian(6'"P.M.),County of
Weld,State of Colorado and being more particularly described as follows:
COMMENCING at the Southeast Corner of said Section 2 and assuming the South line of said
SEI/4 to bear South 89°37'54"West with all bearings here in relative thereto:
THENCE South 89°37'54"West along said line a distance of 472.71 feet to the POINT OF
BEGINNING;
THENCE continuing South 89°37'54"West along said line a distance of 93.00 feet;
THENCE North 00°00'00"West a distance of 83.03 feet;
THENCE North 90°00'00"East a distance of 93.00 feet;
THENCE South 00°00'00"East a distance of 82.43 feet to the POINT OF BEGINNING
Said parcel contains 7,694 sq. ft.(±),and is subject to any rights-of-way or other easements of
record or as now existing on said described parcel of land.
•
• SURVEYOR'S CERTIFICATE
I,Lawrence S. Pepek,a Colorado Registered Professional Land Surveyor do hereby state that this
Property Description was prepared under my personal supervision and checking,and that it is true
and correct to the best of my knowledge and belief.
••0REGisrtl
OP. &CE .„•,F,y 11
F.• 1,
wee. 1a
a 406
Lawrence S. Pepek i�� • ' :: i July 21,2000
Colorado Registered Professional lilT'. .W i
Land Surveyor#33642 1�`r .. •'J�=
11t-W L LAS.°
ICING SURVEYORS, INC.
9299 Eastman Park Drive
Windsor,Colorado 80550
(970)686-5011
JN: 2000115
FILE 20001 15\dwg\schwindt\district 5.doc
DISTRICT 5 EXHIBIT 5 I TOWN OF SEVERANCE
SEC. 2 T.6N. R.67W.
B A 0 D •
1 EAST QUARTER CORNER
SECTION 2-T.6N.-R.67W.
1 = C' FOUND #6 REBAR WITH 3 I/4"
DIAM. ALUM. CAP STAMPED
JONES L522098
--�.`EGS k.
O.. Esc .aF.r,
1.\ -Z/-co
4�0` 3 EAST LINE OF THE
yITFs, �,
1 s>0 Oy SOUTHEAST QUARTER OF
���N SECTION 2
N90'00'00"E
93.00'
3 w
o o DISTRICT 5 0 "
o m 7,694 sq. ft. P o
o o
z lel
/ POINT OF BEGINNING
_ N U SEI9'37'54'W ! 472.71'
/ 93.00' BASIS OF BEARING 589'37'54 I
SOUTH UNE OF THE SOUTHEAST CORNER
SOUTHEAST QUARTER OF SECTION 2-T.6N.-R.67W.
SECTION 2 FOUND #6 REBAR WITH 3 1/4"
DIAM. ALUM. CAP STAMPED
JONES L522098
POINT OF COMMENCEMENT
SOUTH QUARTER CORNER
SECTION 2-T.6N.-R.67W.
FOUND #6 REBAR WITH 2 1/2'
OIAM. ALUM. CAP STAMPED
INTERMILL L512374
KING SURVEYORS, INC.
PROJECT NO: 2000115
=kr 9299 EASTMAN PARK DRIVE WINDSOR CO 80550 DATE: 7-21-00
PHONE:(970) 686-5011 FAX:(970) 626-5821 CLIENT: EVERITT
WWW.KINGSURVEYORS.COM DWG: 2000115V0B
EXHIBIT B
Financing Plan
DnAf �
Parkview Metropolitan District
Forecasted Statement of Sources
and Uses of Cash
For the Years Ending
December 31, 2000 through 2040
eliWtiJ.W. Simmons &Associates, P.C. Certified Public Accountants
Board of Directors
Parkview Metropolitan District
. We have compiled the accompanying forecasted statements of sources and uses of cash of the Parkview Metropolitan
District (Schedule 1),the related projected debt service schedules(Schedule 2)and the analysis of absorption and
assessed values(Schedule 3)for the years ending December 31,2000 through 2040,in accordance with standards
established by the American.Institute of Certified Public Accountants.
A compilation is limited to presenting in the form of a forecast information that is the representation of management
and does not include evaluation of the support for the assumptions underlying the forecast. We have not examined
the forecast and, accordingly, do not express an opinion or any other form of assurance on the accompanying
statements or assumptions. Furthermore,there will usually be differences between the forecasted and actual results,
because events and circumstances frequently do not occur as expected, and those differences may be material. We
have no responsibility to update this report for events and circumstances occurring after the date of this report.
