Uplands Metropolitan District No. 2 Documents
2025 ANNUAL REPORT
UPLANDS METROPOLITAN DISTRICT NOS. 1 AND 2
As required by Section 32-1-207(3)(c), C.R.S., and Section XVII of the Consolidated Service Plan (the “Service Plan”) for the Uplands Metropolitan District Nos. 1 and 2 (respectively, “District No. 1” and “District No. 2” and collectively, the “Districts”), the following report of the Districts’ activities from January 1, 2025, to December 31, 2025, is hereby submitted.
A. Summary of the progress of the Districts in implementing the Service Plan:. The progress of the Districts implementing their Service Plan is proceeding as planned.
B. Audited financial statements for the reporting year (or application for exemption from audit): District No. 2 is currently exempt from audit, pursuant to Section 29-1-604, C.R.S. A copy of the District No. 2 Application for Exemption from 2025 Audit is linked below. The 2024 Audit for District No. 1 is also linked below. The 2025 Audit for District No. 1 will be provided upon completion..
2025 Audit Exemption - Uplands MD No. 2.pdf2024 Audit as Filed- Uplands MD.pdfC. Summary of capital expenditures incurred in development of public facilities and any capital improvements or projects proposed to be undertaken in the five (5) years following the Report Year: The Districts incurred capital expenditures in development of public improvements or facilities in 2025. It is anticipated that additional capital expenditures for public improvements identified in plats and development plans approved by the City will continue for years 2025-2030.
D. Summary of financial obligations, including the amount of outstanding debt, the amount and terms of any new debt or long-term obligations issued in the Report Year, the amount of payment or retirement of existing indebtedness in the Report Year, the total assessed valuation of all taxable properties within the Districts as of January 1 of the Report Year, and the current mill levy of the Districts pledged to debt retirement in the Report Year:
District No. 1 issued its Limited Tax General Obligation Bonds, Series 2023A, in the aggregate principal amount of $15,940,000, and its Subordinate Limited Tax General Obligation Bonds, Series 2023B(3), in the aggregate principal amount of up to $28,097,000 on September 1, 2023 (collectively, the “Series 2023 Bonds”). Additional information respecting the terms of the Series 2023 Bonds is available in the 2025 Audit for District No. 1.
District No. 1 Final Assessed Valuation: $4,349,000
District No. 2 Final Assessed Valuation: $1,950
E. Current year’s budget: The District No. 1 and No. 2 2026 budget are linked below.
2026 Budget- Uplands MD No. 1 - website posting.pdf2026 Budget- Uplands MD No. 2.pdfF. Summary of residential and/or commercial development: Residential development commenced during 2025.
G. Summary of all fees imposed by the District: District No. 1 adopted Resolution No. 2023-08-01; Facilities Fee Resolution on August 22, 2023, and recorded in the real property records of Adams County on September 26, 2023, at Reception No. 2023000054701 (the “Facilities Fee Resolution”). In accordance with the Facilities Fee Resolution, District No. 1 imposes a $3,000.00 fee upon Single Family Dwelling Units (as defined in the Facilities Fee Resolution) and a $2,000.00 fee upon Townhome Dwelling Units (as defined in the Facilities Fee Resolution), which are payable to District No. 1 on or before the issuance of a building permit for such dwelling unit. District No. 2 did not impose any fees during 2025.
H. Certification of the Board of Directors of the respective Districts (collectively, the “Board”) that no action, event or condition enumerated in Section 11 of the Policy has occurred in the Report Year:
On July 14, 2025, the City of Westminster approved a First Amendment to the Consolidated Service Plan for Uplands Metropolitan District Nos. 1 and 2.
I. Name, business address and telephone number of each member of the Board and its chief administrative officer and general counsel, together with the date, place and time of the regular meetings of the Board:
Mark Nickless
4601 DTC Blvd., Suite 525
Denver, CO 80237
970-439-1946
Jeff Handlin
4601 DTC Blvd., Suite 525
Denver, CO 80237
970-439-1946
Amber Sands
4601 DTC Blvd., Suite 525
Denver, CO 80237
970-439-1946
Chad Ellington
1480 Humboldt Street
Denver, CO 80218
970-439-1946
Matt Childers
2000 N. Clay Street
Denver, CO 80211
904-644-7670
Chief Administrative Officer and General Counsel:
McGeady Becher Cortese Williams P.C.
Paula J. Williams, Esq.
450 E. 17th Avenue, Suite 400
Denver, CO 80203
303-592-4380
2026 Regular Meetings: January 8th, April 9th, July 9th, and October 8th at 10:00 a.m. to be held via video/teleconference
J. Boundary changes made: No boundary changes occurred in 2025.
K. Intergovernmental Agreements entered into or terminated:
The Districts did not enter into or terminate any Intergovernmental Agreements in 2025.
L. Access information to obtain a copy of rules and regulations adopted: The Districts have not adopted any rules and regulations as of December 31, 2024. In the event the Districts adopt such in the future, they may be accessed at the offices of McGeady Becher Cortese Williams P.C., 450 E. 17th Avenue, Suite 400, Denver, Colorado 80203, or on the District’s website: https://uplandsmetrodistricts.specialdistrict.org/.
M. Summary of litigation involving the District’s public improvements: To our knowledge, the Districts have not been involved in any litigation.
N. Status of the Districts construction of public improvements: Construction of public improvements commenced during 2025.
O. Conveyances or dedications of facilities or improvements, constructed by the District, to the City: None.
P. Notice of any uncured events of default by the Districts, which continue beyond a ninety (90) day period, under any debt instrument: To our knowledge, there are no uncured events of default by the Districts which continue beyond a ninety (90) day period.
Q. Any inability of the Districts to pay 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 Districts have been able to pay obligations as they come due.
*For accessibility purposes, references to exhibits have been removed and links to exhibit documents have been added. For a copy of the Annual Report with exhibits as filed with the jurisdiction, please contact info@specialdistrictlaw.com.
For accessibility purposes, this is an alternate conforming version of the 2025 Annual Report
2025 Mill Levy - 23.906 Mills
MD2 2024 BUdget.PDF2024 Mill Levy - 23.906 Mills
The Transparency Notices for the Districts can be accessed on the Special District Association:
