A note from the Board of Directors in response to owner issues raised at the Monday, June 26th, 2017 meeting can be found HERE.
A detailed response to the issues raised by the owners at the June 26th and subsequent meetings can be found HERE.
Welcome The Metro District is very similar to an HOA in that it manages certain aspects of the community and has a Board of Directors to govern District operations. Stillwater manages the Richards Farm Metro District and all questions regarding the Metro District are to be directed first to Stillwater.
The Richards Farm Metropolitan District is a local governmental entity which is responsible for providing certain public infrastructure and facilities to the community. Metropolitan districts are permitted by Colorado state statute to finance community planning and certain critical infrastructure, including initial construction of streets and certain utilities, as well as amenities such as trails, paths and greenbelts. Bonds are issued to finance the construction of infrastructure and amenities. Once the initial infrastructure has been completed, a metropolitan district will continue to exist for many years while the infrastructure bonds are being paid and retired. After initial infrastructure has been completed, metropolitan districts are also permitted by Colorado state statute to provide certain ongoing services to the community. The Richards Farm Metropolitan District exists for such purposes beyond the repayment of the infrastructure bonds.