District Responsibilities - Overview
Your exclusive membership is automatic with the purchase of your Solterra home. Membership dues provide the necessary resources to maintain Solterra's exclusive facilities for the enjoyment of all Solterra residents.
Fossil Ridge Metropolitan District (Fossil Ridge) was created in 2007 to finance certain public infrastructure improvements, which result in a tax liability for each property owner in Solterra. Since Solterra is a large project, a substantial amount of public infrastructure and services are necessary to support the development. As a governmental entity, the District has the power to impose property taxes and other fees and charges, but is also governed by a board of directors.
The District is responsible for constructing major public utilities and roads within the Solterra boundaries. It is also responsible for operations and maintenance of all common area landscaping and parks, the clubhouse, and pool.
There are two budgets that Fossil Ridge controls: the capital budget and the operation budget. The capital budget is for the design and construction of the major roadways, parks and open spaces, trails, major storm sewer, major sanitary sewer and major water lines. Future roads include expanding of Alameda, Wesley, McIntyre and north half of Yale. The side roads and smaller utility main lines that service individual neighborhoods are not funded by the capital budget and are usually paid for by the developers and builders as a costs of conducting business. The operation budget is for maintaining items with the Metro District that are not turned over to the City of Lakewood and all associated costs. These items are maintained in perpetuity by the Metro District. The major asset here is the landscaping throughout the community, as well as the Retreat and pool. Having control over these items helps keep the property at a higher value than areas that do not have similar districts by keeping everything aesthetically pleasing.
Fossil Ridge Metropolitan District (Fossil Ridge) was created in 2007 to finance certain public infrastructure improvements, which result in a tax liability for each property owner in Solterra. Since Solterra is a large project, a substantial amount of public infrastructure and services are necessary to support the development. As a governmental entity, the District has the power to impose property taxes and other fees and charges, but is also governed by a board of directors.
The District is responsible for constructing major public utilities and roads within the Solterra boundaries. It is also responsible for operations and maintenance of all common area landscaping and parks, the clubhouse, and pool.
There are two budgets that Fossil Ridge controls: the capital budget and the operation budget. The capital budget is for the design and construction of the major roadways, parks and open spaces, trails, major storm sewer, major sanitary sewer and major water lines. Future roads include expanding of Alameda, Wesley, McIntyre and north half of Yale. The side roads and smaller utility main lines that service individual neighborhoods are not funded by the capital budget and are usually paid for by the developers and builders as a costs of conducting business. The operation budget is for maintaining items with the Metro District that are not turned over to the City of Lakewood and all associated costs. These items are maintained in perpetuity by the Metro District. The major asset here is the landscaping throughout the community, as well as the Retreat and pool. Having control over these items helps keep the property at a higher value than areas that do not have similar districts by keeping everything aesthetically pleasing.