District Organization
Mar 14th, 2008 by admin
One of the special services that our firm provides to real estate developers, citizen groups, business leaders, and governmental entities is assistance in the organization of a variety of special districts that will shoulder the burden of financing, and subsequently constructing and maintaining, necessary infrastructure for property being developed or underserved. The infrastructure may include water service, sewer service, fire protection, roads, curbs, gutters, storm drains, sidewalks, parking facilities, public restrooms, governmental buildings, park and recreational facilities, boundary walls, and other public facilities and improvements. We have been involved in developments ranging from a few acres to those in excess of 25,000 acres. We have organized literally hundreds of special improvement districts of every major type allowed under Colorado law. The organization of these districts provides a valuable and cost-effective method of financing the construction of improvements that are essential to a complete and integrated development.
We are very familiar and experienced in all of the statutory requirements for district formation, beginning with the preparation and submission of service plans, negotiation with local government staff and officials, obtaining approval at public hearings, obtaining court approval, and assisting with all aspects of the initial election, including questions for the voters in a proposed district to decide whether to organize the district, who the first directors will be, the amount of bonds that may be sold, the allowable property tax rate, and the allowable spending limit.
In unincorporated areas of the State, special districts are an essential tool for developers to assure that, after the development is complete, there will be a stable and well financed entity that will carry on the operation and maintenance of the infrastructure that was put in place to serve the community. Usually, we continue to represent the district after the development is complete to help it function as originally intended.
In developed or new commercial areas, business improvement districts can help finance and operate public improvements and services benefiting the entire business community. In addition to organizing BIDs, we also advise them after organization on matters from rebuilding Main Street, to joint marketing, to holiday decorations, to park improvements, and more. For more information about organizing a special district please contact either Matthew R. Dalton or Norman F. Kron.
Tags: Attorneys, business, business improvement districts, Colorado, Contact, District Organization, finance, GrimshawHarring, NDA, Real Estate, special districts