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23-26 Approving Consolidated Service Plan Denmore Metropolitan District Nos. 1-5 03-08-2023
RESOLUTION NO. 23-26 A RESOLUTION OF THE BOARD OF TRUSTEES OF THE TOWN OF FIRESTONE, COLORADO, APPROVING A CONSOLIDATED SERVICE PLAN FOR THE DENMORE METROPOLITAN DISTRICT NOS. 1-5 WHEREAS, the Board of Trustees of the Town of Firestone ("Board") has received a request to review and approve the Consolidated Service Plan ("Service Plan") for Denmore Metropolitan District Nos. 1-5 ("Districts"); and WHEREAS, following notice as required by law, the Board conducted a public hearing on the request on March 8, 2023, and now desires to approve the Service Plan. THEREFORE, BE IT RESOLVED BY THE BOARD OF TRUSTEES OF THE TOWN OF FIRESTONE, COLORADO: Section 1. The Board of Trustees of the Town of Firestone finds that: (a) The Service Plan for the Districts was filed in the office of the Planning and Development Department of the Town of Firestone; and (b) Pursuant to statute, the Board of Trustees of the Town of Firestone has authority to review the Service Plan with reference to need, service and economic feasibility; and (c) The Board of Trustees of the Town of Firestone has reviewed the Service Plan, the evidence and related exhibits, and has determined that the same meets the municipal approval criteria under the Special District Act, and, therefore, has determined to adopt a resolution of approval of the Service Plan for the Districts. Section 2. Upon consideration of the Service Plan for the Districts, and evidence presented at the public hearing on the Service Plan, the Board of Trustees of the Town of Firestone does find, determine and declare, as required by § 32-1-203(2), C.R.S., as follows: (a) That there is sufficient existing and projected need for organized service in the area to be serviced by the Districts; (b) That the existing service in the area to be served by the Districts is inadequate for present and projected needs; (c) That the Districts are capable of providing economical and sufficient service to the area within its proposed boundaries; and (d) That the area to be included in the Districts has, or will have, the financial ability to discharge the proposed indebtedness on a reasonable basis. Section 3. In accordance with C.R.S. § 32-1-204.5(1)(c), the Board of Trustees hereby approves the Service Plan for the Districts, as set forth in Exhibit A to this Resolution, subject to and contingent upon compliance with the following condition: (a) The Districts shall not be authorized to issue Debt until the Districts have reimbursed the Town for all the charges and fees it has incurred with its attorneys and consultant relating to their review of the Service Plan as approved herein. If any of the above -stated conditions are not met, the Town may revoke its approval of the Service Plan by subsequent resolution and pursue all legal and equitable remedies available to it for failure of compliance with such conditions of approval. INTRODUCED, READ AND ADOPTED this —L day of MG(& , 2023. TOWN OF FIRESTONE, COLORADO Drew Peterson, Mayor ATTEST: _ ri. tiK. Bashor, CMC, Town Clerk AP ROVED T FORM: iam . H �i, Town Attomey 2 EXHIBIT A Service Plan CONSOLIDATED SERVICE PLAN FOR DENMORE METROPOLITAN DISTRICT NOS. 1-5 TOWN OF FIRESTONE, COLORADO Prepared By WHITE BEAR ANKELE TANAKA & WALDRON ATTORNEYS AT LAIN 2154 East Commons Avenue, Suite 2000 Centennial, Colorado 80122 (303) 858-1800 Approval Date: March 8, 2023 TABLE OF CONTENTS I. INTRODUCTION...........................................................................................................1 A. Purpose and Intent, a 0 0 0 a 0 0 4 4 4 * 0 & 6 0 1 0 0 0 0 4 0 a a a 6 4 a a 6 0 0 0 6 6 4 0 6 a 0 4 A 4 6 4 0 4 4 a & a a a 0 6 & 6 6 a 4 a 0 a a * a 6 6 a a a a a a a I a a a 0 a a 6 a a a a 4 a 1 0 0 9 a a 1 Be Need for the Districts, a 6 6 a 6 6 4 6 4 6 6 a a 6 a a I a a a 6 6 a a 0 a a a a a 0 a a a a 4 0 a 0 a a * a * 4 a a 0 a a 6 6 a 0 0 4 a a 0 0 0 a a a a a a a 4 4 4 a a a a a a a 0 a a a a a a a 6 c 8 a a 1 Co Objective of the Town Regarding the Service Plan, a a a 9 4 0 4 a a a 4 6 0 0 4 a 0 a 4 a a 0 6 0 a a 9 0 0 a 4 4 a a a a 4 0 0 a a 1 0 a 0 1 D. Consultants, a 4 4 4 0 a * 0 0 0 a & a a 4 4 a a a 0 0 0 0 4 4 * 6 0 4 0 0 0 4 0 0 a a a & a a a a a I a I a a a a & a a a a 0 6 0 2 9 0 a 4 0 a 4 4 9 a 6 6 a 4 6 a 6 a a a 6 a a 0 6 6 0 06600044a a *4 2 II. DEFINITIONS................................................................................................................ 2 III. BOUNDARIES................................................................................................................ 5 IV. PROPOSED LAND USE, PROJECTED POPULATION PROJECTIONS AND CURRENT ASSESSED VALUATION..............................................................5 V. DESCRIPTION OF PROPOSED POWERS, IMPROVEMENTS ANDSERVICES............................................................................................................ 6 A. Powers of the Districts and Service Plan Amendment. *00666164 **88806*66*9 41 6 B. Preliminary Engineering Survey, 10 Co Multiple District Structure......,,,,, 0 0*040gaov 9040 a assets toots** toots at 0#00444 0 asset 9 too all l l VI. FINANCIAL PROVISIONS........................................................................................ 11 A. General. 0 ad 60*0060 so&a*66609*0 *902 *094 *0 affs000400066060 6020 0 a 0 a * a 0 0 0 0 0 9 0 0 0 9 9 a a 9 a a 4 0 0 9 9 a 9 a s W a a a a 9 a 0 9 a a a 0 a 9 0 9 0 9 a 0 11 Be Maximum Voted Interest Rate and Maximum Underwriting Discount. . a a a I a 6 4 a a 2 4 A 12 C. Mill Levies. ....a 66*44664122 606600222 Soto 0 0 a a 0 9 a 2 4 0 a 4 0 * & a a 0 4 0 a 9 0 9 9 9 0 * 0 0 a a * 0 0 0 W 0 0 4 1 V a a I I s a a a a a 1 9 4 a 0 0 9 4 a 12 D. Debt Parameters, 4 * & 6 4 4 4 4 4 4 & 6 6 6 9 4 4 4 6 a & 4 a 6 a a a a a a 6 6 6 6 a 6 a & 1 0 a 0 A a 6 a a 4 6 a A 4 a 4 4 a 4 6 a 4 a 4 9 4 4 9 0 a 4 4 0 9 W 9 9 a 4 0 a I a a I a 0 a a a a s a 4 a 9 9 1 4 13 E. Debt Instrument Disclosure Requirement........................................................... 14 F. Privately Placed Debt Limitation, at& 0 064644*4*4 6964***@ 60666a 14 G. TABOR Compliance..........................................................................................4 15 H. Districts' Organizational Costs and Operation and Maintenance Costs. 15 I. Town O&M MITI Levy........................................................................................ 16 VII. ANNUAL REPORT...................................................................................................... 16 A. General................................................................................................................16 Be Reporting of Significant Events, s1*eoo99o%40 as 006 ease 66464ea*444 &to** a a a a 6 4 4 4 16 VIII. DISSOLUTION.............................................................................................................17 IX. DISCLOSURE NOTICES, a 4 0 0 0 4 4 * 0 9 0 0 a 0 0 4 8 5 4 a a a 1 4 9 8 0 1 0 a 0 0 0 9 0 a 4 4 4 a a 0 a 0 0 9 0 0 0 0 0 4 * * a 4 a 6 4 * * * 0 4 9 a 4 a a 6 a a 4 4 0 0 4 a a a a a a 4 4 4 a 6 4 4 a 17 X. INTERGOVERNMENTAL AGREEMENT, a 0 0 a a & 4 0 a a a 4 a 6 0 0 4 4 4 4 0 4 4 4 4 4 4 6 a 4 a 4 6 a a a a a 6 0 a a a a a a a a a a 6 0 a 0 4 * a 6 sea 18 XI. NON-COMPLIANCE WITH SERVICE PLAN ........................................................ 19 XII. CONCLUSION..............................................................................................................19 E LIST OF EXHIBITS EXHIBIT A Vicinity Map EXHIBIT B Initial Boundary Map and Legal Description EXHIBIT C Financial Plan EXHIBIT D Capital Plan -List of Public Improvements EXHIBIT D-1 List of Regional Improvements EXHIBIT E Disclosure Notice EXHIBIT F Intergovernmental Agreement ii I. INTRODUCTION A. Purpose and Intent. The Districts are independent units of local government, separate and distinct from the Town. The primary purpose of the Districts will be to finance the construction of the Public Improvements. The Districts will provide ongoing operation and maintenance services as specifically set forth in this Service Plan and in the Intergovernmental Agreement between the Town and the Districts. This Service Plan is intended to accommodate the phasing of the Project and the infrastructure needs of each phase. This Service Plan, including all exhibits hereto, supersedes all prior service plans and service plan amendments. B. Need for the Districts. There are not currently other governmental entities, including the Town, located in the immediate vicinity of the Districts, that consider it desirable, feasible, or practical to undertake the planning, design, acquisition, construction, installation, relocation, redevelopment, and financing of the Public Improvements needed for the Project. The Districts are therefore necessary in order for the Public Improvements required for the Project to be provided in the most economic manner possible. C. Objective of the Town Re ag rdin� the Service Plan. The Town's objective in approving the Service Plan for the Districts is to authorize the Districts to provide for the planning, design, acquisition, construction, installation, relocation, and redevelopment of the Public Improvements from the proceeds of Debt to be issued by the Districts. All Debt is expected to be repaid by taxes imposed and collected at a mill levy no higher than the Maximum Debt Mill Levy and collected for no longer than the Maximum Debt Mill Levy Imposition Term, as the same may be increased as set forth in Section VI.C.1; by Fees as limited by Section V.A.20; and/or by Special Assessments as set forth in Section V.A.21. This Service Plan is intended to establish a limited purpose for the Districts and explicit financial constraints that are not to be violated under any circumstances. The primary purpose of the Districts is to provide the Public Improvements associated with development pursuant to the Approved Development Plan. The Districts shall dissolve upon payment or defeasance of all Debt incurred or upon a court determination that adequate provision has been made for the payment of all Debt, except that if the Districts have ongoing operation and maintenance functions, the Districts shall not be required to dissolve. Additionally, if the Boards of Directors of the Districts determine that the existence of the Districts is no longer necessary to accomplish the purposes set forth in this Service Plan, the Boards of Directors of the Districts shall promptly effectuate the dissolution of the Districts. The Districts are authorized to finance the Public Improvements that can be funded from Debt which is to be repaid fiom Fees, Special Assessments, or tax revenues collected fiom a mill levy, which shall not exceed the Maximum Debt Mill Levy imposed and collected for the Maximum Debt Mill Levy Imposition Term, as well as other legally available sources of revenue, and to maintain certain of the Public Improvements as set forth in this Service Plan and the Agreement with the Town. It is the intent of this Service Plan to assure to the 1 extent possible that no property bear an economic burden that is greater than that associated with revenues from the Maximum Debt Mill Levy, the Maximum Operation and Maintenance Mill Levy, Fees, and Special Assessments, even under bankruptcy or other unusual situations. Generally, the costs of Public Improvements that cannot be funded within these parameters are not costs to be paid by the Districts. D. Consultants. This Service Plan has been prepared by the following: District Counsel Blair Dicichoner bdicle,honer@wbapc.com White Bear Ankele Tanaka & Waldron 2154 E. Commons Avenue, Suite 2000 Centennial, CO 80122 Underwriter Shelby Noble shelby.noble@psc.com Piper Sandler & Co. 1401 Lawrence St., Suite 1600 Denver, CO 80202 II. DEFINITIONS District Engineer Derek Brown dbrown@manhard.com Manhard Consulting 7600 East Orchard Road, Suite 150-N Greenwood Village, CO 80111 In this Service Plan, the following terms shall have the meanings indicated below, unless the context hereof clearly requires otherwise: ApUroved Development Plan: means a development plan, subdivision development agreement, final plat, or other land use application process established by the Town for the Project as approved in its final form by the Town pursuant to the Town Code, as may be amended from time to time pursuant to the Town Code, that identifies, among other things, the Public Improvements necessary for facilitating development of property within the District Boundaries. Board or Boards: means any one or all of the boards of directors of the Districts. Capital Plan: means the Capital Plan described in Section V.B. which includes a list of the Public Improvements financed by the Districts and the cost of the Public Improvements. C.R.S.: means the Colorado Revised Statutes, as the same may be amended from time to time. Debt: means bonds, notes, debentures, certificates, capital leases, or other multiple fiscal year obligations for the payment of which the Districts have promised to impose an ad valorem property tax mill levy. District or Districts: means any one or all of the Denmore Metropolitan District Nos. 1 through 5 inclusive. 2 District Boundaries: means the property within the Initial Boundaries, as such may be adjusted from time to time in accordance with this Service Plan. End User: means any owner, or tenant of any owner, of any taxable improvement within the Districts who is intended to become burdened by the imposition of ad valorem property taxes subject to the Maximum Debt Mill Levy. By way of illustration, a resident homeowner, renter, commercial property owner, or commercial tenant is an End User. A person or entity that constructs homes or commercial structures with the intention of selling to others is not an End User, External Financial Advisor: means a consultant that: (i) advises Colorado governmental entities on matters relating to the issuance of securities by Colorado governmental entities, including matters such as the pricing, sales, and marketing of such securities and the procuring of bond ratings, credit enhancement, and insurance in respect of such securities; (ii) shall be an underwriter, investment banker, or individual listed as a public finance advisor in the Bond Buyer's Municipal Market Place; and (iii) is not an officer or employee of the Districts and has not been otherwise engaged to provide services in connection with the transaction related to the applicable Debt. If the Districts have engaged a municipal adviser that meets the foregoing criteria and has a fiduciary duty to the Districts, the municipal adviser may fill the role of the External Financial Advisor. Fees: means any fee, rate, toll, penalty, or charge imposed or received by the Districts for services, programs, or facilities provided by the Districts, as described in Section V.A.20 below. Financial Plan: means the Financial Plan described in Section VI and attached as Exhibit C, which describes how the Public Improvements are expected to be financed and how the Debt is expected to be incurred. Initial Boundaries: means the boundaries of the Districts' area described in the Initial Boundary Map and Legal Description, attached hereto as Exhibit B. Intergovernmental Agreement: means the intergovernmental agreement between the Districts and the Town, a form of which is attached hereto as Exhibit F. The Intergovernmental Agreement may be amended from time to time by the Districts and the Town. Maximum Debt Mill Levy: means the maximum mill levy the Districts are permitted to impose for payment of Debt as set forth in Section VLC.1 below. Maximum Debt Mill Levy Imposition Terrn: means the period of time, commencing upon the date when the Districts first issue any debt, in which the Districts' Debt mill levy maybe imposed as set forth in Section VLD.6 below. Maximum Operation and Maintenance Mill Levy: means the maximum mill levy the Districts are permitted to impose for payment of Operation and Maintenance Costs. Mill Levy Adjustment: means, if, on or after January 1, 2023, there are changes in the method of calculating actual valuation, assessed valuation or any constitutionally or legislatively mandated tax credit, cut or abatement, the Maximum Debt Mill Levy and the Maximum Operation and Maintenance Mill Levy may be increased or decreased to reflect such changes, such increases and decreases to be determined by the Boards in good faith (such determination to be binding and final), so that to the extent possible, the actual tax revenues generated by the applicable mill levy, as adjusted for changes occurring on or after January 1, 2023, are neither diminished nor enhanced as a result of such changes. For purposes of the foregoing, a change in how actual valuation is calculated or a change in the ratio of actual valuation shall be deemed to be a change in the method of calculating assessed valuation. Operation and Maintenance Costs: means (1) planning and design costs of Public Improvements identified by the Districts as being payable from its operation and maintenance mill levy; (2) the costs of repair, replacement, and depreciation of the Public Improvements; (3) the costs of any covenant enforcement and design review services, or other services, programs, and facilities the Districts may provide; and (4) the costs of ongoing administrative, accounting, and legal services to the Districts. Project: means the development or property commonly referred to as "Denmore." Public Improvements: means a part or all of the improvements authorized to be planned, designed, acquired, constructed, installed, relocated, redeveloped, and financed by the Districts as generally described in the Special District Act and in accordance with an Approved Development Plan, except as specifically limited in Section V below, which improvements benefit the property within the Project and/or the District Boundaries, and which improvements will serve the future taxpayers and inhabitants of the property within the Project and/or the District Boundaries, as determined by the Boards of the Districts. Regional Improvements: means those Public Improvements required by an Approved Development Plan for the Project that: (a) lie outside the District Boundaries, and (b) have a regional benefit beyond the Project to properties not included within the Districts, as more specifically contemplated in, but not limited by, Exhibit D- 1 of this Service Plan, Service Plan: means this Service Pian for the Districts approved by Town Board. Service Plan Amendment: means an amendment to the Service Plan approved by Town Board in accordance with the Town's ordinance and the applicable state law. Special Assessment: means the levy of an assessment within the boundaries of a special improvement district pursuant to Section V.A.21 below. q ecial District Act: means Title 32, Article 1 of the Colorado Revised Statutes, as amended from time to time. State: means the State of Colorado. Taxable Property: means real or personal property which is subject to ad valorem taxes imposed by the Districts. Town: means the Town of Firestone, Colorado, Town Board: means the Town Board of Trustees of the Town of Firestone, Colorado. Town Code: means the Town Code of the Town of Firestone, Colorado. Total Debt Limit: means seventy-one million dollars ($71,000,000) which Total Debt Lirnit includes all Debt issued by the Districts for Public Improvements. Town O&M Mill Levy: means three (3) mills, to be imposed and collected by the Districts in accordance with Section VLI below for purposes of defraying the Town's ongoing operation and maintenance expenses associated with Public Improvements within or without the boundaries of the Districts and which directly benefit the taxpayers, property owners, and residents of the Districts. III. BOUNDARIES A Vicinity Map depicting the Project is attached hereto as Exhibit A. The area of the Initial Boundaries includes approximately 143.461 acres, and the legal description and map of the Initial Boundaries are set forth in Exhibit B. It is anticipated that the Districts' boundaries may change from time to time as they undergo inclusions and exclusions pursuant to Section 32-1401, C.R.S., and Section 3241 501, C.R.S., subject to the limitations set forth in Section V.A.12-13 below. IV. PROPOSED LAND USE, PROJECTED POPULATION PROJECTIONS AND CURRENT ASSESSED VALUATION The property within the District Boundaries consists of approximately 143.461 acres. The population of the District Boundaries at build -out is estimated to be approximately 2055 people. The current assessed valuation of the property within the District Boundaries is zero dollars ($0.00) for purposes of this Service Plan, and the assessed value of the property within the District Boundaries at build -out is expected to be sufficient to reasonably discharge the Debt under the Financial Plan attached hereto as Exhibit C. Approval of this Service Plan by the Town does not imply approval of the development of a specific area within the District Boundaries, nor does it imply approval of the number of residential units or the total site/floor area of commercial or industrial buildings identified in this Service Plan or any of the exhibits attached thereto, which approvals shall be as set forth in an Approved Development Plan. Approval of this Service Plan by the Town in no way releases or relieves the developer of the Project, or the developer, landowner, or subdivider of any property within the District Boundaries, or any of their respective successors or assigns, of obligations to construct public improvements for the Project or of obligations to provide to the Town such financial guarantees as may be required by the Town to ensure the completion of the Public Improvements, or of any other obligations to the Town under the applicable Approved Development Plan, the Town Code or any applicable annexation agreement, subdivision agreement, or other agreements affecting the Project property or development thereof. V. DESCRIPTION OF PROPOSED POWERS, IMPROVEMENTS AND SERVICES A. Powers of the Districts and Service Plan Amendment, The Districts have the power and authority to provide the Public Improvements and related operation and maintenance services as such power and authority are described in the Special District Act and other applicable statutes, common law, and the Constitution, subject to the limitations set forth herein, in the Approved Development Plan, and in the Intergovernmental Agreement. 