WATER IMPROVEMENTS SHALL TRIVIEW METROPOLITAN DISTRICT DEBT BE INCREASED UP TO $19,900,000, WITH A REPAYMENT COST OF UP TO $56,415,150; AND SHALL TRIVIEW METROPOLITAN DISTRICT TAXES BE INCREASED UP TO $2,475,168 ANNUALLY (WHICH AMOUNT IS THE MAXIMUM ANNUAL REPAYMENT COST), WITH THE INTENT AND PURPOSE THAT SUCH TAXES ARE INTENDED TO BE USED AS A GUARANTY FOR PAYMENT OF THE BONDS IN THE EVENT THAT THE BOARD DETERMINES OTHER REVENUES OF THE DISTRICT ARE NOT SUFFICIENT TO PAY THE DEBT SERVICE ON THE BONDS, SUBJECT TO THE FOLLOWING LIMITATIONS:

• SUCH DEBT AND TAXES, IF ANY, SHALL BE USED FOR THE PURPOSE OF PROVIDING WATER IMPROVEMENTS OF THE DISTRICT, SUCH IMPROVEMENTS MAY INCLUDE BUT ARE NOT LIMITED TO PAYMENT FOR DISTRICT'S CURRENT CONTRACTED WATER SUPPLY, THE DENVER BASIN AQUIFER; COMPLETION OF THE DISTRICT'S WATER TREATMENT PLANTS, WELLS AND LINES; COMPLETION OF WATER RE-USE PROGRAM FOR IRRIGATION WATER TO ASSIST IN CONSERVING EITHER DENVER BASIN AQUIFER OR RENEWABLE WATER SOURCES; PURCHASE OF RENEWABLE WATER SOURCE TO CONSERVE DENVER BASIN AQUIFER WATER;


• IN ORDER TO ACHIEVE THE LOWEST POSSIBLE INTEREST RATES FOR THE DISTRICT, SUCH DEBT SHALL BE A GENERAL OBLIGATION OF THE DISTRICT, MAY BE EVIDENCED BY BONDS, NOTES, CONTRACTS OR LOAN AGREEMENTS AND SHALL BE PAYABLE FIRST FROM OTHER AVAILABLE DISTRICT REVENUES, AND, IF NEEDED, FROM A MILL LEVY THAT MAY BE INCREASED IN ANY YEAR WITHOUT LIMITATION AS TO RATE BUT ONLY IN AN AMOUNT SUFFICIENT TO PAY THE PRINCIPAL OF AND PREMIUM, IF ANY, AND INTEREST WHEN DUE ON SUCH DEBT, OR ANY DEBT ISSUED TO REFINANCE SUCH DEBT;


• SUCH DEBT SHALL HAVE SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM OF NOT TO EXCEED 3%;


• THE DISTRICT SHALL BE AUTHORIZED TO ISSUE DEBT TO REFUND THE DEBT AUTHORIZED IN THIS QUESTION, PROVIDED THAT AFTER THE ISSUANCE OF SUCH REFUNDING DEBT THE TOTAL OUTSTANDING PRINCIPAL AMOUNT OF ALL DEBT ISSUED PURSUANT TO THIS QUESTION DOES NOT EXCEED THE MAXIMUM PRINCIPAL AMOUNT SET FORTH ABOVE, AND PROVIDED FURTHER THAT ALL DEBT ISSUED BY THE DISTRICT PURSUANT TO THIS QUESTION IS ISSUED ON TERMS THAT DO NOT EXCEED THE AUTHORIZED REPAYMENT COSTS;



AND SHALL THE PROCEEDS OF SUCH DEBT AND TAXES, ANY INVESTMENT INCOME THEREFROM, AND ALL OTHER DISTRICT REVENUE BE COLLECTED AND SPENT WITHOUT LIMITATION OR CONDITION, AS A VOTER-APPROVED REVENUE CHANGE UNDER ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW?

