District Overview

District Overview (per Sec. 32-1-104.5(3)(a)(X), C.R.S.)

Indiana Valley Metropolitan District (“District”) is a local government that provides certain public improvements and services for the property in and around the Indiana Valley Metropolitan District in Lakewood, Colorado.

Public Improvements and Services

The District is authorized by its Service Plan to provide for the planning, design, acquisition, construction, installation, relocation, redevelopment, financing and operation of various public improvements as authorized by the Special District Act, subject to specific limitations set forth in the Service Plan.

Maximum Debt Authorization

The District is authorized by its Service Plan to issue a maximum of $53,000,000 in debt at any one time, exclusion of refunding and costs of issuance. 

Authorized Sources for Debt Repayment

The District is authorized to repay its general obligation debt from any and all legally available revenues of the District, including revenues from general ad valorem taxes, public improvement fees, and other fees.

Maximum Mill Levy for Debt Repayment

The District’s Service Plan states that for any portion of aggregate debt which exceeds 50% of the assessed valuation, the maximum debt mill levy for such portion of the debt shall be 99 mills, less the number of mills necessary to pay unlimited mill levy debt, subject to adjustment as described in the Service Plan. 

Board Member Qualifications

The District holds regular elections for board members on the first Tuesday after the first Monday in May of each odd-numbered year. A person is qualified to be a candidate if they are a registered to vote under the Colorado Uniform Election Code of 1992 and are either (1) a resident of the District, or (2) the owner (or spouse or civil union partner of an owner) of taxable real or personal property within the District.  People interested in a position on the District’s Board of Directors may contact the District’s legal counsel for further information:

Seter, Vander Wall & Mielke, P.C.
7400 E. Orchard Road, Suite 3300
Greenwood Village, CO 80111
Phone: (303) 770-2700
Email: svw@svwpc.com