Brighton Crossings Operations Board
Brighton Crossings Metropolitan District No. 4 and Brighton Crossings Metropolitan Districts No. 5-8 form the Brighton Crossings Operations Board.
The Brighton Crossings Metropolitan District No. 4 and Brighton Crossings Metropolitan Districts Nos. 5-8 (“Districts”) are governmental entities and political subdivisions of the State of Colorado, designed to operate as quasi-municipal corporation run by an elected five-person Board of Directors. The primary purpose of the District is to finance infrastructure and parks to the Brighton Crossings Service Area and to provide an on-going governmental institutional structure for the operation and maintenance of signage, park, recreation and landscaping facilities.
The primary benefits of utilizing a Colorado Special District rather than a homeowner association are:
- Minimization of overhead costs, due to a single District/HOA management entity;
- Limited liability through the Colorado Governmental Immunity Act; and
- The ability to use, among other sources of revenue, the power of taxation to collect the cost of service and development enhancements on an equitable basis, through income tax deductible means
The Service Plan for the District was approved by Adams County in 1984. The District has certified an annual mill levy of 66.797 mills. The District retains the authority to implement fees to support District on-going operations and maintenance activities. The current fees and more information regarding imposed fees can be found here.
The Service Plans for the Districts provides the Districts with the ability to finance the construction, acquisition, installation and provide services to the public improvements needed within Brighton Crossing Metropolitan Districts No. 4, and Brighton Crossings Metropolitan Districts Nos. 5-8. It also authorizes the Districts to provide for ongoing operations and maintenance of the signage and monumentation, park and recreation facilities, irrigation water systems and landscaping services. The Districs has also been granted powers of covenant enforcement and design review. The District No. 4 Board of Directors and District No. 5-8 Board of Directors have chosen to enter into the Brighton Crossings Authority Establishment agreement (known as the Brighton Crossings Operations Board) which assigned certain public improvement ownership and operations, covenant enforcement, design review, and any homeowners’ association functions permissible under Colorado law.
PROPERTY TAX: HOW TO CALCULATE THE ASSESSMENT
The District’s mill levy is included in the annual Adams County Property Tax Bill to each homeowner. Each property is assessed based on the following formula:
- Actual Property Value multiplied by 7.15% (assessment rate) = Assessed Value
- Property tax: Assessed value / divide by 1,000 (mill levy applies to every $1,000 in value) x 66.797 mills = annual property tax for District portion only.
The assessment rate may change every other year and is set by the state legislature in accordance with certain constitutional requirements.
- 55.664 Mills go to the Debt Service payments, each District pays for the public infrastructure cost of construction within their District. Public improvements are then dedicated to the City to maintain, or the Operations Board to maintain and operate.
- 11.133 Mills go to the General Operations of the Districts and Operations Board.