Washington 25 Metropolitan District Nos. 1, 2, 3, and 4

WASHINGTON 25 METROPOLITAN DISTRICT NOS. 1-4
2024 ANNUAL REPORT

As required by Section 32-1-207(3)(c), C.R.S., and Section VII of the Service Plan for the Washington 25 Metropolitan District Nos. 1-4 (“Districts”), approved by the City of Thornton (“City”) on August 23, 2016, the Districts hereby submit their annual report for the year ending December 31, 2024:

A.                Boundary changes made:  No boundary changes were made or proposed during 2024 for District Nos. 1, 2 and 3.  District No. 4 proposed the inclusion of approximately 76.395 acres into its boundaries and an Order for Inclusion was granted by the District Court for Adams County on September 23, 2024, and recordation is pending.

B.                 Intergovernmental Agreements entered into or terminated: The Districts are a party to the following intergovernmental agreements as of December 31, 2024:

                                            i.            Memorandum of Understanding among the Districts dated September 24, 2018, with an effective date of August 7, 2018.  Termination of Memorandum of Understanding as to District No. 4 was approved by the Districts on September 9, 2024, but is not yet in effect.

                                          ii.            Intergovernmental Agreement Regarding Debt Allocation approved by the Districts on September 9, 2024, but is not yet in effect.

C.                 Access information to obtain a copy of rules and regulations adopted: The Districts do not currently have any rules and regulations and there were none proposed during 2024. The Districts’ website address is: https://washington25md.colorado.gov/.

D.                Summary of litigation involving the Districts or the Districts’ public improvements: The Districts nor the Districts’ public improvements were involved in any litigation in 2024.

E.                 Status of the District’s construction of public improvements:  The Districts did not construct any public improvements in 2024.

F.                  Conveyances or dedications of facilities or improvements, constructed by the District, to the municipality: The Districts did not convey any facilities or improvements to the City of Thornton in 2024.

G.                Final assessed valuation of the District for the report year: The final assessed valuations of the Districts for 2024: District No. 1: $1,440.00; District No. 2: $40.00; District No. 3: $40.00; and District No. 4: $40.00

H.                Current year’s budget including a description of the Public Improvements to be constructed in such year: .  District No. 3 declared Inactive Status effective January 1, 2025 and was not required to adopt a 2025 budget.  The Districts have no construction plans for 2025.

I.                    Audited financial statements for the reporting year (or application for exemption from audit): The Districts are currently exempt from audit, pursuant to Section 29-1-604, C.R.S.  

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 Districts 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 Districts have been able to pay their obligations as they come due.

*For accessibility purposes, this is a conforming alternate version of the 2024 Annual Report

2026 Mill Levies - 50.000 mills

2025 Mill Levies - 50.000 mills

2024 Mill Levies - 50.000 mills

The  Transparency Notices for the Districts can be accessed on the Special District Association:

https://www.sdaco.org/lc/sda-transparency/notice/id/2687