Riverwalk Metropolitan Districts No. 2

ANNUAL REPORT
for the year ended December 31, 2023

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 2023:

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 2023.

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 2023.

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 P.C., 450 E. 17th Avenue, Suite 400, Denver, Colorado 80203, or on the Districts’ website.

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 2023.

5.      Status of the Districts’ construction of the Public Improvements as of December 31 of the prior year:

Demolition of the building located on the Gamma property continued in 2023.

6.      The assessed valuation of the Districts for the report year:

District No. 1: $0

District No. 2: $7,810

District No. 3: $700

7.      Current year budget including a description of the Public Improvements to be constructed in such year:

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. The Developer continued demolition of the building located on the Gamma property. No other construction activities occurred during 2023.

8.      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.

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.

11.  Conveyances or dedications of facilities or improvements, constructed by the District, to the City:

None.

*For accessiblity purposes, this is an alternate conforming version of the 2023 Annual Report

2025 Mill Levy - 0.000 Mills

2024 Mill Levy - 0.000 Mills

2025 Transparency Notice

https://www.sdaco.org/special-district-transparency-notice/sda-transparency/search/p/R