Fossil Ridge Metropolitan District Nos. 1-3 Frequently Asked Questions
TABLE OF CONTENTS
I. History of Solterra 2
II. Metropolitan District General Information 2
III. Information on FRMD 4
IV. Financial Information of the Districts 6
II. Metropolitan District General Information 2
- What is the difference between the Fossil Ridge Metropolitan Districts (“FRMD”) and the Solterra HOA? 2
- How is Solterra Organized? 2
- What is a Special District? 2
- What is a Service Plan? 3
- What is Mount Carbon Metropolitan District? 3
III. Information on FRMD 4
- What is FRMD? 4
- What is FRMD authorized to do? 4
- Who are the current board of directors of the Districts and their terms? 4
- How do I get on the board? 5
- When do the Boards meet? 5
- What are Intergovernmental Agreements? 5
- How can I request documents that are not readily available concerning FRMD? 5
IV. Financial Information of the Districts 6
- What do the FRMD Quarterly Fees Pay For? 6
- What is the current mill levy imposed by FRMD 6
- How are the funds raised by the FRMD mill levy used? 6
- What is the maximum FRMD mill levy? 6
- Mill levy rate increases 6
- What is the maximum debt permitted to be issued by FRMD? 7
- What is the FRMD “TABOR Authorization”? 7
- What is General Obligation Debt Vs. Revenue Debt? 8