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HomeMy WebLinkAbout992788.tiff GRIMSI3AW & HARRING A PROFESSIONAL CORPORATION ATTORNEYS AT LAW SUITE 3800 '' l 1700 LINCOLN STREET DENVER. COLORADO 80203-4538 TELEPHONE(30:3)839-3800 TELECOPIER(303) 839-3838 E-MAIL MAILBOX@GRIMSHA W HAHRINO.COM November 10, 1999 Board of County Commissioners Weld County 915 10th Street Greeley, CO 80632 Re: Tri-Pointe Residential Metropolitan District Dear Commissioners: Pursuant to Section 32-1-1101.5(11, C.R.S., I am enclosing a copy of the Certified Statement of Election Results for the special election of the District held November 2, 1999. Please place it in the District's file. If you have any questions or need any additional information, please contact either Matt Dalton at (303) 839-3706 or me at (303) 839-3912. Thank you. Sincerely, GRIMSHAW & HARRING, A Professional Corporation J—J) A-adi-a-nernU Susan J. Schledorn Legal Assistant Enclosure cc: Colorado Department of Regulatory Agencies, Division of Securities (via certified mail - P 052 685 743) VIA CERTIFIED MAIL - RETURN RECEIPT REQUESTED - P 191 652 800 ,)•a/l'Ai, 4 ytl 992788 ('EITIFIED STATEMENT OF ELECTION RESULTS NOVEMBER 2, 1999 SPECIAL ELECTION TRI-POINTE RESIDENTIAL METROPOLITAN DISTRICT WELD COUNTY, COLORADO It is hereby certified by the undersigned members of the Canvass Board who surveyed the election returns pre-)ared by the election judges for the Tri-Pointe Residential Metropolitan District mail ballot election held on Tuesday. the 2nd day of November, 1999, that the results of said elect ion are as follows: QUESTION SA "SHALL TRI-POINTE RESIDENTIAL METROPOLITAN DISTRICT TAXES BE INCREASED $1,000 000.00 IN 2000 FOR COITECI ION IN 2001, ANT) BY THE SAME AMOUNT AS ADJUSTED FOR INFLATION PI I.'5 ANNUAL LOCAL GPOWTII IN EACH SUBSEQUENT FISCAL YEAR THEREAFTER. 10 PAY IN PAM"'HF DISTRICTS GENERAL COST OF OPERATIONS AND MAINTENANCE; SUCH TAXES TO CONSIST OE AN AD VALOREM MII I. LEVY WIIICII SHALL BE IMPOSED WITHOUT LIMITATION OF RATI. AND IN AMOI SIIEEIC.I '1NT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR Sl ICI I LESSER AMOUNT AS MAY P E NECESSARY;AND SHALL THE REVENUE FROM SUCH TAXES AND INVESTMI N I INCOME IIIEREON, CONSTITUTE VOTER-APPROVED REVENUE CHANGES AND BE COLLECTED AND SPENT BY THE DIS;IRI('T WITHOUT REGARD TO ANY SPENDING, REVENUE-RAISING OR OTHER I.IMITAIION CONTAINED WITHIN ARTICLE X,SECTION 20 OF THE COLORADO CONSTITUTION, OR IN SECTION 29-1-301, COLORADO REVISED STATUTES, AND WITHOUT LIMITING IN ANY YEAR TIIE AMOI:NT OF OTHER REVENUES THAT MAY BE COLLECTED AND SPENT BY TIIE DISTRICT"'" Yes 5 No 0 QUESTION SI3 "SI IALL TRI-POINIE RESIDENTIAL METROPOLITAN DISTRICT DEBT BE INCREASED $10,000,000, WITH A REPAYMENT COST OF NOT TO EXCEED $40,000,000; AND SHALE 'I RI-PCIN IF RE.SIDEN"IlAI. METROPOLITAN DISIRI(`I TAXES BE INCREASED S10,000.000 ANNUALLY, OR BY SU('II LESSER ANNt AL AMOt1N I' AS MAY BF NECESSARY TO PROVIDE FOR TIIE PAYMENT OF SUCH I)IS:I RI("I'DIIfl (WIIICII TAX INCREASE AND MAXIMI M REPAYMENT('OSTAREMAXIMUM NUMBERS WIIICI't All OW FOR I I IF 'POSS11311"1 EY OE NO TAX ('OLLECTIONS OR DEBT PAYMENTS UNTIL SUCH DEBT MATT RI St SUCH DEIST TO CUNSISE OE (&ENI.RAI. OBLIGATION BONDS OR (VIER OBI [GALLONS FOR IIII. I'l:RPOSF.OF PAYING T I IE COSTS OF,AC'QUIRIN(;,CONS ERUCTING,OR OTI'FRWISE PROVIDING W Al I.R FOIL DOMESTIC AND ()IIILR PLRI.IC AND PRIVATE PURPOSES BY ANY AVAIL_.AI01.I' MEANS. IN('LI IDINC WI'1110111 I.IMII A [ION TRANSMISSION LINES. DISTRIBUTION MAINS AND LA I ERAI S. RESERVOIRS, UREAIMIEN'I WORKS..ANDALI EiQIIIPMICNT,LAND.I3ASEMFN ES,AND AP I'I''RTINAN+"PS NECESSARY OR APPROPRIATE IN ( ONNI:("I ION ll IFRI'WIIII; SUCH DEBT TO BEAR INII!RI S 1 Al A NEl ITI'('l Ivy II . .RI S RATE NO"I IN EXCESS OE 15% PER ANNUM. SILT] IN I 11WS'I lO 13r PAYAI31T. AT SI ("I' TIMIE OR'IIMES ANI) WIII('ll MAY ('OMPOI'NI) ANNUALLY OR SEMI.ANAtlAI I.Y AS MAY IC: DE I IRIvAINI:I) IG' THE DItiI RAGE.SI1('ll D1131 10 BE ISSUED A II ONE 'I INII'Ul: FROM l IM11 LO TIME AND IO VA'I I112E 21213E I' VYABI.IIIN NOT MORE THAN 20 YEARS Al. I ER ISSI ':AA( I . "Ii 131. PAID FROM ANY I_IIGAI-I Y AVAILABLE MONEYS OE 111k DISTRICT, IN( I.I.DIV] IIIII TROUT l,DS UI AI)VAI.OL'.I:.M PROPER IYIAXES:SI1(IVI AXES-IY)CONSISTOE AN AD VALOREMNIII_II_ AY IMPOST I) WIIIIOI1I I.IMI IA LION DE RA I I OIL WI I II SU('II LIMITATIONS AS MAY BE DI:l E RMINI.I) BY "IIII' BOARD.AND IN AND WIN NIS SI ITICIEN I TO PRODUCT"THE ANNUAL INCREASE Ski FORT!! AI3OVL�HL Sl ICII I_LSSIIR ANIOUN [AS MAY RI NECESSARY,TO BE USED SOLELY IOR IIIL PI IRPOSE OF PAYING 'llli[ PRINCIPAL or, PREMIUM II ANY, AND INTEREST ON THE Ns riticr S DEBT \NI) SIIAI L TIHE PROCIEDS OE ANY SI ICII 1)1 131 AND TIIE PROCEEDS OE SUCH TAXES, ANY Ol1-1ER RI A iINLl- I SI-I) "I()PAY SI ICII DEBT.ANI) INA'TSI'MTN I INCOME THEREON CONSI I1'Ii FE VO"I EICAI'PROA F )RII-VENI -E CHANGES AND BE( OLLLCI T) .AND SPENT I3Y [HE DISTRICT W'I'I-HOT Il REGARD lY) ANY SPENDING, REVEENUE-RAISING. OR OTIIER I-IMI I-ATION CONTAINED WIIIIIN AR-IICLE X. SECTION 20 OP 1 I IE (()I ORADO CONSITII: I ION'II Ye '-i No QUESTION SC "SHALL l'Rl-POIN LE RESIDENTIAL MEIROPOLII'AN DISTRICT DEBT BE INCREASED $10.00: .000. WI III A REPAYMENT COST OF NOT TO EXCEED $40,000,000; AND SHALL TRI-POIN'TE RESIDENTIAL. METROPOLITAN DISTRICT TAXES BE INCREASED $10,000,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PROVIDE FOR THE PAYMENT OF SI ICI I DISTRICT DEBT (WHICH TAX INCREASE AND MAXIMI IM REPAYMENTCOST ARE MAXIMUM NUMBERS WHICH ALLOW FOR TI IF POSSIBILITY OF NO I AX COLLECTIONS OR DEBT PAYMENTS UNTIL.SUCH DEI3I MATURES); SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS OR OTHER OBLIGATIONS FOR THE PURPOSE OF PAYING 'THF COSTS OF ACQUIRING, CONSTRUCTING, OR OTHERWISE PROVIDING SANITARY SEWAGE COLLECIION, TRANSMISSION, TREATMENT AND DISPOSAL FACII.I"f115, TOGETHER WITH ALI. NECESSARY. INCIDENTAL AND APPURTENANT PROPERTIES, EACH EELS, EQUIPMENT AND ('OS TS AND ALL LAND, EASEMENTS, AND APPURTENANCES NECESSARY OR A PPROPRIA LE IN CONNE('"I ION THEREWITH:SUCH DEBT TO BEAR INTEREST AT A NE I EFFECTIVE INTEREST RATE NO"I-IN EXCESS OF PER ANNUM, SUCII INTEREST TO BE PAYABI E A l-SUCI I TIME OR TIMES AND WIIIC'I I MAY COMPOI'1ND ANNUALLY OR SEMIANNUALLY AS MAY BE DETERMINED BY THE DI:SERR I, SI!CI IDI'I3ITOBEISSUEDAT ONE IIMEOR FROM TIME TO TIME ANDTOMATURE OR BE PAYABLE IN' NOT MORE 1!IAN 20 YEARS AFTER ISSUANCE,TO BE PAID FROM ANY LF_GAl.I.Y AVAII.ABLI1 MONF."S OF IIIII DISTRICT. INCLUDING THE PROCEEDS OE AD VALOREM PROPER I Y TAXES; SU( I I l AXES TO CONSIST OE AN AD VALOREM MILL LEVY IMPOSED W1THOIIT LIMITATION OF RAI-L OR WITI I S_1CI I LIMITATIONS AS MAY BE DE'IER.MINED BY THE BOARD. AND IN AMC" N IS SUFEI('IENT TO PRO )(VI. I III ANNI; AL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO 13E USED SOLELY 'OR THE PURPOSE OF PAYING "Illy. PRINCIPAL. OE. I'RPMII:M IP ANY,AND IN I FRESI ON Il IE DIS I'RIC'E'S DEBT;AND SHALL l I IE-PROCEEDS O1 :ANY SE'l I DEBT AND THE PROCEEDS Of. SUCH FAXES. ANY O-TITER REVENUE USED-I O PAT' SUCH DEB I', ANI) INVESI MEN I IN( OMI' 11I11RIEON ('ONSIITUIE VOIIER-APPROVED REVENUE CHANGES AND I31i COLLECTED AND SI'ENI I31' 111E DISIRI('I'WIIHOII1 REGARD TO ANY SPENDING. REVENI .I.