In response to Commissioner O’Dorisio’s Request for funding to understand MD#2 transactions

May I suggest the Adams County Commissioners come for a drive along to Representative Parenti’s District and visit Arapaho Ridge and Blue Heron subdivisions, then cross the District’s boundary and head south to Indian Peaks subdivision. I believe, you will find these communities have several commonalities, wonderful place to raise families, they all were approved by the Boulder County Commissioner without allowing Metropolitan District financing (meaning the community developers were at risk for the completion and the success of their business decisions were based on providing quality workmanship and not covering up bad business decisions onto future property owners and tax payers without any accountability). These projects were either started and completed in the 1990s or early 2000s, their respective Cities own the parks, clubhouse and pools, and the homeowners are not a burden to the city's finances. Since there are NO MD#2 debt, the commissioners do not have to grovel for funds to hire a consultant to understand the tax structures and MD#2 bond payment consequences on existing subdivisions. Additionally, these homeowners are more likely willing to approve future public financing bond projects, since these homeowners were treated fairly (not subject to multiple deed restrictions) when their homes were purchased.

In short, the future successes of your communities depend on approving new home construction exempt from Metropolitan District #2 financing. The time for action is now, not to continue tolerating former bad practices of community developers as the NEXT step in kicking the can down the road.