2.18.2020 Community Meeting Presentation Presented by: Brighton Crossings Operations Board Quarterly Community Meeting February 18, 2020
2.18.2020 Community Meeting Presentation Dis istrict/Authorit ity 101 & Brig ighton Crossings Operations Board Update
2.18.2020 Community Meeting Presentation • Title 32 Special Districts • Local Government (Quasi-municipal) • Formed under Title 32 of the Colorado Revised Statutes • First authorized in 1949 by the General Assembly to provide certain municipal-type services in rural and What is a unincorporated areas • Single Purpose District Title 32 • Fire District – Fire District 6 Greater Brighton • Metropolitan District Special • Providing two or more specific services, including but not limited to: Covenant Enforcement, Architectural Control, Park and Recreation, Domestic Water, District? Sanitary Sewer, Roadways, Irrigation Water, Park and Recreation, Transportation, Traffic and Safety Controls
2.18.2020 Community Meeting Presentation Why Special Districts Are Created • Public infrastructure can be financed over time. • Property owners can deduct taxes paid to the district on their federal income tax returns. • New infrastructure is funded by those who will benefit (property owners and residents within the district). • Well-established revenue for long-term maintenance and operations of certain public improvements that are not dedicated to a municipality (public access). • Formal government entity; governed by an elected Board of Directors. • Architectural control and covenant compliance.
2.18.2020 Community Meeting Presentation Governmental Hierarchy • TABOR • Title 32 Colorado Revised Statute State of Colorado • Title 29 Public Financing • Title 1 Elections County of Adams • Land Use Regulations City of • Policing • Service Plan Approval for all Special Districts Brighton • District 4 – Service Plan Approved and Formed in 1984. Brighton • District No. 5-8 Service Plan Approved and Formed in 2018. Crossings
2.18.2020 Community Meeting Presentation District Service Plan • District Service Plan • District services and powers • Defines facility ownership and operation • Debt cap - 50 Mills, Maximum total issuance $60,000,000 • Operations cap – 10 Mills • Maximum Total Mill levy cap – 60 Mills on every property within District Nos. 4-8. • Exhibits provided with Service Plan • District infrastructure maps • District boundary maps and legal descriptions • Capital and operations & maintenance cost estimates • Financial modeling • Intergovernmental Agreements (IGAs) | Authority Establishment Agreement
2.18.2020 Community Meeting Presentation Governance of the District Board of Director – Manager Model Title 32 / Service Plan Board Of Directors District Management (Pinnacle Consulting) • Separate and Distinct from Municipalities • 5-person elected Board oversees and directs all aspects of the District • Local municipality is not liable for debt or other obligations of a district • Sets budget and certifies mill levy Serves the Board of Directors annually • No police power • Compliance, financial and • Issue debt to pay for public • No land use regulatory authority capital services infrastructure • All zoning, streets, parks, land • Sets policies to operate and • Responsible for overall development plans are approved maintain public infrastructure through the City of Brighton operations of the District at owned by Brighton Crossings the direction of the Board
2.18.2020 Community Meeting Presentation Brighton Crossings Authority Brighton Crossings Authority • Operation and maintenance of public facilities • Covenant Compliance and Architectural Review • O&M Fee Assessment and Collection Brighton Crossings Brighton Crossings Brighton Crossings MD No. 8 MD No. 7 MD No. 4 Future Capital Capital 2019/2020 Full build out of public infrastructure Brighton Crossings Brighton Crossings MD No. 5 MD No. 6 Capital 2020/2021 Capital 2020/2021
Management and Administration 2.18.2020 Community Meeting Presentation • State and Local Compliance • Board Meeting Coordination • Contract Administration • IGA Administration • Daily Operations • Covenant Enforcement • Architectural Review (Design Review) • Community Management Accounting and Financial Management • Homeowner O&M Fees & Collections • Districts and Authority Budget Management Facility Operations • Facilities accepted by the Operations Board, • Most common improvements operated: parks, landscaping, open space, irrigation systems, recreation centers. Capital Program (Districts) • Continued construction of public infrastructure and facilities. • Continued financing and/or developer reimbursements for public infrastructure and facilities.
