Green Gables Metropolitan District No. 1

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

Green Gables Metropolitan District No. 1 is a local government that provides certain public improvements and services for the Green Gables community.

Public Improvements and Services

The District is authorized by the Special District Act and its Service Plan to provide various public improvements and services, including landscaping, storm drainage, streets, parks, and covenant enforcement and design review.

Maximum Debt Authorization

The District is authorized by its Service Plan to issue a maximum of $49,000,000 in bonds. The District issued a Taxable (Convertible to Tax-Exempt) Limited Tax General Obligation Refunding and Improvement Loan in the amount of $13,910,000 on November 14, 2019.

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 Debt Service Mill Levy Cap of 50 mills for that portion of debt that is equal to or in excess of 50% of the District’s assessed valuation, and unlimited for that portion of debt that is equal to or less than 50% of the District assessed valuation, subject to adjustment as described in the Service Plan.

Overlapping Governmental Entities

• Jefferson County Law Enforcement Authority
• Jefferson Conservation District
• Jefferson County R-1 School District
• Alameda Water & Sanitation District
• Bancroft-Clover Water & Sanitation District
• West Metro Fire Protection District
• Transportation Commission District 2
• Jefferson County
• Jefferson County Library District
• Jefferson County Emergency Communications Authority
• 1st Judicial District
• City of Lakewood

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