-RAISIN( L OR O"VHF R ElMIIAIION ( ONLAINIID WIIIIIN ARTICLE X, SEC IION 20 OI THE UOLOR:AI)O CONS IIII LION '" Yes y- No 0 7 QUESTION 5D "SHALT TRI-POINFE RIISIDLN'I IAI_ MI.IROPOI-II:AN DISTRICT DEI3TBE: INCREASED Sl 0j' '0.ONO. UI ] II A RII'AYMI ICNI ('OST OF NOT TO EXCEED S40,000,000; AND SIIAI.1. TIZI-POINFl 61.ISIDIENI IAI_ MNIROPOI IIAN DISTRICT FAXES BE INCREASED $10,000,000 ANNUALLY, OR BY SI ('El I.ESSI.R ANNIIAE.AMOUNT AS MAY BE NECESSARY TO PROVIDE FOR THE PAYMENT OF SE CHDIS!RI('I DEB E (WI IIC!I TAX INCREASE AND MAXIMUM REPAYMENT COST ARE MAXIMUM NUMBERS WHICH H ALI.OIY FOR IIIE POS511311 IIY OF NO TAX COLLECTIONS OR DEBT PAYMENTS UNTIL. SIJC'I I DEBT MA II TES): SUCH DEBT TO CONSIST or GENERAL OBLIGATION BONDS OR OTHER OBLIGATIONS FOR I I PI TPOSE OF PAYING II IL C'C)STS OF ACQUIRING,CONSTRUCTING,OR OTHERWISE PRO\ El)IN( PARK AND RECREATION IMPROVEMENTS, TOGETHER WITH ALI, NECESSARY. IN('IDIi..N [Al ANI) APPURTENANT PROPERTIES. FACILITIES. EQUIPMENT AND COSTS AND ALL LAND- LASE AII N I'S ANI) APPIJR.I ENANCFS NECESSARY OR APPROPRIATE IN CONNECTION THEREWITH: SL CI I DI`B I 'I'O BEA R INTEREST AT A NET EFFEC FIVE INTEREST RATE NOT IN EXCESS OF 19R,PER ANNL''M,SD C11 INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND ANNUALLY OIt SEMIANNUALLYAS MAY BE DETERMINED BY THE DISERICT,SUCH DEBT TOBEISSUED AT ONE 'IA1E OR FROM TIME TO TIME AND TO MATURE OR BE PAYABLE IN NOT MORE THAN 20 Y F A RS AI' I R ISSUANCE.TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLI DING II IL PROCEEDS OF AD VALOREM PROPERTY TAXES;SUCII TAXES TO CONSIST OF AN AD VALOREM MIL1 LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS \S MAY BE DETERMINED BY THE BOARD, AND IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCR EASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY,i0 BE USED SOLI.I 1'D)R 11 II PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY,AND INTERLSL ON TILE DISTRICE'S I)EB I ; AND SIRE'.THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF Sl ICI LT AXES. ANY (ITEM R REVENUE CSED TO PAY SUCH DEBT. AND INVESTMENT INCOME TIIEREON CONSTII LEE VOL LR- APPROVE!) REVENUE CHANGES ANI) BE COLLECTED AND SPENT BY THE DISTRI( I WITH) [- REGARD 10 ANY SPENDING, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED AVEIBIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION?" Yes 5 No 0 QUESTION SE "SI1ALl. TRI-POINIE RESIDENTIAL ME I ROPOLITAN DISTRICT DEBT BE INCREASED $I0,000.000, WI I III A REPAYMENT COST OF NOT TO EXCEED $40,000,000; AND SHALL. 'I'RE-POINTE RESIDENTIAL METROPOLCIAN DISTRICT FAXES BE INCREASED $10,000,000 ANNUALLY, OR BY Sl LESSE R ANNUAL AMOUNT AS MAY BE NECESSARY TO PROVIDE FORTIIE PAYMENT OF SUCH DISTRICT DENT (WI IIC1 I TAX INCREASE AND MAXIMUM REPAYMENTCOST ARE MAXIMUM NUMBERS WI ITCH ALLOW FOR Il IF POSSIBILITY OF NO FAX COI I ECIIONS OR DEB F PAYMENTS UNTIL SUCII DEBT MA I FRES is SUCII DEBT TO CONSIST OP GENERAL OBLIGATION BONDS OR OTHER OBLIGATIONS FUR FLIP. PI'RPOSEOF PAYING THECOSTSOFACQIIIRING,CONSTRUCTING,OR OTHERWISE PROVIDING SIREI I IMPROVEMENTS, INCLUDING CURBS, GUE TERS, CULVERTS, AND OTHER DRAINAGE I AC II IIII SIDEWALKS, BRIDGES,OVERPASSES, BIKE PATHS AND PEDESTRIAN WAYS, INTERCH:A S, .MEDIAN ISLANDS. PAVING. I I( FLING, GRADING, LANDSCAPING, IRRIGATION, PUBLIC PARKING LOTS AND S ERI IC IURE.S; AND STREI I-RIIA FED P.I_l EC!RIC TELEPHONE:,GAS,STEAM. III FING. AND C(IOI IN, i FA('ll I TIES AND LINES, LOGE'HIER WI III Al.I. NECESSARY, INCIDENTAL AND AI'I'I-IZ.I I N,AN PROI'ERIILS, FACILITIES. LQl)IPSiE NT ANI) COSTS AND ALL LANE), I.ASLNI I:N'IS AND APPLE S NECESSARY OR API'ROPRIA FF IN CONNECTION THERI:WITI I; SUCII DI.B 11Y) 13II_V2 IN RI S T AI-A NI:T Ii1L('IIVL INII.RIISI RATE NOT IN I.XLESS OF 15'ti PER ANNI M,SI-CI I IN IIIR! N I 1 IC) BE PA YAW.1 Al SIC II 1-IMI. OR TIMES AND WHICH MAY COMPOUND ANNEAI IA' OR SEMIANNL:.4LI l AS MAY BII DI -I ERMINED BY II IE DISIRICI-,SUCH I DEITI TO I317 ISSI 1 1' AT ON!: I IME OR FROM TIME, I() 11M1. AND IA) MATURE. OR BE PAYABLE IN NO! MORE 1l1AN 20 YEARS AEl ER ISSUANCI ) ITI7 PAID I ROM ANY I EGALLY AVAILABI El MONEYS OITI 1117 DIM RIC I. IN(AI[DING 11117 PROCEEDS OE AD VAI l)REM PROPERTY FAXES; SUCH TAXE:S'10 CONSIST OL AN AD V:AI ORI:.M MILT LEVY IMPOSED WI 1110111 LIMITAl ION 01( RATE OR WITH SUCH ITMI EAT IONS ,AS MAY 1117 DETERMINED BY lI IF BOARD, AND IN AMOUNTS SIJEFECIENT TO PRODUCE Ti I17 ANNI AI. IN( REASF SET FORTT]I ABOVE )R SUCI1 LESSER AMOUNT AS MAY BE NECESSARY.TO BE.USED SOLPI.Y POR 111L- PURPOSE OP PAYIN:i 1I11] PR!N('IPAI. OF, PREMIUM IF ANY, AND INTERNS ON 1111' DIS IRIC I'S DI It]; AND SHAI-I. HIT' PROCEEDS OF ANY SUCH DIi13T AND 'HIE PROCEEDS OP SU('I I FAXES, ANY OTI II]R REVENUE I ISM) TO PAY SI ICI DEBT, AND INVESTMENT INCOME EIIEREON (,ONSII II I IT: VOI1R- APPROVED REVENUE CIIANGI'.S AND BE COLLECTED AND SI'EN F BY HIE IRS 112.CI WI 111( 111 REGARD TO ANY SPENDING, REVENUE-RAISING_ OR OTHER LIiMITAIION C ON TA]NI I) WI IIIIN ARTICLE X. SEC EICN?0 OF l III. COI ()RAM) ('ONSITTI FION?" Yes 5 No o QUESTION SF "SHALL TRI-POINTY RESIDENTIAL METROPOLITAN DISTRICT DEBT BE INCREASED $10 000,000, WITH A REPAYMENT COST OF NOT TO EXCEED $40,000,000; AND SHALL TRI-POINTE RESIDENTIAL METROPOLITAN DISTRICT- TAXES BE INCREASED $10,000,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PROVIDE FOR THE PAYMENTOP SI1CH DISTRICT 1)I(111 (WHICH TAX INCREASE ANT)MAXIMUM REPAYMENT COSTARS MAXIMUM NUMBERS WHICH ALLOW FOR THE POSSIBILITY OF NO TAX COLLECTIONS OR DEBT PAYMENTS UNTIL SUCH DEBT MA YURI(S); SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS OR OTHER OBLIGATIONS FOR TIIP. PURPOSE OF PAYING THE COSTS OF ACQUIRING, CONSTRUCTING, OR OTHERWISE. PROVIDING I-RAFEIC AND SAFETY CONTROLS AND DEVICES ON STREETS AND HIGHWAYS AND AI RAILROAD CROSSINGS, INCLUDING SIGNAL VA TION, TOGETHER WITH ALL NECESSARY. INCIDENTAL AND APPIJRTENAN'T I'ROM:R.1IES. FACIE STIES, EQUIPMENT AND COSTS AND AlL, LAND_ LASIiMEN I S, AND APPURTENANCES NECESSARY OR APPROPRIATE IN CONNECTION TI IEREW I'EI I, SUCH DEB FTO BEAR INTEREST ATE A NET EITLC I IVE INTEREST RATE NOT IN EXCESS OF 15 G,PER ANNI IM,SI CI I INTERI ST TO BE PAYA13117 AT SUCH TIME OR TIMES ANI) WHICH MAY COMPOUND ANNUALLY OR SEMIANNUALLY AS MAY I31:DETERMINED BY THE DISTRICT,Sl1Cl I DEBT TO BE ISSI'EI) Al ONE'EIME OR FROM TIME l0 TIMI: AND TO MATURE OR BE PAYABLE IN NOT MORE THAN 20 PEARS AFT ER ISSIIANCI ,TO BEs RAID PROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT INCLUDING 1111 PROCEEDS OF Al) VALOREM PROPERTY TAXES; SUCEI FAXES TO CONSIST OE AN Al) VA L(IRI M MII.I LEVY IMI'OSIfI WITIIOIIl IIMITA LION OF RATE] OR WITH SUCH LIMITATIONS AS MAY BL- DETERMINED BY l I II: BOARD- AND IN AMOUNTS SIJFTI('IEN I TO PRODE('E TI!L AN'NU.AI- INCREASE SI!l FORT!' ABOVE ORSUCH 1-EESSER AMOUNT AS MAY BE NECESSARY,TC)BE USED SOI IfI.Y ['OR T I II- PURPOSE (7F PAYING Il II: PRIN('IPN OF, PREMIUM IF ANY. ANI) INTIIRI:SI ON 1111; NSA RIOTS DFII I` AND SI MI I.l 111i PROCI[I[US OF ANY SI C'I1 DEBT AND ll W PRO( 1IEDS OF SUCH I TAXES, ANY O1111 R RI v.I NL111 lSI'I) 10 PAY SI ICH DI BI AND INVECSI MI NE INCOME [HEREON CUNSII ',I I I A011.It- APPROVED RLALNIJI7 CHANGES AND BE COLLECITED AND SI'EN1 BY IIIL I)ISIRI(" - WI-CHOI I REGARD TO ANY SPENDING, RIVI]NIJE-RAISING, (7I2 0//11712 LEMI'IA'EION CON [AIM-I) WITHIN AICI TOLE? X. SECT ION 20 OF 1111 COI ORADO CONS'ITFLIION?" Yes 5 No O 4 QUESTION SC "SIIAI.I. ERR-POIN'IT RLSII)FN J I:11.:MI IROPOI EL AN DISI RICI' DMII 131( INCREASED <10_')0 1OW WI III A RFPAI^,11IN I ('OSI OI: NO TO EXCEED $40,000.000: AND SIIAI.I. I RI-POINT I. RI-:SIDI:NIIAI. NI!IROPOI ITAN DISEI2I(•l TAXES 131! INCREASED .S10.0011000 ANNU:AI.I Y. OR 13Y 'l i: II I.LSSI R ANNUAL ANIOI,NI AS MAY Bli NECESSARY TO PROVIDE FOR IllLPAYMIN'I'OESl CIIDISI:R1( TDI.ItI (WHICII TAX INCREASE AND MAXIMI M REI'AYMLN'I COST ARE MAXIMUM NT1MBF.RS 1A II.CI I AID011 FOR THE POSSIBILITY OF NO TAX COLLECTIONS OR DEBI PAYMENTS UNTIL STICK DER I AIA [ IJRI S1: SUCH DEI3I"1O CONSIST OF GENERAL OBLIGATION BONDS OR OIII1[R OBI.I( IAIIONS FOR IIIL PURPOSE OF PAYING THE COSTS OF ACQUIRING:CONSTRUCTING,OR OTHERWISE PROVID.N(I 1'UIII I( TRANSPORTATION SYSI'IINI IMPROVI(MEN IIS. INCLUDING TRANSPORI:A LION EQCII'ME>T. PARK AND RIDE FACILITIES AND PUBLIC PARKING LOTS, STRUCTURES, ROOFS. COVERS_ ANI) TA('II.IIII S. TOGETHER WI III ALL NECESSARY. INCIDENTAL AND APPUR I ENANI PROPER IIES. PAC'II I II S. EQUIPMI7Nl AND COSTS AND ALL LAND, EASEMENTS, AND APPURTENANCES NL, 'I.SSARY" uR APPROPRIATE IN CONNECTION THEREWI'FII; SUCH DEBI TO REAR INI ERLST AT A NI F I(FEECTII INTEREST RAI L NOT IN EXCESS OF 1ST.PER ANNUM,St J('H IN I'LRES'F TO BE PAYAI31 E.Al SLR l I 1 E11F OR TIMES AND WIIICI I MAY COMPOI'ND ANNUALLY OR SEMIANNUALLY AS MAY BE DE BY THE DISTRICT SUE]I DEBT TO BE ISSUED Al ONE TIME OR FROM TIME TO TIME AM I l O MATURE OR BE PAYABLE IN NOT MORE THAN 20 YEARS AFTER ISSUANCE, TO BE PAID FPOM ANY LEGALI Y AVAILABLE MONEYS OF 'HIE DISTRICT, INCLUDING THE PROCEEDS OF AD VALOREM PROPERLY FAXES: SUCH TAXES TO('ONSIS FOF AN AD VALOREM MILL LEVY IMPOSER) WI1IIOCI LIMI'CA HON OF RATE OR WITH SUCH LIMI FA LIONS AS MAY BE DETERMINED BY "THE: BOARD. AND IN AMOUN I S SUFFICIENT TO PRODUCE HIE ANNUAL INCREASE SET FORTH ABOVE OR St ICH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR "FEE PURPOSE! OE PAYING I111. PRINCIPAL Olt PREMIUM IF ANY,AND INFEI3,ESI'ON II IL DISTRICT'S DEBT;AND SIIAI.LTHE PROCEEDS )F ANI SC(l I DEBI' AND THE PROCEEDS OF SUE]I FAXES, ANY OTHER REVENUE USED IY) PAY St ICU I VERDI AND INVESTMENT INCOVIE 'IIEFREON CONSTITUTE VOTER-APPROVED REVENUE CH ANI ;ES AND III: COLLECTED AND SP3NF 13Y JUL DISTRICT WITI IOUT REGARD TO ANY SPENDING, 12E11EN I i I-RAISING. OR OTHER LIMITATION CONTAINED WI'IIfIN ARTICLE X, SECTION 20 OI IHI' ('OL.ORADO CONSTITUTION?" Yes 5 No O QUESTION SH "SITALI.TRI-POINTE RESIDENTIAL METROPOLITAN DISTRICT DEBT BE INCREASER) $10,000.000, WIIN A REPAYMENT ('DST OF NOT TO EXCEED $40,000,000; AND SHALT. FRI-POINE RESIDENTIAL METROPOLITAN DI3'FRICF TAXES BE INCREASED $10,000,000 ANNUALLY, OR BY SUCH LESS R ANNUAL AMOUNT AS MAY BE NECESSARY TO PROVIDE FOR TIIL PAYMENT OF St'CH DISIRI(I-DENT (WHICH TAX INCREASE AND MAXIMUM REPAYMENTCOST ARE MAXIMUM NL1M13112S WINCH ALLOW FOR TIIE POSSIRII ITY OF NO TAX COLLECTIONS OR DEBT PAYMENTS IUNTI1.SUCI I DEBI MA 11 IRES): SI:('II DEN! FO CONSIST OF GENERAL OBLIGATION BONDS OR 0l' HER OBIJGA LIONS FOR IHIE PURPOSE. OF PAYING TIIE! COS IS OF ACQUIRING, CONS'!RUCI NO, OR OTIIERWISI PROVIDING lYl_I'VISIONRI]I.AY AND TRANSLATION SYSTEM IMPROVEMFNTS, TOGLTIIERWIIII ALL NECESSARY. INCIDI N I AI.ANI) APPURTENANT PROPERTIES, FACILII TES, EQUIPMENT ANI)( OS IS AN.) ALI I AND_ IfASI MINIS. AND A Pitt RTLNANCI S NECESSARY OR APPROPRIATE IN YONNE("PION I IIIERIEWEI I I: SI ICI I DEN I() NEAR INTEREST Al :1 NET EFFECTIVE INTEREST RAIL: NOT IN EXCESS OP I A, PI R ANNIU.M, SUCH IN I LRIES"I 1O It1 PAYABLE AT SUCH lLIME OR TIMES ANI) WHICH MAl ( OMPOI;ND ANNUALLY OR SFMIANNUALI Y AS MAY 13E. DETERMINED BY l IlL DISI RICK. SI1(91 DI 131 TU 13L ISSUED Al" ONE I IMIIOR FROM I IMF FO TIME AND TO MATURE OR BE. PAYABLE. IN NO I \'TORT: THAN 5 20 YEARS nGniR ISSUANCE, FORE PAID FROM ANY IT( GAILY AVAII.ABI P MON'I:A S OF I I II: DISIRk L INCI.IIDING HIE 1'RO('ICEDS OF AD VALOREM PROPER IY"TAXES, SI!CI 1"TAXES lD CONSIST OI AN VI) VAI OREM MILL LI''dl' IMPOSED WI I IIOUI HMI FA I TON HE RAIL OR WI III SUCH I.IMTATION;-; AS MAY Mt I)I-.I'IIRiN]INI?D BY '11W BOARD. AND IN AMOIIN I'S SIiFFICIEVI TO PRODN It 1111. AVNI AI INCREASE SE! FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY. 11.) 111: I SI I) SOLELY FOR THE PLRPOSL OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY,AND IN TIIRI.S1 UN III E DISTRICT'S DEBT; AND SHALL 'mu. PROCEEDS OF ANY SUCH DEBT AND THE PRO('ILI,DS OI' SI I( II TAXES, ANY OTHER REVENUE USED l'O PAY SUCH DEBT, AND INVESTMENT IN( OMI "FIIIIREl )N C'ONSTITI:TE VOTE. -APPROVED REVENUE CHANGES AND BE COLLECTED AM) SPENT ItY I III' DISTRICT WITHOUT' REGARD TO ANY SPENDING. REVENUE-RAISING, OR 0TIIILR I.IMI1AlII 'N' ('ONT'AINI'D WIFHIN ARTICLE X.SECTION 20 Cl' TIIE COI ORADO CONSTITIITIONT' Yes 5 No 0 QUESTION 51 "SIIALL TRI-POIN"FE RESIDENTIAL M1.1ROPOL1'IAN UISIRICE DEBT BE INCREASED $10 000.000, WI III A REPAYMENT COST OF NOT TO EXCEED $40,000,000, ANT) SHALT. "FRI-POIN'FE REISIDILNILAI. METROPOLITAN DISTRICT TAXES BE INCREASED $10,000,000 ANNUALLY, OR BY SUCH LESS/ R ANNUAL AMOUNT AS MAY BE NECESSARY TO PROVIDE FOR THE PAYMENT OF S[ICH DISI RI('I DEB I (WHICI I'LAX INCREASE AND MAXIMUM REPAYMENT COST ARE MAXIMUM NUMBERS WI II( H ALLOW FOR TIIE POSSIBILITY OF NO TAX COLLECTIONS OR DEBT PAYMENTS UNTIL SUCH DEB I'MAIL RES; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS OR OTHER OBLIGATIONS FOR TIII: PURPOSE OF PAYING THE COSTS OF ACQUIRING, CONSTRUCTING, OR OTHERWISE PROVIDING TFLEPIIONE SATEI_.LITE, AND FIBRE-OPTIC COMMUNICATION SYSTEMS AND IMPROVEMEN"I S. 'I-OCT]TIER WITH ALI. NECESSARY, INCIDENTAL AND APPURTENANT PROPERTIES. EA( 11ITES. LQUIPMENt AND COSTS AND ALL LAND, EASEMENTS, AND APPURTENANCES NECESSARY OR APPROPRIATE IN CONNECTION THEREWITII; SIICII DEBT TO BEAR INTEREST Al A NE I. ENT( IAI. IN'FE(1ST'RATE NOT IN EXCESS OF 15%PER ANNUM,SCC'll INTEREST TO BE PAYABI-1'A F SI 1C1 TIMI: OR TIMES AND WHICH MAY COMPOUND ANNUALLY OR SEMIANNUALLY AS MAY BE I)IC TERMINI I) BY THE DISTRICT-. SUCH DEB 1"10 BE ISSUED AT ONE TIME OR FROM 'HMI:TO TIME AND TU MAII IINI. OR BE PAYABLE IN NO' MORE THAN 20 YEARS All ER ISSUANCE, TO BE PAID FROM ANI I.Et AI.I l AVA!l ABLE MONEYS OF"FHE DISTRICT, INCLUDING THE PROCEEDS OF AD VALOREM PROPER 11 TAXES SUCII TAXES TO CONSIST OF AN AD VALOREM MILL LEVY IMPOSED WIT11O1.1T LIM!I AIION OE RA I E OR WI H1 SUCH LIMITATIONS AS MAY BE DETERMINED BY THE BOARD, AND IN AMC(IN IS SI ILIIC'1 EN I'T ) PRODUCE THE ANNUAL INCREASE SET FORT!-! ABOVE OR SUCH LESSER A'VIOI'Ni AS MAY lIlt NECESSARY, TO 13E USED SOLELY FOR THE PURPOSE OF PAYING ElIE PRINCII'AI. (DI . PR!IMII FM IF ANY.AND IN TLRESLON ITIE DISTRICT'S DILB I,AND SIIALI.,T'I-IE PRO('E EI)S(il'AN) Sla :1 DEBT AND Hilt PROCEEDS OF SIIC'II TAXES, ANY OILIER REVENUE USED 10 PAY SI ICI I DEN ANU INVLS"I'MLNT' IN( OME l'1II.REON CONS'TI LUTE VOTER-APPROVED REVENUE ('l1AN(IFS AND LI. COIL DTI AND SPENT BY I HE DIS ERICF WIII IOUI ILI-.CARD TO ANY SPICNDING, MATH f-RAISiv r OR OVIER I.IMllALIGN CON T>AINFD WITHIN ARI ICI.L X. SECTION 20 OF THE I01OR AM' I ( ONSI II UIION?" Yes 11 No 0 6 QUESTION 5J "SITAI I RI-]'OINTF RI(SIDLNIIAI. MFTROPOI.I IAN DISI RR DIlCl BE INCREASI I) SI0.000,000 WI I II A REI'A1'VIENI COS OF NOT TO I-X( END '00.000,000: AND SHAI L I'RI-POIN 1 E RI:SIDI Al l \I ME"IRON)T.1"TAN DISI RI('I (AXES BE. IN( RI ASEI) S10.000.000 ANNUALLY, OR BY SC( 1I I I:SSIR ANNUAL AMOIINI AS MAY BE NECESSARY IC) PROVIDE FOR ll Ili PAYMENT OF SI JCII DIS[RICEDEM (WI TICII TAX INCREASE ANI)MAXIMUM REPAYM EN I ( ()SI-ARI( MAXIMUM NUMBERS WI ITCH ALIS)AV' FOR 111E POSSI1311 I I 01 NO TAX COLLECTIONS OR DNB] PAYMI'N'I S l'Nll1. SCC H DEBT MA[URI S): SUCll DEB T TO C'ONSIS1 OE