Gardens at North Carefree Metropolitan District

Announcements:

A CALL FOR NOMINATIONS

(NOTICE BY PUBLICATION OF)

1-13.5-501, 1-13.5-1102(3), 32-1-905(2), C.R.S.

TO WHOM IT MAY CONCERN, and, particularly, to the electors of the Gardens at North Carefree Metropolitan District, El Paso County, Colorado.

NOTICE IS HEREBY GIVEN that an election will be held on the 2nd day of May, 2023, between the hours of 7:00 a.m. and 7:00 p.m. At that time, 2 directors will be elected to serve 4-year terms. Eligible electors of the District interested in serving on the board of directors may obtain a Self-Nomination and Acceptance form from the District Designated Election Official (DEO):

Peter M. Susemihl (Designated Election Official)

660 Southpointe Ct., Suite 210 (DEO Address)

Colorado Springs, Colorado 80906 (DEO Address)

719-579-6500 (DEO Telephone)

The Office of the DEO is open on the following days: Monday through Friday from 8:00 a.m. to 5:00 p.m.

The deadline to submit a Self-Nomination and Acceptance is close of business on Friday, February 24 2023 (not less than 67 days before the election). Affidavit of Intent To Be A Write-In-Candidate forms must be submitted to the office of the designated election official by the close of business on Monday, February 27, 2023 (the sixty-fourth day before the election).

NOTICE IS FURTHER GIVEN, an application for an absentee ballot shall be filed with the designated election official no later than the close of business on Tuesday, April 25, 2023.

Gardens at North Carefreee Metropolitan District

Peter M. Susemihl (Designated Election Official Signature On File)

Gardens at North Carefree Metropolitan District has an existing mill levy of 40.000 mills obligated to pay off Developer Reimbursements and 10.000 mills to fund operations and maintenance within the District at this time there is no discussion on issuing any future mill levies. The Debt mill levy is set to stay in place until the obligated debt is paid off, current maturity date is set for December 1, 2046, and there are currently no anticipated increases or decreases.

At this time, the Board is discussing the benefits of issuing a Bond to pay off the Developer Advance and eliminate a higher interest rate. Here is a summary of the District’s current outstanding Long Term Financial Obligations:

Name of Debt	Initial Debt Issuance Amount	Maturity Date	Interest Rate
Reimbursement Agreement

The Gardens at North Carefree Metropolitan District’s main function is to collect tax revenue to pay off the current Long Term Debt and provide covenant enforcement along with operations and maintenance, including but not limited to, landscape maintenance throughout the District owned by the District. At this time, the District is not anticipating providing any other primary functions.

The District currently owns detention ponds and landscape tracts. *See map for a visual of property owned by the District.

NAME	POSITION	TERM	EMAIL	DEVELOPER/ RESIDENT
Elizabeth Covington	Director	May 2025	Elizabeth.C@GardensAtNorthCarefreeMD.org	Developer
Ron Covington	Director	May 2025	Ron.C@GardensAtNorthCarefreeMD.org	Developer
Laureen Deveau	Director	May 2025	Laureen.D@GardensAtNorthCarefreeMD.org	Developer
Cheryl Herber	Director	May 2023	Cheryl.H@GardensAtNorthCarefreeMD.org	Developer
Heath Herber	Director	May 2023	Heath.H@GardensAtNorthCarefreeMD.org	Developer