District Documents
ANNUAL REPORT
for the year ended December 31, 2025
RIVERWALK METROPOLITAN DISTRICT NOS. 1-3
(the “Districts”)
As required by Section 32-1-207(3)(c), C.R.S. and Section VII of the Districts’ Consolidated Service Plan, as approved by the City of Glendale (“City”) on September 4, 2012, the Districts submit the following documents and information to the City for report year 2025:
1. Boundary changes made or proposed to each Districts’ boundary as of December 31 of the prior year:
No boundary changes were made or proposed in 2025.
2. Intergovernmental Agreements with other governmental entities either entered into or proposed as of December 31 of the prior year:
No intergovernmental agreements were entered into or proposed in 2025.
3. Copies of the Districts’ Rules and Regulations, if any, as of December 31 of the prior year / Access information to obtain a copy of rules and regulations adopted:
The Districts have not adopted any rules and regulations to date. In the event the Districts adopt rules and regulations, it will be noted in a future annual report and copies will be accessible at the offices of the Districts’ General Counsel, McGeady Becher Cortese Williams P.C., 450 E. 17th Avenue, Suite 400, Denver, Colorado 80203, or on the Districts’website: https://riverwalksmetrodistrict2.specialdistrict.org/.
4. A summary of any litigation involving the Public Improvements as of December 31 of the prior year:
To our knowledge, the Districts were not involved in any litigation in 2025. The Districts are aware of certain litigation by and between the City and Glendale Development Partners, LLC, which may ultimately affect the Districts’ plan for completion of Public Improvements.
5. Status of the Districts’ construction of the Public Improvements as of December 31 of the prior year:
Construction of a parking garage commenced in 2025.
6. The assessed valuation of the Districts for the report year:
District No. 1: $0
District No. 2: $15,369
District No. 3: $2,749
7. Current year budget including a description of the Public Improvements to be constructed in such year:
A copy of the 2026 budget for District No. 2 is linked below.
District No. 1 and District No. 3 are inactive.
District No. 2 entered into a Project Management Agreement with the Developer, dated May 25, 2022, relating to the construction and installation of public infrastructure improvements. Construction of a parking garage commenced in 2025.
2026 Budget - as filed- website posting.pdf8. Audit of the Districts’ financial statements, for the year ending December 31 of the previous year, prepared in accordance with generally accepted accounting principles or audit exemption, if applicable:
District No. 1 and District No. 3 are inactive.
A copy of the 2025 Audit for District No. 2 will be provided upon completion.
9. Notice of any uncured events of default by the Districts, which continue beyond a ninety (90) day period, under any Debt instrument:
To our knowledge, there are no uncured events of default by the Districts which continue beyond a ninety (90) day period.
10. Any inability of the Districts to pay their obligations as they come due, in accordance with the terms of such obligations, which continue beyond a ninety (90) day period:
To our knowledge, the Districts have been able to pay their obligations as they come due.
Conveyances or dedications of facilities or improvements, constructed by the District, to the City: None
*For accessibility purposes, references to exhibits have been removed and links to exhibit documents have been added. For a copy of the Annual Report with exhibits as filed with the jurisdiction, please contact info@specialdistrictlaw.com.
For accessibility purposes, this is an alternate conforming version of the 2025 Annual Report.
2025 Mill Levy - 0.000 Mills
District No. 2 - 2024 Budget2024 Mill Levy - 0.000 Mills
Transparency Notice