NENERAI. OBLIGATION BONDS OR 011ll'R OBLIGATIONS FOR IITP PURPOSE OF PAYING 111E COS'IS OF ACQI'IRlNG. ('ONSTRI:CTING, OR OTHERWISE PROVIDING SYSTEMS FOR THE CONTROL,AND ICI IMINAIION OF MOSQUI'LUFS, roc-iv"'BR WI I II AI.I.NECESSARY. INCIDEN'I AL AND APPI:RTENANT PROPERTIES EACH_I III S, I:QIIIl'MI:NI'AND COSTS AND AI.I_ LAND. EASEMENIIS, AND APPURTENANCES NECESSARY OR AI'I'ROI'RIA I E IN CONNECTION 'IIIEREW I T II: SUCH DEBT TO BEAR INTERES I AT A NET I I FE('T'VI IN FIIRESI RATE NOT IN EXCESS OF IS PER ANNUM, SUCH IN] YRESI I O BE PAYABLE Al SUCH IIME OR LIMES AND WHICH MAY COMPOUND ANNUALLY OR SENIIANNI;ALI.Y AS MAY BE DETERMINED BY THE DISTRICT. SUCH DEBT TO BE ISSUED A I[ONETIME OR FROM TIMF.TO TIME AND'I() MATURE OR BE PAYABLE IN NOT MORE lli:AN 20 YEARS AFTER ISSUANCE.TO I3E PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DIS FRILL. INCLUDING TI Ili PROCEEDS OF Al)VALOREM PROPERTY"FAXES; SUCH FAXES TO CONSIST OF AN VI) VALOREM MILL LEVY IMPOSED WI Fl IOU) LIMITATION OF RATE OR WITII SUCH !EMI IATIONS \S MAY I3E DETERMINED BY THE BOARD, AND IN AMOUNTS SUFFIC'.IIINI-TO PRODUCE I111i ANNl .11_ INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY. IO 131- USED SOLELY FOR THE PURPOSE OF PAYING THE PRIN'CIPAI. OF, PREMIUM IF ANY, AND INTEREST ON l lil DISTRICT'S DEBT'; AND SHALL THE PROCEEDS OF ANY SI ('II DEBT AND IME PROCEEDS 01 St ( 'IT TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INYESTMENT INCOME THEM ON CONSIITIJI'E VOTER-APPROVED REVENUE CITANGIIS AND IIF COLLECTED AND SPENT BY Illli DISTRICT WITHOI:L REGARD TO ANY SPENDING, REVENUE-RAISING, OR OTHER I.IMIIATR)N CONTAINED WITTIIN ARTICLE X, SECTION 20 OF'FiII) COLORAI)O CONS H IUTION°" Yes 5 No 0 QUESTION SK "SI TAM TRI-POINTE RESIDENTIAL METROPOLITAN DISTRICT DEBT BE INCREASED S 10,000,000, WITH A REPAYMENT COST OF NOT TO EXCEED $40,000.000, AND SHALL TREPOINTE RESIDENTIAL ME-I'ROPOLITAN DISTRICT TAXES BE INCREASED S10,000,000 ANNUALLY, OR BY SUCH LESSER ANNUAL.AMOUNT AS MAY BE NECESSARY TO PROVIDE FOR lHIE. PAYMENT OF SUCH DISTRICT DIIKI (WIIIC I VIA X INCREASE AND MAXIMUM REPAYMENT('OST ARE MAXIMUM NUMBERS WHICHALLOW FOR Il IE POSSIBILITY OF NO TAX COLLECTIONS OR DEBT PAYMENTS UNTIL SUCI I DEBT MATIIRLS): SUCH DEBT TO CCNSIS'L 0E GENERAL OBLIGATION I3ONI)S OR OTHER OBLIGATIONS FOR THE PURPOSE 01- PAYING '1111 COSTS OP OPERATING, MAIN [AINING, OR OI'IIERWISI. PROVIDING SYSTEMS.OPERA IIONS AND ADMINISTRATIONS IOR"Il HE PI RPOSI[OF CARRYING OUT [HE OBIEC IS AND PURPOSES FOR WHICH THE DISTRICT WAS ORGAN'I%LID. l061.11I1:R WI III AI I NECESSARY_ IN(IDI NI AI ANI)APPl1RTENAN"[PROPERTIES,FACII.TILTS,ICQIiII'MlT'T.I'ERSONNEL.CONIRA(TORS. C'ONSI I I AN IS AND COSTS AND Al I. LAND, EASI:MI:N'TS, AM) API'I:R'LENANCES NI C'I:SSARY OR AI'I'R01'RIA I l IN CONNLCI ION THEREWITH; S1JCll DE131 TO BEAR IN I TIES I AT A NIT I FFIICI !VI: IN I ER ES I R:AI E NO IN EX( l SS OF I.%I'FR ANNIIM, SI ICI I IN"I EP ES I II) BE PAYABLE AT SUCI I TIME OR llAIPS AND WHICH[ICI T MAY COMPOUND ANNIJAIJ.Y OR SEMIANNI TALLY AS MAY BE IASI ERMINED BY I III' DIS'IRICI. SI ICI I DEBT TO 13F ISSUED AT ONE.TIMEOR FROM IIMl!l 0 TIME ,ANI)TO MAI L RE OR Ill I'AYABI.I IN NO! MORE ITIAN 20 YEARS API ER ISSI FAN(I 10131. PAID FROM ANY I.EGA! I Y 7 AVAILABLE MONEYS OF 1111 DISI RICI. IN( I I DING l HE PROCEEDS CH' Al) A VI.OREAI 1'ROPIJ( I1- IAXES; SlICIITAXESTOCONSISEOI AN AI) AAI.OREM MIT.I. I.LVY IMPOSED WI EI101 I I IA1EI Al ION OE RATE OR WITH SUCH I IMI'1.1 I IONS AS MAY BE DE I ERMINED BY THE BOARD. AND IN A;MOI NI S SUPEI('IENI I'() PRODUCE I 11' \NNI i.II. IN( RI.AST: SII I FORTH AIOVL OR Sl;('H E:S.SI Y \MOt NI AS MAY BE NECESSARY. IO I3E USED SOLELY FOR 111E PURPOSE OI PAYING IIIE PRINCII'A1. OE. PREMIUM IF ANY.AND IN] ERI S I ON ll Il':DISTRICT'S I)EBT;AND SEIALI I IE PROCEEDS 'I ANY SI ( 'I DEBT AND THE PROCEEDS OE St ICI I I AXES, ANY DATER REVENUE USED TO PAY SI C II D111;I. AND INVESTMENT INCOME TIIERI(ON ( ONSIlIUIE VOTER-APPROVED REVENUE CHANGES .1NI) 131 COLLECTED AND SPENT BY THE.DIS IRI('T WIII IOU E REGARD TO ANY SPENDING. RIM N'L E.-RAISING. OR OTHER LIMITATION CON IAINED WI l IlIN ARTICLE: X, SEC ION 20 OE 111N COI ORADO CONS EITiIJTION'"' Yes 5 No 0 QUESTION 51, "SHALL 1RI-POINTE RESIDENEIAL METROPOLITAN DIS"ERICE DEI3 E I3E INCREASED $IS (100,000, WIllI A REPAYMENT COST OF NO MORE THAN $60,000.000; AND SHALL 1RI-POINT T: RFSIDEN I I Al. METROPOLITAN DISTRICT [AXES BE INCREASED S60,000,000 ANNNUALL.Y, OR BY SUCH I.ESSI:R ANNUAL AMOIINT AS MAY BE NECESSARY TO PAY"FI IE DISTRICTS DEBT: SUCK DEB 1 10 (01NSIS1 OF GENERAL OBLIGATION BONDS OR OTHER OBLIGATIONS ISSUED FOR 'DIE PI RPOSE 01. REFUNDING, PAYING,OR DEFEASIN(L IN WEE)I.E OR IN PART, BONDS, NO ENS, OR 0 ElII:R I IN AM•I OBLIGATIONS OF'DIE DISTRICT; SU('II DEIST"I() BEAR INTEREST ATA RATE TO 13E DILI ERMINED I3Y THE DISTRICT, WIACTT IN[ERNS I RATE MAY BE IIIGI IER"fHAN THE INTEREST RAM BORNE Ifl I III'. OBLIGATIONS BEING REFUNDED; SUCH INTEREST TO BE PAYABLE AT SIICI-I 1 IMF OR TIMES AND WHICH MAY COMPOUND ANNUALLY OR SEMIANNUALLY AS MAY BE DE ERNI NED BY III[ DISTRICT, SUCH DEBT TO BE ISSUED AT ONE. l IME OR FROM TIME TO TIME AND TO MA l 1RF OR BE PAYABLE IN NC)T MORE THAN 40 YEARS AFTER ISSEANCE, TO BE. PAID FROM 1N1. LFGAI I Y AVAILABLE MONEYS OF THE DISTRICT. INCLUDING I DE PROCEEDS OE AD VALORI NI PROPERTY TAXES; SUCH TAXES TO CONSIST OF AN AI) VALOREM MILL LEVY IMPOSED ON -(1 I TAXAU I PROPERTY WITITIN THE DISTRRT, WI El TOUT LIMITATION OE RATE OR W Ell I SI CI I HMI1--1""IIONS AS MAY BE DETERMINED BY THE BOARD, ANI) IN AMOITNTS SLIFIICIEN I TO PROI)( CI. 111E ANN1 VI- INCREASE SET FORTH ABOVE OR StICIT LESSER AMOLNE AS MAY BE NECESSARY I BE USED SOLELY FOR THE PURPOSE OF PAYING TIIE PRINCIPAL OF, PREMIUM IF ANY, ANI) INTI REST ON "I I IE DISTRICT'S DEBT; AND SHALL THE PROCEEDS 01: ANY SUCH DEBT AND THE I'ROCI 1':DS OE St ( II TAXES, ANY OTHER REVENUE USED TO PAY SI ICI 1 DEBT, ANI) INVLSEMENI INCOAII 1 WTI ON CONS Il ETD"EL VOTER-APPROVED REVENUE ( IIANGIS AND Ill: COLT ECI ED AND SI'I AI THY I HE DISTRICT WEI'IIOUI REGARD 'I-() ANY SPENDING. REVENUE-RAISING. OR ((TITER I.IMI IA I ION CONTAINED WITITIN ARTICLE X. SE-CEION 20 )I 1I Ill COLORADO C'ONSTITl1TION7-' Yes ti No 0 QUESTION 5M "STEM-I, TRI-POINTS RESIDP.NTIA1. EROPOI.IEAN DISTRICT 13E PLRMIFEED I0 ( OI.LE(1 AND I XPI[ND AS A VOTER-APPROVED RINIINI;I: CHANGE UNDER AR-II( I X, SI-.CIION 20 OF 1111I S (OLOI<ADO(ONSTI EIJTION WIIAT 1-V1R AMOI N I S A121. RAISED ANNLAI.I-V IN 2000 AND ANA YI .1R 11 HEREAFTER FROM ITS VIII.I. I.IIVY_AND FROAI SI'E( II I( OWNERSHIP FAXES, INII)RESI INCOME 1 VI' ITF:FS. GRANTS AND ANY OI11ER INCOME. HI llll- DISTRICT, AND SHALL SUCH RI VI NI I. AND INVESTMENT INCOME THLREON. ( ONs[ Ill -II{ V011 II-APPROVED REVENIII: CH AN':(LS AND IdE COI.1 LC DANDSPENTRY II II:DISIRIOTVI I11101:I RP.I LARD TU ANY SPENI)IN(I, REVI Nt'1 -RAISIN(I OR OTHER LIMIlAllON CONLAINI.D AVIIIIIN 11111CLIi N. SECTION 20 UI: 'III! ( '01 ORAI)O ((INSI I11VIION, OR SECTION 29-1-30I. C. I2. .5 AND WI 1110U I LIMITING IN ANY YEAR 'llll. AMOI NT OP UTI T ER RENT NI L)S TI IA'I MAY RI (OLI.I:C I I:D AND SPIN I- NY THE DISTRICT 1" Yes No 0 WITNESS WHEREOF, we have hereunto se ur ands this 4th day of November, 1990. By: ('anva.ser Ca gasser g Susan J. Schlcdorn, Dlated Election Official Contact Person: Matthew R. Dalton Business Address: c/o Grinlshavv & Harring, PC 1700 Lincoln Street, Suite 3800 Denver, Colorado 80203 