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Fossil Ridge Metropolitan District Nos. 1-3 Frequently Asked Questions
TABLE OF CONTENTS
I. History of Rooney Valley and Development 1
II. Who is Brookfield Residential? 1
III. Metropolitan District General Information 1
How is Solterra organized? 1
What is the difference between FRMD and the Solterra HOA? 2
What is a Special District? 2
What is a Service Plan? 3
What is Mount Carbon Metropolitan District and why am I being assessed 20 mills by them? 3
Department of Local Government-Mount Carbon Finance 3
IV. 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 what are their terms 4
How do I get on the board? 5
When do the Boards meet? 6
What Intergovernmental Agreements has FRMD entered into? 6
What do the FRMD Quarterly Fees pay for? 6
Who are the FRMD sewer and water providers? 6
How can I request documents that are not readily available concerning FRMD? 7
V. Financial Information of the Districts 1
What is the current mill levy imposed by FRMD, how does it compare to other Metro Districts, and how has it changed over the years? 1
How are the funds raised by the FRMD mill levy used? 2
What is the maximum FRMD mill levy? 2
How was the level of maximum Mill Levy decided? 3
If it is determined that the Mill Levy for FRMD needs to be increased above the current 40 Mills, how does that happen? 3
How do I calculate my taxes? 3
Why did my tax bill go up exponentially a year or two after I purchased my home? 3
What is a Gallagher Adjustment? 4
What is the maximum debt permitted to be issued by FRMD? 4
What is the FRMD “TABOR Authorization?"
5
What is General Obligation Debt?
5
What is Revenue Debt?
5
When are Bonds Issued?
5
What is the current outstanding debt of FRMD?
6
Why was the first bond issued out of District No. 1 and the subsequent two from District No. 3?
7
What are FRMD’s responsible costs?
7
What specific infrastructure was reimbursed with each bond?
7
HOA FAQ
Home
The District
District Responsibilities - Overview
Board of Directors Meetings / Information >
>
Board Members
Board Meetings
District Committees >
>
Committee Members
Finance Committee
Landscaping Committee
Retreat/Pool Committee
Social Committee
Documents >
>
District Documents
Governing Documents >
>
Development Agreements
District Governing Documents
Intergovernmental Agreements
Elections
Financial Information >
>
District Audit Information
District Budget Information
Mill Levy Information
Schedule of Fees
Financial FAQ
Maps
Public Improvements
Reserve Study
Retreat and Pool >
>
Retreat
Pool
Sewer Information
Snow Removal
Solterra Townhomes
FAQ
HOA
HOA Responsibilities - Overview
Architectural Control
Board of Directors Meetings / Information >
>
Board Members
Board Meetings
Budgets
Governing Documents
Trash and Recycling
Solterra Patio HOA >
>
Solterra Patio HOA Governing Documents
HOA FAQ
Resources
Calendar
Community Directory
Emergency Guide
Events >
>
Book Club
Empty Nesters
Fitness Class
Golf - Men's/Women's
Hiking Group
Social Committee
Sole-Terra Runners and Walkers
Women's Walking Group
Explanation of Billing
Homeowner Information and Tips
Homeowner Suggestions
Newsletters
Pay Online
Contact Us
Privacy Policy