WASTEWATER IMPROVEMENTS SHALL TRIVIEW METROPOLITAN DISTRICT DEBT BE INCREASED $9,090,000, WITH A REPAYMENT COST OF UP TO $25,769,125; AND SHALL TRIVIEW METROPOLITAN DISTRICT TAXES BE INCREASED UP TO $1,139,060 ANNUALLY (WHICH AMOUNT IS THE MAXIMUM ANNUAL REPAYMENT COST), WITH THE INTENT AND PURPOSE THAT SUCH TAXES ARE INTENDED TO BE USED AS A GUARANTY FOR PAYMENT OF THE BONDS IN THE EVENT THAT THE BOARD DETERMINES OTHER REVENUES OF THE DISTRICT ARE NOT SUFFICIENT TO PAY THE DEBT SERVICE ON THE BONDS, SUBJECT TO THE FOLLOWING LIMITATIONS:

• SUCH DEBT AND TAXES, IF ANY, SHALL BE USED FOR THE PURPOSE OF PROVIDING WASTEWATER IMPROVEMENTS OF THE DISTRICT, SUCH IMPROVEMENTS MAY INCLUDE BUT ARE NOT LIMITED TO THE PLANNED PHASE III EXPANSION OF THE WASTEWATER TREATMENT PLANT AND CONSTRUCTION OF NEW SEWER LINES AND RELATED EQUIPMENT AND STORM WATER MANAGEMENT AND CONTROL TO MEET FEDERAL, STATE AND LOCAL REQUIREMENTS;


• IN ORDER TO ACHIEVE THE LOWEST POSSIBLE INTEREST RATES FOR THE DISTRICT, SUCH DEBT SHALL BE A GENERAL OBLIGATION OF THE DISTRICT, MAY BE EVIDENCED BY BONDS, NOTES, CONTRACTS OR LOAN AGREEMENTS AND SHALL BE PAYABLE FIRST FROM OTHER AVAILABLE DISTRICT REVENUES, AND, IF NEEDED, FROM A MILL LEVY THAT MAY BE INCREASED IN ANY YEAR WITHOUT LIMITATION AS TO RATE BUT ONLY IN AN AMOUNT SUFFICIENT TO PAY THE PRINCIPAL OF AND PREMIUM, IF ANY, AND INTEREST WHEN DUE ON SUCH DEBT, OR ANY DEBT ISSUED TO REFINANCE SUCH DEBT;


• SUCH DEBT SHALL HAVE SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM OF NOT TO EXCEED 3%;


• THE DISTRICT SHALL BE AUTHORIZED TO ISSUE DEBT TO REFUND THE DEBT AUTHORIZED IN THIS QUESTION, PROVIDED THAT AFTER THE ISSUANCE OF SUCH REFUNDING DEBT THE TOTAL OUTSTANDING PRINCIPAL AMOUNT OF ALL DEBT ISSUED PURSUANT TO THIS QUESTION DOES NOT EXCEED THE MAXIMUM PRINCIPAL AMOUNT SET FORTH ABOVE, AND PROVIDED FURTHER THAT ALL DEBT ISSUED BY THE DISTRICT PURSUANT TO THIS QUESTION IS ISSUED ON TERMS THAT DO NOT EXCEED THE AUTHORIZED REPAYMENT COSTS;



AND SHALL THE PROCEEDS OF SUCH DEBT AND TAXES, ANY INVESTMENT INCOME THEREFROM, AND ALL OTHER DISTRICT REVENUE BE COLLECTED AND SPENT WITHOUT LIMITATION OR CONDITION, AS A VOTER-APPROVED REVENUE CHANGE UNDER ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW?

ROAD IMPROVEMENTS SHALL TRIVIEW METROPOLITAN DISTRICT DEBT BE INCREASED $8,410,000, WITH A REPAYMENT COST OF UP TO $23,837,925; AND SHALL TRIVIEW METROPOLITAN DISTRICT TAXES BE INCREASED UP TO $1,047,800 ANNUALLY (WHICH AMOUNT IS THE MAXIMUM ANNUAL REPAYMENT COST), WITH THE INTENT AND PURPOSE THAT SUCH TAXES ARE INTENDED TO BE USED AS A GUARANTY FOR PAYMENT OF THE BONDS IN THE EVENT THAT THE BOARD DETERMINES OTHER REVENUES OF THE DISTRICT ARE NOT SUFFICIENT TO PAY THE DEBT SERVICE ON THE BONDS, SUBJECT TO THE FOLLOWING LIMITATIONS:

• SUCH DEBT AND TAXES, IF ANY, SHALL BE USED FOR THE PURPOSE OF PROVIDING ROAD IMPROVEMENTS OF THE DISTRICT, SUCH IMPROVEMENTS MAY INCLUDE BUT ARE NOT LIMITED TO CONSTRUCTION OF ROADS AND STREETS TO COMPLETE DISTRICT TRANSPORTATION PLAN;