Telephone Number: (303) 839-38u0 9 GRIMSHAW & HARRING A PROFESSIONAL CORPORATION ATTORNEYS AT LAW SUITE 3800 "' ^ 1700 LINCOLN STREET DENVER, COLORADO 80203-45:38 TELEPHONE 1303)839-3800 TELECOPIER 13031 839-3838 E-MAIL MAILROX@ORIMSHAWHARRING.COM November 10, 1999 Board of County Commissioners Weld County 915 10th Street Greeley, CO 80632 Re: Tri-Pointe Commercial Metropolitan District Dear Commissioners: Pursuant to Section 32-1-1101.5(1), C.R.S., I am enclosing a copy of the Certified Statement of Election Results for the special election of the District held November 2, 1999. Please place it in the District's file. If you have any questions or need any additional information, please contact either Matt Dalton at (303) 839-3706 or me at (303) 839-3912. Thank you. Sincerely, GRIMSHAW & HARRING, A Professional Corporation Susan J. Schledorn Legal Assistant Enclosure. cc: Colorado Department of Regulatory Agencies, Division of Securities (via certified mail - P 052 685 743) VIA CERTIFIED MAIL - RETURN RECEIPT REQUESTED - P 191 652 800 Aid . CERTIFIED STATEMENT OF ELECTION RESULTS NOVEMBER 2, 1999 SPECIAL ELECTION TRI-POIINTE COMMERCIAL METROPOLITAN DISTRICT WELD COUNTY, COLORADO It is hereby certified by the undersigned members of the Canvass Board who Surveyed the election returns prepared by the election judges for the Tri-Pointc Commercial Metropolitan District mail ballot election held on Tuesday, the 2nd day of November, 1999, that the results of said election are as follows: • QUESTION SA "SI IALL TRI-POINI'E COMMERCIAL MEIROPOLI'FAN DISTRICT TAXES BE INCREASED $1,000,000.00 IN 2000 FOR COLLECTION IN 2001, AND BY THE SAME AMOUNT AS ADJUSTED FOR INFLATION PLI'S ANNUAL LOCAL GROW'FI I IN EACH SUBSEQUENT FISCAL YEAR THEREAFTER,TO PAY IN PART ll I E DISTRICT'S GENERAL COST OF OPERATIONS AND MAINTENANCE; SUCH TAXES TO CONSIST OF AN AD VALOREM MILL LEVY WHICH SHALL BE IMPOSED WITHOUT LIMITATION OF RATE AND IN AMOUNTS SIJFFICIE NT TO PRODUCE THE ANNUAL. INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY;AND SHALL THE REVENUE FROM SUCH TAXES AND INVESTMENT INCOME THEREON, CONSTITUTE VOTER-APPROVED REVENUE CHANGES AND BE COLLECTED AND SPENT BY VI IF DISTRICT WI'FIIOU'F REGARD TO ANY SPENDING, REVENUE-RAISING. OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X,SECTION 20 OF'HIE COLORADO CONSTITIJI.-ION. OR IN SECTION 29-1-301, COLORADO REVISED STATUTES, AND WITHOUT LIMITING IN ANY YEAR TIIE AMOUNT OF OTI TER REVENUES THAT MAY BE COLLECTED AND SPENT BY THE DISTRICT`?" Yes 5 No O QUESTION 5B "SITALI..TRI-POIN'I'E COMMERCIAL METROPOLLFAN DISTRICT DEBT BE INCREASED SI0.000.000. WI LH A REPAYMENT COST OF NOT TO EXCEED $40,000,000; AND SHALT. TRI-POINTE ( OMMERCIAL. MLIR(WOLITAN DISTRICT "FAXES BE INCREASED S10,000,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY 1IE NECESSARY.F0 PROVIDE FOR THE PAYMENT OF SUCH DISTRICT DENT (WI ITCH TAX INCREASE AND MAXIMUM REPAYMENT COST ARE MAXIMUM NUMBERS WHICI I ALLOW FOR TI IF POSSIBILITY OF NO TAX COI LP.CIIONS OR DEBT PAYMENTS UN HI.SIICH DEBT AIA"N RI.SI SI CII DEB I TO CONSIST OF GENERAL OMEGA.' ION BONDS OR OTHER OBLIGATIONS FOR •I III I'IIRPOSEOF PAYING'IH COSTS OF ACQUIRING,CONS ERUCTING,OR Oil!ERWISE PROVIDING Wi\ I ER FOR DOMESTIC AND OTTER PUBLIC AND PRIVATI. PURPOSES BY ANY AVAILABLE ,MEANS. INCLUDING WFI IICt T LIMITATION TRANSMISSION I:INES, NS]RIBU'IION MAINS AND !AIIfRAI S, RES1 R VO'IRS. TREATMENT WORKS.AND AI I. EQIIIPME.N'T., LAND_EASEMENTS,AND APPI RITNANI I S NH I SARI' OR APPROPRIATE: IN CONNECTION TIII RI.w 1 Ili; SIICH DEBT FO HEAR IN I LRES L A I .-A NII I' I I FF.CIIVIE [NITRES]I RA IT. NOI IN EXCESS OP HE PER ANNUM, SUCH INI FRESI TO III_ I'AYAIILI Al SUCH TIME: OR TIMES AND AVIIICII MAY ('OMPOIND ANNUALLY OR SEMIANNI JAI I Y AS MAY El I)1 T IIRMINI!D IIY 111E DISIRIC F. SUCH I D1111 L TG BE ISSUED AT ONIE l !M1; OR F ROM TJ l0 rimy \NI) I0 MATT'RE. OR NU PAYAIII I: IN NOI ;MORE'.THAN 20 YF ARS AFTER ISSR ANCI(. "I III PAID FROM ANY I IG:AI I Y AVAILABLE MONEYS 01' I HE DISIRI('l. IN( 11 DIN(1 'I111. PROCEEDS OF VD A ALOREM I'ROI'I(R IY I AXES;SI ('II TAXES IT)('ONSIS'TOF AN AD VLV ORI.M MII 1, 1 !" 'Y IMPOSED WI11101 I IJMIIA ION OF RAIL OR WI III SII('II LIMI'!A'FIONS AS MAY BE DI.IT'RNIINED BY IHP. BOARD. AND IN AMOI'N IS SE TEIC'II.NI''[0 PRODUCE [HE ANNUM. IN(RI!ASL' SI T POR III AHOYII OR SUCH LESSER AMOI NF AS MAY BE NE('ESSAT:Y. TO lIE USIID SOLE! Y I'OR 11I11 I'I RPOS1. OE PAYING 'NIL PRINCIPA1. 01 , PREMIUM IF ANY, AND IN FEREST ON 111E DIS CRI('T'S DEICE AN!) SNAI,I. 1 HE PROCEEDS OF AN\ SUCII DEB 1' ANI) 1T1', PROCEEDS OF SUCH TAXIS, ANY OTI TER RIIA E:NUE CSI'D TO PAY SU('.I I DI(B'I.AND INVESTMPN''I'INCOMIs i l IERILON CONS'IITI:TII VOTER—APPROVCD RE VI A!IF CT IANGFS AN]) Bls('OLI HT ED AND SPENT BY 111I'. DISTRICT WITHOUT REGARD TO ANY SPENDING. REVI NIJI(-RAISNG, OR O'I HER I RU FAIION LONTAINED WII IIIN MC IICLE X, SECTION 20 OI I IIE C OLORADO C'ONST'1'I'I I'IION''" Yea 5 No 0 QUESTION SC "SHALL 1R.I-POINTE COMMERCIAL METROPOLITAN DISTRICT DEBT BE INCREASED$10.000,000, WI A REPAYMENT COST OF NOT TO EXCEED $40,000,000; ANI) SHALL TRl-POINTE i'OMMURCIAL METROPOLITAN DIS'!RICF TAXES BE INCREASED $10,000,000 ANNUALLY, OR BY SI CH LESSER ANNI'AL AMOUNT AS MAY BE NECESSARY TO PROVIDE FOR'TI Ili PAYMENT OF SUCK DISTRICT DIIB'I (WHICH'TAX INCREASE AND MAXIMUM REPAYMENT COST ARE MAXIMUM NUMBERS VVI ITCH ALLOW FOR THE IPOSSIBILIIY OF NO TAX COLLECTIONS OR DEBT PAYMENTS IJNTIL SUCH DEI VI MATURES): SUCII DEBT TO CONSIST OF GENERAL, OBLIGATION BONDS OR O111E12 OBLIGATIONS FOR INE PURPOSE OF PAYING 'T'IIE COSTS OF ACQUIRING, CONSTRUCTING, OR OTHERWISE PROVIDING SANITARY SEWAGE COLLECTION, TRANSMISSION, TREATMENT ANI) DISPOSAL. FACILITIES. TOGETHER WII'II ALL NECESSARY, INCIDENTAL AND APPURTENANT PROPERTIES, FACILITIES, EQIJIPMIINT AND COSTS AND ALI. LAND, EASEMENTS, AND APPURTENANCES NI CESSARY OR APPROPRIATE IN CONNECTION TIIEREWITIL; SUCII DEBT TO [3EAR INFEREES) A A NE:I EFFECTIVE INTER ESL RATE NOT IN EX( OF 15%PER ANNUM,SUCII INTERESTTO BE PAYABLE 'CT SUCH TIME OR"TIMES AND WI IIC'II MAY COMPOUND ANNUALLY OR SEMIANNUALLY AS MAY BE DETERMINED BY TILE DISTRICT',SIICI I DEBT TO BE ISSUED AT ONETIME 012 FROM TIME TO TIME AND 10 MA)'! 'RE OR BE: PAYABLE IN NOT MORE THAN 20 YEARS AFTER ISSUANCE, TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF''[HE DISTRICT, INCLUDING THE PROCEEDS OF AD VALOREM PROPERTY TAXES:SUCH TAXES TO CONSIST OF AN AD VALOREM MILL LEVY IMPOSED WITHOU[ LIMITATION OF !