District Documents
ANNUAL INFORMATION REPORT
FOR THE YEAR 2024
SETTLER’S CROSSING METROPOLITAN DISTRICT NO. 2
As required by Section VII of the Service Plan for Settler’s Crossing Metropolitan District No. 2 (the “District”), approved by the City of Commerce City on March 27, 2006, the following report of the District’s activities from January 1, 2024 to December 31, 2024 is hereby submitted:
A. Boundary changes made or proposed. There were no boundary changes made or proposed during 2024.
B. Intergovernmental Agreements entered into, proposed or terminated. The District entered into the following intergovernmental agreements:
· Cost Sharing Intergovernmental Agreement by and between Settler’s Crossing Metropolitan District No. 1 and Settler’s Crossing Metropolitan District No. 2, dated January 24, 2023 (erroneously omitted from the District’s 2023 Annual Report).
· Intergovernmental Agreement Regarding the Reimbursement of Costs for Public Improvements by and among Settler’s Crossing Metropolitan District No. 1, Settler’s Crossing Metropolitan District No. 2, and North Range Metropolitan District No. 5, dated November 14, 2024.
C. Changes or proposed changes in the District’s rules and regulations / access information. There were no changes or proposed changes in the District’s rules and regulations in 2024. Should any rules or regulations be adopted, they can be obtained by contacting McGeady Becher Cortese Williams P.C., 450 E. 17th Ave., Suite 400, Denver, CO 80203-1254. Phone: 303-592-4380. Email: info@specialdistrictlaw.com.
D. Changes or proposed changes in the District operations. On January 30, 2023, the District issued its Convertible Capital Appreciation Limited Tax General Obligation Refunding and Improvement Draw Down Bonds, Series 2023, issued in the initial principal amount of $4,091,234.73 with a maximum principal amount of up to $4,727,000 when fully drawn. Details on the issuance are contained in the District’s 2023 Audit, which will be provided when completed.
E. Budgets and audits.
2025 BudgetThe District’s 2023 Audit is still in process and has not yet been completed. A copy of the final 2023 Audit will be provided when available. The District’s Application for Exemption from Audit for 2024 also has not yet been completed, and a copy will be provided when available.
F. A summary of any litigation involving the District. The District was not involved in any litigation during 2024.
G. Proposed plans for the year immediately following the year summarized in the annual report. The District does not have plans to directly construct any public improvements in 2025.
H. Status of construction / conveyances or dedications of facilities or public improvements. The District did not construct any public improvements during 2024. There were no conveyances or dedications of facilities or public improvements constructed by the District to the City of Commerce City during 2024.
I. The current assessed valuation in the District. The 2024 final assessed valuation in the District is $13,710.
The following information required by Section 32-1-207(3)(c)(II), C.R.S. (and not already disclosed above) is also provided:
J. Notice of any uncured defaults existing for more than ninety days under any instrument of the special district. There were no uncured defaults existing for more than ninety days under any instrument of the special district during 2024.
K. Any inability of the special district to pay its obligations as they come due under any obligation which continues beyond a ninety-day period. There was no inability of the special district to pay its obligations as they come due under any obligation which continues beyond a ninety-day period during 2024.
*For accessibility purposes, this is an alternate conforming version of the 2024 Annual Report
2023 Audit coming soon
The Transparency Notices for the Districts can be accessed on the Special District Association website:
https://www.sdaco.org/special-district-transparency-notice/sda-transparency/search/p/S
