WITHOUT INCREASING THE CURRENT TAX RATE OF 35 MILLS, SHALL TRIVIEW METROPOLITAN DISTRICT COLLECT UP TO $3,200,000 IN PROPERTY TAX REVENUE IN 2019, AND SUCH AMOUNT AS GENERATED ANNUALLY THEREAFTER BY LEVYING UP TO THE EXISTING 35 MILLS, AND USE THE REVENUES FROM THE LEVY FOR THE PAYMENT OF DEBT AND FOR THE PAYMENT OF GENERAL OPERATIONS, MAINTENANCE AND/OR CAPITAL ACQUISITION PURPOSES OF THE DISTRICT, WHICH MAY INCLUDE:
• JACKSON CREEK PARKWAY EXPANSION;
• STREET OVERLAYS AND IMPROVEMENTS;
• REPLACING DAMAGED CURBS, GUTTERS AND SIDEWALKS;
•IMPROVING PARKS AND OPEN SPACE INCLUDING MAINTENANCE AND CONSTRUCTION OF TRAILS,
PARK FACILITIES SUCH AS GAZEBOS, PLAYGROUND EQUIPMENT AND IRRIGATION SYSTEMS;
•REPAIRING AND MAINTAINING DRAINAGE FACILITIES;
•ACQUIRING RENEWABLE WATER RIGHTS;
•ACQUIRING, PARTICIPATING IN, AND/OR CONSTRUCTING REGIONAL WATER PROJECTS; PROVIDED THAT NOTHING HEREIN AFFECTS THE ABILITY OF THE DISTRICT TO INCREASE THE MILL LEVY IF NECESSARY TO PAY DEBT SERVICE ON ITS DEBT; PROVIDED FURTHER THAT AFTER THE DISTRICT’S DEBT IS NO LONGER
OUTSTANDING, THE DISTRICT MAY CONTINUE TO IMPOSE 10 MILLS ANNUALLY FOR ONGOING OPERATIONS, MAINTENANCE AND/OR CAPITAL PURPOSES; AND SHALL THE PROCEEDS OF SUCH REVENUE AND INVESTMENT EARNINGS THEREON BE COLLECTED AND SPENT WITHOUT LIMITATION OR CONDITION, AND WITHOUT LIMITING THE COLLECTION OR SPENDING OF ANY OTHER DISTRICT REVENUES OR FUNDS UNDER ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION, THE ANNUAL 5.5% PROPERTY TAX REVENUE LIMITATION SET FORTH IN SECTION 29-1-301 OF COLORADO REVISED
STATUTES, OR ANY OTHER LAW?
