HomeMy WebLinkAbout20232896.tiffRESOLUTION
RE: ACCEPT FILING OF AMENDED AND RESTATED SERVICE PLAN, AND REFER
MATTER TO WELD COUNTY PLANNING COMMISSION FOR STUDY AND
RECOMMENDATION - KITELEY RANCH METROPOLITAN DISTRICT
WHEREAS, the Board of County Commissioners of Weld County, Colorado, pursuant to
Colorado statute and the Weld County Home Rule Charter, is vested with the authority of
administering the affairs of Weld County, Colorado, and
WHEREAS, the Amended and Restated Service Plan for the Kiteley Ranch Metropolitan
District was received by the Clerk to the Board on September 20, 2023, from Icenogle Seaver
Pogue, 4725 South Monaco Street, Suite 360, Denver, Colorado 80237, for filing with, and
consideration by, the Board of County Commissioners, and
WHEREAS, the applicant has paid the required statutory filing fee of $500.00 to the Clerk
to the Board, and
WHEREAS, C.R.S. §32-1-204(2), requires that Service Plans be delivered to the Weld
County Planning Commission for study and recommendation to the Board of County
Commissioners, such recommendation to be received by the Board within thirty (30) days after
the filing of the Service Plan, and
WHEREAS, the Board of County Commissioners deems it advisable to accept the filing
of the Amended and Restated Service Plan of the Kiteley Ranch Metropolitan District, as of
September 20, 2023, and to refer the matter to the Weld County Planning Commission for a
hearing to be held on November 7, 2023, at 1:30 p.m., pursuant to the schedule approved by the
applicant, which schedule waives the thirty (30) day requirement due to schedule conflicts and
the fact that only one Planning Commission meeting occurs each month.
NOW, THEREFORE, BE IT RESOLVED by the Board of County Commissioners of Weld
County, Colorado, that the filing of said Amended and Restated Service Plan of the Kiteley Ranch
Metropolitan District, be, and hereby is, accepted.
BE IT FURTHER RESOLVED that said Amended and Restated Service Plan be, and
hereby is, referred to the Weld County Planning Commission for a public hearing on November 7,
2023, for study and recommendation back to the Board of County Commissioners by
November 14, 2023.
Cc:c r5(EC.),Pi_ erritoJ), GACMB/KM) Pw(0H/ER/DN),
CR(cK/RS), gocc(xF), FI(RR/CP)s APPL.
1O /12/23
2023-2896
SD0129
ACCEPT FILING OF AMENDED AND RESTATED SERVICE PLAN, AND REFER MATTER TO
WELD COUNTY PLANNING COMMISSION FOR STUDY AND RECOMMENDATION -
KITELEY RANCH METROPOLITAN DISTRICT
PAGE 2
The above and foregoing Resolution was, on motion duly made and seconded, adopted
by the following vote on the 2nd day of October, A.D., 2023.
BOARD OF COUNTY COMMISSIONERS
WELD COUNTY, COLORADO
ATTEST: die/LA)
w jC %4
Weld County Clerk to the Board 1
Deputy Clerk to the Board
APP' O ED A FORM:
ounty A orney
Date of signature: to!c -i (Z3
Mike an, Chair
aine
2023-2896
.SD0129
1 PAGE OF DOCUMENT
INCLUDED IN PAPER FILE.
REMAINDER RETAINED
ELECTRONICALLY IN TYLER.
AMENDED AND RESTATED SERVICE PLAN
FOR
KITELEY RANCH METROPOLITAN DISTRICT
WELD COUNTY, COLORADO
Prepared by:
ICENOGLE SEAVER POGUE, P.C.
4725 South Monaco Street, Suite 360
Denver, Colorado 80237
Telephone: (303) 292-9100
Email: jivey@isp-law.com
September 13, 2023
Approved: , 2023
2023-2896
10/Z
I. INTRODUCTION
A. Purpose and Intent.
On August 30, 2006, the Board of County Commissioners for the County of Weld (the
County") approved the Service Plan ("Original Service Plan") for the Kiteley Ranch
Metropolitan District (the "District"). The District was organized pursuant to an Order and
Decree dated December 8, 2006. This Amended and Restated Service Plan ("Amended
Service Plan") is intended to modify, replace, restate and supersede the Original Service Plan
in its entirety.
The District is an independent unit of local government, separate and distinct from the
County and, except as may otherwise be provided for by state or local law or this Amended
Service Plan, its activities are subject to review by the County only insofar as they may
deviate in a material matter from the requirements of this Amended Service Plan. It is
intended that the District will provide a part or all of the Public Improvements for the use and
benefit of all anticipated inhabitants and taxpayers of the District. The primary purpose of the
District will be to finance the construction of these Public Improvements.
The District is not being created to provide ongoing operations and maintenance services
other than as specifically set forth in this Amended Service Plan. This Amended Service Plan
has been prepared in accordance with Article XIV of Chapter 2 of the County Code.
B. Need for the District.
There are currently no other governmental entities, including the County, located in the
immediate vicinity of the District that consider it desirable, feasible or practical to undertake
the planning, design, acquisition, construction, installation, relocation, redevelopment and
financing of the Public Improvements needed for the Project. Formation of the District is
therefore necessary in order for the Public Improvements required for the Project to be
provided in the most economic manner possible.
C. County Approval of District's Amended Service Plan.
The County's approval of the Amended Service Plan for the District authorizes the District
to provide for the planning, design, acquisition, construction, installation, relocation and
redevelopment of the Public Improvements from the proceeds of Debt to be issued by the
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District. All Debt is expected to be repaid by taxes imposed and collected for no longer than
the Maximum Debt Mill Levy Imposition Term and at a tax mill levy no higher than the
Maximum Debt Mill Levy and other legally available revenues. Debt which is issued within
these parameters (as further described in the Financial Plan) will insulate property owners
from excessive tax burdens to support the servicing of the Debt and will result in a timely and
reasonable discharge of the Debt.
This Amended Service Plan establishes a limited purpose for the District and explicit
financial constraints that are not to be violated under any circumstances. The primary purpose
is to provide for the Public Improvements associated with the Project and those regional
improvements necessitated by the Project. Ongoing operational and maintenance activities
are allowed, but only as specifically addressed in this Amended Service Plan. In no case shall
the mill levies imposed by the District for debt service and operations and maintenance
functions exceed the Aggregate Mill Levy Cap.
The County will not be providing or paying for the Public Improvements. The County
will not be providing or paying for ongoing operations and maintenance of all or any part of
the Public Improvements unless accepted by the County for operations and maintenance.
It is the intent of the District to dissolve upon payment or defeasance of all Debt incurred
or upon a court determination that adequate provision has been made for the payment of all
Debt unless the District has authorized operating and maintaining functions under this
Amended Service Plan in which case it will not dissolve and will continue to impose and
collect taxes or fees to pay for costs associated with said operations and maintenance
functions.
The District shall be authorized to finance the Public Improvements that can be funded
from Debt to be repaid from tax revenues collected from a mill levy which shall not exceed
the Maximum Debt Mill Levy and which shall not exceed the Maximum Debt Mill Levy
Imposition Term and other legally available revenues. It is the intent of this Amended Service
Plan to assure to the extent possible that no taxable property bear an economic burden that is
greater than that associated with the Maximum Debt Mill Levy in amount and that no property
bear an economic burden that is greater than that associated with the Maximum Debt Mill
Levy Imposition Term in duration, even under bankruptcy or other unusual situations.
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Generally, the costs of Public Improvements that cannot be funded within these parameters
are not costs to be paid by the District.
II. DEFINITIONS
In this Amended Service Plan, the following terms shall have the meanings indicated below,
unless the context hereof clearly requires otherwise:
Aggregate Mill Levy Cap means the maximum aggregate mill levy the District is permitted
to impose for debt service and operations and maintenance, as set forth in Subsection VI.H
below.
Amended Service Plan means this service plan for the District approved by the BOCC.
Approved Development Plan means a development plan or other process established by
the County (including, but not limited to, approval of a Planned Unit Development final plan
or Subdivision final plat by the BOCC) for identifying, among other things, Public
Improvements necessary for facilitating development for property within the Service Area as
approved by the County pursuant to the County Code and as amended pursuant to the County
Code from time to time.
Board means the Board of Directors of the District.
BOCC means the Board of County Commissioners of the County of Weld, Colorado.
Debt means general obligation bonds or other obligations for the payment of general
obligation debt for which the District has promised to impose an ad valorem property tax mill
levy. For the avoidance of doubt, "Debt" as used herein shall not include SID Assessment
Bonds or Water Enterprise Obligations, each as further defined herein.
County means the County of Weld, Colorado.
County Code means the Weld County Code, as the same may be amended from time to
time.
District means the Kiteley Ranch Metropolitan District.
End User means any owner, or tenant of any owner, of any taxable improvement within
the District who is intended to become burdened by the imposition of ad valorem property
taxes subject to the Maximum Debt Mill Levy. By way of illustration, a resident homeowner,
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renter, commercial property owner, or commercial tenant is an End User. The business entity
that constructs homes or commercial structures is not an End User.
External Financial Advisor means a consultant that: (1) advises Colorado governmental
entities on matters relating to the issuance of securities by Colorado governmental entities,
including matters such as the pricing, sales and marketing of such securities and the procuring
of bond ratings, credit enhancement and insurance in respect of such securities; (2) shall be
an underwriter, investment banker or individual listed as a public finance advisor in the Bond
Buyer's Municipal Market Place; and (3) is not an officer or employee of the District.
Financial Plan means the Financial Plan described in Section VI below which has been
prepared by an External Financial Advisor in accordance with the requirements of the County
Code and describes: (a) how the Public Improvements are to be financed; (b) how the Debt is
expected to be incurred; and (c) the estimated operating revenue derived from property taxes
for the first budget year.
Inclusion Area Boundaries means the boundaries of the area described in the Inclusion
Area Boundary Map, if any.
Inclusion Area Boundary Map means the map attached hereto as Exhibit C-2, describing
the property proposed for inclusion within the District (if any) in the future.
District Boundaries means the boundaries of the area described in the District Boundary
Map.
District Boundary Map means the map attached hereto as Exhibit C-1, describing the
District's boundaries.
Map Depicting Public Improvements means the map or maps attached hereto as Exhibit
E, showing the locations of the Public Improvements listed in the Primary Infrastructure Plan.
Maximum Debt Mill Levy means the maximum mill levy the District is permitted to impose
for payment of Debt as set forth in Subsection VI.C below.
Maximum Debt Mill Levy Imposition Term means the maximum term for imposition of a
mill levy as set forth in Subsection VI.D below.
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Primary Infrastructure Plan means the Primary Infrastructure Plan described in
Subsection V.B below, which includes: (a) a list of the Public Improvements to be developed
by the District; and (b) an estimate of the cost of the Public Improvements.
Project means the development or property commonly referred to as Kiteley Ranch.
Public Improvements means a part or all of the improvements authorized to be planned,
designed, acquired, constructed, installed, relocated, redeveloped and financed as generally
described in the Special District Act, except as specifically limited in Section V below, to
serve the future taxpayers and inhabitants of the Service Area as determined by the Board of
the District.
Service Area means the property within the District Boundary Map and the Inclusion Area
Boundary Map.
Service Plan Amendment means a subsequent amendment to the Amended Service Plan
approved by the BOCC in accordance with applicable state law.
Special District Act means Section 32-1-101 et seq., C.R.S., as amended from time to time.
State means the State of Colorado.
Total Debt Issuance Limitation means the total Debt the District is authorized to issue, as
set forth in Paragraph V.A.6 below and supported by the Financial Plan.
Water Activities means, but is not limited to, the diversion, storage, carriage, delivery,
distribution, collection, treatment, use, reuse, augmentation, exchange, or discharge of water
and includes the provision of wholesale or retail water or wastewater or storm water services
and the acquisition of water or water rights, as defined in the Water Activities Act.
Water Activities Act means Section 37-45.1-101 et seq., C.R.S., as amended from time to
time.
III. BOUNDARIES
The area of the District Boundaries includes approximately 131.878 acres, and the total area
proposed to be included in the Inclusion Area Boundaries is approximately zero (0) acres. A
legal description of the District Boundaries and the Inclusion Area Boundaries is attached hereto
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as Exhibit A. A map of the District Boundaries is attached hereto as Exhibit C-1, and a map of
the Inclusion Area Boundaries is attached hereto as Exhibit C-2. A vicinity map is attached
hereto as Exhibit B. It is anticipated that the District's Boundaries may change from time to time
as it undergoes inclusions and exclusions pursuant to Section 32-1-401 et seq., C.R.S., and
Section 32-1-501 et seq., C.R.S., subject to the limitations set forth in Article V below.
IV. PROPOSED LAND USE AND ASSESSED VALUATION
The Service Area consists of approximately 131.878 acres of land. The current assessed
valuation of the Service Area is assumed to be $6,700,400 for purposes of this Amended Service
Plan and, at build -out, is expected to be sufficient to reasonably discharge the Debt as
demonstrated in the Financial Plan.
Approval of this Amended Service Plan by the County does not imply approval of the
development of a specific area within the District, nor does it imply approval of the number of
residential units or the total site/floor area of commercial or industrial buildings which may be
identified in this Amended Service Plan or any of the exhibits attached thereto, unless the same
is contained within an Approved Development Plan.
V. DESCRIPTION OF PROPOSED POWERS, IMPROVEMENTS AND
SERVICES
A. Powers of the District and Service Plan Amendment.
The District shall have the power and authority to provide the Public Improvements within
and without the boundaries of the District as such power and authority are described in the
Special District Act, the Water Activities Act, and other applicable statutes (including but not
limited to the SID Statutes), common law and the State Constitution, subject to the limitations
set forth herein.
If, after the Amended Service Plan is approved, the State Legislature includes additional
powers or grants new or broader powers for Title 32 districts by amendment of the Special
District Act, the SID Statutes, or the Water Activities Act, no such powers shall be available
to or exercised by the District unless the District publishes forty -five-day notice and provides
written notice to the BOCC pursuant to Section 32-1-207(3)(b), C.R.S. If, within forty-five
(45) days of the publication of such notice, the BOCC expresses to the District a written
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objection to the proposed exercise of such new or broader powers, then the exercise of the
same by the District without the prior written consent of the BOCC shall be considered a
material modification of the Amended Service Plan and shall be resolved in accordance with
Section 32-1-207(2), C.R.S.
1. Operations and maintenance limitation. The purpose of the District is to
plan for, design, acquire, construct, install, operate, maintain, relocate, redevelop
and finance the Public Improvements. The District shall dedicate the Public
Improvements to an appropriate jurisdiction or owners' association in a manner
consistent with the Approved Development Plan, other rules and regulations of
the County and applicable provisions of the County Code. The District shall be
authorized to operate and maintain any part or all of the Public Improvements
that are not otherwise dedicated to the an appropriate jurisdiction or owners'
association.
2. Construction standards limitation. The District will ensure that the Public
Improvements are designed and constructed in accordance with the standards and
specifications of the County and of other governmental entities having proper
jurisdiction, as applicable. The District will obtain all applicable permits for
construction and installation of Public Improvements prior to performing such
work.
3. Privately placed debt limitation. Prior to the issuance of any privately
placed debt, the District shall obtain the certification of an External Financial
Advisor substantially as follows:
We are [I am] an External Financial Advisor within the meaning of the
District's Amended Service Plan.
We [I] certify that (1) the net effective interest rate (calculated as
defined in Section 32-1-103(12), C.R.S.) to be borne by the District
for the [insert the designation of the Debt] does not exceed a
reasonable current [tax exempt] [taxable] interest rate, using criteria
deemed appropriate by us [me] and based upon our [my] analysis of
comparable high yield securities; and (2) the structure of [insert the
8
designation of the Debt], including maturities and early redemption
provisions, is reasonable considering the financial circumstances of
the District.
4. Inclusion limitation. The District shall not include within its boundaries any
property outside the Service Area without the prior written consent of the BOCC.
Inclusions or exclusions not described in this Amended Service Plan shall require
a forty -five-day notice publication and written notice to the BOCC pursuant to
Section 32-1-207(3)(b), C.R.S. If, within forty-five (45) days of the publication
of such notice, the BOCC expresses to the District a written objection to the
proposed inclusion or exclusion, then the proposed inclusion or exclusion shall
be considered a material modification of the Amended Service Plan and shall be
resolved in accordance with Section 32-1-207(2), C.R.S.
5. Initial debt limitation. Prior to the effective date of approval of an Approved
Development Plan relating to development within the Service Area, the District
shall not: (a) issue any Debt; (b) impose a mill levy for the payment of Debt by
direct imposition or by transfer of funds from the operating fund to the Debt
service funds; or (c) impose and collect any fees used for the purpose of
repayment of Debt.
6. Total debt issuance limitation. The District shall not issue Debt in excess of
Thirty Million Dollars ($30,000,000). To the extent the District seeks to modify
the Total Debt Issuance Limitation, it shall proceed in accordance with
Subsection 2-14-20. I of the County Code.
7. Monies from other governmental sources. The District shall not apply for
or accept Conservation Trust Funds, Great Outdoors Colorado Funds or other
funds available from or through governmental or nonprofit entities for which the
County is eligible to apply, except pursuant to an intergovernmental agreement
with the County. This Section shall not apply to specific ownership taxes which
shall be distributed to and a revenue source for the District without any limitation.
8. Consolidation limitation. The District shall not file a request with any court
to consolidate with another Title 32 district without the prior written consent of
the County.
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9. Eminent domain limitation. The District shall not exercise its statutory
power of eminent domain, except as may be necessary to construct, install,
access, relocate or redevelop the Public Improvements identified in the Primary
Infrastructure Plan. Any use of eminent domain shall be undertaken strictly in
compliance with state law. Any proposed use of eminent domain for a purpose
other than as may be necessary to complete the Public Improvements identified
in the Primary Infrastructure Plan shall require a forty -five-day notice publication
and written notice to the BOCC pursuant to Section 32-1-207(3)(b), C.R.S. If,
within forty-five (45) days of the publication of such notice, the BOCC expresses
to the District a written objection to the proposed use of eminent domain by the
District, then the proposed use of eminent domain shall be considered a material
modification of the Amended Service Plan and shall be resolved in accordance
with Section 32-1-207(2), C.R.S.
10. Service Plan amendment requirement. This Amended Service Plan is
general in nature and does not include specific detail in some instances because
development plans have not been finalized. The Amended Service Plan has been
designed with sufficient flexibility to enable the District to provide required
services and facilities under evolving circumstances without the need for
numerous amendments. Modification of the general types of services and
facilities making up the Public Improvements, and changes in proposed
configurations, locations or dimensions of the Public Improvements, shall be
permitted to accommodate development needs consistent with the then -current
Approved Development Plans for the Project. The District is an independent unit
of local government, separate and distinct from the County, and its activities are
subject to review by the County only insofar as they may deviate in a material
manner from the requirements of the Amended Service Plan. Any action of the
District which: (1) violates the limitations set forth in Paragraphs V.A.1-9
above; or (2) violates the limitations set forth in Subsections VI.B—H below,
shall be deemed to be a material modification to this Amended Service Plan,
unless otherwise agreed by the County as provided for in Section X of this
Amended Service Plan.
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11. Subdistricts. The District shall have the authority pursuant to Section 32-
1-1101(1)(f)(I), C.R.S. and Section 32-1-101(1.5)(a) through (1.5)(e), C.R.S., to
divide the District into one or more areas consistent with the services, programs
and facilities to be furnished therein. The exercise of such authority shall not be
deemed a material modification of •this Amended Service Plan.
12. Special Improvement Districts. In accordance with the requirements of
Section 32-1-1101.7, C.R.S., and pursuant to the authority granted by and
procedures set forth in Parts 5 and 11 of Article 25 of Title 31, C.R.S.
(collectively, the "SID Statutes"), the District shall have the authority to establish
and organize a special improvement district within the boundaries of the District
to finance Public Improvements authorized under this Amended Service Plan
("Special Improvement District"). In accordance with the SID Statutes, the
Special Improvement District may levy special assessments on property specially
benefitted by such improvements ("Assessments") and upon organization, the
Special Improvement District may issue debt secured and to be repaid by such
Assessments ("SID Assessment Bonds"), provided, however such Assessments
shall be due and payable prior to ownership or occupation of the property by the
End User.
13. Water Activities. In accordance with the Water Activities Act, and other
applicable statutes, common law and the State Constitution, the District shall
have the authority to establish a water activity enterprise for the purpose of
pursuing and continuing water activities, including water acquisition or water
project or facility activities. In accordance with the Water Activities Act, a water
activity enterprise created by the District may issue revenue bonds payable from
the revenues derived from the facilities of the enterprise and may contract with
the Colorado water conservation board or any other governmental source of
funding for loans and grands relating to water activity enterprise functions
(together, "Water Enterprise Obligations").
B. Primary Infrastructure Plan.
The District shall have authority to provide for the planning, design, acquisition,
construction, installation, relocation, redevelopment, operation, maintenance and financing
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of the Public Improvements within and without the boundaries of the District, to be more
specifically defined in an Approved Development Plan. The Primary Infrastructure Plan,
including: (1) a list of the Public Improvements to be developed by the District; and (2) an
estimate of the cost of the Public Improvements is attached hereto as Exhibit D. The Map
Depicting Public Improvements is attached hereto as Exhibit E. In accordance with
Subsection 2-14-20.L of the County Code, the Map Depicting Public Improvements shall be
provided to the County in (at minimum) 24" x 36" format. The Map Depicting Public
Improvements may be reduced as necessary to permit filing of the approved Amended Service
Plan with the District Court for and in Weld County, Colorado.
As shown in the Primary Infrastructure Plan, the estimated cost of the Public
Improvements which may be planned for, designed, acquired, constructed, installed,
relocated, redeveloped, operated, maintained or financed by the District is approximately
$29,583,701.
The District shall be permitted to allocate costs between such categories of the Public
Improvements as deemed necessary in its discretion.
