River Oaks Metropolitan District

District Overview (per Sec. 32-1-104.5(3)(a)(X), C.R.S.)

River Oaks Metropolitan District is a local government that provides certain public improvements and services for the River Oaks community.

Public Improvements and Services

The District is authorized by the Special District Act and its Service Plan with the authority to provide various public improvements and services, including streets, traffic and safety, water, sanitation, parks and recreation, transportation, television relay and translator, and mosquito control improvements. The District’s current services are limited to financing the completed public improvements.

Maximum Debt Authorization

The District is authorized by its Service Plan to issue debt for the public improvements, estimated to be a combined total amount of $9,448,746, in general obligation bonds and/or revenue bonds, subject to electoral authorization. 

Authorized Sources for Debt Repayment

The District is authorized to repay its general obligation debt from any and all legally available revenues of the District, including general ad valorem taxes.

Maximum Mill Levy for Debt Repayment

The District’s Service Plan imposes a Mill Levy Cap of 50 mills, subject to adjustment as described in the Service Plan.

Board Member Qualifications

The District holds regular elections for board members on the first Tuesday after the first Monday in May of each odd-numbered year. A person is qualified to be a candidate if they are a registered to vote under the Colorado Uniform Election Code of 1992 and are either (1) a resident of the District, or (2) the owner (or spouse or civil union partner of an owner) of taxable real or personal property within the District.  People interested in a position on the District’s Board of Directors may contact the District’s legal counsel for further information:

Seter, Vander Wall & Mielke, P.C.
7400 E. Orchard Road, Suite 3300
Greenwood Village, CO 80111
Phone: (303) 770-2700
Email: svw@svwpc.com