Tag: Metro Districts
-
The Turnberry tension: Adams County lawsuit highlights questions around metro districts
Homeowners of a small neighborhood in Commerce City remain confused and irate about the future of their property taxes in the aftermath of a lawsuit between the metropolitan district where they live and a bank. The conflict stems from a 2023 lawsuit in which UMB Bank in its capacity as trustee, alleged the BNC2 Metropolitan…
-
Turnberry residents question board about potential tax raises
Around 30 Turnberry metro district residents packed into the Bison Ridge Recreation Center on Tuesday evening, questioning the resident-led board about the slew of conflicting information about property taxes. “You already threw away $3.5 million,” one resident jested. “That’s factually incorrect,” Board Director Adam Marston replied. An anonymous letter had been sent to nearly 330…
-
What are metro districts?
Created by the Special District Act of 1981 by the Colorado General Assembly, metro districts are quasi-governmental entities that didn’t really start showing up until the 2000s. Today, there are more than 2,400 across Colorado. A metro district is created by a developer with the consent of the local government — in Turnberry’s case, Commerce…
-
Bill creating HOA and metro district task forces heads to Jared Polis
Two separate task forces created by the state General Assembly will take deep dives later this year into the issues affecting tens of thousands of Coloradans living in homeowners’ associations and metropolitan districts. The task forces’ creation comes on the heels of a variety of unsuccessful efforts in the Legislature to change how they operate that…
-
Colorado bill creating HOA and metro district task forces passes Senate committee
A state Senate committee on Thursday approved a bill to set up a pair of task forces that will separately identify problems within homeowners associations and metropolitan districts and offer possible legislative fixes. In a 5-2 vote, the Senate Local Government and Housing committee moved House Bill 23-1105 to that chamber’s panel on appropriations. It…
-
House bill to prohibit Colorado metro district developers from buying own financing heads to Senate
A bill that seeks to stop metropolitan district developers from buying municipal bonds that they or their affiliates approved for sale while serving on the community’s board of directors passed the state House on Tuesday. In a 38-24 vote that drew a Republican in favor and pulled seven Democrats from the majority, House Bill 1090…
-
Colorado bill letting metro district developers buy their own bonds passes Senate committee; showdown possible
Metro district developers on Tuesday rallied around a bill that would in part provide greater financial disclosures to homebuyers but also continue to allow the builders to buy their own public financing — a direct salvo at another bill that aims to prevent it. The most contentious portion of Senate Bill 23-110 squarely aims to…