Summit Park Metropolitan District

District Overview (per Sec. 32-1-104.5(3)(a)(X), C.R.S.) Summit Park Metropolitan District is a local government that provides certain public improvements and services to commercial property within its boundaries. The District was organized in 2003 and operates pursuant to § 32-1-101, et seq., C.R.S. (the “Special District Act”) and its Amended and Restated Service Plan dated August 12, 2021 (the “Service Plan”). Public Improvements and Services The District is authorized by the Special District Act and its Service Plan to provide various public improvements and services, including, but not limited to streets, traffic and safety controls, street lighting, landscaping storm drainage and water facilities. The District participated in the financing and construction of certain public improvements, and all public improvements except for water facilities were conveyed to other public entities to operate and maintain. The District operates and maintains a water system and provides water service to property within the District. Maximum Debt Authorization The District is authorized by its Service Plan to issue general obligation debt not to exceed $1,800,000, subject to electoral authorization. Authorized Sources for Debt Repayment The District is authorized to repay its general obligation debt from any and all legally available revenues of the District, including general ad valorem taxes, fees, rates, tolls, penalties, and charges. Maximum Mill Levy for Debt Repayment Any contractual obligations to levy general ad valorem property taxes for the payment of any bond or other obligations from the District’s property taxes shall be limited to an annual ad valorem mill levy not 50 mills, for so long as the total principal amount of all the District’s outstanding debt, at the time of issuance, exceeds 50% of the valuation for assessment of the taxable property in the District. When the assessed value of the District is such that debt does not exceed 50% of the District’s assessed valuation, the levy is unlimited. Board Member Qualifications The District holds regular elections for board members on the first Tuesday after the first Monday in May of each odd-numbered year. A person is qualified to be a candidate for election or appointment on the Board if they are an “eligible elector,” as defined in C.R.R. § 32-1-103(5). People interested in a position on the District’s Board of Directors may contact the District’s legal counsel for further information: Seter, Vander Wall & Mielke, P.C. 7400 E. Orchard Road, Suite 3300 Greenwood Village, CO 80111 Phone: (303) 770-2700 Email: svw@svwpc.com District Overview (per Sec. 32-1-104.5(3)(a)(X), C.R.S.) Summit Park Metropolitan District is a local government that provides certain public improvements and services to commercial property within its boundaries. The District was organized in 2003 and operates pursuant to § 32-1-101, et seq., C.R.S. (the “Special District Act”) and its Amended and Restated Service Plan dated August 12, 2021 (the “Service Plan”). Public Improvements and Services The District is authorized by the Special District Act and its Service Plan to provide various public improvements and services, including, but not limited to streets, traffic and safety controls, street lighting, landscaping storm drainage and water facilities. The District participated in the financing and construction of certain public improvements, and all public improvements except for water facilities were conveyed to other public entities to operate and maintain. The District operates and maintains a water system and provides water service to property within the District. Maximum Debt Authorization The District is authorized by its Service Plan to issue general obligation debt not to exceed $1,800,000, subject to electoral authorization. Authorized Sources for Debt Repayment The District is authorized to repay its general obligation debt from any and all legally available revenues of the District, including general ad valorem taxes, fees, rates, tolls, penalties, and charges. Maximum Mill Levy for Debt Repayment Any contractual obligations to levy general ad valorem property taxes for the payment of any bond or other obligations from the District’s property taxes shall be limited to an annual ad valorem mill levy not 50 mills, for so long as the total principal amount of all the District’s outstanding debt, at the time of issuance, exceeds 50% of the valuation for assessment of the taxable property in the District. When the assessed value of the District is such that debt does not exceed 50% of the District’s assessed valuation, the levy is unlimited. Board Member Qualifications The District holds regular elections for board members on the first Tuesday after the first Monday in May of each odd-numbered year. A person is qualified to be a candidate for election or appointment on the Board if they are an “eligible elector,” as defined in C.R.R. § 32-1-103(5). People interested in a position on the District’s Board of Directors may contact the District’s legal counsel for further information: Seter, Vander Wall & Mielke, P.C. 7400 E. Orchard Road, Suite 3300 Greenwood Village, CO 80111 Phone: (303) 770-2700 Email: svw@svwpc.com