All of the Public Improvements described herein will be designed in such a way as to
assure that the Public Improvements standards will be compatible with those of the County
and shall be in accordance with the requirements of the Approved Development Plan. All
descriptions of the Public Improvements to be constructed, and their related costs, are
estimates only and are subject to modification as engineering, development plans, economics,
the County's requirements and construction scheduling may require. Upon approval of this
Amended Service Plan, the District will continue to develop and refine the Primary
Infrastructure Plan and the Map Depicting Public Improvements, as necessary, and prepare
for issuance of Debt. All cost estimates will be inflated to then -current dollars at the time of
the issuance of Debt and construction. All construction cost estimates contained in Exhibit D
assume construction to applicable local, state or federal requirements.
VI. FINANCIAL PLAN
A. General.
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The District shall be authorized to provide for the planning, design, acquisition,
construction, installation, operation, maintenance, relocation and/or redevelopment of the
Public Improvements from its revenues and by and through the proceeds of Debt and/or SID
Assessment Bonds to be issued by the District and to establish a water activity enterprise for
the purpose of pursuing and continuing water activities by and through the proceeds of the
issuance of Water Enterprise Obligations. The Financial Plan for the District shall be to issue
(i) such Debt as the District can reasonably pay within the Maximum Debt Mill Levy
Imposition Term from revenues derived from the Maximum Debt Mill Levy and other legally
available revenues, (ii) SID Assessment Bonds, (iii) Water Enterprise Obligations, or (iv) any
combination thereof. The total Debt that the District shall be permitted to issue shall not
exceed the Total Debt Issuance Limitation and shall be permitted to be issued on a schedule
and in such year or years as the District determines shall meet the needs of the District and
phased to serve development as it occurs. All Debt issued by the District may be payable from
any and all legally available revenues of the District, including general ad valorem taxes to
be imposed upon all taxable property within the District. Any SID Assessment Bonds issued
by the District may be payable from special assessments assessed in accordance with the SID
Statutes. Any Water Enterprise Obligations entered into by a water activity enterprise created
by the District shall be payable from revenues derived from the facilities of the enterprise.
The District may also rely upon various other revenue sources authorized by law. These may
include the power to assess fees, rates, tolls, penalties or charges as provided in Section 32-
1-1001(1), C.R.S.
The Total Debt Issuance Limitation is supported by the Financial Plan prepared by Piper
Sandler & Co., attached hereto as Exhibit F. The Financial Plan attached to this Amended
Service Plan satisfies the requirements of Subsection 2-14-20. I of the County Code.
B. Maximum Voted Interest Rate and Maximum Underwriting Discount.
The interest rate on any debt is expected to be the market rate at the time the debt is issued.
In the event of a default, the proposed maximum interest rate on any Debt is not expected to
exceed fifteen percent (15%). The proposed maximum underwriting discount will be five
percent (5%). Debt, when issued, will comply with all relevant requirements of this Amended
Service Plan, state law and federal law as then applicable to the issuance of public securities.
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C. Maximum Debt Mill Levy.
The Maximum Debt Mill Levy shall be the maximum mill levy the District is permitted
to impose upon the taxable property within the District for payment of Debt, and shall be fifty
(50) mills; provided that if, on or after January 1, 2006, there are changes with respect to the
assessment of property for taxation purposes, in the method of calculating assessed valuation
or any constitutionally mandated tax credit, cut or abatement or any similar changes, the mill
levy limitation applicable to such Debt may be increased or decreased to reflect such changes,
such increases or decreases to be determined by the Board in good faith (such determination
to be binding and final) so that, to the extent possible, the actual tax revenues generated by
the mill levy, as adjusted for changes occurring on or after January 1, 2006, are neither
diminished nor enhanced as a result of such changes. For purposes of the foregoing, a change
in the ratio of actual valuation to assessed valuation and any constitutional or legislative
changes in the actual value against which the assessment rate is applied shall be deemed to
be a change in the method of calculating assessed valuation. All Debt issued by the District
must be issued in compliance with the requirements of Section 32-1-1101, C.R.S., and all
other requirements of state law.
D. Maximum Debt Mill Levy Imposition Term and Maximum Maturity.
The District shall not impose a debt mill levy for repayment of any and all Debt (or use
the proceeds of any mill levy for repayment of Debt) on any property which exceeds forty
(40) years after the year of the initial imposition of such mill levy to such property unless a
majority of the Board are residents of the District and have voted in favor of a refunding of a
part or all of the Debt and such refunding will result in a net present value savings as set forth
in Section 11-56-101 et seq., C.R.S.
The District shall issue its initial Debt within a period of fifteen (15) years from the date
of the District's first debt authorization election following approval of this Amended Service
Plan. The District may issue additional Debt after the fifteen -year period in order to provide
the services outlined in this Amended Service Plan if development phasing is of a duration
that makes it impracticable to issue all debt within the fifteen -year period.
The maximum maturity of the Debt, when issued, will not exceed thirty (30) years from
the calendar year of issuance.
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E. Debt Repayment Sources.
The District may impose a mill levy on taxable property within its boundaries as a primary
source of revenue for repayment of debt service and for operations and maintenance, to the
extent operations and maintenance functions are specifically addressed in this Amended
Service Plan. The District may also rely upon various other revenue sources authorized by
law. At the District's discretion, these may include the power to assess fees, rates, tolls,
penalties or charges as provided in the Special District Act, the SID Statutes, the Water
Activities Act, and other applicable statutes, common law, and the State Constitution. In no
event shall the debt service mill levy in the District exceed the Maximum Debt Mill Levy.
F. Security for Debt.
The District shall not pledge any revenue or property of the County as security for the
indebtedness set forth in this Amended Service Plan. Approval of this Amended Service Plan
shall not be construed as a guarantee by the County of payment of any of the District's
obligations; nor shall anything in the Amended Service Plan be construed so as to create any
responsibility or liability on the part of the County in the event of default by the District in
the payment of any such obligation.
G. TABOR Compliance.
The District will comply with the provisions of TABOR. In the discretion of the Board,
the District 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
District will remain under the control of the District's Board.
H. District's Operating Costs.
The estimated cost of acquiring land, engineering services, legal services and
administrative services, together with the estimated costs of the District's organization and
initial operations, were anticipated to be $50,000.00 in the Service Plan, which will be eligible
for reimbursement from Debt proceeds.
In addition to the capital costs of the Public Improvements, the District will require
operating funds for administration and to plan and cause the Public Improvements to be
operated and maintained. The first year's operating budget following approval of this
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Amended Service Plan is estimated to be $75,000, which is anticipated to be derived from
property taxes and other revenues.
The Maximum Debt Mill Levy for the repayment of Debt shall not apply to the District's
ability to increase its mill levy as necessary for provision of operation and maintenance
services to its taxpayers and service users. The Aggregate Mill Levy Cap shall be the
maximum mill levy the District is permitted to impose upon the taxable property within the
District for payment of Debt and operations and maintenance functions, and shall be sixty-
five (65) mills; provided that if, on or after January 1, 2006, there are changes with respect to
the assessment of property for taxation purposes, in the method of calculating assessed
valuation or any constitutionally mandated tax credit, cut or abatement or any similar changes,
the mill levy limitation applicable to such Debt may be increased or decreased to reflect such
changes, such increases or decreases to be determined by the Board in good faith (such
determination to be binding and final) so that, to the extent possible, the actual tax revenues
generated by the mill levy, as adjusted for changes occurring on or after January 1, 2006, are
neither diminished nor enhanced as a result of such changes. For purposes of the foregoing,
a change in the ratio of actual valuation to assessed valuation and any constitutional or
legislative changes in the actual value against which the assessment rate is applied shall be
deemed to be a change in the method of calculating assessed valuation. Although the
operations and maintenance mill levy imposed by the District may exceed fifteen (15) mills
as part of the Aggregate Mill Levy Cap, the debt service mill levy may not exceed the
Maximum Debt Mill Levy.
I. Elections.
The District has conducted an election on the questions of organizing the District, electing
the initial Board and setting in place the proposed financial structure as required by TABOR.
The election was conducted as provided in the Uniform Election Code of 1992, the Municipal
Election Code and TABOR. The District intends to hold a TABOR election to authorize
debt at the next available TABOR election following the approval of this Amended Service
Plan, the proposed ballot questions for such TABOR election are attached here to as Exhibit
G, and do not require further submission to the County. At least thirty (30) days prior to
any other District's TABOR election to authorize debt, the proposed ballot questions shall be
16
submitted to the County for review to ensure that said ballot questions are in compliance with
this Amended Service Plan.
VII. ANNUAL REPORT AND TRANSPARENCY
A. Annual Report
The District shall be responsible for submitting an annual report with the County Clerk in
compliance with the requirements of Section 32-1-207(3)(c), C.R.S., as amended from time
to time.
B. Website.
The District shall establish, maintain and annually update a public website or provide
information on a shared community website, on which the District will, at a minimum, timely
post all information and documents required by Section 32-1-104.5, C.R.S. as amended from
time to time.
C. Transparency Notices.
The District shall provide annual notice to all eligible electors of the District, in
accordance with Section 32-1-809, C.R.S., as amended from time to time. In addition, the
District shall record a District public disclosure document and a map of the District
boundaries with the Clerk and Recorder of each County in which District property is located,
in accordance with Section 32-1-104.8, C.R.S. as amended from time to time.
D. Purchaser Disclosures.
The District will use reasonable efforts to assure that all developers of the property
located within the District provide written notice to all purchasers of property in the District
in compliance with Section 38-35.7-100, C.R.S. as amended from time to time.
VIII. DISSOLUTION
Upon a determination of the BOCC that the purposes for which the District was created have
been accomplished, the District agrees to file a petition in the District Court in and for Weld
County, Colorado, for dissolution, in accordance with the provisions of the Special District Act.
17
In no event shall dissolution occur until the District has provided for the payment or discharge of
all of its outstanding Debt and other financial obligations as required pursuant to state statutes. If
the District is responsible for ongoing operations and maintenance functions under this Amended
Service Plan (Long -Term District Obligations), the District shall not be obligated to dissolve upon
any such BOCC determination. However, should the Long -Term District Obligations be
undertaken by the County or other governmental entity, or should the District no longer be
obligated to perform the Long -Term District Obligations, the District agrees to commence
dissolution proceedings as set forth above.
IX. PROPOSED AND EXISTING INTERGOVERNMENTAL AGREEMENTS
AND EXTRATERRITORIAL SERVICE AGREEMENTS
All intergovernmental agreements must be for facilities, services and agreements lawfully
authorized to be provided by the District, pursuant to the State Constitution, Article XIV, Section
18(2)(a), and Sections 29-1-201 et seq., C.R.S. To the extent practicable, the District may enter
into agreements to better ensure long-term provision of the Public Improvements identified herein.
Agreements may also be executed with property owner associations and other service providers.
Any agreements which are required, or known at the time of this Amended Service Plan to
likely be required, to fulfill the purposes of the District, must be described in this Amended
Service Plan, along with supporting rationale. The District anticipates that it may enter into one
or more intergovernmental agreements with neighboring special districts or other governmental
entities related to cost sharing of regional improvements and such agreements may be entered
into without additional notice to the County. Execution of intergovernmental or extraterritorial
agreements by the District that are not described in this Amended Service Plan shall require a
forty -five-day notice publication and written notice to the BOCC pursuant to Section 32-1-
207(3)(b), C.R.S. If, within forty-five (45) days of the publication of such notice, the BOCC
expresses to the District a written objection to the proposed agreements, then the entry into said
agreements without the prior written approval of the BOCC shall be considered a material
modification of this Amended Service Plan and shall be resolved only in accordance with Section
32-1207(2), C.R.S.
X. MATERIAL MODIFICATIONS
18
Material modifications to this Amended Service Plan may be made only in accordance with
Section 32-1-207, C.R.S. All modifications to the written provisions of this Amended Service
Plan, whether deemed material or otherwise, must be approved by the County prior to becoming
effective, and the District shall not be permitted to unilaterally make such modifications. No
modification shall be required for an action of the District which does not materially depart from
the provisions of this Amended Service Plan. The District may request from the County a
determination as to whether the County believes any particular action constitutes a material
departure from the Amended Service Plan, and the District may rely on the County's written
determination with respect thereto; provided that the District acknowledges that the County's
determination as aforesaid will be binding only upon the County, and will not be binding upon
any other party entitled to enforce the provisions of the Amended Service Plan as provided in
Section 32-1-207, C.R.S.
XL CONCLUSION
It is submitted that this Amended Service Plan for the District, as required by Section 32-1-
203(2), C.R.S., and Section 32-1203(3), C.R.S., establishes that:
1. There is sufficient existing and projected need for organized service in the area
to be serviced by the District;
2. The existing service in the area to be served by the District is inadequate for
present and projected needs;
3. The District is capable of providing economical and sufficient service to the area
within its proposed boundaries;
4. The area to be included in the District does have, and will have, the financial
ability to discharge the proposed indebtedness on a reasonable basis;
5. Adequate service is not, and will not be, available to the area through the County
or other existing municipal or quasi -municipal corporations, including existing
special districts, within a reasonable time and on a comparable basis;
6. The facility and service standards of the District are compatible with the facility
and service standards of the County and each municipality which is an interested
party under Section 32-1-204(1), C.R.S.;
19
7. The proposal is in substantial compliance the County's Master Plan adopted
pursuant to Section 30-28106, C.R.S.;
8. The proposal is in compliance with any duly adopted County, regional or state
long-range water quality management plan for the area;
9. The creation of the District is in the best interests of the area proposed to be
served; and
10. The creation of the District is in the best interests of the residents and future
residents of the area proposed to be served.
XII. RESOLUTION OF APPROVAL
The District agrees to incorporate the BOCC's resolution of approval, including any
conditions on any such approval, into the Amended Service Plan.
20
EXHIBIT A
Legal Description of Initial District Boundaries
LEGAL DESCRIPTION:
PER VESTING DEED RECORDED ON 03/01/2018 UNDER RECEPTION NO.
4378768, AS PROVIDED BY THE TITLE COMPANY:
LOT B OF RECORDED EXEMPTION NO. 1208 -27 -2 -RE 843 AS RECORDED IN
BOOK 1111, FILM 1383, RECEPTION NO. 02052248, WELD COUNTY RECORDS,
BEING MORE PARTICULARLY DESCRIBED AS FOLLOWS:
THAT TRACT OF LAND LOCATED IN THE NORTHWEST ONE -QUARTER OF
SECTION 27, TOWNSHIP 3 NORTH, RANGE 68 WEST OF THE 6TH P.M., WELD
COUNTY, COLORADO BEING MORE PARTICULARLY DESCRIBED AS FOLLOWS:
CONSIDERING THE WEST LINE OF THE NORTHWEST ONE -QUARTER AS
ASSUMED TO BEAR NORTH 00°03'44" WEST AND WITH ALL BEARINGS
CONTAINED HEREIN RELATIVE THERETO:
BEGINNING AT THE WEST ONE -QUARTER COMER OF SAID SECTION 27;
THENCE NORTH 00°03'44" WEST 2651.99 FEET TO THE NORTHWEST COMER OF
SAID SECTION 27; THENCE NORTH 89°48'39" EAST 2637.30 FEET TO THE NORTH
ONE -QUARTER COMER OF SAID SECTION 27; THENCE ALONG THE EAST LINE
OF THE NORTHWEST ONE -QUARTER OF SAID SECTION 27, SOUTH 00°42'51"
WEST 1500.73 FEET; THENCE ALONG THE NORTHWESTERLY BOUNDARY OF
THAT PARCEL OF LAND DESCRIBED BY DEED RECORDED IN BOOK 207 AT
PAGE 395 OF WELD COUNTY RECORDS, THE FOLLOWING THREE (3) COURSES;
SOUTH 51 °37'53" WEST 507.62 FEET; SOUTH 52°39'03" WEST 394.00 FEET;
SOUTH 39°24'03" WEST 765.00 FEET TO A POINT ON THE SOUTH LINE OF THE
NORTHWEST ONE -QUARTER OF SAID SECTION 27; THENCE SOUTH 89°24'03"
WEST 1125.18 FEET TO THE SOUTHEAST COMER OF LOT A OF RECORDED
EXEMPTION NO. 1208 -27 -2 -RE 843 AS RECORDED IN BOOK 1111, FILM 1383,
RECEPTION NO. 02052248, WELD COUNTY RECORDS; THENCE ALONG THE
EAST, NORTH AND WEST LINE OF SAID LOT A THE FOLLOWING THREE (3)
COURSES; NORTH 00°03'44" WEST 233.34 FEET; SOUTH 89°24'03" WEST 263.82
FEET; SOUTH 00°03'44" EAST 233.34 FEET TO A POINT ON THE SOUTH LINE OF
THE NORTHWEST ONE -QUARTER OF SAID SECTION 27; THENCE SOUTH
89°24'03" WEST 30.00 FEET TO THE WEST ONE -QUARTER CORNER OF SAID
SECTION 27 AND THE TRUE POINT OF BEGINNING.
THE ABOVE DESCRIBED PARCEL CONTAINS 140.43 ACRES, MORE OR LESS,
AND IS SUBJECT TO ALL EXISTING EASEMENTS AND/OR RIGHTS OF WAY OF
RECORD.
EXCEPTING THEREFROM:
THAT PORTION OF LOT B OF RECORDED EXEMPTION NO. 1207 -27 -2 -RE 843,
SITUATE IN THE NORTHWEST QUARTER OF SECTION 27, TOWNSHIP 3 NORTH,
RANGE 68 WEST OF THE 6TH P.M., WELD COUNTY, COLORADO, BEING MORE
PARTICULARLY DESCRIBED AS FOLLOWS;
CONSIDERING THE WEST LINE OF THE NORTHWEST QUARTER OF SAID
SECTION 27 AS ASSUMED TO BEAR NORTH 00°03'44" WEST AND WITH ALL
BEARINGS CONTAINED HEREIN RELATIVE THERETO; BEGINNING AT THE
SOUTHWEST CORNER OF THE NORTHWEST QUARTER OF SAID SECTION 27;
THENCE ALONG THE SOUTH LINE OF SAID NORTHWEST QUARTER NORTH
89°23'55" EAST 30.00 FEET TO THE SOUTHWEST CORNER OF LOT A OF
RECORDED EXEMPTION NO. 1207 -27 -2 -RE 843; THENCE CONTINUING ALONG
THE SOUTH LINE OF SAID NORTHWEST QUARTER AND ALONG THE SOUTH
LINE OF SAID LOT A NORTH 89°23'55" EAST 263.82 FEET TO THE SOUTHEAST
CORNER OF SAID LOT A AND THE TRUE POINT OF BEGINNING; THENCE
CONTINUING ALONG THE SOUTH LINE OF SAID NORTHWEST QUARTER NORTH
89°23'55" EAST 30.00 FEET; THENCE DEPARTING SAID SOUTH LINE NORTH
00°01 '39" WEST 233.46 FEET TO A POINT ON THE EASTERLY PROLONGATION
OF THE NORTH LINE OF SAID LOT A; THENCE ALONG SAID EASTERLY
PROLONGATION SOUTH 89°22'15" WEST 30.00 FEET TO THE NORTHEAST
COMER OF SAID LOT A; THENCE ALONG THE EAST LINE OF SAID LOT A SOUTH
00°01'39" EAST 233.45 FEET TO A POINT ON THE SOUTH LINE OF SAID
NORTHWEST QUARTER, SAID POINT BEING THE SOUTHEAST CORNER OF SAID
LOT A AND THE TRUE POINT OF BEGINNING.
THE ABOVE DESCRIBED PARCEL CONTAINS 0.16 ACRES, MORE OR LESS, AND
IS SUBJECT TO ALL EXISTING EASEMENTS AND/OR RIGHTS OF WAY OF
RECORD.
ALSO EXCEPTING THEREFROM:
THAT PORTION OF LOT B OF RECORDED EXEMPTION NO. 1207 -27 -2 -RE 843,
SITUATE IN THE NORTHWEST QUARTER OF SECTION 27, TOWNSHIP 3 NORTH,
RANGE 68 WEST OF THE 6TH P.M., WELD COUNTY, COLORADO, BEING MORE
PARTICULARLY DESCRIBED AS FOLLOWS;
CONSIDERING THE WEST LINE OF THE NORTHWEST QUARTER OFSAID
SECTION 27 AS ASSUMED TO BEAR SOUTH 00°03'44" EAST AND WITH ALL
BEARINGS CONTAINED HEREIN RELATIVE THERETO; BEGINNING AT THE
NORTHWEST COMER OF SAID SECTION 27; THENCE ALONG THE WEST LINE OF
THE NORTHWEST QUARTER OF SAID SECTION 27 SOUTH 00°03'44" EAST 861.97
FEET TO THE TRUE POINT OF BEGINNING; THENCE CONTINUING ALONG SAID
WEST LINE SOUTH 00°03'44" EAST 376.60 FEET; THENCE DEPARTING SAID
WEST LINE NORTH 89°59'42" EAST 377.59 FEET; THENCE NORTH 00°03'44"
WEST 190.20 FEET; THENCE NORTH 28°00'26" WEST 211.43 FEET; THENCE
SOUTH 89°56'16" WEST 278.51 FEET TO A POINT ON THE WEST LINE OF THE
NORTHWEST QUARTER OF SAID SECTION 27 AND THE TRUE POINT OF
BEGINNING.
THE RESULTING PROPERTY DESCRIPTION CONTAINS 137.22 ACRES, MORE OR
LESS, AND IS SUBJECT TO ALL EXISTING EASEMENTS AND/OR RIGHTS OF WAY
OF RECORD.
PARCEL ALSO REFERENCED AS PARCEL NUMBER: 120727200004
*PLEASE NOTE THAT THE PREVIOUS QUITCLAIM DEED RECORDED ON
05/14/1993 UNDER RECEPTION NO. 02332937 EXCEPTS "EXISTING RIGHTS OF
WAY FOR ROADS AND DITCHES"; AS WELL THE EXEMPTION PLAT MENTIONED
HEREON INHERENTLY EXCEPTS RIGHTS OF WAY FOR ROAD/HIGHWAY
PURPOSES. THERE IS NO EVIDENCE BASED UPON THE TITLE COMMITMENT
AND SUBSEQUENT DOCUMENTS PROVIDED THAT THE RIGHTS OF WAY FOR
THOSE PURPOSES HAVE BEEN VACATED.
