Title
A resolution of the City of Colorado Springs consenting to the dissolution of the College Creek Metropolitan District.
Council District 2
Presenter:
Kevin Walker, Planning Director, City Planning Department
Body
Summary:
The College Creek Metropolitan District (“the District”) was approved for formation by the City on August 22, 2006, and was formally organized pursuant to an Order and Decree of the El Paso County District Court on November 15, 2006. The District is located southeast of the intersection of Interquest Parkway and Federal Drive. The site is currently home to multi-family apartment units and a community clubhouse. As of 2025, the District no longer has any outstanding financial obligations, does not own any assets, and is not responsible for maintaining any public improvements. As such, the District requests the City Council of the City of Colorado Springs consent to a dissolution of the District pursuant to C.R.S Section 32-1-704(3)(b).
Background:
The College Creek Metropolitan District was created in 2006 under the City’s old Model Service Plan and Policies. The District includes the entirety of the Interquest Ridge Apartment Community (Parcel ID 6221303016) which is approximately 10.5 acres, and a 0.1798 acre section of land identified as (Parcel No. 6221204007) which is owned by the City. The District utilized a maximum debt mill levy of 30 mills and a maximum operations and maintenance mill levy of 10 mills. At the time-of-service plan adoption, the public improvements shown in the associated development plan were estimated to cost $5.5 million dollars and the District elected to cap their maximum debt issuance at $20 million dollars. In 2025, according to the El Paso County Property Appraiser, the District is no longer utilizing their mill levies.
Per Exhibit D of the Service Plan, the District has a list of permitted services to be provided by the District that include operations and maintenance services related to the entrance features, Parks, landscaping, street trees, and streetscapes. With all planned improvements completed and the majority of the property being under the ownership of the Interquest Ridge Apartments Limited Partnership, the District has no need to continue its operations and can hand over its limited maintenance activities to the management of the multi-family community who is the sole landowner within the District.
Pursuant to C.R.S Section 32-1-704(3)(b), a Metropolitan District may be dissolved by the District Court of El Paso County without the need for bringing the issue to an election if certain conditions are met. The District can be dissolved by the District Court without an election when the District lies wholly within the City, if the District has no financial obligations or outstanding bonds, and if the Board of Directors of the District and City Council consent to the dissolution. Per Exhibit A (refer to Exhibit A - Resolution of the Board of Directors) the District will have no outstanding debt or financial obligations as of September 30, 2025 (refer to Exhibit B - “Certified Financial Statement”). The District’s service plan does not indicate any special or deviating requirements for the District to be able to dissolve.
Based upon the District’s ability to meet the Statutory criteria for the dissolution, the District’s Board of Directors requests that City Council consent to the dissolution of the District by approving this resolution.
Previous Council Action:
No additional Council actions have been taken since the creation of the District in 2006.
Financial Implications:
N/A
Recommended Action
Proposed Motions:
Should the City Council wish to approve the [type of application if multiple] application, the following motion is suggested:
Approve a resolution of the City of Colorado Springs consenting to the dissolution of the College Creek Metropolitan District
Should the City Council wish to deny the [type of application if multiple] application, the following motion is suggested.
Deny a resolution of the City of Colorado Springs consenting to the dissolution of the College Creek Metropolitan District