NOTICE OF BOARD MEETING AND NOTICE TO ISSUE DEBT
GARDENS AT NORTH CAREFREE METROPOLITAN DISTRICT
EL PASO COUNTY, COLORADO
NOTICE IS HEREBY GIVEN THAT A REGULAR MEETING OF THE BOARD OF DIRECTORS OF THE GARDENS AT NORTH CAREFREE METROPOLITAN DISTIRCT, EL PASO COUNTY, WILL BE HELD AT 10:00 A.M., WEDNESDAY, NOVEMBER 1, 2023 AT THE OFFICES OF COVINGTON HOMES, 13725 STRUTHERS ROAD, SUITE 201, COLORADO SPRINGS, CO 80921.
AT THIS MEETING, IT IS ANTICIPATED THE BOARD WILL MAKE A FINAL DETERMINATION WITH REGARD TO THE DEVELOPER REIMIBURSEMENT AGREEMENT AND TO ISSUE ITS LIMITED TAX GENERAL OBLIGATION DEVELOPER BOND, SERIES 2023 IN THE AMOUNT OF $2,960,556.00 FOR THE PURPOSE OF FINANCING, DESIGNING, AND CONSTRUCTION OF PUBLIC IMPROVEMENTS IN THE GARDENS AT NORTH CAREFREE DEVELOPMENT.
THE BOARD WILL ALSO TAKE UP SUCH OTHER MATTERS THAT MAY COME BEFORE IT. THIS MEETING MAY BE CONTINUED TO A LATER DATE.
ALL MEETINGS ARE OPEN TO THE PUBLIC.
GARDENS AT NORTH CAREFREE METROPOLITAN DISTRICT
BY: RON COVINGTON, PRESIDENT
(Posted at the District web site and El Paso County special district notice site)
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|
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.
|Ronald Covington||President||May firstname.lastname@example.org||Developer|
|Grace Covington||Secretary||May email@example.com||Developer|
|Laureen Deveau||Treasurer||May firstname.lastname@example.org||Developer|
|Heath Herber||Assistant Secretary||May email@example.com||Developer|
Meeting Schedule: 2023 Regular meetings are scheduled for the first Wednesday of each month.
|2023 Board Meeting Agendas||2023 Board Meeting Minutes|
|November 1, 2023 Town Hall Presentation|
November 1, 2023 Board Meeting Agenda
November 1, 2023 Board Meeting Notice
June 7, 2023 Board Meeting Agenda
|June 7, 2023 Meeting Minutes*|
*Awaiting Board approval.
|2022 Board Meeting Agendas||2022 Board Meeting Minutes|
|November 2, 2022 Board Meeting Agenda||November 2, 2022 Meeting Minutes|
Required Notice Pursuant to House Bill 23-1105 – Metropolitan District Homeowners’ Rights Task Force
House Bill 23-1105 created the HOA and Metropolitan District Homeowners’ Rights Task Forces to examine certain matters in communities that are governed by these entities. The Metropolitan District Homeowners’ Rights Task Force will review, among other matters, tax levying authority and practices, foreclosure practices, communications with homeowners and governance policies. A requirement of the new law is that we notify you of the creation and existence of the Metropolitan District Homeowners’ Rights Task Force prior to its first meeting. If you have any questions about the Metropolitan District Homeowners’ Rights Task Force, please reach out to the Colorado Department of Regulatory Agencies or visit their website at https://dora.colorado.gov.
|Important District Documents|
Boundary Tax Map
Gardens at North Carefree MD CCR’s
Architectural Submission Online Form
2023 Transparency Notice
2022 Audit Exemption
|2022 Reimbursement Agreement|
2023 Election Resolution
|Self Nomination Deadline: February 24, 2023|
Regular Election Date: May 2, 2023
Election Documents and Information:
2023 Notice of Cancellation and Certified Statement of Results
2023 Election Information Reference Guide
2023 Regular Election Calendar
2023 Election Manual – Bookmarked
2023 Frequently Asked Questions
Link to Special District Forms Page
*For more information, visit the Colorado Department of Local Affairs Special Districts Elections Page
Historical Election Documents:
2022 Notice of Cancellation and Results
| Helpful Links and Information on Special Districts:|