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What is a Metropolitan District?
Metropolitan Districts are governmental entities and political subdivisions of the State of Colorado, designed to serve as perpetual quasi-municipal corporations, each operating with an elected five-person Board of Directors. The primary purpose of the Districts is to finance public infrastructure required by the development and to provide an ongoing governmental structure for the operation and maintenance of district improvements and facilities.
House Bill 23-1105 created the HOA and Metropolitan District Homeowners’ Rights Task Forces to examine certain matters in communities that are governed by these entities. The Metropolitan District Homeowners’ Rights Task Force will review, among other matters, tax levying authority and practices, foreclosure practices, communications with homeowners and governance policies. A requirement of the new law is that we notify you of the creation and existence of the Metropolitan District Homeowners’ Rights Task Force prior to its first meeting. If you have any questions about the Metropolitan District Homeowners’ Rights Task Force, please reach out to the Colorado Department of Regulatory Agencies or visit their website at https://dora.colorado.gov