1. Operation and Maintenance Limitation. The purpose of the Districts is to plan for, design, acquire, construct, install, relocate, redevelop, and finance the Public Improvements. The Districts shall dedicate the Public Improvements and Regional Improvements to the Town or other appropriate jurisdiction in a manner consistent with the Approved Development Plan, the Intergovernmental Agreement, and other rules and regulations of the Town and applicable provisions of the Town Code. The Districts are authorized, but not obligated, to own, operate, and maintain Public Improvements not otherwise required to be dedicated to the 5 Town or other public entity, including, but not limited to street improvements (including roads, curbs, gutters, culverts, sidewalks, bridges, parking facilities, paving, lighting, grading, landscaping, and other street improvements), traffic and safety controls, retaining walls, park and recreation improvements and facilities, trails, open space, landscaping, drainage improvements (including detention and retention ponds, trickle channels, and other drainage facilities), irrigation system improvements (including wells, pumps, storage facilities, and distribution facilities), and all necessary equipment and appurtenances incident thereto. Notwithstanding the foregoing, all parks, trails, and open space not otherwise dedicated to the Town and owned by the Districts shall be open to the general public free of charge. The Districts may provide covenant enforcement, design review services and other services to the residents, owners, and taxpayers within the Districts pursuant to and in accordance with § 3241 1004(8) C.R.S. The Districts may impose a mill levy, Special Assessments, and/or Fees to pay for Operation and Maintenance Costs in accordance with this Service Plan and the Intergovernmental Agreement. 2. Fire Protection Limitation. The Districts shall not be authorized to plan for, design, acquire, construct, install, relocate, redevelop, finance, operate, or maintain fire protection facilities or services, unless such facilities and services are provided pursuant to an intergovernmental agreement with the Town and the Frederick -Firestone Fire Protection District. The authority to plan for, design, acquire, construct, install, relocate, redevelop, or finance fire hydrants and related improvements installed as part of the water system shall not be limited by this provision. 3. Television Relay and Translation Limitation, Mosquito Control, and Other Limitations. Unless such facilities and services are provided pursuant to the Intergovernmental Agreement, the Districts shall not be authorized to plan for, design, acquire, construct, install, relocate, redevelop, finance, operate, maintain, or provide: (a) any television relay and translation facilities and services, other than for the installation of conduit as a part of a street construction project; (b) any mosquito control facilities and services; and (c) any solid waste disposal, collection, and transportation facilities and services. 4. Limitation on Extraterritorial Service. The Districts shall be authorized to provide services or facilities outside the Initial Boundaries or to establish fees, rates, tolls, penalties, or charges for any services or facilities only in accordance with an Approved Development Plan, the Intergovernmental Agreement, or other agreement to which the Town is a party or otherwise gives its written consent, as evidenced by resolution of the Town Board of Trustees. 5. Telecommunication Facilities. The Districts agree that no telecommunication facilities shall be constructed except pursuant to the Intergovermmental Agreement and that no such facilities owned, operated, or otherwise allowed by the Districts shall affect the ability of the Town to expand its public safety telecommunication facilities or impair existing telecommunication facilities. 6. Construction Standards Limitation, The Districts will ensure that the Public Improvements constricted by the Districts are designed and constructed in accordance with the standards and specifications of the Town and of other governmental entities having proper jurisdiction. The Districts will obtain the approval of civil engineering plans from the appropriate jurisdiction and will obtain applicable permits for constriction and installation of Public Improvements prior to performing such work. 7. Zoning and Land Use Requirements. The Districts shall be subject to all of the Town's zoning, subdivision, building code, and other land use requirements. 8. Growth Limitations. The voter -approved growth limitations, even though such Districts and the realization of District revenue. Town shall not be limited in implementing Board- or actions may reduce or delay development within the 9. Conveyance. The Districts agree to convey to the Town, upon written notification from the Town and at no cost to the Town, any interest in real property owned by the Districts that is necessary, in the Town's sole discretion, for any Town capital improvement projects for transportation, utilities, or drainage, so long as such conveyance does not interfere with the Districts' ability to construct, operate, and/or maintain Public Infrastructure, as the same may be limited by this Service Plan, 10. Eminent Domain. The Districts shall not be authorized to exercise, nor shall it use the power of eminent domain, except as otherwise provided pursuant to an intergovernmental agreement with the Town. 11. Water Rights/Resources Limitation. The Districts shall not acquire, own, manage, adjudicate, or develop potable water rights or resources except for the sole purpose of transferring such water rights to the Town or to another governmental entity at the direction of the Town. The Districts may be permitted to construct, finance, operate, and maintain a non- potable water system for the development and may be permitted to own, manage, adjudicate, and develop the non -potable water rights which will be used in such non - potable system, only if required or authorized by an intergovernmental agreement with the Town, separate and distinct from the Intergovernmental Agreement. Provided however that nothing herein shall prohibit the Districts from reimbursing the developer of the Project for the costs of raw water. 12. Inclusion Limitation. From time to tune, it may be necessary for the Districts to adjust their respective boundaries and each District may process inclusions of property without providing notice to the Town as long as such property being included is within the Initial Boundaries. Without prior written notice to the Town, the Districts shall not include into their boundaries any property outside of the Initial Boundaries. No property will be included within the Districts at any time unless such property has been annexed into the Town's corporate limits. 13. Exclusion Limitation. From time to time, it may be necessary for the Districts to adjust their respective boundaries and each District may process exclusions of property without providing notice to the Town as long as such property being excluded is within the Initial Boundaries. Any exclusion of property located outside of the Initial Boundaries shall require prior written notice to the Town. The Districts shall not exclude from their boundaries property upon which a Debt mill levy has been imposed for the purpose of the inclusion of such property into another district that has been or will be formed under the Special District Act, without the prior written consent of the Town, as evidenced by resolution of the Town Board of Trustees. 14. Overlap Limitation. The boundaries of a District shall not overlap with any other District if such overlap will cause the District's mill levy to exceed the Maximum Debt Mill Levy or the Maximum Operation and Maintenance Mill Levy. 15, Total Debt Issuance Limitation. The Districts shall not issue Debt in excess of the Total Debt Limit. The Total Debt Limit shall not be applicable to refitnding or refinancing of Debt authorized to be issued pursuant to the Service Plan, unless the principal amount of the refunding bonds exceeds the principal amount originally issued, in which case the difference shall count against the Total Debt Limit. At no time during its existence shall the Districts have Debt outstanding in excess of the Total Debt Limit. 16. Sales and Use Tax, The Districts shall not exercise their Town sales and use tax exemption. 17. Monies from Other Governmental Sources. The Districts shall not apply for or accept Conservation Trust Funds, Great Outdoors Colorado Funds, or other fiends available from or through governmental or non-profit entities that the Town is eligible to apply for, except pursuant to the Intergovernmental Agreement. This Section shall not apply to specific ownership taxes which shall be distributed to and be a revenue source for the Districts, without any limitation. 18. Consolidation Limitation. consolidate with another Title 32 district without the resolution of the Town Board of Trustees. The Districts shall not file a request with any Court to prior written consent of the Town, as evidenced by 19. Subdistrict Limitation. The Districts shall not create any subdistrict pursuant to Section 3244101, C.R.S. without the prior written consent of the Town, as evidenced by resolution of the Town Board of Trustees. 20. Fees. If authorized by the Intergovernmental Agreement, the Districts may impose and collect Fees for services, programs, or facilities furnished by the Districts, and may from time to time increase or decrease such fees, and may use the revenue from such fees for the repayment of Debt, capital costs, or Operation and Maintenance Costs and for the payment of any indebtedness of the Districts. 21. Special Assessments. If authorized in the Intergovernmental Agreement, the Districts may establish one or more special improvement districts within their District Boundaries and may levy a Special Assessment with the special improvement district in order to finance all or part of the costs of any Public Improvements to be constructed or installed that the Districts are authorized to finance. 22. Revenue Bonds Limitation. The Districts shall not issue revenue bonds, except as set forth in this Section. At least 63 days prior to issuing any revenue bonds, the issuing District must provide notice of its intent to issue revenue bonds to the Town Manager. At least 35 days prior to issuing any revenue bonds, the issuing District must submit all relevant details of such issuance to the Town Manager, including the proposed documents pursuant to which such revenue bonds will be issued. On or before the date of issuance of any revenue bonds, the issuing District must provide the Town with a copy of the general counsel opinion addressed to the District which states that the District is not required by law to amend the Service Plan to effectuate the issuance of the revenue bonds. 23. Public Improvement Fee and Sales Tax Limitation. The Districts shall not impose, collect, receive, spend, or pledge to any Debt any fee, assessment, tax, or charge, which is collected by a retailer in the Districts on the sale of goods or services by such retailer and which is measured by the sales price of such goods or services, except as provided pursuant to an agreement with the Town approved by the Town Board. 24. Banlcruptcy Limitation. All of the limitations contained in this Service Plan, including, but not limited to, those pertaining to the Maxirnurn Debt Mill Levy, the Maximum Operation and Maintenance Mill Levy, and Fees have been established under the authority of the Town to approve a Service Plan pursuant to Section 32-1-204.5, C.R.S. It is expressly intended that such limitations: a. Shall not be subject to set -aside for any reason or by any court of competent jurisdiction, absent a Service Plan Amendment; and b. Are, together with all other requirements %J Colorado law, included in the "political or governmental powers" reserved to the State under the U.S. Banlauptcy Code (I I U.S.C.) Section 903, and are also included in the "regulatory or electoral approval necessary under applicable bankruptcy law" as required for confirmation of a Chapter 9 Bankmptcy Plan under Banlauptcy Code Section 943(b)(6). The filing of any bankruptcy petition by any District shall constitute, simultaneously with such filing, a material departure of the express terms of this Service Plan, thus necessitating a material modification that must be submitted to the Town for its consideration as a Service Plan Amendment, 25. Reimbursement Agreement. If the Districts utilize reimbursement agreements to obtain reimbursements from third -party developers or adjacent landowners for costs of improvements that benefit third -party landowners, such agreements shall be done in accordance with Town Code. If a reimbursement agreement exists or is entered into for an improvement financed by the Districts, any and all resulting reimbursements received for such improvement shall be deposited in the Districts' debt service fund and used for the purpose of retiring the Districts' debt. 26. Service Plan Amendment Requirement. This Service Plan has been designed with sufficient flexibility to enable the Districts to provide required services and facilities under evolving circumstances without the need for numerous amendments. Actions of any District which violates the limitations set forth in V.A. above or in VILC or VILD shall be deemed to be material modifications to this Service Plan and the Town shall be entitled to all remedies available under State and local law to enjoin such actions of the District. B. Preliminary En inking SuzveY. The Districts have the authority to provide for the plaruring, design, acquisition, construction, installation, relocation, redevelopment, maintenance, and financing of the Public Improvements. A Capital Plan, including a list of the Public Improvements developed by the Districts and the cost of the Public Improvements is attached hereto as Exhibit D. The Districts shall be authorized to construct Public Improvements that shall be more specifically defined in each applicable Approved Development Plan, the Intergovernmental Agreement, or other agreement to which the Town is a party or otherwise gives its written consent, as evidenced by resolution of the Town Board of Trustees. The estimated costs of the Public Improvements and Regional Improvements which may be planned for, designed, acquired, constructed, installed, relocated, redeveloped, maintained, or financed was prepared based upon a preliminary engineering survey and estimates derived from the zoning on the property within the Districts and is approximately fifty-eight million, six hundred sixty-four thousand, one hundred ninety-nine dollars and fifty-two cents ($58,664,199.52). All of the Public Improvements constructed by the Districts will be designed in such a way as to assure that the Public Improvements standards will be compatible with those of the Town and shall be in accordance with the requirements of the Approved Development Plan. All construction cost estimates are based on the assumption that construction conforms to applicable local, State, or Federal requirements. C. Multiple District Structure. It is anticipated that the Districts, collectively, will undertake the planning, design, acquisition, construction, installation, and financing of the Public Improvements and Regional Improvements contemplated herein. Specifically, the Districts may enter into one or more intergovernmental agreements governing the relationship between and among the Districts with respect to the planning, design, acquisition, construction, installation, and financing of the Public Improvements and Regional Improvements contemplated herein and with respect to the administration, operation, and maintenance of the Districts. Such intergovernmental agreements between and among the Districts, and all amendments thereto, shall be designed to help assure the orderly development of the Public Improvements and Regional Improvements and essential services in accordance with the requirements of this Service Plan. To the extent the Districts enter into an intergovernmental agreement that constitutes a Debt, such intergovernmental agreement shall have a term of no longer than forty (40) years from its effective date. Upon the expiration of its term, any intergovernmental agreement constituting Debt shall be of no further effect and the associated Debt shall be fully discharged and no longer an obligation of the District. VI. FINANCIAL PROVISIONS A. General. The Districts are authorized to provide for the planning, design, acquisition, construction, installation, relocation, and/or redevelopment of the Public Improvements from its revenues and by and through the proceeds of Debt to be issued by the Districts. The Districts may impose a mill levy on taxable property within their boundaries as a primary source of revenue for repayment of Debt and for Operation and Maintenance Costs. The Districts may also rely upon various other revenue sources authorized by law. At the Districts' discretion, these may include the power to assess Fees as provided in Section 32-1-l001(1), C.R.S., as amended from time to time and as limited by Section V.A.20 above, and the Districts may impose Special Assessments as provided in Section 3244101.7, C.R.S. and in accordance with Section V.A.21, above. The Financial Plan for the Districts, which is attached hereto as Exhibit C, reflects that the Districts will issue no more Debt than the Districts can reasonably expect to pay from revenues derived from the Maximum Debt Mill Levy, Fees, Special Assessments, and other legally available revenues. The Districts may issue such Debt on a schedule and in such year or years as the Districts determine shall meet the needs of the Financial Plan referenced above and phased to serve development as it occurs. B. Maximum Voted Interest Rate and Maximum Underwriting Discount. The interest rate on any Debt is expected to be the market rate at the time the Debt is issued. In the event of a default, the proposed maximum interest rate on any Debt is not expected to exceed eighteen percent (18%). The proposed maximum underwriting discount will be four percent (4%). Debt, when issued, will comply with all relevant requirements of this Service Plan, State law, and Federal law as then applicable to the issuance of public securities. C. Mill Levies. 1. The Maximum Debt Mill Levy, which shall be subject to a Mill Levy Adjustment, is the maximum mill levy the Districts are permitted to impose upon the taxable property within the Districts for payment of Debt. The Maximum Debt Mill Levy for each District shall be fifty (50) mills, subject to a Mill Levy Adjustment, for so long as the total amount of aggregate Debt of a District imposing its Maximum Debt Mill Levy, combined with the Debt of any District that is pledging its Maximum Debt Mill Levy to the same 10 debt service obligations, exceeds fifty percent (50%) of the combined assessed valuation of the particular Districts. It is anticipated that the Districts will undertake the planning, design, acquisition, construction, installation, development, and financing of certain Regional Improvements as described in Exhibit D4 and required by an Approved Development Plan for the Project, and any additional regional improvements the Districts agree to address. It is expected that prior to financing and construction of the Regional Improvements, the Town and the developer of the Project will enter into an agreement whereby the parties agree to share the costs of the Regional Improvements. However, if such agreement is not reached, the Maximum Debt Mill Levy the Districts are permitted to impose for the payment of Debt may, be increased to sixty (60) mills, subject to a Mill Levy Adjustment. At such time as the total amount of aggregate Debt of a District imposing its Maximum Debt Mill Levy, combined with the Debt of any District that is pledging its Maximum Debt Mill Levy to the same debt service obligations, is equal to or less than fifty percent (50%) of the Districts' assessed valuation, either on the date of issuance of any Debt or at any time thereafter, the mill levy to be imposed to repay such portion of Debt shall not be subject to the Maximum Debt Mill Levy and, as a result, the mill levy may be imposed at such a rate as is necessary to pay the Debt service on such Debt, without limitation of rate increase; provided, however, that after any conversion to an unlimited mill levy, the Districts shall not issue additional Debt that would cause the aggregate Debt to exceed 50% of the Districts' then -assessed value. For the purposes of the foregoing, the Boards may further provide that such Debt shall remain secured by such increased mill levy, notwithstanding any subsequent change in the Districts' Debt to assessed value ratio. 