<ATE OR WEI 11 SIC'I I LIMITATIONS AS MAY BE DETERMINE') BY TI IE BOARD, AND IN AMOI IN-TS SUFFICIENT TO PR(/ODIICE 1'111(ANNI'Al, INCREASE SEE FORTH ABOVE OR SUCH LESSER AMOIIN"I AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE? PURPOSE OF PAYING THE PRINCIPAL OE. PREMIIJM II;ANY.ANI) INTEREST ON THE DISTRICTS DEBT;AND SHAH.'I1IT PROCEEDS OF ANY SI''VI I DEI3'I- AND TI Ili PROCEEDS OF SUCII TAXES, ANY OTHER REVENUE USE!) TO PAY SUCH DEB I, AND INVESTMENT INCOME I11112E.ON CONSTITUTE VOTER-APPROVED REVENUE ('HANO1S ANI) BE COLT LC'11EDAND SPENT BY 111E DISTRICT WITHOUT REGARD'10 1NY SPENDING.RIIVENI1E-RAISIN(i. OR OTHFI< I INIITAl'ION COW/UNIT) WITHIN AR1I('LI'. N. SFCTIOS 20 OF ALIT COI ORADO CONS 1 E11'HON.'" Yes 5 No 0 QUESTION 5D "SHALT,TRI-POINTY LOMMI(RCIAI. MI,I ROPOLII AN DISTRICT DEBT 131i INCREASED$10,000 000_ WI I IT A R1:PAYMEN'I COS ()I' NOI 10 EXCEED S40000.000: AND SHALL TRI-POINIT ( O'VMMIIR( I Al MI(EROPOLI TAN DISIRI( I 1;1X1ES Ill. INCREASED $10,000,000 ANNUALLY, OR BY SI i '!! I.I:SSI R ANNUALAMOUN1 AS MAY RE NECESSARY TO PROVIDE FOR THE PAYMENT OF SUCH DISTRIC T DEBT (WHICH TAX INCREASE AND MAXIMLM REPAYMENT COST ARE MAXIMUM NUMI3ERS WHI('IIALI OW FOR TIIE POSSIBII ITY OF NO TAX('OI"LECTIONS OR DEBI PAYMENTS UNTIL SUCI I DEB 1' MA Il:R[SI: SUCH DEI1I' TO CONSIST OF GENERAL OBLIGATION BONDS OR OTHER O[3LIGAEIONS FOR ITIE PURPOSE OF PAYIN(I 'EIIE COSTS OF A('QIIIRING.CONSTRUCTING,OR OTIBTWISI_ PROVIDING PARK AND RECREATION IMPROVIMENTS. TOGETHER WITH ALI, NECESSARY, INCIDITN'I'AE AND APPURTENANT PROPER TIIS_ I=A('II.IITITS. EQl1IP,AILN"T AND COS'ISAND ALL LAND, EASIMITN IS, AND APPURTENANCES NECESSARY OR APPROPRIATE IN CONNECTION THEREWITH; SI ICI I Dili-1 10 BEAR INTEREST ATA NET LFFEC!I VE IN'I'IIRIS 1 RA I F NOT IN EXCESS OF 15 Y, PER ANNUM. SII('H IN'J ER EST TO BE PAYABLE AT SUCH 'IIMll OR TIMES AND WHICH MAY COMPOUND ANNUAL! Y (IL SEMIANNUALLY AS MAY 1311 DE'l ERMINED BY'111E DISI RIC"T,SUCH DEI31-TO BE ISSUED AT ONE.T INlE OR FROM TIME I'O TIME AM) T 0 MA TIRE OR BE PAYABLE IN NOT MORE THAN 20 YEARS AF I I112 ISSUANCE.TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF TIIE DISTRICT, INCLUDING HIE PROCEEDS OF AD VALOREM PROPER EY TAXES:SUCH TAXES TO CONSIST 017 AN AD VA ORILM NII L I. LEVY IMPOSED WITHOU E I.IMI'EA TION OF RATE OR WITH SUCH LIMITATIONS AS MAY I(F. DETERMINED BY THE BOARD, AND IN AM(INTS SUFFICIENT TO PROD!;CE THE ANNUAL INC"RI:ASL SET FORTH ABOVE CR SUCI I I ESSER AMC(INT AS MAY I3E NECESSARY,TO BE USED SOLE! Y FOR II IL PURPOSE OF PAYING'D-IE PRINCIPAL OF. PREMIUM IF ANY, AND INTEREST ON TIIE DISTRICTS DEB ! :: AND SHALL TIIE PROCEEDS OF ANY SI'CI DE131'AND THE PROCEEDS OF SUCH TAXES_ ANY (l II11:R REVENUE LSI]D E0 PAY Sl ('I! DEBT, AND INVESTMENT INCOME THEREON CONS'TITU'I E VOL IIR- APPROVED REVENUE CHAN(IFS AND BE COLT FCTITD ANT) SPENT BY THE DISTRICT WIIHOI-T REGARD TO ANY SPENDING, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OE THE COI ORADO CONST'FIIJTION°" Yes S No O QUESTION SE "SHALT,TRI-POIN"FE COMMERCIAL M L I ROPO[.I'IAN DISTRICT DEBT BE INCREASED $I0,000,000. WI III A REPAYMENT COST OF NOT TO EXCEED $40,000,000; AND SHALL TRI-POINTI: COMMERCIAL METROPOLITAN DISTRICT TAXES BE INCREASED .S10.000,000 ANNUALLY, OR BY Sl1('H I.ITSSI.R ANNUAL AMOUNT AS MAY 13E NECESSARY TO PROVIDE FOR THE PAYMENT OF SUCH DIS'IRI('I DENT (WHICH TAX INCREASE AND MAXIMUM REPAYMENT'COST ARE MAXIMUM NUMBERS WI il('I I ALI OW FOR'HIE POSSIBILITY OF NO TAX('011LF('IIONS OR DEBT PAYMENTS UNTIL- SUCI I DEI3 MA I I'RI: 1: SUCH DEBT TO CONSIST OF GENI:RAI. OBLIGATION BONDS OR OTHER OBLIGATIONS FOR EIII: PURPOSE OE PAYING THE COS['SOF ACQUIRING,CONSTRUCTING,OR OTHERWISE PROVIDING S ERLI l IMPROVEMENTS, INCLUDING (TURINS_ (d l'! E2S, ('UIVER'ES, AND OTIIFR DRAINAGI EACH El II S. SIDEWALKS. BRIDGES,OVERPASSES,BIKE"PATI IS AND PEDESTRIAN WAYS, INTERCIIAN'M iI.S, Mlll)EVN' ISLANDS, PAVING, I.IGI EEING. GRADING, LANDSCAPING, IRRIGATION, PUBLIC PARKING 1()I S „AND STRuCIURE,S, AND SI RE:I l-R111_A'PI D LLE(`IRI( 1 E! EPIIONE,GAS, STEAM, I IEATING, AND('001 ING FACILI TIES AND LINES, 11)GLTIIFR WII1i Al.I. NECESSARY. INCIDENTAL AND AI'PI 12I 1 NAN I PROPERTIES, FACULTIES, I:QI IIPAliIN I ANT) COSTS AND ALL LAND, 1 ASEMI NT,S. :AND APPI IRI'ETNP NCI S NECESSARY 012 API'ROPI(IA1l: IN CONNECTION IIIITRITW!l iI: Sl'iCI I Dl:lI l l0 BEAR INL ERI.St ATA NET +ITECI IVE INTYRES I RATE NOE IN EXCESS OF 15°4, PER ANN( NI, SIIH'11 INS IIRI.SI 3 1O BE PAY1131 I1 AT SC'( II LIME OR 'TIMES AND WHICH MAY COMPOUND AN KI 'ALLY OR SE:,MIANNI'Al.IN A' MAY BE UN TERMINED 13Y II IE DIS! RIC SUCH DEBT TO BE ISSI 'ETU AVI O,NE 1 AI! OR FROM -TIME- TU l lML AND TO MATURE OR RI, PAYABLE IN NOT MORE DEAN 20 1'E:ARS All ER ISSUANCE,TO B1:PAID FROM ANY LEGALLY AVAILABLE MONEYS OF I HE DISTRICT. !NCI I:DING J I II: PROCEEDS OF Al) VALOREM PROPERTY TAXES: SUCH 1 AXES TO CONSIST OF AN Al) \.AI OR1-:M MILE LEVY IMPOSED WI'1l1OITl LIMITATION OE RA'IF OR WElll SU('ll I.IMITAIIONS AS MAY BE DETERMINED BY 'HIE BOARD. AND IN AMOUN IS SUFFICIENT TO PRODUCE THE ANNI AI. INCREASE SET FORTH ABOVE OR SIIC'1I LESSER AMOUNT AS MAY BE.NECESSARY,TO BE USED SO:.I'!.Y FOR l I IE PURPOSE OF 1'Al'INCi THE PRINCIPA.OF, PREMIUM IF ANY, AND INTEREST ON TITS DIS IRICI'S DIIlI: AND SI IAI 1 Il IF PROCEEDS OE ANY SUCH DEBT ANI) THE PROCEEDS OE SUCI I TAXES, ANY OTI IICR REVENUE- USED l'O PAY .SIICH DEBT, AND INVESTMENT INCOME, lTHEREON CONSTI I!]TT. VOl IR- APPROVED REVENUE CHANGES AND BE COLLECTED AND SPENT BY HIE DIS"TR{'l WITUIOI IT REGARD N) ANY SPENDING, REVENUE-RAISING, OR OTHER LIMITATION CON TA'NED WITHIN ARTICLE X, SECTION 20 OF THE COI ORADO CONSTI'I ITION''" Yes 5 No 0 QUESTION SF "SIIA!.1. TRl-POINTE COMMERCIAL METROPOLITAN DISTRICT DEBT BE INCREASED$10 000,000, WI EH A REPAYMENT COST OE NOT TO EXCEED $40,000,000; AND SI-IALI. IRA-POINTE COMMERCIAL. METROPOLITAN DISTRICT TAXES BE INCREASED SI 0,000,000 ANNUALLY, OR BY SUCH LESSER ANNUAL ATAIOI JNT AS MAY BE NECESSARY'TO PROVIDE FOR'El IE PAYMENT OE SI)CII DISTRICT DIRE (WHICI!TAX INCREASE AND MAXIMUM REPAYMENT COST ARE MAXIMUM NUMBERS WHICH AL!OW FOR TI IE POSSIBILITY OF NO'TAX C'OLLEC'TIONS OR DEB'PAYMENT'S UNTIL SUCH DEBT MA LIRAS); SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS OR OTI IE.R OBLIGATIONS FOR 'I Ilk PURPOSE OF PAYING 1111E COSTS OF ACQUIRING, IONS'TRIIC'TING, OR OTHERWISE PROVIDING TRAI=IIC' AND SAFETY CON ['ROTS AND DEVICES ON STREETS AND HIGHWAYS AND A RAILROAD CROSSINGS, INCLUDING SIGNALI7ATION. TOGETHER WITH ALL NECESSARY. INCIDENTAL AND APPURTENANT PROPERTIES, MCILI'IIFS, EQUIPMENT AND COSTS AND ALL LAN!), LASEMENI S,AND API'UR"TENANC'US NECESSARY OR APPROPRIAl I: IN CONNECTION TI I EREW ITH: SUCH BEB-T T O BE AR IN"IPRI'S"I AEA NET TFFEECII VE INTEREST RATE'.NOT IN EXCESS OF 1 S"/, PER ANNI IM. SI CH INTER! Si TO 131E PAYABLE AT SUCH TIME OR TIMES ANI) WHICH MAY COMPOUND ANNUALLY OR SEMIANNI(ALLY AS MAY 131E DETERMINED BY THE DISTRICT,SUCH DEBT TO BE ISSUED Al ONE TIME OR FROM TIME ID TIME AND 'IC) MATURE OR BE PAYABLE IN NOT MORE THAN 20 YEARS AU! ER ISSUANCE.1Y)III' PAID FROM ANY LEGALLY AVAILABLE MONEYS OE THE DISTRICT.IN:'I.IJDING"I I Ill PR(Al EDS OE AI) VALOREM PROPERTY TAXES; SUCI I TAXES TO(CONSIST OF AN AD VAI.ORFVT MII-I. I.ANY IMPOSED WITHOUT LIMIT-A LION OF RA'Il' OR WITH STR'EH I IATITA1 IONS AS MAY RE UICI ERMINI:T) ITY ll-IE BOARD_AND IN AMOUNTS SITEIICIEN I TO PROD! ICE THE ANNC.AI. INCREASE SICI-1 OR II I ABOVE OR SUCI I LESSER AMOUNT AS MAY 13E NECESSARY,TO BE USED SOI.ELY TOR T I11[ PU'RPOST OE PAYING DIE PRINCIPA1. OF, PREMIUM IF ANY, ANI) INTERNS T ON THE DISTRICTS DIBI: AND SJIA I HE PROCEEDS OF ANY SUCH UEI3'I-AND 111E PROCEEDS OE SI :CI! 'FAmmS. ANY OI I IER REVENUE I '!SI: ) I() PAY SI C'II DEBT, AND INVESTMENT INCOME "I-HEREON CONSTI SITE Vo1112- APPROV1iD RI1I.N'-TIC CIIANGI(S AND BE ('OLLI'CIEI) ANI) SEEN T BY THE DISURIC'" - WIIIIOI 'I REGARD TO ANY :WENDING, REVENUE-RASING. OR OTHER El CON WITHIN AR II( I I: N. SE( `I ION 20 OF THE COI ORADO CONS III I LION?" Yes 5 No O 4 QUESTION 5G "SITALI. IIl-POIN IL' CONINE RCIA1. METROPOLITAN ISIS ERICF Dl1 'l WI IN( REASIED `II I11000.00U, WI EH A REPAYMENT COST OE NOT TO EXCEED 540,000,000; AND SHALL TRI-l'OINI I. CCMMERCIA1. ME7ROPOI ITA)N DISTRICT TAXES 13E INCREASED SI0,000,000 ANNUALLY, OR BY NI 3211 I ESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PROVIDE FOR THE: PAYMENT OE SI ICI I HSI RICE D1 ID (WI IICI I TAX INCREASE AND MAXIMI IM REPAYMEN'PCOS'T ARE MAXIMUM NSJMBERS WHICH I ALLOW FOR TI IE POSSIBILITY OE NO TAX COLLECTIONS OR DEBT PAYMENTS UN-I II.SI '(l I DEB I MA I1JR1 S); SUCH DENT TO CONSISI OF GENERAL OBLIGATION BONDS OR DT'IIUR 0131.16ATIONS FOR THE I'l1RPOSEESE PAYING ll IF COSTS OF ACQUIRING,CONSTRUCTING,OR O"1!!IRWISE PRO Al DIM! PUBLIC TRANSPORTATION SYSTEM IMPROVEMENTS, INCLI!DINGTRANSPORTATION EQI'lPM! N I PARK AND RIDE FACILITIES AND RIMER' PARKING TOTS, STRUCTURES, ROOFS, COVERS, :AND I'A('ILITIIS. 