SLC Metropolitan Districts No. 1-4

SLC METROPOLITAN DISTRICT NOs. 1-4

2023 ANNUAL REPORT

As required by Section 32-1-207(3)(c), C.R.S. and pursuant to Section VIII of the Service Plans for SLC Metropolitan District Nos. 1, 2, 3 and 4 (hereinafter referred to as “District No. 1”, “District No. 2”, “District No. 3”, “District No. 4”, and collectively as the “Districts”) approved by the City of Aurora, Colorado, on August 5, 2019, we present the following report of the Districts’ activities from January 1, 2023 to December 31, 2023.

1.              Boundary changes made or proposed to the Districts’ boundaries as of December 31, 2023. 

·           District No. 1 – No boundary changes were made or proposed;

·           District No. 2 – exclusion of approximately 101.67 acres (Recorded Amended Order for Exclusion Nunc Pro Tunc to October 26, 2023, see Reception No. E4017649 of the Adams County Clerk and Recorder Real Property Record);

·           District No. 3 – inclusion of approximately 171.988 acres (Recorded Amended Order for Inclusion Nunc Pro Tunc to October 26, 2023, see Reception No. E4017652 of the Adams County Clerk and Recorder Real Property Record); and

·           District No. 4 – exclusion of approximately 70.318 acres (Recorded Order for Exclusion, see Reception No. E3075431 of the Adams County Clerk and Recorder Real Property Record)

2.              Intergovernmental Agreements with other governmental entities, either entered into, proposed, or terminated as of December 31 of the prior year. 

Eighth Amendment to ARTA Establishment Agreement. The Districts acknowledged the Eighth Amendment to ARTA Establishment Agreement by and among the Aurora Regional Transportation Authority, HM Metropolitan District Nos. 1, 3, 4, 5, 6, 7, 8 and 9; Fitzsimons Village Metropolitan District Nos. 1, 2 and 3; Harvest Crossing Metropolitan District Nos. 1, 2, 3, and 4; Sagebrush Farm Metropolitan District Nos. 1, 2, 3, 4, 5 and 6; Abilene Station Metropolitan District Nos. 1 and 2; Park70 Metropolitan District; EastPark70 Metropolitan District; ACC Metropolitan District; Waterstone Metropolitan District Nos. 1 and 2;  Bristol Metropolitan District; Aurora High Point at DIA Metropolitan District; Colorado International Center Metropolitan District Nos. 3, 4 and 5; East Bend Metropolitan District; Sky Dance Metropolitan District Nos. 1 and 2; TBC Metropolitan District; Powhaton Road Metropolitan District Nos. 8, 9, 10 and 11; MJC Metropolitan District; and Tollgate Creek Commons Metropolitan District Nos. 1 and 2, effective September 27, 2022.

3.              Copies of the Districts’ rules and regulations, if any, as of December 31, of the prior year.  The Districts have not adopted any rules and regulations. In the event the Districts adopt rules and regulations in the future, such documents may be accessed at the offices of McGeady Becher P.C., 450 E. 17th Avenue, Suite 400, Denver, CO 80202, 303-592-4380.

4.              A summary of any litigation which involves the Districts’ Public Improvements as of December 31 of the prior year.  To our knowledge, there is no litigation involving the Districts’ public improvements.

5.              Status of the Districts’ construction of the Public Improvements as of December 31 for the prior year (2023). 

·                  Construction of 13th Avenue from New Picadilly to Old Picadilly Rd;

·                  Improvements to regional detention pond and sitewide detention facilities;

·                  Improvements to the Picadilly / Colfax Avenue intersection;

·                  Tract B Drainage Channel;

·                  New Picadilly Road Improvements from Colfax to Old Picadilly; and

·                  Lisbon St. south of 13th Avenue to end of current development.

6.              A list of all facilities and improvements constructed by the Districts that have been dedicated to and accepted by the City as of December 31 of the prior year (2023). 

·                  Lisbon Street between Colfax Avenue and 13th Avenue;

·                  13th Avenue from Lisbon to New Picadilly;

·                  The below utilities:

1.     Filing 1 (219254)

§  Water main (20-046W & 20-072W, both have been initially accepted); and

§  Private water line (P20-073W, has been initially accepted).

2.     Filing 2 (221258)

§  Sewer (21-055S, has been initially accepted);

§  Storm sewer (21-052SS, has been initially accepted);

§  Water main (21-087W, has been initially accepted); and

§  Detention Channel (22-012SS, has reached final acceptance).

3.       Filing 3 (222049)

§   Water main (22-107W & 22-048W, both have reached final acceptance);

§   Private water (P22-024W & P22-023W, both have reached final acceptance);

§   Sewer (22-040S, has reached final acceptance); and

§   Storm Sewer (22-031SS, has been initially accepted)

7.              The assessed valuation of the Districts for the current year.  The Districts’ final assessed valuations for 2023 are as follows:

·       District No. 1: $123;

·       District No. 2: $24,883,940;

·       District No. 3: $55,438,986; and

·       District No. 4: $755,519

8.              Current year budgets including a description of the Public Improvements to be constructed in such year.  Public improvements anticipated to be constructed in 2024 include the following: Traffic Signal at Lisbon and Colfax.

9.              Audit for the Districts’ financial statements, for the year ending December 31 of the previous year, prepared in accordance with generally accepted accounting principles or audit exemption, if applicable. 

10.           Notice of any uncured events of default by the Districts, which continue beyond a ninety (90) day period, under any Debt instrument.  To our knowledge, there are no uncured events of default by the Districts which continue beyond a ninety (90) day period. The Districts have not issued Debt as of December 31, 2023.

11.           Any inability of the Districts to pay its obligations as they come due, in accordance with the terms of such obligations, which continue beyond a ninety (90) day period.  To our knowledge, the Districts have been able to pay their obligations as they come due.

*For accessibility purposes, this is an alternate conforming version of the 2023 Annual Report

The Transparency Notices for the Districts can be accessed on the Special District Association website:

https://www.sdaco.org/special-district-transparency-notice/sda-transparency/search/p/S