General District Description
District Overview (per Sec. 32-1-104.5(3)(a)(X), C.R.S.)
Aberdeen Metropolitan District No. 1 is a local government that provides certain public improvements and services for the Aberdeen 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 streets and safety controls, street lighting, landscaping, storm drainage, water, sewer, television relay, park and recreation, transportation, and mosquito control improvements, and other improvements needed for the area. The District’s current services are limited to financing completed public improvements and limited drainage maintenance services.
Maximum Debt Authorization
The District is authorized by its Service Plan to issue debt to fund the public improvements, estimated in the total amount of $34,266,825 in general obligation bonds and/or revenue bonds, 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.
Maximum Mill Levy for Debt Repayment
The District’s Service Plan imposes a Mill Levy Cap of 50 mills subject to adjustment as described in the 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 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