PARCEL CONTAINS APPROXIMATLEY 5,744,611 SQUARE FEET (131.878 ACRES)
MORE OR LESS.
EXHIBIT B
Vicinity Map
22
EXHIBIT C-1
District Boundary Map
23
E N0
CD
O �p
o Do
0
z
SW 1/4
SECTION 22
SE 1/4
SECTION 21
HIGHLAND DITCH
♦
COLORADO STATE HIGHWAY 66 _
(PUBLIC R.O.W: WIDTH VARIES)
SE 1/4
I SECTION 22
N89'48'39"E 2637.30'
NORTHWEST CORNER NORTH LINE OF THE NORTHWEST
ONE -QUARTER OF SECTION 27
NORTH ONE -QUARTER
CORNER OF SECTION 27
OF SECTION 27
NE 1/4
SECTION 28
CA
S89'56'16'W 278.51'
N28'00'26'W 212.62'
�
�,� �1
z v1 I
=oN00'03'44'W 189.15'
ML
O w Q oo N89'59'42'E 378.15'
C/),Fyz
H'
(1(7,1 r�
40
A H'
9
to
� o
0
� z
BRANDING S
IRON WAY
IBB' PUBLIC R.O.W.)
NW 1/4
SECTION 27
L018 TION NO'
RECOR2o;!:711 R43
S89'24'03"W 263.82'
NO0'03'44"W 233.34'
5l
SE 1/4
SECTION 28
S8924'03"W 1125.18'
HIGHLAND
DRIVE
Imo' ethnic R.o.w.)
� f
zvwi
ww
"� N
z a (n
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Nw
Qz
w0
NE 1/4
SECTION 27
0
z
_S51 '37'52"W
507.62'
S52'39'03"W
394.00'
//)
S00'03'44"E 233.34' - SOUTH LINE OF THE NORTHWEST
ONE -QUARTER OF SECTION 27
�S89'24'03"W 30.00' SW 1/4 SE 1/4
- POINT OF BEGINNING SECTION 27 SECTION 27
WEST ONE -QUARTER
CORNER OF SECTION 27
NOTE: THIS IS NOT A LAND SURVEY PLAT AND IS ONLY
INTENDED TO GRAPHICALLY DEPICT THE LEGAL
DESCRIPTION CONTAINED IN THE SERVICE PLAN FOR
KITELEY RANCH METROPOLITAN DISTRICT.
LGID: 65802
9380 TEDDY. LANE, SUITE #203
LONE TREE, COLORAOO 80124
TELEPHONE: 303-395-2700
FAx 303395-2701
CWC CONSULTING GROUP
CIVIL ENGINEERING • LAND SURVEYING • CONSTRUCTION SERVICES
Exhibit
KITELEY RANCH
METROPOLITAN DISTRICT
DRAFTED: SLG3
CHECKED: EDC
DATE: 07/09/2020
JOB NO. CWC#120-00319
SCALE:' SOS.
PAGE: 1 OF 1
NOTE: THIS EXHIBIT DOES NOT REPRESENT A
MONUMENTED SURVEY. IT IS INTENDED ONLY TO
DEPICT THE ATTACHED DESCRIPTION.
PREPARED FOR:
PEAK DEVELOPMENT GROUP
EXHIBIT C-2
Inclusion Area Boundary Map
Not applicable.
24
EXHIBIT D
Primary Infrastructure Plan
Description of Public Improvements:
Streets generally include:
Curbs, gutters, culverts, storm drainage conveyance facilities, sidewalks, bridges, parking
facilities, paving, lighting, grading, grading stabilization, utility relocations required for public
right-of-way, monumentation, signage, pavement markings, traffic control devices,
intersection control (traffic signals, roundabouts, or others deemed necessary), snow removal,
streetscapes and related landscaping, irrigation improvements, together with all necessary,
incidental and appurtenances facilities, equipment, land and easements and extensions of and
improvements to such facilities. Cost of obtain necessary easements are not included in this
projection.
Water:
Potable and non -potable water supply improvements, including water rights, storage facilities,
transmission and distribution lines, pumping stations, fire hydrants, meters, facilities,
equipment, and related landscaping and irrigation improvements, together with all necessary,
incidental and appurtenant facilities, equipment, land and easements, and extensions of and
improvements to such facilities. Cost of obtain necessary easements are not included in this
projection.
Storm and Sanitary Sewer:
Storm and sanitary sewer collection and transmission improvements, including storage
facilities, collection mains and laterals, pumping stations, lift stations, transmission lines,
storm sewer, flood, water quality and surface drainage facilities and systems, and related
landscaping and irrigation improvements, together with all necessary, incidental and
appurtenant facilities, equipment, land and easements, and extensions of and improvements to
such facilities. Cost of obtain necessary easements are not included in this projection.
Amenities, Parks and Recreation:
Public park, open space and recreation facilities or services, including parks, bike paths,
pedestrian ways, public plazas and courtyards, water features, signage, monumentation, art,
gardens, picnic areas, recreational facilities, playground equipment/areas, park shelters, public
area landscaping and weed control, streetscaping, outdoor lighting of all types, and related
landscaping and irrigation improvements, together with all necessary, incidental and
appurtenant facilities, equipment, land and easements, and extensions of and improvements to
such facilities. Cost of obtain necessary easements are not included in this projection.
25
Timing:
Construction of infrastructure improvements and incurrence of the projected costs is
anticipated to commence in 2024 and continue through 2030 or as adjusted for market
conditions.
Matrix of Ownership and Maintenance
Item
District
HOA*
Agency
Internal
Pocket
Parks
0
M
Neighborhood
(Until
Agency
and
Acceptance)
Community
Parks
0
M
Recreation Amenities/Facility
0
M
Roadway
Landscape
and
Tracts
0
M
Open
Space
0
M
Detention
Ponds
0
M
Internal(Non
County
Accepted)
Storm
Draina
0
M
Non
Potable
Infrastructure
OM
Public
Roadways
0
M
Public
Sewer,
Water,
Storm
Non
Drainage
Potable
Water,
Sanitary
OM
Traffic
Signals
OM
Lighting
and
Signage
0
M
Agency
0
M
OM
*
=
If
=
Ownership
=
HOA
can
Maintenance
Ownership
is not
be
incorporated
Sewer
and
and/or
Maintenance
then
Water
the
Districts,
District
or
will
an
take
appropriate
the
responsibilities
jurisdiction.
show
26
KITELEY RANCH - METROPOLITAN DISTRICT COST PROJECTION
April 30, 2023
PROJECT TOTAL $ 29,583,701
SUBTOTALS
Offsite Water
WCR 7
Phase 1
Phase 2
Misc
COST
$ 4,901.105
$ 1,674,109
$ 16,222.320
$ 6.786.168
TIME
2024
2024
2024
2027
COMMENTS
April 30, 2023
KITELEY
RANCH
- METROPOLITAN
DISTRICT
COST
PROJECTION
PROJECT
TOTAL
$ 4,901,105
COST PER LOT/PER FOOT
0
#DIV/0!
$344.66
CENTERLINE WATERLINE -24"
1800
CENTERLINE WATERLINE
-16"
4500
CENTERLINE WATERLINE -12"
7 920
FEES
QTY
COST
COMMENTS
IMPACT FEES
1
S 53,986.39
Reimbursement from Letter
SUBTOTAL
$ $3,986
PROFESSIONAL SERVICES
QTY
COST
COMMENTS
AGENCY REVIEW FEES
1
S 17,500.00
0.50%
ENGINEERING
1
S 175,000.00
5.00%
STAKING
1
S 70,000.00
2.00%
SOILS AND ENVIRONMENTAL TESTING
1
S 87,500.00
2.50%
RECORD DRAWINGS/CLOSE OUT
1
S 35,000.00
1.00%
SUBTOTAL
$ 385,000
EROSION CONTROL
QTY
COST
COMMENTS
EROSION CONTROL
14220
S 213,300.00
SUBTOTAL
S 213,300
WATER IMPROVEMENTS
QTY
COST
COMMENTS
12" PVC C-200 w/Bedding & 12ga Tracer wire
7920
S 514,800.00
16" PVC w/Bedding & 12ga Tracer wire
4500
S 427,500.00
24" PVC w/Bedding & 12ga Tracer wire
1800
S 441,000.00
12" MJ Gate Valve W/Box & Restraints
11
S 58,905.00
750
16"BFV Valve W/Box & Restraints
6
S 149,176.36
750
24" BFV Valve W/Box & Restraints
2
S 60,186.43
750
Vaults for BFV
8
S 252,783.00
Fire Hydrants
7
S 71 ,384.40
2.000
12" Fittings
11
S 18,014.99
750
16" Fittings
6
S 12,854.10
750
24" Fittings
3
S 16,323.42
750
Remove Plug & Tie in
3
S 11.025.00
Tie in after testing
0
S -
CI,Clear Water & Pressure Test
14220
S 35,550.00
MARKER POSTS
28
S 6,271.02
500
SPECIAL
250
S 325,000.00
BORES
SUBTOTAL
$ 2,400,774
ASPHALT PAVING IMPROVEMENTS INTERNAL)
QTY
COST
COMMENTS
PAVING (9" - Assumed Full Depth Asphalt )
9480
S 443,664.00
6.00
PAVING - SUBGRADE PREPARATION
9480
S 42,702.66
PAVEMENT MARKINGS
14220
S 16,424.10
1.0
SIGNAGE
8
S 4,494.00
2,000
TRAFFIC CONTROL
1
S 130,000.00
RAISE WATER VALVES
11
S 4,735.50
RAISE MANHOLES
8
S 9,702.00
RAISE RANGEBOXES
0
S -
SUBTOTAL
$ 651,722
ADDITIONAL COSTS
QTY
COST
COMMENTS
LETTERS OF CREDIT/BONDS
0.5%
S 15,262
WARRANTY
3.0%
S 91,575
MOBILIZATION
5.0%
S 163,290
CONTINGENCY
S 926,196
S -
SUBTOTAL
$ 1,196.323
COST PARTICIPATION
QTY
COST
COMMENTS
REIMBURSEMENT
0
S -
SUBTOTAL
$ -
PROJECT TOTAL
$ 4,901,105
April 30, 2023
KITELEY
RANCH
-
METROPOLITAN
DISTRICT
COST
PROJECTION
PROJECT TOTAL
S 1,674,109
WCR
PROFESSIONAL SERVICES
QTY
COST
5%
AGENCY REVIEW FEES
1
S 3.000.00
0.50°ra
PLANNING
1
S 12.000.00
2.00%
ENGINEERING
1
S 15.000.00
2.50%
LANDSCAPE ARCHITECTURE
1
S 6.000.00
1.00%
STAKING
1
S 18.000.00
3.00%
SOILS AND ENVIRONMENTAL TESTING
1
S 18.000.00
3.00%
RECORD DRAWINGS/CLOSE OUT
1
S 6.000.00
1.00%
SUBTOTAL
$ 78,000
GRADING
QTY
COST
COMMENTS
TOPSOIL
333
S 900.00
10%
OVERLOT GRADING
3333
S 9 500.00
3
SUBTOTAL
$ 10,400
QTY
COST
COMMENTS
EROSION CONTROL
EROSION CONTROL
2000
S 80.000.00
2.00
SUBTOTAL
$ 80.000
STORM DRAINAGE IMPROVEMENTS
QTY
COST
COMMENTS
18" RCP CL III TG/ C-443 0-8' w/squeegee
500
S 50 000.00
25%
EXTRA DEPTH 8'-10'
50
S 185.94
10%
EXTRA DEPTH 10'-12'
25
S 245.01
5%
4' Diameter MH (0-8) w/24" Cover
2
S 11,550.00
350
5' Type 'R' Inlet Up to 5' Deep
2
S 19.240.00
10' Type
'R' Inlet Up
to 5' Deep
2
S 24 000.00
OUTLET STRUCTURE
1
S 35 000.00
SWM
SUBTOTAL
$ 140.221
ASPHALT PAVING IMPROVEMENTS (INTERNAL)
QTY
COST
COMMENTS
ROAD BASE 8"
3111
S 41 066.67
PAVING ,9" - Assumed Full Depth
Asphalt )
3111
S 145.600.00
14.00
PAVING - SUBGRADE PREPARATION
3111
$ 14.014.00
SUBEXCAVATION
3111
S 10.616.67
3.0
PAVING 2
444
$ 7.350.00
2" Mill/Overlay
PAVEMENT MARKINGS
8000
S 9.240.00
4.0
SIGNAGE
4
S 1 500.00
500
TRAFFIC CONTROL
1
S 35 000.00
SLEEVES
900
S 27.000.00
3
RAISE MANHOLES
2
S 2 310.00
SUBTOTAL
$ 293,697
QTY
COST
COMMENTS
CONCRETE IMPROVEMENTS(INTERNAL)
2000
S 52,813.49
1
CURB & GUTTER - 2' GUTTER
2000
S 6,468.00
CURB AND GUTTER SUB GRADE PREPARATION
HANDICAP RAMPS (CORNER)
4
S 18 480.00
SUBTOTAL
$ 77.761
ADDITIONAL COSTS
0
COST
COMMENTS
LETTERS OF CREDIT/BONDS
0.5%
S 2,558
WARRANTY
3.0%
S 15,350
builder responsibility
MOBILIZATION
5.0%
S 30,104
CONTINGENCY
20.0%
S 271,016
S -
SUBTOTAL
$ 319,029
COST PARTICIPATION
QTY
COST
COMMENTS
REIMBURSEMENT
0
S -
SUBTOTAL
$ -
PROJECT TOTAL
$ 1,674,109
6 SIDEWALK -6
100524
$ 643 856 22
17 520 20
2
2
8 TRAIL - 6
SIDEWALK SUB GRADE PREP
2758
103282
$
$ 279 790 94
SUBTOTAL
LANDSCAPING IMPROVEMENTS
OTY
$ 1,755,390
COST
COMMENTS
OPEN SPACE
FORMAL - STREETS
431000
16548
$ 1 697 062 50
$ 172 885 23
12
FORMAL - PARKS
MONUMENTS
46000
2
$ 480 585 00
$ 73 500 00
FENCING
5000
$ 88 868 85
10 00
40
MAIL BOXES
AMENITY
5
1
S 400
$ 325 000 00
SUBTOTAL
ADDITIONAL COSTS
0
0 5%
$ 2,848,302
_ COST
52 585
COMMENTS
LETTERS OF CREDIT/BONDS
WARRANTY
3 0%
5 0%
$
$ 315 513
547 945
budder responsibility
MOBILIZATION
CONTINGENCY
20 0%
$
$ 2 551 046
SUBTOTAL
$ 3 467,089
COMMENTS
COST PARTICIPATION
REIMBURSEMENT
cur
0
COST
$
SUBTOTAL
$
PROJECT TOTAL
$ 16,222,320
SIDEWALK SUB GRADE PREP
56410
$ 152 814 69
SUBTOTAL
LANDSCAPING IMPROVEMENTS
ow
$ 904,611
COST
COMMENTS
OPEN SPACE
FORMAL STREETS
252000
2220
$ 992 250 00
$ 23 193 45
12
MONUMENTS
FENCING
1
$ 36 750 00
MAIL BOXES
3500
2
$ 62 208 20
$ 3 550 00
40
SUBTOTAL
ADDITIONAL COSTS
LETTERS OF CREDIT/BONDS
0
0 5%
$ 1,117,952
COST
COMMENTS
WARRANTY
MOBILIZATION
3 0%
50%
$ 22 560
$ 135 360
builder responsibility
CONTINGENCY
20 0%
$ 233 140
$ 1 065 851
SUBTOTAL
COST
$ 1,456,911
COMMENTS
PARTICIPATION
REIMBURSEMENT
cm,
0
COST
$
SUBTOTAL-
$
PROJECT TOTAL
$ 6,786,168
EXHIBIT E
Map Depicting Public Improvements
27
EXHIBIT F
Financial Plan
28
PIPER I SANDLER
Kiteley Ranch Metropolitan District
Weld County, Colorado
General Obligation Bonds, Series 2023
General Obligation & Refunding Bonds, Series 2033
Service Plan
Bond Assumptions
Series 2023 Series 2033 Total
Closing Date
First Call Date
Final Maturity
Discharge Date
Sources of Funds
Par Amount
Funds on Hand
Total
Uses of Funds
Protect Fund
Refunding Escrow
Capitalized Interest
Reserve Fund
Cost of Issuance
Total
Debt Features
Protected Coverage at Mill Levy Cap
Tax Status
Interest Payment Type
Rating
Coupon (Interest Rate)
Annual Trustee Fee
Biennial Reassessment
Residential
Tax Authority Assumptions
6/1/2023 12/1/2033
6/1/2028 12/1/2043
12/1/2053 12/1/2063
12/2/2063 12/2/2063
15,175,000 26,360,000
0 2,600,000
15,175,000 28,960,000
lic4,f 11,044;25$L'/tc 14)757,200y,,,,,,Py25,801;450
0
2,276,250
1,301,000
553,500
12,110,000
0
1,712,000
331,800
15,175,000 28,960,000
1 00x 1 30x
Tax -Exempt Tax -Exempt
Current Current
Non -Rated Investment Grade
5 000% 3 000%
$4,000 $4,000
6 00% 6 00%
Metropolitan District Revenue
Residential Assessment Ratio
Service Plan Base Year
Debt Service Mills
Service Plan Mill Levy Cap
Maximum Adjusted Cap
Specific Ownership Tax
County Treasurer Fee
Fee Revenue
SFD Facility Fee
2006
50 000
57 266
6 00%
1 50%
$5,000
5/10/2023
PIPER I SANDLER
Klteley Ranch Metropolitan District
Development Summa
Statutory Actual
Value (2023)
2023^2,ti-
Phase Lots SFD
$550,000
Phase Lots SFD
$595,000
Phase Lots SFD
$680,000
Residential
Phase Lots SFD Phase Lots SFD
$550,000 $595,000
Phase O Lots SFDTotalaM
$680,000
w as'k�.a
2024
12
8
8
g' T`�''i-2
2025
2026
36
36
24
23
24
24
1
84
7"Y
2027
11
2
25
24
9
` a 71
2028
2029
-
-
2
10
-:t4r,
Y 12
0
2031
2032
-
-
,--Ta4
f J
2033
2034
r =��_
Ct,r H�
2035
2036
2037
'os� '`
2038
2039
2040
2041
'
2042
_ , _
2043{�lKt_
2044
2045
-
�
4
{' rK u»
2046
2047
2048
2049
2050
2051`
a1
t t_
2052
2053
2054
20552056
2057
2058
2059
2060
r '��'
1rKb='k `,
2061
2062
2063
-
-
-
-
' _ y' r = }--
Total Unds
95
55
58
27
35
9
�,,
Total Statutory
Actual Value
S52,250,000
$32,725,000
$39,440,000
$14,850,000
$20,825,000
$6,120,000
x $ 166,210,000
-, l
D K.Iey Ranch MD Sem. Plan 0510 23 A. Dev
PIPER I SANDLER
Kiteley Ranch Metropolitan District
Assessed Value
2023
Vacant and Improved Land'
Cumulative Statutory Assessed Value in
Actual Value Collection Year
2 Year Lag
29 00%
Residential Units
Delivered
Residential - Single Family
Biennial Cumulative Statutory
Reassessment Actual Value Assessment Rate
6 00%
Assessed Value in
Collection Year
2 Year Lag
1,783,621
30,050
0
6 950%
0
2024
5,133,522
30,050
28
17,136,000
6 765%
0
2025
5,102,619
517,250
84
-
69,572,160
7150%
0
2026
4,187,099
1,488,721
84
4,174,330
127,231,373
7150%
1,225,224
2027
709,587
1,479,760
71
-
172,217,253
7150%
4,974,409
2028
(0)
1 214,259
12
10 333 035
190,334,058
7 150%
9,097,043
2029
(0)
205,780
-
-
190,334,058
7150%
12,313,534
2030
(0)
(0)
-
11,420,043
201 754 102
7150%
13,608,885
2031
(0)
(0)
-
-
201,754,102
7 150%
13,608 885
2032
(0)
(0)
-
12,105,246
213,859,348
7 150%
14,425 418
2033
(0)
(0)
-
213,859,348
7150%
14,425,418
2034
(0)
(0)
12 831,561
226,690,909
7 150%
15 290,943
2035
(0)
(0)
-
226,690,909
7 150%
15,290 943
2036
(0)
(0)
13,601,455
240,292,363
7 150%
16,208 400
2037
(0)
(0)
-
240,292,363
7150%
16,208,400
2038
(0)
(0)
14,417,542
254,709,905
7150%
17,180,904
2039
(0)
(0)
-
254,709,905
7150%
17,180,904
2040
(0)
(0)
15,282,594
269,992,499
7150%
18,211,758
2041
(0)
(0)
-
269,992,499
7150%
18,211,758
2042
(0)
(0)
16199,550
286,192,049
7150%
19,304,464
2043
(0)
(0)
-
286,192,049
7 150%
19 304,464
2044
(0)
(0)
17,171,523
303,363,572
7150%
20,462,732
2045
(0)
(0)
-
303,363,572
7150%
20,462,732
2046
(0)
(0)
18201,814
321,565,387
7150%
21,690,495
2047
(0)
(0)
-
321,565,387
7 150%
21 690 495
2048
(0)
(0)
19,293,923
340,859310
7150%
22,991,925
2049
(0)
(0)
-
340,859 310
7 150%
22,991,925
2050
(0)
(0)
20,451,559
361,310,868
7150%
24,371 441
2051
(0)
(0)
-
361 310 868
7 150%
24,371,441
2052
(0)
(0)
21,678,652
382,989,520
7150%
25,833,727
2053
(0)
(0)
-
382,989,520
7150%
25,833,727
2054
(0)
(0)
22,979,371
405,968 892
7 150%
27,383,751
2055
(0)
(0)
-
405,968,892
7150%
27,383,751
2056
(0)
(0)
24 358,134
430,327,025
7 150%
29,026,776
2057
(0)
(0)
-
430 327,025
7 150%
29,026,776
2058
(0)
(0)
25,819,622
456,146,647
7150%
30,768,382
2059
(0)
(0)
-
456,146,647
7150%
30,768,382
2060
(0)
(0)
27,368,799
483,515,445
7150%
32,614,485
2061
(0)
(0)
-
483,515 445
7 150%
32,614,485
2062
(0)
(0)
29,010,927
512,526 372
7 150%
34,571 354
2063
(0)
(0)
-
512,526,372
7150%
34,571,354
Total
279
336,699 679
In year prior to construction as 10% build -out market value
D Klteley Ranch MD Service Plan 05 10 23 .I. #1 AV
5/10/2023
3
PIPER I SANDLER
Ktteley Ranch Metropolitan District
Assessed Value
State Assessed
Cumulative Statutory Assessed Value in
Actual Value Collection Year
2 Year Lag
29 00%
Od & Gas Equipment
Cumulative Statutory Assessed Value in
Actual Value Collection Year
2 Year Lag
29 00%
Oil & Gas Production
Cumulative Statutory Assessed Value in
Actual Value Collection Year
2 Year Lag
87 50%
Total -
Assessed Value in
,' Collection Year -,
- '2 Year Lag
2023
707,552
205,190
1,832,628
565,750
2,465,157
5,899,410
, `a 6,700,400`
2024
2025
707,552
707,552
205,190
205,190
1,773,511
1,714,394
548,606
531,462
1,655,858
1,224,155
3,971,263
2,157,012
;4,755,109
3,410,915
2026
707,552
205,190
1,655,277
514,318
960 782
1,448,876
,,,4,882,329
2027
707,552
205,190
1,596,160
497,174
784,676
1,071,135
„ •'8,227,669
2028
707,552
205,190
1,537,043
480,030
663,436
840,684
' ` 11,837,207
2029
2030
707,552
707,552
205,190
205,190
1,477,926
1,418,809
462,886
445,742
573,265
503,096
686,591
580 506
' .,13,873,982
,,, '' 14,840,324,
2031
707,552
205,190
1,359,692
428,598
445,648
501,607
-1 14,744,280
2032
2033
707 552
707,552
205,190
205,190
1 300,575
1,241 458
411 455
394,311
401,714
366,262
440,209
389,942
', 15,482,272
v,, 15,414,861
2034
2035
707,552
707 552
205 190
205,190
1,182 341
1,123,224
377,167
360,023
333,551
304,746
351 500
320,480
16,224,800
_ 16,176,636
2036
707,552
205 190
1 064,107
342 879
278 152
291,857
1 17,048,326.