2. The Maxirnurn Operation and Maintenance Mill Levy, which shall be subject to a Mill Levy Adjustment, shall be the maximum mill levy the Districts are permitted to impose upon the taxable property within the Districts for payment of Operation and Maintenance Costs, and shall be 60.000 mills until such time that the Districts issue Debt. After the Districts issue Debt, the Maximum Operation and Maintenance Mill Levy shall be 10.000 mills, subject to the Mill Levy Adjustment. The Maximum Operation and Maintenance Mill Levy shall apply to the Districts' ability to increase their mill levy as necessary for provision of operation and maintenance services to their taxpayers and service users until such time as End Users cast the majority of affirmative votes taken by the Districts' Boards of Directors at a meeting authorizing an increase of such Maximum Operation and Maintenance Mill Levy, at which time the mill levy may be such amount as is necessary to pay the Operation and Maintenance Cost. For avoidance of doubt, the imposition of the 10-mill operation and maintenance mill levy shall be in addition to the Maximum Debt Mill Levy and the Town's operation and maintenance mill levy. D. Debt Parameters. 1. All Debt issued by the Districts must be issued in compliance with the requirements of Section 32-1-1101, C.R.S. and all other requirements of State law. On or before the effective date of approval of an Approved Development Plan by the Town, the Districts shall not: (a) issue any Debt; (b) impose a mill levy for the payment of Debt by direct imposition or by transfer of funds from the operating fund to the Debt service funds; (c) impose and collect any Fees used for the purpose of repayment of Debt; or (d) levy any Special Assessments. 2. At least 63 days prior to issuing any Debt, the issuing District must provide notice of its intent to issue Debt to the Town Manager. At least 35 days prior to issuing any Debt, the issuing District must submit all relevant details of such issuance to the Town Manager, including the proposed documents pursuant to which such Debt will be issued. On or before the date of issuance of any Debt, the issuing District 11 must provide the Town with a copy of the general counsel opinion addressed to the District which states that the District is not required by law to amend the Service Plan to effectuate the issuance of the Debt. 3. The Districts shall not pledge any revenue or property of the Town as security for the indebtedness set forth in this Service Plan. Approval of this Service Plan shall not be construed as a guarantee by the Town of payment of any of the Districts' obligations, nor shall anything in the Service Plan be construed so as to create any responsibility or liability on the part of the Town in the event of default by the Districts in the payment of any such obligation. 4. The Districts shall not issue Debt in excess of the Total Debt Limit, which Total Debt Limit includes any Debt issued for Public Improvements; provided that the foregoing shall not include the principal amount of Debt which has been refinanced or refunded unless the principal amount of the refunding bonds exceeds the principal amount of the bonds to be refunded, in which case the difference shall count against the Total Debt Limit, 5. Any Debt issued by the Districts with a pledge or which results in a pledge that exceeds the Maximum Debt Mill Levy (subject to the Mill Levy Adjustment) shall be deemed a material modification of this Service Plan pursuant to Section 3241 207, C.R.S. and shall not be an authorized issuance of Debt unless and until such material modification has been approved by the Town as part of a Service Plan Amendment. The Town shall be entitled to all remedies available at law to enjoin such actions of the Districts, including the remedy of enjoining the issuance of additional authorized but unissued debt, until such material modification is remedied. 6. The Maximum Debt Mill Levy Imposition Term shall not exceed forty (40) years from the date upon which the Districts first issues any Debt. Upon expiration of the Maximum Debt Mill Levy Imposition Term, the Districts shall not impose a levy for repayment of any and all Debt (or use the proceeds of any mill levy for repayment of Debt) on any single property within its District Boundaries, unless a majority of the Boards of Directors of the Districts are End Users and have voted in favor of a refunding of a part or all of the debt and such refunding will result in a net present value savings as set forth in Section 11-56-101, C.R.S.; et se . Any Debt, issued with a mill levy pledge or which results in a mill levy pledge, that exceeds the Maximum Debt Mill Levy Imposition term shall be deemed a material modification of this Service Plan and shall not be an authorized issuance of Debt unless and until such material modification has been approved by the Town by a service plan amendment. E. Debt Instrument Disclosure Requirement. In the text of each Bond and any other instrument representing and constituting Debt, the Districts shall set forth a statement in substantially the following form: By acceptance of this instrument, the owner of this Bond agrees and consents to all of the limitations in respect of the payment of the principal of and interest on this Bond contained herein, in the resolution of the Districts authorizing the issuance of this Bond and in the Service Plan for creation of the Districts. Similar language describing the limitations in respect of the payment of the principal of and interest on Debt set forth in this Service Plan shall be included in any document used for the offering of the Debt for sale to persons, including, but not limited to, a developer of property within the boundaries of the Districts. 1 2 F. Privately Placed Debt Limitation. Prior to the issuance of any privately placed Debt, the Districts shall obtain the certification of an External Financial Advisor substantially as follows: We are [I am] an External Financial Advisor within the meaning of the Districts' Service Plan. We [I] certify that (1) the net effective interest rate (calculated as defined in Section 32-1-103(12), C.R.S.) to be borne by [insert the designation of the Debt] does not exceed a reasonable current [tax- exempt] [taxable] interest rate, using criteria deemed appropriate by us [me] and based upon our [my] analysis of comparable high yield securities; and (2) the structure of [insert designation of the Debt], including maturities and early redemption provisions, is reasonable considering the financial circumstances of the Districts. For purposes of this Section, "privately placed debt" includes any Debt that is sold to a private entity, including financial institutions, developers, or other private entities, and which no offering document related to such sale is required. "Privately placed debt" does not include the sale of Debt to an underwriter who purchases Debt from the Districts with a view to the distribution to investors of Debt. In no event shall Debt that is privately placed with a developer or owner of the property to be benefitted with Public Improvements bear interest at a rate that accrues at a compounding rate. Each instrument evidencing Debt or an annually appropriated obligation that is privately placed with a developer or owner of the property to be benefitted with Public Improvements shall provide that the Districts' obligations thereunder shall be discharged 40 years after the date that such obligation is issued regardless of whether such obligation is paid in full. G. TABOR Compliance. The Districts will comply with the provisions of TABOR. In the discretion of the Boards, the Districts may set up other qualifying entities to manage, fund, construct, and operate facilities, services, and programs. To the extent allowed by law, any entity created by the Districts will remain under the control of the Districts' Boards, and any such entity shall be subject to and bound by all terms, conditions, and limitations of the Service Plan and the Intergovernmental Agreement. H. Districts' Organizational Costs and Operation and Maintenance Costs. The Districts' Organizational Costs, including the estimated engineering services, legal services, and administrative services, together with the estimated costs of the Districts' organization and initial operations, are eligible for reimbursement from Debt proceeds. In addition to the capital costs of the Public Improvements, the Districts will require operating funds for Operation and Maintenance Costs including administration and to plan and cause the Public Improvements to be constructed and maintained, and for ongoing administrative, accounting, and legal costs. I. Town O&M Mill Levy. Commensurate with the initial imposition of a debt service mill levy, the Districts hereby agree that they shall impose the Town O&M Mili Levy. The Districts' obligation to impose and collect the revenues from the Town O&M Mill Levy shall begin when the Districts first impose a debt service mill levy and shall not be 13 required to be imposed prior to such date. The Districts' imposition of a Town O&M Mill Levy shall be memorialized in the Intergovernmental Agreement required by Section X below. The revenues received from the Town O&M Mill Levy shall be remitted to the Town annually or in accordance with the specific timeframe referenced in the Intergovernmental Agreement. Revenues generated by the Town O&M Mill Levy and the Districts' obligation to remit said revenues to the Town on an annual basis, as required by this Service Plan and the Intergovernmental Agreement, shall not be included within or subject to the Total Debt Limit. The Town O&M Mill Levy shall be separate and apart from the Maximum Debt Mill Levy and the Maximum Operation and Maintenance Mill Levy. VII. ANNUAL REPORT A. General. The Districts shall be responsible for submitting an amlual report to the Town Clerlc no later than April 30t" of each year. B. Reportin�gnificant Events. The annual report shall include information as to any of the following, pursuant to Sections 32-1- 207(3)(c) and (d), C.R.S., as may be amended from time to time: 1. Boundary changes made or proposed to the Districts' boundaries as of December 31St of the prior year. 2. Intergovernmental agreements entered into or terminated with other governmental entities. 3. Copies of the Districts' rules and regulations, if any, as of December 31St of the prior year. 4. A summary of any litigation which involves the Public Improvements as of December 31St of the prior year. 5. Status of the Districts' construction of the Public Improvements as of December 31 st of the prior year. 6. A list of ail facilities and improvements constructed by the Districts that have been dedicated to and accepted by the Town or other service provider providing service to the property in the Districts, as of December 31St of the prior year. 7. The final assessed valuation of the Districts as of December 31 st of the prior year. 8. A copy of the current year's budget. 9. A copy of the audited financial statements, if required by the "Colorado Local Government Audit Law," part 6 of article 1 of title 29, or the application for exemption from audit, as applicable. Such audit shall be provided prior to October 31st of each calendar year. 14 10. Notice of any uncured events of default by the Districts, which continue beyond a ninety (90) day period, under any Debt instrument. 11. Any inability of the Districts to pay their obligations as they come due, in accordance with the terms of such obligations, which continue beyond a ninety (90) day period. VIII. DISSOLUTION Upon an independent determination of the Town Board that the purposes for which the Districts were created have been accomplished, the Districts shall dissolve upon payment or defeasance of all Debt incurred or upon a court determination that adequate provision has been made for the payment of all Debt, except that if the Districts have ongoing operation and maintenance functions the Districts shall not be required to dissolve. Such determination may be made with respect to any one or more individual Districts or the Districts as a whole, at the discretion of the Town Board. Additionally, if a Board of Directors of any of the Districts determines that the existence of that District is no longer necessary to accomplish the purposes set forth in this Service Plan, the Board of Directors of that District shall promptly effectuate the dissolution of that District. IX. DISCLOSURE NOTICES A. In order to notify future End Users who are purchasing residential lots or dwellings units in the District Boundaries that they will be paying, in addition to the property taxes owed to other taxing governmental entities, property taxes imposed by the Districts to pay Debt and Operation and Maintenance Costs, the Districts shall, prior to the issuance of Debt: 1. Prepare and submit to the Town Manager for his or her approval a written notice to purchasers of property within the Districts, in substantially the form attached hereto as Exhibit E (the "Disclosure Notice"). After approval of the Disclosure Notice by the Town Manager, the Districts shall record the Disclosure Notice in the Weld County Clerk and Recorder's Office against all property not already owned by an End User; and 2. Use reasonable efforts to assure that all builders of residential lots or dwellings units within the Districts provide the Disclosure Notice to each potential End User purchaser of a residential lot or dwelling unit in the District Boundaries before that purchaser enters into a written agreement for the purchase and sale of that residential lot or dwelling unit. B. To ensure that potential residential buyers are educated about the Districts, the Districts will also use reasonable efforts and due diligence to provide the Disclosure Notice to the developer or home builders for prominent display at all sales offices, and by inspecting the sales offices within the Districts' boundaries on a quarterly basis to assure the information provided is accurate and prominently displayed. C. In accordance with Section 324-104.5(3)(a), C.R.S., the Districts will create a public website on which the Districts will timely post information related to upcoming meetings and elections, and will make available relevant District documents and information, including, but not limited to, the service plan, Board meeting minutes, annual budgets, audits, and annual reports. D. The Districts will provide annual notice to all eligible electors of the Districts, in accordance with Section 32-1-809, C.R.S. In addition, the Districts shall record a District public disclosure 15 document and a snap of the District boundaries with the Clerk and Recorder of each County in which District property is located, in accordance with Section 32-1404.8, C.R.S. X. INTERGOVERNMENTAL AGREEMENT The form of the Intergovernmental Agreement, relating to the limitations imposed on the Districts' activities, is attached hereto as Exhibit F. The Districts shall approve the Intergovernmental Agreement at its first Board meeting after approval of this Service Plan, and shall deliver the executed Intergovernmental Agreement to the Town. The Intergovernmental Agreement may be amended from time to time by the Districts and the Town, and may include written consents and agreements of the Town as required throughout this Service Plan (e.g., amendments to address the Districts' imposition of Fees for services, programs or facilities furnished by the Districts pursuant to Section V.A.20 ("Fee Amendments")). Alternatively, such written consents of the Town may be obtained by the Districts without amending the Intergovernmental Agreement, and the Town and the Districts may execute additional written agreements concerning matters set forth in this Service Plan. In the event that the Districts propose any Fee Amendment to the Town, the Town Board shall make its determination as to such Fee Amendment in writing to the Districts within sixty (60) days after submittal of the Fee Amendment by the Districts, unless the Town and Districts mutually agree to a different date. XI. NON-COMPLIANCE WITH SERVICE PLAN In the event it is determined that the Districts have undertaken any act or omission which violates the Service Plan or constitutes a material departure from the Service Plan, the Town may pursue for such violation all remedies available at law or in equity, including without limitation affirmative injunctive relief to require the Districts to act in accordance with the provisions of this Service Plan. To the extent permitted by law, the Districts hereby waive the provisions of Section 324-207(3)(b), C.R.S., and agree they will not rely on such provisions as a bar to the enforcement by the Town of any provisions of this Service Plan. XII. CONCLUSION It is submitted that this Service Plan for the Districts, as required by Section 32-1-203(2), C.R.S., establishes that: 1. There is sufficient existing and projected need for organized service in the area to be serviced by the Districts; 2. The existing service in the area to be served by the Districts is inadequate for present and projected needs; 3. The Districts are capable of providing economical and sufficient service to the area within their proposed boundaries; and 4. The area to be included in the Districts has, or will have, the financial ability to discharge the proposed indebtedness on a reasonable basis. 16 EXHIBIT A Vicinity Map UCNM+ RE IVIC I MU ' LITAN U10 I I T NUMBER 1 THR U H ID t.1��.NH[. �:4T;.'Hn'' i i `Ili"' 1 iuc4 = dhPr7 tt. I � , 0 I I IF , i � h i �7� ll7 1LS3 � fid CPY r CT� H. � Lr-�i�L eiii Ei, =nri rEi� r� D, IF s `% a 1 rIF , PizI IF nr7 fwl 77 J F P tT 11np rll h �_• ,r,�a nn _ 7rw' If 4C IF Jii u ail ��ff r�LNu'. �� m C r,• u �rsL .� G rip _ m r� - n r; r�P , . ur�,ts �3 �. .j r I.d17CtL1. 9, ., i B IF Cf 7 u I I L r{ i i-1 l-T-"l E>:Nh+IT uuE .7 ,+E�;Ei-E��tT F_ �t atsE•,lE_ __�4+�.E�t. ?6tD Ea: -`.Orchard RtaH, E-itc tEQ-N, Grttr,5ccti :"Ciay_, +'+J SO i i oh?D3'C@.E=_G7 msn-.sd.ra- Z; Iv it Enplr,terCnp I 3urveylnp FLGcasFatlal Str•r lets 6Vattr RrsaIII r[c hhanaatr,ent I Con strucklon AJ;anaoem tnt VICINITY MAP TOWN OF FIRESTONE, WELD COUNTY, CO :na.rsan_ U.1l:J UHEET aanxN yr I F.� i e7 care: '' `T`m . = OF n`v ^ . A- 1 VICINITY MAP TOWN OF FIRESTONE, WELD COUNTY, CO :na.rsan_ U.1l:J UHEET aanxN yr I F.� i e7 care: '' `T`m . = OF n`v ^ . A- 1 EXHIBIT B Initial Boundary Maps and Legal Descriptions B-1 A PARCEL OF I®AND BEING A PORT[ON OF PARCEL 3 OF THE SPECIAL trVARRANTY DEE[� RECORDED AT RECEPTION NO, 4289404 IN THE WELD COUNTY OFFICE OF THE CLERK AND RECORDER, LOCATED IN THE SOUTHWEST QUARTER OF THE SOUTHEAST QUARTER OF SECTION 6, TOWNSHIP 2 NORTH, RANGE 67 WEST OF THE SIXTH PRINCIPAL [MERIDIAN, COUNTY OF WELD, STATE OF COLORADO, BEING MORE PARTICULARLY DESCRIBED AS FOLLOWS: BASIS OF BEAR[NGS: THE SOUTH LINE QF THE SOUTHEAST QUARTER (SE1ddj OF SAIQ SECTION 6 IS ASSUMED TO BEAR SOUTH 8I c48'45* EAST AND BEING MONUMENTED ON THE 4�+EST BY A 2,5" ALUMINUM CAP STAMPED, "LS 3116T IN MONUMENT BOX AND ON THE EAST BY A NO. 6 REBAR WITH A 3' BRASS CAP, STAMPING ILLEGIBLE, IN MONUMENT BOX; CC}flAMENC[NG AT THE SOUTH QUARTER CORNER OF SAID SECTION b, T1-IENCE NORTH 2W30'12" EAST, A DISTANCE OF 564.64 FEET TO THE POINT OF BEGINNING; THENCE N�iRTH 29`40°?-3" EAST, A D1$TAPJCF OF 25.00 FEET: THENCE SOUTH 64i"19'37" FAST, A DISTANCE OF AM) Al) FEET; THENCE SOUTH 29"40'23" WEST, A DISTANCE OF 25.00 FEET; THENCE NORTH 60'19'37" W+EST, A DISTANCE OF 100,00 FEET TO THE POINT OF BEGINNING. CONTAINING A CALCULATED AREA OF 2,600 SQUARE FEET OR 0,0574 ACRES, MORE OR LESS: UNIT OF MEASURE IS U.S, SURVEY FEET. I, DAVID J. BERc�LUND, A SURVEYOR LICENSEIO IN THE STATE OF COLORADO, DO HEREBY CERTIFY THAT THE At30VE pESCRIPTION AND ATTAOHED EXHIBIT 4VERI= PREPARED BY h,1E OR UNDER, MY DIRECT SUPERVISION AND CHECKING, 0 Jr" ►'' T f 'g 381�9 DAVID J. BERGLUND, P.L.S. 38199 FOR AND ON BEHALF OF MANHARD CONSULTING 7600 E, ORCHARD ROAD, SUITE 160—N lit GREENWOOD VILLAGE, COLORADO 80111 {303) 708mO5OO 2:?$2-�) 17 - P:'ST}:I,fsto�l��dw'i''15urv1fir�al Ura•r�in�s�,C.r?iiL•';ti Sur'u'tit.'e:oo IJiStdctVv9C) • i'STPrI.f5Cd01.��9-5210 hd[tan Cistrict__Des[ ��t}[K Short t of 2 ��lanhan� Cc;�,ulfiny .r5r�t� EGBG r_; ::.t`uM �iaad, .rir�itr. 15C:.�d, �recr�'r.00d Vi�laft�, Cf] �C7111 � :317;� it78.fJ50❑ martis;srd.cOm rem . � —�riti,°,-,—E I�� .,i_�,°, I E,, � 11, r,� r�a:'t�i J C?ENMtRE M�TRtipt�Ll I'.4N_DISTi21CT N, 1 �EBCRIP TlrviN A PARCEL cOF LAND BEING A P©RTICON cOF PARCEL 3 OF THE SPECIAL WARRANTY DEEtO REGORDED AT RECEPTION NO.4289404 IN THE WELD COUNTY OFFICE OF THE CLERK AND RECORDER, LOCATED IN THE SOUTHWEST QUARTER OF THE SOUTHEAST QUARTER OF SECTION 6, TOWNSHIP 2 NORTH, RANGE 67 WEST OF THE SIXTH PRINCIPAL MERIDIAN, COUNTY OF WELD, STATE OF COLORADO, BEING MORE PARTICULARLY DESCRIBED AS FOLLOWS: BASIS QF BEARINGS: THE SOUTH LINE OF THE SOUTHEAST QUARTER (SE1p4} OF SAID SECTION 6 IS ASSUMED TO BEAR SOUTH 8883 48'45" EAST AND BEING MONUMENTED ON THE WEST BY A 2,5" ALUMINUhA CAP STAMPED, "LS 31169" IN MONUMENT BOX AND ON THE EAST BY A NO. 6 REBAR WITH A 3" BRASS CAP, STAMPING ILLEGIBLE, IN MONUMENT BOX; COMNtENGING AT THE SOUTH QUARTER CORNER OF SAID SEG I"ION 6, THENCE NORTH 28"3012" EAST, A DISTANCE OF 564.64 FEET TO THE POINT OF BEGINNING; THENCE NORTH 29°4W23" EAST, A DISTANCE OF 25.00 FEET; THENCE SOUTH 60"19'37" EAST, A DISTANCE OF 100,GO FEET, THENCE SOUTH 2904D'23" WEST, A DISTANCE OF 25.00 FEET; THENCE NORTH 60"19137" WEST, A DISTANCE OF 100•CK) FEET TO THE POINT OF BEGINNING, CONTAINING A CALCULATED AREA OF 2,6:00 SQUARE FEET OR 0,0574 ACRES, MORE OR LESS. UNIT OF MEASURE IS U,S, SURVEY FEET. I, DAVID J, BERGLUNLO, A SURVEYOR LIC;ENSE[O IN THE STATE OF COLORADO, DO HEREI3Y CERTIFY THAT THE ABOVE LiESCRIPTION ANO ATTACHED EXHIBIT WERE PREPARED BY tv4E tOR UNDER MY DIRECT SUPERVISION AND CHECKING. �' 3i319$ DAVID J. BERGLUND, P.L.S. 89199 ' 0�7 dAI wz0*z FOR AND ON BEHALF OF MANHARD CONSULTING �f 7600 E, ORCHARD ROAD, SUITE 160,,N 911 ,`Y� GREENWOCOD VILLAGE, COLORADO 80111 �`�� ' �L LA�'O {303) 708=0500 )�j�7.f1777 - F:tiTp:itf5tU01�d4a'�,'4��iN,finaf UrawinP,sS,Cxiiil+-.ti 3ufvti,7.'eYr.