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

Serratoga Falls Metropolitan District No. 3 is a local government that provides certain public improvements and services to the property within the Serratoga Falls community.

Public Improvements and Services

The District is authorized by the Special District Act, the Amended and Restated Model Service Plan for Serratoga Falls Metropolitan District Nos. 1 and 3 (“Amended and Restated Service Plan”) and the Amendment to the Amended and Restated Service Plan, to provide various public improvements and services, including, but not limited to, landscaping operations and maintenance, covenant enforcement, and design review. The District’s current services are limited to financing the landscaping operations and maintenance.

Maximum Debt Authorization

The District is authorized by the Amended and Restated Service Plan to issue debt for the public improvements in the total principal aggregate amount of $16,000,000, subject to electoral authorization.

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, subject to limitations set forth in the Amended and Restated Service Plan.

Maximum Mill Levy for Debt Repayment

The District’s Amended and Restated Service Plan imposes a Maximum Debt Mill Levy of 50 mills, subject to adjustment as described in the Amended and Restated Service Plan.

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 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