2037
707,552
205,190
1,004,990
325,735
253 420
266 652
'17;005,9771
2038
707,552
205,190
945,873
308,591
230,419
243,383
, 17,938,068
2039
707,552
205,190
886,755
291,447
209,028
221,742
X17,899,283
2040
707,552
205,190
827,638
274,303
189 135
201,617
_ 18,89,868
2041
2042
707,552
707,552
205,190
205,190
768,521
709,404
257 159
240,015
170,634
153,428
182,900
165,493
` -18 857,007
19,915,162
2043
707,552
205,190
650,287
222,871
137,427
149,305
, 19,881,830
2044
707,552
205,190
591,170
205,727
122,546
134,250
- '_ 21,007,899
2045
707,552
205,190
532,053
188,583
108,706
120,249
20,976,753
2046
707,552
205,190
472,936
171,439
95,835
107,227
22,174,352
2047
2048
707,552
707,552
205,190
205,190
413,819
354,702
154,295
137 152
83,865
72 733
95 118
83,856
, 22,145,099,
_ -.'-"' 23,418;122
2049
707,552
205,190
295,585
120,008
62 381
73,382
23,390,505
2050
707,552
205,190
236 468
102,864
52,753
63,642
`24,743,136
2051
707,552
205 190
177,351
85,720
43,798
54,583
t r 24,716,933
2052
707,552
205,190
118,234
68,576
35 471
46,158
26,153,651
2053
707 552
205,190
59,117
51 432
27 727
38,324
26 128,673
2054
707,552
205,190
0
34,288
7,616
31,037
27,654;266
2055
707,552
205,190
0
17,144
0
24,261
27,630,346
2056
707,552
205,190
0
0
0
6,664
29,238,630
2057
707,552
205,190
0
0
0
0
29,231,966
2058
707,552
205,190
0
0
0
0
30,973,572
2059
707,552
205,190
0
0
0
0
30,973,572
2060
707,552
205 190
0
0
0
0
'32,819,675'
2061
707,552
205,190
0
0
0
0
`' 32,819,675'
2062
707 552
205,190
0
0
0
0
34,776,544
2063
707,552
205,190
0
0
0
0
34776,544
Total
acan
D Kiteley Ranch MD Service Plan 05 10 23 xlsx k1 AV 5/10/2023
4
PIPER I SANDLER
Kiteley Ranch Metropolitan District
Revenue
Total
Assessed Value in
Collection Year
Dtstnct Mill Levy Revenue
Debt Mill Levy Specific Ownership
Debt Mill Levy Collections Taxes
57 266 Cap 99 50% 6 00%
57 266 Target
Units Delivered
SFD
Fee Revenue
Facility Fee per Unit
$5 000
Inflated at 0 00%
Fees Collected
Expense
County Treasurer
Fee Annual Trustee Fee
1 50%
„ Total
Revenue Available
for Debt Service
2023
6,700 400
0 000
0
0
0
0
0
0
0
2024
4,755,109
50 000
236,567
14,194
28
5 000
140,000
(3,549)
(4 000)
`- 383,212
2025
3,410,915
50 000
169,693
10,182
84
5 000
420 000
(2,545)
(4,000)
' 593,329
2026
4,882 329
51 421
249,801
14 988
84
5,000
420,000
(3 747)
(4 000)
677,042
2027
8,227,669
53 425
437 362
26 242
71
5,000
355,000
(6,560)
(4 000)
808,044
2028
11 837,207
54 353
640 172
38,410
12
5 000
60 000
(9 603)
(4,000)
'724,980
2029
13 873 982
55 027
759 630
45,578
-
0
0
(11,394)
(4,000)
789,813
2030
14,840,324
55 194
815,006
48 900
-
0
0
(12,225)
(4 000)
' 847 681
2031
14,744,280
55 228
810 228
48 614
0
0
(12 153)
(4,000)
842,688
2032
15 482 272
55 278
851,545
51 093
-
0
0
(12,773)
(4,000)
885,864
2033
15 414 861
55 301
848,191
50,891
-
0
0
(12,723)
(4,000)
882(360
2034
16 224 800
55 338
893,364
53,602
-
0
0
(13 400)
(4 000)
929,565
2035
16 176 636
55 354
890,968
53,458
0
0
(13 365)
(4,000)
927,061
2036
17 048 326
55 385
939,505
56,370
0
0
(14,093)
(4,000)
977,783
2037
17,005,977
55 399
937 398
56 244
0
0
(14,061)
(4,000)
975,581
2038
17,938,068
55 425
989,251
59,355
0
0
(14 839)
(4,000)
1,029,767
2039
17,899,283
55 437
987,321
59,239
0
0
(14,810)
(4,000)
r 1,027,751
2040
18,892,868
55460
1,042,562
62,554
0
0
(15,638)
(4,000)
, 1,085,477
2041
2042
18 857 007
19,915,162
55 471
55 491
1,040,778
1,099 580
62 447
65,975
0
0
0
0
(15,612)
(16 494)
(4,000)
(4,000)
1,083,613,
1 145,061
2043
19,881,830
55 500
1 097 921
65,875
0
0
(16 469)
(4,000)
, ' 1,143,328
2044
21,007,899
55 517
1,160,471
69 628
0
0
(17,407)
(4 000)
1,208,692
2045
20 976 753
55 526
1,158,922
69 535
0
0
(17,384)
(4,000)
, 1,207,073
2046
22,174,352
55541
1,225,422
73525
0
0
(18,381)
(4,000)
1,276,566
2047
22,145,099
55 548
1 223 967
73,438
0
0
(18,359)
(4,000)
1,275,045
2048
23,418,122
55 561
1,294,634
77 678
0
0
(19 420)
(4,000)
1,348,893
2049
23 390,505
55 568
1 293,260
77 596
0
0
(19 399)
(4,000)
1 347,457
2050
24,743 136
55 579
1,368,329
82,100
0
0
(20,525)
(4 000)
1,425,904
2051
24,716 933
55 585
1,367,025
82 022
0
0
(20 505)
(4,000)
1,424,541
2052
26,153,651
55595
1 446 743
86,805
0
0
(21,701)
(4,000)
1,507,847
2053
26128,673
55600
1,445501
86,730
0
0
(21,683)
(4000)
- - 1,506,548
2054
27 654 266
55 609
1,530,135
91 808
0
0
(22 952)
(4,000)
' ;1,594,991
2055
27 630 346
55 614
1,528,945
91,737
0
0
(22 934)
(4,000)
1,593,747
2056
2057
29,238,630
29,231,966
55 623
55 625
1 618 217
1 617 886
97 093
97 073
0
0
0
0
(24 273)
(24 268)
(4,000)
(4,000)
1,687,037,
= 1,686,690
2058
30 973 572
55 627
1,714 346
102,861
0
0
(25,715)
(4,000)
_ '1,787,492
2059
30 973 572
55 627
1,714,346
102,861
0
0
(25,715)
(4,000)
,, , 1,787,492
2060
32 819 675
55 629
1 816 595
108,996
0
0
(27 249)
(4,000)
1,894 341
2061
32 819 675
55 629
1,816 595
108 996
0
0
(27,249)
(4,000)
, 1,894,341
2062
34,776,544
55 631
1 924,978
115,499
0
0
(28,875)
(4 000)
2,007,602
2063
34,776,544
55 631
1,924,978
115,499
0
0
(28 875)
(4,000)
2,007,602
Total
45 928 136
2,755 688
279
1
395,000
(688,922)
(160 000)
, 49,229,902
D Kteley Ranch MD SeMce Plan 05 10 23 As. #1 Rev
5/10/2023
PIPER'SANDLER
Kiteley Ranch Metropolitan District
Debt Service
Total
Revenue Available
for Debt Service
- - Net Debt Service
Series 2023 Series 2033
Total '
Annual Surplus
Surplus Fund
Funds on Hand Cumulative
Used as a Source Balance'
$4,153 500
Released Revenue
Ratio Analysis
Debt Service Senior Debt to
Coverage Assessed Value
Dated 6/1/2023 Dated 12/1/2033
Par $15,175,000 Par $26,360,000
Pro, $11 044,250 Pro,' $14 757 200
2023
0
0
0
0
0
0
n/a
319%
2024
383,212
0
O
383,212
383,212
0
n/a
445%
2025
593,329
0'
r
��' 0
593,329
976,541
0
n/a
311%
2026
2027
677,042
808,044
379,375
758,750
379 375
758,750
297,667
49 294
1,274 209
1 323 502
0
0
178%
106%
184%
128%
2028
2029
724,980
789,813
756,750 `
x„`, 788,750 -
° r
758,750
788;750
(33,770)
1,063
1,289,732
1,290,795
0
0
96%
100%
109%
102%
2030
847,681
847,250
847,250
431
1,291,227
0
100%
102%
2031
842,688
837,750
837,750
4,938
1,296,165
0
101%
97%
2032
2033
885,864
882,360
883,500 -
'881,750 -.
0
883,500
881,750
2,364
610
1,299,000
1,298,529
0
0
139
100%
100%
96%
253%
2034
929,565
Refunded
925,800
925,600
3,765
0
3,765
100%
252%
2035
927,061
, 926,750
926,750
311
0
311
100%
237%
2036
2037
977,783
975,581
f
977,550
971,700
- 977,550
971;700
233
3,881
0
0
233
3,881
100%
100%
235%
220%
2038
1,029,767
1'025,850
1,025,850
3,917
0
3,917
100%
217%
2039
1,027,751
=
1,023,200
'' 1,023,200
4,551
0
4,551
100%
203%
2040
1,085,477
1,085,400
1,085,400
77
0
77
100%
199%
2041
1,083,613
z -
1,080,500
1,080,500
3,113
0
3,113
100%
184%
2042
1 145 061
1,140,450
1,140,450
4,611
0
4,611
100%
180%
2043
1,143,328
1,143,300
- 1,-143,300
28
0
28
100%
166%
2044
1208,692
r
1,205,700
1,205,700
2,992
0
2,992
100%
160%
2045
1,207,073
1,205,850
, 1,205,850
1,223
0
1,223
100%
146%
2046
1,276,566
1,275,550
1,275,550
1,016
0
1,016
100%
140%
2047
1,275 045
1,272,700
1,272,700
2,345
0
2,345
100%
127%
2048
1,348,893
1,344,400
, 1,344,400
4,493
0
4,493
100%
120%
2049
1,347,457
, 1,343,400
i 1,343,400
4,057
0
4,057
100%
106%
2050
2051
1,425,904
1424,541
1,421,800
1,422,200
1,421,800
1,422,200
4,104
2,341
0
0
4,104
2,341
100%
100%
99%
86%
2052
1,507,847
1,506,850
1,506,850
997
0
997
100%
77%
2053
1,506,548
1,503,200
1,503,200
3,348
0
3,348
100%
60%
2054
1,594,991
1,593,800
s 1,593,800
1,191
0
1,191
100%
56%
2055
1 593 747
1,590,800
1,590,800
2,947
0
2,947
100%
49%
2056
1,687,037
1,686,900
1,686,900
137
0
137
100%
44%
2057
1,686,690
1,684,100
1,684,100
2,590
0
2 590
100%
38%
2058
1,787,492
1,785,250
1;785,250
2,242
0
2,242
100°i6
33%
2059
1,787,492
1,787,200
1,787 200
292
0
292
100%
27%
2060
1,894,341
1;892,800
- 1,892,800
1,541
0
1,541
100%
22%
2061
1 894,341
'
, 1,893,900
- '1,893,,900
441
0
441
100%
16%
2062
2,007,602
2;003,500
2,003;500
4,102
0
4,102
100%
10%
2063
2,007,602
2,006,300
2,006,300
1,302
0
1,302
100%
0%
Total
49,229,902
6,135,875
41,726,700
, , 47,862,575
1,367,327
1,299,000
68,327
D K teley Ranch MD Semce Plan 05 10 23 xis. CI Debt 5/10/2023
6
SOURCES AND USES OF FUNDS
KITELEY RANCH METROPOLITAN DISTRICT
Weld County, Colorado
GENERAL OBLIGATION BONDS, SERIES 2023
Service Plan
Dated Date 06/01/2023
Delivery Date 06/01/2023
Sources
Bond Proceeds
Par Amount 15,175,000 00
15,175,000 00
Uses
Project Fund Deposits
Project Fund 11,044,250 00
Other Fund Deposits
Capitalized Interest Fund
Debt Service Reserve Fund
Cost of Issuance
Other Cost of Issuance
Delivery Date Expenses
Underwriter's Discount
2,276,250 00
1,301,000 00
3,577,250 00
250,000 00
303,500 00
15,175,000 00
May 10, 2023 3 49 pm Prepared by Piper Sandler Special Distract Group (Finance 8 901 Kiteley Ranch MD D_51023 -23A1
7
BOND SUMMARY STATISTICS
KITELEY RANCH METROPOLITAN DISTRICT
Weld County, Colorado
GENERAL OBLIGATION BONDS, SERIES 2023
Service Plan
Dated Date
Delivery Date
Last Maturity
Arbitrage Yield
True Interest Cost (TIC)
Net Interest Cost (NIC)
All -In TIC
Average Coupon
Average Life (years)
Duration of Issue (years)
Par Amount
Bond Proceeds
Total Interest
Net Interest
Total Debt Service
Maximum Annual Debt Service
Average Annual Debt Service
Underwriter's Fees (per $1000)
Average Takedown
Other Fee
06/01/2023
06/01/2023
12/01/2053
5.000000%
5.148563%
5.082740%
5.274295%
5.000000%
24.172
13.885
15,175,000.00
15,175,000.00
18,340,625.00
18, 644,125.00
33,515,625.00
2,803,500.00
1,098,872.95
20.000000
Total Underwriter's Discount 20.000000
Bid Price 98.000000
Bond Component
Par Average Average
Value Price Coupon Life
Term Bond Due 2053
15,175,000.00 100.000 5.000% 24.172
15,175,000.00 24.172
Par Value
+ Accrued Interest
+ Premium (Discount)
- Underwriter's Discount
- Cost of Issuance Expense
- Other Amounts
Target Value
Target Date
Yield
All -In Arbitrage
TIC TIC Yield
15,175,000.00 15,175,000.00 15,175,000.00
(303,500.00)
(303,500.00)
(250,000.00)
14,871,500.00 14,621,500.00 15,175,000.00
06/01/2023 06/01/2023 06/01/2023
5.148563% 5.274295% 5.000000%
May 10, 2023 3:49 pm Prepared by Piper Sandler Special District Group (Finance 8.901 Kiteley Ranch MD:D_51023-23A)
8
BOND PRICING
KITELEY RANCH METROPOLITAN DISTRICT
Weld County, Colorado
GENERAL OBLIGATION BONDS, SERIES 2023
Service Plan
Maturity
Bond Component Date Amount Rate Yield Price
Term Bond Due 2053:
12/01/2023 5.000% 5.000% 100.000
12/01/2024 5.000% 5.000% 100.000
12/01/2025 5.000% 5.000% 100.000
12/01/2026 5.000% 5.000% 100.000
12/01/2027 5.000% 5.000% 100.000
12/01/2028 5.000% 5.000% 100.000
12/01/2029 30,000 5.000% 5.000% 100.000
12/01/2030 90,000 5.000% 5.000% 100.000
12/01/2031 85,000 5.000% 5.000% 100.000
12/01/2032 135,000 5.000% 5.000% 100.000
12/01/2033 140,000 5.000% 5.000% 100.000
12/01/2034 190,000 5.000% 5.000% 100.000
12/01/2035 200,000 5.000% 5.000% 100.000
12/01/2036 260,000 5.000% 5.000% 100.000
12/01/2037 270,000 5.000% 5.000% 100.000
12/01/2038 340,000 5.000% 5.000% 100.000
12/01/2039 355,000 5.000% 5.000% 100.000
12/01/2040 430,000 5.000% 5.000% 100.000
12/01/2041 450,000 5.000% 5.000% 100.000
12/01/2042 530,000 5.000% 5.000% 100.000
12/01/2043 555,000 5.000% 5.000% 100.000
12/01/2044 650,000 5.000% 5.000% 100.000
12/01/2045 680,000 5.000% 5.000% 100.000
12/01/2046 785,000 5.000% 5.000% 100.000
12/01/2047 825,000 5.000% 5.000% 100.000
12/01/2048 940,000 5.000% 5.000% 100.000
12/01/2049 985,000 5.000% 5.000% 100.000
12/01/2050 1,110,000 5.000% 5.000% 100.000
12/01/2051 1,165,000 5.000% 5.000% 100.000
12/01/2052 1,305,000 5.000% 5.000% 100.000
12/01/2053 2,670,000 5.000% 5.000% 100.000
15,175,000
Dated Date
Delivery Date
First Coupon
06/01/2023
06/01/2023
12/01/2023
Par Amount 15,175,000.00
Original Issue Discount
Production 15,175,000.00 100.000000%
Underwriter's Discount (303,500.00) (2.000000%)
Purchase Price 14,871,500.00 98.000000%
Accrued Interest
Net Proceeds 14,871,500.00
May 10, 2023 3:49 pm Prepared by Piper Sandler Special District Group (Finance 8.901 Kiteley Ranch MD:D_51023-23A)
NET DEBT SERVICE
KITELEY RANCH METROPOLITAN DISTRICT
Weld County, Colorado
GENERAL OBLIGATION BONDS, SERIES 2023
Service Plan
Capitalized
Period Total Interest Debt Service Net
Ending Principal Coupon Interest Debt Service Fund Reserve Fund Debt Service
12/01/2023 379,375 379,375 379,375
12/01/2024 758,750 758,750 758,750
12/01/2025 758,750 758,750 758,750
12/01/2026 758,750 758,750 379,375
12/01/2027 758,750 758,750
12/01/2028 758,750 758,750
12/01/2029 30,000 5.000% 758,750 788,750
12/01/2030 90,000 5.000% 757,250 847,250
12/01/2031 85,000 5.000% 752,750 837,750
12/01/2032 135,000 5.000% 748,500 883,500
12/01/2033 140,000 5.000% 741,750 881,750
12/01/2034 190,000 5.000% 734,750 924,750
12/01/2035 200,000 5.000% 725,250 925,250
12/01/2036 260,000 5.000% 715,250 975,250
12/01/2037 270,000 5.000% 702,250 972,250
12/01/2038 340,000 5.000% 688,750 1,028,750
12/01/2039 355,000 5.000% 671,750 1,026,750
12/01/2040 430,000 5.000% 654,000 1,084,000
12/01/2041 450,000 5.000% 632,500 1,082,500
12/01/2042 530,000 5.000% 610,000 1,140,000
12/01/2043 555,000 5.000% 583,500 1,138,500
12/01/2044 650,000 5.000% 555,750 1,205,750
12/01/2045 680,000 5.000% 523,250 1,203,250
12/01/2046 785,000 5.000% 489,250 1,274,250
12/01/2047 825,000 5.000% 450,000 1,275,000
12/01/2048 940,000 5.000% 408,750 1,348,750
12/01/2049 985,000 5.000% 361,750 1,346,750
12/01/2050 1,110,000 5.000% 312,500 1,422,500
12/01/2051 1,165,000 5.000% 257,000 1,422,000
12/01/2052 1,305,000 5.000% 198,750 1,503,750
12/01/2053 2,670,000 5.000% 133,500 2,803,500
379,375
758,750
758,750
788,750
847,250
837,750
883,500
881,750
924,750
925,250
975,250
972,250
1,028,750
1,026,750
1,084,000
1,082,500
1,140,000
1,138,500
1,205,750
1,203,250
1,274,250
1,275,000
1,348,750
1,346,750
1,422,500
1,422,000
1,503,750
1,301,000 1,502,500
15,175,000 18,340,625 33,515,625 2,276,250 1,301,000 29,938,375
May 10, 2023 3:49 pm Prepared by Piper Sandler Special District Group (Finance 8.901 Kiteley Ranch MD:D_51023-23A)
10
BOND DEBT SERVICE
KITELEY RANCH METROPOLITAN DISTRICT
Weld County, Colorado
GENERAL OBLIGATION BONDS, SERIES 2023
Service Plan
Annual
Period Debt Debt
Ending Principal Coupon Interest Service Service
12/01/2023 379,375 379,375 379,375
06/01/2024 379,375 379,375
12/01/2024 379,375 379,375 758,750
06/01/2025 379,375 379,375
12/01/2025 379,375 379,375 758,750
06/01/2026 379,375 379,375
12/01/2026 379,375 379,375 758,750
06/01/2027 379,375 379,375
12/01/2027 379,375 379,375 758,750
06/01/2028 379,375 379,375
12/01/2028 379,375 379,375 758,750
06/01/2029 379,375 379,375
12/01/2029 30,000 5.000% 379,375 409,375 788,750
06/01/2030 378,625 378,625
12/01/2030 90,000 5.000% 378,625 468,625 847,250
06/01/2031 376,375 376,375
12/01/2031 85,000 5.000% 376,375 461,375 837,750
06/01/2032 374,250 374,250
12/01/2032 135,000 5.000% 374,250 509,250 883,500
06/01/2033 370,875 370,875
12/01/2033 140,000 5.000% 370,875 510,875 881,750
06/01/2034 367,375 367,375
12/01/2034 190,000 5.000% 367,375 557,375 924,750
06/01/2035 362,625 362,625
12/01/2035 200,000 5.000% 362,625 562,625 925,250
06/01/2036 357,625 357,625
12/01/2036 260,000 5.000% 357,625 617,625 975,250
0/1/7 351,125 351,125
1/01/203037 270,000 5.000% 351,125 621,125 972,250
06/01/2038 344,375 344,375
12/01/2038 340,000 5.000% 344,375 684,375 1,028,750
06/01/2039 335,875 335,875
12/01/2039 355,000 5.000% 335,875 690,875 1,026,750
06/01/2040 327,000 327,000
12/01/2040 430,000 5.000% 327,000 757,000 1,084,000
06/01/2041 316,250 316,250
12/01/2041 450,000 5.000% 316,250 766,250 1,082,500
06/01/2042 305,000 305,000
12/01/2042 530,000 5.000% 305,000 835,000 1,140,000
06/01/2043 291,750 291,750
12/01/2043 555,000 5.000% 291,750 846,750 1,138,500
06/01/2044 277,875 277,875
12/01/2044 650,000 5.000% 277,875 927,875 1,205,750
06/01/2045 261,625 261,625
12/01/2045 680,000 5.000% 261,625 941,625 1,203,250
06/01/2046 244,625 244,625
12/01/2046 785,000 5.000% 244,625 1,029,625 1,274,250
06/01/2047 225,000 225,000
12/01/2047 825,000 5.000% 225,000 1,050,000 1,275,000
06/01/2048 204,375 204,375
12/01/2048 940,000 5.000% 204,375 1,144,375 1,348,750
06/01/2049 180,875 180,875
12/01/2049 985,000 5.000% 180,875 1,165,875 1,346,750
06/01/2050 156,250 156,250
12/01/2050 1,110,000 5.000% 156,250 1,266,250 1,422,500
06/01/2051 128,500 128,500
12/01/2051 1,165,000 5.000% 128,500 1,293,500 1,422,000
06/01/2052 99,375 99,375
12/01/2052 1,305,000 5.000% 99,375 1,404,375 1,503,750
06/01/2053 66,750 66,750
