About
What is a Metropolitan District?
Metropolitan districts are an established unit of government with local and state regulatory oversight. Metropolitan districts are the financing tool that allows public infrastructure and amenities like roads, sewer, trails, and parks to be built in new communities. They are formed by submitting a detailed service plan to the local city or town council, board of trustees, or county commissions for review and approval during a public hearing. These local authorities have oversight and controls over limits on taxation, fees, and services.
Service Plan Information
- The Public Improvements and Services provided
- Finance a portion of the costs of the redevelopment of the interchange at Interstate Highway 25 and Prospect Road, currently owned by the State of Colorado and operated and maintained by the Colorado Department of Transportation, including:
- Reconstruction of ramps and bridges.
- Expansion of Prospect Road to four lanes with medians, turn lanes, and pedestrian/bike facilities.
- Provide operation and maintenance of public improvements
- All powers authorized in Section 32-1-1004, C.R.S., including but not limited to street improvements, parks and recreation, water, sanitation/storm sewer, transportation, mosquito control, safety protection, fire protection, television relay and translation, and security, subject to limitations in the District’s service plan.
- Finance a portion of the costs of the redevelopment of the interchange at Interstate Highway 25 and Prospect Road, currently owned by the State of Colorado and operated and maintained by the Colorado Department of Transportation, including:
- Amount of Debt the District can incur*
- $10,000,000
- Revenue to repay debt*
- Ad valorem property taxes (mill levy on taxable property within the District).
- Specific ownership taxes (automatically distributed to the District).
- Other legally available revenues as permitted by law and the Capital Pledge Agreement between I-25/Prospect Interchange Metropolitan District and the City of Fort Collins, dated July 19, 2018
- Maximum mill levy to repay debt*
- The Maximum Debt Service Mill Levy is 10 mills, subject to Gallagher Adjustment after January 1, 2018.
- How a resident can serve on the Board of Directors
- The next director election will be held in May 2027. Residents may submit a Self-Nomination and Acceptance Form once a Call for Nominations has been made and notice of the election has been provided.
- Overlaping Entities
- Poudre R-1 School District
- Larimer County
- Ft Collins
- I-25 / Prospect Interchange Metro Dist
- Poudre River Public Library Dist
- Health Dist of No Larimer Cty
- N Colo Water Cons Dist
- Larimer Co Pest Ctrl Dst
- Boxelder Sanitation Dist
- Gateway at Prospect Metro Dist #1
- Gateway at Prospect Metro Dist #2
- SW Prospect I25 Metro Dist Nos #1-7
- East Larimer Water Dist