District Overview
District Overview (per Sec. 32-1-104.5(3)(a)(X), C.R.S.)
Sage Pointe Metropolitan District is a local government that provides certain public improvements and related operation and maintenance services for the Sage Pointe community.
Public Improvements and Services
The District is authorized by the Special District Act and its Service Plan to provide various public improvements and related operation and maintenance services, including water, sanitation, streets & drainage.
Maximum Debt Authorization
The District is authorized by its Service Plan to issue a maximum of $18,000,000 in debt, 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, fees, rates, penalties, and charges.
Maximum Mill Levy for Debt Repayment
The District’s Service Plan imposes a Maximum Debt Mill Levy of 75 mills and a Maximum Aggregate Mill Levy of 100 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