July 5, 2000
9155 East Nichols Avenue, Suite 330, Englewood, Colorado 80112-3419
Telephone (303) 689-0833 Fax (303) 689-0834
Onnf Schedule 1
ParMview Metro District
Sources and Uses of Cash
For the Years Ended December 31,2000 through 2040
total 2000 211111 2002 21103 2004 2005 2009 20112 2009 2009 20].0 2011 2012 21113 2019
General Fund
Beginning cash available 0 0 0 0 0 0 0 0 0 0 104 104 104 104 104 104
Revenues:
Property taxes residential 256,897 1,369 2,778 4,147 5,503 5,503 5,668 5,668 5,838 5,838 6,013 6.013 6.194
Property taxes commercial 181,372 838 2,120 2,957 3,884 3.884 4.000 4,000 4,120 4.120 4.244 4,244 4,371
Specific ownership taxes 26,296 132 294 426 563 563 580 580 598 598 615 615 634
Developer advances 45,534 10,000 10,000 10,000 7,694 4,882 2,576 191 191 0 0 0 0 0 0 0
510,098 10,000 10.000 10,000 10,033 10,073 10,107 10,141 10,141 10.249 10,249 10,556 10,556 10,873 10,873 11.199
Expenditures: •
Tax collection lees 6.574 33 73 107 141 141 145 145 149 149 154 154 158
Repay developer advances 45,534 104 407 407 719 719 1,040
Operating and Admin expenses 410,000 10.000 10,000 10,000 10,000 10,000 10.000 10,000 10,000 10,000 10,000 10,000 10,000 10,000 10,000 10,000
462,108 10,000 10,000 10,000 10,033 10,073 10,107 10,141 10,141 10,145 10,249 10,556 10,556 10,873 10,873 11,199
Ending cash available 47,990 0 0 0 0 0 0 0 0 104 104 104 104 104 104 104
Mill Levy 5.000 5.000 5.000 5.000 5.000 5.000 5.000 5.000 5.000 5.000 5.000 5.000 5.000 5.000 5.000
Capital Projects Fund
Beginning cash available 0 0 214,500 0 0 0 0 0 0 0 0 0 0 0 0 0
Revenues:
Bond proceeds 850,000 850,000 0 0 0 0 0 0 0 0 0 0 0 0 0
Developer advances 1,155,500 1,155,500
2,005,500 850,000 1,155.500 0 0 0 0 0 0 0 0 0 0 0 0 0
•
Expenditures:
Issuance costs 25,000 25,000 0 0 0
Capitalized interest 110,500 110,500 0 0 0
Construction _ 1,870,000 500,000 1.370.000 0 0 0 0 0 0 0 0 0 0 0 0 0
2,005.500 635,500 1,370,000 0 0 0 0 0 0 0 0 0 0 0 0 0
Ending cash available 0 214.500 0 _ 0 _ 0_ 0_ 0 _ 0 0 0 0 0 0 0 0 0
See Summary of Significant Assumptions and Accounting Policies
G [2pF7
Schedule I
Parkview Metro District
Sources and Uses of Cash
For the Years Ended December 31,2000 through 2040
211th 2016 2012 2018 2019 2020 2021 2022 21123 2024 2025 2028 2022 2028 2029 2030 2031
General Fund
Beginning cash available 104 104 104 104 104 104 104 104 104 104 104 104 104 104 104 104 104
Revenues:
Property taxes residential 6,194 6.379 6.379 6,571 6,571 6,768 6,768 6,971 6,971 7,180 7,180 7,396 7,396 7,617 7,617 7,846 7,846
Property taxes commercial 4,371 4.502 4,502 4,638 4,638 4,777 4,777 4,920 4,920 5,068 5,068 5,220 5,220 5,376 5,376 5,537 5,537
Specific ownership taxes 634 653 653 673 673 693 693 713 713 735 735 757 757 780 780 803 803
Developer advances 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
11,199 11,535 11,535 11.881 11.881 12,237 12,237 12.604 12,604 12,983 12,983 13,372 13,372 13,773 13,773 14,186 14,186
Expenditures:
lax collection lees 158 163 163 168 168 173 173 178 178 184 184 189 189 195 195 201 201
Repay developer advances 1,040 1.372 1.372 1.713 ' 1,713 2.064 2,064 2,426 2,426 2,799 2,799 3,183 3,183 3,578 3,578 3,986 2,844
Operating and Admin expenses 10,000 10,000 10,000 10,000 10.000 10,000 10,000 10,000 10.000 10.000 10,000 10,000 10,000 10.000 10.000 10,000 10.000
11,199 11.535 11,535 11,881 11,881 12.237 12,237 12.604 12,604 12,983 12,983 13,372 13,372 13.773 13,773 14,186 13,045
Ending cash available 104 104 104 104 104 104 104 104 104 104 104 104 104 104 104 104 1.245
Mill Levy 5.000 5.000 5.000 5.000 5.000 5.000 5.000 5.000 5.000 5.000 5.000 5.000 5.000 5.000 5.000 5.000 5.000
Capital Projects Fund
Beginning cash available 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Revenues:
Bond proceeds 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Developer advances
0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Expenditures:
Issuance costs
Capitalized interest
Construction 0 0 • 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Ending rash available 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
See Summary of Signilicant Assumptions and Accounting Policies
DSchedule 1
IlllJ�tlS( 111111 Parkview Metro District
