About
For District Overview (per Sec. 32-1-104.5(3)(a)(X), C.R.S.)
Pan-Ark Estates Metropolitan District is a local government that provides certain public services for the Pan Ark community.
Public Improvements and Services
The District is authorized by the Special District Act and its Service Plan to provide various public improvements and services, including roads and fire mitigation.
Maximum Debt Authorization
The District has no debt, nor is any debt currently anticipated to be incurred by the District. The District Board may issue enterprise revenue bonds and/or seek voter approval to issue general obligation debt under TABOR in the future.
Authorized Sources for Debt Repayment
The District shall not pledge any revenue or property of the County as security for the indebtedness set forth in this Service Plan. Approval of this Service Plan shall not be construed as a guarantee by the County of payment of any of the District’s obligations, nor shall anything in the Service Plan be construed so as to create any responsibility or liability on the part of the County in the event of default by the District in the payment of any such obligation.
Maximum Mill Levy for Debt Repayment
The District’s Service Plan imposes a Mill Levy Cap of 12.370 mills for operations and 0.000 mills for debt.
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 Manager for further information:
Centennial Consulting Group
2619 Canton Court, STE A
Fort Collins, Co 80525
Phone: 970-484-0101
Email: info@ccgcolorado.com