12/01/2053 2,670,000 5.000% 66,750 2,736,750 2,803,500
15,175,000 18,340,625 33,515,625 33,515,625
May 10, 2023 3:49 pm Prepared by Piper Sandler Special District Group (Finance 8.901 Kiteley Ranch MD:D_51023-23A)
11
CALL PROVISIONS
KITELEY RANCH METROPOLITAN DISTRICT
Weld County, Colorado
GENERAL OBLIGATION BONDS, SERIES 2023
Service Plan
Call Table: CALL
Call Date Call Price
06/01/2028 103.00
06/01/2029 102.00
06/01/2030 101.00
06/01/2031 100.00
May 10, 2023 3:49 pm Prepared by Piper Sandler Special District Group (Finance 8.901 Kiteley Ranch MD:D_51023-23A)
12
BOND SOLUTION
KITELEY RANCH METROPOLITAN DISTRICT
Weld County, Colorado
GENERAL OBLIGATION BONDS, SERIES 2023
Service Plan
Period Proposed Proposed Debt Service Total Adj Revenue Unused Debt Service
Ending Principal Debt Service Adjustments Debt Service Constraints Revenues Coverage
12/01/2023 379,375 (379,375)
12/01/2024 758,750 (758,750) 383,212 383,212
12/01/2025 758,750 (758,750) 593,329 593,329
12/01/2026 758,750 (379,375) 379,375 677,042 297,667 178.46%
12/01/2027 758,750 758,750 808,044 49,294 106.50%
12/01/2028 758,750 758,750 724,980 (33,770) 95.55%
12/01/2029 30,000 788,750 788,750 789,813 1,063 100.13%
12/01/2030 90,000 847,250 847,250 847,681 431 100.05%
12/01/2031 85,000 837,750 837,750 842,688 4,938 100.59%
12/01/2032 135,000 883,500 883,500 885,864 2,364 100.27%
12/01/2033 140,000 881,750 881,750 882,360 610 100.07%
12/01/2034 190,000 924,750 924,750 929,565 4,815 100.52%
12/01/2035 200,000 925,250 925,250 927,061 1,811 100.20%
12/01/2036 260,000 975,250 975,250 977,783 2,533 100.26%
12/01/2037 270,000 972,250 972,250 975,581 3,331 100.34%
12/01/2038 340,000 1,028,750 1,028,750 1,029,767 1,017 100.10%
12/01/2039 355,000 1,026,750 1,026,750 1,027,751 1,001 100.10%
12/01/2040 430,000 1,084,000 1,084,000 1,085,477 1,477 100.14%
12/01/2041 450,000 1,082,500 1,082,500 1,083,613 1,113 100.10%
12/01/2042 530,000 1,140,000 1,140,000 1,145,061 5,061 100.44%
12/01/2043 555,000 1,138,500 1,138,500 1,143,328 4,828 100.42%
12/01/2044 650,000 1,205,750 1,205,750 1,208,692 2,942 100.24%
12/01/2045 680,000 1,203,250 1,203,250 1,207,073 3,823 100.32%
12/01/2046 785,000 1,274,250 1,274,250 1,276,566 2,316 100.18%
12/01/2047 825,000 1,275,000 1,275,000 1,275,045 45 100.00%
12/01/2048 940,000 1,348,750 1,348,750 1,348,893 143 100.01%
12/01/2049 985,000 1,346,750 1,346,750 1,347,457 707 100.05%
12/01/2050 1,110,000 1,422,500 1,422,500 1,425,904 3,404 100.24%
12/01/2051 1,165,000 1,422,000 1,422,000 1,424,541 2,541 100.18%
12/01/2052 1,305,000 1,503,750 1,503,750 1,507,847 4,097 100.27%
12/01/2053 2,670,000 2,803,500 (1,301,000) 1,502,500 1,506,548 4,048 100.27%
15,175,000 33,515,625 (3,577,250) 29,938,375 31,288,567 1,350,192
May 10, 2023 3:49 pm Prepared by Piper Sandler Special District Group (Finance 8.901 Kiteley Ranch MD:D_51023-23A)
13
SOURCES AND USES OF FUNDS
KITELEY RANCH METROPOLITAN DISTRICT
Weld County, Colorado
GENERAL OBLIGATION REFUNDING & IMPROVEMENT BONDS, SERIES 2033
Service Plan
Dated Date 12/01/2033
Delivery Date 12/01/2033
Sources:
Bond Proceeds:
Par Amount
Other Sources of Funds:
Series 2022 Reserve Fund
Series 2023 Surplus Fund
26,360,000.00
1,301,000.00
1,250,000.00
2,551,000.00
28,911,000.00
Uses:
Project Fund Deposits:
Project Fund
Refunding Escrow Deposits:
Cash Deposit
Other Fund Deposits:
Debt Service Reserve Fund
Cost of Issuance:
Other Cost of Issuance
Delivery Date Expenses:
Underwriter's Discount
14,757,200.00
12,110,000.00
1, 712, 000.00
200,000.00
131,800.00
28,911,000.00
May 10, 2023 3:51 pm Prepared by Piper Sandler Special District Group (Finance 8.901 Kiteley Ranch MD:D_51023-33R23,33R23)
14
BOND SUMMARY STATISTICS
KITELEY RANCH METROPOLITAN DISTRICT
Weld County, Colorado
GENERAL OBLIGATION REFUNDING & IMPROVEMENT BONDS, SERIES 2033
Service Plan
Dated Date
Delivery Date
Last Maturity
Arbitrage Yield
True Interest Cost (TIC)
Net Interest Cost (NIC)
All -In TIC
Average Coupon
Average Life (years)
Duration of Issue (years)
Par Amount
Bond Proceeds
Total Interest
Net Interest
Total Debt Service
Maximum Annual Debt Service
Average Annual Debt Service
Underwriter's Fees (per $1000)
Average Takedown
Other Fee
Total Underwriter's Discount
Bid Price
Bond Component
12/01/2033
12/01/2033
12/01/2063
3.000000%
3.032660%
3.023152%
3.082650%
3.000000%
21.597
15.566
26,360,000.00
26,360,000.00
17,078,700.00
17,210,500.00
43,438,700.00
3,718,300.00
1,447,956.67
5.000000
5.000000
99.500000
Par Average Average
Value Price Coupon Life
Term Bond due 2063
26,360,000.00 100.000 3.000% 21.597
26,360,000.00 21.597
Par Value
+ Accrued Interest
+ Premium (Discount)
- Underwriter's Discount
- Cost of Issuance Expense
- Other Amounts
Target Value
Target Date
Yield
All -In Arbitrage
TIC TIC Yield
26,360,000.00 26,360,000.00 26,360,000.00
(131,800.00) (131,800.00)
(200,000.00)
26,228,200.00 26,028,200.00 26,360,000.00
12/01/2033 12/01/2033 12/01/2033
3.032660% 3.082650% 3.000000%
May 10, 2023 3:51 pm Prepared by Piper Sandler Special District Group (Finance 8.901 Kiteley Ranch MD:D_51023-33023,33023)
15
BOND PRICING
KITELEY RANCH METROPOLITAN DISTRICT
Weld County, Colorado
GENERAL OBLIGATION REFUNDING & IMPROVEMENT BONDS, SERIES 2033
Service Plan
Maturity
Bond Component Date Amount Rate Yield Price
Term Bond due 2063:
12/01/2034 135,000 3.000% 3.000% 100.000
12/01/2035 140,000 3.000% 3.000% 100.000
12/01/2036 195,000 3.000% 3.000% 100.000
12/01/2037 195,000 3.000% 3.000% 100.000
12/01/2038 255,000 3.000% 3.000% 100.000
12/01/2039 260,000 3.000% 3.000% 100.000
12/01/2040 330,000 3.000% 3.000% 100.000
12/01/2041 335,000 3.000% 3.000% 100.000
12/01/2042 405,000 3.000% 3.000% 100.000
12/01/2043 420,000 3.000% 3.000% 100.000
12/01/2044 495,000 3.000% 3.000% 100.000
12/01/2045 510,000 3.000% 3.000% 100.000
12/01/2046 595,000 3.000% 3.000% 100.000
12/01/2047 610,000 3.000% 3.000% 100.000
12/01/2048 700,000 3.000% 3.000% 100.000
12/01/2049 720,000 3.000% 3.000% 100.000
12/01/2050 820,000 3.000% 3.000% 100.000
12/01/2051 845,000 3.000% 3.000% 100.000
12/01/2052 955,000 3.000% 3.000% 100.000
12/01/2053 980,000 3.000% 3.000% 100.000
12/01/2054 1,100,000 3.000% 3.000% 100.000
12/01/2055 1,130,000 3.000% 3.000% 100.000
12/01/2056 1,260,000 3.000% 3.000% 100.000
12/01/2057 1,295,000 3.000% 3.000% 100.000
12/01/2058 1,435,000 3.000% 3.000% 100.000
12/01/2059 1,480,000 3.000% 3.000% 100.000
12/01/2060 1,630,000 3.000% 3.000% 100.000
12/01/2061 1,680,000 3.000% 3.000% 100.000
12/01/2062 1,840,000 3.000% 3.000% 100.000
12/01/2063 3,610,000 3.000% 3.000% 100.000
26,360,000
Dated Date
Delivery Date
First Coupon
Par Amount
Original Issue Discount
Production
Underwriter's Discount
Purchase Price
Accrued Interest
12/01/2033
12/01/2033
06/01/2034
26,360,000.00
26,360,000.00 100.000000%
(131,800.00) (0.500000%)
26,228,200.00 99.500000%
Net Proceeds 26,228,200.00
May 10, 2023 3:51 pm Prepared by Piper Sandler Special District Group (Finance 8.901 Kiteley Ranch MD:D_51023-33023,33023)
16
NET DEBT SERVICE
KITELEY RANCH METROPOLITAN DISTRICT
Weld County, Colorado
GENERAL OBLIGATION REFUNDING & IMPROVEMENT BONDS, SERIES 2033
Service Plan
Period Total Debt Service Net
Ending Principal Coupon Interest Debt Service Reserve Fund Debt Service
12/01/2034 135,000 3.000% 790,800 925,800 925,800
12/01/2035 140,000 3.000% 786,750 926,750 926,750
12/01/2036 195,000 3.000% 782,550 977,550 977,550
12/01/2037 195,000 3.000% 776,700 971,700 971,700
12/01/2038 255,000 3.000% 770,850 1,025,850 1,025,850
12/01/2039 260,000 3.000% 763,200 1,023,200 1,023,200
12/01/2040 330,000 3.000% 755,400 1,085,400 1,085,400
12/01/2041 335,000 3.000% 745,500 1,080,500 1,080,500
12/01/2042 405,000 3.000% 735,450 1,140,450 1,140,450
12/01/2043 420,000 3.000% 723,300 1,143,300 1,143,300
12/01/2044 495,000 3.000% 710,700 1,205,700 1,205,700
12/01/2045 510,000 3.000% 695,850 1,205,850 1,205,850
12/01/2046 595,000 3.000% 680,550 1,275,550 1,275,550
12/01/2047 610,000 3.000% 662,700 1,272,700 1,272,700
12/01/2048 700,000 3.000% 644,400 1,344,400 1,344,400
12/01/2049 720,000 3.000% 623,400 1,343,400 1,343,400
12/01/2050 820,000 3.000% 601,800 1,421,800 1,421,800
12/01/2051 845,000 3.000% 577,200 1,422,200 1,422,200
12/01/2052 955,000 3.000% 551,850 1,506,850 1,506,850
12/01/2053 980,000 3.000% 523,200 1,503,200 1,503,200
12/01/2054 1,100,000 3.000% 493,800 1,593,800 1,593,800
12/01/2055 1,130,000 3.000% 460,800 1,590,800 1,590,800
12/01/2056 1,260,000 3.000% 426,900 1,686,900 1,686,900
12/01/2057 1,295,000 3.000% 389,100 1,684,100 1,684,100
12/01/2058 1,435,000 3.000% 350,250 1,785,250 1,785,250
12/01/2059 1,480,000 3.000% 307,200 1,787,200 1,787,200
12/01/2060 1,630,000 3.000% 262,800 1,892,800 1,892,800
12/01/2061 1,680,000 3.000% 213,900 1,893,900 1,893,900
12/01/2062 1,840,000 3.000% 163,500 2,003,500 2,003,500
12/01/2063 3,610,000 3.000% 108,300 3,718,300 1,712,000 2,006,300
26,360,000 17,078,700 43,438,700 1,712,000 41,726,700
May 10, 2023 3:51 pm Prepared by Piper Sandler Special District Group (Finance 8.901 Kiteley Ranch MD:D_51023-33923,33923)
17
BOND DEBT SERVICE
KITELEY RANCH METROPOLITAN DISTRICT
Weld County, Colorado
GENERAL OBLIGATION REFUNDING & IMPROVEMENT BONDS, SERIES 2033
Service Plan
Annual
Period Debt Debt
Ending Principal Coupon Interest Service Service
06/01/2034 395,400 395,400
12/01/2034 135,000 3.000% 395,400 530,400 925,800
06/01/2035 393,375 393,375
12/01/2035 140,000 3.000% 393,375 533,375 926,750
06/01/2036 391,275 391,275
12/01/2036 195,000 3.000% 391,275 586,275 977,550
06/01/2037 388,350 388,350
12/01/2037 195,000 3.000% 388,350 583,350 971,700
06/01/2038 385,425 385,425
12/01/2038 255,000 3.000% 385,425 640,425 1,025,850
06/01/2039 381,600 381,600
12/01/2039 260,000 3.000% 381,600 641,600 1,023,200
06/01/2040 377,700 377,700
12/01/2040 330,000 3.000% 377,700 707,700 1,085,400
06/01/2041 372,750 372,750
12/01/2041 335,000 3.000% 372,750 707,750 1,080,500
06/01/2042 367,725 367,725
12/01/2042 405,000 3.000% 367,725 772,725 1,140,450
06/01/2043 361,650 361,650
12/01/2043 420,000 3.000% 361,650 781,650 1,143,300
06/01/2044 355,350 355,350
12/01/2044 495,000 3.000% 355,350 850,350 1,205,700
06/01/2045 347,925 347,925
12/01/2045 510,000 3.000% 347,925 857,925 1,205,850
06/01/2046 340,275 340,275
12/01/2046 595,000 3.000% 340,275 935,275 1,275,550
06/01/2047 331,350 331,350
12/01/2047 610,000 3.000% 331,350 941,350 1,272,700
06/01/2048 322,200 322,200
12/01/2048 700,000 3.000% 322,200 1,022,200 1,344,400
06/01/2049 311,700 311,700
12/01/2049 720,000 3.000% 311,700 1,031,700 1,343,400
06/01/2050 300,900 300,900
12/01/2050 820,000 3.000% 300,900 1,120,900 1,421,800
06/01/2051 288,600 288,600
12/01/2051 845,000 3.000% 288,600 1,133,600 1,422,200
06/01/2052 275,925 275,925
12/01/2052 955,000 3.000% 275,925 1,230,925 1,506,850
06/01/2053 261,600 261,600
12/01/2053 980,000 3.000% 261,600 1,241,600 1,503,200
06/01/2054 246,900 246,900
12/01/2054 1,100,000 3.000% 246,900 1,346,900 1,593,800
06/01/2055 230,400 230,400
12/01/2055 1,130,000 3.000% 230,400 1,360,400 1,590,800
06/01/2056 213,450 213,450
12/01/2056 1,260,000 3.000% 213,450 1,473,450 1,686,900
06/01/2057 194,550 194,550
12/01/2057 1,295,000 3.000% 194,550 1,489,550 1,684,100
06/01/2058 175,125 175,125
12/01/2058 1,435,000 3.000% 175,125 1,610,125 1,785,250
06/01/2059 153,600 153,600
12/01/2059 1,480,000 3.000% 153,600 1,633,600 1,787,200
06/01/2060 131,400 131,400
12/01/2060 1,630,000 3.000% 131,400 1,761,400 1,892,800
06/01/2061 106,950 106,950
12/01/2061 1,680,000 3.000% 106,950 1,786,950 1,893,900
06/01/2062 81,750 81,750
12/01/2062 1,840,000 3.000% 81,750 1,921,750 2,003,500
06/01/2063 54,150 54,150
12/01/2063 3,610,000 3.000% 54,150 3,664,150 3,718,300
26,360,000 17,078,700 43,438,700 43,438,700
May 10, 2023 3:51 pm Prepared by Piper Sandler Special District Group (Finance 8.901 Kiteley Ranch MD:D_51023-33R23,33R23)
18
CALL PROVISIONS
KITELEY RANCH METROPOLITAN DISTRICT
Weld County, Colorado
GENERAL OBLIGATION REFUNDING & IMPROVEMENT BONDS, SERIES 2033
Service Plan
Call Table: CALL
Call Date Call Price
12/01/2043 103.00
12/01/2044 102.00
12/01/2045 101.00
12/01/2046 100.00
May 10, 2023 3:51 pm Prepared by Piper Sandler Special District Group (Finance 8.901 Kiteley Ranch MD:D_51023-33R23,33R23)
19
SUMMARY OF BONDS REFUNDED
KITELEY RANCH METROPOLITAN DISTRICT
Weld County, Colorado
GENERAL OBLIGATION REFUNDING & IMPROVEMENT BONDS, SERIES 2033
Service Plan
Bond
Maturity Interest Par Call
Date Rate Amount Date
Call
Price
Series 2023 - Service Plan, 23, TERM53:
12/01/2034 5.000% 165,000 12/01/2033 100.000
12/01/2035 5.000% 175,000 12/01/2033 100.000
12/01/2036 5.000% 230,000 12/01/2033 100.000
12/01/2037 5.000% 240,000 12/01/2033 100.000
12/01/2038 5.000% 300,000 12/01/2033 100.000
12/01/2039 5.000% 315,000 12/01/2033 100.000
12/01/2040 5.000% 385,000 12/01/2033 100.000
12/01/2041 5.000% 405,000 12/01/2033 100.000
12/01/2042 5.000% 480,000 12/01/2033 100.000
12/01/2043 5.000% 505,000 12/01/2033 100.000
12/01/2044 5.000% 590,000 12/01/2033 100.000
12/01/2045 5.000% 620,000 12/01/2033 100.000
12/01/2046 5.000% 710,000 12/01/2033 100.000
12/01/2047 5.000% 745,000 12/01/2033 100.000
12/01/2048 5.000% 850,000 12/01/2033 100.000
12/01/2049 5.000% 895,000 12/01/2033 100.000
12/01/2050 5.000% 1,010,000 12/01/2033 100.000
12/01/2051 5.000% 1,060,000 12/01/2033 100.000
12/01/2052 5.000% 1,185, 000 12/01/2033 100.000
12/01/2053 5.000% 1,245,000 12/01/2033 100.000
12,110,000
May 10, 2023 3:51 pm Prepared by Piper Sandler Special District Group (Finance 8.901 Kiteley Ranch MD:D_51023-33923,338231
20
ESCROW REQUIREMENTS
KITELEY RANCH METROPOLITAN DISTRICT
Weld County, Colorado
GENERAL OBLIGATION REFUNDING & IMPROVEMENT BONDS, SERIES 2033
Service Plan
Dated Date 12/01/2033
Delivery Date 12/01/2033
Period Principal
Ending Redeemed
Total
12/01/2033 12,110,000 12,110,000.00
12,110,000 12,110,000.00
May 10, 2023 3:51 pm Prepared by Piper Sandler Special District Group (Finance 8.901 Kiteley Ranch MD:D_51023-33R23,33R23)
21
BOND SOLUTION
KITELEY RANCH METROPOLITAN DISTRICT
Weld County, Colorado
GENERAL OBLIGATION REFUNDING & IMPROVEMENT BONDS, SERIES 2033
Service Plan
Period Proposed Proposed Debt Service Total Adj Revenue Unused Debt Service
Ending Principal Debt Service Adjustments Debt Service Constraints Revenues Coverage
12/01/2034 135,000 925,800 925,800 929,565 3,765 100.41%
12/01/2035 140,000 926,750 926,750 927,061 311 100.03%
12/01/2036 195,000 977,550 977,550 977,783 233 100.02%
12/01/2037 195,000 971,700 971,700 975,581 3,881 100.40%
12/01/2038 255,000 1,025,850 1,025,850 1,029,767 3,917 100.38%
12/01/2039 260,000 1,023,200 1,023,200 1,027,751 4,551 100.44%
12/01/2040 330,000 1,085,400 1,085,400 1,085,477 77 100.01%
12/01/2041 335,000 1,080,500 1,080,500 1,083,613 3,113 100.29%
12/01/2042 405,000 1,140,450 1,140,450 1,145,061 4,611 100.40%
12/01/2043 420,000 1,143,300 1,143,300 1,143,328 28 100.00%
12/01/2044 495,000 1,205,700 1,205,700 1,208,692 2,992 100.25%
12/01/2045 510,000 1,205,850 1,205,850 1,207,073 1,223 100.10%
12/01/2046 595,000 1,275,550 1,275,550 1,276,566 1,016 100.08%
12/01/2047 610,000 1,272,700 1,272,700 1,275,045 2,345 100.18%
12/01/2048 700,000 1,344,400 1,344,400 1,348,893 4,493 100.33%
12/01/2049 720,000 1,343,400 1,343,400 1,347,457 4,057 100.30%
12/01/2050 820,000 1,421,800 1,421,800 1,425,904 4,104 100.29%
12/01/2051 845,000 1,422,200 1,422,200 1,424,541 2,341 100.16%
12/01/2052 955,000 1,506,850 1,506,850 1,507,847 997 100.07%
12/01/2053 980,000 1,503,200 1,503,200 1,506,548 3,348 100.22%
12/01/2054 1,100,000 1,593,800 1,593,800 1,594,991 1,191 100.07%
12/01/2055 1,130,000 1,590,800 1,590,800 1,593,747 2,947 100.19%
12/01/2056 1,260,000 1,686,900 1,686,900 1,687,037 137 100.01%
12/01/2057 1,295,000 1,684,100 1,684,100 1,686,690 2,590 100.15%
12/01/2058 1,435,000 1,785,250 1,785,250 1,787,492 2,242 100.13%
12/01/2059 1,480,000 1,787,200 1,787,200 1,787,492 292 100.02%
12/01/2060 1,630,000 1,892,800 1,892,800 1,894,341 1,541 100.08%
12/01/2061 1,680,000 1,893,900 1,893,900 1,894,341 441 100.02%
12/01/2062 1,840,000 2,003,500 2,003,500 2,007,602 4,102 100.20%
12/01/2063 3,610,000 3,718,300 (1,712,000) 2,006,300 2,007,602 1,302 100.06%
26,360,000 43,438,700 (1,712,000) 41,726,700 41,794,888 68,188
May 10, 2023 3:51 pm Prepared by Piper Sandler Special District Group (Finance 8.901 Kiteley Ranch MD:D_51023-33R23,33R23)
22
EXHIBIT G
Ballot Questions
29
NO.