Sources and Uses of Cash
For the Years Ended December 31,2000 through 2040
2032 2433 2074 2➢35 2036 7037 2➢]9 21139 2040
General fund
Beginning cash available 1,245 5,650 10.056 14.893 19,730 25,013 30,295 36.036 41,777
Revenues:
Property taxes residential 8,081 8,081 8,324 8,324 8,573 8,573 8,831 8.831 9,096
Property taxes commercial 5,704 5.704 5,875 5,875 6.051 6,051 6,232 6,232 6,419
Specific ownership taxes 827 827 852 852 877 877 904 904 931
Developer advances 0 0 0 0 0 0 0 0 0
14,612 14.612 15,050 15,050 15,502 15,502 15,967 15.967 16.446
Expenditures:
Tax collection fees 207 207 213 213.. 219 219 226 226 233
Repay developer advances
Operating and Admin expenses 10,000 10,000 10,000 10.000 10,000 10,000 10,000 10,000 10.000
10,207 10,207 10.213 10.213 10,219 10,219 10.226 10,226 10,233
Ending cash available 5,650 10,056 14,893 19,730 25,013 30.295 36.036 41,777 47,990
Mill levy 5.000 5.000 5.000 5.000 5.000 5.000 5.000 5.000 5.000
Capital Projects Fund
Beginning cash available 0 0 0 0 0 0 0 0 0
Revenues:
Bond proceeds 0 0 0 0 0 0 0 0 0
Developer advances
0 0 0 0 0 0 0 0 0
Expenditures:
Issuance costs
Capitalized interest
Construction 0 0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0 0
Ending cash available 0 0 0 0 0 0 0 0 0
See Summary of Significant Assumptions and Accounting Policies
Gnp 7
Schedule 1 •
Parkview Metro District
Sources and Uses of Cash
For the Years Ended December 31,2000 through 2040
local 200➢ 7001 2902 21103 2009 2005 2006 2001 200$ 2009 20111 21111 21112 2913 2914
Debt Service Fund
Beginning cash available 0 0 110.500 109,295 108,059 113.000 128,943 111,063 104,020 96,951 91,253 85,596 78,423 69,412 62,085 55.043
Revenues: •
Property taxes residential 1,541,379 0 0 0 8,212 16,669 24,881 33,018 33,018 34.008 34.008 35,029 35,029 36,080 36,080 37,162
Property taxes commercial 544,115 0 0 0 2,513 6,359 8,872 11,652 11,652 12,001 12,001 12,361 12,361 12,732 12,732 13,114
Specific ownership taxes 125,130 0 0 0 643 1,382 2,025 2,680 2,680 2,761 2,761 2,843 2,643 2,929 2,929 3.017
Capitatired interest 110,500 110,500 0 0 0
Tap fee 200.000 51,282 51,282 51,282 46,154 0 0 0 0 0 0 0 0 0 0
Interest income 132,851 2,763 2,732 2,701 5,650 6,447 5,553 5,201 4,848 4,563 4,280 3,921 3,471 3,104 2,152
2.653,976 110.500 54,045 54.014_ 65,352 76.214 42.225 52,903 52,551 53,618 53,333 54,513 54,154 55,211 54,844 56,045
Expenditures: '
Debt service 2,475.650 0 55,250 55,250 60.250 59.925 59,600 59,275 58,950 58,625 58,300 60,975 62,455 61,805 61,155 60,505
Repay developer 131,000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Tax collection fees 31.282 0 0 0 161 345 506 670 670 690 690 711 711 732 732 754
2,637.932 0 55.250 55,250 60,411 60.270 60,106 59,945 59,620 59,315 58,990 61,686 63,166 62.537 61,887 61,259
Ending cash available 16,043 110,500 109.295 108,059 113,000 128.943 111,063 104,020 96.951 91,253 85,596 78,423 69,412 62,085 55,043 49.828
Mill Levy Residential 30.000 30.000 30.000 30.000 30.000 30.000 30.000 30.000 30.000 30.000 30.000 30.000 30.000 30.000 30.000
Mill Levy Commercial 15.000 15.000 15.000 15.000 15.000 15.000 15.000 15.000 15.000 15.000 15.000 15.000 15.000 15.000 15.000
Assessed Valuation and Absorption
Assessed valuation homes 1000's)
Beginning 0 0 274 556 829 1,101 1,101 1,134 1,134 1,168 1,168 1,203 1,203
Biannual reassessement l3%I 286 8 25 33 34 35 36
Increase for new construction 1.068 0 274 274 274 246 0 0 0 0 0 0 0
Ending 1,068 0 0 0 274 556 829 1,101 1,101 1,134 1,134 1.168 1,168 1,203 1,203 1,239
Absorption(units) 78 0 20 20 20 18 0 0 0 0 0 0 0 0 0 0
-
Assessed valuation commercial 1000'sl '
Beginning 0 0 168 424 591 777 777 800 800 824 824 849 849
Biannual t eassessement 13%l 201 5 18 23 24 25 25
Increase for new construction 754 0 168 251 168 168 0 0 0 0 0 0 0 0
Ending 754 0 0 0 168 424 591 777 777 800 800 824 824 849 849 874
See Summary of Significant Assumptions and Accounting Policies
•
0 mo) J(ri I r
V w te ll 7 Parkviaw Metro District Schedule 1
Sources and Uses of Cash
For the Years Ended December 31,2000 through 2040
2015 7016 2012 2018 7010 2020 21121 21122 2023 2029 2025 2026 21122 21126 21122 703Q 2031
Debt Service Fund