2.18.2020 Community Meeting Presentation • To qualify as a Director of a special district Board, a person must be an “eligible elector” which is defined as a registered voter of Colorado and either: • A resident of the District, or • The owner (or spouse or civil union partner of the owner) of taxable real or personal property situated in the District May 5, 2020 • If you are an eligible elector and interested in serving on the Brighton Crossing Metropolitan District No. 4 Board as a Director a self-nomination form must be completed. Self-Nomination forms are available from January 1, 2020 to District February 28, 2020. The self-nomination form must be filed with the designated election official no later than 5 p.m. on February 28, 2020. Board • At the May 5, 2020 election, 2 directors will be elected to serve 3-year terms and 1 director will be elected to serve a 2-year term for the Brighton Crossing Metropolitan District No. 4. Elections • If the District does not receive more candidates than offices to be filled at the election, the designated election official shall cancel the election and declare the candidates elected.
2.18.2020 Community Meeting Presentation Goal of Short-Term and Long-Term Financial Health (be able to pay the bills) Key Revenues include service fees from District No.s 4-8 • Property Taxes • Specific Ownership Taxes • Development Fees Other Key Revenues are end-user fees Finances • Operations Fee • Trash Fee • Alley Fee • Courtyard Fee Mill levies certified in December 2019 are at the maximum allowed by the Districts’ service plans Budget Process • Five-year proforma prepared based on estimated revenues and expenses • Draft budget presented to Board September 10, 2019 • Budget work session held on October 23, 2019 • Budget presented at community meeting on November 27, 2019 • Budget adopted at Board meeting on December 4, 2019
2.18.2020 Community Meeting Presentation
2.18.2020 Community Meeting Presentation Brighton Crossings Operations - During Budget Planning Revenue and Expenditures 2020 -- 2026 $3,000,000 $2,500,000 $2,000,000 $1,500,000 $1,000,000 $500,000 $- 2020 2021 2022 2023 2024 2025 2026 Other Transfer Fees Operations Fees Property Taxes Development Fees Expenditures
2.18.2020 Community Meeting Presentation Operation and Maintenance Fee History Brighton Crossings O&M Fee Rate History $160 $135 $135 $135 $140 $123 $120 $120 $120 $120 $120 $120 $100 $80 $54 $54 $60 $45 $45 $45 $45 $40 $20 $- $- 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
2.18.2020 Community Meeting Presentation Brighton Crossings Operations Operations Fee and Operations Expense $1,800,000 $1,600,000 $1,400,000 $1,200,000 $1,000,000 $800,000 $600,000 $400,000 $200,000 $- 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 General Operations Fees Operations & Maintenance Expenditures
Brighton Crossings Operations 2.18.2020 Community Meeting Presentation Adopted Fee Increase -- Reduced Expenses 2020 -- 2026 $3,500,000 $3,000,000 $2,500,000 $2,000,000 $1,500,000 $1,000,000 $500,000 $- 2020 2021 2022 2023 2024 2025 2026 Other Transfer Fees Operations Fees Property Taxes Development Fees Expenditures
2.18.2020 Community Meeting Presentation District Total Mill Taxes & Community Levy Fees Comparison Reunion 88.305 $7,796 of Community St. Vrain Lakes 72.363 $6,002 Taxes and Fees – 2020 Brighton East Farms 73.074 $5,614 Brighton Crossings 66.797 $5,608 The Lakes at Centerra 75.785 $5,521 Todd Creek 30.000 $4,071
2.18.2020 Community Meeting Presentation 2020 Venture Center Access Card Renewal The liability waiver paperwork that is required to use District recreation facilities must be resubmitted by all residents annually. The deadline to complete the paperwork and return it to the YMCA staff at The Cove is 03/31/20. All access cards will be shut off beginning 04/01/20 if the liability waiver has not been received by the District. Please complete the form on the website or stop into the Cove to complete a paper copy. Find more information and the forms at https://www.brightoncrossings- connect.com/amenities/access-cards-liability-waiver/. If you are a new resident, after completing the form please stop into The Venture Center to pick up your access cards.
2.18.2020 Community Meeting Presentation • Submit applications online at https://www.brightoncrossings- connect.com/community-documents/design-review/ Design Review Process
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