Country Club Highlands Metropolitan District

2024 ANNUAL REPORT
COUNTRY CLUB HIGHLANDS METROPOLITAN DISTRICT

As required by Section 32-1-207(3)(c), C.R.S., and Section XVII of the Amended and Restated Service Plan for Country Club Highlands Metropolitan District (the “District”), approved by the City of Westminster, Colorado (the “City”) on January 31, 2006, the following report of the District’s activities from January 1, 2024 to December 31, 2024 is hereby submitted.

A.                Boundary changes made: No boundary changes were made or proposed during 2024.

B.                 Intergovernmental Agreements entered into or terminated: No intergovernmental agreements were entered into or terminated in 2024.

C.                 Access information to obtain a copy of rules and regulations adopted: The District has not adopted any rules and regulations as of December 31, 2024.  In the event the District adopts rules and regulations in the future, such documents may be accessed at the offices of McGeady Becher Cortese Williams P.C., 450 E. 17th Avenue, Suite 400, Denver, CO 80203, 303-592-4380, or on the District’s website: https://countryclubhighlandsmetropolitandistrict.specialdistrict.net/

D.                Summary of litigation involving the District’s public improvements: To our knowledge, there is no litigation involving the District’s public improvements.

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

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

G.                Final assessed valuation of the District for the reporting year: $7,722,700.

H.                Current year’s budget: 

I.                    Audited financial statements for the reporting year (or application for exemption from audit): The District is 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 District 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: In 2024, the District was unable to make scheduled payments on its $2,055,000 General Obligation Limited Tax Bonds, Series 2007 (the “Bonds”). Failure to pay the principal of or interest on the Bonds does not, of itself, constitute an event of default. Otherwise, to our knowledge, the District has been able to pay its obligations as they come due.

L.                 Summary of major actions taken during 2024 to implement the Financing Plan and the preliminary engineering plan set forth in the Amended and Restated Service Plan, together with projections for the current and ensuing fiscal years:

·         In 2024, there were 0 building permits pulled and 0 certificates of occupancy issue.

M.               Projections for 2025: There are no current projections for 2025. All property within the District has been developed. Per the developer, all homes have been built and sold since 2017.

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

2025 Mill Levies - 30.891 mills

2024 Mill Levies - 30.891 mills

The 2025 Transparency Notices for the Districts can be accessed on the Special District Association:

https://www.sdaco.org/lc/sda-transparency/notice/id/1648