Westcreek Metropolitan District Nos. 1 & 2

Overview

The Westcreek Metropolitan District Nos. 1-2 are governmental entities and political subdivisions of the State of Colorado.  A metro district is a type of special district that provides at least two different types of services. Metro districts finance the public infrastructure necessary for residential as well as commercial and mixed-use developments. 

 The Districts are authorized to finance public improvements/infrastructure that can be

funded from Debt.  The Debt is repaid from property tax revenues collected from a mill levy.  The mill levies are assessed annually by the Board of Directors.

The total maximum aggregate principal amount of Debt permitted between the Districts is $7,800,000.  Debt (Bonds) were issued by District No. 2 to finance the infrastructure that benefits both Districts. The Debt that District No. 1 is permitted to issue is limited by an intergovernmental agreement with District No. 2 whereby District No. 1 has pledged the revenue derived from its debt service mill levy to District No. 2 to assist in the payment of bonds issued by District No. 2.

• Maximum Debt Mill Levy for District No. 1 – 35 mills, subject to adjustment
• Maximum Debt Mill Levy for District No. 2 – 50 mills, subject to adjustment

The Districts operate with an elected five-person Board of Directors, who serve staggered 4-year terms.  Regular Director Elections are held in May of odd-numbered years.  Eligible electors may submit a Self-Nomination and Acceptance Form if they wish to run for a seat on the Board.  The next election is in May of 2027.  Information on obtaining and submitting a Self-Nomination will be provided beginning January 1, 2027.