� I7r•,,tficl�M�3 1�TP�I.FSCOOI:A7-52Jf1 rv4r}�n C.=istricl _DE3C.dOC.: Sheet B �F 2 �9anharr� Gcnsultinr� !�G'fi� (roar Cr�.,luan3 ("�aa4�i. �ni':C 'fSG+h�l• t��•rLr�r.,-.,od'txzlara�, C[7 [�t]'I1'7 � '�i73308.fJ�00 ms%sigard.corn F;{1,:E I Ay v `I i' r! Tyr, (�POINTOF dy ! BEGINNING fin r' }141 r C 2D dIJ ilk 1 ftl �F;f:l i SIIN.'vF'1 Fin I��hlNIURE M�TRC?I��LITAN L7►ISTRICT NO. 1 �,aClr7 1Q Q574 AC,,,) r Sr -::IAL r RFI:FFTrStq NO 4289141).t i r ! L t'NL" OF "f�E �SOUTHEAc.:l i oup4,RTEt* OF SE i s'i,l G 71 ;}tt' til il? 2 _ tr)R1Hi RANG, b' WFJ �^ Afi 44'4 E 2640 r' — ttt �PA„13 td _EAHIt1G9.} POINT OF fUVWIMJ=NCEMENT SOUTH QUARTER CORNER SECTION %, T2N, R57W RECOVERED 2.5" ALUMINUM CAP STAMPED, "LS 31169" IN MONUMENT BOX r.orE tQl OL't" N;J ;=PF ,:Flat 6 }vC ;.!l'S�7t II 3uf;VEY F} i� u fir• ��" f I'�aR ANO ON HEHkLF Off' MAt+lHRRO C'ONSULTtNG SOUTHER QEGTICYb! 5, i 241, F�67u1 E�ECOtilEREO NO, � Rk,I�Aft VllTti 3" BRASS CRP, STAMPING ILLEGIBI_F IN MONUMENT BOX ',71111 rt91t7 } # ! l; 11 ..uil. 1_:N I:rCCn �C Ctl ±aqn. G1},111111 t h'tJ 3 G U0 i'3f d,CC='t Cavil �r r lyyrir,y I ur-rc}�+ng � bake or,Ul ., }r.ir Fz I r�lo 41'iltuf Fi aFpgra.c rAa it aQammvA ra t•i i.,n ht anaq am to nt DRNMt]H� MET�ic��c�LITAN DiSTRIGT No. 1 COUNTY raa�.u•�n- u n AA �r,�sr Un4�W 6Y JRF.I C7.lii �r n ., I, _ 411 9 RFa.F5CDp1_pU B-4 DENMCIRE METRC)PL�LITAN DISTRICT NCI. 2 DE�CRIPTICiN A PARCEL OF LAhJd BEING A PORTfOhJ OF PARCEL 1, 2, Ah1D 3 OF THE SPECIAL WARRAt•JTY DEED RECORDED AT RECEPTION NO. 4289404 IN THE WELD COUNTY OFFICE OF THE CLERK AND RECORDER, LOCATED IN THE SOUTH HALF AND THE SOUTHEAST QUARTER OF THE PORTHEAST QUARTER OF SECTION 6, TOWNSHIP 2 NORTH, RANGE 67 WEST OF THE SIXTH PRINCIPAL MERIDIAN, COUNTY OF WELD, STATE OF COLORADO, BEING MORE PARTICULARLY DESCRIBED AS FOLLOWS: BASIS OF BEARIPIGS: THE SC3UTH LINE OF THE SOUTHEAST QUARTER (SE114} OF SAId SECTION 6 IS ASSUMED TO BEAR SOUTH 8804845` EAST AND BEING MONUMENTED ON THE WEST BY A 2.53 ALUMINUM CAP STAMPED, "LS 31169� IN MONUMENT BOX AND ON THE EAST BY A NO, 6 REBAR WITH A 31 BRASS CAP, STAMPING ILLEGIBLE, IN MONUMENT BOX; COI',9tv1ENC1PJG AT THE SOUTH QUARTER CORNER OF SAID SECTIOhI 6, THENCE hJORTH 00`34S0` EAST, ALOtlG THE L'v'EST LIME OF THE SOUTHEAST QUARTER OF SAID SECTIOhJ 6, A DISTANCE OF 30.00 FEET TO THE NORTHERLY RIGHT-OF-WAY OF FIRESTONE BOULEVARD DEDICATED AT BOOK 86, PAGE 273 AT SAID CLERK AND RECORDER AND THE POINT OF BEGINNING: THENCE h1OftTH 89°34"24` WEST, Ohl SAID NORTHERLY RIGHT-OF-b'�+r.Y, A GISTAh10E OF 54.32 FEET TO THE SOUTHEASTERLY LIh1E OF FIRESTONE TRAIL ANPJEXAT[OPJ NO. 2 RECORDED AT RECEPTION NO, 2928666 AT SAID CLERK AND RECORDER: THENCE ON SAID SOUTHEASTERLY LINE THE FOLLOWING TWO 121 COURSES: 1) NORTH 29°40'27" EAST, A DISTANCE OF 1,409.92 FEET; 2) NORTH 29°4l'50" EAST, A DISTANCE OF 3,103,28 FEET TO THE NORTH LINE OF THE SOUTHEAST QUARTER OF THE NORTHEAST QUARTER OF SAID SECTION 6, THENCE SOUTH 68°04'45" EAST, ON SAID NORTH LINE; .A DISTANCE OF 468.26 FEET TO THE �'VES;TERL'Y RIGHT-OF-WAY OF VdELD COUNT''' ROAD 15 DEDICATED AT SAID BOOK 66, PAGE 273; THENCE ON SAID WESTERLY RIGHT-OF-WAY THE FOLLOWING TWO (2) COURSE:.,: 1) SOUTH 00`51135" WEST, A DISTANCE OF 1;338.62 FEET; 2) SOUTH 00`51'05' WEST, A DISTAt•JCE OF 2,620.47 FEET TO THE NORTHERLY RIGHT -OF - Wu AT OF SAID FIRESTONE BOULEVARD; THENCE NORTH 8604814:5" WEST, ON SAID NORTHERLY RIGHT-OF-WAY, A DISTANCE OF 10A0 FEET; 2D22-12-15-C:'yUs�r.�,ncunford'tDt:ktop'S6cnrn�re'yTPH.FSCODI.DD•527D Matra 6s*rct 2 €}tsc.docx Sheet 1 of �.a.s.�nrr.Cor „ti-.� :f;C�:jr,i.,,G�rrl arr. H�.ar•,iu.i. 1��aFJ r'rnnr5ru.,,,9 ih,-fii: t-i i�7�1111 ICI. }r�tfjj("i, rn;nh,i .L,>t7� B - 5 THEhJCE hJORTH G0°51'05" EAST, 10 FEET WEST OF APId PARALLEL'r�'ITH SA[D 4`dESTERLY RIGHT-OF-WAY, A. DISTANCE OF 385.26 FEET; THENCE PJORTH 80°G8'S5� 41'EST, A DISTANCE OF 1327.38 FEET; THENCE SOUTH 01°07'29" WEST, A dISTAtdCE OF 380.40 FEET TO S,�.Id NORTHERLY RIGHT-OF- WAY; THENCE hJORTH 58°4�S'45g 41'EST, OPl SAId NORTHERLY RIGHT-OF-VJAY, A dISTAh10E OF 1.771.40 FEET TO THE POINT OF BEGINNING, CCN�TAINING A CALCULATED AREA OF 5,923,042 SQUARE FEET OR 135.3743 ACRES; fiv1ORE OR LESS, UhJIT OF hAEASURE IS 9.J.S. SUR'•IEY FEET - I. DA`v�ld J. BERGLUh1D, A SUR'fE't'C3R LICEtdSED IN THE STATE OF COLORADO, DO HEREBY CERTIFY THAT THE ABO;fE DESCRIPTIOhJ AND ATTACHED EXHtBIT,fvERE PREPARED BY t�1E OR UNDER MY DIRECT SUPERVISION AND CHECKING, DA'IID J. BERGLUNd, P.L-S. 381G9 FOR AND OPJ BEHALF OF tNANHARD CONSULTIhJG 7600 E. ORCHARD ROAD, SUITE 150-N GREENWOOD VILLAGE, COLORADO 80111 (303) 708-0500 2022-i2-i� -C:User.Snd�nford5,��ton56rnmore5,7pH.F5CQ01.00-52iUMetro 6i:tr� 2 dest.docx S:neet 2 n> •'- Y.<r--heir+tfzai .§,-;{.r.Cs?F,i.:p�;Larr.F1:9'�.nuia:I�=�itJC't'r�umr� i.9lfar�u�-i)�tOYll •�d12�'fllraSCr� r•:antrrinm� B-6 1 •' '!'• ` i • i •' •' i • A PARCEL GF LAND BEIIJG A PORTIOhl OF PARCEL 3 OF THE SPECIAL WARRANTY DEED RECORDED AT RECEPTION 110. 4289404 IN THE WELD COUNTY OFFICE OF THE CLERK AND RECORDER, LOCATED IN THE SOUTHWEST QUARTER OF THE SOUTHEAST QUARTER OF SECTION 6, TOWNSHIP 2 NORTH, RANGE 67 WEST OF THE SIXTH PRINCIPAL MERIDIAN, COUNTY OF WELD, STATE OF COLORADO, BEING MORE PARTICULARLY DESCRIBED AS FOLLOWS: BASIS OF BEARINGS: THE SOUTH LINE OF THE SOUTHEAST QUARTER �SE114) OF SAID SECTION 6 IS ASSUMED TO BEAR SOUTH 88°48'45 EAST AND BEING MONUMENTED ON THE WEST BY A 2.5' ALUMINUM CAP STAMPED, "LS 311694" IN MONUMENT BOX AND ON THE EAST BY A NO, 6 REBAR WITH A 33 BRASS CAP, STAMPING ILLEGIBLE, IN MONUMENT BOX; COfdMENCIPJG AT THE SOUTH QUARTER CORNER OF SAID SECTIOhI 6, THEhJCE t•JGRTH 32`08'44� EAST, A. DISTANCE OF 389.88 FEET TO THE POIPJT GF BEGIPJPIING; THENCE h#ORTH 29°40'23` EAST, A DISTANCE OF 10d.00 FEET; THEhJCE SOUTH 60'19'37" EAST, A DISTANCE GF 25.OG FEET; THENCE SOUTH 29°40'23" WEST, A DISTANCE OF 100.00 FEET; THENCE NORTH 66019"37v 4'`'EST, A DISTANCE OF 25.00 FEET TO THE POINT OF BEGRJNItdG. CONTAINIt'JG A CALCULATED AREA OF 2,500 SQUARE FEET OR 0.0574 ACRES, MORE OR LESS, UNiT OF MEASURE IS U.S. SURVEY FEET. I, DAlrld J. BERGLUND; A SURVEYOR LICEh1SED IN THE STATE OF COLORADO, DO HEREBY CERTIFY THAT THE ABO3!E DESCRIPTIOhJ AhJD ATTACHED EKHIBIT VdERE PREPARED BY ME OR UNDER MY DIRECT SUPERVISION AND CHECKING. DAVID J. BERGLUND, P.L.S. 38199 FOR AND ON BEHALF GF MANHARD CGPJSULTING 7b'00 E. ORCHARD ROAD, SUITE 150-N GREENWOOD VILLAGE, COLORADO 80111 (303) 708-0500 2022-12-15-C:�Usar.+,ne�nford�De:`:ton'tFjenmare�,TPH.�SC001.00-52i0 Mora 6Ukr,"ct 2_61RECTOR PAP.t£L_6c:c.dacx Sheet i a= 2 f� i,�,irtCnn:,'i^;7.!a�?F.�,.I.r,.6orr.Ri..�.nutcit 1Flhd �rr;nmPe3sif„��r�;��tlOf11 �CI,'�:tlf;�"iSCf} � r^,arrhwd:.;',rr� B - % 2 A PARCEL OF LAND BEING A PORTION OF PARCEL'3 OF THE SPECIAL WARRANTY DEED RECORDED AT RECEPTION NO.4289404 IN THE WELD COUNTY OFFICE OF THE CLERK AND RECORDER, LOCATED IN THE SOUTHWEST QUARTER OF THE SOUTHEAST QUARTER OF SECTION 6, TOWNSHIP 2 NORTH, RANGE 67 WEST OF THE SIXTH PRINCIPAL MERIDIAN, COUNTY OF WELD, STATE OF COLORADO, BEING MORE PARTICULARLY DESCRIBED AS FOLLOWS: eA51S of gEAIiINGS. THE SOUTH LINE OF THE SOUTHEAST QUARTER (SE1,+4a OF SAID SECTION 6 IS ASSUMED TO REAR SOUTH 88"48%45" EAST AND BEING MONUMENTED ON THE iNEST BY A 2.5" ALUMINUM CAP STAMPED, "LS 31169" IN MONUMENT BOX AND ON THE EAST BY A NO, 8 REBAR WITH A 3T BRASS CAP, STAMPING ILLEGIBLE, IN MONUMENT BOX; COMMENDING ATTHE SOUTH f1UARTER CORNER OF SAIL? SECTION £, THENCE NC'1RTH 32008'44" EAST, A DISTANCE OF 389.88 FEET TO THE POINT OF BEGINNING; THENCE hJORTH 29'40'23" EAST. A FISTANCE OF 100,00 FEET, THENCE 0C7UTF3 6�1°19'37" EAST, A DISTANCE OF 05.00 FEET; THENCE SOUTH 29"40'23" WEST, A DISTANCE OF 10000 FEET; THENCE NORTH 60°1J'37" WEST, A DISTANCE OF 25.00 FEET TO THE 1�OI�JT [�F BEGINNING. CONTAINING A CALCULATED AREA OF 2,50;a SQUARE FEET OR 4.0574 ACRES, MORE OR LESS. UNIT OF MEASURE IS U.S. SURVEY FEET, f, DAVIi� J. RERGLUNd, A SURVEYOR LICENSED IN THE STATE OF COLORADO, DO HEREC3Y CERTIFY THAT THE ABOVE dC-SCRIPTION AND ATTACHED E?CH1f31T WEf�E PRF_PARED BY ME OR UNDER MY DIRECT SUPERVISION AND CHECKING, DAVID J. BERGLUND, P.L.S. 38199 FOR ANO ON BEHALF OF MANHARD CONSULTING 7600 E. ORCHARD ROAD, SUITE 15D N f REENWOOD VILLAGE, COLORADO 80111 (303) 708.05OO 2022-{77-27 - T,1,T'WhfxrFla�dr�g'�5ei rod,Fine€ @tgttf r,�+,5'tE %hlb 25 S�,lr'Afvlettn ©isiricl�,ja1 F7 - 2'kTF'H.FS!'47f,1�„UI-5� 7G R4C7�u Quiftt �_ gal Nt��; f C; k PAnC�L 0esc.dcicx Sheet 1.ai 3 Mt3nfiaird CuflSulil(1� � E�J'� Er�;t flrrh�rd Rurd, v�+tn i;�O�J, li^58nii t}nd Villa�i, C6 L3U1'11 '�L"i �.7flR;7ri:�:7 rtt2ri tofd.c�m CO..E_}HF' � I �I,Lt�I ,�;�i � 1��'* '�f4 C'!hI I .e�{�." I . ( I I ��).`�i i'•I FI�INI' CIF B€GINNING CIISTFCT NCI. A F 1 (0.074 kC.` �Ci"19'" =_.PECItY.i_ vtAl?Fr''daTY (aFtr� RECEPTION Plr, 42851("4 FCR AND UN BEHALF OF RIANHARO CONSULTING S�_J7N L�hIC I'F �IIE S:'..ITkIEG,'_;1' ftilA.R'i1-R fiF ��-,F�CEi{?hd 6, TO'rti'��!`;Ftll-' t h ufi lH, R hl = 6; WE I __�-—— S818 48 461"E 21:140 / (BASIS OF BEARINGS) PC}INT t}F COMMENCEMENT SOUTH ?�UAR�[R C:uRNER SEC1aON 5, T2 J, R67h" RECOVERED 2,5" ALUMINUM CAI' STAMPED. "LS 31169" IN MONUMENT BOX SOUTHEAST CGRNER=/ :�GTlt3,`•i ��, T2N, I�Ei744 RECOVERED NO, 6 RE13AR VOTH 3" BRASS CAP, SCAMPINO ILLEGIBLE IN MONUMENT BOX n 1 �=�uE�n �,G; I �� I;cl r�e� I it r= uoll „rtr a II t •: I la IY•'k:ll�f 1. :.t;l.'i i i Uk tC-I IIIL p.Ti. II,. LI_�'��.� �t ':=i:F T: _1±#. 1041 East Of i a i I. rd. i I I I Sin-hl, Of riaad l It CC -'. t 7 f ph:103 7 U1 0 mavilal-alll civil Clgineo r irtg Sure aying F C oosItaIIaI 5ery ie . I cj I5l Y1'utur RauQufc� PfrinBgemant I t;o1_.IruuI111a H1-1nu0ttIr,aht QENI'uliJ�� M�"fR9PQ�.ITAN [7I8TRIGT N(7. 2 ____ .- Gf]UNTY OF MELD, CQL(7E�AOti QIFiEG"t'(7F'a PARCEL s.aux�F± SHEET onnsiraux: 1Nr?QII] ij OF n�•1. is _..ra, TWFSCO01 M �i � C.: Ct f-7 tl L 7 I r4 DENM�3RE AtiEY12EPOLITAN IISTIIIT N17. Z C7�SIw11P'T1tN A I�ARCEL OF LAND eEINO A PORTION OF PARCEL 1, 2, ANp 3 OF THE SPECIAL V'JARRANTY DEED RECORDED AT RECEPTION NO, 4289404 IN THE WELD COUNTY OFFICE OF THE CLERK AND RECORDER, LOCATED IN THE SOUTH HALF AND THE SOUTHEAST QUARTER OF THE NORTHEAST QUARTER OF SECTION 6, TOWNSHIP 2 NORTH, RANGE 67 WEST OF THE SIXTH PRINCIPAL MERIDIAN, COUNTY OF WELD, STATE OF COLORADO, BEING IAORE PARTICULARLY DESCRIBED AS FOLLOWS: BA515 C)F BEARINGS: THE SOUTH LINE CJF THE SOUTHEAST QUARTER (SE1l4} OF SAIC� SECTION 6 IS ASSUMED TO BEAR SOUTH 88"48'45" EAST AND BEING MIONUMENTED ON THE VdEST BY A 2,5" ALUMINUM CAP STAMPED, "LS 31169" IN MONUMENT BOX AND ON THE EAST BY A NO.6 REBAR WITH A 3" BRASS CAP, STAMPING ILLEGIBLE, IN MONUMENT BOX; Gt)M14IENGING AT Ti1E SOUTH C2UARTER CORNER OF SAED SECTION 6, THENCE PIORTH {i0034'50" EAST, ALONG THE WEST LINE OF THE SOUTHEAST QUARTER OF SAID SECT ION 6, A L}ISTANCE OF 3000 FEET TO THE NORTHERLY RIGHT-OF-WAY OF FIRESTONE BOULEVARD DEDICATED AT BOOK 86, PAGE 273 AT SAID CLERK AND RECORDER AND THE POINT OF BEGINNING; THENCE NORTH 89" 34'24"WEST, ON SAID NORTHERLY RIGHT=OF-VI+AY, A DISTANCE OF 54.32 FEET TO THE SOUTHEASTERLY DINE OF FIRESTONE TRAIL ANNEXATION NO. 2 RF_CORDEd AT` RECEPTION NO. 2928666 AT SAID CLERK AND RECORDER; THENCE ON SAID SOUTHEASTERLY LINE THE FOLLOV'1ING TWO (2)COURSE=S: 1) NORTH 294027 EAST, A CISTANCE OF 1,4179.92 FEET; 2) NORTH 29*41'50" EAST, A DISTANCE OF 3,10128 FEET TO THE NORTH LINE OF THE SOUTHEAST QUARTER OF THE NORTHEAST QUARTER OF SAID SECTION 6; THENCE SOUTH 88`04145" EAST, ON SAID NORTH LINE, A DISTANCE OF 488,26 FEET TO THE 'WESTERLY RIGHT-OF=V'JAY C)F WELr� COUNTY ROAD 15 GIEvDICATED AT SAID EiOOK 86, PAGE 273; THENCE ON SAID 'WESTERLY R1taFIT-OF-tPIAY THE FOLLOWING TWO (2) COURSES: 1) SOUTH 00"51435° WEST, A DISTANCE OF 1,338.82 FEET; 2j SOUTH 0©"51'U5" VdEST, A DISTANCE OF 2,620.47 FEET TO THE NORTHERLY RICH-i"-OF- WAY OF SAID FIRESTONE BOULEVARD; THENCE NORTH 88048°45" WEST, ON SAID NORTHERLY RIGHT-OF-WAY, A DISTANCE of 10.00 FEET; 38199 - E �^in,IC L A;1Ci 2G2f �7-27 - P1,lphi5C�f17'.,Gocumentsti,luire5pondenCCS,in <;rthers1,2C122�:}7-2? 6'aEt tv1et'C� Ilistricss_'�lici,5ily+�dap5`t711tctnr. Farccls iti �liertkl,i^Fi.f?i;i.�y3,OQ-52?4 trlatro Uistritk 1_Gm:c.duu: 5hee' 1 of 1 pAaSnhnret Cors�ulGtn� 7�00 Fr ,Y, [' ,Ex„;rd F;n�d. �•„Le 9,'��7-N. �yrgr�rrP'nua 4lilta�e, �.�] t3�11'1'1 �fJ:17f1€3.t15ULie • manha^t;rt�nt i i i,IiP;•i "1 I lil IL.ilt3 1 1IL ,;lr-�. 1 1 �.,,> I I_a �`''`s"";It�: re����s�l�-rlrat THENCE NORTH 00451'05" EAST, 10 FEET WEST OF AND PARALLEL WITH SAID WESTERLY RIGHT-OF-WAY, A DISTANCE OF 386,26 FEET; THENCE NORTH 89"08155" WEST, A DISTANCE OF 827.38 FEET THENCE SOUTH 01"07'29" WEST, A DISTANCE OF 380.40 FEET TO SAID NORTHERLY RIGHT-QF- WAY; THENCE NORTH 88048145" WEST, ON SAID NORTHERLY RIGHT-OFAVAY, A DISTANCE OF 1,771.40 FEET TO THE POINT OF BEGINNING. CONTAINING A CALCULATED AREA OF 5,923,a42 SQUARE FEET OR 135,9743 ACRES, MORE OR LESS. UNIT OF Iv1EASURE IS U.S. SURVEY FEET.. 1.10AVIC� .!, BERGLUND, A SURVEYUR LICENSED tN Ti-IE STA'1'E OF COLORADO, DO HEREBY CERTIFY THAT THE ABOVE DESCRIPTION AND ATTACHED EXHIBIT ERE PREPARED BY fair. UK UNDER MY DIRECT SUPERVISION AND CHECKING. DAVID J. BERGLUND, P.L.S. 38199 �t - FOR AND ON BEHALF OF MANHARD CONSULTING 7600 E. ORCHARD ROAD, SUITE 150-N GREENWOOD VILLAGE, COLORADO 80111,��, 1303)708=0500 2PZ3-67-22-P:"�'iphf5[71�;i�arursi�n[flCorr�spantit��tee'�T� Dthse'S'L����-f13-27 Ur�tt �de[ro DaEr�G 'IiCinit}t tvyo@ :airede�. Par[e15U2 Chr_.nt�,l'i'N,KSE(]�11,10�2?�1 �.ietru CJIstfiet Z_DeSS.d,'„x Sheet 2 tit A I'�lanhrarr! Cu-a.:ulling 7�C� E95G C-r.hnn3 Rn�u�.. Suite '15SN, it��unv,�.�od Vill�rls: Cq f7G1 i � � ;+t.7:'-317E.Ci5f]❑ - m��nF.-�rti.eurtt La f-: L I=p (,['�' I iIT,II!_a i Ili Px[1 I7 C ; j'1 I a,..'aP:_iIPI 14 �Y'trs aL Llts'FL''iv ';i FOR PNLI :iPt ®ErIALF OF ►AANHARO CONSULTING L� ia¢ n{Of ( 7 c•, s r- I e� � q � A LINE TABLE f 4r rill LINL BEARING 1-FNGTH L1 NB'9'34'24"'N 54r3!' S [rf rF:r 1 _ 1 tr���IF n ;;Ia 13 i_2 NI§8'48'45" W 10.00' l a suR'vcr" rr cr SEE SHFE1. 4 u �f, lei a� I � b I �'I DENMORE Mai ff i I t�LITAN III DISTRICT NO. 2 :i,923,v42' :;,F, (135,9743 AC.) _0 Vb'sh til , Y' I LL"CI tl}i ra �e �4s' 1771.4�?' h9�9 C}8'S5'°7T �77 F3B0.40' '" NOQ"51'05" F t 385.26' f 44'' 1•.1 —r'� Ifs r,'1':�11 t �ti'a8 + 3l SOU I LI I I E ()F I EaCN T ILA TT FIRES I ONE ,�JARTFR CF 5Lti tIOtJ 6A TOWN5HIF 2 BOULEVARD LCR 1-4, RANSE 67 VEST 30Ck. Hi, P.AGF 273 POINT OF COMMENCEMENT S(MTHEAST CORNER S{AJTH QUARTER CORNER SECTION 51 T2N, R57W SE1yTim 5, i2N, Rt67W REGOVERED NO. 6 R€BAR WITH RECOVERED 2.5" ALUIJINU),1 CAP 3" BRASS CAP, STAMPING ILLEGIBLE STAMPED,, "LS 31169" IN MONUMEi'1T BOX IN )AONUMENT 8OX U •: XHiii' 'hlF'i i:., . _ RESCN I 4 M '' U° UAi �:) ll ift',1"^' I i. I14IEh" 11 �0;t �l� OF.`�P�_ i 11 _ �;i 1 r,Ll� �U '_A,_ (!- DENMORE METROPOLITAN DIRT COUNTY OF WELD, n h a rd...... tl lu'Enul C �;d R_ad 5ulle IX44 I e r .;r V11 o Rath gh:393 05ri tiF 1 wom - �i,if Fag ircarinq I �I r iir,J r. liar, c,p�ti'zl crv-�e: I rif aklE: G7?'r'. . iV: cSf Resource dh,anaR er•r e��f I Cor_atrucficr, MA wn.. r�1a414-nl ecmLL: .,�1 ,: _. Cfv tYF T�H.Fs�nol.oa i t'G� AND C+PJ E3EHAI�' CE MANHARD CUNSULTINrO I NE 1/16TH COR, SEC. 6 r/ ' RECOVERED NO, 6 REE+ARN 38`t�445"E ° n 48, 26' Vr/ 2:5" ALUMINUM GAF STAMPED, "I_S M570 a;v Cj ^ y k) % r ,3 4 oj L'—E 1/16TII CDR, SEC, B = I } 1 ECOVERED NO, 6 REQAR I '� V!/ 2,5° ALUMINUM CAP I � � L) i STAMPED, IS 38670" I-'ECIA( tivARJ' J )CIFF) RFC:El IL,J NU 4 8i 404 SEE SHEET 3 troll..: -- :, k: kFi. tt I.u::;t `� F:iI H;F.1'iil `i tt A. \iilti� =N 7CL; ,� d.`.`•. I- (`� liiTGhL�o 'J?1(,Y it f1�F'f:T TitF a,iT 1 I [,CE t ��Jli`T;011- AmLamw I f _aai Ck 3 J R iE, B iln i d1 GQoowlod'J lage tgrl 0l!111 pil 103 YDB 7S3a 1 I Fnp i ,r;orIng I &.ur.,.ytng S Ganv�p a I!me, I $a,V ra, I yIS 7lalrt� Rr_ oaccn ?Anna6enent d C+a n8If 1>cIion M A n a amsnl a 2r}u �t o �rr7Fr11 t I ilrU I:1 tt N i/16TF1 �;OR. SEC, 6 REC4'4fE12E�} N�a, 6 R.EEIA.R ALUMINUM CAP 3TAiAPED, IS 35670" ca :3 r tL z�s y EAST 1/� Gi7I2. SEC, 6 RECo4EREll Nr�. 6 R.Ef�AR A% 245" ALUMINUM CAP STAMPED, "LS 28656° C�?UN'1"Y 4F WELD, COL{�RAC?fl anoJ. uan C�aSwk OY. JxF IT.IJB aT,TE� C37�`26��.7. .._,... 1' .., =Aon' i'RH.FJ3CtJ01,� 17��Tt'�iC�I»►�ir�T�]:t7>Ai%����I[��7C�1�►�C��17�'��lil�C�7�1 A PARCEL DF LAh1D BEII•JG A PORTEOhI OF PARCEL 3 OF THE SPECIAL V'JAftRAh1TY DEED RECORDED AT RECEPTION NO, 4289404 IN THE WELD COUNTY OFFICE OF THE CLERK AND RECORDER, LOCATED IN THE SOUTHWEST QUARTER OF THE SOUTHEAST QUARTER OF SECTION 6, TOWNSHIP 2 NORTH, RANGE 67 WEST OF THE SIXTH PRINCIPAL MERIDIAN, COUNTY OF WELD, STATE OF COLORADO, BEING MORE PARTICULARLY DESCRIBED AS FOLLOWS: BASIS OF BEARIiJGS: THE SOUTH LIh1E OF THE SOUTHEAST QUARTER (SE114) OF SAID SECTION 6 IS ASSUMED TO BEAR SOUTH 88048145" EAST AND BEING MONUMENTED ON THE WEST BY A 2.5a ALUMINUM CAP STAMPED, "LS 311697 IN MONUMENT BOX AND ON THE EAST BY A NO, 6 REBAR WITH A 3' BRASS CAP, STAMPING ILLEGIBLE, IN MONUMENT BOX; COPJ9h7ENCIhJG AT THE SOUTH QUARTER CORNER OF SAID SECTION 6, THEh10E h1ORTH 28`27'12' EAST, .A DISTANCE OF 539.56 FEET TO THE POIFJT tJF BEGINF•!lt•JG; THENCE NORTH 29°40'23" EAST, A DISTANCE OF 25.00 FEET; THENCE SOUTH 60°t9'37" EAST, A DISTANCE OF 100.00 FEET; THEh10E SOUTH 29°40'23" WEST, A DISTANCE OF 25.00 FEET; THENCE NORTH 60°19'37`WEST , A DISTANCE Of 100.00 FEET TO THE POINT OF BEG1FJilING, CONTAIhiING A CALCULATED AREA OF 2,500 SQUARE FEET OR 0.0574 ACRES, MORE OR LESS, IJh11T OF MEASURE IS U.S. SURVEY FEET. I, dA`JID J. BERGLUND, A SUR1rEYOR LICENSED IN THE STATE OF COLORADO, dO HEREBY CERTIFY THAT THE ABOtiJE DESCR[PTION AFJD ATTACHED EXHIBIT 5lJERE PREPARED EiY tvFE OR UNDER MY DIRECT SUPERVISION AND CHECKING_ DAVID J. BERGLUND, P.L.S. 38199 FOR Atdd Ohl 6EHALF OF tutANHARD COhiSULTINC� 7600 E. ORCHARD ROAD, SUITE ]50-N GREENWOOD VILLAGE, COLORADO 80111 (303) 708-0500 2022d2-15-CaUserind�nforclt,pes�taul.Denrnore�,T�H.F5C401.dd-SY70Metro p�2r.•ct 3_L7rc.docz Sheet 1 of 2 P. o� i•n+ f; u� , ti�sy� ?CCa:"� r•� ,. �r •;h,jr .Fir.,9_ Snisr; lE:'i P•J t�rt:�:nrn r i ~,ills,€3tCi:7 �30i t l ;ill�;?(lGi-t �i_:f7 r.,:nhnr.i • �fii B-14 A PARCEL OF LAND f3EiNG A PtORTION OF PARCEL 3 OF THE SPECIAL �,'JARRANTY (OE ED RECORDED AT RECEPTION NO.4289404 IN THE WELD COUNTY OFFICE OF THE CLERK AND RECORDER, LOCATED IN THE SOUTHWEST QUARTER OF THE SOUTHEAST QUARTER OF SECTION 6, TOWNSHIP 2 NORTH, RANGE 67 WEST OF THE SIXTH PRINCIPAL MERIDIAN, COUNTY OF WELD, STATE OF COLORADO, BEING MORE PARTICULARLY DESCRIBED AS FOLLOWS: BA51S tJF BEARlNGB; Ti-1E SDUTH LlhlE OF THE SOUTHEAST QUARTER (SF1l�I) OF SAID SECTION 6 IS ASSUMED TO BEAR SOUTH 88"48`45a EAST AND BEING NIONUMENTED ON THE WEST BY A 2.5" ALUMINUM CAP STAMPED, "LS 31169" IN MONUMENT BOX AND ON THE FAST BY A NO. 6 REBAR WITH A 3" BRASS CAP, STAMPING ILLEGIBLE, IN MONUMENT BOX; CQtvIt+AENCiNG AT THE SOUTH c:�UARTI=R CORNER OF SAID SECTION 6, THENCE NC3FtTH 28027'12" EAST, A DISTANCE OF 539.56 FEET TO THE POINT OF BEGINNING; THENCE NORTH 23"4d'23' EASY, A DISTANCE OF 25,00. FEET; THENCE SOUTH 60019137" EAST, A DISTANCE OF 40Q-00 FEET; THENCE SOUTH 29'40'23" VNEST, A DISTANCE OF 25,OCJ FEET; THENCE tdORTH 6U°19:37a WEST, A DISTANCE OF 100.00 FEET TO THE !'QIM1IT t7F BEGINNING. CONTAINING A CALCULATED AREA OF 2,500 SQUARE FEET OR 0.0574 ACRES, MORE OR LESS, UNIT OF MEASURE IS U.S. SURVEY FEET - I„ DAVID O. BERGLUND, A SURVEYOR LICENSED IN THE STATE OF COLORADO, DO HERE[�Y CERT IFY THAT TI°IE ABOVE DESCRIF�TION AND ATTACHED EXHIBIT WERE PREPARED E3Y MF OR UNDER MY DIRECT SUPERVISION AND CHECKING. A p 6�.��-1 kJ 38199 DAVID J. BERGLUND, P.L.S. 38199 aT FOR AND ON BEHALF OF MANHARD CONSULTING 7600 E. ORCHARD ROAD, SUITE 150,NIi<fV� GREENWOOD VILLAGE, COLORADO 80111 s (303)708-0500 202�-t}7-Lf • f:ti,Tphfscr,(7Y�,ci�r�,�$vri''iFr,el G°ta'.vifl(;5'tExhik�it5 �un'`hietro 6islriC�'�Mi�-'3tlf'H.F`�f:i3(}1.OU•�i27mMetto C715trY[k 3 []pcc.ia,:� 5fieei 1 trf Z hLrnhsrc3Ca:�EWting 76riDE�-.r[yrt:h�rrdRua�?,5uLv1.�t�-tv t�=e�nv.ax�dVilu>y�,LX7�Ci�,14 � 3�3��s'.Q�f]❑-rn&nh�attd��m CC ,.0 B-15 nal fQi r n `Vj #. «7 POINT l'!F BEGINNING a rr , t:r tG� `v �1� 9 PI41� N4i• 32,500 .I , I(0,r} '4 r�C::.l , r r� �Rcr,I_ s '�PE'�In,'_ `vE!sRF�k'•JT'Y r tf R CEF'TlOt-ll NO, 4789404 t �r,r rr7�rt: t�c�,tr.r u aq •I tY f EY7 =?'Ea' ) 1 hx:Pl = at It. FOR Arrn nkl BEMiALF QF b�At^1HARD t.�Ib!-�ULiING / `GaTN Ltr'iL OF TriL `_�OI!THEt,S I r� OUr4R1h OFCt Ilr>N r, T1.Vrid '=IIF� 11 rr,"1N, P f `k G3 88143'4 F 26411 4 ; — — — — — — POINT OF COMMENCEMENT — (6#4$rS OF BEARINGS) SOSOUTHEASTr T CORNER ) SOUTH QUARTER CORNER SECTION SECTION fi$ T?hl, r267VB RECOVERED RECOVERED 2,5" ALUMINUM CAP STANWrl?, "LS 311W IN MONUMENT BOX +Iv1= —'I+Ti l: kFl lil� (7005 t! I?:a%Gt :7di ,m. kU ( n =hi 7b;4 D57 Esst�7rrhard lias7 N. tf.:a-N C umimuuJ 4115gc C�] GDI I1 pr.:�47 n)U pril;l , t J ea. t,l '11 Lte� IaNI'r�11 ( 7l ra C'f ::nif h Ci Ga:�i81131 .r`r r 174d I ,aIS 1,�ti1N1 fin&Gil(pii ,J 615n Yq OtiS tl lit I L'ouslr lYGk�7 �� Ri :Y0�q 6Ifl prF9 ' C, T1N, R67t1' NO, 6 REBAK WITH " r3RASS CAP, STAM IN07 II_L,EGIBLE W MONUMENT E30X h9E7'Rp OYhHE14'!: .IAF f15.16 11RTtif fJ7!"' L���... Ot- TPhf,Fs�OOi,aa Manhard- C DENM�RE METFtt?PC�LITAN DISTRICT hlc�. 