Beginning cash available 49,828 45,003 42,162 39,830 34,654 30195 28,160 26,998 28,475 28.001 26.477 28,277 33,295 34,863 40,016 37,053 43,154
Revenues:
Property taxes residential 37,162 38.277 38,277 39,425 39.425 40.608 40,608 41,826 41,826 43.061 43,081 44,373 44,373 45,704 45,704 47,076 47,076
Property taxes commercial 13,114 13,507 13,507 13,913 13,913 14,330 14,330 14.760 14.760 15,203 15,203 15,659 15,659 16,128 16,128 16,612 16,612
Specific ownership taxes 3,017 3,107 3,107 3,200 3,200 3,296 3,296 3.395 3,395 3.497 3.497 3,602 3,602 3,710 3,710 3.821 3,821
Capitalised interest
Tap lee 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Interest income 2,491 2.250 2,108 1,991 1.733 1,510 1,408 1.350 1.424 1,300 1,324 1,414 1,665 1,743 2,001 1,853 2,158
55.784 57,141 56,999 58,529. 58,271 59,744 59.642 61,331 61,405 63,081 63,104 65,048 65,299 61,286 67,544 69.362 69.667
Expenditures:
Debt service 59.855 59.205 58,555 62.905 61.930 60.955 59,980 59,005 63.030 61,730 60,430 59,130 62,830 61,205 69,580 62,305 60,355
Repay developer 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Tax collection lees 754 777 777 800 800 824 824 849 849 874 874 900 900 927 927 955 955
60,609 59.982 59,332 63,705 62.730 61,779 60,804 59,854 63,879 62,604 61,304 60,030 63,730 62,132 70,507 63,260 61,310
Ending cash available 45,003 42,162 39.830 34.654 30.195 28,160 26,998 28,475 26,001 26.477 28,277 33,195 34,863 40,016 37,053 43,154 51,511
Mill levy Residential 30.000 30.000 30.000 30.000 30.000 30.000 30.000 30.000 30.000 30.000 30.000 30.000 30.000 30.000 30.000 30.000 30.000
Mill levy Commercial 15.000 15.000 15.000 15.000 15.000 15.000 15.000 15.000 15.000 15.000 15.000 15.000 15.000 15.000 15.000 15.000 15.000
Assessed Valuation and Absorption
Assessed valuation homes 1000's)
Beginning 1,239 1,239 1,276 1,276 1,314 1,314 1,354 1.354 1,394 1,394 1,436 1,436 1,479 1,479 1,523 1,523 1,569
Biannual reassessement l3%1 37 38 39 41 42 43 44 46
Increase for new construction
Ending 1,239 1,276 1.276 1.314 1.314 1,354 1,354 1,394 1,394 1,436 1,436 1,479 1,479 1,523 1,523 1,569 1,569
Absorptionlunitsl 0 0 0 0 _. 0 0 0 0 _ 0__ ____0^_ __ 0 0 0 0 0 0 0
[Assessed valuation commercial 1000's) •
Beginning 874 874 900 900 928 928 955 955 984 984 1,014 1,014 1,044 1.044 1,075 1,075 1,107
Biannual reassessement l3%1 26 27 28 29 30 30 31 32
Increase for new construction 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Ending 874 900 900 928 928 955 955 984 984 1,014 1,014 1,044 1,044 ...1,075 1,075 1,107 1,107
See Summary of Signilicant Assumptions and Accounting Policies
D^,111CJff�1��t1, Schedule 1
't' Parkview Metro District
Sources and Uses of Cash
For the Years Ended December 31,2000 through 2040
2032 2013 2034 2035 20]8 2011 7038 2038 21140
Debt Service Fund
Beginning cash available 51,511 54.232 64,689 80,001 93,353 112,091 129,365 147.611 170,018
Revenues:
Property taxes residential 48,488 48,488 49,943 49,943 51,441 51,441 52,984 52,984 54.574
Property taxes commercial 17,111 17,111 17,629 17,624 18,153 18,153 18,697 18.697 19,258
Specific ownership taxes 3,936 3,936 4,054 4,054 4,176 4,176 4,301 4,301 4,430
Capitalized interest
Tap lee 0 0 0 0 0 0 0 0 0
Interest income 2,576 2,712 3,234 4,000 4,668 5,605 6,468 7,381 8,501
72,110 72,246 74,855 75,6211 78.437 79,374 82.451 83,363 86,763
Expenditures:
Debt service 68.405 60,805 58.530 61,255 58,655 61,055 63,130 59,880 108.630
Repay developer 0 0 0 0 0 0 0 0 131,000
Tax collection lees 984 984 1,013 1,013 1,094 1.044 1,075 1.075 1,107
69.389 61,789 59,543 62,268 59,699 62,099 64,205 60,955 290,737
Ending cash available 54,232 64.689 80.001 93.353 112,091 129.365 147,611 110,018 16,043
Mill Levy Residential 30.000 30.000 30.000 30.000 30.000 30.000 30.000 30.000 30.000
Mill Levy Commercial 15.000 15.000 15.000 15.000 15.000 15.000 15.000 15.000 15.000 •
Assessed Valuation and Absorption
Assessed valuation homes 1000'sl
Beginning 1,569 1,616 1,616 1,665 1,665 1,115 1315 1,766 1,766
Biannual reassessement 13%l 47 48 50 51 53
Increase for new construction
Ending 1,616 1,616 1,665 1,665 1.715 1,715 1,766 1,766 1,819
Absorption lunitsl 0 0 0 0 0 0 0 0 0
Assessed valuation commercial 1000'sl '
Beginning 1,107 1,141 1,141 1,175 1,175 1,210 1,210 1,246 1,246
