Who is Eligible to Vote?
If you own property in an individual’s name. (Not a LLC, Inc., trust or company name.) If ownership is joint tenancy in common, ie. John and Mary Smith, both are eligible to vote. OR If you reside within the boundary of the proposed district full-time. AND You must be a registered voter in Colorado.
Why Special District Formation?
2. A single management structure streamlines operations across all ownership groups, turning fragmented oversight into cohesive, high- quality care that benefits everyone. 3. By transferring responsibility to a central authority, property owners and guests can step away from costly, time-consuming upkeep and enjoy consistent, well-managed amenities. 4. Shifting ownership provides governmental immunity, easing insurance exposure and creating peace of mind for building and business owners. 5. Our special district will be different than metro districts you may be more familiar with in that our formation is coming after development build-out versus control by one developer pre-construction.
Why Now?
1. The pond in its current state is a liability and it is only getting worse. 2. Need to continue enhancing our play areas in a highly competitive hospitality environment. 3. As governmental entities increasingly go to ballot with funding requests, we need to control our own destiny.
How can the Town Contribute?
1. It is important to understand that Maggie Pond is not an asset owned by the Town of Breckenridge. We have been working with the Town to partner with us on this important project by waiving planning and building permit costs, the surety bond, and the construction material sales tax. 2. Their support to create a unique gathering place and ensure cohesive flow to all other Town amenities.
How can Breckenridge Ski Resort Contribute?
1. As an owner within the boundary, BSR will be paying property taxes just like other commercial owners and residential owners within the boundary. 2. We have been working with the ski resort to ensure their snowmaking and water quality are positively impacted.
Governance Structure
The authority is comprised of both commercial and residential districts for one governing entity, and can include non-Colorado residents on the governing board. Contribution is based on tax revenue generation. The proposed mill levy for the commercial district is approximately 20% of the residential district mill levy.
The Authority is comprised of both commercial and residential districts for one governing entity. Contribution is based on tax revenue generation. The proposed Mill Levy for the Commercial District is approximately 20% of the Residential District Mill Levy.
Consolidated Entity to Achieve:
Singular representation, with control by many versus just one development entity • Beautify and improve guest experience by offering amenities • Increase property values • Stable funding mechanism that has: • Municipal bond capability • Grant eligibility • Carry insurance with governmental immunity
