District Documents
ANNUAL REPORT
FOR THE YEAR 2024
PRAIRIESTAR METROPOLITAN DISTRICT NOS. 1, 3 AND 4
As required by Section VII of the Service Plans for PrairieStar Metropolitan District No. 1 (“District No. 1”), PrairieStar Metropolitan District No. 3 (“District No. 3”), and PrairieStar Metropolitan District No. 4 (“District No. 4”, together with District No. 1 and District No. 3, the “Districts”), approved by the Town of Berthoud, Colorado (“Town”) on July 27, 2010, we present the following report of the Districts’ activities from January 1, 2024 to December 31, 2024:
1. Boundary changes made or proposed to the Districts’ boundaries as of December 31 of the prior year. There were no Boundary changes made or proposed for the Districts during 2024.
2. Agreements with other governmental entities entered into or proposed or terminated as of December 31 of the prior year. There were no agreements with other governmental entities entered into, proposed or terminated for the Districts during 2024.
3. A list of all facilities and improvements constructed or acquired by the Districts and those that have been dedicated to and accepted by the Town as of December 31 of the prior year. No improvements were constructed or acquired by the Districts during 2024.
4. Audit of the Districts’ financial statements, for the year ending December 31st of the previous year, prepared in accordance with generally accepted accounting principles or audit exemption, if applicable. Please find below the 2024 Application for Exemption from Audit for District No. 3. District No. 1 and District No. 4 are in Inactive Status and were not required to file 2024 Applications for Exemption from Audit.
2024 Audit Exemption - District No. 3
5. Notice of continuing disclosure undertaking for events of default by the Districts, which continue beyond a ninety (90) day period, under any Debt instrument. None.
6. Any inability of the Districts to pay its obligations as they come due in accordance with the terms of and Debt instruments, which continue beyond a ninety (90) day period. None.
The following information required by Section 32-1-207(3)(c)(II), C.R.S. (and not already disclosed above) is also provided:
7. Access information to obtain a copy of rules and regulations adopted. The Districts have not adopted any rules and regulations.
8. Summary of litigation involving the Districts’ public improvements. There is no litigation involving the Districts’ public improvements.
9. Conveyances or dedications of facilities or improvements, constructed by the Districts, to the Town. There have been no conveyances or dedications of facilities or improvements, constructed by the Districts, to the Town.
10. Final assessed valuation of the Districts for the report year.
District No. 1 final assessed valuation = $140.00
District No. 3 final assessed valuation = $142,038.00
District No. 4 final assessed valuation = $140.00
Current year’s budget. A Copy of District No. 3’s 2025 budget is linked below. District No. 1 and District No. 4 are in Inactive Status and were not required to adopt 2025 budgets.
2025 Budget - District No. 3
*For accessibility purposes this is an alternate conforming version of the Annual Report
2026 Mill Levy - 43.655 Mills
2025 Budget2025 Mill Levy - 50.000 Mills
2024 Budget2024 Mill Levy - 50.000 Mills
The Transparency Notice for the District can be accessed on the Special District Association website:
