DUS Metropolitan Districts Nos. 1, 2 and 3

The DUS Metropolitan District Nos. 1-3 (the “Districts”) are Title 32 Special Districts that have been established for the purpose of financing and installing street, park and recreation, water, sanitation (including stormwater drainage), transportation, mosquito control, safety protection, and limited fire protection improvements of the Districts; 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 respective Service Plan for each of the Districts approved by the City and County of Denver, Colorado, on August 4, 2008, and modified as of December 31, 2009 (as modified, the “Original Service Plans”), and amended on January 30, 2017 (as amended, the “Service Plan Amendments”, and collectively with the Original Service Plans, as may be further amended from time to time, the “Service Plans”).

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

The Original Service Plans authorized an aggregate debt authorization in the principal amount of $300,000,000 to fund improvements related to the redevelopment of the Denver Union Station (the “DUS Project Improvements”) as well as improvements other than DUS Project Improvements (the “District Improvements”).  The Districts utilized the aggregate principal amount of $300,000,000, authorized by the Original Service Plans, to finance the DUS Project Improvements, and as a result the City approved the Service Plan Amendments authorizing each District to issue debt to finance the District Improvements in a principal amount that shall not exceed $50,000,000, exclusive of refunding debt.  Ad valorem property tax revenues, tax increment revenues, specific ownership taxes, fees, rates, tolls, or charges (as allowed by Colorado law) may be used to repay such debt.

DUS Metropolitan District No. 1 is not authorized to impose any property tax levy to repay such debt without the prior written approval of the Manager of Finance for the City and County of Denver. DUS Metropolitan District Nos. 2 and 3 may each assess a maximum mill levy of fifty (50) mills to repay such debt. Such mill levy is subject to adjustment to take into account legislative or constitutionally imposed adjustments in assessed values or the method of their calculation as of August 4, 2008.

The Districts must file an Annual Report with the City and County of Denver Clerk and Recorder.

The Districts’ boundaries overlap with the boundaries of the City County of Denver and Denver Union Station Downtown Development Authority.

If interested in serving on the Board of Directors for DUS Metropolitan District No. 1, DUS Metropolitan District No. 2, or DUS Metropolitan District No. 3, 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.