OFFICIAL BALLOT FOR KITELEY RANCH METROPOLITAN DISTRICT, COUNTY
OF WELD, STATE OF COLORADO
November 7, 2023
Date of Election
Facsimile of Signature of the Designated Election Official of the District
1. To vote, place a crossmark ("X") in the box to the right of the name of each candidate and
each ballot issue and ballot question.
2. After voting, fold the ballot so that your marks are concealed and place it in the secrecy
envelope. This will ensure the secrecy of your ballot.
3. Place the secrecy envelope containing the ballot in the return verification envelope.
Apply adequate postage or deliver by hand to the address printed below.
4. Complete the affirmation on the reverse of the return envelope. YOU MUST PROVIDE
YOUR SIGNATURE in order for your ballot to be counted.
"WARNING:
Any person who, by use of force or other means, unduly
influences an eligible elector to vote in any particular manner or to
refrain from voting, or who falsely makes, alters, forges, or
counterfeits any mail ballot before or after it has been cast, or who
destroys, defaces, mutilates, or tampers with a ballot is subject,
upon conviction, to imprisonment, or to a fine, or both."
CONTINUE ►
BALLOT ISSUE 6A (Operations and Maintenance Mill Levy — Ad Valorem Taxes)
SHALL KITELEY RANCH METROPOLITAN DISTRICT TAXES BE INCREASED
$5,000,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE
NECESSARY TO PAY THE DISTRICT'S OPERATIONS, COVENANT ENFORCEMENT,
DESIGN REVIEW, MAINTENANCE, AND OTHER EXPENSES: SUCH TAXES TO
CONSIST OF AN AD VALOREM MILL LEVY IMPOSED ON ALL TAXABLE PROPERTY
OF THE DISTRICT WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS
AS MAY BE DETERMINED BY THE DISTRICT BOARD OF DIRECTORS, AND IN
AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE
OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED FOR THE
PURPOSE OF PAYING THE DISTRICT'S OPERATIONS, COVENANT ENFORCEMENT,
DESIGN REVIEW, MAINTENANCE, AND OTHER EXPENSES; AND SHALL THE
PROCEEDS OF SUCH TAXES AND INVESTMENT INCOME THEREON BE COLLECTED
AND SPENT BY THE DISTRICT AS A VOTER -APPROVED REVENUE CHANGE IN 2023
AND IN EACH YEAR THEREAFTER, WITHOUT REGARD TO ANY SPENDING,
REVENUE -RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X,
SECTION 20 OF THE COLORADO CONSTITUTION, OR SECTION 29-1-301, COLORADO
REVISED STATUTES, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF
OTHER REVENUES THAT MAY BE COLLECTED AND SPENT BY THE DISTRICT?
YES:
NO:
BALLOT ISSUE 6B (Multiple Fiscal Year IGA Mill Levy Question)
SHALL KITELEY RANCH METROPOLITAN DISTRICT TAXES BE INCREASED
$5,000,000 ANNUALLY OR SUCH LESSER AMOUNT AS NECESSARY FOR THE
PAYMENT OF SUCH AMOUNTS DUE PURSUANT TO ONE OR MORE
INTERGOVERNMENTAL AGREEMENTS OR OTHER CONTRACTS, BY THE
IMPOSITION OF AD VALOREM PROPERTY TAXES LEVIED IN ANY YEAR, WITHOUT
LIMITATION AS TO RATE OR AMOUNT OR ANY OTHER CONDITION FOR THE
PAYMENT OF SUCH AMOUNTS DUE, OR WITH SUCH LIMITATIONS AS MAY BE
DETERMINED BY THE DISTRICT BOARD OF DIRECTORS, AND SHALL THE
PROCEEDS OF SUCH TAXES AND ANY INVESTMENT INCOME THEREON BE
COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2020 AND
IN EACH FISCAL YEAR THEREAFTER AS A VOTER -APPROVED REVENUE CHANGE
WITHOUT REGARD TO ANY SPENDING, REVENUE -RAISING, OR OTHER
LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO
CONSTITUTION, THE LIMITS IMPOSED ON INCREASES IN PROPERTY TAXATION
BY SECTION 29-1-301, C.R.S. IN ANY YEAR, OR ANY OTHER LAW WHICH PURPORTS
TO LIMIT THE DISTRICT'S REVENUES OR EXPENDITURES AS IT CURRENTLY
EXISTS OR AS IT MAY BE AMENDED IN THE FUTURE, ALL WITHOUT LIMITING IN
CONTINUE ►
ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED,
RETAINED AND SPENT BY THE DISTRICT?
YES:
NO:
BALLOT ISSUE 6C (TABOR Exemption - Non -Ad Valorem Tax Revenues)
SHALL KITELEY RANCH METROPOLITAN DISTRICT BE AUTHORIZED TO
COLLECT, RETAIN, AND SPEND ANY AND ALL AMOUNTS ANNUALLY FROM ANY
REVENUE SOURCES WHATSOEVER OTHER THAN AD VALOREM TAXES,
INCLUDING BUT NOT LIMITED TO TAP FEES, FACILITY FEES, SERVICE CHARGES,
INSPECTION CHARGES, ADMINISTRATIVE CHARGES, GRANTS, OR ANY OTHER
FEE, RATE, TOLL, PENALTY, INCOME, OR CHARGE IMPOSED, COLLECTED, OR
AUTHORIZED BY LAW TO BE IMPOSED OR COLLECTED BY THE DISTRICT, AND
SHALL SUCH REVENUES BE COLLECTED AND SPENT BY THE DISTRICT AS A
VOTER -APPROVED REVENUE CHANGE WITHOUT REGARD TO ANY SPENDING,
REVENUE -RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X,
SECTION 20 OF THE COLORADO CONSTITUTION, AND WITHOUT LIMITING IN ANY
YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED AND SPENT
BY THE DISTRICT?
YES:
NO:
BALLOT ISSUE 6D (Water)
SHALL KITELEY RANCH METROPOLITAN DISTRICT DEBT BE INCREASED
$30,000,000, WITH A REPAYMENT COST OF $165,000,000; AND SHALL KITELEY
RANCH METROPOLITAN DISTRICT TAXES BE INCREASED $165,000,000 ANNUALLY,
OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE
DISTRICT'S DEBT: SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS,
SPECIAL ASSESSMENT BONDS, OR OTHER OBLIGATIONS, INCLUDING
CONTRACTS, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING,
REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF ACQUIRING,
CONSTRUCTING, RELOCATING, INSTALLING, COMPLETING, AND OTHERWISE
PROVIDING, WITHIN OR WITHOUT THE BOUNDARIES OF THE DISTRICT, A
COMPLETE POTABLE AND NON -POTABLE WATER SUPPLY, STORAGE,
TRANSMISSION, AND DISTRIBUTION SYSTEM, INCLUDING BUT NOT LIMITED TO
TRANSMISSION LINES, DISTRIBUTION MAINS AND LATERALS, IRRIGATION
FACILITIES, AND STORAGE FACILITIES, TOGETHER WITH ALL NECESSARY,
INCIDENTAL, AND APPURTENANT FACILITIES, EQUIPMENT, LAND, AND
EASEMENTS, AND EXTENSIONS OF AND IMPROVEMENTS TO SAID FACILITIES,
SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN
EXCESS OF 15% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR
TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED
CONTINUE ►
BY THE DISTRICT BOARD OF DIRECTORS, SUCH DEBT TO BE SOLD AT ONE TIME
OR FROM TIME TO TIME IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR
EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND
CONDITIONS AS THE DISTRICT BOARD OF DIRECTORS MAY DETERMINE,
INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY
WITH OR WITHOUT PAYMENT OF PREMIUM IN AN AMOUNT DETERMINED BY THE
DISTRICT BOARD OF DIRECTORS, SUCH DEBT TO BE PAID FROM ANY LEGALLY
AVAILABLE MONEYS OF THE DISTRICT, INCLUDING SPECIAL ASSESSMENTS OR
THE PROCEEDS OF AD VALOREM PROPERTY TAXES; SUCH TAXES TO CONSIST OF
SPECIAL ASSESSMENTS OR AN AD VALOREM MILL LEVY IMPOSED ON ALL
TAXABLE PROPERTY OF THE DISTRICT, WITHOUT LIMITATION OF RATE OR WITH
SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD OF
DIRECTORS, AND IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE
SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE
USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF
ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF
ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE
USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED
AND SPENT BY THE DISTRICT AS A VOTER -APPROVED REVENUE CHANGE,
WITHOUT REGARD TO ANY SPENDING, REVENUE -RAISING, OR OTHER
LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO
CONSTITUTION, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER
REVENUES THAT MAY BE COLLECTED AND SPENT BY THE DISTRICT?
YES:
NO:
BALLOT ISSUE 6E (Sanitation)
SHALL KITELEY RANCH METROPOLITAN DISTRICT DEBT BE INCREASED
$30,000,000, WITH A REPAYMENT COST OF $165,000,000; AND SHALL KITELEY
RANCH METROPOLITAN DISTRICT TAXES BE INCREASED $165,000,000 ANNUALLY,
OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE
DISTRICT'S DEBT: SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS,
SPECIAL ASSESSMENT BONDS, OR OTHER OBLIGATIONS, INCLUDING
CONTRACTS, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING,
REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF ACQUIRING,
CONSTRUCTING, RELOCATING, INSTALLING, COMPLETING, AND OTHERWISE
PROVIDING, WITHIN OR WITHOUT THE BOUNDARIES OF THE DISTRICT, A
COMPLETE LOCAL SANITARY SEWAGE COLLECTION AND TRANSMISSION
SYSTEM, INCLUDING BUT NOT LIMITED TO COLLECTION MAINS AND LATERALS,
TRANSMISSION LINES, TREATMENT FACILITIES, STORM SEWER, FLOOD, AND
SURFACE DRAINAGE FACILITIES AND SYSTEMS, SOLID WASTE DISPOSAL
FACILITIES OR WASTE SERVICES, AND DETENTION AND RETENTION PONDS,
TOGETHER WITH ALL NECESSARY, INCIDENTAL, AND APPURTENANT FACILITIES,
EQUIPMENT, LAND, AND EASEMENTS, AND EXTENSIONS OF AND
IMPROVEMENTS TO SAID FACILITIES, SUCH DEBT TO BEAR INTEREST AT A NET
CONTINUE ►
EFFECTIVE INTEREST RATE NOT IN EXCESS OF 15% PER ANNUM, SUCH INTEREST
TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND
PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD OF
DIRECTORS, SUCH DEBT TO BE SOLD AT ONE TIME OR FROM TIME TO TIME IN
ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL
AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE
DISTRICT BOARD OF DIRECTORS MAY DETERMINE, INCLUDING PROVISIONS FOR
REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT
OF PREMIUM IN AN AMOUNT DETERMINED BY THE DISTRICT BOARD OF
DIRECTORS, SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS
OF THE DISTRICT, INCLUDING SPECIAL ASSESSMENTS OR THE PROCEEDS OF AD
VALOREM PROPERTY TAXES; SUCH TAXES TO CONSIST OF SPECIAL
ASSESSMENTS OR AN AD VALOREM MILL LEVY IMPOSED ON ALL TAXABLE
PROPERTY OF THE DISTRICT, WITHOUT LIMITATION OF RATE OR WITH SUCH
LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD OF DIRECTORS,
AND IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH
ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY
FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND
INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH
DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY
SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED AND SPENT
BY THE DISTRICT AS A VOTER -APPROVED REVENUE CHANGE, WITHOUT REGARD
TO ANY SPENDING, REVENUE -RAISING, OR OTHER LIMITATION CONTAINED
WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION, AND
WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT
MAY BE COLLECTED AND SPENT BY THE DISTRICT?
YES:
NO:
BALLOT ISSUE 6F (Streets)
SHALL KITELEY RANCH METROPOLITAN DISTRICT DEBT BE INCREASED
$30,000,000, WITH A REPAYMENT COST OF $165,000,000; AND SHALL KITELEY
RANCH METROPOLITAN DISTRICT TAXES BE INCREASED $165,000,000 ANNUALLY,
OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE
DISTRICT'S DEBT: SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS,
SPECIAL ASSESSMENT BONDS, OR OTHER OBLIGATIONS, INCLUDING
CONTRACTS, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING,
REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF ACQUIRING,
CONSTRUCTING, RELOCATING, INSTALLING, COMPLETING, AND OTHERWISE
PROVIDING, WITHIN OR WITHOUT THE BOUNDARIES OF THE DISTRICT, STREET
IMPROVEMENTS INCLUDING BUT NOT LIMITED TO CURBS, GUTTERS, CULVERTS,
OTHER DRAINAGE FACILITIES, SIDEWALKS, BRIDGES, PARKING FACILITIES,
PAVING, LIGHTING, GRADING, LANDSCAPING, AND OTHER STREET
IMPROVEMENTS, TOGETHER WITH ALL NECESSARY, INCIDENTAL, AND
APPURTENANT FACILITIES, EQUIPMENT, LAND, AND EASEMENTS, AND
CONTINUE ►
EXTENSIONS OF AND IMPROVEMENTS TO SAID FACILITIES, SUCH DEBT TO BEAR
INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 15% PER
ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH
MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT
BOARD OF DIRECTORS, SUCH DEBT TO BE SOLD AT ONE TIME OR FROM TIME TO
TIME IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE
PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS
THE DISTRICT BOARD OF DIRECTORS MAY DETERMINE, INCLUDING PROVISIONS
FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT
PAYMENT OF PREMIUM IN AN AMOUNT DETERMINED BY THE DISTRICT BOARD
OF DIRECTORS, SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE
MONEYS OF THE DISTRICT, INCLUDING SPECIAL ASSESSMENTS OR THE
PROCEEDS OF AD VALOREM PROPERTY TAXES; SUCH TAXES TO CONSIST OF
SPECIAL ASSESSMENTS OR AN AD VALOREM MILL LEVY IMPOSED ON ALL
TAXABLE PROPERTY OF THE DISTRICT, WITHOUT LIMITATION OF RATE OR WITH
SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD OF
DIRECTORS, AND IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE
SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE
USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF
ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF
ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE
USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED
AND SPENT BY THE DISTRICT AS A VOTER -APPROVED REVENUE CHANGE,
WITHOUT REGARD TO ANY SPENDING, REVENUE -RAISING, OR OTHER
LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO
CONSTITUTION, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER
REVENUES THAT MAY BE COLLECTED AND SPENT BY THE DISTRICT?
YES:
NO:
BALLOT ISSUE 6G (Safety Protection)
SHALL KITELEY RANCH METROPOLITAN DISTRICT DEBT BE INCREASED
$30,000,000, WITH A REPAYMENT COST OF $165,000,000; AND SHALL KITELEY
RANCH METROPOLITAN DISTRICT TAXES BE INCREASED $165,000,000 ANNUALLY,
OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE
DISTRICT'S DEBT: SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS,
SPECIAL ASSESSMENT BONDS, OR OTHER OBLIGATIONS, INCLUDING
CONTRACTS, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING,
REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF ACQUIRING,
CONSTRUCTING, RELOCATING, INSTALLING, COMPLETING, AND OTHERWISE
PROVIDING, WITHIN OR WITHOUT THE BOUNDARIES OF THE DISTRICT, A SYSTEM
OF TRAFFIC AND SAFETY CONTROLS AND DEVICES ON STREETS AND HIGHWAYS
AND AT RAILROAD CROSSINGS, INCLUDING BUT NOT LIMITED TO TRAFFIC
SIGNALS, TOGETHER WITH ALL NECESSARY, INCIDENTAL, AND APPURTENANT
FACILITIES, EQUIPMENT, LAND, AND EASEMENTS, AND EXTENSIONS OF AND
CONTINUE ►
IMPROVEMENTS TO SAID FACILITIES, SUCH DEBT TO BEAR INTEREST AT A NET
EFFECTIVE INTEREST RATE NOT IN EXCESS OF 15% PER ANNUM, SUCH INTEREST
TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND
PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD OF
DIRECTORS, SUCH DEBT TO BE SOLD AT ONE TIME OR FROM TIME TO TIME IN
ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL
AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE
DISTRICT BOARD OF DIRECTORS MAY DETERMINE, INCLUDING PROVISIONS FOR
REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT
OF PREMIUM IN AN AMOUNT DETERMINED BY THE DISTRICT BOARD OF
DIRECTORS, SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS
OF THE DISTRICT, INCLUDING SPECIAL ASSESSMENTS OR THE PROCEEDS OF AD
VALOREM PROPERTY TAXES; SUCH TAXES TO CONSIST OF SPECIAL
ASSESSMENTS OR AN AD VALOREM MILL LEVY IMPOSED ON ALL TAXABLE
PROPERTY OF THE DISTRICT, WITHOUT LIMITATION OF RATE OR WITH SUCH
LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD OF DIRECTORS,
AND IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH
ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY
FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND
INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH
DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY
SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED AND SPENT
BY THE DISTRICT AS A VOTER -APPROVED REVENUE CHANGE, WITHOUT REGARD
TO ANY SPENDING, REVENUE -RAISING, OR OTHER LIMITATION CONTAINED
WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION, AND
WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT
MAY BE COLLECTED AND SPENT BY THE DISTRICT?
