Why Metropolitan Districts?
Every Metro Dist. should have a sunset. Non negotiable.
Metro District takes out a loan only to cover new utility construction, approved by district Zoning Director, to ensure compliance.
Once the original loan has been paid off the Metro District is dissolved and original deeds handed over to the HOA.
The Metro Dist board must consist of 50% of homeowners once build out is 50% complete.
Once build-out is 75% complete the board consist of 90% of homeowners. Once 100% complete the HOA is handed over to homeowners in it's entirety.
Thank you for visiting the community engagement tool for the Metropolitan District Homeowners’ Rights Task Force.
Pursuant to HB23-1105, this project has now concluded. On behalf of the Department of Regulatory Agencies and the Division of Real Estate, we want to thank you for your interest and participation.