Coal Ridge Metropolitan District

2025 ANNUAL REPORT

COAL RIDGE METROPOLITAN DISTRICT

As required by Section 32-1-207(3)(c), C.R.S., and Section VII of the District’s Service Plan, the following report of the activities of Coal Ridge Metropolitan District (the “District”) from January 1, 2025 to December 31, 2025 is hereby submitted:

1.                  Boundary changes made or proposed to the District’s boundary as of December 31st of the prior year. There were no boundary changes made or proposed to the District’s boundary during the reporting year.

2.                  Copies of the District’s rules and regulations, if any, as of December 31st of the prior year. The District did not adopt any rules and regulations during the reporting year. . If any rules and regulations are adopted, they can be obtained from: McGeady Becher Cortese Williams P.C., 450 E. 17th Ave., Suite 400, Denver, CO 80203-1254. Phone: 303-592-4380. Email: info@specialdistrictlaw.com.

3.                  A summary of any litigation which involves the Public Improvements as of

December 31st of the prior year; provided however, that if there has been filed with the District any notice or claim of action that would result in financial obligations to be borne by taxpayers of the District, the District shall immediately send written notice to the Town and shall post a notice of any such claim on the District’s website. To our knowledge, there was no litigation involving the Public Improvements during the reporting year.

4.                  Status of the District’s construction of the Public Improvements as of December 31st of the prior year. The District did not construct any Public Improvements during the reporting year.

5.                  A list of all facilities and improvements constructed by the District that have been dedicated to and accepted by the Town as of December 31st of the prior year. No facilities or improvements were dedicated to or accepted by the Town during the reporting year.

6.                  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 defaults existing for more than ninety (90) days under any Debt instrument of the District.

7.                  Any inability of the District to pay its obligations as they come due, in accordance with the terms of such obligations, which continue beyond a ninety (90) day period. To our knowledge, the District has been able to pay its obligations as they come due.

8.                  Any alteration or revision of the proposed schedule of Debt issuance set forth in the Financial Plan. As a result of current market conditions for new home construction as well as a delay in obtaining land entitlements, development within the District has been delayed. Until such time as market conditions improvement and land entitlements are obtained to allow for development to occur, the District intends to elect inactive status commencing in 2027,

9.                  Intergovernmental agreements entered into or terminated with other governmental entities. The District entered into the following intergovernmental agreements during the reporting year:

·         Intergovernmental Agreement between the Town of Firestone, Colorado and Coal Ridge Metropolitan District, dated June 2, 2025. Please note that the District has requested from the Town a counter-signed copy on numerous occasions. As of the date hereof, the Town has not sent its counter-signed copy.

·         Cooperation Agreement for Property Tax Increment Revenue Sharing between the Firestone Urban Renewal Authority and Coal Ridge Metropolitan District (Southern Firestone Urban Renewal Plan, dated June 2, 2025.

10.              The final assessed valuation of the special district as of December 31st of the reporting year. $199,334 (net).

11.              A copy of the current year’s budget. A copy of the District’s 2026 budget is linked below. 

12.              A copy of the audited financial statements, if required by the “Colorado Local Government Audit Law,” part 6 of article 1 of title 29, or the application for exemption from audit, as applicable. The District is currently exempt from audit, pursuant to Section 29-1-604, C.R.S. A copy of the Application for Exemption from Audit for 2025 is linked below. 

*For accessibility purposes, this is an alternate conforming version of the 2025 Annual Report.

2026 Mill Levy- 0.000 mills

The Transparency Notices for the Districts can be accessed on the Special District Association website:

https://www.sdaco.org/lc/sda-transparency/notice/id/4281