YES:
NO:
BALLOT ISSUE 6H (Parks and Recreation)
SHALL KITELEY RANCH METROPOLITAN DISTRICT DEBT BE INCREASED
$30,000,000, WITH A REPAYMENT COST OF $165,000,000; AND SHALL KITELEY
RANCH METROPOLITAN DISTRICT TAXES BE INCREASED $165,000,000 ANNUALLY,
OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE
DISTRICT'S DEBT: SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS,
SPECIAL ASSESSMENT BONDS, OR OTHER OBLIGATIONS, INCLUDING
CONTRACTS, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING,
REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF ACQUIRING,
CONSTRUCTING, RELOCATING, INSTALLING, COMPLETING, AND OTHERWISE
PROVIDING, WITHIN OR WITHOUT THE BOUNDARIES OF THE DISTRICT, PARKS
AND RECREATIONAL FACILITIES, IMPROVEMENTS, AND PROGRAMS, INCLUDING
BUT NOT LIMITED TO PARKS, BIKE PATHS AND PEDESTRIAN WAYS, OPEN SPACE,
LANDSCAPING, CULTURAL FACILITIES, COMMUNITY RECREATION CENTERS,
WATER BODIES, IRRIGATION FACILITIES, AND OTHER ACTIVE AND PASSIVE
CONTINUE ►
RECREATION FACILITIES AND PROGRAMS, TOGETHER WITH ALL NECESSARY,
INCIDENTAL, AND APPURTENANT FACILITIES, EQUIPMENT, LAND, AND
EASEMENTS, AND EXTENSIONS OF AND IMPROVEMENTS TO SAID FACILITIES,
SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN
EXCESS OF 15% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR
TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED
BY THE DISTRICT BOARD OF DIRECTORS, SUCH DEBT TO BE SOLD AT ONE TIME
OR FROM TIME TO TIME IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR
EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND
CONDITIONS AS THE DISTRICT BOARD OF DIRECTORS MAY DETERMINE,
INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY
WITH OR WITHOUT PAYMENT OF PREMIUM IN AN AMOUNT DETERMINED BY THE
DISTRICT BOARD OF DIRECTORS, SUCH DEBT TO BE PAID FROM ANY LEGALLY
AVAILABLE MONEYS OF THE DISTRICT, INCLUDING SPECIAL ASSESSMENTS OR
THE PROCEEDS OF AD VALOREM PROPERTY TAXES; SUCH TAXES TO CONSIST OF
SPECIAL ASSESSMENTS OR AN AD VALOREM MILL LEVY IMPOSED ON ALL
TAXABLE PROPERTY OF THE DISTRICT, WITHOUT LIMITATION OF RATE OR WITH
SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD OF
DIRECTORS, AND IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE
SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE
USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF
ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF
ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE
USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED
AND SPENT BY THE DISTRICT AS A VOTER -APPROVED REVENUE CHANGE,
WITHOUT REGARD TO ANY SPENDING, REVENUE -RAISING, OR OTHER
LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO
CONSTITUTION, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER
REVENUES THAT MAY BE COLLECTED AND SPENT BY THE DISTRICT?
YES:
NO:
BALLOT ISSUE 6I (Transportation)
SHALL KITELEY RANCH METROPOLITAN DISTRICT DEBT BE INCREASED
$30,000,000, WITH A REPAYMENT COST OF $165,000,000; AND SHALL KITELEY
RANCH METROPOLITAN DISTRICT TAXES BE INCREASED $165,000,000 ANNUALLY,
OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE
DISTRICT'S DEBT: SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS,
SPECIAL ASSESSMENT BONDS, OR OTHER OBLIGATIONS, INCLUDING
CONTRACTS, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING,
REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF ACQUIRING,
CONSTRUCTING, RELOCATING, INSTALLING, COMPLETING, AND OTHERWISE
PROVIDING, WITHIN OR WITHOUT THE BOUNDARIES OF THE DISTRICT, A SYSTEM
TO TRANSPORT THE PUBLIC BY BUS, RAIL, OR ANY OTHER MEANS OF
CONVEYANCE, OR ANY COMBINATION THEREOF, INCLUDING BUT NOT LIMITED
CONTINUE ►
TO PUBLIC TRANSPORTATION SYSTEM IMPROVEMENTS, TRANSPORTATION
EQUIPMENT, PARK AND RIDE FACILITIES, PUBLIC PARKING LOTS, STRUCTURES,
ROOFS, COVERS, AND FACILITIES, TOGETHER WITH ALL NECESSARY,
INCIDENTAL, AND APPURTENANT FACILITIES, EQUIPMENT, LAND, AND
EASEMENTS, AND EXTENSIONS OF AND IMPROVEMENTS TO SAID FACILITIES,
SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN
EXCESS OF 15% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR
TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED
BY THE DISTRICT BOARD OF DIRECTORS, SUCH DEBT TO BE SOLD AT ONE TIME
OR FROM TIME TO TIME IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR
EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND
CONDITIONS AS THE DISTRICT BOARD OF DIRECTORS MAY DETERMINE,
INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY
WITH OR WITHOUT PAYMENT OF PREMIUM IN AN AMOUNT DETERMINED BY THE
DISTRICT BOARD OF DIRECTORS, SUCH DEBT TO BE PAID FROM ANY LEGALLY
AVAILABLE MONEYS OF THE DISTRICT, INCLUDING SPECIAL ASSESSMENTS OR
THE PROCEEDS OF AD VALOREM PROPERTY TAXES; SUCH TAXES TO CONSIST OF
SPECIAL ASSESSMENTS OR AN AD VALOREM MILL LEVY IMPOSED ON ALL
TAXABLE PROPERTY OF THE DISTRICT, WITHOUT LIMITATION OF RATE OR WITH
SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD OF
DIRECTORS, AND IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE
SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE
USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF
ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF
ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE
USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED
AND SPENT BY THE DISTRICT AS A VOTER -APPROVED REVENUE CHANGE,
WITHOUT REGARD TO ANY SPENDING, REVENUE -RAISING, OR OTHER
LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO
CONSTITUTION, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER
REVENUES THAT MAY BE COLLECTED AND SPENT BY THE DISTRICT?
YES:
NO:
BALLOT ISSUE 6J (Television Relay and Translation)
SHALL KITELEY RANCH METROPOLITAN DISTRICT DEBT BE INCREASED
$30,000,000, WITH A REPAYMENT COST OF $165,000,000; AND SHALL KITELEY
RANCH METROPOLITAN DISTRICT TAXES BE INCREASED $165,000,000 ANNUALLY,
OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE
DISTRICT'S DEBT: SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS,
SPECIAL ASSESSMENT BONDS, OR OTHER OBLIGATIONS, INCLUDING
CONTRACTS, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING,
REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF ACQUIRING,
CONSTRUCTING, RELOCATING, INSTALLING, COMPLETING, AND OTHERWISE
PROVIDING, WITHIN OR WITHOUT THE BOUNDARIES OF THE DISTRICT,
CONTINUE ►
TELEVISION RELAY AND TRANSLATION SYSTEM IMPROVEMENTS, INCLUDING
BUT NOT LIMITED TO EQUIPMENT, FACILITIES, AND STRUCTURES, TOGETHER
WITH ALL NECESSARY, INCIDENTAL, AND APPURTENANT FACILITIES,
EQUIPMENT, LAND, AND EASEMENTS, AND EXTENSIONS OF AND
IMPROVEMENTS TO SAID FACILITIES, SUCH DEBT TO BEAR INTEREST AT A NET
EFFECTIVE INTEREST RATE NOT IN EXCESS OF 15% PER ANNUM, SUCH INTEREST
TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND
PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD OF
DIRECTORS, SUCH DEBT TO BE SOLD AT ONE TIME OR FROM TIME TO TIME IN
ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL
AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE
DISTRICT BOARD OF DIRECTORS MAY DETERMINE, INCLUDING PROVISIONS FOR
REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT
OF PREMIUM IN AN AMOUNT DETERMINED BY THE DISTRICT BOARD OF
DIRECTORS, SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS
OF THE DISTRICT, INCLUDING SPECIAL ASSESSMENTS OR THE PROCEEDS OF AD
VALOREM PROPERTY TAXES; SUCH TAXES TO CONSIST OF SPECIAL
ASSESSMENTS OR AN AD VALOREM MILL LEVY IMPOSED ON ALL TAXABLE
PROPERTY OF THE DISTRICT, WITHOUT LIMITATION OF RATE OR WITH SUCH
LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD OF DIRECTORS,
AND IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH
ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY
FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND
INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH
DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY
SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED AND SPENT
BY THE DISTRICT AS A VOTER -APPROVED REVENUE CHANGE, WITHOUT REGARD
TO ANY SPENDING, REVENUE -RAISING, OR OTHER LIMITATION CONTAINED
WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION, AND
WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT
MAY BE COLLECTED AND SPENT BY THE DISTRICT?
YES:
NO:
BALLOT ISSUE 6K (Mosquito Control)
SHALL KITELEY RANCH METROPOLITAN DISTRICT DEBT BE INCREASED
$30,000,000, WITH A REPAYMENT COST OF $165,000,000; AND SHALL KITELEY
RANCH METROPOLITAN DISTRICT TAXES BE INCREASED $165,000,000 ANNUALLY,
OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE
DISTRICT'S DEBT: SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS,
SPECIAL ASSESSMENT BONDS, OR OTHER OBLIGATIONS, INCLUDING
CONTRACTS, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING,
REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF ACQUIRING,
CONSTRUCTING, RELOCATING, INSTALLING, COMPLETING, AND OTHERWISE
PROVIDING, WITHIN OR WITHOUT THE BOUNDARIES OF THE DISTRICT,
CONTINUE ►
FACILITIES, PROPERTIES, AND EQUIPMENT FOR THE ELIMINATION AND
CONTROL OF MOSQUITOES, TOGETHER WITH ALL NECESSARY, INCIDENTAL,
AND APPURTENANT FACILITIES, EQUIPMENT, LAND, AND EASEMENTS, AND
EXTENSIONS OF AND IMPROVEMENTS TO SAID FACILITIES, SUCH DEBT TO BEAR
INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 15% PER
ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH
MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT
BOARD OF DIRECTORS, SUCH DEBT TO BE SOLD AT ONE TIME OR FROM TIME TO
TIME IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE
PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS
THE DISTRICT BOARD OF DIRECTORS MAY DETERMINE, INCLUDING PROVISIONS
FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT
PAYMENT OF PREMIUM IN AN AMOUNT DETERMINED BY THE DISTRICT BOARD
OF DIRECTORS, SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE
MONEYS OF THE DISTRICT, INCLUDING SPECIAL ASSESSMENTS OR THE
PROCEEDS OF AD VALOREM PROPERTY TAXES; SUCH TAXES TO CONSIST OF
SPECIAL ASSESSMENTS OR AN AD VALOREM MILL LEVY IMPOSED ON ALL
TAXABLE PROPERTY OF THE DISTRICT, WITHOUT LIMITATION OF RATE OR WITH
SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD OF
DIRECTORS, AND IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE
SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE
USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF
ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF
ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE
USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED
AND SPENT BY THE DISTRICT AS A VOTER -APPROVED REVENUE CHANGE,
WITHOUT REGARD TO ANY SPENDING, REVENUE -RAISING, OR OTHER
LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO
CONSTITUTION, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER
REVENUES THAT MAY BE COLLECTED AND SPENT BY THE DISTRICT?
YES:
NO:
BALLOT ISSUE 6L (Fire Protection and Emergency Medical)
SHALL KITELEY RANCH METROPOLITAN DISTRICT DEBT BE INCREASED
$30,000,000, WITH A REPAYMENT COST OF $165,000,000; AND SHALL KITELEY
RANCH METROPOLITAN DISTRICT TAXES BE INCREASED $165,000,000 ANNUALLY,
OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE
DISTRICT'S DEBT: SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS,
SPECIAL ASSESSMENT BONDS, OR OTHER OBLIGATIONS, INCLUDING
CONTRACTS, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING,
REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF ACQUIRING,
CONSTRUCTING, RELOCATING, INSTALLING, COMPLETING, AND OTHERWISE
PROVIDING, WITHIN OR WITHOUT THE BOUNDARIES OF THE DISTRICT, FIRE
PROTECTION AND AMBULANCE AND EMERGENCY MEDICAL AND RESCUE
CONTINUE ►
SERVICES FACILITIES AND IMPROVEMENTS, TOGETHER WITH ALL NECESSARY,
INCIDENTAL, AND APPURTENANT FACILITIES, EQUIPMENT, LAND, AND
EASEMENTS, AND EXTENSIONS OF AND IMPROVEMENTS TO SAID FACILITIES,
SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN
EXCESS OF 15% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR
TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED
BY THE DISTRICT BOARD OF DIRECTORS, SUCH DEBT TO BE SOLD AT ONE TIME
OR FROM TIME TO TIME IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR
EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND
CONDITIONS AS THE DISTRICT BOARD OF DIRECTORS MAY DETERMINE,
INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY
WITH OR WITHOUT PAYMENT OF PREMIUM IN AN AMOUNT DETERMINED BY THE
DISTRICT BOARD OF DIRECTORS, SUCH DEBT TO BE PAID FROM ANY LEGALLY
AVAILABLE MONEYS OF THE DISTRICT, INCLUDING SPECIAL ASSESSMENTS OR
THE PROCEEDS OF AD VALOREM PROPERTY TAXES; SUCH TAXES TO CONSIST OF
SPECIAL ASSESSMENTS OR AN AD VALOREM MILL LEVY IMPOSED ON ALL
TAXABLE PROPERTY OF THE DISTRICT, WITHOUT LIMITATION OF RATE OR WITH
SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD OF
DIRECTORS, AND IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE
SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE
USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF
ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF
ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE
USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED
AND SPENT BY THE DISTRICT AS A VOTER -APPROVED REVENUE CHANGE,
WITHOUT REGARD TO ANY SPENDING, REVENUE -RAISING, OR OTHER
LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO
CONSTITUTION, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER
REVENUES THAT MAY BE COLLECTED AND SPENT BY THE DISTRICT?
YES:
NO:
BALLOT ISSUE 6M (Operations and Maintenance Debt)
SHALL KITELEY RANCH METROPOLITAN DISTRICT DEBT BE INCREASED
$30,000,000, WITH A REPAYMENT COST OF $165,000,000; AND SHALL KITELEY
RANCH METROPOLITAN DISTRICT TAXES BE INCREASED $165,000,000 ANNUALLY,
OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE
DISTRICT'S DEBT: SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS,
SPECIAL ASSESSMENT BONDS, OR OTHER OBLIGATIONS, INCLUDING
CONTRACTS, ISSUED OR INCURRED TO PAY THE COSTS OF OPERATING,
MAINTAINING, OR OTHERWISE PROVIDING SYSTEMS, OPERATIONS, COVENANT
ENFORCEMENT, DESIGN REVIEW AND ADMINISTRATION TO CARRY OUT THE
OBJECTS AND PURPOSES FOR WHICH THE DISTRICT WAS ORGANIZED, TOGETHER
WITH ALL NECESSARY, INCIDENTAL AND APPURTENANT PROPERTIES,
FACILITIES, EQUIPMENT, PERSONNEL, CONTRACTORS, CONSULTANTS, AND
CONTINUE ►
COSTS AND ALL LAND, EASEMENTS, AND APPURTENANCES NECESSARY OR
APPROPRIATE IN CONNECTION THEREWITH, SUCH DEBT TO BEAR INTEREST AT A
NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 15% PER ANNUM, SUCH
INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY
COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD
OF DIRECTORS, SUCH DEBT TO BE SOLD AT ONE TIME OR FROM TIME TO TIME IN
ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL
AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE
DISTRICT BOARD OF DIRECTORS MAY DETERMINE, INCLUDING PROVISIONS FOR
REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT
OF PREMIUM IN AN AMOUNT DETERMINED BY THE DISTRICT BOARD OF
DIRECTORS, SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS
OF THE DISTRICT, INCLUDING SPECIAL ASSESSMENTS OR THE PROCEEDS OF AD
VALOREM PROPERTY TAXES; SUCH TAXES TO CONSIST OF SPECIAL
ASSESSMENTS OR AN AD VALOREM MILL LEVY IMPOSED ON ALL TAXABLE
PROPERTY OF THE DISTRICT, WITHOUT LIMITATION OF RATE OR WITH SUCH
LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD OF DIRECTORS,
AND IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH
ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY
FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND
INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH
DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY
SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED AND SPENT
BY THE DISTRICT AS A VOTER -APPROVED REVENUE CHANGE, WITHOUT REGARD
TO ANY SPENDING, REVENUE -RAISING, OR OTHER LIMITATION CONTAINED
WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION, AND
WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT
MAY BE COLLECTED AND SPENT BY THE DISTRICT?
YES:
NO:
BALLOT ISSUE 6N (Oil and Gas Debt):
SHALL KITELEY RANCH METROPOLITAN DISTRICT DEBT BE INCREASED
$30,000,000, WITH A REPAYMENT COST OF $165,000,000; AND SHALL KITELEY
RANCH METROPOLITAN DISTRICT TAXES BE INCREASED $165,000,000 ANNUALLY,
OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE
DISTRICT'S DEBT: SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS,
SPECIAL ASSESSMENT BONDS, OR OTHER OBLIGATIONS, INCLUDING
CONTRACTS, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING,
REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF ACQUIRING,
CONSTRUCTING, RELOCATING, INSTALLING, COMPLETING, AND OTHERWISE
PROVIDING, WITHIN OR WITHOUT THE BOUNDARIES OF THE DISTRICT,
INCREMENTAL DIRECTIONAL DRILLING COSTS FOR OIL AND GAS WELLS
DRILLED WITHIN THE GREATER WATTENBERG AREA AS THAT TERM IS DEFINED
IN SECTION 24-65.5-102, C.R.S., AS IT CURRENTLY EXISTS OR MAY BE AMENDED IN
CONTINUE ►
THE FUTURE, TOGETHER WITH ALL NECESSARY, INCIDENTAL AND
APPURTENANT FACILITIES, EQUIPMENT, LAND, EASEMENTS, AND EXTENSIONS
OF AND IMPROVEMENTS TO SUCH FACILITIES, SUCH DEBT TO BEAR INTEREST
AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 15% PER ANNUM, SUCH
INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY
COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD
OF DIRECTORS, SUCH DEBT TO BE SOLD AT ONE TIME OR FROM TIME TO TIME IN
ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL
AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE
DISTRICT BOARD OF DIRECTORS MAY DETERMINE, INCLUDING PROVISIONS FOR
REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT
OF PREMIUM IN AN AMOUNT DETERMINED BY THE DISTRICT BOARD OF
DIRECTORS, SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS
OF THE DISTRICT, INCLUDING SPECIAL ASSESSMENTS OR THE PROCEEDS OF AD
VALOREM PROPERTY TAXES; SUCH TAXES TO CONSIST OF SPECIAL
ASSESSMENTS OR AN AD VALOREM MILL LEVY IMPOSED ON ALL TAXABLE
PROPERTY OF THE DISTRICT, WITHOUT LIMITATION OF RATE OR WITH SUCH
LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD OF DIRECTORS,
AND IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH
ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY
FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND
INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH
DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY
SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED AND SPENT
BY THE DISTRICT AS A VOTER -APPROVED REVENUE CHANGE, WITHOUT REGARD
TO ANY SPENDING, REVENUE -RAISING, OR OTHER LIMITATION CONTAINED
WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION, AND
WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT
MAY BE COLLECTED AND SPENT BY THE DISTRICT?
YES:
NO:
BALLOT ISSUE 60 (Refunding Debt)
SHALL KITELEY RANCH METROPOLITAN DISTRICT DEBT BE INCREASED
$30,000,000, WITH A REPAYMENT COST OF $165,000,000; AND SHALL KITELEY
RANCH METROPOLITAN DISTRICT TAXES BE INCREASED $165,000,000 ANNUALLY,
OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE
DISTRICT'S DEBT: SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS,
SPECIAL ASSESSMENT BONDS, OR OTHER OBLIGATIONS ISSUED OR INCURRED
FOR THE PURPOSE OF REFUNDING, PAYING, OR DEFEASING, IN WHOLE OR IN
PART, BONDS, NOTES, OR OTHER FINANCIAL OBLIGATIONS OF THE DISTRICT;
SUCH DEBT TO BEAR INTEREST AT A RATE TO BE DETERMINED BY THE DISTRICT
BOARD OF DIRECTORS, WHICH INTEREST RATE MAY BE THE SAME AS OR
HIGHER THAN THE INTEREST RATE BORNE BY THE OBLIGATIONS BEING
REFUNDED, BUT NOT IN EXCESS OF 15% PER ANNUM; SUCH INTEREST TO BE
PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY
CONTINUE ►
AS MAY BE DETERMINED BY THE DISTRICT BOARD OF DIRECTORS, SUCH DEBT
TO BE SOLD AT ONE TIME OR FROM TIME TO TIME IN ONE SERIES OR MORE AT A
PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT
AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT BOARD OF DIRECTORS
MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT
PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF PREMIUM IN AN AMOUNT
DETERMINED BY THE DISTRICT BOARD OF DIRECTORS, SUCH DEBT TO BE PAID
FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING
SPECIAL ASSESSMENTS OR THE PROCEEDS OF AD VALOREM PROPERTY TAXES;
SUCH TAXES TO CONSIST OF SPECIAL ASSESSMENTS OR AN AD VALOREM MILL
LEVY IMPOSED ON ALL TAXABLE PROPERTY OF THE DISTRICT, WITHOUT
LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY
THE DISTRICT BOARD OF DIRECTORS, AND IN AMOUNTS SUFFICIENT TO
PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT
AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE
PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND
SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES,
ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME
THEREON, BE COLLECTED AND SPENT BY THE DISTRICT AS A VOTER -APPROVED
REVENUE CHANGE WITHOUT REGARD TO ANY SPENDING, REVENUE -RAISING, OR
OTHER LIMITATION CONTAINED WITHIN ARTICLE - X, SECTION 20 OF THE
COLORADO CONSTITUTION, AND WITHOUT LIMITING IN ANY YEAR THE
AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED AND SPENT BY THE
DISTRICT?