Biannual reassessement 13%1 33 34 35 36 37
Increase far new construction 0 0 0 0 0 0 0 0 0
Ending 1,141 1,141 1,175 1.175 1,210 1,210 1_246 1,246 1,284
See Summar/of Significant Assumptions and Accounting Policies
f J\7 u Parkview Metro District
Debt Service Schedule Schedule 2
U I�`�
for the Years ended 2000 through 2040
Total Annual
Principal Coupon Interest Payment Payment Balance
2000 850,000
2001 27,625 27,625 850,000
2001 27,625 27,825 55,250 850,000
2002 27,625 27,625 850,000
2002 27,625 27,625 55.250 850,000
2003 27,625 27,625 850,000
2003 5,000 6.50% 27,625 32,625 60,250 845,000
2004 27,463 27,463 845,000 •
2004 5,000 6.50% 27,463 32,463 59,925 840,000
2005 27,300 27,300 840,000
2005 5,000 6.50% 27,300 32,300 59,600 835,000
2006 27,138 27,138 835,000
2006 5,000 6.50% 27,138 32,138 59,275 830,000
2007 26,975 26.975 830,000
2007 5,000 6.50% 26,975 31,975 58,950 825,000
2008 26,813 26,813 825,000
2008 5,000 6.50% 26,813 31,813 58,625 820,000
2009 26,650 26,650 820,000
2009 5,000 6.50% 26,650 31,650 58,300 815,000
2010 26,488 26,488 815,000
2010 8,000 6.50% 26,488 34488 60,975 807,000
2011 26,228 26,228 807,000
2011 10,000 6.50% 26,228 36,228 62,455 797,000
2012 25,903 25,903 797,000
2012 10,000 6.50% 25,903 35,903 61,805 787,000
2013 25,578 25,578 787,000
2013 10,000 6.50% 25,578 35,578 61,155 777,000
2014 25,253 25,253 777,000
2014 10,000 6.50% 25,253 35,253 60,505 767,000
2015 24,928 24,928 767,000
2015 10,000 6.50% 24,928 34,928 59,855 757,000
2016 24,603 24,603 757,000
2016 10,000 _ 6.50% 24,603 34,603 59,205 747,000
2017 24,278 24,278 747,000
2017 10,000 6.50% 24,278 34,278 58,555 737,000
2018 23,953 23,953 737,000
2018 15,000 6.50% 23,953 38,953 62,905 722,000
2019 23,465 23,465 722,000
2019 15,000 6.50% 23,465 38,465 61,930 707,000
2020 22,978 22,978 707,000
2020 15,000 6.50% 22,978 37,978 60,955 692,000
2021 22,490 22,490 692,000
2021 15,000 6.50% 22,490 37,490 59,980 677,000
2022 22,003 22.003 677,000
2022 15,000 6.50% 22,003 37,003 59,005 662,000
2023 21,515 21,515 662,000
2023 20,000 6.50% 21.515 41,515 63,030 642,000
2024 20,865 20,865 642,000
2024 20,000 6.50% 20,865 40,865 61,730 622,000
2025 20,215 20,215 622.000
2025 20,000 6.50% 20,215 40,215 60,430 602,000
2026 19,565 19,565 602,000
2026 20,000 6.50% 19,565 39,565 59,130 582,000
See Summary of Significant Assumptions and Accounting Policies
Parkview Metro District - Schedule 2
Debt Service Schedule
�� \� For the Years ended 2000 through 2040
�� ��
C11 L
y~' , Total Annual
Principal Coupon Interest Payment Payment Balance
2027 18,915 18,915 582,000
2027 25,000 6.50% 18,915 43,915 62,830 557,000
2028 18,103 18,103 557,000
2028 25,000 6.50% 18,103 43,103 61,205 532,000
2029 17,290 17,290 532,000
2029 35,000 6.50% 17,290 52,290 69,580 497,000
2030 16,153 16,153 497,000
2030 30,000 6.50% 16,153 46,153 62,305 467,000
2031 15,178 15,178 467,000
2031 30,000 6.50% 15,178 45,178 60,355 437,000
2032 14,203 14,203 437,000
2032 40,000 6.50% 14,203 54,203 68,405 397,000
2033 12,903 12,903 397,000
2033 35,000 6.50% 12,903 47,903 60,805 362,000
2034 11,765 11,765 362,000
2034 35,000 6.50% 11,765 46,765 58,530 327,000 .
2035 10,628 10,628 327,000
2035 40,000 6.50% 10,628 50,628 61,255 287,000
2036 9,328 9,328 287,000
2036 40,000 6.50% 9,328 49,328 58,655 247,000
2037 8,028 8,028 247,000
2037 45,000 6.50% 8,028 53,028 61.055 202,000
2038 6,565 6,565 202,000
2038 50,000 6.50% 6,565 56,565 63,130 152,000
2039 4,940 4,940 152,000
2039 50,000 6.50% 4,940 54,940 59,880 102,000
2040 3,315 3,315 102.000
2040 102,000 0 3,315 105,315 108,630 0
850,000 1.625,650 2,475,650 2,475.650
Assumptions
Bond Sizing 850,000
Issuance costs 3.00%
Phase I Cost 825,000
Interest Rate 6.50%
Average Payment 38 yrs 30,337
•
See Summary of Significant Assumptions and Accounting Policies
•
•
O)Di /l(�_� FIT Schedule 3
Di 111111 Parkview Metro District
Schedule of Forecasted Absorption,Market Values and Assessed Valuation
For the Years Ended December 31,2000 through 2010
Schedule of Absorption
Market
Schedule of Absorption(Homes) Values Total 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010
Homes 140,513 78 0 20 20 20 18 0 0 0 0 0 0
Comme¢ial Acres 577,778 1.0 1.5 1.0 1.0
.