4 DESCRIPTION A PARCEL OF LAPJD BEIPJG A PORTION OF PARCEL 3 OF THE SPECIAL Ut+ARR.AhJTY DEEQ RECORDED AT RECEPTION NO. 4289404 IN THE WELD COUNTY OFFICE OF THE CLERK AND RECORDER, LOCATED IN THE SOUTHWEST QUARTER OF THE SOUTHEAST QUARTER OF SECTION 6, TOWNSHIP 2 NORTH, RANGE 67 WEST OF THE SIXTH PRINCIPAL MERIDIAhJ: COUNTY OF WELD, STATE OF COLORADO, BEING MORE PARTICULARLY DESCRIBED AS FOLLOWS_ BASIS OF BEARIt•JGS. THE SOUTH LIPIE OF THE SOUTHE,�,ST QUARTER (SE1l4} OF SAId SECTION 6 IS ASSUMED TO BEAR SOUTH 8804845" EAST AND BEING MONUMENTED ON THE WEST BY A 2.5` ALUMINUM CAP STAMPED, "LS 31169" IN MONUMENT BOX AND ON THE EAST BY A NO, 6 REBAR WITH A 33 BRASS CAP, STAMPING ILLEGIBLE, IN MONUMENT BOX; C069MENCING AT THE SOUTH QUARTER CORNER OF SAID SECTIOhd 6, THENCE NORTH 28'23'23` EAST, A GISTA,NCE OF 514.85 FEET TO THE POINT taF BEGINPIIt•JG; THEhJCE NORTH 29°40'23'" EAST, A DIS'Ta�,NCE OF 25.00 FEET; THENCE SOUTH 80°19'37" EAST, A GISTAhJCE OF 100.00 FEET; THENCE SOUTH 29°40'23" V�rEST, A QISTAtdCE OF 25.00 FEET; THENCE NORTH 60°19'37'WEST , A DISTANCE OF 100.00 FEET TO THE POINT t�F BEGINtl1NG. CONTAINING A CALCULATED AREA OF 2,500 SQUARE FEET OR 0.0574 ACRES, MORE OR LESS, UNIT OF MEASURE 1S U.S. SURVEY FEET - I, QA`JIQ J. BERGLUND; A SUR�w`E''a'OR LICENSED IN THE STATE OF COLORADO, QO HEREBY' CERTIFY THAT THE ABOVE DESCRIPTIOhI APdD ATTACHEd EXHIBIT flVERE PREPARED BY tv4E OR UNDER MY DIRECT SUPERVISION AND CHECKING. QA'iID J. BERGLUND< P.L.S. 38199 FOR AtJQ Ohl BEHALF OF MAhJHARD CONSULTIhIG 7600 E. ORCHARD ROAd, SUITE i50-N GREENWOOD VILLAGE, COLORADO 80111 (303) 708-0500 2022-12-15-C:�,U:crsS,.ndanford'�,Oesztop'S6enm�are�,TPH.F5COD1.00-5270 Mctro C>istr'ytt A_Dc:c.dacz Sncct f o-� 2 hh.a � i�n��in Cor �, tr-a , ra ., Pa , I � t'.h;�rr Rr..�,,. Mini .i. 1``t=1 YJ, t;r +.i,r, t�r,� f d -�;?[;. t f � tip i l i ,�❑%7�If ���Ct� . anf cx-� r.qm 2 A P�iRCEL OF LAND BEINC.a A Pt�RTION OF PARCEL 3 C7F THE SPECIAL WARRANTY DEED RECORDED AT RECEPTION NO, 4289404 IN THE WELD COUNTY OFFICE OF THE CLERK AND RECORDER, LOCATED IN THE SOUTHWEST QUARTER OF THE SOUTHEAST QUARTER OF SECTION 6, T070INSHIP 2 NORTH, RANGE 67 WEST OF THE SIXTH PRINCIPAL MERIDIAN, COUNTY OF WELD, STATE OF COLORADO, BEING MORE PARTICULARLY DESCRIBED AS FOLLOWS: BASIS OF BF�RINGS: THE SOUTH LINE C7F THE SQUTHEAST C�UARTER (SE11#j OF SAID SECTION 6 IS ASSUMED TO BEAR SOUTH 68"48'45" EAST AND BEING MONUMENTE0 ON THE L^dEST BY A 2.5" ALUMINUM CAP STAMPED, "LS 31169" IN MONUMENT BOX AND ON THE EAST BY A NO, 6 REBAR WITH A 3" BRASS CAP, STAMPING ILLEGIBLE, IN MONUMENT BOX, CQMR9HNGING AT THE SC7UTH �tUARTER CORNER OF SAID SECTI9N 6a THENCE NC)RTH 28'23'23" EAST, A DISTANCE OF 514,65 FEET TO THE POINT OF BEGINNING; THENCE NORTH 29"4023" FAST, A DISTANCE OF 25.00 FEET; THENCE SOUTH 60"19137" EAST, A DISTANCE OF 100.00 FEET; THENCE SOUTH 29"40123" WEST, A DISTANCE OF 25.00 FEET; THENCE NORTH 60'19'37" WEST, A DISTANCE OF 100.00 FEET TO THE POINT OF BEGINNING. CONTAINING A CALCULATED AREA OF 2,5GO SQUARE FEET OR 0.0574 ACRES. MORE OR LESS, UNIT OF MEASURE IS U.S. SURVEY FEET. (, [AVID J. BERGLUND, A SURVEYc�R LICENSED IN THE STATE OF CQL(7RADO, DO HEREE�Y CERTIFY TI={AT THE ABOVE dESCRIPTION AND kTTACHED EXHIBIT 4"JERE PREPARED BY AdE OR UNDER MY DIRECT SUPERVISION AND CHECKING. 38199 [)AVID J. BERGLUND, P.L.S. 38199 01, al- A102�c POR AND ON BEHALF OF MANHARD CONSULTING ; 7600 E. ORCHARD ROAD, SUITE 150-N GREENWOOD VILLAGE, COLORADO 80111 (303)703-0500 7t�i7-!7.27-P:lTph(StO:Fl��'ugh,5+.trJ',fdnallJrrxt'.ngs�,Es;FiUiL.survS,>,9etroDLt�i�t}P.4@•4�T(�N.ESCC:QI.U'�-�276Me1r�G15t1iFt+7 (?a;r„dncx �hs�et t of 2 P�1anh�rd �ond�,�l.,nh 761]Cl?'is t O,r-:a�rt1 Ei�ed, �iLc 1u�ipJ ��-�nianwnra Vi�uy�, GU t101'11 + 308706�i�r.:P.3 + n;a�ks�rd.cc?n 7 r i' _ `-FOINT OF BEGINNING f;I�APf[IG Gt"Al.tt, �D nD is ,I 3 rich it 71STRICT NO., 4 ?, !i=LI S-F. (I3.0' 74 AC) ni ,;='Li; tat NAR�APdT'�' I�EEO IiICCF`TICJf; NO. 42>;9404 l C?R A1ND OPl BEHALF OF 1---,�� M+I,d.NHf.h't7 Cbt'lallLTeNli SUUT-i i L'h_A OF TT -IL +J�I'RT R 01 EC110N G TCIWK 1'13 2 r' . N jIk i d Aid `:E 67 VjE- f I1 588'4IT'45"E 2640,47' (BASIS OF BEARINGS) f POINT OF COMMENCEMENT SO / SOUTH QUARTER CORNER SECTION SECTION G, 12N. R67W RECOVERED 2.5" ALUMINUM CAP STAMPED, "L5 31169 IN MONUMENT DOX L�THeAsr CORNER-� fi, TAN, R671V RE001tERED NO. S REBAR WITH 3" BRASS CAP, STAMPING ILLF_GISU3 IN MONUMENT BOX T F7 C���l �asl Gn�I•InvFfi7] (Tiand 2w8 , la 5s:r-tl,w I EI . y3 >r 11 ;�.i.p rv':w'Inq �£ Ucorsp+�l,a) 7951 gh::pl5 /6tt �J5:s Sor�i dK �dl ri�cprci Ir"i!� V'Jt�SQf R 36a4�rrr, �i.rnxgema'rl I �CII •I+U..lt: r. G.annpamrnl C1RE Itihl=Tt�OF�'[�LIT1tN DISTPfCT GC3UNTY t7F wEl.e, GOLC7I`tACiO CR?i NL'Il: fiJ9 WF1tt1 nar:; 67�25r?? It _ a;v TPHvFSCO019o0 DENMtaRE METRCtPCiLITAN DISTRICT Np, 5 DESCRIPTION A PARCEL dF LAhJD BEING A PORT[OPJ OF PARCEL 3 OF THE SPECIAL VJARRAtITY DEED RECORDED AT RECEPTION NO. 4289404 IN THE WELD COUNTY OFFICE OF THE CLERK AND RECORDER, LOCATED IN THE SOUTHWEST QUARTER OF THE SOUTHEAST QUARTER OF SECTION 8, TOWNSHIP 2 NORTH, RANGE 67 WEST OF THE SIXTH PRINCIPAL MERIDIAN, COUNTY OF WELD, STATE OF COLORADO, BEING MORE PARTICULARLY DESCRIBED AS FOLLOWS: BASIS OF BEARItdGS=THE SOUTH 'Llh•JE dF THE SOUTHEAST QUARTER (SE1�'4) OF SAID SECTION 8 IS ASSUMED TO BEAR SOUTH 8804845� EAST AND BEING MONUMENTED ON THE WEST BY A 2.5x ALUMINUM CAP STAMPED, "LS 31169" IN MONUMENT BOX AND ON THE EAST BY A NO, 8 REBAR WITH A 37 BRASS CAP, STAMPING ILLEGIBLE, IN MONUMENT BOX; CdtAMEhJCING AT THE SOUTH QUARTER CORNER OF SAID SECTION 6, THENCE IJORTH 28°19'27' EAST, A DISTANCE OF 489.85 FEET TO THE POINT OF BEGINPJItdG; THENCE hIORTH 29°40'23" EAST, A DISTAtdCE dF 25.00 FEET; THENCE SOUTH fi0°19'37" EAST, A DISTANCE OF 100.00 FEET; THENCE SOUTH 29°40'23" bVEST, A DISTANCE OF 25.n0 FEET; THENCE NORTH 60019'37x WEST, A DISTANCE OF 1170.40 FEET TO THE POIhJT OF BEGItdFIiNG. CONTAEhIIhIG A CALCULATED AREA OF 2,500 SQUARE FEET OR 0.0574 ACRES, MORE OR LESS. tJhJIT OF MEASURE IS U.S. SURVEY FEET - I, DA`JID J. BERGLUND, A SUR'�+E'YOR LICENSED IPJ THE STATE OF COLORADO, DO HEREBY CERTIFY THAT THE ABOVE DESCRIPTION AJJD ATTACHED EXHIBIT Vv'ERE PREPARED BY ME OR UNDER MY DIRECT SUPERVISION AND CHECKING. DAVID J. 6ERGLUtdD, P.L.S. 313999 FOR AND ON BEHALF dF tv1ANHARD CONSULTINfi 7fi0{} E. ORCHARD ROAD, SUITE 1513-N GREENWOOD VILLAGE, COLORADO 80111 �303) 708-0500 2022d2d5-CaUscrs'tnd�nford�,Gxeskton�6enmgrc'�T�H.FSCOGi.9d-527� Metro 6istr'et 5_6r�.da�x. Shect f a€ 2 i, i7wr+s("�n � tr;�� �ri�;rF•�„C�,L-oi.Rr.,-�..�iu.re l:i'7PJ ��rrx`m+�r d5itl;i�r� C�7�30i1) •,Il•';?�•ii5if; E r--srrtmrd-arn B — 20 A PARCEL OF LAND BEING A 4'tiRTiON OF PARCEL 3 OF THE SPEC IAL �NARRANTY DEED RECORDED AT RECEPTION NO. 4289404 IN THE WELD COUNTY OFFICE OF THE CLERK AND RECORDER, LOCATED IN THE SOUTHWEST QUARTER OF THE SOUTHEAST QUARTER OF SECTION 6, TOWNSHIP 2 NORTH, RANGE 67 WEST OF THE SIXTH PRINCIPAL, MERIDIAN, COUNTY OF WELD, STATE OF COLORADO, BEING MORE PARTICULARLY DESCRIBED AS FOLLOWS: BASIS CIF l3�ftINGS: THG SOUTH LINE OF THE SOUTHEAST t�UARTER (SE1!4} CiF SAID SECTION 6 IS ASSUMED TO BEAR SOUTH 88°48145" EAST AND BEING MONUMENTED ON THE WEST BY A 2.5" ALUMINUM CAP STAMPED, "LS 31169" IN MONUMENT BOX AND ON THE EAST BY A NO, 6 REBAR WITH A 3" BRASS CAP, STAMPING ILLEGIBLE, IN MONMIENT BOX, �CC7MIVI�NGING AT THE SOUTH c�UARTER CORNER OI= SAID SECTION G, THI=NCI NDRTH 28"19"27" EAST, A dISTANCE OF 489.65 FEET Td THE ROrLdT ur BEGINNING; THENCE NDRTH 29'sD'23" EItSI , A [DISTANCE dF 25.00 FEET; THENt'E SOU"4'H 6i)°' EAST, A DISTANCE C7F 100,00 FEET; TFIFNCE SdUTH 29"h0'23` WEST, A DISTANCE OF 25.00 FEET;. THENCE 4dURTH 60`19'37" WEST, A DISTANCE OF 100,00 FEET TO THE PAINT (7F BEGINNING° CONTAINING A CALCULATED AREA OF 2,500 SQUARE FEET OR 0.05741 ACRES, L410RE OR LESS, UNIT 4F MEASURE IS U.S. SURVEY FEET. I, DAVID J, BFR�GLl1ND, A SURVEYOR LI�;ENSED IN TI=1E STATE OF COLURADi_3, DCJ HEREBY CERTIFY THAT THE APC�VE DESCRIPTION AND ATTACHED EXHIBIT WERE PREPARED BY ME OR UNDER MY DIRECT SUPERVISION AND CHECKING. 1'� r 58199 DAVID J. BERGLUND, R.L.S. 38199«r . S� f FOR AND ON BEHALF OF MANHARD CONSULTING k! }, � 7600 E. ORCHARD ROAD, SUITE 150-N c�REENWOOD VILLAGE, COLORADO 80111 303 j 7U8=0500 2t�lL-C7?-�7 � k�3, � phlscoDfl'S�ing"y�UY�,,i;"gal Dr�wlat�ti,Exhib�ts Sut':�rvlrtrn Clietrir6lhiD - St,TPH.PSCQUI:GYS'li(5 +�1�trp pfaritt 5_ Gest:jotx sheet 1 or 2 hAr�nhard La�ia.tGttg * a�gt7 Fss �. CS. � �tt�rd Flgsei, �siLo 1�;(JhJ. Graemrms� liillaefar., G� �L�4'i1 • '3�3.7Ua.D5�t'a ni:�r,har€f-,gym I I i( B-21 r4i t� 16079 i }' POINT CAE '46f, BEGINNING f i f4 y 1 2,5r�0 3.L, (.41,(j_yl•i AC.) r.m P1tFi(�EL '7{�Et:IAL 'eti'A�?Lst`er•iT`( L�EEIi RLi.E-IIrJ[J plt7. 4?8��03 r r SOUTH LIN OF THE SOIICn_5T ' ;iJ�t diLh E;Gil:c TIO e T t4rr ;HIP 2 f NORTHRANE 67 POINT OF COMMENCEMENT ( rtL 1 �� _63'4�t •35'•E LE4C1.4�' BdS13 4F BEARINGS)$) SOUTH QJARTER CORNER SECTION! 1 SECTION 6. 'i2N', R6714 RECOVERED 2 5' ALUMINUM CAR 3a STAMPED, "L5 31169" IN MONUMENT DOX 1 ;)E '�a'rFri Ltvi ,a• r a.•.�CtaaIt 21�-r.'cr. Ir•J I:OCi` 6*�L'i t6 f�_pir`r Tti{ d.il .4C:`J LLi L t�S�Ctb�A�:ItI. T rWO 6.+ 1 u d .1 Ruad 5aila 1 44 r cn rx.=ri % u" Q0 aat i i PB:333 T RnrrrJ 9r h 1 Gird Fr,y na6r,ny I urrcyIiid 5 Y"an c. p At l a Surv,cec I GIS als+ Ra5ourcc NlaragemFlut ( ranct�rucllan pa. nrigamant ure;h - ;p !i h1 El;� „No CiN �EIiALE Q� At'ItiARD �aNSULTiNU SOUTHEAS 6 T T2N, R67Yf RECOVERED tdD. 6 RE5AR M+1Tki f3RA»STA1jnl& % ILLEt�lDLE IN MONUMENT BOX Ct7UNTY 4F a4t•! DISTRICT NQ. SHEET OF / T rWO 6.+ 1 u d .1 Ruad 5aila 1 44 r cn rx.=ri % u" Q0 aat i i PB:333 T RnrrrJ 9r h 1 Gird Fr,y na6r,ny I urrcyIiid 5 Y"an c. p At l a Surv,cec I GIS als+ Ra5ourcc NlaragemFlut ( ranct�rucllan pa. nrigamant ure;h - ;p !i h1 El;� „No CiN �EIiALE Q� At'ItiARD �aNSULTiNU SOUTHEAS 6 T T2N, R67Yf RECOVERED tdD. 6 RE5AR M+1Tki f3RA»STA1jnl& % ILLEt�lDLE IN MONUMENT BOX Ct7UNTY 4F a4t•! DISTRICT NQ. SHEET OF / EXHIBIT C Financial Plan C-1 PIPER�SAN�LER E1flr�nt, ah[1'-w�M rtSnnl l� ��iti re, DOnmoro M0lropalitan District Nas.1-5 Develo mont Sutnnw Resr an6nl- Groupi Res' n6s1-0roup2 TH 46' SFO 60 SFD Nplex 701a1 TH - Total Statutory Actual 5626,m S660,C00 $690,004 8470,000 4500,000 Vol" (20221 Al`2R N24 S4 511 54 54 216 - d9E. 55 61 38 7: I. 226 - - 'ei2F 0 61'tW - - ro67 - 43 - :4�3 100 - 100 tb?q f0;i ftl?:? 3Q4j - N4a Xd44 2045 - - - - N4? soy NISI .kiss :957 iirq _ - x1 f - - - - Total Mta 118 219 92 136 565 100 `: 100 Total Statutory S61,060,000 SMAA WO S03,480,000 $77,520,000 S347,4t40,000 SSOP0004000 $60.000,000 Actual Value �'i4m?2 C-2 PIPER�SANDLER Ed Cr m�rr u6 �r.ee Prnfalo,22 �-��+av Kenmore Metropolitan District Group 1 Assessed Value Vacant and Improved Land CurralL46ve SlatoWy A5'iewxi Vablen kLUZAV.due CoPAutlYew 2YEW W 29 (xf:.', Bswckddiaf Units Lkd•,xrEd Residential Bimni=j Omutati+r,. S191mdow Recrws�rrsnri A,tualValuu 6:o AL4�vgA ValtP. vl CO&A.RnYuar 2YavLai G t><i9S is Total A&w%sM Vekre In: ;colloctionYar 2Y41Lag M 13,2031000 0 0 0 4 2024 13,630,5 o 0 216 - 137,364,012 0 1.0 2025 510681500 3,8283870 226 282,1071477 0 SA281870 2026 21838,000 $0055,455 80 1028.440 353,6971000 9,546,799 13,5024254 2027 0 11469,865 +13 3851230,813 19,606470 21,076.335 2026 0 823,020 23,113.W 4081344,662 24,695841 25,418,861 2029 0 0 - - 408,3441662 26,773542 26,773,542 2W0 0 0 245 000 43218451342 28,370,954 26,370,054 2021 0 0 - 432,8451342 28,3701954 28,379,954 2032 0 0 25,9703720 458,816,062 30,0821751 30,082,751 2CYi3 0 0 - 458,816,02 30082,751 '`'-30,082,751 2034 0 0 - 27,528,9&4 486,345,026 31,887,716 31,887,716 2035 0 0 - 486,345,026 318871716 31,887,716 2036 0 0 - 29,1809702 615,525,727 339800,979 3378002979 2w 0 0 w 41545254727 330800,979 33,600,979 2038 0 0 $0,931,544 5461457,271 %.829,038 35,829,038 2039 0 0 m 546271 ,457, 35,829,038 35,8292038 2040 0 0 - 32,78Z436 5794244707 $7,978,780 '... 37,978,780 2041 0 0 579,244,707 37.978,780 : 37,978,780 2042 0 0 34,754.682 613,999,390 40,257,507 402574507 2043 0 0 - - 6134999,390 40257,507 :.','40257,507 20:I4 0 0 36,839,963 650,639,353 42,072,95E 42,072,958 2045 0 0 650,839,353 42.672,958 `z 42,672,95E 20.1E 0 0 • 39,050,361 889,889,7111 45,233,335 : 45,233,335 2047 0 0 - - 689,E89,714 451233,835 45,233,335 20.t8 0 0 - 41,393,383 7317283,C97 47.9417,935 :: 47,947A35 2040 0 0 731,283,097 47,947,335 47,947,335 2050 0 0 - 43A76.986 775,160,083 50,824,t75 ;. SOZ24,175 2051 0 0 775,160.083 WA24,175 50,824,175 2052 0 0 46,509,605 821,669,688 53,873626 53,673,62E 20.53 0 0 8211669,688 Amps 53,873,62E 20$4 0 0 - 49,300,181 870,969,869 57,106043 57,146,043 2M 0 0 - 870,969,869 57106,043 :` 57,106,043 2056 0 0 52,258,192 923,22801 W,532406 %532,06 2057 0 0 - - 923,228,061 60,532,406 60,532,406 2058 0 0 • 55,393,68.1 978,621,745 CA164350 64,16050 2050 0 0 978,621,745 61,104,350 ; I',649161,950 2060 0 0 58,717,305 1,037,339,050 6&014,211 :' 68,014,211. 2%1 0 0 1037,339,050 68,014,211 68,014,211 2062 0 0 - 62,240,343 109,579,392 72695,064 : 74095,064 2063 0 0 1,ce%5791392 72,W504 72,095,064 Total 505 731,275,020 1, Vacmt land value calculated in yEtr prior to crosinidion as tOvb build -cut market value C-3 PIPER�SANOLER E.t Rfirrr, l,U :�r,c Flef ui.75.'2:5�: Vi P:, Oenmore Motropoii#an Dis#rict Group 1 Hovonuo Tolnl Ad,*tv.&A VA6a) Gollar.6on Year T)IsMet MITI Lavy RovanOa tktl Mill Lc�y `.Xxjalc OvniciAip D,#tl Mill l€n�� Colledions taxes 50.(1000ap 0050% 6 50.0ao TA y_1 F><pansa Cconty TreasurM Annual fee 150% T tttslear :dotal Rvemo AlaiWo Icv Debt sevjicei 2023 0 0.000 0 0 0 0 0 2024 0 S4.000 0 0 0 (4,000) _ 4 2(0 3,828,870 50.COO 1904496 114129 (21857) (4,000) 105,058 2026 13,502,254 50,000 571,737 40,304 (10,076) (4,o00j 697,$65 2027 21,076,335 50.000 1R0483548 62,913 (15,728) (4,000i i.09/,732 2026 25,416,861 50,000 13264,588 75,875 (16,000) (a,4w) 1,317,495 2020 26,773,542 50,000 1,331,084 70,910 (10,980) (41000) 1,$87,923 2030 28,379,954 50.000 1,411,903 84,714 (21,179) 11to0q, 1,471,438 2WIl 28,379,954 50,000 141119W 84,714 (21,179) (4,000) 1:471*438 2032 30,082,751 50.000 1.496,617 89,797 (227449) (41000) 1.55%m 2033 300062,751 50,000 1,496,617 89,707 (22,449) (41000) 10559,965 2034 31.887,716 50.000 1,586,414 95,185 (23,796) (41000) 19653,803. 2035 3107,716 50,00o 19586,414 05185 (23,796) 0,000) 1,053,803 2030 33,800,979 506000 1,681,599 100,046 (25,224) 14,000) 1,753,271 2037 33;8001979 50,000 1,681,599 100,596 (25,22.1) (1,000) 1,753,271 2038 35,82%wo 50,000 1,7821495 10050 (26,737) (4,000) 1,85$4707 2039 35.829,038 50.000 11782,495 106,950 (26,737) (•11OR 11859,707 2040 37,9766780 50,000 t$ 0,444 113,367 (26342) (4,000) 1,9704409 2041 37,978,780 50.00] 1,88914" 113,367 (28342) (41000) '11970,469 2042 40257,507 50.000 2,0o2,811 120,169 (30042) (440007 2A(381037 2CW3 40.257,507 50.000 2,002,811 120,160 (30,042) (44000) - 21083,937 2044 42,672,958 80.000 211221980 1271379 pir845) (4,000) 2,214,51.4 2045 42,6726058 50o00 2,1221080 127,379 (310845) (41OW) 2,214,514 2016 451233,335 50.000 2,250,358 135,022 (33.755) (4,000) 2,347,825 2047 45233,335 50000 24250,358 135,022 (330755) (4,000) 2,347,625 2048 47,947,335 50.000 27385,390 1437123 (35.781) (4,000) 2,4881722 2049 47,947,335 50.000 2,365,380 1431123 05,761) {,4,406t 2,41WJ22 2050 50,824,175 50.000 245281503 151,70 (37,928) (41000) 21038,205 2051 501824J75 50.000 2,5281503 151,710 (377928) (01000) i21638,285 2052 53,873,626 50000 2,6801213 16Q313 (10203) (OW) 2,7984822 2053 531873,626 50.000 2,680,213 160,813 (40203) (,1,000) 21796,822 2054 57,106,043 50000 2,641,026 1704462 (42,615) (41000, 21964,872 2055 57,106,043 50.000 2,8411026 170,462 (42,616) (4,000) 2,964,872 2056 601532,4o6 50,000 3,0111487 160,689 (45,172) (400c 3,1433001 2057 %5$21400 50000 3,011,467 16089 (45,172) (410001 3,1431004 2058 64,1&1,350 50.000 3,192,176 Ial,531 (47,833) (:1,0o6f 33MA24 2059 64,164350 50A04 $,192,176 19105$1 (4703) (41000, 3,$31,824 2060 68,014,211 50.000 3,3831707 203,022 (50,756) (4100q 31531,974 2061 664014,211 50.000 3k3Vt707 203:022 (50,756) (41000 '.31531,974 2062 72,085,064 SO.i'100 3,5664729 215204 (53,601) (4,0001 3,744,132 2063 72 50,000 31586,729 215201 NOW) (4,000;- 3J44T1$2 Total 84,1751026 5,05UO2 (1,262,625) (160,000r • -87,SC6902 Ii. J?:42 C-4 PIPER�SANOLER etc»+nu � ue'nr.e., t�,ry t5 n.� aasti Denmore Metropolitan DisMct Grnup 2 Assessed Value Vocent and Itttprovod Lend Rosidontial T4sal CwiuW&a Stetul6ry Ay:.rr;•ld Value m PAWV41nlal UnfK 06.6ni:4 C1u,aalalF.e St3idlmy A w&w,,l Valw in Assazod Value in Ar.110yait)? fnpxfinnY.w LkIrowd PnassassrrFnt Arlualvaluo Coax IrnYW Cr71o1Jon iY" 2 Year ln7 2 Yftw La.3 2 Ywf Uri 29 Mfio GCXi95 6.%0 % 2023 0 0 0 0 0 2024 0 0 - - 0 0 ='0 2025 0 0 0 0 0 2026 51000,000 0 0 0 0 2027 0 0 100 1 55,201,010 0 0 2028 0 1 a50,000 3,312,242 58,516,20 0 1A50,0 0 2028 0 0 - - 58,516283 3.836,681 3,836,681 2030 0 0 3,510,W 62,027,260 4,0661882 066,882 2Ci31 0 0 - - 62*027260 4.066,882 4,066r882. 2032 0 0 39721,636 85,74605 4,310.05 rS,310,895 2m 0 0 65,74805 4.310,E05 4,31005 2034 0 0 - 3,944,934 69,693,829 47569,548 4A69r548 2035 0 0 69,693,829 4,560,548 4,569,543 2636 0 0 • 4.181,630 73,875,459 4.8,13,721 >:4A43,721 2037 0 0 w 73,875,459 4843,721 4,843,721 2038 0 0 - 4,432.528 78,307,986 5134,344 5,134,344 mo 0 0 4 78407,00 544,344 5,13044 2040 0 0 - 4,608.479 83,O6,465 5,444405 5,442,405 2011 0 0 83,006,465 5,4421405 51442r405 2042 0 0 08Q388 8798053 5,768940 5,768,949 2043 0 0 - 87,986.853 5.768,949 5,768.949 2044 0 0 5.279,211 9342E63064 6,1154M 001151086 2045 0 0 - - 93,266,064 6.115,Cffi6 :.6,115,0m 2016 0 0 5,595, 4 98,8621028 6,481 o91 ' I'OAK901 2047 0 0 984862.028 6,431?01 ;6,481,991 2048 0 0 - 59931,722 %1,793,750 C,870,911 %'.::.6,87g911 2049 0 0 - - 104,703,750 6,870,911 ' 60870,011 2050 0 0 - 6287,625 111,081,375 7,2&3,166 7,283,166 2,051 0 0 111,081,375 72834166 7283,166 2052 0 0 - 6,6&4.882 117,746,257 7,720756 ':7,7207156 2053 0 0 117,746,257 7720,150 7,720156 2054 0 0 7,084,775 124,81103 8,183,ses 8,183,865 2655 0 0 A 0 124,811,033 8,1831385 8193)365 2056 0 0 7A88rW 132,29905 8,074,367 8,674,367 2057 0 0 - 132,299,&95 8.674,367 8,674,367 2058 0 0 7937,082 140,237,676 9,1944829 94104.829 2659 0 0 - - 1403237,676 9,1944829 19;1940829 2060 0 0 8A1401 148,651,g7 0,746,519 0,74019 2061 0 0 - - 1484651,937 0,746,519 9,746,519 2062 0 0 0 8,919,116 157,571,053 105331,310 ;':10331,310 2m 0 0 - 157,571,053 14..33t,310 10,3310310 TOlal 100 102,367013 1. Vacant land value calculated in year prior to emstruction as IOYu build -cut trathet value C-5 pipER�SANDLER Denmore Metropoiltan District Croup 2 Revenue 2023 To1ni fisxr xl 4' ain Cdkr&nn Yw Olstr ct Mill Lavy Rovonun [h=ht IMI ta`•7 Spa,iG Oirx•r.hp Us51 MF1 LKy C&xtms Tomas So000Cap W"- 4 CQ& A Gxr Txq)Qt t:xpanso County Tr�ur<i Fa« IWX 01 rkhrmuu Nt43bl3 .for DAt Sxv 0 0,000 0 0 0 0 2024 0 50,000 0 0 0 ':0 2025 0 $0,000 0 0 0 0 2026 0 50.000 0 0 0 :0 2027 0 50.000 0 0 0 0 2028 1,450,000 50.000 72.133 4,328 (1,U82) 75,384 2029 3,836,4$1 50,000 190,875 11,452 (2,663) 109,464 2030 4,03$,882 50.030 202,327 12,140 (34035) 211,432 2031 4,066,882 $0.000 202327 12,140 R035) 211,432 2032 4,310,805 50'(00 2144407 12,868 (3,217) 224,118 2033 4,31n,895 50.000 214,467 12,868 (3,217) 22018 2034 41569,548 50,000 227335 13,610 t3At4) 237,565 2035 4,569,548 50.000 227336 13,640 RA10) 237,565 2036 4,$4341 504000 240,075 14,450 (3,615) '` `251,810 2037 41843,721 $0,000 240,076 14,459 (3,615) 251,810 2039 51134,3.4.1 50.CL10 255,434 15,326 (%832) `-`266,928 2030 51134,344 50.000 255,434 150326 (4,80 266028 2040 514421405 50,000 27070) 16,246 (4,051) : ''282,944 2041 51442,405 50.000 270,760 16,246 (4,061) :282,9.44 2042 5,768,940 44(0) 2$7,005 17,220 (005) (r 1209.$20 2043 5,768,940 50.000 287,005 17,220 (4,305) 299o020 2044 6,115,086 50,000 304R26 18,254 (4,563) ',..:, ;317,916 2045 64115,0.36 50A00 $04226 18,254 (4,563) 317,916 2046 6,481,991 50.000 322,479 1913Q9 (4,837) '- 336,991 2047 01481,991 50,000 322,479 19,349 (41837) 336,991 2048 6,8P0,911 50.000 341,828 20,510 (5,127) -`:357,210 20,10 $,$70,911 50,000 3413826 20,510 (5,127) $57,210 2050 7,283,166 50,000 362337 21,740 (51435) 378,643 2051 71283t166 50.000 362,337 21,740 (5,435) )3781643 2052 71720,156 $0.00 384.078 23,045 (51761) 401361. 2053 7320,156 50.000 384.078 23,a15 (5,7611 1401,361 2054 ES,103,365 50,000 407,122 24,427 (01107) 425,443 20M 8,163,365 50.000 401,122 24A27 (6,107j '. :425,443 2056 $,67067 MOW 431,550 25,893 (6A73) I 450,969 2057 8,674,367 504000 431,550 25,803 (81473) `:'450,089 2058 9,194,829 50.000 457A43 27,447 (8,862) 478,028 2050 0,10029 60,000 457,443 27,447 AM) 47$,028 2C60 9,7461519 50.000 484.889 MOM p,273j :.506,709 2061 9,746,519 50.000 4 0$9 29,003 (71273) 5%j09 2062 10,3311310 50.000 513.983 30,839 (7,71O : c 1537;112 2003 10,3312310 50.000 5131983 30,630 (7ji(0 537,112 11,67907 NAM (175,192) ;12,205,06:1 C-6 PIPHRjSANDLER 2023 2024 2025 2026 z027 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037 2038 2M9 2010 2041 2042 2043 2044 2045 2046 2017 2046 2049 2050 2451 2352 2053 2354 2055 2056 2057 2053 z059 2060 2061 202 20&3 Denmore Metropolitan district Nos.1-5 t9ebt Service Total FiswrasaAudt3.Uj for [h-4+i S�rci-r., 6wkSH23 1k Da1.12lt12023 Pry $30.5600a7 Prot 522,3_`9.8W e rnce - ;:..Smo62163 .::. [k,k<d 121ll21k}3 Pn:. 1,55,440,Coo f'.toj: $2417CAJWO : E,w. 329,830.000 Total. Annual Su+tJnr, 5<i us Fn FUfKkWlF1fllld Ued � a Scun:e ratnfltp�lh,�3 U: I.axa W I�r k�s xi FkrnuntO atp n C�Jbt:AMV ) Gow4a0? ysls SuiiWL�btto !� 0 0 0 0 27705,000 0 Na No 0 0 :0 0 2,7051000 0 Na N 195,058 0 0 195,058 200,058 0 Na No 6971065 0 : 4 697,965 3,5981023 0 Na 79811 1,091,732 11520im 1152%000 (436268) $4161,756 0 71% 226/ 1,392,879 1,528,000 1,528,000 (135,121) 3,0261634 0 91% 145Y 1,5871387 i05631000 11583,000 41387 $2031,021 0 1CA% 114% 1,0 U70 1,680,250 i,68Q250 2,620 3,033,042 0 100% 90% 1,682,870 1,682,500 1,692,500 370 3,034,012 0 100% 93% 11784,038 1*779,250 14770,260 41833 3,038,845 0 100% 92% 1,7&i,083 '1;780,750 0 1,7802750 3,333 3,042,000 0 178 100% 86% 1,891,368 Refunded 148884200 1,888,200 $1168 0 3106 100% 240% 1.891,368 11886,450 11886,450 4,918 0 4,918 100% 230Y 21005,000 21004,550 2,004,550 540 0 540 100% 227% 2.005,000 21003,000 21003,900 1,190 0 1,190 100% 2124/u 2.123,636 21122,950 2,122,950 216&4 0 2.685 104Y 20936 2,125,635 2,123,100 2,123.100 2,535 0 2,535 100% 104% 2.2531113 21252,800 2,252,800 613 0 613 10095 1m 2,253,413 21253,150 21253/150 263 0 263 100% 175% 2.38058 21387,900 2,387,900 958 0 958 100% 171% 43880$ 21388,000 21388,000 858 0 658 100% 156% 21532,420 215271350 2,527,350 5,070 0 5,079 100% 151Y 2,532129 20531,750 21631,750 679 0 679 100% 137Y 204,615 2468Q100 200,100 015 0 4,515 {0ft 131 5 2.681,615 21683,050 :2,683,050 1,565 0 1,565 1009�q 118Y 2,815,932 20844,800 2,844,800 1,132 0 1,132 100% lil% 2,845,932 20845,550 24845,550 382 0 382 10095 98% 3,010,028 81014,050 31014,050 1,078 0 13078 100% 00% 3,016,028 $0012,000 $1012,000 44028 0 4,028 1004E 78% 3,19%184 31194,350 3,494,350 31834 0 3,834 100% 69% 3,108,104 3,193,750 3,1031750 4434 0 4,434 100 e 579/ 3,3904315 3,386,350 31386,350 3,965 0 3.965 100010 53Y 3,380,315 $e3804300 $4380,300 44015 0 4,015 100% 46% 3,693,974 3,589,150 3,589,150 44824 0 4.824 100% 42'X 3,5931074 00,750 31593,750 224 0 124 100% M 3,8091852 $16050800 3,@05,800 44052 0 41052 1009s M 3,8091852 3,809,W0 :31m,000 852 0 852 1009V 26% 44038,683 4,034,850 034,350 41333 0 41333 1404E 21% 4,0381683 40350100 4,035,100 34593 0 3,583 100% 15% 4,2$1,244 44277,700 41277,700 31544 0 3,544 iC0% 10% 4,281,244 412790800 4,279,800 11444 0 1,444 100% 0'?E 100,011,966 111561,750 88,036,050 994598,600 413,366 310421000 76,368 E I CYn nos Ini :anY914n �H 12,42tk� C+CS[I SG ir,yn:r7 C'/ PIPER(SANULER genmore Motropoiitan Ristfict Group 1 Rovanua 2023 Tutr11 A WWictaI Collec6cas Yea OOorations MIII Low fiov¢nuo (WA fAllLcwy S)nifieounerlilp Wol fdip Le. j Cdlealiorts Tastes 10.Nocap 03Wti7 0.M) f1�a)Ya Io.o9aTa�4 8xpeneo GmotyTleasutu Fee Tolei nc 7weAyMaNe fol C)Xfnhans 0 0.000 0 0 0 0 2024 0 10040 0 0 0 9 2025 3,828,870 10.000 38,289 2,286 (574) 4Q000 2026 1302,254 10,000 135,023 $1061 12,025) 141,05$ 2027 21,076,335 10.000 210,763 12,583 {3,161) 2209184 202$ 25,4181861 10,0010 254,189 15,175 (3,813) 207551 2029 26,7731542 10.000 267,73$ 151984 (41016) 279,703 2030 28,379 954 10.