Riverwalk Metropolitan Districts No. 2

Riverwalk Metropolitan District No. 1 (“District No. 1”), Riverwalk Metropolitan District No. 2 (“District No. 2”) and Riverwalk Metropolitan District No. 3 (“District No. 3” and together with District No. 1 and District No. 2, the “Districts”) are Title 32 Special Districts that have been established for the purpose of financing and installing street, park and recreation, water, sanitation, transportation, mosquito control, safety protection, limited fire protection, and television relay and translation improvements of the District; and all other improvements or services permitted by Article 1, Title 32, C.R.S. (collectively, the “Public Improvements and Services”), except as specifically limited by the Consolidated Service Plan for the Districts approved by the City of Glendale on August 13, 2012, as it may be amended from time to time (the “Service Plan”). District No. 1 and District No. 3 are currently Inactive Special Districts, as defined by 32-1-103(9.3) C.R.S.

The Public Improvements and Services are for the use and benefit of the taxpayers of the Districts.  The Districts are located in the City of Glendale, Arapahoe County, Colorado.  The Districts are quasi-municipal political subdivision of the State of Colorado authorized to provide specialized services that the City of Glendale does not provide.

The Districts, collectively, may incur a maximum debt of $100,000,000.  Ad valorem property taxes and other legally available revenues may be used to repay such debt.

The Districts may assess, subject to adjustment for changes in the method of calculating assessed valuation occurring on or after January 1, 2012, a maximum debt mill levy of fifty (50) mills to repay such debt.

District No. 2 must file an Annual Report with the City of Glendale, with the Division of Local Government, the State Auditor, and the Arapahoe County Clerk and Recorder.

The Districts’ boundaries overlap with the boundaries of Cherry Creek School District No. 5, Arapahoe County, City of Glendale, Arapahoe Library District, Glendale Downtown Development Authority, Developmental Disability District, Regional Transportation District, Urban Drainage and Flood Control District, and Urban Drainage and Flood Control District South Platte.

If interested in serving on the Districts’ Boards of Directors, please contact info@specialdistrictlaw.com for more information.

For information regarding the system or process to contact someone associated with the Districts during regular business hours and outside of regular business hours, please contact info@specialdistrictlaw.com.