Schedule of Market Values
Homes 10,960,000 0 2,810,256 2,810,256 2,610,256 2,529,231 0 0 0 0 0 0
Commercial 2,600,000 577,778 866,661 577,118 577,718 . 0 0 0 0
Increase in Assessed Valuation ,
Homes 9.74% 1,067,504 0 213,719 273,719 273,719 246,347 0 0 0 0 0 0
Commercial 29.0% 754,000 0 0 0 167,556 251,333 167,556 167,556 0 0 0 0
See Summary of Significant Assumptions and Accounting Policies
Parkview Metropolitan District
Summary of Significant Assumptions and Accounting Policies
December 31, 2000 through 2040
•
The foregoing forecast presents,to the best of the Developer's knowledge and belief,the expected cash receipts and
disbursements for the forecast period. Accordingly,the forecast reflects its Judgement as of July 5, 2000. The
assumptions disclosed herein are those that management believes are significant to the forecast. There will usually •
be differences between the forecasted and actual results,because events and circumstances frequently do not occur
as expected,and those differences may be material.
The purpose of this forecast is to show the amount of funds available for District operations and debt retirement with
the issuance of a proposed S650,000 bond issue in 2000.(Schedules 1 and 2).
Note 1: Ad Valorem Texas
The primary source of revenue for the District will be the collection of ad valorem taxes. Residential
property is currently assessed at 9.74% of market values. Commercial property is assessed at 29% of
market value. Market values for residential homes are estimated to be $140,513 for 2000. Commercial
property is forecasted to have a market value of $2,600,000 for 4.5 acres. All property is assumed to
inflate at 3% biannually thereafter.
Property is assumed to be assessed annually as of January 1st. Property included in this forecast is
assumed to be assessed on the January 1"subsequent to completion. The forecast recognizes the related
rt,_ property taxes as revenue in the subsequent year.
The County Treasurer currently charges a 1.5% fee for the collection of property taxes. These charges are
reflected in the accompanying forecast as tax collection fees,
The forecast assumes that Specific Ownership Taxes collected on motor vehicle registrations will be 6% of
0 property taxes collected.
The mill levy imposed by the District is proposed to equal 5 mills for operating and 30 mills on residential
and 15 mills on commercial for debt service.
Note 2: Development Fees
The District currently imposes a development fee totaling $200,000 which is collected an both the
residential and commercial property. -
Note 3: Interest Income
Interest income is assumed to be earned at 5.0% per annum. Interest income is based on the year's
beginning cash balance and an estimate of the timing of the receipt of revenues and the outflow of
disbursements during the course of the year.
Summary of Significant Assumptions and Accounting Policies
December 31, 2000 through 2040
Note 4: Bond Assumptions
The Districts propose the issuance of variable rate limited tax general obligation bands totaling $850,000
in 2000. The bonds will be secured by a limited mill levy cap of 50 mills,and development fees(the forecast
assumes that the mil level will not exceed 30 mills for residential and 15 for commercial property). The
bonds will have a maturity of 40 years from the date of issuance and a total rate of 6.5% per annum. It is
estimated that $110,500 of the band proceeds will be available for the payment of interest in 2001 and
2002. 525,000 of the proceeds will be available for bond issuance costs. The forecast estimates that the
bonds will be dated December 1,2000 and commence the payment of interest on June 1, 2001. Schedule
2 reflects the proposed repayment schedule of these bonds.
Note 5: Construction Costs
Construction costs are forecasted to total$1,870,000 of which a portion representing construction costs.
No provision for inflation has been provided for in the forecast.
Note 5: 0oeratina and Administrative Expenses
Administrative expenses far legal,accounting, audit, management and maintenance are forecasted to be
$10,000 per year. No inflation is provided for operating and administrative expenses.