(m 2931800 161!i.43 (41257) 2961485 2031 28,379,954 104000 283,800 16,943 (4,257) 20$,485 2032 30,082,751 10.000 300,828 17,959 (41512) 3142275 2033 30,0621751 10,o00 300,828 17,959 (4,512) $14,275 2034 31,887,716 10.E 318,877 19,037 (4,783) 333,131 2035 31,007,710 10.000 31$1877 10,037 (4,783) $33,131 2030 $8,800,979 104000 338,010 20,179 (51070j 353,119 2037 33,804,979 10.00D 338,010 20,179 (5,070) 353,119 203$ 354829,038 104o00 35800 21,390 (56374) $74.30$ 2039 351829,038 10.000 3581290 21,390 (5,374) 3747306 2040 37,978,760 10.o00 3790768 22,673 (5,697) $96,764 2041 37,9781790 10,000 3791788 22,673 (5,697) 396,764 20.12 40,257,507 10,Co0 402,575 24,034 (6,030) 420,570 204 40,257,507 40.000 402,575 24,004 (01030; 420,570 2044 421672,958 10,000 426,730 251476 (6,401) 4451804 2045 42,672,958 104000 426,730 25,476 (6,401) 445,$04 2046 45,233,335 10.ODO 4529333 27,G0o1 (6,785) 472,553 2047 45,233,335 1o,o00 452,333 27,004 (66785) 472,553 2048 47,947,335 10.000 479,473 28,625 (7,192) 500,906 2049 47,947,335 1o.000 479,473 28,625 (.711024 50006 2050 50,824,175 10.G00 508,242 30,342 (7,62414 530,000 2051 50,824,175 10,000 508,242 30,342 (7,624) 530,960 2052 53,873,626 10A0 538,736 32,10 (86081) 562M8 2063 53,873,626 10.000 538,736 32,163 (81081) 562,818 204 57,10$,043 10,000 571,030 34,092 (8,566) 5915,567 2055 57,106,043 10,000 671,060 34,092 (Bts%) 596,587 2056 6015321406 10100 6051324 36,138 (9,080) 632,362 2057 60,5821406 10,000 605,324 3086 (WO) 021382 2058 64,164,350 10,000 6411644 381303 (91625) 670,325 2059 641164,350 100o00 041,644 38,306 (0,625) 670,$25 2060 68,014,211 10.Cw 6804142 40,604 (10$202'1 710,544 2061 68,0141211 10,o00 680,142 40,004 (10,202) 710,544 2062 72,0951064 10.000 7201951 43,041 (10,814) 753177 2063 72,09510&1 1o.000 720,951 431041 00,614) 753,177 Total 1E,91ir,603 1,010,100 (253,794) 17,675,909 E1 Cnatt tk 11L FR,ue Ratni.1,22?i9l VY Faa i,:deJ2: PIrmn (SANNL6R L.1 CFeOi_fu lID ;'-a�.iro fl31n;.752:?Lx VI Pd+ Genmore Metropolitan District Group i ROVWIN T otal Mown Oparailont: MITI LavyRavanua ozpansu Yotai &• -; td vAte2t Tuurl03PA MA Tou91(WA FAO 4)nNo OAlni slop G utq Tte: u;cv RcwuwAv:JaHo Collection Year Let/ LEiy ColWims Taxes Fee fat (? Uaaons 3,OTJ Cap 'wwir 0,wY 3 uo0 TdItTW 0 ROW 0 0 0 0 2023 2024 0 3,00 0 0 0 9 2025 31828,870 3.000 11,487 686 (172)) 12,DO0 2026 13,502,254 $1000 4507 2,418 (0) 42,317 2027 211076,335 3.000 681229 31775 (948) 66,055 2028 25141$1801 $.ow 7012U 41553 (1,144) 70,665 2029 261773,542 3.00 80,321 4,705 (1,205) 03,011 2080 281379954 3.000 851140 5,083 (1,277) 88,946 20 28,379,954 3.000 85,140 51o83 (1,277) 88,946 2032 30,082,751 3.01 90,248 51398 (1,354) 94,282 2033 30,002,751 3.000 90,248 51388 (104) 94,262 2034 31,887,716 3.0co 95,663 51711 (1,435) 99,939 2035 31,$87,716 UO 95,603 5,711 (1,435) ON$ 2036 33,000,070 34W 10114W 61054 (1,521) 105,996 2037 33,800,979 3.000 101,403 6,C54 0r521) 105,936 2038 $5,629,(g8 3,000 10747 6,417 p,612, 112,292 2039 36,829,038 3.000 107,487 6,417 (I t6l2i 112,292 2w 374978,7W $4000 113,930 Ow 0A% 119,029 2041 37,97817W 3.Cm0 113,936 61802 (1,709) 119,029 2042 4Q257,507 $.000 120,773 7,210 0lei ; 120,171 2043 4257,507 36 00 120773 7,210 (1,812) 126,171 20,14 4216721958 3,000 128,019 71&13 0r920�1 1331741 20a5 42,672195$ 3.000 128,010 7,643 0WO,, 133N 2446 45431335 3.000 135,700 81101 (2,036) 141,766 2047 45,24335 $1000 135,700 8,101 (2,o30; 141,760 2W8 47*947,335 3,000 14842 84587 (2158; 150,272 20,19 47,947,335 30000 143,842 807 (2,158; 150272 2050 50,8241175 3,000 152,473 9,103 (2287 159288 2051 50,824,175 Hoo 152:473 91103 (2,287) 159288 2052 53,87U% 3,000 161,621 04649 VA24) 168,845 2053 5.3,873,626 3,009 1610621 91649 (2,424) 168,845 2054 57,106,043 30c0 171,318 10.228 (2570, 17076 2055 57,106,043 3.000 171,318 10,228 (2,570, 17076 2056 0002,406 3,000 18W,597 10,841 (2,724) 189,715 2057 60,532,406 8000 181,597 10,841 (2720 160,715 2058 6411643350 3000 192,493 11,492 (21887) 201,097 2059 64,164,350 sow 1920 11,402 {2 887) 2014007 2060 68,o14,211 3.000 204,W3 12,181 (3,061) 213,163 2061 08,0141211 $000 204,W3 12,181 (3061) 21341W 2062 72,09S,064 3,000 216285 12,912 (3,244) 2251953 2003 7205,064 3,000 2160285 12,912 (31244) 225)953 Total 51075,881 300IC130 (76,138 5,302,773 il252i22 C-9 PIPERlSANI]lER DenmOre Metropolitan DlBtrict Group 2 Revenue 2023 ate As.� oj v due ill cdkdionye bparsiilans III avy Ravanua oUl R4dt Lw y BTxeili5 0wirt 91ap OilAMiPLvq cd4gctl s Taxca toLoWeap W 50 6.G0 10 WO Tta�qt Expanse Ca n1y LE wr a Fee 1505'0 a1 Fie mi;Amdable foropuatiam 0 0.000 0 0 0 0 2024 0 10.000 0 0 0 0 2025 0 104000 0 0 0 0 2026 0 10,000 0 0 0 :0 2027 0 10,0oo 0 0 0 0 2028 1,450,000 10.000 14,500 866 (218) 15,148 2020 3,83WI 10.Oo0 38,367 21200 (576) AM 2030 4,066,882 100000 0669 2,428 (M 42,487 2031 41066,882 t0.M 40669 21d28 (610) 42,487 2032 4,310,805 10,000 43,109 2,574 (647) 45,W 2033 4,310,895 10.000 43,109 2,574 (647) 45,036 2034 4,569,548 10,000 45,695 2,728 (685) 471738 2035 069,548 10.000 45,695 2,728 (685) 47,738 20$6 043,721 10,000 48A37 21602 (72) 50,002 2037 4,843,721 1000 48437 202 (727) 50,802 2038 6,134,344 10.1200 51,343 310(5 (770j 53,638 2030 5,134,344 1010oo 51343 31065 (770) 53,638 2040 51442t405 Mox 54,424 3,249 (816) 59,857 2041 51442,4O5 Io,o 0 54,424 31249 (816) 56,857 2042 5,768,040 101(x 57,080 31444 (865) 60,268 2043 5768,940 io,o 0 $7,669 3,444 (865) 00,268 2044 6,115,036 10.090 61,161 3,651 (917) 63,884 2045 015,086 10000 61,151 31651 f017) 63,894 2046 61481,991 10.coo 64,920 31870 (972) 67,717 2047 6,461,991 10,000 01,820 3,870 (972) 67,717 2048 60870,911 10.(KT0 68,709 4,102 (1Ml) 71,780 2040 6,870,011 104(Ao 68,700 4A(2 (1,031) 71,760 2050 7,283,166 10,000 72,832 048 {1,092) 70,037 2051 7,2931166 10.Coo 721932 41348 (1,092) 767087 20$2 7,720,156 tor" 77,202 4,609 (11158) 8052 2053 7,720,156 10.000 77,202 41609 (1,158) 8002 2054 8,183,365 10.000 81,A44 4,885 (1228) $5,42 2065 8,183.365 10.000 81,B34 4,885 (1,229) 85,492 20% 81674,307 101W 86,744 5,170 (11301) 9021 2057 B,674,367 M000 $6,744 5,179 (1,301) 9021 2058 91194,829 10,000 91,948 5,489 (1,370) 96,058 2050 01194,820 1okw 91,048 5.489 f1370j 0058 2060 91746,519 10.000 97;165 59819 (1,4621 101,822 2mi 9,74519 io,ow 97,465 5,819 (1,402) 101,822 2062 10,331,310 10,000 103,313 6.168 (1,55o) 1 107,931 200 101331,310 10,000 103,313 6,168 (1154 107AII Toial - - 2.347,636 140;154 (35,215) 2,452,575 PIPERiSAMULER Denmore Metropoiltan District Group 2 Revenue oral Town oparal one MI I Lary (tavonuo Expow ToIW Asp lVAY3in Town OWttill TownMIMA GwntyTm'urer FkyviuuM,43Ho ccllecfion Y� Lay Lc�yC:okc tons Taroa Fie foropcfabon 9 ow Gap 40503C 6.00% I SiY/ 3.Mr)TSrc�i 2023 0 0.000 0 0 0 0 2024 0 3.000 0 0 0 2025 0 3,000 0 0 0 0 2026 0 3.000 0 0 0 0 2027 0 3,000 0 0 0 0 2028 1,450,000 3.000 4.350 260 (65) 4,544 2020 3,836,081 3.000 11,510 687 073) 12,025 2030 4,088,882 3,000 12,201 728 (183) 12,746 2031 4,066,882 3.000 12201 728 (189) 12,746 2032 4,310,895 3.000 12,933 772 (194) 130511_ 2033 OIM95 3.000 12,933 772 (194) 13r511. 2034 4,56%548 3.000 13,709 818 (206) 1401 2036 4,569r548 3.000 13,709 818 (206) 14,321 2036 4,843,721 3.000 14,531 ue (M) 15,181 2037 41843,724 $000 14,531 us (218) is,i$t 2038 5,134,344 3.000 15,403 920 (231) 16,092 2039 5134,344 $ 000 15,403 920 (231) 16,02 2040 5 442,405 3 00) 16,327 975 (245) 17,057 2041 5,442,405 3.000 16,327 975 (245) 17,057 2042 5768,949 3.000 17,307 11003 (200) 18,080 2043 5.7661040 3.000 17,807 1,0.33 (20 18,080 2044 6,115,086 3.000 18,345 1,095 (27S) 19r16S 2045 6,115,086 3000 M345 11095 (1.7$) 190165 2046 6.481,991 3.00) 19,446 11161 (292) 20,313 2047 6.41,991 $ 000 19,446 11161 (292) 20,315 2048 6,870,911 3.000 20.613 17231 (309) 21,534 2040 03870,011 3.000 20,013 11231 (309) 21,534 2050 7283,166 3.000 21,849 11304 (326) 22,020 2051 7,283,166 3.000 21;8.19 11304 (328 222826 2052 71720,156 $ 000 23,160 11383 (347) 24,106 2053 7320,156 3.000 23.160 11383 (347) 24,196 2054 8,183,365 $ 000 24.550 11460 0% 25,047 2055 8.183,365 3.000 24.550 11466 (368) 2SA47 20% 8,674,367 3,00) 262023 1,554 (39( 27ri$0 2057 8,6741367 3000 Y6,023 1,554 (39q 27,186 2058 A1941820 3.000 27;5&1 1,&17 (414) 28,818 2059 9,1941829 3000 27,5M 11647 (414) 280818 2060 97746,519 3.000 29,240 11746 (439) 307547 2061 9746,519 3000 29240 1,746 (439) $0,547 2062 10331,310 3.000 309994 1,850 (466) 32,379 2m 40,3317310 3.000 30,9)4 1,850 (4)Sj 32,370 Toth 704,291 42,0.I6 j10,5&!) 735,772 E 1 ilnm_R up 4.[4 f4r,if.1 �.» rty?F-: Cyr 11 �(�UR��S ANC USES �� �t1Ni� DENMCiRE METRt3P0LITAN DISTRICT NC751n5 Weld County, Colorado t ENERAL OBLIGATION BONDS, SERIES 2023 Gszt��i [7atr 32ICa1r'2C?23 f�€IKrm, Date: 12/01P2023 Stru!"cc�s: f3orld pry3cecds: Par Aniourrt IX56140&10G prcj�t Fund G�:postts: Project Fund 2�'.35�J,c'�:l"6:5 rather Fund Ii�AaGiks: L',apit39i��'t lriter�st Fund i;,G[�7.QCr Surplus Deposik 2..i!75,C"GG " 2£t9,UC� 0u C;c�t Of IsSLP)r7cO_ GtherCos4 of Issuance �iaG,Cd�'J.GG U idemiriters Discaunt: Undeiwriter's Discount f1111200.0G 30 k;y)O, Cim,G? .kal 29, tv22 4:2fi ani f'r9tsare� by Staeciul District Grcgrp 1�¢rtaslca 8 a0r� C%nmore MD.E_71:5?2-2@23SPj 12 �c?Nb SUNiMA�tY ��`A�7SYI�� t3ENMC3RE MiEfiRt?PC7LITAN DISTRICT N9S. 1®y Weld County, Colorado C3ENERAL OBLIGATION BONDS, SERIES 2023 [7.ytrd [gate 12�"r7112C?28 Delivery Deate 12: u1f202:3 LaTA tJ1317116ty 12,101/2653 Artriiraga Viold 5.0C�b�00°/ii irue Interest Cust Crlgl 5.151874 Xo Ides Intefe t Cost (NIC) 5.Crc6208%n All -In TIC 5,2206067% A�rerage Coupon 5.NOD 00% A�lel�9e Ufe (vear�; 23,17£ Dutntioin of lssue kyearsj 031v1.vl Pztr Atttor.¢tit 3t,€tiJ.U154,JCi [3t rtti Pr,5Ei7.UQQ,tlta Total Interest 35,�11 C,25p,{lQ tdeI Interest Mx0277:15R00 Tata1 Debt Sens ice 65,9767250.t10 hlaxirrtum Annual FJelJt Seivioe 31197125000 Average Annual Debt Serrice 21W,20533 Unders•orilet' a Fees {nor S 1000:t Averago Ta�tadavn xhor Foo 20.000000 `Total Under'vriter's Discount 20.000=3 Bid Brice 08.000C;70 C-'ar ,�L'�tec,�e .Averacpe B.jru1(;c�rn�t�r7H11t ir'�tl�r: Pr�c� ;'olf;��orr t11� 1 earn bond Dire 205S 20,56Cr,0C�}.CO 1 W,C7J0 5.000% 23.1 TS 21,560,0Cr{iJ.70 23,178 All-ln ArUitrac�a TIG TIG Field Par Vol tie KI 11560'00D0 CMG "s0,560,CCi[7,00, 3G,.1r713.C1t 0100 + As cru-ed Interest + Promium (Dismount) Undervaitor's Mic-cunt (611,2GI:,.C?LVj (611,2C10.txij - Cost of Issuance Expense i3 Ju,CCfi,G}1 - Other Amaunts Target%lakie Target Date 12.0112023 1214)31,"2023 12/01f2023 YION 5A510AT4`o 5.22 U(57% 5.[)L)woolsfi .d.a129, �22 fl:26 ant Prgparrti fly Stieclal Gii�trl��t Crcnrpa iEananc:s �,isD4 Gertrrore RAC? Et_71b'?�-2@'�3SPl 13 �bNd K'f�l�l�J�r LiENMORE METRf3Pt?LITAN DISTRICT MOS. 15 Weld County, Colorado t ENERAL OBLIGATION BONDS, SERIES 2023 A�I�t�lrlty 8ofid Compownt Nts Arnount Rate Yield Pike Torm Good 1)u& 2052.: 12A7112024 5.0U'YX 54000'-� 100,000 12M112025 5.OTYN 5,WfJJ X 100,OUD 121O12026 5.000% 5.CWX 100,WC 12101.12027 5,0?J% 5,03r5`Yi 100,OW 12r'0112020" 5,00J% 5.600% 100,100 12/0112020 5SX 0 5.007% 5,(X)01/K 10010fO 12,10112030 155X10 5,001% 5,c N 1001rko 1M12031 1650CrCO 5:00001e, 5.C-00%, 100,GCo 12,111r2032 270,M0 5000':f, S,MNo 10040M 12101l2033 265, E ci 5 O0J% 5s 00%, 10O, GC0 12101e2034 A05,030 5000%i 5,CM% 100,DCO 12 iJ1.l2035 425,CCO 5.003% 5,CO3 . o 1 JO.OGO 12exiii?o3c 55qcFwlJ 5.007% 5.d'.�10?A 1Ja,c'cv1 121M12037 5901021 5.007/1 5t(MA3'A 1130,E100 12t)D1i2G39 7401OCA 5,0071A 51&DO"ro 1CIO, OCf1 12,0112039 790,G^7 5,Q01D/h 5,CJO`-Yn 100.GCO 12101.12M G4sJUGO 5,0ci %i S,Csa7% 100.ccD 12rU1P2041 9&O,000 5.003% 5100OX 100,GC0 121V12042 1 175,0':{7 5.rJ J' ; 5,0WYu 10OXX0 1210112043 1,2',:5,(YuXJ 5.00J%j 5,ir 0 '0 10O,000) 121O1i2044 1,4401CM 5,0OJ4)A 5,W(MX 100.UCC) 12A7112045 IT5151O'CO 5.O(Y3'% 5.00TXb IOO.CCO 12r)01?2046 117401WO 5700a%, S,CO) % 10Q,Q CI 124142047 1,6251CC 5.00J%si 5mC0Q%, 100tOCO 12,,MrZ046 21M$ 0D) 5.00J%i 5,0J%i 1005000 1 eMrZO44 2,1650M 5,003%r 5,000%i 100,000 12,Y11P2050 21465fOM 5,0TiIN, 5MOON 100,KO 12,1Cl1re? 051 2,590,OM 5.OW11A 5,f %h 1001000 12/01/2052 27€torociJ 5.00nt u 5600ex 10O.0Ob 12111112053 3,CL45tC100 5.00YX 5.G00%, 100.00O 301 550, co"A C?ated E7ata 12iL112t't2S C1Glivet}Ci�r� 12/01120<�3 firer. t flu1 cn 06,0112 f�4 Pear Arrr, urn[ F�rgductinn Und4rArri#er's DismountDismount F�arrhaF,e Prioe Ac N naxd I rttere..;t tJcA Proi:txoda ,hsi •29,'�G22 ry:2G em f�rel�:rrad by Special Cisltihl Grcay� 301560.000,00 ifi0;G0[},GG 1C�tk.uuCt.Jt7G°��, {G11;20[},��j i2.uoc,JOGr-,} ?9,J48.600.00 0+?.006"r".J000/0 2�1,fx4$.oGG.C1t) (�na�tc� ^o Snir C�nrr,ore hfiC.E4_'t 1522-2is23SR,i 14 N�� DEBT S��tVI� DENfMOFiE METROROLITAN DISTf�IDI' NOS. 1�5 Weld County, Colorado QENERAL OBLIGATION BONDS, SERIES 2023 Period TOrai Interest Mot Endirky principal coupon interest Debt smice Fund Debt Service 1217J112024 1, 528,EM 1528,0011 1,5281000 12A7112C125 115281CX30 1,528,000 115281colll 12117112026 1,528,000 1,528000 1,528,C1.10 121'01 r'202 7 1, 528,& 30 1528;000 11528,000 121D D202€1 1,5281030 105281,000 11528IC400 IMi1120219 55.000 5.0C'•01A 1,5281CKJO 1158 ,000 115%93,WO 1gM11'2CfifJ 155,000 5.00% 11525,250 1,62804250 11680,250 12f[1112W1 165,OW 5.0w'y" 1,5`l7,5U1J 1,682,500 1,692,500 12N142032 270;m 5.0c9lef, 1,509,250 1,779,25E 11779,250 12AD1t2033 285,000 5.C!G 1ssh 1,495,750 1,7813,750 1,780,75Q 121011'2034 4W000 S.00DI/r 1,48115QQ 1,138£i160Q 11UF),ra70 12101P2035 425,OC.0 5.00Q`.'/1 11451,250 11UP51250 1,e;�6,250 iVoi1203+3 Cf>J;C1130 5.0CM/i 11440,MoY 2,000MO 2001070 12411P2037 590,030 5: 000` , 1,912,E 2,002, D3 2,G472,C00 12A)11209V8 740.0J0 5,00IMMN 1,2g2,5W 2,1122,501 2, M500 12+C111 ' ] 7A0,000 5.{}�;}w'o 1,2A5,5YJ 2112515W 2,125,5�J0 1210112040 N5,010 5,w3 u 1,3rJ6,5100 2,2511503 21261,5r50 1210112041 9 0,010 5.CV5rtf1 1,250,250 2,2.49,251 2,2d0,250 1210112N2 11175 t,+JO 5.MMA 112091750 2,3K751 21304,750 121D112L143 11235CUO 5.Lo04;n 11151jua 2,386,010 2,3086tW0 12A71PE044 1,440,010 S,t1C�7}% 1108912:A 2,529,2510 2V9,250 12A7112045 1,515IC400 5 1 000% 1,017,250 2,5a24250 2,532,250 12/01/2046 11740j000 6.00=1',!i 941,500 2,681116M 2,6811500 12/01/2047 1,8251WO 6,0011i 854,6fM 20679.600 2967915L10 1210112046 210W,1000 6,0011i 763,250 2,843,250 2,843,250 121n112C�1C+ 2,1fi5,C4J0 5.0C�; % 659,250 2,814 250 2,844,250 1210UHts0 214651050 5.00% 560,G�,7' J 3,Q15,cac] 3,01510x, 1210112051 2,590,%70 5.053LYn 426175IJ 31016,750 3,t716,750 1210112352 21C!,CaIQ S.0 2°rn 2971250 3,19712513 3,197,250 1210112053 31045,MQ 5.0 51A 1621250 3,197,2543 3,1971250 ?Q, SQ;OCQ 351416125+J C5970,250 4,5c:4,000 6113W,260 .hp129, �?22 4:2€� aM Prer�r'9d t�'y 3peeiul Cistrlct faratry! I�rtanr..� 8 nQ0 Cflrimore AA0.E1_71522-2aV3SF) 15 • it DENMGtRE M�TRt�PQLI�AN �I�7RIG7 Nc��. 1-5 Weld County, Colorado GENERAL OBLIGATION BONDS, SERIES 2023 Rr)nua( P'utitd fir DoW �ri1;lilPy P71lh,':1,[3;t1 (;[)111;t7)1 dllft�t'1).!;1 .ScalVk;k� �J.11'It'f1 of, ,111 i2It$1 7t 1,UtHt 16-4,01Iu 12111P'C74 IN i- 1; 7fta falcl 1,1',-p1},flfill Ufi,411r2ir 5 If j,r.KNl rV�.,Uf1U 1,.111 1y r, I&iIU(Nf 7&t,11{IU Ixs5,+.'lull 013M P21)26 7(=1,U01t 7FtAvM0 12x1IF21L'It 71rj,UiNF 714 E41U 14n21i11U11 1Ajt111?21:+27 Fi>i 714141 JJ4 10 11'i11,:1.10f rcot 71>iIvsN1 !1]4 10 1 h.'Jfi;.lU11 UrlAll .'tY.-.'R F11,Irpp 7lst,flUr1 12,Y1vM28 761,U0n m4,400 i1s23,4100 Uli,`(41 f.?.(:/2() 71r1,Uil(I 7(4,U(IU 12Mj32020 65,f700 5Mq(e16 7&1,fC1n il(9OO 1,553,o00 Uf,'111 r2109U 7fi`,625 1f2 f26 12,111r:t;{)1) Is5t om olxl'ju 7Q,(%ty m7,1;2.`, t uflMIM'dial 7!1i3, 75lt 1';%I:f Siu I}XftI OKI1 I6!,,U(IU if Uf'FAUN, F11'7, 7hfP !ret'ij!10 11 i %wrl f)fi,'t11P`r.3'r 71'k11625 754,625 1J 711 f11.1"r_' 27fI,1711U UI'I:I'h; T°nl 6?!i I U 4.61P, 70771i,2�J (I Mi1111P21'r:1.3 7 -fV5 747.r,7s 12'111:2M 295,U00 5 nrn.3G 747,075 1 n32 875 11780tt? 0 131i4111 P' 'ceait 7dit,7:r0 7.U.975t1 12i1I1YQ,C134 41M,f.41(i M4 7f11;41" ko, W1109) 1 11',;15n 1,1416,!lnli U81111r00t, r1ljj6;)1, lt!n.,c AI tPatITfxln 4a,,uflu iiOPA(9f, TAb46 ii, 1 15 r,i,P:, t blf>f:dl I Urittl) V2W6 72ntOw 720,IKIU 12el VeCOH :11m,lmlo ¢(1Ix)% rc!f)glxfuf I ?l!?I,Uil1.l 2,(lill') ill ofi1411 PW2fi:17 71;:4 1YS q1 m1 ,)--1110 1V,111191Ya7 .`dW:I,Ullu , tC'<r)6 A16,LYNl 1^!:4,lNlu 9'Itx)rF001I Utitdllt71;5j1s 6!lf92h0 rgj,7±n i2,O 2a38 740,000 5 J)C+J4& 691,2-50 I A31,250 2,122,50n U1P.YlI?90120 ti1p,7ta1 fiO'no 12,111P21 O Mi)t o 5 RY.N; 6120750 IA52.750 2,126,500 UUM1i21Mtl 'kZt2W 6fr3.251J 12M C941) l,j r,,1591U ) r11xI11;; (i5:U,2 4) 1 ` YJ'25t1 212 1 ,51111 UlMl1*,Olt I (4-1:fgis 6xltl l , Qtt([ Xi tt nl I,IHIII Ul a"(, f ,l's?°� 1 { ttl (f, 2,P411,Phm) Or,,'p1? M2 RN 875 O1ht,075 t2,111t2C442 1117Y,U110 UEFA si 01 )41,R7!i I F1',21,1 `l.:A41,IA11 MIT1P2M3 Ir235,U00 5AC43% 57516W iPi!J„EAO 2,376,+JUn Uli1il11'21kf4 51d1,1729 5*1I3,+i2 12,111r71M4 ir{4€I4UU0 S np11"v 544,6211 1 s11,14,W, 2 1211 rf511 Ui3,tillrllk€ , its (.',^,,1,`!e ftIM,t',!n W04MR[ 5 1,5f5,4nn ,nm,1b 5n8,fi2!f 7r1231525 -,sn2.25n 06,171:211116 470,754 477,750 12t{I t!71111P I,F4<I,Ik1U 5u1:�:14v 471i,7fdt 2.211L75❑ 2,Iri1,5Ul1 UGTI1211147 427,25U 127.250 i 410411? P4b 1 .'-'Y5,1:NIU h Ul r1G 4%77511 71 2.95u l,f,"7!? tiull nUM1,71?4R 36l,6Fti amp?2:5 72.Yll 1204ri Pah 1,tji :',C'-2,St 1(I I_Y(i,'ll l r,}fW) `5 (l.fti1!i +`I ti?.", 12'111:204U 2ja5,Un0 5M016 32g,625 2S1.t,625 2JU411,25n Uli,'lllt!I).51) '27!',,1XNt '79pllru 12141 P21).50 21{F.:ri,l�ll[I iplxl'.!, '27$,U AP 7.74t1,U11U ;tpj call Ufi,NlV2.0s1 ;t1:5,;376 913315 1; 11t1??4'•il 7 S! .I ntK Utl 7^b 213:375 7PIh3tMf1 3 011i,7ii11 nG,�ir2r>.52 148,625 I45,625 ti, t!llr.i(1 06,1t1P2CX53 769125 76,125 12411205i3 JA1`,,UUU SJJCi1')& 16,125 3.121,125 31191;261.1 31i`,f,?I,IJIttI 36,416,2ssl1 f75 WO,2:iU c4)jwG,26tt .f111 29, �)22 9:26 tirn Plaliarad b'y Sp9;iUl Cisiricl Grc.��) I�na11t:5 "o "anp GenritlJle MD.Ef_7152� �IT23SP;1 113 CALLPR0V1 0NS D�NkoRE � �nopoLKAN om«nI�T No&�$ Weld Count, Colorado GENERALOBBGA»ON BONDS, SERIES mm , Ol2029 ,02 m ,eolg0 Ja gtm ,0112m ,Am ,I f�IeNM1?�1= tviL�TiC?�1�L1'TAN C�IS`�I31�Y NtaS.1-� Weld County, Colorado ENERAL t3BUGATION BONDS, SERIES 2023 F'etind Ending l''raytoscd d'rincipsi f%ro�sed Debt Service Debt &en+dce Adrustmmenfs 7ola1 r�d1 Deb' Serl+tce Fievenus constrernfs Urus€rd Reve111jes L7`rbt :3ervt=e cobetage 12;oV2fN 14,5234000 (1,528,000) 12101121125 1,528,000 (1,62C^ 000) 195905;7 MAR) 12101i7iV.`a6 I$528,Q00 11,528,DDD) 6*47,965 697,965 12rdir20.2; 1,52va,000 i„ 2G fiss5 i,(Y91,732 (06,268,) 71 f1 51'� 12101P2,P26 1,528,000 1,528,C+CF0 i,342,K)3 t135,1'21) 01.1G$6 12101P2029 5510D 1,583,000 11563,OCFD 1,5"c7,:?37 4,387 100264 1210112030 155,C s 116W260 14 rMIQUJ 116h21670 2 620 100.1fira 12;01A 2031 105,vv"3 11082,500 1,662,503 1,Oa2,470 370 100.020s 12101l2032 270,€ 5 1177G250 1,7791250 1,784,03 4,033 1002794 1TQV2L)03 U5,"10 1,'rc3Q,nQ 1,100,750 VV4,Q$3 3000 100191 1210112034 40610M, 1,866,6Q0 i48BSJ�00 1,641,0Ama 068 100PM14 12101120 rG 42ortvu r' 1,68£+,250 10886,E&3 1,$91,ail8 5.118 100.27% 12t01P206 6040M 2,000C100 24ODDIDDO Q1005,CAG 5,09Q 1DD,2:5':: 12; ILM7 5901C D 2MY2,600 2,UO2,GL7;:t 240,030 3090 tD0.151:p 12101P2036 740,000 21122,500 2, 22,C00 2,125,035 3.136 100,1504 12`01r2039 7601COD 21125,500 2,1251600 2,125163P, 135 100.01% 129)1.QN0 045, 'O 2,251.500 21251,601 2,25: 1910 1OD, RO.1: 1WDV201 99D,000 2,249260 2,24942Eej r413 2,253A13 4.163 1t10119% 121V12042 1,175,0.0,3` 2,384.760 2,364,750 213viv,M 4,108 100.17% 12'01r2043 1,2-35,000 2,NMY,D00 2;=36P,0(Kj 2,:37r,7f165:`i 2 68 10D.12% 12;U1r2044 1,447,003 2,529260 2,529,2_Q 2l6rQ4429 3,179 ipD,13'-,.x 12,Y71P2(145 14551510cg0 216T2,250 215322;_+J 215v4;1.29 179 t00.015s 1 O1i201G 1,740,000 21081,600 21G6i1500 216-&1,015 3,115 100012M 1.'rCi1rM7 1,826,000 20,679.f)Q4 206791500 21664,615 9,116 100110'.' 12;G11,20.18 21080100D 21843,250 2,843lv6LVJ 21845,932 2,G82 100.49°i ZAM2049 21185,000 20844,260 218441250 21845,932 1,082 100.0004 12ef)110`0 21465000 3,01.5,fj04 3,015,tt1'il 310161923 1,1329 1004045966 12+O1r Q51 21690,Q Y 3,016.760 3,QiQ,lki 0101cr,928 17Q iWOO I:, 1P.910i,"2OU 2,90L,OC•;+ 3,1972550 3110P,2 0 3,1A0,i&i ON 106.031s'n 12M1:t05K3 31045,00 ?,197.260 311971M 3,198,194 914 100,='M: 3D,5f6,M) S,9761250 [4,58,1,000) 61,3922.{t E117e-^s3831 3$1.681 ,ho129, 2022 9:20 um Rrapared ny S�ecisl Ciairict Grc��i (Fnaalce "o &00 Genritnr9 hdG.E1_71:522-2023SI�j 16 �(�U�CE� ANC7 USES c7� �'IJNbS DENMORE METRUP4LITAN DISTRICT NHS. ia5 Wald County, Colorado QENERAL OBLIGATION RErUNDING AND IMPROVEMENT BLINDS, SERIES 2033 Cart?,d Coate i2'�71t`�4� L�ellueryCarta 12fQ1/??0 3 ��ntrd'c�s; Par Amount 55.440,CO3,010 f'th er Ssaurcos of Funds: Serbs 2023 SqurPlus Fund :3,04400-3.00 5$ 482,00.thy l rojact Fund Qspo :its,: Project Fund 24J64,&£s1R7 Refundincs Escrow Deposits: Caste D�pUslt 25.