District Documents

Annual Reports

ANNUAL REPORT

(For the Year Ending December 31, 2024)

PARKER HOMESTEAD METROPOLITAN DISTRICT

(the "DISTRICT")

(Pursuant to Section VII of the Service Plan, approved October 3, 2010 by the Town of Parker (the “Town”), and pursuant to Section 32-1-207, C.R.S).

1. Progress of the District in the Implementation of its Service Plan:

As of December 31, 2023, 100% of the public improvements contemplated under the Service Plan and necessary to serve the development were completed in 2006 and 2017 and dedicated to the Town or Parker Water & Sanitation District, as applicable.

2. 2024 Audited Financial Statements:

A copy of the 2024 Audited Financial Statements is linked below:

2024 Audit

3. Summary of Capital Expenditures Incurred by the District in the Development of Public Improvements and Proposed for the Next Five (5) Years:

No improvements are planned for the next five years.

4. Financial Obligations of the District:

On November 15, 2016, the District issued its $8,300,000 General Obligation Refunding and Improvement Bonds, Series 2016. Please refer to the 2024 Audit.

Subsequently, in 2020 the District approved a Loan in an amount not to exceed $8,300,000 for the purpose of refunding the District’s General Obligation (Limited Tax Convertible to Unlimited Tax) Refunding and Improvement Bonds, Series 2016, and paying or reimbursing capital costs for District public improvements. In 2021, the District exercised its right to convert the Loan to tax-exempt.

5. 2025 Adopted Budget:

A copy of the 2025 Budget is linked below:

2025 Budget

6. 2024 Residential and Commercial Development Summary:

As of December 31, 2024, the District is fully built out with approximately 347 single-family homes and there are no units under construction. No additional residential development and no commercial development is anticipated.

7. Fees, Charges and Assessments in the District:

The District did not impose any fees, charges or assessments in 2024.

8. District Certification/No Material Modifications:

The undersigned, on behalf of the Board of Directors, certifies that no action, event or condition enumerated in Town Code section 10.11.060 has occurred in the report year.

9. Current Year Contact Information:

A copy of the Current Year Contact Information is attached hereto as Exhibit C.

The District has scheduled 2025 regular meetings for: June 11th and October 8th at 2:30 p.m. via Zoom videoconference.

10. Certification of Compliance with Service Plan:

The undersigned, on behalf of the Board of Directors, certifies that the District is in compliance with all provisions of its Service Plan.

11. A copy of the most recent notice issued by the District pursuant to Section 32-1-809, C.R.S.:

A copy of the District’s transparency notice, pursuant to Section 32-1-809, C.R.S., is attached as Exhibit D.

12. Boundary changes made:

The District did not make any changes to its boundaries in 2024.

13. Intergovernmental agreements either proposed, entered into, or terminated as of December 31, 2024:

The District did not propose, enter into or terminate any intergovernmental agreements in 2024.

The District previously entered into a Service Plan IGA with the Town, dated April 5, 2011, and the First Amendment thereto, dated March 3, 2014.

14. Access information to obtain a copy of rules and regulations adopted:

The District has not adopted any rules or regulations as of 2023. In the event the District adopts rules or regulations in the future, such documents may be accessed at the offices of McGeady Becher Cortese Williams, P.C., 450 E. 17th Street, Suite 400, Denver, CO 80203, (303) 592-4380. The District’s website is: https://parkerhomesteadmd.specialdistrict.org/.

15. Summary of litigation involving the District’s public improvements:

The District was not involved in any pending or threatened litigation in 2024.

16. A list of facilities or improvements constructed by the special district that were conveyed to the Town in 2024:

No facilities or improvements were dedicated to or accepted by the Town in 2024.

17. Final assessed valuation of the District for the reporting year:

The District’s assessed valuation for 2024 is: $19,908,610.

18. 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 events of default by the District which continue beyond a ninety (90) day period.

19. Any inability of the District to pay its 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 District has been able to pay its obligations as they come due.

EXHIBIT C

BOARD OF DIRECTORS

PARKER HOMESTEAD METROPOLITAN DISTRICT

As of 8/1/2025

Directors

James E. Marshall, President