Marvella 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;

(j) Water;

(k) Covenant enforcement and design review.

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

(a) Fire protection (subject to certain limitations);

(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 (subject to certain limitations);

(i) Transportation;

(j) Water; and

(k) Covenant enforcement and design review

The District has completed all construction of public improvements.

The District provides the following ongoing services on behalf of the District: operation and maintenance of pool facilities; trash and recycling services; landscaping and snow removal services; operation and maintenance of pet waste stations; and covenant enforcement and design review services.

3.      In accordance with the District’s Service Plan, the total amount of debt the District can incur to provide and pay for public infrastructure is Six Million Dollars ($6,000,000).

4.      In accordance with the District’s Service Plan, the following revenue may be used to pay for the District's debt:  The District may impose a mill levy on taxable property within its boundaries as a primary source of revenue for repayment of debt services and for operations and maintenance. The District may also relay upon various other revenue sources as authorized by law. At the District’s discretion, these may include the power to assess fees, rates, tolls, penalties, or charges as provided in Section 32-1-1001(1), C.R.S., as amended from time to time. The District was also authorized to impose and collect a Development Fee prior to the issuance of certificate of occupancy for newly construction residences.

5.      In accordance with the District’s Service Plan, the maximum mill levy the District may assess to pay for its debt is: fifty (50) mills, provided that if, on or after January 1, 2005, there are changes in the method of calculating assessed valuation or any constitutionally mandated tax credit, cut or abatement; 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 after January 1, 2005, are neither diminished nor enhanced as a result of such changes. For purposes of the foregoing, a change in the ratio of actual valuation shall be deemed to be a change in the method of calculating assessed valuation.

6.      Residents 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.