• IN ORDER TO ACHIEVE THE LOWEST POSSIBLE INTEREST RATES FOR THE DISTRICT, SUCH DEBT SHALL BE A GENERAL OBLIGATION OF THE DISTRICT, MAY BE EVIDENCED BY BONDS, NOTES, CONTRACTS OR LOAN AGREEMENTS AND SHALL BE PAYABLE FIRST FROM OTHER AVAILABLE DISTRICT REVENUES, AND, IF NEEDED, FROM A MILL LEVY THAT MAY BE INCREASED IN ANY YEAR WITHOUT LIMITATION AS TO RATE BUT ONLY IN AN AMOUNT SUFFICIENT TO PAY THE PRINCIPAL OF AND PREMIUM, IF ANY, AND INTEREST WHEN DUE ON SUCH DEBT, OR ANY DEBT ISSUED TO REFINANCE SUCH DEBT;


• SUCH DEBT SHALL HAVE SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM OF NOT TO EXCEED 3%;


• THE DISTRICT SHALL BE AUTHORIZED TO ISSUE DEBT TO REFUND THE DEBT AUTHORIZED IN THIS QUESTION, PROVIDED THAT AFTER THE ISSUANCE OF SUCH REFUNDING DEBT THE TOTAL OUTSTANDING PRINCIPAL AMOUNT OF ALL DEBT ISSUED PURSUANT TO THIS QUESTION DOES NOT EXCEED THE MAXIMUM PRINCIPAL AMOUNT SET FORTH ABOVE, AND PROVIDED FURTHER THAT ALL DEBT ISSUED BY THE DISTRICT PURSUANT TO THIS QUESTION IS ISSUED ON TERMS THAT DO NOT EXCEED THE AUTHORIZED REPAYMENT COSTS;



AND SHALL THE PROCEEDS OF SUCH DEBT AND TAXES, ANY INVESTMENT INCOME THEREFROM, AND ALL OTHER DISTRICT REVENUE BE COLLECTED AND SPENT WITHOUT LIMITATION OR CONDITION, AS A VOTER-APPROVED REVENUE CHANGE UNDER ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW?

PARKS AND RECREATION IMPROVEMENTS SHALL TRIVIEW METROPOLITAN DISTRICT DEBT BE INCREASED $3,600,000, WITH A REPAYMENT COST OF UP TO $10,203,225; AND SHALL TRIVIEW METROPOLITAN DISTRICT TAXES BE INCREASED UP TO $449,995 ANNUALLY (WHICH AMOUNT IS THE MAXIMUM ANNUAL REPAYMENT COST), WITH THE INTENT AND PURPOSE THAT SUCH TAXES ARE INTENDED TO BE USED AS A GUARANTY FOR PAYMENT OF THE BONDS IN THE EVENT THAT THE BOARD DETERMINES OTHER REVENUES OF THE DISTRICT ARE NOT SUFFICIENT TO PAY THE DEBT SERVICE ON THE BONDS, SUBJECT TO THE FOLLOWING LIMITATIONS:

• SUCH DEBT AND TAXES, IF ANY, SHALL BE USED FOR THE PURPOSE OF PROVIDING PARK AND RECREATION IMPROVEMENTS OF THE DISTRICT, SUCH IMPROVEMENTS MAY INCLUDE BUT ARE NOT LIMITED TO THE CONSTRUCTING, ACQUIRING AND EQUIPPING OF PLANNED DISTRICT PARKS;


• IN ORDER TO ACHIEVE THE LOWEST POSSIBLE INTEREST RATES FOR THE DISTRICT, SUCH DEBT SHALL BE A GENERAL OBLIGATION OF THE DISTRICT, MAY BE EVIDENCED BY BONDS, NOTES, CONTRACTS OR LOAN AGREEMENTS AND SHALL BE PAYABLE FIRST FROM OTHER AVAILABLE DISTRICT REVENUES, AND, IF NEEDED, FROM A MILL LEVY THAT MAY BE INCREASED IN ANY YEAR WITHOUT LIMITATION AS TO RATE BUT ONLY IN AN AMOUNT SUFFICIENT TO PAY THE PRINCIPAL OF AND PREMIUM, IF ANY, AND INTEREST WHEN DUE ON SUCH DEBT, OR ANY DEBT ISSUED TO REFINANCE SUCH DEBT;


• SUCH DEBT SHALL HAVE SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM OF NOT TO EXCEED 3%;


