General Information About the District
The Platte River Ranch South Metropolitan District (District), a quasi-municipal corporation and political subdivision of the State of Colorado, was organized by order and decree of the District Court for Adams County on June 23, 2016, and is governed pursuant to provisions of the Colorado Special District Act (Title 32, Article 1, Colorado Revised Statutes). The District operates under a service plan approved by the City of Brighton on March 01, 2016. The District’s service area boundaries encompasses 479 single-family homes located within the following three subdivisions: Platte River Ranch Filing 2, 3 and 5.
On January 01, 2017, the District assumed the following responsibilities from the Platte River Ranch Filing No 2 Homeowners Association:
- Maintenance of the open spaces including Lark Park and the right-of-way landscaping running along both sides of Bromley Lane
- Maintenance of four storm water detention ponds
- Enforcement of the covenants as provided in the Declaration of Covenants, Conditions and Restrictions for Platte River ranch Filing No 2.
- Architectural Review services (including enforcement of the Architectural Design Guidelines)
- Maintenance of District-owned perimeter fencing
- Recreation activities and events for District residents
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DISTRICT REVENUE SOURCES
In order to fund its operations, the District generates revenue from the following sources:
Property Taxes: Each year, the District assesses property taxes on the homeowners living within the District. Property tax assessments is the District's primary source of revenue and currently comprises approximately 93% of the District's total annual revenue. In May 2016, voters approved the District's ballot issue 1A, which authorized the District to change the mill levy rate each year without obtaining further approval from the voters. However, the District is restricted from generating annual property tax revenue in excess of $250,000. This ceiling limit is adjusted each year for inflation based on the Colorado Consumer Price Index.
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State Tax Subsidies: Each year, the District receives a "specific ownership tax" subsidy from the State of Colorado. The State funds this subsidy from its collection of annual vehicle registration fee taxes paid by owners of Colorado-registered vehicles. The subsidy is paid out in the form of a matching contribution to the District and is calculated as a percentage of the total property taxes assessed by the District. The State establishes the rate each year for matching contributions. A historic trend of the matching rates set by the State is provided in Exhibit 1.
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For the past few years, this subsidy has averaged approximately 8% of the District's property tax revenue.
Interest Income: State laws restrict the types of funds in which the District may invest its cash. The District's investment income is an insignificant source of revenue to the District due to the low interest rates offered on investment funds available to metropolitan district.
Regulation and Oversight of District operations
The District is subject to various rules and reporting requirements at the City and State level. Click here to learn more about other agencies and associations with which the District interacts or to which the District must report.