Resource Colorado Water and Sanitation Metropolitan District Documents
ANNUAL INFORMATION REPORT
FOR THE YEAR 2024
RESOURCE COLORADO WATER AND SANITATION METROPOLITAN DISTRICT
As required by Section 32-1-207(3)(c), C.R.S. and Section VIII of the Service Plan for Resource Colorado Water and Sanitation Metropolitan District, approved by Weld County, Colorado on August 25, 2004, the District hereby presents the following report of the District’s activities from January 1, 2024 to December 31, 2024:
A. Changes in the District’s taxing boundary or Service Area boundary / boundary changes made: The following boundary changes were made or proposed during 2024:
- Order for Inclusion of approximately 0.571 acres issued on September 26, 2024 and recorded in the Weld County land records on October 4, 2024 at Reception No. 4986458.
B. Intergovernmental Agreements entered into or terminated:
- Amended and Restated Annexation and vested Property Rights Agreement (Pioneer Annexation Nos. 1-11) dated April 15, 2024, by and between the Town of Keenesburg, Pioneer Holdco, LLC, Resource Colorado Water and Sanitation Metropolitan District, Pioneer Metropolitan District No. 3 and the Pioneer Community Authority Board.
C. Changes in the District’s rules and regulations, and access information to obtain a copy of rules and regulations adopted: There were no changes to the District’s rules and regulations in 2024.
Adopted rules and regulations may be accessed at the offices of McGeady Becher Cortese Williams, P.C. 450 E. 17th Avenue, Suite 400, Denver, CO 80203, 303-592-4380, or on the District’s website: https://pioneermetropolitandistricts.specialdistrict.org/.
D. Summary of any litigation which involves the District / District’s public improvements: Neither the District nor its public improvements were involved in any litigation in 2024.
E. Status of District’s construction of public improvements: The District did not construct any improvements in 2024.
F. Annual audited financial statements of the District or appropriate exemptions from audit for the reporting year (or application for exemption from audit): The District is currently exempt from audit, pursuant to Section 29-1-604, C.R.S. A copy of the 2024 Application for Exemption from Audit is linked below:
2024 Audit Exemption
G. Summary of total debt authorized, issued and outstanding: See below summary.
| Principal Amount of Authorized Debt | Principal Amount of Authorization Used | Principal Amount of Authorization Remaining | ||
|---|---|---|---|---|
| Purpose - Improvements | ||||
| 5A | Streets | $324,000,000.00 | $0.00 | $324,000,000.00 |
| 5B | Water Supply System | $324,000,000.00 | $0.00 | $324,000,000.00 |
| 5C | Sanitary Sewer System | $324,000,000.00 | $0.00 | $324,000,000.00 |
| 5D | Mosquito Control | $324,000,000.00 | $0.00 | $324,000,000.00 |
| Purpose - Other Authorizations | ||||
| 5E | Refunding of District debt or other obligations | $324,000,000.00 | $0.00 | $324,000,000.00 |
| 5F | IGAs that are MFY obligations; payable from unlimited ad valorem property tax levy | $324,000,000.00 | $0.00 | $324,000,000.00 |
| 5G | Operating Expenses and Reimbursement of Operating Advances to the District | $50,000,000.00 | $0.00 | $50,000,000.00 |
| 5H | IGAs that are MFY obligations; payable from unlimited ad valorem property tax levy | $324,000,000.00 | $0.00 | $324,000,000.00 |
| 5I | IGAs for Regional Improvements that are MFY obligations | Allowed | ||
| 5J | Authority to Collect/Spend Facilities Fees, charges, tap fees | Allowed |
Note: IGA = Intergovernmental Agreement; MFY = Multiple Fiscal Year
Debt: All authorized debt is in the form of revenue bonds or other obligations of the District including but not limited to contracts, leases and other agreements, except as otherwise noted.
The following information required by Section 32-1-207(3)(c)(II), C.R.S. (and not already disclosed above) is also provided:
H. Conveyances or dedications of facilities or improvements, constructed by the District, to the Weld County: The District did not convey or dedicate any improvements in 2024.
I. Final assessed valuation of the District for the report year: $5,970.
J. Current year’s budget: A copy of the District’s 2025 budget is linked below.
2025 Budget
K. Notice of any uncured events of default by the District, which continue beyond a ninety (90) day period, under any debt instrument: To our knowledge, there are no uncured events of default by the District which continue beyond a ninety (90) day period.
L. Any inability of the District to pay its obligations as they come due, in accordance with the terms of such obligations, which continues beyond a ninety (90) day period: To our knowledge, the District has been able to pay its obligations as they come due.
*For accessibility purposes, this is an alternate conforming version of the 2024 Annual Report
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/P
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