EXHIBIT C
Statutory Contents of this Service Plan
I. A description of the proposed services;
II. A financial plan showing how the proposed services are to be financed;
III. A preliminary engineering or architectural survey showing how the proposed
services are to be provided;
IV. A map of the Districts' boundaries and an estimate of the population and valuation
for assessment of the Districts;
V. 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 Districts are
compatible with facility and service standards of Severance and of municipalities and special
districts which are interested parties pursuant to § 32-1-204(1), C.R.S.;
VI. A general description of the estimated cost of acquiring land, engineering
services, legal services, administrative services, initial proposed indebtedness and estimated
proposed maximum interest rates and discounts, and other major expenses related to the
organization and initial operation of the Districts;
VII. A description of any arrangement or proposed agreement with any political
subdivision for the performance of any services between the Districts and such other political
subdivisions;
VIII. Information satisfactory to establish that each of the following criteria as set forth
in § 32-1-203, C.R.S., has been met:
(a) That there is sufficient existing and projected need for organized service in the
area to be served by the Districts;
(b) That the existing service in the area to be served by the Districts is inadequate for
the present and projected needs;
(c) That the Districts are capable of providing economical and sufficient service to
the area within their boundaries;
(d) That the area to be included in the Districts has, or will have, the financial ability
to discharge the proposed indebtedness on a reasonable basis;
(e) That adequate service is not, or will not be available to the area through
Severance, other existing municipal or quasi-municipal corporations, including existing special
districts, within a reasonable time and on a comparable basis;
(f) That.the facility and service standards of the Districts are compatible with the
facility and service standards of Severance within which the Districts are to be located and each
municipality which is an interested party under§ 32-1-204(1), C.R.S.;
(g) The proposal is in substantial compliance with any master plan adopted pursuant
to § 30-28-106, C.R.S.;
(h) That the proposal is in compliance with any duly adopted Town, county, regional,
or state long-range water quality management plan for the area; and
(i) That the formation of the Districts will be in the best interests of the area
proposed to be served.
Weld Comm Road:[ / ` The entire ParkView Metropolitan
District shall be zoned Planned Unit
\\-\\‘‘ NN N\C-ft1O\N \"---- I r
Development-PUD
Mind '...._
school Sim
illj nt n
Illalliii
ZSuO1 Famil _
c Nm[mmow. ( H� �
li I .,=, ,�--� _ 1
F
\ Co Nmn _
; l�i
g oo �._ -
Swim
Cammimiry PukI I . e
0 200' 300' 400' North
Scale 1..
a=200'-0'
Figure 1:
Development Plan
PARKVIEW
R K V I E W
Metropolitan District
i
MN
Legend
District 2 District I District Number
Weld County Road IJ J L
District Boundary
Maed
School Site .; . .�
i District I
District 3
C smw+' �! 11111 � mL1LI
their
1 ._ lun Districts
,A a
OOO
OI ri a
o oII . , i � ',
s H1e
�
ComounIty Park
200' 300' 400' North
Scale 1'=200c0'
District 4
r.l Figure 2: -
Map of Districts
PARKVIEW
Metropolitan District
Legend
Stub for Future Tie-in / 10" Water Line Size
W°M County Road 23 J L (+ Water Line
,is",\N\•, \,,,,N.\S�ms,\\s. N\ \‘, \
MW wY
wall • Hydrant Blowoff,typical
I
11 I School Sae I t I
�YYYYYT°'. YYYYY —
C—Existing 10"Line
ya
Stag, Faced /I IIIt ' 1111 � 1
\ `i $u1flu1iui ail i
•
sari.}Ill I H et
Community Pak
0 200' 300' 400' North
Scale 1'=200'-0'
Figure 3:
Potable Water System
P A R K V I E W
Metropolitan District
1%i
PART OF "FIGURE 3"
ULTIMATE WATER DEMAND CALCULATIONS
PARKVIEW
METROPOLITAN DISTRICT
FLOW
POTABLE DEMAND gpd afy
RESIDENTIAL
In-House Potable Use 19,500 163
78 dux 2.5 ppdu x 100 gpcd
Irrigation
Non Potable Source
COMMERCIAL
Inside potable Use 3,000 25
3.0 ac x 1000 gpad
Irrigation
Non Potable Source
SCHOOL
20 gpd per Capita 4,000 34
Assume 200 Students &
Staff
PARK ! OPEN SPACE
Non Potable Source 0 0
TOTAL 26,500 222
Irrigation demands are based on 210 day season
Legend
Irrigation Water Line
Weld County Road u i ` • Community Tap,typical
\\\\\w\ \N''\\\\ n\\\\\\\' �\\\Nr
I 1 � I 0 IrriPumpsgation
Wells and IIIIIII School SiteIIIII1111111111111
I �I — T e
II i a
Simi.F.mill V
O ti
Community `0) — ��ft/ gog
S
� A
5I H e
Community Park
1
0 200' 300' 400' North
\\ Scale?=zoa-o•
Figure 4:
Irrigation Water Distribution Plan
P A R K V I E W
Metropolitan District
O
r
Legend
Direction of Flow
Stub for Future Tie-in
Weld County Roan- - l L —4— Sewer Line
Mind lt..__:. I
J UL • Manhole,typical
School Sae
II 1I I I I I )G
q —JI _ 119
....tun', \ w
/ / N..g thorn �\I it V'I ����
r
V
° ) Egli ll 3 E.i> it e ' I H . e
Comsuty Put
JI
0 200' 300' 400' North
V.
Scale 1"=200-0"
r Figure 5:
Sanitary Sewer Plan
PARKVIEW
R K V I E W
Metropolitan District
MUM
Part of"Figure 5"
WASTEWATER FLOW CALCULATIONS
TOTAL GPD
RESIDENTIAL
19,500
78 dux 2.5 ppdu x 100 gpcd
COMMERCIAL
3.0 acre x 1000 gpad 3,000
SCHOOL
20 GPD x 200 Students/Staff 4,000
TOTAL 26,500
Legend
Improved by Metro District-
Dedicated and Maintained by
Minor Arterial with Parking Town of Severance
w..14 . .. Raid 13
"*“.;:;',4*;:;:;:;0 ImproOwned dy Metro Ddbyt-
-��' Mixed Owned and Maintained by
..•.
