Verve Metropolitan District No. 1

The Verve Metropolitan District No. 1 is a Title 32 Special District that has been established for the purpose of financing and installing street, park and recreation, water, sanitation, transportation, mosquito control, and safety protection improvements of the District, and the provision of covenant enforcement and design review services; 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 Service Plan for the District approved by Jefferson County, Colorado, on February 11, 2014, as it may be amended from time to time (the “Service Plan”).

The Public Improvements and Services are for the use and benefit of the taxpayers of the District. The District is located in Jefferson County and the City and County of Broomfield, Colorado. The District is a quasi-municipal political subdivision of the State of Colorado authorized to provide specialized services that neither Jefferson County nor the City and County of Broomfield provide.

The District may incur a maximum debt of $175,000,000. Ad valorem property tax revenues, specific ownership tax revenues, facilities fees imposed by the District, and any other legally available revenues of the District may be used to repay such debt.

The District may assess a maximum mill levy of fifty (50) mills to repay such debt. The maximum mill levy is subject to adjustment in the event the method of calculating assessed valuation is changed after February 11, 2014, by any change in law, change in method of calculation, or in the event of any legislation or constitutional mandated tax credit, cut or abatement.

The District must file an Annual Report with the Jefferson County Clerk and Recorder and the City and County of Broomfield Clerk and Recorder.

The District’s boundaries overlap with the boundaries of Jefferson County School District No. R -1, Jefferson County, City of Broomfield, County of Broomfield, Moffat Tunnel Improvement District, Municipal Subdistrict of North Colorado Water Conservation District, Regional Transportation District, Verve Metropolitan District Nos. 2-4, North Metro Fire Rescue District, Apex Park & Recreation District, Jefferson County Law Enforcement Authority, Urban Drainage and Flood Control District, Urban Drainage and Flood Control District – South Platte, and Front Range Passenger Rail District.

If interested in serving on the District Board of Directors, please contact info@specialdistrictlaw.com for more information.

For information regarding the system or process to contact someone associated with the District during regular business hours and outside of regular business hours, please contact info@specialdistrictlaw.com.