1. Jefferson County Planning Commissioners Hearing June 26, 2013 Case No. 13-107268SV Foothills Metropolitan District Service Plan Case Manager: Russell D. Clark

2. Planning and Zoning Division Jefferson County Potential Services Outlined in Service Plan: – Water Transmission and Distribution – Sanitation Collection and Transmission – Street Improvements – Safety Protection Improvements – Parks & Recreation – Mosquito Control – Covenant Enforcement Development Summary: – Number of Residential Units: 83 Single-Family Homes – Estimated Population:207 People – Service Area: ~19 acres – Build Out Time: 2 years Foothills Metropolitan District:

3. Planning and Zoning Division Jefferson County

4. Planning and Zoning Division Jefferson County Mill Levy Summary: – Max Mill Levy – Debt Service: 50 (40 per Finance Plan) – Max Mill Levy – Operations: 42 – Max Total Mill Levy for District: 92 (82 per Finance Plan) – Total Mills for Property:190.085 (185.085 per FP) Projected Property Taxes: – Average Home Value:$386,000 – Total Annual Taxes & Fees: $6,630 (using 185.085 mills) Foothills Metropolitan District:

5. Planning and Zoning Division Jefferson County Financial Plan Indebtedness Summary: – Total Cost of Facilities:$1,745,000 – Max Bonded Indebtedness:$4,000,000 – Bonded Indebtedness per Finance Plan:$1,995,000 Financial Plan Interest Summary: – Max Interest Paid on Bonds18% – Interest Paid on Bonds per Finance Plan: 6.5% Projected Indebtedness Summary: – Average Indebtedness per Home:$24,036 Foothills Metropolitan District:

6. Planning and Zoning Division Jefferson County Name Change: – Foothills Park & Recreation District requested that the proposed Special District change its name to avoid confusion. They have agreed to this request. New Name: Reserve at the Meadows Metropolitan District Foothills Metropolitan District:

7. Planning and Zoning Division Jefferson County Foothills Metropolitan District: Statutory Criteria Analysis of Service Plan. Denial of a service plan is required if the applicant does not satisfactorily establish: Meets Criteria 1There is sufficient existing and projected need for organized service in the area to be serviced by the proposed special district No 2The existing service in the area to be served by the proposed special district is inadequate for present and projected needs. Yes 3The proposed special district is capable of providing economical and sufficient service to the area within its proposed boundaries. ? 4The area to be included in the proposed special district has, or will have, the financial ability to discharge the proposed indebtedness on a reasonable basis. ?

8. Planning and Zoning Division Jefferson County Foothills Metropolitan District: Statutory Criteria Analysis of Service Plan. Denial of a service plan may occur if the applicant does not satisfactorily establish: Meets Criteria 1Adequate service is not, or will not be, available to the area through the county, other existing municipal or quasi-municipal corporations, including existing special districts, within a reasonable time and on a comparable basis ? 2The facility and service standards of the proposed special district are compatible with the facility and service standards of each county within which the proposed special district is to be located. Yes 3The proposal is in substantial compliance with the master plan. Yes 4The proposal is in compliance with any duly adopted county, regional, or state long-range water quality management plan for the area. Yes 5The creation of the proposed special district will be in the best interests of the area proposed to be served. No

9. Planning and Zoning Division Jefferson County Foothills Metropolitan District: Policies & Procedures Manual Criteria Analysis of Service Plan. Meets Criteria 1For residential developments, the use of special districts solely as a financing mechanism for the construction of improvements listed in the Land Development Regulation is discouraged. No 2Special Districts are encouraged to provide information to developers or builders within the district to enable the developers or builders to describe, in marketing materials aimed at prospective homeowners, the amount of mill levy imposed by their particular district and how this translates into an annual cost/tax to homeowners.. Yes

10. Planning and Zoning Division Jefferson County Staff Recommendation: Service Plan – Staff recommends that the Planning Commission DENY the Foothills Metropolitan District Service Plan. However, if the PC wishes to approve the Service Plan, staff recommends the following conditions. That overlap agreements or exclusions be obtained from all overlapping special districts. If this is not possible, then the overlapping services should be removed from the Service Plan. That the mosquito control report be incorporated into the Service Plan, and modified as noted in the comments from Jefferson County Public Health. That the service plan be revised so that the District is not being used as the primary funding mechanism for the ordinary improvements required by the Land Development Regulation.