Metro District
School Site I
l -u Local-Detached Sidewalk �:;............... .. �
II�-•s Local-Attached Sidewalk
Sing' Fail) I,
Nait
O p O — � s
Minor Arterial
&alias
el
Community Pah
0 200' 300' 400' North
Scale i'=200'-0'
Figure 6: •
Street Plan
\� ! PARKVIEW
Metropolitan District
j
Part of"Figure 6"
STREET STANDARDS
PARAMETER ROADWAY TYPE
Minor Arterial Minor Arterial Local with attached Local with detached
with parking sidewalk sidewalk
Design Speed (MPH) 4045 25 4045 3540
Maximum Grade (%) 5 5 7 7
Minimum Grade (%) 0.4 0.4 0.4 0.4
ROW Width (FT) 75 97 50 50 —
Pavement Width (FT) 36 36 30 30 —
Turn Lane Width (FT) 12 12 0 0 —
Width of Lanes (FT) 12 12 11 11 Number of Lanes 2 with 2 with left 2 2
center turn hand turn
lane lane
Parking (FT) No Parking 20.5 deep 8 wide 8 wide
x 8 wide (one side only) (one side only)
Diagonal Parallel Parallel
Sidewalk Width (FT) 5 10 5 5
Tree Lawn Width (FT) 5 I 0 0 5
50.0'R.O.W. 75.0' Raw.
/ / / /
Tree Parallel Tree Tree Travel Center Travel Tree
iidewalk Lawn Parking Travel Lane Travel Lane Lawn Sidewalk Sidewalk Lawn Lane Turn Lane Lane Lawn Sidewalk
5.0' 50'11 8.0' ¶ 11.0' ¶ 11.0' ¶5.0' 5.0 ¶5.0'15.0'/ 12.0' 12.0' XIIII 12.0' /5.0'�5.0'.1 1 )1 a`-
Local Street- with Detached Sidewalk Minor Arterial
Scale I"=10'-0" Scale 1 10'-0"
I 97.0' R.O.W.
Sidewalk Diagonal Parking Travel Lane Left Turn Lane Travel Lane Diagonal Parking Sidewalk
10.0' / 20.5' / 12.0' / 12.0' / 12.0' / 20.5' / 10.0'
Minor Arterial with Diagonal Parking
Scale 1"=10'-0"
/ 50.0'R.O.w. Fi e 7:
Tree Parallel Tree 1 Street Sections
Lawn Sidewalk Parking Travel Lane Travel Lane Sidewalk Lawn
5.0't5.0't 8.0' / 11.0' 11.0' 5.0' 5.0'
/
PARKVIEW
R K V I E W
Metropolitan District
•
Local Street - with Attached Sidewalk
Scale I"=10'-0" WM
Legend
rDirection of Flow
wet,'couwr Road 23 J k, —C— Conveyance
a \ .a —a` 1.-
Mixed Mixed �..... W I II
School Site
1 I I On-site Detention — > t I! -
if necessary r I .-
Detention of Storm Water shall be on-site
> ‘.O > > where applicable or off-site in the Park or
Z s I .,� ��, Greenbelt areas if needed. Water Quality
""s°°'°°°�i� i from this development shall be managed using
grass swales,erosion control devices and
IIy 1 _.II g other Best Management Practices.
i
Julio L l el
a Iv Ditch I c��ry can skin0 200' 300' 400' North
P=200'-0'
Figure 8:
Storm Sewer Plan
PARKVIEW
R K V I E W
Metropolitan District
•
MUM
Legend
Recreational Facilities
Weld Couoy Road 23 J - .
taxed m
uunnmi �nifw
School Sae LLullW u
l
ru f
Q
I 11
5 -w / r
Nut. I� _� 0
J
L
l ! O #
\ 1/o O 11 O ` n
9 H et
CommunityCommunityPark
Seem
0 200' 300' 400' North
Scale 1"=200•-0'
Community Park
Figure 9:
Recreational Facilities
PARKVIEW
R K V I E W
Metropolitan District
TABLE 1
Development Projections
Single family Lots
No. of Units Acreage Units per Acre % of Total Average
32 6.05 ± 5.3/Acre 15.8%
Duplex College Homes
2.97 ± 8/Acre 7.8%
24
3-4-plex Townhouses 1.88 + 12/Acre 4.9%
22
Commercial/school 4.42 n/a 11.6%
site
Recreational 16.46 n/a 43.0%
areas/greenways
Right of Way 6.47 n/a 16.9%
TOTAL = 78 UNITS 38.25 n/a 100%
TABLE 2
TOTAL COST SUMMARY*
The total capital facilities costs are summarized as follows and are described In further detail in the Exhibits:
Drainage Improvements 62,400
Street Improvements 1,040,700
Potable Water System 117,000
Raw Water System 59,500
Wastewater System 140,400
Recreational Facilities/Greenways 450,000
Transportation 0
Mosquito Control 0
TOTAL 1,870,000
*These amounts include completion,construction,acquisition and/or installations of the proposed facilities.
These amounts do not Include the costs of organizing the District nor financing costs,or inflation:
These costs do include contingencies,design and construction engineering,construction management,and
other capitalized engineering costs.
Hello