District Overview (per Sec. 32-1-104.5(3)(a)(X), C.R.S.)

The Hills at Cherry Creek Metropolitan District is a local government that provides certain public improvements and services for the Hills at Cherry Creek subdivision community.

Public Improvements and Services

The District is authorized by the Special District Act and its Service Plan to provide various public improvements and services, including landscaping, parks and recreation capital improvements, and mosquito control.

Maximum Debt Authorization

The District is authorized by its Service Plan to issue a maximum of $1,800,000 in general obligation bonds and/or revenue bonds.  The District issued its General Obligation Limited Tax Refunding Bonds, Series 2005, in the aggregate principal amount of $1,800,000 on December 29, 2005 for acquisition, construction, and installation of certain public improvements. The District then issued its General Obligation Refunding Bonds, Series 2015, in the aggregate principal amount of $1,610,000 on June 30, 2015 for the purpose of advance refunding the outstanding Series 2005 bonds, except for the principal amount of $30,000 due December 1, 2015.

Authorized Sources for Debt Repayment

The District is authorized to repay its general obligation debt from any and all legally available revenues of the District, including general ad valorem taxes, fees, rates, tolls, penalties, and charges.

Maximum Mill Levy for Debt Repayment

The District’s electoral authorization establishes a floating mill levy for operations, which is limited to $127,000 annually. The debt repayment mill levy is unlimited subject to the service plan and electoral authorization.

Board Member Qualifications

The District holds regular elections for board members on the first Tuesday after the first Monday in May of each odd-numbered year. A person is qualified to be a candidate if they are a registered to vote under the Colorado Uniform Election Code of 1992 and are either (1) a resident of the District, or (2) the owner (or spouse or civil union partner of an owner) of taxable real or personal property within the District.  People interested in a position on the District’s Board of Directors may contact the District’s legal counsel for further information:

Seter, Vander Wall & Mielke, P.C.
7400 E. Orchard Road, Suite 3300
Greenwood Village, CO 80111
Phone: (303) 770-2700
Email: svw@svwpc.com