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Located in Wolcott Colorado, Red Sky Ranch Metropolitan District and Holland Creek Metropolitan District are quasi-governmental agencies which work jointly to provide water services, wastewater services, roadways, storm sewer and mosquito control in the Red Sky Ranch area.
Red Sky Ranch Metropolitan District (RSRMD) is the “finance district” in a dual district structure. RSRMD has entered into a District Facilities Construction and Service Agreement and the First Amendment to District Facilities and Service Agreement with Holland Creek Metropolitan District and pursuant to the agreements, RSRMD is obligated to pay for the operation, construction and initial financing for the primary infrastructure for the Red Sky Ranch area.
Special Districts are local governments (quasi-municipal corporations and political subdivisions of the State of Colorado) established to provide certain necessary public infrastructure, facilities and services to a community. These improvements and services include water, sewer, streets, drainage systems, landscaping, traffic related safety enhancements, park and recreation facilities and services, fire protection, mosquito control, and transportation improvements. There are currently 1,800 Special Districts in Colorado providing these types of facilities and services to communities throughout the State.
The use of a Special District to provide these public improvements and facilities allows financing on a tax-exempt basis, at lower interest rates and on more favorable terms than would be otherwise available through private sector alternatives, resulting in a savings to property owners on the cost of infrastructure necessary for a community. Special Districts as local governments are not only able to reduce costs by purchasing essential goods and services tax-free, and participating in intergovernmental agreements with other local governments.
Special Districts protect property values by assuring property owners that infrastructure is properly phased, and roads, water and sewer lines, and other essential facilities and services, to the extent owned and maintained by the Special District, will continue to be maintained.
As governmental entities providing essential, fundamental services, the Colorado Legislature has promoted the use of Special Districts through a governing set of statutes. Special Districts are governed by a board of directors that must meet and act in public session with public notice, and Special Districts must comply with, among other requirements, the Colorado Open Records Act, the Local Government Budget Law, and the Local Government Audit Law. Special Districts are also accountable to the approving jurisdiction through annual reporting requirements and service plan limitations. For more information, please refer to the Colorado Department of Local Government.
If the information you are looking for is not available on the website or to provide a comment please feel free to contact Abby Audino via email at abby@mwcpaa.com .