Palisade Park West Metropolitan District

2024 ANNUAL REPORT
PALISADE PARK WEST METROPOLITAN DISTRICT

As required by Section 32-1-207(3)(c), C.R.S. and Section XI of the Service Plan for Palisade Park West Metropolitan District (the “District”), approved by the City and County of Broomfield, Colorado (the “City”) on August 14, 2018, the following report of activities from January 1, 2024 to December 31, 2024 is hereby submitted.

A.                Boundary changes made: The District did not make any boundary changes during the reporting year.

B.                 Intergovernmental Agreements entered into or terminated: No Intergovernmental Agreements were entered into or terminated during the reporting year.

C.                 Access information to obtain a copy of rules and regulations adopted: The District does not currently have any rules and regulations and there were none proposed during the reporting year.  In the event the District adopts rules and regulations in the future, such documents may be accessed at the offices of McGeady Becher Cortese Williams P.C., 450 E. 17th Avenue, Suite 400, Denver, Colorado 80203, or on the District’s website: https://palisadeparkwestmetropolitandistrict.specialdistrict.org/.

D.                Summary of litigation involving the District’s public improvements: To our knowledge, the District is not involved in any litigation.

E.                 Status of the District’s construction of public improvements: The District constructed, or financed the construction of, the following public improvements during the reporting year:

·         Improvements for Huron St. (between 169th St. and State Highway 7) and State Highway 7 (I-25 to Huron St.) were completed.

F.                  Conveyances or dedications of facilities or improvements, constructed by the District, to the City: The following facilities or improvements, constructed or financed by the District, were conveyed or dedicated to the City during the reporting year:

·                     Huron St. (between 169th St. and State Highway 7):

o   Roadway and storm sewer improvements

·                     State Highway 7 (I-25 to Huron St):

o   Roadway and storm sewer improvements

G.                Final assessed valuation of the District for the reporting year: The final gross total taxable assessed valuation of the District for the reporting year is $12,547,080 and the final net total taxable assessed valuation of the District for the reporting year is $128,562.

H.                Current year’s budget: 

I.                    Audited financial statements for the reporting year (or application for exemption from audit):

J.                   Notice of any uncured events of default by the District, which continue beyond a ninety (90) day period, under any debt instrument: To our knowledge, there are no uncured events of default by the District which continue beyond a ninety (90) day period.

K.                Any inability of the District to pay its obligations as they come due, in accordance with the terms of such obligations, which continues beyond a ninety (90) day period: To our knowledge, the District has been able to pay its obligations as they come due.

*For accessibility purposes this is an alternate conforming version of the Annual Report

2025 Mill Levy - 70.034 Mills

2024 Mill Levy - 64.214 Mills

The Transparency Notice for the District can be accessed on the Special District Association website:

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