Second Creek Farm Metropolitan District No. 3 Documents
ANNUAL INFORMATION REPORT
FOR THE YEAR 2024
SECOND CREEK FARM METROPOLITAN DISTRICT NO. 3
As required by Section 32-1-207(3)(c), C.R.S., and Section VII of the Service Plan for Second Creek Farm Metropolitan District No. 3 (the “District”), approved by the City of Commerce City on September 19, 2005, the following report of the District’s activities from January 1, 2024 to December 31, 2024 is hereby submitted.
A. Boundary changes made or proposed: There were no boundary changes made or proposed during 2024.
B. Intergovernmental Agreements entered into, proposed or terminated:
i. Amended and Restated Facilities Funding, Construction and Operations Agreement among Second Creek Farm Metropolitan District Nos. 1, 2, 3 and 4 dated July 15, 2019, with an effective date of January 1, 2019.
· First Amendment by and between the District and Second Creek Farm Metropolitan District Nos. 2, 3, and 4 dated August 8, 2022, with an effective date of July 14, 2022.
ii. Eligible Governmental Entity Agreement among Second Creek Farm Metropolitan District Nos. 1, 2, 3, 4 and Colorado Statewide Internet Portal Authority dated August 28, 2019.
iii. Agreement Regarding Payment Obligations by and between the District, Second Creek Farm Metropolitan District No. 1, Second Creek Holdings, LLC and LGI Homes – Colorado, LLC dated September 5, 2019.
· First Amendment by and between the District, Second Creek Farm Metropolitan District No. 1, Second Creek Holdings, LLC and LGI Homes – Colorado, LLC dated March 9, 2020.
iv. South Half of 88th Avenue Facilities Funding and Acquisition Agreement by and between the District, Second Creek Farm Metropolitan District No. 1 and LGI Homes – Colorado, LLC dated September 10, 2019.
· First Amendment by and between the District, Second Creek Farm Metropolitan District No. 1 and LGI Homes – Colorado, LLC dated March 6, 2020.
v. Second Amendment to Cooperation and Reimbursement dated September 25, 2015 by and between the District, Second Creek Farm Metropolitan District No. 1, Second Creek Holdings, LLC, Stratus Buffalo Highlands, LLC, Meritage Homes of Colorado, Inc., Lennar Colorado, LLC, and LGI Homes – Colorado, LLC dated January 15, 2020.
vi. Cost Sharing Intergovernmental Agreement by and among the District, Second Creek Farm Metropolitan District Nos. 2, 3 and 4 dated August 8, 2022, with an effective date of July 14, 2022.
· First Amendment by and among the District and Second Creek Farm Metropolitan District Nos. 1 and 4 dated April 22, 2024.
vii. Second Amended and Restated Capital Pledge Agreement between the District and Second Creek Farm Metropolitan District No. 2 dated August 11, 2022.
C. Changes or proposed changes in the District’s rules and regulations and access information to obtain a copy of the rules and regulations adopted: The District does not currently have any rules and regulations and there were none proposed during 2024.
D. Changes or proposed changes in the District operations: The District adopted an Amended and Restated Facilities Fee Resolution on April 7, 2021, effective February 25, 2021, and recorded September 16, 2021 with the Clerk and Recorder of Adams County at Reception No. 2021000110084.
E. Budgets and Audits: A copy of the 2024 Audit is in the process of being completed and will be provided as a supplement to this report upon its completion.
2025 BudgetF. Summary of litigation involving the District or the District’s public improvements: The District nor the District’s public improvements were involved in any litigation in 2024.
G. Proposed plans for the year immediately following the year summarized in the annual report: Construction within the District is largely complete and the District does not have any plans to construct any public improvements in 2025. The District, however, intends to pay or reimburse others for public improvements installed that benefit the District, including Telluride Street, water, sewer and drainage facilities.
H. Status of construction of public improvements: The District is involved with the financing of certain public improvements that benefit the District pursuant to and in accordance with various contractual obligations, including, without limitation, those agreements referenced in Section B above.
I. Final assessed valuation of the District for the report year: $7,759,380.
The following information required by Section 32-1-207(3)(c)(II), C.R.S. (and not already disclosed above) is also provided:
J. Status of the District’s construction of public improvements: The District did not construct any public improvements in 2024.
K. Conveyances or dedications of facilities or improvements, constructed by the District, to the City of Commerce City: The District did not convey any facilities or improvements to the City of Commerce City in 2024.
L. Notice of any uncured events of default by the District, which continue beyond a ninety (90) day period, under any debt instrument: To our knowledge, there are no uncured events of default by the District which continue beyond a ninety (90) day period.
M. Any inability of the District to pay its obligations as they come due, in accordance with the terms of such obligations, which continues beyond a ninety (90) day period: To our knowledge, the District has been able to pay its obligations as they come due.
*For accessibility purpose, this is an alternate conforming version of the 2024 Annual Report
2026 Mill Levy - 67.748 mills
Resolution to Further Amend 2025 Budget - SCFMD3 (signed) 4937-5274-1513 1 .pdf2025 Mill Levy - 71.631 mills
Resolution to Further Amend 2024 Budget - SCFMD3 (signed) 4914-3794-4457 1 .pdf2024 Mill Levy - 63.642 mills
The Transparency Notices for the Districts can be accessed on the Special District Association website:
