Purpose of the District
The District was organized with authority to provide certain services and facilities within and without its boundaries to serve the development within the Water Valley Metropolitan District Nos. 1 & 2 (the “Water Valley Districts”), commonly known as “Water Valley.” The District is a quasi-municipal corporation and political subdivision of the State of Colorado, and as such, exercises certain governmental powers for the benefit of its constituents and those of the Water Valley Districts. The District derives its power from Colorado statutes and from its Service Plan. The Service Plan contains general information about the facilities, services and powers of the District, and may be amended from time to time to deal with evolving needs of the District. A copy of the Service Plan may be obtained from the District Manager. The District has the power to tax properties within its boundaries and to impose fees for services available from or provided by the District.
The Governing Body
The District is governed by an elected Board of Directors (the “Board”). The Board is responsible for the overall management and affairs of the District. The Board consists of five individuals who, as residents or Property Owners, as defined in the Section 32-1-101 et. seq., C.R.S. (the “Special District Code”) within the District, who are qualified to serve as directors. Directors are generally elected to four-year terms at elections held in May of even-numbered years. The Board may elect from its membership a president, vice-president, treasurer, and appoints a secretary.
District Services and Facilities
In general terms, the District attempts to provide for the planning, design, acquisition, construction, installation, relocation and maintenance of necessary and adequate public improvements and infrastructure for the Cornerstone development, including, but not limited to, water facilities and infrastructure, internal streets and roadway systems, wastewater collection and treatment, offsite roadway systems, and fire and emergency medical protection improvements and services.
Fees, Rates, Tolls and Charges
The District has the power to impose various fees, rates, tolls, charges and penalties for services and facilities provided by the District. Failure of a resident or property owner to pay such fees constitutes a statutory perpetual lien which may be foreclosed upon in the manner of a mechanics lien. The District exercises such power for the overall benefit of the District has adopted a schedule of fees, as may be amended from time to time.