What is a special district?
Special districts or special district governments in the United States are independent, special-purpose governmental units that exist separately from, and with substantial administrative and fiscal independence from, general purpose local governments such as county, municipal, and township governments and that are formed to perform a single function or a set of related functions. As defined by the U.S. Census Bauru, the term special district governments excludes school districts.
What types of districts does Walker Schooler District Managers manage?
All of the Districts that Walker Schooler District Managers, manage metropolitan districts. Metropolitan districts are permitted by Colorado state statute to finance community planning and certain critical infrastructure, including initial construction of streets and certain utilities, as well as amenities such as common-use pools, parks, and community structures.
What is my mill levy?
Each districts mill levy is specified with in the budget statements and annual reports.
Bent Grass Metropolitan District – Current certified operational mill levies are 20 mills and certified debt service mill levies are 10 mills.
Bradley Heights Metropolitan District – current certifies operational mill levies are 10 mills and certified debt service mill levies are 30 mills.
Central Marksheffel Metropolitan District – Current certified operational mill levies are 5 mills and certified debt mill levies are 35 mills.
Cascade Metropolitan District – No current mill levies
Constitution Heights Metropolitan District – Current certified operational mill levies are 25.
Sterling Ranch Metropolitan District – Current certified mill levies are 10 mills and certified debt service mill levies are 50 mills. For all three districts with in Sterling Ranch Metropolitan District.
Ventana Metropolitan District – Current operational certified mill levies are 10 mills and certified debt service mills are 30 mills.
Willow Springs Metropolitan District – Current certified mill levies are 40 mills.
Woodmen Heights Metropolitan District – Current certified mill levies apply to only districts 2 and 3 of operational10 mills, other current mills are 2 mills, and certified debt service mills of 30 mills.
Woodmen Road Metropolitan District – Current Certified mill levies are 10.8 mills.
What is a bond?
In the purpose of a special district there are bonds issued. These involve issuance of tax-exempt bonds to finance public improvements within the special district. Districts may construct public improvements and/ or purchase public improvements through the bond proceeds.
What are the benefits for me living within a special district or owning land within a special district?
Private Sector Benefits include, non-recourse financing, long-term financing, reduces equity/ third party borrowings, 100% debt financing, tax-exempt interest rates, interest reserves, no acceleration provisions, accelerate construction, additional facilities, and impact fee credit.
Public Sector Benefits include; the growth within the district is assured without impact to existing residents, preserves debt capacity of jurisdiction, new source of capital funding, the jurisdiction in not financially responsible for the debt obligations, competitive advantage among public entities, fulfilment of public purpose objectives, provision of additional amenities, and faster than impact fees.
Home Owner Benefits include lower home prices, additional amenities, advanced construction of improvements, and reduced operations and maintenance expenses.
Who do I contact for…?
For any information or questions in regards to the below districts, can be directed towards Walker Schooler District Managers either by email or phone at the contact information provided under “contact us” tab.
Barns Center Metropolitan District
Bent Grass Metropolitan District
Bradley Heights Metropolitan District (1, 2, & 3)
Cathedral Pines Metropolitan District
Cascade Metropolitan District No. 1
Central Marksheffel Metropolitan District
Constitution Heights Metropolitan District
Sterling Ranch Metropolitan District (1, 2, & 3)
Ventana Metropolitan District
Willow Springs Metropolitan District
Woodmen Heights Metropolitan District (1, 2, & 3)
Woodmen Road Metropolitan District
Woodmen Valley Fire Protection District
Falcon Community Builders for Classrooms (non-district)