Aspen Hills Metropolitan District

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

Aspen Hills Metropolitan District is a local government that provides certain public improvements and services for the Aspen Hills 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.

Maximum Debt Authorization

The District is authorized by its Service Plan to issue debt to fund the public improvements, estimated to be $1,698,565 in general obligation bonds and/or revenue bonds, subject to electoral authorization.  The District issued its General Obligation Limited Tax Convertible to Unlimited Tax Bonds, Series 2004, in the aggregate principal amount of $1,100,000; and Refunding Loan in the amount of $2,037,000, on December 23, 2020.

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