YES:
NO:
BALLOT ISSUE 6P (District Intergovernmental Agreements)
SHALL KITELEY RANCH METROPOLITAN DISTRICT BE AUTHORIZED TO ENTER
INTO ONE OR MORE INTERGOVERNMENTAL AGREEMENTS WITH THE STATE OR
ANY POLITICAL SUBDIVISION OF THE STATE FOR THE PURPOSE OF JOINTLY
FINANCING THE COSTS OF ANY PUBLIC IMPROVEMENTS, FACILITIES, SYSTEMS,
PROGRAMS, OR PROJECTS WHICH THE DISTRICT MAY LAWFULLY PROVIDE, OR
FOR THE PURPOSE OF PROVIDING FOR THE OPERATIONS AND MAINTENANCE OF
THE DISTRICT AND ITS FACILITIES AND PROPERTIES, WHICH AGREEMENT MAY
CONSTITUTE A MULTIPLE -FISCAL YEAR OBLIGATION OF THE DISTRICT TO THE
EXTENT PROVIDED THEREIN AND OTHERWISE AUTHORIZED BY LAW, AND IN
CONNECTION THEREWITH SHALL THE DISTRICT BE AUTHORIZED TO MAKE
COVENANTS REGARDING THE ESTABLISHMENT AND USE OF AD VALOREM
TAXES, RATES, FEES, TOLLS, PENALTIES, AND OTHER CHARGES OR REVENUES OF
THE DISTRICT, AND COVENANTS, REPRESENTATIONS, AND WARRANTIES AS TO
OTHER MATTERS ARISING UNDER THE AGREEMENTS, ALL AS MAY BE
DETERMINED BY THE BOARD OF DIRECTORS OF THE DISTRICT?
YES:
CONTINUE ►
NO:
BALLOT ISSUE 6Q (Intergovernmental Agreement Debt)
SHALL KITELEY RANCH METROPOLITAN DISTRICT DEBT BE INCREASED
$30,000,000 WITH A REPAYMENT COST OF $165,000,000, AND SHALL KITELEY
RANCH METROPOLITAN DISTRICT TAXES BE INCREASED $165,000,000 ANNUALLY
OR SUCH LESSER AMOUNT AS MAY BE NECESSARY FOR THE PAYMENT OF SUCH
DEBT AND ANY REFUNDINGS THEREOF, AT AN INTEREST RATE THAT IS EQUAL
TO, LOWER OR HIGHER THAN THE INTEREST RATE ON THE REFUNDED DEBT,
SUCH DEBT TO CONSIST OF INTERGOVERNMENTAL AGREEMENTS OR OTHER
CONTRACTS WITHOUT LIMIT AS TO TERM WITH ONE OR MORE POLITICAL
SUBDIVISIONS OF THE STATE, GOVERNMENTAL UNITS, GOVERNMENTALLY -
OWNED ENTERPRISES, OR OTHER PUBLIC ENTITIES, WHICH CONTRACTS WILL
CONSTITUTE MULTIPLE FISCAL YEAR FINANCIAL OBLIGATIONS AND WHICH
WILL OBLIGATE THE DISTRICT TO PAY, REIMBURSE OR FINANCE THE COSTS OF
FINANCING, DESIGNING, ACQUIRING, CONSTRUCTING, COMPLETING OR
OTHERWISE PROVIDING, AND THE COSTS OF OPERATING AND MAINTAINING,
ANY PUBLIC IMPROVEMENT WHICH THE DISTRICT IS LAWFULLY AUTHORIZED
TO PROVIDE, ALL AS MAY BE PROVIDED IN SUCH CONTRACTS, SUCH
CONTRACTS TO BEAR INTEREST AT A MAXIMUM NET EFFECTIVE INTEREST RATE
NOT TO EXCEED 15% PER ANNUM, BE REFINANCED AT A NET EFFECTIVE
INTEREST RATE NOT TO EXCEED THE MAXIMUM NET EFFECTIVE INTEREST RATE
WITHOUT ADDITIONAL VOTER APPROVAL AND CONTAIN SUCH TERMS, NOT
INCONSISTENT HEREWITH, AS THE DISTRICT BOARD OF DIRECTORS MAY
DETERMINE; AND IN CONNECTION THEREWITH SHALL AD VALOREM PROPERTY
TAXES BE LEVIED IN ANY YEAR, WITHOUT LIMITATION AS TO RATE AND IN AN
AMOUNT SUFFICIENT TO PAY THE OBLIGATIONS OF THE CONTRACTS WHEN
DUE, THE PROCEEDS OF THE CONTRACTS, THE REVENUES FROM ALL TAXES,
FROM REVENUE SHARING AGREEMENTS, ANY OTHER REVENUES USED TO PAY
THE CONTRACTS AND ANY EARNINGS FROM THE INVESTMENT OF SUCH
PROCEEDS AND REVENUES BE COLLECTED, RETAINED AND SPENT BY THE
DISTRICT AS A VOTER -APPROVED REVENUE CHANGE, WITHOUT REGARD TO
ANY SPENDING, REVENUE -RAISING, OR OTHER LIMITATION CONTAINED WITHIN
ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION, OR ANY OTHER LAW
WHICH PURPORTS TO LIMIT THE DISTRICT'S REVENUES OR EXPENDITURES AS IT
CURRENTLY EXISTS OR AS IT MAY BE AMENDED IN THE FUTURE, AND WITHOUT
LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE
COLLECTED, RETAINED AND SPENT BY THE DISTRICT?
YES:
NO:
CONTINUE ►
BALLOT ISSUE 6R (Mortgage)
SHALL KITELEY RANCH METROPOLITAN DISTRICT BE AUTHORIZED TO ISSUE,
CREATE, EXECUTE, AND DELIVER MORTGAGES, LIENS, AND OTHER
ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, WHETHER NOW
OWNED OR HEREAFTER ACQUIRED, AND INCLUDING WATER AND WATER
RIGHTS, SUCH ENCUMBRANCES TO BE IN THE TOTAL PRINCIPAL AMOUNT OF
NOT MORE THAN $30,000,000, PLUS INTEREST THEREON AT A NET EFFECTIVE
INTEREST RATE NOT IN EXCESS OF 15% PER ANNUM, ALL AS MAY BE
DETERMINED BY THE BOARD OF DIRECTORS TO BE NECESSARY OR
APPROPRIATE IN CONNECTION WITH THE ISSUANCE OF BONDS, NOTES,
CONTRACTS, OR OTHER FINANCIAL OBLIGATIONS OF THE DISTRICT; SUCH
ENCUMBRANCES TO BE CREATED FOR THE PURPOSE OF PROVIDING ADDITIONAL
SECURITY FOR DISTRICT FINANCIAL OBLIGATIONS, AND TO BE CREATED AT ONE
TIME OR FROM TIME TO TIME; SUCH MORTGAGES, LIENS, OR OTHER
ENCUMBRANCES TO ENTITLE THE OWNER OR BENEFICIARY THEREOF TO
FORECLOSE UPON AND TAKE TITLE TO AND POSSESSION OF THE DISTRICT
PROPERTY SO ENCUMBERED, AND IN CONNECTION THEREWITH SHALL THE
DISTRICT BE AUTHORIZED TO MAKE SUCH COVENANTS REGARDING THE USE OF
THE ENCUMBERED PROPERTY AND OTHER MATTERS ARISING UNDER THE
ENCUMBRANCE, ALL AS MAY BE DETERMINED BY THE BOARD OF DIRECTORS OF
THE DISTRICT?
YES:
NO:
BALLOT ISSUE 6S (Reimbursement Agreements)
SHALL KITELEY . RANCH METROPOLITAN DISTRICT DEBT BE INCREASED
$60,000,000 WITH A REPAYMENT COST OF $330,000,000, AND SHALL KITELEY
RANCH METROPOLITAN DISTRICT TAXES BE INCREASED $330,000,000 ANNUALLY
OR SUCH LESSER AMOUNT AS MAY BE NECESSARY FOR THE PAYMENT OF SUCH
DEBT AND ANY REFUNDINGS THEREOF; SUCH DEBT TO CONSIST OF
REIMBURSEMENT AGREEMENTS ("CONTRACTS") WITHOUT LIMIT AS TO TERM
WITH ONE OR MORE PRIVATE ENTITIES WHICH CONTRACTS WILL CONSTITUTE
MULTIPLE FISCAL YEAR FINANCIAL OBLIGATIONS AND WHICH WILL OBLIGATE
THE DISTRICT TO REIMBURSE TO SUCH ENTITY OR ENTITIES FOR ADVANCES
MADE TO AND COSTS INCURRED ON BEHALF OF THE DISTRICT FOR THE
PURPOSES OF FINANCING, DESIGNING, ACQUIRING, CONSTRUCTING,
COMPLETING OR OTHERWISE PROVIDING, AND THE COSTS OF OPERATING AND
MAINTAINING, ANY PUBLIC IMPROVEMENT INCLUDING THE PROVISION OF
COVENANT ENFORCEMENT AND ADMINISTRATIVE COSTS OF THE DISTRICT, ALL
AS MAY BE PROVIDED IN SUCH CONTRACTS; SUCH DEBT TO BEAR INTEREST AT
A MAXIMUM NET EFFECTIVE INTEREST RATE NOT TO EXCEED 15% PER ANNUM,
BE REFINANCED AT A NET EFFECTIVE INTEREST RATE NOT TO EXCEED THE
MAXIMUM NET EFFECTIVE INTEREST RATE WITHOUT ADDITIONAL VOTER
CONTINUE ►
APPROVAL, AND CONTAIN SUCH TERMS, NOT INCONSISTENT HEREWITH, AS THE
DISTRICT'S BOARD OF DIRECTORS MAY DETERMINE; SUCH DEBT TO BE ISSUED
OR INCURRED AT ONE TIME OR FROM TIME TO TIME, TO BE PAID FROM ANY
LEGALLY AVAILABLE REVENUES OF THE DISTRICT, INCLUDING THE PROCEEDS
OF AD VALOREM PROPERTY TAXES; SUCH TAXES TO CONSIST OF AN AD
VALOREM MILL LEVY IMPOSED ON ALL TAXABLE PROPERTY OF THE DISTRICT,
WITHOUT LIMITATION OF RATE AND AMOUNT OR WITH SUCH LIMITATIONS AS
MAY BE DETERMINED BY THE DISTRICT'S BOARD OF DIRECTORS, TO BE USED
FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND
INTEREST ON SUCH DEBT WHEN DUE; AND SHALL THE PROCEEDS OF ANY SUCH
DEBT AND THE REVENUES FROM SUCH TAXES AND ANY OTHER REVENUES USED
TO PAY SUCH DEBT, AND INVESTMENT EARNINGS THEREON, BE COLLECTED,
RETAINED, AND SPENT BY THE DISTRICT AS A VOTER -APPROVED REVENUE
CHANGE, WITHOUT REGARD TO ANY SPENDING, REVENUE -RAISING, OR OTHER
LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO
CONSTITUTION, OR ANY OTHER LAW WHICH PURPORTS TO LIMIT THE
DISTRICT'S REVENUES OR EXPENDITURES AS IT CURRENTLY EXISTS OR AS IT
MAY BE AMENDED IN THE FUTURE, AND WITHOUT LIMITING IN ANY YEAR THE
AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED, AND
SPENT BY THE DISTRICT?
YES: _
NO:
BALLOT ISSUE 6T (Construction Management Agreement)
SHALL KITELEY RANCH METROPOLITAN DISTRICT DEBT BE INCREASED
$30,000,000 WITH A REPAYMENT COST OF $165,000,000, AND SHALL KITELEY
RANCH METROPOLITAN DISTRICT TAXES BE INCREASED $165,000,000 ANNUALLY
OR SUCH LESSER AMOUNT AS MAY BE NECESSARY FOR THE PAYMENT OF SUCH
DEBT AND ANY REFUNDINGS THEREOF; SUCH DEBT TO CONSIST OF REVENUE
BONDS, NOTES, CERTIFICATES, DEBENTURES, OR OTHER MULTIPLE FISCAL YEAR
FINANCIAL OBLIGATIONS, INCLUDING CONTRACTS, ISSUED OR INCURRED FOR
THE PURPOSE OF PROVIDING FOR CERTAIN MANAGEMENT SERVICES RELATED
TO THE DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, EQUIPPING,
COMPLETING, OPERATING, MAINTAINING, MANAGING AND OTHERWISE
PROVIDING, WITHIN OR WITHOUT THE BOUNDARIES OF THE DISTRICT, DISTRICT
FACILITIES, OR FOR THE PURPOSE OF REFUNDING OBLIGATIONS ISSUED FOR
SUCH PURPOSE WHETHER OR NOT SUCH REFUNDING OBLIGATIONS ARE ISSUED
AT A LOWER OR HIGHER INTEREST RATE; SUCH DEBT TO INCLUDE
MANAGEMENT AGREEMENTS BETWEEN THE DISTRICT AND OTHER PARTIES;
SUCH DEBT TO BEAR INTEREST AT A MAXIMUM NET EFFECTIVE INTEREST RATE
NOT TO EXCEED 15% PER ANNUM, BE REFINANCED AT A NET EFFECTIVE
INTEREST RATE NOT TO EXCEED THE MAXIMUM NET EFFECTIVE INTEREST RATE
WITHOUT ADDITIONAL VOTER APPROVAL, AND CONTAIN SUCH TERMS, NOT
INCONSISTENT HEREWITH, AS THE DISTRICT'S BOARD OF DIRECTORS MAY
CONTINUE ►
DETERMINE; SUCH DEBT TO BE ISSUED OR INCURRED AT ONE TIME OR FROM
TIME TO TIME, TO BE PAID FROM ANY LEGALLY AVAILABLE REVENUES OF THE
DISTRICT, INCLUDING THE PROCEEDS OF AD VALOREM PROPERTY TAXES; SUCH
TAXES TO CONSIST OF AN AD VALOREM MILL LEVY IMPOSED ON ALL TAXABLE
PROPERTY OF THE DISTRICT, WITHOUT LIMITATION OF RATE AND AMOUNT OR
WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT'S BOARD
OF DIRECTORS, TO BE USED FOR THE PURPOSE OF PAYING THE PRINCIPAL OF,
PREMIUM IF ANY, AND INTEREST ON SUCH DEBT WHEN DUE; AND SHALL THE
PROCEEDS OF ANY SUCH DEBT AND THE REVENUES FROM SUCH TAXES AND
ANY OTHER REVENUES USED TO PAY SUCH DEBT, AND INVESTMENT EARNINGS
THEREON, BE COLLECTED, RETAINED, AND SPENT BY THE DISTRICT AS A
VOTER -APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING,
REVENUE -RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X,
SECTION 20 OF THE COLORADO CONSTITUTION, OR ANY OTHER LAW WHICH
PURPORTS TO LIMIT THE DISTRICT'S REVENUES OR EXPENDITURES AS IT
CURRENTLY EXISTS OR AS IT MAY BE AMENDED IN THE FUTURE, AND WITHOUT
LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE
COLLECTED, RETAINED AND SPENT BY THE DISTRICT?
YES:
NO:
BALLOT ISSUE 6U (Water — Revenue)
SHALL KITELEY. `RANCH METROPOLITAN DISTRICT DEBT BE INCREASED
$30,000,000, WITH A REPAYMENT COST OF $165,000,000, SUCH DEBT TO CONSIST
OF BONDS OR OTHER OBLIGATIONS, INCLUDING CONTRACTS, ISSUED OR
INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR
ANY PART OF THE COSTS OF ACQUIRING, CONSTRUCTING, RELOCATING,
INSTALLING, COMPLETING, AND OTHERWISE PROVIDING, WITHIN OR WITHOUT
THE BOUNDARIES OF THE DISTRICT, A COMPLETE POTABLE AND NON -POTABLE
WATER SUPPLY, STORAGE, TRANSMISSION, AND DISTRIBUTION SYSTEM,
TOGETHER WITH ALL NECESSARY, INCIDENTAL, AND APPURTENANT FACILITIES,
EQUIPMENT, LAND, AND EASEMENTS, AND EXTENSIONS OF AND
IMPROVEMENTS TO SAID FACILITIES, SUCH DEBT TO BEAR INTEREST AT A NET
EFFECTIVE INTEREST RATE NOT IN EXCESS OF 15% PER ANNUM, SUCH INTEREST
TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND
PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD OF
DIRECTORS, SUCH DEBT TO BE SOLD AT ONE TIME OR FROM TIME TO TIME IN
ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL
AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE
DISTRICT BOARD OF DIRECTORS MAY DETERMINE, INCLUDING PROVISIONS FOR
REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT
OF PREMIUM IN AN AMOUNT DETERMINED BY THE DISTRICT BOARD OF
DIRECTORS, SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS
OF THE DISTRICT, INCLUDING THE REVENUES DERIVED FROM THE OPERATION
OF ANY OF THE DISTRICT'S FACILITIES OR PROPERTIES; AND SHALL THE
PROCEEDS OF ANY SUCH DEBT AND ALL REVENUE USED TO PAY SUCH DEBT,
AND INVESTMENT INCOME THEREON, BE COLLECTED AND SPENT BY THE
DISTRICT AS A VOTER -APPROVED REVENUE CHANGE WITHOUT REGARD TO ANY
SPENDING, REVENUE -RAISING, OR OTHER LIMITATION CONTAINED WITHIN
ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION, AND WITHOUT
LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE
COLLECTED AND SPENT BY THE DISTRICT?
YES:
NO:
BALLOT QUESTION 6A (Public Transportation Authority)
SHALL KITELEY RANCH METROPOLITAN DISTRICT BE AUTHORIZED TO
EXERCISE THE POWER TO ESTABLISH, MAINTAIN, AND OPERATE A SYSTEM TO
TRANSPORT THE PUBLIC BY BUS, RAIL, OR ANY OTHER MEANS OF
CONVEYANCE, OR ANY COMBINATION THEREOF, AND MAY THE DISTRICT
CONTRACT TO UNDERTAKE SUCH ACTIVITIES?
YES:
NO:
BALLOTS MUST BE RECEIVED BY 7:00 P.M. ON ELECTION DAY
NOVEMBER 7, 2023 AT:
KITELEY RANCH METROPOLITAN DISTRICT
c/o ICENOGLE SEAVER POGUE, P.C.
4725 SOUTH MONACO STREET, SUITE 360
DENVER, COLORADO 80237
COLORADO
Department of Local Affairs
Division of Local Government
NOTICE OF FILING OF SPECIAL DISTRICT SERVICE PLAN
Pursuant to CRS 32-1-202(1), the County Clerk and Recorder or Municipal Clerk shall notify
the Division of Local Government within five days after the filing of a service plan for the
formation of a new Special District. Please provide the information indicated and return
this form to the Division of Local Government.
Petitioner Information
Kiteley Ranch Metropolitan District September 20, 2023
Name of Proposed District Filing Date
Metropolitan Districts
Type of Proposed District
Esther E. Gesick
Clerk to the Board
Weld County Board of County
Commissioners
Approving Authority Receiving Plan
egesick@weld.gov
(970)400-4226
Contact Person Filing Service Plan Phone/Email
Hearing Information'
Weld County Administration Building, 1150 0 Street, Greeley, CO 80631
Location of Hearing
9:00 a.m.
Time of Hearing
Clerk Signature
(November 20, 2023 - Initial to Set Hearing)
December 6, 2023
Date of Hearing
9/28/2023
Date
'Pursuant to C.R.S. 32-1-202(1) the board of county commissioners shall provide written notice of the
date, time, and location of the hearing on the service plan to the division. Hearing information may be
provided when submitting this notice of filing of service plan if known.
DLG 60 (Rev. 4/21)
Governor Jared S. Polls I Rick M. Garcia, Executive Director I Chantal Unfug, Division Director
1313 Sherman Street, Room 521, Denver, CO 80203 P 303.864.7720 TDD/TTY 303.864.7758 www.dola.colorado.gov
Strengthening Colorado Communities
Esther Gesick
From:
Sent:
To:
Cc:
Subject:
Attachments:
Esther Gesick
Thursday, September 28, 2023 11:58 AM
Margaret Vigil - DOLA
Esther Gesick; Bruce Barker; Karin McDougal; Tom Parko Jr; Ryan Rose; Cheryl Pattelli;
Alicia J. Corley
Notice of Filing of Special District Amended and Restated Service Plan - Kiteley Ranch
Metro District
Form DLG-60_Kiteley Ranch Metro District_signed.pdf
Hello Margaret,
Please see the attached Notice of Filing. Please let me know if you have any questions or need anything further.
Regards,
Esther E. Gesick
Clerk to the Board
1150 O Street/P.O. Box 758(Greeley, CO 80632
tel: (970) 400-4226
Confidentiality Notice: This electronic transmission and any attached documents or other writings are intended only for the person or entity to which it is addressed
and may contain information that is privileged, confidential or otherwise protected from disclosure. If you have received this communication in error, please
immediately notify sender by return e-mail and destroy the communication. Any disclosure, copying, distribution or the taking of any action concerning the contents
of this communication or any attachments by anyone other than the named recipient is strictly prohibited.
•
ICENOGLE BEAVER POGUE
September 18, 2023
Weld County
Attn: Ms. Esther E. Gesick, Clerk to the Board of County Commissioners
P.O. Box 758
Greeley, CO 80632
RE: Kiteley Ranch Metropolitan District
Amended and Restated Service Plan
To Whom It May Concern:
RECEIVED
SEP 2 0 2023
WELD COUNTY
COMMISSIONERS
Enclosed please find a check in the amount of $500.00 made payable to your office
representing the processing fee for the Amended and Restated Service Plan for Kiteley Ranch
Metropolitan District that was submitted to your office on September 13, 2023.
Should you have any questions, please do not hesitate to contact our office.
Sincerely,
ICENOGLE SEAVER POGUE
A Professional o s o
/AJC
Enclosures
cc: Jennifer L. Ivey (via email)
Alicia J. Corley (via email)
4725 S. Monaco St., Suite 360
J %e Martinez
Legal Assistant
Denver, CO 80237 I 303.292.9100 I fax 303.292.9101
www.isp-law.com
SDoIa4
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