• THE DISTRICT SHALL BE AUTHORIZED TO ISSUE DEBT TO REFUND THE DEBT AUTHORIZED IN THIS QUESTION, PROVIDED THAT AFTER THE ISSUANCE OF SUCH REFUNDING DEBT THE TOTAL OUTSTANDING PRINCIPAL AMOUNT OF ALL DEBT ISSUED PURSUANT TO THIS QUESTION DOES NOT EXCEED THE MAXIMUM PRINCIPAL AMOUNT SET FORTH ABOVE, AND PROVIDED FURTHER THAT ALL DEBT ISSUED BY THE DISTRICT PURSUANT TO THIS QUESTION IS ISSUED ON TERMS THAT DO NOT EXCEED THE AUTHORIZED REPAYMENT COSTS;



AND SHALL THE PROCEEDS OF SUCH DEBT AND TAXES, ANY INVESTMENT INCOME THEREFROM, AND ALL OTHER DISTRICT REVENUE BE COLLECTED AND SPENT WITHOUT LIMITATION OR CONDITION, AS A VOTER-APPROVED REVENUE CHANGE UNDER ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW?

MonumentMatters.org Opinion
Each Ballot Issue seeks to increase debt and raise revenues to pay for the new debt by permanently suspending TABOR limits and eleminating the Mill Levy cap on property taxes. After reviewing the Ballot Issues in detail, MonumentMatters.org took the lead in organizing opposition to all four Ballot Issues, including the organizing of the Triview Residents Opposed To More Debt issue committee. MonumentMatters.org performed extensive research on the Ballot Issues, documented opposition reasons on its WEB Site, sent Press Releases to the media documenting the opposition, and helped organize and promote public meetings in opposition to the Ballot Issues. reasons.

COMMENCING JANUARY 1, 2007 THROUGH DECEMBER 31, 2017, SHALL TRIVIEW METROPOLITAN DISTRICT (WITHOUT INCREASING TAX RATES OR IMPOSING A NEW TAX) BE AUTHORIZED, FOR THE PRINCIPAL PURPOSE OF PAYING DOWN THE DISTRICT'S DEBT SOONER, TO COLLECT, RETAIN AND SPEND AS A VOTER APPROVED REVENUE CHANGE PURSUANT TO ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION AND REGARDLESS OF THE PROVISIONS OF ANY OTHER LAW, INCLUDING WITHOUT LIMITATION THE 5.5% PROPERTY TAX REVENUE LIMIT OF 29-1-301, C.R.S.

1. ALL REVENUES ACCOUNTED FOR IN THE DISTRICT'S GENERAL FUND SUCH AS PROPERTY TAXES, SPECIFIC OWNERSHIP TAXES, SALES TAXES, PROPERTY TAXES AND OTHER REVENUES RECEIVED FROM THE TOWN OF MONUMENT, IMPACT FEES, GRANT REVENUES, AND INVESTMENT INCOME, AND
   

2. IN ANY YEAR IN WHICH THE DISTRICT'S WATER AND SEWER UTILITY DOES NOT QUALIFY AS AN ENTERPRISE, REVENUES ACCOUNTED FOR IN THE ENTERPRISE FUND, SUCH AS WATER AND SEWER USER FEES, TAP FEES, INCLUSION FEES, WATER REUSE FEES, GRANTS, AND INVESTMENT INCOME?

MonumentMatters.org Opinion
After reviewing the Issue in detail, MonumentMatters.org did not taking a position for or against this Ballot Question. Unlike the May 2006 Ballot Question, we were pleased to see Triview include District Taxpayer opinions in the discussion and wording of the Ballot Question and feel it is well enough defined that the Voters within the District should make the informed decision at the polls.

SHALL TRIVIEW METROPOLITAN DISTRICT (WITHOUT INCREASING EXISTING TAX RATES OR IMPOSING A NEW TAX) BE AUTHORIZED TO COLLECT, RETAIN AND SPEND ALL REVENUES FROM WHATEVER SOURCE IT RECEIVES IN FISCAL YEAR 2006 AND IN EACH YEAR THEREAFTER AS A VOTER APPROVED REVENUE CHANGE AND EXCEPTION TO THE LIMITS WHICH WOULD OTHERWISE APPLY UNDER ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION?

MonumentMatters.org Opinion
The Ballot Issue was a De-TABOR measure which proposed to release any spending restrictions for any and all revenues collected from any and all sources. It was publicly opposed by several groups and individuals (including MonumentMatters.org and several HOAs). Upon deciding to oppose the issue, we researched and prepared opposition points which were then published as Flyers and Press Releases. The Press Releases were sent by E-Mail to all major local news sources while the Flyers were hand delivered to all homes in the affected Jackson Creek subdivisions. The information was also posted on the opposition WEB Site which we created ( www.VoteNoOnMay2nd.org ).