General Information About the District

 
The Ash Meadows Metropolitan District (District), a quasi-municipal corporation and political subdivision of the State of Colorado, was organized by order and decree of the District Court for Adams County on May 22, 2014, and is governed pursuant to provisions of the Colorado Special District Act (Title 32, Article 1, Colorado Revised Statutes). The District operates under a service plan approved by the City of Thornton (the City) in April 2014. The District’s service area boundaries solely encompass the 56 townhome units on the north side of Leyden Street within the Ash Meadows subdivision. The 55 townhome units on the south and west side of Leyden Street ARE NOT located within the District's boundaries.

The District was created by Century Communities for the intent of providing various services to the 56 townhome units including (1) enforcement of the covenants, (2) maintenance of the landscaping surrounding the Units, (3) maintenance of the alleyways, sidewalks and park and (4) enforcement of parking rules applicable to the alleyways.

 

DISTRICT REVENUE SOURCES


In order to fund the provision of services to Ash Meadows residents, the District generates revenue from the following sources:

Property Taxes: Each year, the District assesses property taxes on the 56 townhome units within the Ash Meadows Metro District. Property tax assessments is the District's primary source of revenue and currently comprises approximately 94% of the District's total annual revenue. Restrictions exist within the District's Service Plan on how much property tax revenue the District can collect to fund its annual operations.

On May 6, 2014, the electors of the District authorized the District to collect, spend, and retain all revenues, without regard to the limitations contained in Article X, Section 20 of the Colorado constitution. Additionally, the District’s voters approved authorization to increase property taxes up to $1 million annually to pay for the operations and maintenance expenditures of the District. Further, the District’s Service Plan limits the number of mills to be levied for operations and maintenance to 85.000 mills based on a 8.796% ratio of taxable valuation to assessed valuation of real property and no exemptions to actual property values. The ratio for 2025 is 6.700% with a $55,000 valuation exemption per residential lot, which caused the Maximum Mill Levy for 2025 to be 115.594.

State Tax Subsidies: Each year, the District receives a "specific ownership tax" subsidy from the State of Colorado. The State funds this subsidy from its collection of annual vehicle registration fee taxes paid by owners of Colorado-registered vehicles. The subsidy is paid out in the form of a matching contribution to the District and is calculated as a percentage of the total property taxes assessed by the District. The State establishes the rate each year for matching contributions. A historic trend of the matching rates set by the State is provided in Exhibit 1.
Graph- State Subsidy Match Rate

Interest Income: State laws restrict the types of funds in which the District may invest its cash.  For the past several years, the District's investment income has been an insignificant source of revenue to the District due to the low interest rates paid by banks on savings accounts and certain low-risk money market funds.

District Contractors

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