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Metropolitan districts are local governments that finance public improvements and provide services to promote the health, safety, prosperity, security, and general welfare of the inhabitants of the districts and the people of the state of Colorado. Metropolitan districts fill the gaps that may exist in services that other local governments will not provide, and the services residents may desire. The Saddle Rock South Authority (the “Authority”) and Saddle Rock South Metropolitan District Nos. 2-4 (the “Districts”) provide the following improvements and services: water, storm sewer, sanitation and wastewater treatment, streets, traffic safety protection, parks and recreation, transportation, television relay and translation, security, covenant enforcement, and collections.

Pursuant to the Districts’ Consolidated Service Plan, approved by the City of Aurora on September 11, 1995, as amended by that certain First Amendment to Consolidated Service Plan, approved by the City of Aurora on September 14, 1998  (collectively, the “Service Plan”), the Districts are authorized to issue debt not to exceed $18,510,000 and impose a maximum debt mill levy of 42.55 mills, subject to adjustment, as defined in the Service Plan, for repayment of such debt. The Service Plan authorizes the repayment of debt from the following sources: ad valorem taxes, and other sources permitted by law, including fees. 

The Boards of Directors (each a “Board” or the “Boards”) govern the Districts. Board members are elected for four-year terms. During election years, the Districts must provide the Call for Nominations to the electors of the Districts noting the Board seats up for election. If an owner or resident would like to run for a Board seat up for election, he or she must submit a self-nomination form to the Designated Election Official by the applicable deadline as provided in the Call for Nominations. When a vacancy occurs on the Boards between elections, an owner or resident may contact the Districts in which he or she resides and request to submit a letter of interest to be appointed to the applicable Board. When an individual is appointed to the applicable Board, the term for that appointment runs to the next regular election. 

To qualify as a director of a district, a person must be an “eligible elector” which is defined as a registered voter of Colorado and either: (1) a resident of the District, or (2) the owner (or the spouse or civil union partner of the owner) of taxable real or personal property located within the District. A person who is under contract to purchase taxable property and is obligated to pay taxes prior to closing is also considered an “owner.”

The Districts file their annual report for the prior year with the City of Aurora.