�5;30,tiL�.Gta her Fund CaL�,;U3its: C7c�ht Sr�n�ir:ta l�tstarv'e l��ar'+�# #,t�ifJ,tJ_r5r] Lest Of IssLonco: Qth�r €;0�5 of I��u�nGa 2+JCJ,��C:°7.U0 denvriter s Disc -aunt: 4th�rt�ncier.4rltet'a Cii�:ena�nt 2�7,2C��.t7 5 d3 :A J3 2 , t! 0 , t�Cr �Ji �8, tKi22 E+:�9 ant Prahar'ed ty �pecfal Gisirict �;roar� I�nar�ce "o i;Od Ganrnote tvid Et_715'?2-3'3FEFC,33F+EF+1 is �c�rv� su�nnna�v �TAT���i DENMaRE METRQP4LITAN DISTRICT NtJS. '1-5 Weld County, Colorado GENERAL OBLIGATION REFUNDING AND IMPROVEMENT BONDS, SERIES 2033 DAted D;�#e Delivery Date L ETA M-aturibe Arb€trage 'Yield Trve Interest Cost (TIC) 1Jat Interest Coo (NIC) tUkin `t IC At erage Coupon Auerage Llte (ye�rw, Dcarution 04lssue (Yi;&qrs} Pz�r ArrtU+rnt C3ond Prict ccs Tptat Interact tJat tnteTest Tatat Debt 5& lice hffaxirnurn Annual Dett Delviue A�rerage Annual Debt Service Ur1tIarYJritet's Few {F7er $irJ(1o} Avar�cUo Takt�dewn Cnher Foo Totat Uridnnrtriter'sthscount F31d trice �'t�fhl �;t3(77j��1lL�Y7i form Don-d due 2U5S 12_ft71 f2t?3:i 12 fQ1 f20K 12,l411 of i5u 3.00X�nr�gfi 3.C�227534b 3.U55�J6151•n 3. CSC Qy700"?� 21.789 15,f�78 55.44U.C1QQ,JU 55.44U.UQQrJU ?,5,2i16,a5p.flCJ �r?,4847050,+70 91.,G4GV850600 7.88 1p)00100 8,17�5 4.895•OQ 5.UUC�JU S.0000SU s�r3.5nCGo0 11��.1P �rl� t�r�ur'7C�r7 0 0 14ti.OnU 3.000'f ��veracp.�. 2i.75�3 55,44U,UC�i}.UU 21.769 All -in Arbitrage TIC TIC Yield Par'Val tie v5.440,00j7.00 55,44U,COU,4') 55,44Q.U00,00 + A;crrued IntOft�st + Premium {,Dise.ountt underviliter's Discount 1�77,200.00j (77,200.00j) - Onst of Issuance Expeens -';ether Ainawnts Target Value r5,1i52.5C7Q.Cl 54,fi,@rQi],{5 a5,440.9iiQ,G+I Target Elate 12/01/2033 12,111r'2033 12+lMir2 i39 Ylotd 3,0224273/b ,3t055969$'u h.UC?iA]UOSwc ,1�129, �122 '�1:82 am Prelrar9d by up9cial Cislrici Grc+trp �n�noe �. ^opp Cenrnor9 N,1© Ef _715" 2-33'REFG,3'3FtEFGI 20 DENMC7IE METFiGPULITAN DISTRICT NOS. 1-5 Weld County, Colorado QENERAL OBLIGATION REFUNDING; AND IMPROVEMENT BONDS, SERIES 2033 aVlattJrlfy 3Qf)Ct Compownt hate Amount Ruts Mid Pike T�t'r7i G'Uriti C3u� 2tJ;�: 12r`G1,"2G3d 5514401COG 225,C�YJ 3.GC��}� 3.i;�JC��.v iGG.[?(t7 72KJtQ035 23«,J,Uo 3.GC ;ti 3.00% 1GG.UCiI 12r'01r2035 355tolwl`1 3.0C4:ta 3,CoGly iGG.ti[{7 12A71r2037 355,Cct5 3.00J„ 3.4}50'r' i00.00 1ef01/2033 495,Ccu 3.0034x" 3'050`7/l 100.OG+7 1c101r2039 510,OC"G 3-0001 , 3,00%) 100,C)C0 12r'Q P2CJ40 655,DCA; 3.40;J%l 3,CaO% 100tocci i2,W1 2041 675,DCt7 3003"X, & 0O% 100.000 i240 D2042 931a TO 3.003fXj 3,0100/f, 100.000 12KJ1/204a 955,0043 3,00:Jr , 3,010Q i 1OO,l)CO 121101POA4 1,020,0Xi 3:003$', '1004Xi 100,UC0 12101,20115 1,Ci55!cca 3.ocli ; 3.CvwXo 1(mccG 1210102011%i 1,2251C01 3.0071'•n 31C'if3% 100.QCO 12f0112047 11275tC01 3.(1CJtn 3,C91:171'n 100tCM 12Q 2048 1,A75,CCU 3,0034 r+ 3,CXJ0:rn 100.0CQ 1%A)1%2Q49 11520tEOI 3.00YA 3CM% 10Q,DriO 1%A)1P2050 11735,CCO 3.003% 3,�[: ij% 100,CCu i2+01f2051 1,7254CA mcvj% 3,om 100.m 12KiIj2052 21U2G,U;C7 3.0031A 3,{i•n1XU 1004000 12X1IJ2053 2tC,8otLrA 4.000<m, 3.oG`iG 100,ow 12,'G1i2U5+ 2,3?5,U'G .;.G05'uu 3.074{ 100.000 72AJ'1/2055 2,4Cs5,0C'rJ 3.GfYJ% ssorj% iaaoc i 1 Q1.120 % 2,690,CRCJ 3.0051A 3.40i)% 1CXI: Q 17tWJ 2057 2,7C5p00 3.QW% :1,000% 10Q,CCCi 12ri1rZQ59 3,00oOCY) 3300J%ii 3,000% 10CINC.i 12ioirZOu9 3,155,=) 3,003%) 3,00% 100,X(j 12M1!2060 3,47510�0 3.0M%l 3,C iQ% 100,DCO 12,Q1;2Q61 3,590,0',<P 3 000°r$ 540010K 1QO,OW 12J01r20b2 3,03�3,0CJ 3.0059u 3,tt'J+J�'r i00.Ct,'Cl 12rYJ1�206s 7,6MCCO 3.001(Ni &OWOH) 100.0Ca7 Dated Date 12101,2C33 Deli4'ety C1ata� 12,'U1?2�.i3 dirt t3oupon O61t71l2uf3A Par Ntti,rut5t 55,A40.000.G0 (it101eal Is,suo Di5eoarrt @egductinn 55,A40,00DQD 100.O0030054; Undemdter'sDiscount (277,20D,M) �15OD5000/ot Purchase ('ripe 5,142,aQ4?,Q9 �r9.5Q0)Q0°�, Accrued Interest tlC4 P(om%5s 55,ifi2.8UU.G0 Jiri'22, �22 9:2!3 arrt Prety grad by Spacial C351PiCl Grac�a (�sttartr..a �.Bpb Crenrriora hAOEi_71b'v2-33P,EFC,3:3�tEFGj 21 NAY C���7 �RVIG DENMaRE METROPOLITAN C315TRfCT NOS. 15 Wald Oounty, Colorado QENERAL OBLIGATION REFUNDING AND IMPROVEMENT BONDS, SERIES 2033 Exam F'rit1c[pai coupon irtamst Dobt Santsico Rasarla Fu,rit1 Debt Smice i2rL 1l2OQ4 225.OW 3.0001% 1,6+.i9,20(1 1,888E 200 1,838,200 12)W/2035 230.OW '.',.001A 1,656,450 1,886.450 119816,450 121L1.120Q6 355.OW S.WJIN 1,64%550 210044550 2PL 11550 12r01i2037 '55,000 3.0rh0% 1,63o, J 210C�,L1O0 21G03,900 12Y01}2Ca3 435.000 3.Ccwfi 11627,950 21122,950 2,122,I50 121'O1f2CG9 510,000 3.CO3�Sfi 11613,iw 2,123,100 211231100 12MlreW 65'Wo 31mv, 1,597ja0Q 2,252,n"C0 21262,800 12iQ1riNI 675,WQ 3,OWN, 1,57F5,150 2,25'.3,151.J 21263,150 12/01/2L42 830;090 3.003W, 1,5571930 213874900 213871900 12/01/2043 855,010 a000A I,533,0 0 2,al8840?3 21Y381Cil0 12101r2CL44 1,020,000 aWMIl; 10507135Li 2,527,350 215271350 12rD1/2046 11055,f100 21001i� 1,476,7511 2,531,76J 2,5311750 12rL"1112N6 11236P30 3.0G' IN 1,4451103 21680,103 216801100 12A)1i2Cu47 1,275,E+30 3.CCA)% 11408-10513 ;?jH37Q5fJ 216831050 12M1121AO 114751030 3.001A 113691803 218W4,p;�3 2,8A41Eup 121010049 115201MO 3.CtCty IN 11325,550 21L457550 2,$451550 1210112D50 1,73-51oao 3.CoaG�n 112791950 3,014,950 3,0141959 1210112D51 1,7851coo 3,1*)W% 1122719M 3,012,930 3,01211MC) 1210112 62 210201000 3,00% 1,174,350 1194.350 3,194,350 12,10112ws 20080liai0 3,000W14i 1,1131750 03,193,750 3,193,750 12101i2t054 2,'s35,CU0 3.0Givi 1,051,35(11 3,U(j,350 3.3E36,350 12i'0112055 2141o5,Co0 3.0w% 38Ij 1r3o 3tsi 3 Iaj0 s'386juryo 12/01/2056 21681),00(1 3091150 3,58(J,'150 3,583%150 1210112057 217t551co0 �FDC?7`!) 8/5,750 51593,75t0 315931750 12i01121350n 2i3Oaolcoo 3j50 W%5 745,600 51605X10 3,BO5 00 12101/k069 311rz,000 3,17f1 f, 664,C4#1 3IK59,C} O 3080916Ci() 12(01i2000 31475,000 3,CCXY41 5691350 4,0?4,350 4,0341350 12/01/2001 315r50100t3 3 CiilyY' l 46511QD 410a.5,100 4,m5,1Q0 12/01/2062 319.301coa 3,0cw7A 347,700 4,277,7�7 4,2771700 1210112063 7,660,C�00 3.O=AV 220,8L0 7,889,BO0 3,611,000 4,270,300 551440;oe0 36,21250 91,6461850 3161014:L1Oo8,c{?,3,e50 Sv1'29, 2s122 3:2'3 c.5m Prejsare� h)' F:paci�il Gislrirt Grcn�a (Fkki12,f1rE8.6n4 C+�rimi�l9 M1D. Ei._715" 2-33REFG,33REFG7 DENMORE METR�tPt?LITAN �ITRICT NU�.1-� Weld County, Colorado CxENERAL OBLIGATION REFUNDING AND IMPROVEMENT BONDS, SERIES 2033 Annuaf Patir_-r0` Dabr Uufrd �J)t�dii Mf F'.rith'a�):Yi {'.t)UF]flJJ drldr]tfz5t SeatV,�:'&J �;,Itiic:il Uti,ill,'i'IL9-0 n:S1,k�ait Ik ,641U 12111,'CK34 ?!!i,YrlifJ Cinl'n'!5 R.]1,r1V 1 l:4,4filtl ljlA i,2nll Ufi,Kl if?I?:l;t i¢,�lti ik S,,Yt:, i �.Y11r11;�1.". :ifi?I,UIIU t Lif;+]`!h ri-�f. y9!F ll-'ty, .?;y l jiW.1 Stlf1 06.VVM36 824,7?5 624,775 f2llWINJl t j11if10 :i(JR1? ,Q,i mr, 1.17J_77,i c,1:461,fiPifl Ufi1lif2lKj7 tj11•.);1=rl ttl';d,,J;rl 72.411r:tt3Jl $dS,fNMO JAIA:I% f;11J�1YP I I1r4atS0 ?,1NN1iS{irllJ 01iall 1 ArMil3 131'3,n7!i I713,S)714 1 121111f2WS 405,000 3AGn;ti 813,015 I3011r075 2,122;350 W,Illl r!rxg0 RGfi,;,!if? fif:Al tdlu 12AM2030 .5fo,130u 3Af,4)4L 836,55ID 1.3fOF650 21123,1(I0 UII,"01f2M0 711i tKx) 7@#1,£Kl0 i2411.f'IM1) egj,1)1I(I :1(IIxv!v Tali fge,m 14fs9,!Am ,252 AlOiF ofi,111?Aaall ?8141i)7!i 1 I v:1.0741 i tiltf 1N41 ({l3,Ulitl '1 OfA11'11 r2f)6unb 14fn Wt5 J'.y`,;S,I;AI pflyTilerMip 771i,ekriil 77a3,.5O D.2; fil 2f=«2 6b) a u fi U A of:"Y%; f/RofnAl I a 1rt; fD!1u 1,'1 17 fluff (51i,V11 f21<t.:3 7f:f:iIfe,m) 71iij AI0 12'81, U43 8551000 3Af,111a!4 713MMD 1!;21.AIn 2x-61900 fi,i11 'I, i;l 7 3,1175 7S;3r17 121d111rPIM4 1 r1 0404lrl anlXl:!c tf;'t,G('i 1,lt3 1,41 2,!iP7 3s 0 4r 9 1Y1I.'`?fmr, i r1-;-f,,ljflrl Jflf' l"Ntg 1 (0, t7n 2,1::jl,7fii1 06M1162M6 ?2 ,55@ 722;550 121911f2f)i1{ 1 935,I:alcl :jur.•:r;, 72'2,'criD I Ja.7,',5r1 21�iD,lUil U8,V11r"2'1'M7 71k141)2r, 71f,1,1.r2:1 144JI411t21>«7 1 17b51A10 Jul: l"ll v.?!6 1 9r9 L12A 2,f-<t:S?ISiI n1b,ili:"!IMH 6NIef 8M lit pain 12`D PU46 1A759171010 3fWa6 61ASW@ 2AE•"I,n6n 2Atil/100 fit, Mii2fxl0 ai?,7lri Gp,7m 1241J1i2CASD I:5eW13,000 3AC+]% 662,775 2JBZ?36 2,84E-1550 UG.1110 U;±.O,M (39,975 i2,il l?-'1).51) 1,Tw'-i,1-HIU :t OIXI"{, (tj!) j:ry5 2,;OL& 77.+ ;t iild iA ml Ufi1111J`2G51 31-:S,li`AP GO kw 1 itl 'i}.`Y1 1'11R!i,UfIU `lL1f:41% 61304? f tfla t+till dt,R➢`.-`,9ufi 06101 c15.52 567,176 56.?,176 1 ,aff1611 ,P 2!]r:i,U(lU 1ALlfal`!4, .ti(7,1n, 01,17n 15, 1 rl4 i1 N ft Imall IA20513 '1C4.i4M:75 12MV26.53 2fiGot(R)U 3j)uxo 5515,8i'& 2;&OV875 3a1931750 I)li,v11I'17 41 52ti41375 a j,1M, i l'di121::'14 :!,3:4§,rNln a nl:a{la!4 SY,,rl!1 ? j'ln. ; Of, all 1,2C%) 1 4fi1),6''1iF ,67 4f=1,tiski U 12A1,'26.56 2A Sa i ;3nCfl?& ,f@fJ,Eo@ ^;@5,6i0 163g38f.i3(I(I 06tall i <0.56 4EA*6?5 .9 4,676 12oil Ifd30:)11 2(iIA.r41U 463(11X1;Si 45111f175 (1,1:3-1,.',7 i I'VNH991fill 00)IA2657 414,375 414..375 i},1I1 'i?.57 .I3fs.`,,Ul1U :1 f11.41`.'I, 414 AeS 311{I,3i r 30!s4t,7flii 01iiill P'.lY 37? vaP 31 P. 541n 121W11 ,?f!.51'r :1 LI(41,1_MILI J ulA% 3i;> (-Ajff 11'S4'.;f91LI AIfL1; ,11ru) U1i1111,7fr,9 itry7,Lr•v al /r WU 12wT1f2050 3,155,000 3AGn;%6 327,fd]@ 3.492n6O 31Gr]@,000 ..... UliNlif�'I,Yii) '�+713,1i?0 'c'7i1,-ti7�i 1 12,411 1Q1i4:jl) .1;17 591AW 'j (11X1lj!i, 279j675 at7 -11 7!1 d,Pi 40:i11 Oti,Y11121`+3E 1211111^lNi1 3filti,rriln itnl:fPlL 2'r.'f,£;i1D ,3EgJ,:xifi 4ft3:ylnll 081T i f2N2 t 23rf550 173,850 i 7,,ii 1/ICtil JrJ:ifl, Nlll At uf+(4n 1131kz1fl 4,1 f0:2mF10 -I,r7t,ruil OG,'NP2%3 Iill t `ti) If4,aarl 121U1:2Ctii3 Y ixC ),u00 3A 4Jfv 1 M„1,9JP i.l7.449IIli I,L1_i@,8n0 nl 4-0tiJ_Njrl 313,$S_II �IF ,il fJ A�1f1.YliU ifi,1:u46,11,31i ,�.112J, 2'I122 fl^29 L,m Pr9Pat`ecl try F:J)eci111 Gitricl rfol.yi IF€nailce "o "oOfJ Grenmofe tv1C7,E1_7152r-:t?FtEFI_�,:x3F;EFG1 23 DENMORE METROPOLITAN DISTRICT NOS. 1-6 Weld [aunty, Colorado GENERAL OBLIGATION REFUNDING AND IMPROVEMENT BONDS, SERIES 2033 dv1'29, �vi2 fr:2�l am Prelr�red h'y Spacial Cislriet Grc+igi f�rtarrcM E.Ffrfj G�nrn�re MiC� Ei_r 1522-33P,EFr_,,33FtEFGj 24 �UNiiVI#tfF�Y O� �[JN�.7� �C��UNei�,C� DENMORE METROPOLITAN DISTRICT NOS. 15 Weld County, Colorado GENERAL OBLIGATION REFUNDING AND IMPROVEMENT BONDS, SERIES 2033 rr✓��ltarfEy F01O Date 1t}1�re-st Rate F'ar Amount �`1af1 Vato �aU Prtc4 Scir 's 202'u. 8elvice P(zm5, 2023SP, 1'ERN153: 121olrAYM 5AMIPu 405,CW 12/0'WW!3 100,000 12et041020=35 5'0 J'vi", 425,OW 12/01, VJi 100,000 12r'0 2Q-35 5.CA1t%•, 5601000 12101;2CK 3 1000000 12V /2037 S.Ck"+0 } 7 5�3ti3OC��} 12/Oi.t2 33 100.{Nu0 12MV21333 5.Cti 0491 7f1Dt00G 12/0112M 100,030 12h0112030 610C? v0% T23!?,QW 12/01QO,33 1004000 12r'!D 12040 6,txj0% 94510W IM11/2033 100AIri7 1210112041 64T00% 990oW0 12YD112033 1004000 1MV2042 6.(}Di% 1,175,000 12f1D1/20uVj 10C1.4a1D 121rr112043 6,CrA% 1235,000 12/01/2033 100,TJO 121r0112044 6.WA11/11', 144C,OCM 1211J1/2C133 100,000 12i0112045 5,cei IN 1,5151MD 12MV2033 100,CIDO 12101121346 5.Co7'Xll 1,74Cr,QQG 12/01i` UKr 11109DJO 12r VP1347 S.G:',+ IJA 1y825;JOC} 12/01/2033 11J041:70 12rrs11?Q48 6XCUO/h 2 08olow 1;rjm10Ca3 1004Cr1O 12r0112Q49 6gcco°.11 2:185100D 121011'? 100tD o 121�r1120 5.Cr"'+0% 2,465,000r 12101,/2 3 iQQ,DJO 12101r<061 60UM% 2.590,OC}Gs 12YD11202 100.0;10 1210112062 6,LXXj% 12/D1/2(i`.i3 100,030 12101,2051 5.L? 0% 1.0451000 12YT)1f(Y3 100.000 ,kit ���, 't'�2c fl:2� Elrfl P791SHf9� }7'Y •7�9c1o1 QI^a}iIG1 C;lalp 23.63ti,�JUG fFSnArtc.� "o "on0 Cenrna}e FriGtE1 71522-33FtEFr.�,33REFCt) 25 I�� �«���■��� �EN�oRE k�TnOPOLe4N a�Tm � Nome% Weld County, Colorado GENERAL OBLIGATION REFUNDING AND IMPROVEMENT BONDS, SERIES2»a ,m« Dqte 12101g �y&Csm���smm E�m amza mk �g530 [00 �g�ls pmm 2 DEIUMORE METROPOLITAN DISTRICT NOS.'1�5 Weld County, Colorado c ENERAL OBLIGATION REFUNDING AND IMPROVEMENT BONDS, SERIES 2033 el ��ri'r5c3 �%t Friclfnrg Prfncfpk l Coupon fntom)st s4rvtc e) t210'112W,d 4 05. 000 5.000020 1,481,500 1,f1136; 5tf) 1210112iYJ5 425,0W 5.0001f 11451,250 `1,836,250 12104U2 J6 560,00v 5.000' U 1,440,000 2100(itow 12f0112037 5€t0,000 5.0001?1 1,412,000 12)101i2038 740,000 5.000Vr 1,S82,500 21122,5W 121t'112039 720,DW 5.00D% 1, 05,50D 21125,5GJ 12 0112040 945.00D 5000% 13C6,500 21251,EcX?0 12/0112' 4 i 990,OOD 5.WOW 1,259260 21249,25i) 12/01120'42 1, t 76 ODD 5.000gf) 1.2094760 2,384, 750 12AD112043 1,226.000 50005f, 1,i51,000 21386,OG0 121r112C44 1.440OW 5.0005A 1.0t39260 2,529,25J0 12J0112045 1,1516 DOD 500055 1.017260 2,532,25;0 12/riit2W6 1,740;000 5.00DVO 941,50D 2,581,5m 12/0112 17 1,8)25,DEO 5.0000h,, amd 50D 2167915CO 12/5112048 2,DEQDGO 5.00111'; 763,25C.� 2184312F37 12f0112N9 2;1E15,0G0 5,000°„ 659125D 218441?50 1a10112050 2,46i,DDD 5.0DOW, 55 100D 31015,cco 1210112051 2;590,0&) 5.ODD% 426,750 31016,750 12,10112052 2.900.OXI 5:000?e6 29 ,260 ;1,197,250 12t0112053 ;,045,00j 5.000>kij 152,250 ;111y7,250 29.6:1.7.000 20,203,500 49,00,5i)+7 .�t129, 2v22 0:89 �m Prelsar�ci hy, Snycial Diairi�t Grc�rp i�€nanr..e 8 800 Cenmoi� PAG E_71b22-:fPEFG,:33FCEFGI 27 (fi b Ik7MOOilk IN i��NMC1ti� M�'f'I�Ut��lllyl"AN CkISi1�ICY N+35. 1-� Weld County, Colorado ENERAL OBLIGATION REFUNDING AND IMPROVEMENT BONDS, SERIES 2W3 Pencxi F-'t�ascct P'�+�sOd U�bt Strlri�:t 'dotalsi"rji ,F?ctrs�tir�e ilru_ed' Debt 5e1�rk-e Ending i�r;nc at Debt Service AdUsUrients L]ebt Service Canstmin's R8ierrues coverage 12;01?20341 QQ$sto; '+ 1,881,200 i,m'3 Vw I;&i t,:=i8 31168 loll 17-!. 121010075 2301CPA 1,zr3 j450 11665e450 1,E*1134-a 4,918 100203i, 1210IM35 355,E 2,r. 44,560 2,0D4,5`-'0 ^,t1D54ca0 540 1DD 03'?ii 12;01120 7 %3ZSf 24031900 24003i;1)j Q,{'jj_,,tA4j 1,190 100.06''.b 12+0M936 495,C �'J 2,122.950 211221050 2,125,035 2.685 100.13% 1Mira:030 610,000 21123'101) 21123,100 2,125,G35 2,536 10012% 121011142040 6&S,OOD 213121521806 232321Gtr1 4,153,4ia 613 IODLO;M. 1210142041 6751fu* 2,253,160 2,2531iN 21253,413 263 100.0106 IMM2042 a3Q,C i 2133T000 213671M 2sMzc- 0 53 960 100.044;i 12101?2043 Mim 243RU.000 2,360,OQD 21O PUz "U$4 9W 1QD C4 a 12101?2 44 1,0:'0,a%0 2,527,350 p6s274 ,FfJ 216 4,429 a 079 ion 201.1'= 12401P2045 1,055.0 2,531,750 2,Ei31,750 2,532,429 679 100.039401 121101412046 14235. 2,680,100 2,oa0,100 2,03415 4.516 1DD17'r 1D01?21117 i,271310 , 2,"t3,050 2,603,C1&j 2169AI61S 1,565 100.t f6 ' #2101L1046 1,475.Ce* 2,844,800 2164418CO 21845,932 1,132 1ook,,I% 12A31:�2040 1,620.0 2,"o45,5r0 2,A51E,N 2,845,9:32 :332 100,010:n 1210112050 1,7351NA 30014.960 3,r314,P50 :3,t#iF,Cz3 1978, 100 07% 12101120S1 1,71>5,Cum 3,012,900 3,r912,quo 3101b,92r1 4„020 IDD 121011`2052 2,020,E 31194,360 3,194,3�0 3,1 r3,134 3 634 100.1204 12101?2053 2,MIM :1,1;?-3.750 3,1,93,750 :},193;1R4 4434 10014 12101?2G54 213354c 34388,350 3,366,3!'D 3,3Jo,331 i 3.906 IDD 1241 1',J01 DM 21AWE4C J 3,386'300 31fi654 KI 31301315 015 10012�A 12101?2050 2,0E0,€C-0 3.5cfi3,160 3. 60.150 3,593,974 =i.824 100_M, 1?101?2w 2,7664 3,699,760 3,503,760 3,613,974 22a4 Ion 01'1>. i'�rtilr�' 3 3,4ta}, 1,tl45, t�r1 31051e*L? 3,M,M It c 1001104 121fj1"'059 311551cvn 3,mMo 3.EOfl.000 3,6C=9,&52 6c2 100.02?s, 1210V2060 3,475,(Y;l:, 41034;115O 4,G34,3Ef0 4,U*m,{;33 403:33 10011% 1MI20*01 316E>DMN 4,03-`9,100 4,035,1U:7 41aTovIFvei 3,Wa3 1017Mk 12+01?2,]62 31930,vr'9 4,277,700 4 *277,700 4,28i142,14 3 644 100 08';es 12J'012063 7,6f.#),C '+ 71659,000 13po'000j 4,271J,P,00 44231,244 11444 100d73'10 SS,1dG,C i 91,0a6.850 13,610 tnwtl 0 8 4 0 guro 00, 313,i33 76,189 .Ar129, 2022 9:29 �m Rrels�raci h'y� Spyciol Ci4lriet Grc+ir� �tfdnrh 3. ^004 C;+3nmufa hr1D.E1_715?2-33FEFG,33REFGj 26 PIPER I Z2AN )LEF2 benmore I�letropolitan Ctstrict Nos. 1= Weld County, Colorado General Obligation Bonds, Series 2023 General Obligation Refunding and Improvement Bonds, Series 2033 �ervic� Pion �anrl Assumptions �ararr�a 2Q�3 �et9as 2A0� To1et Glc*:�'iri�1 Gate 12/112023 12.r112033 First Call Data 1211 /2028 121112043 Einar h.'9atririty 12r112053 121112063 Discharge Date t2f212CG3 12Y212063 Souraas of Fund® F'arrAlrrunl 30.6FO1Or�J 6^0440,QG0 Funds on 1 9nd 0 3,042,000 Uses et Funtt� project F€nil ( $itt3�4,7�i 3 � -- Rffurfn Ecxov! i1 21663CF6t)l Capitalized InioreM 4,684,0W 0 Ro_ rye Fund 0 34610100:1 Surplus Deposit 2.706,000 0 Cast Of ISSLJET -e all 200 477,203 Total 301560,00n 58-AB ,000 Debt Features prajcatad Govarageat Mill l-avycap 1.00x 1,Cox Tax Status Tax-Exampl Tax -Exempt Rating NonR rtod Investment Grado Coupcin ;Interest Rate) 5,0005o 3.000' o AnnuA Trustee Fee S4.000 $44000 glerrniei Reassessment Flosidontial F.00'}$ 6,00IX Alt©callvn By Product Net Pracerrds Group 1 87,52U;G 41:?,<12,C61 group 2 12, Ir 5;7Q11, 45 I Ir),UtiS 47 1241fz o `tax �luthoritV Assumptions tvlelrapoliian QiWisitrl Revenue Res#tfontial Assassmei;t Ratio SQrvic4 Fran Calf;;�hrrizatian l3a�e G,��'Y, CurYenl A:sunipti;,ii 5.959a C�bt Semcg Mills Sekwe F%rr Mill Levy Cap 50.C430 Specific Glwnc4ship Tex 6.00% Cc,unty Treasurer Fee 1450% Operatirirrn taiitl Lav'yr 1 t)-f_N.Jo Tr�:ln Opcya#ions Mill Levy 3, coo Capital all —List of Public Improvements D-1 Pro�eci�ennno,e �� sad �� ,�� �" = �� ��.,�. �� ���� 1 ���I � ' �--W�ENTiT[�MENTS�C`=QSTS � ���-��" �" �, �® 0�� ��®® 0�� � �.�� ��®� .. �® ®"' " �"� -t,�5„����.PROJEG:��E�S;,.jPA1fA,,,BCE�AS'�R�p'IRECOitD/C�TO�) �� - ��' ©�� � ��®® 0�� - •• •� - ���® ©�� �m�® .. .. - .. . . I�� �� `� '-�.��'-.,�-.,�."%---�, ��ABA�E A�E,N.T8.�EM� �_M..;;xz � �® z"^��":�=..-�..-� 0�� � ��� �� �® � ��� �� • �� ®�� r "�� . � ��� � r ��;, , .: .. sITEEEARTH OR ` �," � m� .: ��'����-���. ©® .. 0�� .. .. ®��� ©�� � ���® ©�� ���� ©�� � ... �m 0�� .. ��®® 0�� �m®® ®�� � �0®® •- �� `-�-.�-'�':�se � ,��,_.�,.r�..� ,.._- Erostotl;:.Control�:���"---'-.�lV,.'w �,... - _ „�v..,�,�:�� � ��'��'��..�..��,.'��-,`„�.,-„- �® �..-�:"� 0�� �®®'.�" " 0�� �® � IIIO�� _� �� ••. • �� �� ��®� ®�® -r...-''' ,,....,..• ..: ;-K-- -' ' ~��SAdI, T ... .w.�,._.R�"�=:��y.`^�"�:- ,,.�v" -�-.era-%���,'G..'"-'r�?-.--�'`,.,.�.�� ARYSEiIIFE V � �"- ����-��� � ;w;�...�..-.:.:-�'y"-„„=.��.��.�"% �® .. .. , �� � � �� �� �'�' � �_ � �_ ��r.. � � , ;�,. STO�M_SEWER,,.y, �� �����7�u'�=�-�-��y' ✓�-�€'�`'? �, _ f � '=� -_ yr`a ©�� ' �® 0�� � • �� �� 1 OF 3 PRIMED 12H2Y2022 Q 10:59 AlA 2 OF 3 RRINTE012/12/2022 � 10,59 AIA 3 OF 3 PRIMES 12112/2022 � 10:59 AI.1 EXHIBIT D-1 Capital Plan — List of Regional Improvements 1 34m2o storm seiner Mobilization $ 12,000.00 1.00 EA $ 12,000.00 $ 20.94 $ 0.49 2 N1020 Storm Seuer 18" RCP CL 3 Storm $ 101.00 3758 LF $ 379,558.00 $ 662.40 $ 15,51 3 N1020 Storm Sewer 24" RCP CL 3 Storm $ 115.00 3526 LF $ 405,490.00 $ 707.66 $ 16.57 4 341020 Storm Sewer 24°FES $ 1,200.00 3 EA $ 3,600.00 $ 6.28 $ 0,15 5 341020 sromr sewer 18°FES $ 110(10.00 1 EA $ 1,000.00 $ 1.75 $ 0.04 6 341020 Storm seier 0& Diameter Ste= Manhole $ 51900,00 24 EA $ 141,600.00 $ 247.12 $ 5,79 7 341020 Storm sewer 05' T pe R Inlet $ 8,300.00 2 EA S 16,600.00 S 28.97 $ 0,68 8 341020 Sturm sewer 10' Type R Inlet $ 11,500.00 2 EA $ 232000.00 S 40.14 S 0,94 9 341020 storm sewer 15 Type R Inlet S 18,ONA) 3 EA 5 54,000.00 S 94.24 $ 2,21 10 1 341020 1 storm sourer lForAay S 27,.S' 2 EA $ 55,000.I $ 95.99 S 2.25 Cost Code (35110) Subtotal $ 1,091,848.00 $ 1,905.49 EXHIBIT E Disclosure Notice SPECIAL DISTRICT DISCLOSURE ATTENTION HOMEBUYER: You are purchasing a home that is located within Denmore Metropoli District Nos. 1-5 (the "Districts"). These Districts have the authority to issue bonds or other debt to pay public improvements and the authority to levy taxes and fees on all properties within the Districts for c repayment and ongoing operations and maintenance, ame of Districts: enmore Metropolitan District Nos. 1-5 Contact Information for Districts: /o White Bear Ankele Tanaka & Waldron 154 E. Commons Avenue, Suite 2000 Centennial, CO 80122 District Website: District Boundaries: See attached map. It is conceivable that additional boundary adjustments may be made to include or exclude property from the Districts. Any such boundary adjustment is subject to prior approval by the owners of the property and must be considered a public hearing of the Districts' Boards of Directors. Purpose of the Districts: The Districts were organized pursuant to C.R.S. § 324-101 e eq. The Districts were created to assist with the planning, design, acquisition, construction, installation, operation, maintenance, relocation, and financing of certain public improvements serving he Denmore project located in the Town of Firestone, Colorado the "Town") and described further in the Districts' Service Plan. The Districts may dedicate certain public improvements to the Town or other appropriate jurisdiction. The operations and maintenance of public improvements dedicated to the Town or other appropriate jurisdiction shall rest with the Town or other appropriate jurisdiction, as the case may be. Public improvements not dedicated to the Town or other appropriate jurisdiction may be owned, operated, and maintained y the Districts. The Districts have authority to impose property axes and other fees, rates, tolls, penalties, or charges to fund the construction and operation and maintenance of improvements as et forth in the Service Plan. E-1 copy of the Districts' Service Plan can be found on the Districts' website or by contacting the Districts at the Districts' contact information above. Owners Associations: Certain services may be provided within the Districts by one or more property owner associations organized as Colorado non- profit organizations. If a property owners' association is established, property owners will be subject to fees and assessments payable to the association which will be separate from and in addition to any fees or assessments payable to the Districts. Authorized Types of District Taxes: Debt Mill Levy, Operation and Maintenance Mill Levy, an Town O&M Mill Levy These mill levies result in taxes you will owe to the Districts and are described further below. Districts' Total Debt Issuance Authorize $71,000,000 per Districts' Service Plan: District Improvements Financed by Debt: The Districts intend to issue or have already issued debt to pa for the following public improvements: streets, water, sewer, recreational amenities and landscaping. Maximum Debt Mill Levy that may be Maximum Debt Mill Levy: 50 Mills (could increase to 60 mill levied annually on properties within the if Regional Improvements are financed by the Districts) Districts to pay back debt: This Mill Levy may fluctuate based on changes in assessment rates, t