About
Welcome to Waterstone Metropolitan District No. 1. The website contains contact information about management, meeting schedules and documents for the district.
Metropolitan districts are local governments that finance public improvements and provide services to promote the health, safety, prosperity, security, and general welfare of the inhabitants of the districts and the people of the state of Colorado. Metropolitan districts fill the gaps that may exist in services that other local governments will not provide, and the services residents may desire. The Waterstone Metropolitan District No. 1 (the “District”) helped finance the following improvements: water transmission lines, storm sewer, sanitary sewer transmission lines, streets, traffic safety protection, and parks and recreation improvements. The Waterstone Homeowners’ Association provides operations and maintenance for the parks, landscaping, detention ponds, and open space. It also provides covenant enforcement and design review services.
Pursuant to the District’s Service Plan, approved by the City of Aurora on August 22, 2005 (the “Service Plan”), the District is authorized to issue debt not to exceed $50,000,000 and impose a maximum debt mill levy of 50 mills, subject to adjustment, as defined in the Service Plan, for repayment of such debt. The Service Plan authorizes the repayment of debt from the following sources: ad valorem taxes and other sources permitted by law, including fees, rates, tolls, penalties and charges.
The Board of Directors (the “Board”) governs the District. Board members are elected for four-year terms. During election years, the District must provide the Call for Nominations to the electors of the District noting the Board seats up for election. If an owner or resident would like to run for a Board seat up for election, he or she must submit a self-nomination form to the Designated Election Official by the applicable deadline as provided in the Call for Nominations. When a vacancy occurs on the Board between elections, an owner or resident may contact the District in which he or she resides and request to submit a letter of interest to be appointed to the Board. When an individual is appointed to the Board, the term for that appointment runs to the next regular election.
To qualify as a director of a district, a person must be an “eligible elector” which is defined as a registered voter of Colorado and either: (1) a resident of the District, or (2) the owner (or the spouse or civil union partner of the owner) of taxable real or personal property located within the District. A person who is under contract to purchase taxable property and is obligated to pay taxes prior to closing is also considered an “owner.”
The District files its annual report for the prior year with the City of Aurora.
Legal Counsel
Clint C. Waldron, Esq.
Phone
303-858-1800
Address
White Bear Ankele Tanaka & Waldron, P.C.,
2154 East Commons Avenue
Suite 2000
Centennial, Colorado, 80122