'TOGETHER WITH ALI. NIA'ESSARN, INCIDENTAL AND APPURTENANT PROP! 1111L-, --ACHELCIIS, EQUIPMENT AND COSTS ANT) ALI LAND, CASEMENTS, AND AP!'IJRTTNANCES NI CESSARY OR APPROPRIATE IN CONNECTION THE:REWITIL SUCH DEBT TO BEAR INTEREST A I A NEI ELMdFIA-1' INTEREST RATE NOT IN EXCESS OF I3"4> PER ANNUM,SUCH INTEREST TO BE PAYABLE AT SI:('I I TIME OR TIMES AND WHIEII MAY COMPOI IND ANNUALLY OR .SEMIANNUALLY AS MAY BE D!FI'LRMINP.D BY THE DIS:FRRTI'. SUE'!! DEBT'I 0 BE !SSUE[)A'!'ONE TIME OR FROM TIME 10TINIE.'NI)TOMA'I'I'RE OR BE PAYABLE IN NOT MORE THAN 20 YEARS AFTER ISSUANCE,TO BE PAID FROM ANY IA! !III( I.Y AVAILABLE MONEYS OF THE DISTRICT, INCLUDING THE PROCEEDS OE AD VALOREM PROPER IY TAXES; SI TAXES TO CONSIST OE AN AD VALOREM MILL LEVY IMPOSE!) WI'! lIOU I I IMII ATION OF RATE OR WIT!I SI JCH LIMTEFATIONS AS MAY BE DETERMINED BY THE BOARD. AND IN AAR SUN lES SUFFICIENT TO PROD!ICE T'I IL ANNUAL INCREASE SEE FORTH ABOVE OR SI 1C'EI I ESSEI: AMOT N I AS MAY BE NECESSARY. TO BE USED SOLELY FOR THE PURPOSE OE PAYING THE PRINCIPAL OF, PREMIUM IF ANY,AND INTERES F ON THE DISTRICT'S DEBT;AND SHALL FI IL PROCEEDS(IL ANY ST3'H DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE IJSEI) TO PAY SIR I I DEIST', AND INVESTMENT INCCME THEREON ('ONSTLTUlE VOTER-APPROVED REVENUE CHANGES AND BE COLLE.CFED AND SPENT I3Y THE DISTRICT AVFFIIOUT REGARD"FO ANY SI'ENDIN(V, REVEN!IE-RAISING_ OR OTHER LIMITATION CONTAINED W]THIN ARTICLE X, SECTION 20 OF THI ( O ORADO CONSTITI'INON?" Yes 5 No O QUESTION 5H "SHAI.I.TRI-POINTE COMMERCIAL METROPOLITAN DISTRICT DEBT BE INC'PEASI-.I) SI0. )00,000. WI III A REPAYMENT COST OF NOT TO EXCEED $40,000,000; AND SHALL TRI-POINT!; COMMERCIAL METROPOLITAN DISTRICT TAXES BE INCREASED $10,000,000 ANNUALLY, OR BY .MUCH I.ESSTER ANNUAL AMOUNT AS MAY BE NECESSARY TO PROVIDE FOR THE PAYMENTOF SUCH DIS RICTDIII3'F (WHICH'FAX INCREASE AND MAXIMI IM REPAYMENT COST ARE MAXIMUM NUMBERS WI II('I I ALLOW FOR ll II:POSSII311 IY OF NO TAX COLLECTIONS OR DEBT PAYMENTS UNTIL SUCH DEB I NIA TI:RES): SUCH DEIST TO CONSIST OF GENERAL OBLIGATION BONDS OR O'I'l1112 OBI.1(IATIINS FOR 1111' PURPOSE OF PAYING 1'111'_ ('OSIS OF ACQUIRING, CONSTRUCTING, OR 0I'111-RWIS1. PROVIDING TELEVISION RELAY ANI) IRANSI_AT ION SYSIIEMIMPROVEMFN ES.TOGEI.11ER WEIII All NI.C'I-SSARY. INCIDENTA1. AND APPUR I IENAN I PROPIR"I IFS, FACILITIES, EQUIPMENT AND COSTS AND AI I. LANE)_ EASEMENTS, ANT) APPUR TI:NAN('I:S NECESSARY OR APPROPRIATE IN CONNE('I ION l I IEREWIIII: SUCH Dl:B I 10 BEAR IN EKES! AT A NET EFFECTIVE INTEREST RATII NO I IN II X('1'_SS OF 1523 PER ANNIJM, SI'CII IN'Il1RPSI'li) I)! PAYABLE: A 1 SUCI! TIME OR l IMES AND AVIII('l I NIA l COMPOCND ANNUAL ' Y OR SEMIANNI'AL! Y AS MAY 31 DETERMINED BY THE DISTRICT. SU('II DIES! 1-0 III'_ ISSUED AI-ONE-IIMFORFROM IINIE 10 TINIII ^,ND"10MATl1RI' ORI31; 1'AYA III.IIINNOI MORNTIIN 5 20 YEARS AIII'R ISSUANCE_l013L. PA II)FROM ANYIEGA1IYAVAII.A111_EMONLI'S OE I III: DIM RE"I_ INCI ! DING THE PROCEEDS 01 AD VA! OREM I'1201'1,12 EY TAXIS:SUCH I FAXES TO CONSIST O1 AN V1) VALOREM MIL!. LEVY IMPOSE D WI Il10UT LINT! IA EION OF RAIT OR Wlll! SU(T1 LIAIIl A 11ONS AS MAY 131: l)ET ERMINE!) BY WI BOARD, AM) IN AMOUNTS S!TIIC]I:NT TO PRODI;Cl•. l Ell. ANNI VI. INCREASE SE l' FOIL!! AHOY! OR SUICII LESSER AA10IINT AS MAY BE NECESSARI . TO B1 1 MT) SOLELY FOR THE PURPOSE OF PAYING 11I1-1 PRINCIPAL OF, PREMIUM IF ANY,ANI) INTIIRIIS1 ON [ Ilk DISTRICT'S DEBT; AND SHAH TIT1 PROCEEDS OF ANY SUCH DEIII AND THE TROT! LDS (11 SI ( 'FAXES, ANY OTHER RFVENIII` USED TO PAY SUCH DEBT, AND INVESLMEN'I INCOMI- T1II!RI uN CONSTITUTE VOTER-APPROVED REVENUE (IIANGES AND BE COLLECTED AND SPIN] BY 1111 DISTRICT WITHOUT REGARD TO ANY SPENDING, REVENUE-RAISING. OR OTHER 1_IMLIAIION ('ON] AINEI) WEFTTIN AR I TOLE X, SICIION 20 OF 1l IE COLORAI)O CONSTITUTION?" Yes S No b QUESTION 51 "SHALL'FRI-POINTS COMMERCIAL METROPOLI FAN DISTRICT DEBT BE INCREASED $IC,000,000, WI FI I A REPAYMENT COST OF NOT TO EXCEED $40,000.000; AND SHALL TRI-POINTE c'(IMMI:RCI:AL METROPOLITAN DISTRICT TAXES BE INCREASED S10,000,000 ANNUALLY, OR BY SIICH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PROVIDE FOR THE PAYMENT OF SUCH DISTRR`I'U! I3F (WHICH TAX INCREASE AND MAXIM!IMREPAYMEN'I COST ARE MAXIMUM NUMBERS WHICH Al.I1PA FOR THE POSSIBILITY OF NO TAX COLLECTIONS OR DEBT PAYMENTS UNTIL SUCIL DEIt! MATERI S1: SUCH DE TO CONSIST OF GENERA!. OBLIGATION BONDS OR OTHER OBLIGATIONS FOR HE PURPOSE OF PAYING THE COSTS OP ACQUIRING. CONSTRUCTING, OR OTHERWISE PROVIDING TELEPHONE, SATELLITE, AND FIBRE-OPTIC COMMUNICATION SYSTEMS AND IMPROVEMEN'ES. TOGETHER WITH ALL NECESSARY. INCIDENFAI, AND APPURTENANT PROPERTIES, FACILITIES. EQUIPMENT AND COSTS AND ALI LAND, EASEMENTS, ANI) APPURTENANCES NECESSARY OR APPROPRIATE IN CANNEL' TlII-REWFIII: SUCI I DEI3'F TO BEAR INTEREST AT A NI ] EEFECI IN L INTEREST RATE NO F IN EX( ESS OF I S%) PER ANNUM,SLICE INTEREST TO BE PAYABI T AT SUCH IINIE OR TIMES AND WHICH MAY COMPOI INI) ANNUALLY OR SEMIANNUALLY AS MAY HE DE FERMIN ED BY THE DISTRICT SUCH DL13F !OBE. ISSUEDAF OM'TIMEOR FROM TIME TO'IIME AND TOMATE RE. OR BE PAYABLE IN NOT MORE: HIAN 20 YEARS AFTER ISSUANCE„ TO 13E PAID FROM ANY I. IIOAI I Y AVAILABLE MONEYS OF TIIE. DISTRICT, INCLUDING TI-IE PROCEEDS OF AD VALOREM PROPER TY '!'AXES: SUCIT TAXES TO CONSIST OE AN AD VALOREM MILL LEVY IMPOSED WITHOUT LIMITATION OF RA FE OR WITII SUCH LIMITATIONS AS MAY BE DETERMINED BY THE BOARD, AND 1N AMOI;N 1 S SUFFICIENT110 MCC DUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNEI \S MAY BE NECESSARY. TO I3E USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL )I _ PREMIUM IFANY,AND IN !I RESION111EDISTRICTS DEBT;AND SHALL THE PROCEEDS OF ANY SI (lI DEBT AN!) 11111 PROCEEDS OF SI ICI I TAXES, ANY OTI[ER REVENUE IJSED 'FO PAY .S11('11 1)11131. ANI) INVESTMIIN'I INCOMit THEREON ( ONSTIII'TE VOTER-APPROVED REVENUE CTIANG!S AND It!. LOH I CUED AND SPENT BY II DIS RILL WITI R REGARD TO ANY SPENDING, RI VI-NI l RAISIN' !. OR OI III I R LLMFFATION CON IAINE!) WITHIN ARTICLE X, SECTION 20 OF 1111 (01 URA!x) CONSITFl l ION?" Yes 5 N(1 O (1 QUESTION 5,1 "SIIAI.I. il3l-POINI COMMERCIAI- 11E11201'OI_IFAN' DASERICI I1(1311311 INCREASED Slh000,000, WIIlI A REI' Al MEN I ('OS1 OF NOI"10 EXCEED $40,000,000: AND SHALL l'RI-POINTS I'OMMIR( I U MEI'ROI'OLI'IAN DISTRICI 'FAXES BE INCREASED $10,000,000 ANNUAL! Y, OR BY SUCH LESSER ANNUAL.AMOUNT AS.MAY BE NECESSARY TO PROVIDE FORTIIF PAYMENT OE S11(I1 DISTRICI'1)1.IIT (WI TICIITAX INCREASE AND MAXIMUM REPAYMEN'L COS] ARE MAXIMUM NUMBERS WI IICH ALLOW FOR TI IL f'OSSII311.I IN OF NO TAX COLLECTIONS OR DEBT PAYMENTS I'N Ill,SII('II DEIST MA'I NRI'S): SUCH DI1II1 'I'O C'ONSIS'F OE (GENERAL OBI CATION BONDS OR 0111ER OI3I.RIA'LIONS FOR lI1F PURPOSE OF PAYING T111. COSTS OF ACQUIRING, C'ONS'I'RUCTING, OR OTIIP.RWISII PROVIDING