Ravenna Metropolitan District

In accordance with Section 32-104.5(3)(X), C.R.S., the following general explanation in plain, nontechnical language, is provided.  This information is intended to be read in conjunction with all applicable legal requirements, governing documents, agreements, resolutions, and determinations of the Board of Directors of the District.

1.             A metropolitan district is a special district that provides any two or more of the following services:

(a) Fire protection;

(b) Mosquito control;

(c) Parks and recreation;

(d) Safety protection;

(e) Sanitation;

(f) Solid waste disposal facilities or collection and transportation of solid waste;

(g) Street improvement;

(h) Television relay and translation;

(i) Transportation; and

(j) Water.

2.       In accordance with the District’s Service Plan, as amended, the District may provide the following public improvements and services:

(a)    Streets;

(b)    Traffic and Safety Controls

(c)    Water;

(d)    Sanitary Sewer and Storm Drainage

(e)    Television Relay

(f)     Park and Recreation;

(g)    Mosquito Control;

(h)    Security; and

(i)     Covenant Enforcement.

The District has undertaken or anticipates undertaking the construction, acquisition and installation of roadway improvements, emergency access roads, street landscaping, street lighting, monumentation, signage, safety control, water, sanitary sewer, stormwater, television relay, mosquito control and park and recreation improvements and facilities.

The District provides or will provide for the ongoing maintenance of roadway improvements, emergency access roads, street landscaping, street lighting, monumentation, signage, park and recreation facilities, television relay, mosquito control, water, sanitary sewer and stormwater facilities, within and without the boundaries of the District that are not otherwise dedicated to other governmental entities.

3.       In accordance with the District’s Service Plan, as amended, the total amount of debt the District can incur to provide and pay for public infrastructure is as follows:

The total general obligation debt of the District shall not exceed $40,000,000. 

4.       In accordance with the District’s Service Plan, as amended, the following revenue may be used to pay for the District’s debt: 

The District intends to rely on property taxes as a source of revenue, together with facility fees in the amount of Five Thousand Dollars ($5,000.00) per single family unit.

5.       In accordance with the District’s Service Plan, as amended, the maximum mill levy that the District may assess to pay for its debt is as follows:

A maximum Total Mill Levy of 80 mill is authorized for debt service needed to support the restructure of the District’s bonds (the restructure of the District’s bonds occurred in 2017, which were subsequently refunded in 2023) and to support the District’s operations and maintenance expenses.

Any and all contractual obligations to levy general ad valorem property taxes for the payment of any bonds or other obligations payable from the District’s property taxes will be limited to annual as valorem mill levy (a mill being 1/10 of 1¢) not to exceed 70.000 mills (the “Limited Debt Mill Levy”).  The Limited Debt Mill Levy may be adjusted to take into account legislative or constitutionally imposed adjustments in assessed values or the method of their calculation, and 2015 shall be the base year for calculation of any adjustments.

6.       Residents within the District may serve on the Board of Directors of the District if they are eligible electors of the District. A resident is an eligible elector of the District if the resident lives within the boundaries of the District and is registered to vote in Colorado.