such time as the total amount of aggregate Debt of the Districts is equal to or less than fifty percent (50%) of the Districts' assessed valuation, either on the date of issuance of any Debt or at any time thereafter, the mill levy to be imposed to repay such portion of Debt shall not be subject to the Maximum Debt Mill Levy and, as a result, the mill levy may be imposed at such a rate as is necessary to pay the Debt service on such Debt, without limitation of rate increase; provided, however, that after any conversion to an unlimited mill levy, the Districts shall not issue additional Debt that would cause the aggregate Debt to exceed 50% of the Districts' then -assessed value. For the purposes of the foregoing, the Board may further provide that such Debt shall remain secured by such increased mill levy, notwithstanding an subsequent change in the Districts' Debt -to -assessed -value ratio. Ongoing Operation and Maintenance The Districts intend to impose an Operation and Maintenance Services of the Districts: Mill Levy to pay for ongoing administration, operating, and maintenance obligations E-2 Maximum Operation and Maintenance Mill Maximum Operation and Maintenance Mill Levy: 60 Mills until Levy that may be levied annually o such time the Districts issue Debt. After the Districts issue debt, properties within the Districts to pay for the he Maximum Operation and Maintenance Mill Levy shall be 10 ongoing operations and maintenance Mills, subject to the Mill Levy Adjustment. described above. This Mill Levy may fluctuate based on changes to residential assessment rates. The Operation and Maintenance Mill Levy is distinct from the Debt Mill Levy. The Maximum Operation and Maintenance Mill Levy shall apply to the Districts' ability to increase their mill levy as necessary for provision of operation and maintenance services to its taxpayers and service users until such time as End Users cast the majority of affirmative votes taken by the Districts' Board of Directors a a meeting authorizing an increase of such Maximum Operation and Maintenance Mill Levy, at which time the mill levy may b such amount as is necessary to pay the Operation an Maintenance Cost. Maximum Town O&M Mill Levy that i Maximum Town O&M Mill Levy: 3 mills required to be levied annually on properties ithin the Districts and transferred to the Town. District Fees: The Districts may impose and collect Fees for services, programs facilities furnished by the District, and may from time to time increase or decrease such fees, and may use the revenue from such fees for the repayment of Debt, capital costs, or Operation and Maintenance costs and for the payment of an indebtedness o the District. Other Taxing Entities to which you will pa Weld County, School District RE1J, Northern Colorado Water, axes to: St. Vrain Left Hand Water, Mountain View Fire, High Plains Library ** This information is based upon the property taxes levied on property within the Districts, imposed in 2022 for collection in 2023, and is intended only to provide approximations of the total overlapping mill levies within the District. The stated mill levies are subject to change, and you should contact the Weld County Assessor's office 0 obtain the most accurate and upAo-date information. E-3 Sample Calculation of Taxes Owed fora Residential Property within the District: Assumptions: Average market value of home in District is $500,000 Debt Mill Levy is 50 mills (could be 60 mills if financing Regional Improvements Operation and Maintenance Mill Levy is 10 mills. Town O&M Mill Levy is 3 mills Total Metropolitan District mill levies = 63 mills Calculation of Metropolitan District Taxes: $500,000 x .0715 = $35,750 (Assessed Valuation) $35,750 x .063 mills = $2,252 per year in taxes Total Additional Mill Levies fiom Other Taxing Entities: mills = $ annual taxes TOTAL [YEAR] PROPERTY TAXES FOR A HOME COSTING $ _ $ E-4 EXHIBIT F Intergovernmental Agreement F-1 INTERGOVERNMENTAL AGREEMENT BETWEEN THE TOWN OF FIRESTONE, COLORADO AND DENMORE METROPOLITAN DISTRICT NOS, 1-5 This INTERGOVERNMENTAL AGREEMENT (the "Agreement") is made and entered into as of this Tday of 1 Q1*Qh2023, by and between the TOWN OF FIRESTONE, a statutory town organized and existing under the laws of the State of Colorado (the "Town"), and DENMORE METROPOLITAN DISTRICT NOS. 1-5, each a quasi -municipal corporation and political subdivision of the State of Colorado (each a "District," and collectively, the "Districts"). The Town and the Districts are collectively referred to as the Parties. WITNESSETH: WHEREAS, C.R.S. § 29-1-203 authorizes the Parties to cooperate and contract with one another regarding functions, services, and facilities each is authorized to provides and WHEREAS, the Districts were organized to provide those services and to exercise powers as are more specifically set forth in the Districts' Service Plan approved by the Town on MiArC401 , 2023 (the "Service Plan"); and WHEREAS, the Service Plan makes reference to and requires the execution of an intergovernmental agreement between the Town and the Districts; and WHEREAS, the Town has approved the plat for the Property; and WHEREAS, the Parties have determined that any capitalized term not specifically defined in this Agreement shall have that meaning as set forth in the Service Plan; and WHEREAS, the Parties have determined it to be in the best interests of their respective taxpayers, residents, and property owners to enter into this Agreement to comply with the Service Plan and to address certain matters related to the organization, powers, and authorities of the Districts. NOW, THEREFORE, in consideration of the covenants and mutual agreements herein contained, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties hereto agree as follows: 1. Operation and Maintenance. The Districts shall dedicate the Public Improvements and the Regional Improvements to the Town or other appropriate jurisdiction or owners association in a manner consistent with the Approved Development Plan, the Service Plan, this Agreement, and other rules and regulations of the Town, and applicable provisions of the Town Code. The Districts are authorized, but not obligated, to own, operate, and maintain Public Improvements not otherwise required to be dedicated to the Town or•other public entity, including, but not limited to street improvements (including roads, curbs, gutters, culverts, sidewalks, bridges, parking facilities, )aving, lighting, grading, landscaping, and other street improvements), traffic and safety controls, retaining walls, park and recreation improvements and facilities, trails, open space, landscaping, drainage improvements (including detention and retention ponds, trickle channels, and other drainage facilities), irrigation system improvements (including wells, pumps, storage facilities, and distribution facilities), and all necessary equipment and appurtenances incident thereto. F - 2 Notwithstanding the foregoing, all parks, trails, and open space not otherwise dedicated to the Town and owned by the Districts shall be open to the general public free of charge. The Districts may provide covenant enforcement, design review services and other services to the residents, owners and taxpayers within the Districts pursuant to and in accordance with § 3244004(8) C.R.S. The Districts may impose a mill levy, Special Assessments and/or Fees to pay for Operation and Maintenance Costs in accordance with the Service Plan, 2. Town O&M Mill Levv. Commensurate with the initial imposition of a debt service mill levy, the Districts hereby agree that they shall impose the Town O&M Mill Levy. The Districts' obligation to impose and collect the revenues from the Town O&M Mill Levy shall begin when the Districts first impose a debt service mill levy and shall not be required to be imposed prior to such date. Revenues generated by the Town O&M Mill Levy and the Districts' obligation to remit said revenues to the Town on an annual basis, as required by the Service Plan and this Agreement, shall not be included within or subject to the Total Debt Limit. The Town O&M Mill Levy shall be separate and apart from the Maximum Debt Mill Levy and the Maximum Operation and Maintenance Mill Levy, 3. Maximum Debt Mill Levv. The Maxirnurn Debt Mill Levy, which shall be subject to a Mill Levy Adjustment, is the maximum mill levy the Districts are permitted to impose upon the taxable property within the Districts for payment of Debt. The Maximum Debt Mill Levy for each District shall be fifty (50) mills, subject to a Mill Levy Adjustment, for so long as the total amount of aggregate Debt of a District imposing its Maximum Debt Mill Levy, combined with the Debt of any District that is pledging its Maximum Debt Mill Levy to the same debt service obligations, exceeds fifty percent (50%) of the combined assessed valuation of the particular Districts. It is anticipated that the Districts will undertake the planning, design, acquisition, construction, installation, development, and financing of certain Regional Improvements as described in Exhibit 34 of the Service Plan and required by an Approved Development Plan for the Project, and any additional regional improvements the Districts agree to address. It is expected that prior to financing and construction of the Regional Improvements, the Town and the developer of the Project will enter into an agreement whereby the parties agree to share the costs of the Regional Improvements. However, if such agreement is not reached, the Maximum Debt Mill Levy the Districts are permitted to impose for the payment of Debt may be increased to sixty (60) mills, subject to a Mill Levy Adjustment. At such time as the total amount of aggregate Debt of a District imposing its Maximum Debt Mill Levy, combined with the Debt of any District that is pledging its Maximum Debt Mill Levy to the same debt service obligations, is equal to or less than fifty percent (50%) of the Districts' assessed valuation, either on the date of issuance of any Debt or at any time thereafter, the mill levy to be imposed to repay such portion of Debt shall not be subject to the Maximum Debt Mill Levy and, as a result, the mill levy may be imposed at such a rate as is necessary to pay the Debt service on such Debt, without limitation of rate increase; provided, however, that after any conversion to an unlimited mill levy, the Districts shall not issue additional Debt that would cause the aggregate Debt to exceed 50% of the Districts' then -assessed value. For the purposes of the foregoing, the Boards may further provide that such Debt shall remain secured by such increased mill levy, notwithstanding any subsequent change in the Districts' Debt to assessed value ratio. F-3 4. Fire Protection. The Districts shall not be authorized to plan for, design, acquire, construct, install, relocate, redevelop, finance, operate, or maintain fire protection facilities or services, unless specifically provided for pursuant to an intergovernmental agreement with the Town and the Firestone Fire Protection District. This provision shall not limit the Districts' authority to plan for, design, acquire, construct, install, relocate, redevelop, or finance fire hydrants and related improvements installed as part of the water system. 5. Television Relay and Translation; Mosquito Control, and Other Limitations. The Districts shall not be authorized to plan for, design, acquire, construct, install, relocate, redevelop, finance, operate, maintain, or provide: (a) any television relay and translation facilities and services, other than for the installation of conduit as a part of a street construction project; (b) any mosquito control facilities and services; and (c) any solid waste disposal, collection and transportation facilities and services, unless specifically provided for in a separate agreement with the Town. 6. Construction Standards. The Districts will ensure that the Public Improvements constructed by the Districts are designed and constructed in accordance with the standards and specifications of the Townand of federal and state governmental entities having proper jurisdiction. The Districts will obtain the Town's approval of civil engineering plans and will obtain applicable permits forconstruction and installation of Public Improvements prior to performing such work. 7. Issuance of Privately Placed Debt. Prior to the issuance of any privately placed Debt, the Districts shall obtain the certification of an External Financial Advisor substantially as follows: We are [I am] an External Financial Advisor within the meaning of the Districts' Service Plan. We [I] certify that (1) the net effective interest rate (calculated as defined in Section 32-1-103(12), C.R.S.) to be borne by the Districts for the [insert the designation of the Debt] does not exceed a market [tax-exempt] [taxable] interest rate, using criteria deemed appropriate by us [me] and based upon our [my] analysis of comparable high yield securities; and (2) the structure of [insert designation of the Debt], including maturities and early redemption provisions, is reasonable considering the financial circumstances of the Districts. 8. Inclusion and Exclusion. From time to time, it may be necessary for the Districts to adjust their respective boundaries and each District may process inclusions of property without providing notice to the Town as long as such property being included is within the Initial Boundaries. Without prior written notice to the Town, the Districts shall not include into their boundaries any property outside of the Initial Boundaries. No property will be included within the Districts at any time unless such property has been annexed into the Town's corporate limits. The Districts may exclude from their boundaries any property within the District Boundaries. Any exclusion of property located outside of the Initial Boundaries shall require prior written notice to the Town. The Districts shall not exclude from their boundaries property upon which a Debt mill levy has been imposed for the purpose of the inclusion of such property into another district that has been or will be formed under the Special District Act, without the prior written consent of the Town, as evidenced by resolution of the Town Board of Trustees. F-4 9. Total Debt Issuance. The Districts shall not issue Debt in excess of $71,0005000. The debt issuance limitation shall not be applicable to refunding or refinancing of Debt authorized to be issued pursuant to the Service Plan unless the principal amount of the refunding bonds exceeds the principal amount originally issued, in which case the difference shall count against the Total Debt Limit. At no time during its existence may the Districts have Debt outstanding in excess of the Total Debt Limit. 10. Monies from Other Govermmental Sources. The Districts shall not apply for or accept Conservation Trust Funds, Great Outdoors Colorado Funds, or other funds available from or through governmental or non-profit entities that the Town is eligible to apply for, except as may be specifically provided for herein. This Section shall not apply to specific ownership taxes which shall be distributed to and constitute a revenue source for the Districts without any limitation. 11. Fees. The Districts may impose and collect Fees for services, programs or facilities furnished by the Districts, and may from time to time increase or decrease such fees, and may use the revenue from such fees for the repayment of Debt, capital costs, or Operation and Maintenance Costs and for the payment of any indebtedness of the Districts. 12. Consolidation; Dissolution. The Districts shall not file a request with any Court to consolidate with another Title 32 district without the prior written consent of the Town, as evidenced by resolution of the Town Board of Trustees. The Districts agree that they shall take all action necessary to dissolve the Districts in accordance with the provisions of the Service Plan and applicable state statutes. 13. Service Plan Amendment Requirement. Any action of the Districts which violates the limitations set forth in Sections V.A.1-24 or VLB-H of the Service Plan, or which constitutes a material modification, shall be deemed to be a material modification to the Service Plan and the Town shall be entitled to all remedies available under State and local law to enjoin any such action(s) of the Districts. The Town may also seek damages for breach of this Agreement arising from violations by the Districts of any provision of the Service Plan. 14. Applicable Laws. The Districts acknowledge that the property within their boundaries shall be subject to all ordinances, rules, and regulations of the Town, including without limitation, ordinances, rules, and regulations relating to zoning, subdividing, building, and land use, and to all related Town land use policies, master plans, and related plans. 15. Annual Report. The Districts shall submit an annual report ("Annual Report") to the Town no later than Apri130�t' of each year following the year in which the Order and Decree creating the Districts has been issued, containing the information set forth in Section VII of the Service Plan. 16. Notices. All notices, certificates or other communications hereunder shall be sufficiently given and shall be deemed given when given by hand delivery, overnight delivery, mailed by certified or registered mail, postage prepaid, delivered electronically (if confirmed promptly telephonically), or dispatched by telegram or telecopy (if confirmed promptly telephonically), addressed to the following address or at such other address or addresses as any party hereto shall designate in writing to the other party hereto: F-5 To Town: Town of Firestone 9950 Park Avenue Firestone, Colorado 80504 Attention: Town Manager To Districts: Denmore Metropolitan District Nos. 1-5 c/o White Bear Ankele Tanaka & Waldron 2154 E. Commons Avenue, Suite 2000 Centennial, CO 80122 Attention: Blair Dickhoner bdickhoner@wbape.com All notices, demands, requests, or other communications shall be effective upon such personal delivery or one (1) business day after being deposited with Federal Express or other nationally recognized overnight air courier service or three (3) business days after deposit in the United States mail. By giving the other party hereto at least ten (10) days' written notice thereof in accordance with the provisions hereof, each of the Parties shall have the right from time to time to change its address. 17. Miscellaneous. A. Effective Date. This Agreement shall be in full force and effect and be legally binding upon final approval of the governing bodies of the Parties. B. Non -assignability. No party to this Agreement may assign any interest therein to any person without the consent of the other party hereto at that time, and the terms of this Agreement shall inure to the benefit of and be binding upon the respective representatives and successors of each party hereto. C. Amendments. This Agreement may be amended from time to time by written amendment, duly authorized, and signed by representatives of the parties hereto. D. Severability. If any section, subsection, paragraph, clause, phrase, or other provision of this Agreement shall for any reason be held to be invalid or unenforceable, the invalidity or unenforceability of such section, subsection, paragraph, clause, phase, or other provision shall not affect any of the remaining provisions of this Agreement. E. Execution of Documents. This Agreement may be executed in two (2) counterparts, either of which shall be regarded for all purposes as one original. F. Waiver. No waiver by either parry of any term or condition of this Agreement shall be deemed or construed as a waiver of any other term or condition, nor shall a waiver of any breach be deemed to constitute a waiver of any subsequent breach, whether of the same or of a different provision of this Agreement. G. Default/Remedies. In the event of a breach or default of this Agreement by any parry, the non -defaulting party shall be entitled to exercise all remedies available at law or in F-6 equity, specifically including suits for specific performance and/or monetary damages. In the event of any proceeding to enforce the terms, covenants, or conditions hereof, the prevailing party in such proceeding shall be entitled to obtain as part of its judgment or award its reasonable attorneys' fees. H. Governing Law and Venue. under the laws of the State of Colorado. Venue District Court in and for Weld County. This Agreement shall be governed and construed -or all actions brought hereunder shall be in the I. Inurement. Each of the terms, covenants, and conditions hereof shall be binding upon and inure to the benefit of the Parties hereto and their respective successors and assigns. reference only. J. Paragraph Headings. Paragraph headings are inserted for convenience of K. No Third -Parry Beneficiaries. A person or entity that is not a party to this Agreement will have no right of action under this Agreement. L. Entirety. This Agreement merges and supersedes all prior negotiations, representations, and agreements between the parties hereto relating to the subject matter hereof and this Agreement, which agreement serves to supplement the Service Plan and, along with the Service Plan, constitutes the entire agreement between the Parties concerning the subject matter hereof. Any previous intergovernmental agreements between the Parties concerning the subject matter hereof are superseded by this Agreement. Ren2aiil�ler� ofpage left blank; signature page follows F-7 IN WITNESS WHEREOF, this Agreement is executed by the Town and the Districts as of the date first above written. TOWN OF FIRESTONE, COLORADO Drew Peterson, Mayor ATTEST: ��m Duna ��Zalcz, btPufi� cD cw� >:. „ ATTEST: ATTEST: By: Secretary DENMORE METROPOLITAN DISTRICT NOS. 1-5 By: President F-8