SYSTEMS FOR HIE C'ONI ROL AND 1(1IMINA"PION OF MOSQUITOES,TOGETHER WITH Al_I-NECESSARY, IN( IDEN I AI, AND l,PPUR'I'I'NAN"I-PROPER'Ill S,I A('IL.MISS, EQUIPMENT AND COSTS AVD ALI. LAND, EASEMEN1 S, AND APPIIR"I ENANCI S NECESSARY OR APPROPRIA'! F IN CONNECTION "I'IIEREWI SUCH DEBT TO 1111AR IN'LII REST Al A NET [ LFECTIVF. INTEREST RATE NOT IN EXCESS OF I s% PER ANNI'M, ('II INTEREST 10 [3E PAYABLE AI SUCH TIME OR TIMES AND WHICH MAY ( 0111)01.'ND ANNUALLY OR SIIMIANNI 'ALLY AS MAY BE DETERMINED BY 1111( DIS'I'RICI'. SI C'N DEB F TO BE ISSUED AT ONE l'IME C)R FROM TIME. TO TIME AND TO MATURE OR BF PAYA131..I( IN NO I- MORE TI I AN 20 YEARS AEI ER ISS1 TAME,TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF I II DISTRI' "I, [NULL DIN(;THE PROCEEDS OF AD VALOREM PROPERTY TAXES; Si1CH TAXES TO CONSIST 01 AN VD VALOREM MILL LEVY IMPOSED WITHOUT LIMITA"LION OF RATE OR WITH SU('II l,1191TATIONS AS MAY B1( I)! HERMINED BY THE. BOARD, AND IN AMOUNTS SUEPICII N I TO PROM ICE I HE ANNI U INCREASE SET FORTH A13OV1' OR SUCH LESSER AMOUNT AS MAY BE NECESSARY TO BE USED SOLELY 1.012 THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IP ANY, AND INT'Il2EST ON 'I 111( DISTRICT'S DIEB I. .1NI) SHALL THE PROCEEDS OF ANY SUCI I DEBT AND UHF I'ROCELDS OF s( ''II TAXES, ANY O111ER REVENUE: USED TO PAY SUCH DEBT, AND INVESTMENT INCOME 'IIIERI'ON CONS IITI I'I? VOI ER-APPROVED REVENUE CHANGES AND BE COLLECTED AND SPLNL BY A I III DISTRICT WLI'HOEI REGARD TO ANY SPENDING, REVENUE-RAISING, OR OTHER IAMI'!ATION CONTAINED WTI HIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION''" Yes 5 No 0 QUESTION 5K "SHALL lRI-POINTE.COMMERCIAL METROPOLITAN DISIRIC'l' DEBT 13E INCREASED$10.000,000, WI III A REPAYMENT COST OF NOT TO EXCEED $40,000..000; AND SHAI I. TILT-POINTE COMML:RCIAI, ME'FROPOI.I I AN DISTRICT TAXES BE INCREASED $10,000,000 ANNUALLY, OR BY SUCH LESSER ANNi-AL AMOI INT,AS MAY BE NECESSARY TO HI FOR"I'Hii PAYMENI OF SI ICI I DIS"I RIC I 1)1ll3l- (W111( TAX INCREASE AND MAXIMUM REPAYMENTCOST ARE MAXIMUM NUMBERS WHICI I AI 1 AV FOR'HIE POSSIBILITY OF NO TAX COLLECTIONS OR DEBT PAYMLNIS (INTIL SIICEI DEBT MA IURI SC SUCH DI IL I' TO CONSIST OF GENERAL OBLIGATION BONDS OR O'IIIER OBLIGATIONS FOR 'I111' PIIRPOSI'', OF PAYING 'THE ('OSTS OF OPERATING, MAINTAINING, OR OTHERWISE PROVIDING S' S I I MS OPERATIONS AND ADMINISTRATIONS FOR"I111. Pl IRPOSE OF CARRYING Ol I I-THE 013.11?( IS AND PI :RPOSI'S FOR WIIICII 111E DISTRICT WAS ORGANIZED, T0(1E:111E12 WI"ElI ALI. NI.CF:SSARY_ IN('IDI N I AI.ANI)APPI:RT I NANTPROPLR"I"IES,FALBA ITES,EQUIPMENI_PERSONNEL,C()NTRACI ORS_ CONSI II I AN 1 S AND COSTS AND All, LAND, EASEMENTS. AND APPUR"LENAN('ES NECESSARY OR APPROPRIA'I'I. IN CONNE("LION THEREWI'H1; SUC'I I DFI3T TO I31.AR IN DIREST AT A NI.'I' EFT EC Il VIi INII-RFS I RA III NOT IN EXCESS OF I> PER ANNUM. SI_'C'H IN'I'ERESI TO BE PAYABI E A SIC I 111111'. OR l IMPS ANI) WIII('11 MAY COMPOUND ANNUALLY OR SE:MIANNUAi.I AS MAY BE DGI ERMINED BY TI II DES ERI('I, SI I('I I 1)1 1I1 T O III ISSUED AT ONE'I IME OR FROM IIME,l0 TIME AND TO MATS'RI', OR 131. PAYA13I I'. IN NO'I MORE lMAN 20 YEARS AEI I ER ISSI ANCE, "It) 13E. PAIL) FROM :ANY I.I'"CAI I.Y 7 -A VAII.:ABI.L: MONEYS OF 1 I1E DISTRICI, INCI.UDIN(i I1-1E PROCEEDS OE AI) V.ALORI VI PROPER IV I AXES. SI I('II l AXES I O( ONSIS"I OI AN AD VALOREM MII.I. LEVY IMPOSI.I) AA'I 111O1 "I IJMII A LION OF RA I E OR VA'I'III l%1 II I !Nil TA HORS AS MAY lIE. DE 1 ERMINED BY THE BOARD, ANI) IN AiMO11Al'S SUI'IICIEN I "I O PRCDUCI. I I II1 ANNI Al. INCREASE SET FORTI I ABOA-I'OR SI :CI I LESSER AMOI-NI AS MAY BE NECESSARY. TO 131E I:SI[D SOLELY FOR THE PURPOSE OF PAYING llll'. PRINCIPAL. OF. PRIME'M II ANY,AND IN'TI:REES I ON 1111. DISI l l(I 5 DEI3T;AND SIIAI.I 1111. PRO( 'El DS O:'ANY SI411 DEI3I' AND THE PROCEEDS OF SUCI I TAXES. ANY OTHER REVENUE IISEI) l O PAY .SU(I I DE131 AND INVES IMENI- INCOME III1I2EON CONSTIII1i'E VOTER-APPROVED REVIVAL CIIANGI S ANI) BE COLLLC'IEI)AND SI'FN"I BY IIiE:DISH IRICTWITIIOUT REGARD TO ANY SPENDING. 121 VENI'E-RAISING, OR OHIILIt LIMiI'ATION CONTAINED WITHIN ARTICLE X. SECTION 20 OE "Illy C01 ORAI)O_ CONS Tlll IIION'?" Yes 5 No 0 QUESTION 51, "SHALI.IRI-POINI'E ('OMMIIRC'IA[, METROPOLITAN DISTRICT DEBT BE INCREASED S15.000,000, WI Ili A REPAYMENT COST OF NO MORE THAN S60,000.000, AND SHALL TRI-POINIE COMMERCIAL METROPOLITAN DISTRICT TAXES 13E INCREASED S60,000,000 ANNUALLY, OR BY Sll( II LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY HIE DISTRICTS DEI3I SLI('II DEB I TO CONSIST OF GENERAL OBLIGATION BONDS OR OTHER OBLIGATIONS ISSUED FOR IHIE PURPOSE OF REFUNDING, PAYIN(I, OR DPPEASIN( IN WI[OLE OR IN PART. BONDS. NOTES. OR 0111E R FINANCIAL OBLIGATIONS OP THE DISTRICI:SUCH DEBT TO BEAR IN I ERIS I A'I' \ RAl I TO BF DE I MINED 13Y THE DISTRICT', WI[ICII IN I L RI',S I RATE MAY BE HIGHER THAN THE INTERIIS'I RATE BORNE. BY HIE OBLIGATIONS BEING REFENDP.L), SI1('Ii INTEREST TO BE PAYABLE AT SI:CH TIME 012 1 IME:S AND WH[CII MAY COMPOUND ANNUALLY OR SEMIANNUALLY AS MAY BE DE] ERMINED BY THE DISTRICT. SUCH DEBT TO BL. ISSUED AT ONE TIME OR FROM TIME TO TIME AND TO V PURE. OR BE PAYABLE IN NOT MORE ll1AN 40 YEARS AFTER ISSUANCE. TO BE PAID FROM ANY LLGAI.I.Y AVAILABLY MONEYS OI' 'HIT DISI'RICE, INCLUDING 'I 11E PROCEEDS OF AD VAI.()REAI PROPER IY TAXES: Sll('H TAXES TO CONSIST OF AN Al) VALOREM MI11. LEVY IMPOSED ON Al.I. 'IA NAM.I PROPERTY WITHIN 1 HE DISTRICT, \VITI IOUT LIMITATION' OF RATE OR WITH SI.( I I I_INI II A [IONS YS MAY BE DETERMINED BY l-HI'. BOARD, AND IN AMOUNTS SIIIFICIEN'E'"TO PRODUCE IIII' ANNI'4I.. INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, l0 HI' USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTI REST ON 'I I IL DISTRICT'S DEBT; AND SIIAL[. THE PROCEEDS OE ANY SUCH DEBT ANI) THE PROCEEDS 01' Sl ('H TAXES. ANY OUTER REVENUE. IISEI) TO PAY SUCH DEBT. ANI) INVESTMENT INCOME IIII`.RFON ('ONSIIll 'l:'E Vol ER-APPROVEDRIVENCII CIIANGIES AND BE COLLECTED AND SIENI BY 111E DISTRICT 'NIIHOI''I' REGARD 10 ,ANY SPENDING. REVENUE-RAISING. OR 011-IER I IMITATION CONTAINED WI Ili IN AR'I R I.E: N. SE("'IION 20 OF lHll('OLORAI)O CONS ITI CIION'''' Yeti 5 No 0 QUESTION 5N1 "SIIAI.I. 1RI-I'OIN"I'I. COMMEI2( IA1 VIETROPOI.I'I'AN DISTRICI BE PERMI I-ITT) lO (:)I.IT ("I AND IAXPI ND ,AS A \'DEAR AI'I'ROVI:D CHANGE UNDI R AR [ICI F. X. SICI ION 'O (lI' illy_ 8 col °RAD° ('ONS ill l HON WI IA'I I A LR AMOL:NTS ARE RAISED 1NNl AIJ YIN 2000 ANI) ANY II AR El II'RLAl I III: FROM Its iMIl E. I.I:VY. AND FROM SPECIFIC OWNERSHIP IN] ERESI I ACO,MI I AI' FEES (IRANIS AND ANY ()IIIER INCOME 01. Illl. DISTRICT, ANI) SHALL .SIVCII RI `:'I:N'IT. ANU INVESII MEN 1 INCOME II[HEREON. CONSTIIIJIN VO1ER-APPROVED REVENUE CIIANcl5 AND III COLI.GCI ED AND SPEN T BY lilt DISIRICI WITIIOE:IREGARD lMANY SPENDING.REVI NI It-RAPSIm,. OR O"fFER I IMITATION CONTAINED WITHIN AIIICLE X. SECTION 20 ()I' EI-II? COI.ORADO CONS'I ITl 1 I0N, OR SECTION 29-1-ThI, C. R S. AND WITHOUT LIMITING IN ANY YEAR I l II_ AMU! X I OF OTI TER RIIVENI I-:S IIIAE MAY BE COLLE('EED AND SPENT BY THE DIS"ERICI D" Yes 5 No WITNESS WHEREOF, we have hereunto s o(r hands this 4th day of November, 1999. By: � Cat vasscr Ca( vasscr AAt Susan .1. Schledorn, Des gnated Election Official Contact Person: Matthew R. Dalton Business Address: c/o Grimshaw & Harring, PC 1700 Lincoln Street, Suite 3800 Denver. Colorado 80203 Telephone Number: (303) 839-3800 9 Hello