Soda Creek Highlands Metropolitan District Nos. 1 and 2

Soda Creek Highlands Metropolitan District Nos. 1 and 2

Kevin O'Malley, Soda Creek Highlands Development Company LLC Matt Ruhland, Collins Cockrel & Cole, P.C. Alan Matlosz, George K. Baum & Company

OVERVIEW

Soda Creek Highlands Development General Purpose Statutory Protections Service Plan Protections Soda Creek Highlands ? Multiple District Structure, Powers, Limitations, Additional Requirements and Financials Findings Conclusion

SODA CREEK HIGHLANDS DEVELOPMENT

The 43.59 acre development generally located within the City, west of Soda Creek Road and is accessed by Pine Slope Road.

The initial District Boundaries for the proposed Soda Creek Highlands Metropolitan District No. 1 is anticipated to contain .27 acres and the initial District Boundaries of the proposed Soda Creek Highlands Metropolitan District No. 2 is anticipated to contain .26 acres.

The Inclusion Area Boundaries, which is most of the Soda Creek Highlands project contains 43.06 acres and it is anticipated to eventually make up the boundaries of the Districts upon inclusion.

SODA CREEK HIGHLANDS DEVELOPMENT (continued)

The development is anticipated to be a Multi-Family Housing development with a mixture of Condominiums and Townhomes with Condominium units priced between 57% and 86% of the current Idaho Springs average sale price.

The development is anticipated to consist of:

72 1-Bedroom Condominiums 108 2-Bedroom Condominiums 30 2-Bedroom Townhomes 90 3-Bedroom Townhomes

GENERAL PURPOSE

A metropolitan district shall provide two or more of the following services: Fire protection as specified in section 32-1-103 (7); Elimination and control of mosquitoes; Parks or recreational facilities or programs as specified in section 32-1-103 (14); Safety protection through traffic and safety controls and devices on streets and highways and at railroad crossings; Sanitation services as specified in section 32-1-103 (18); Street improvement through the construction and installation of curbs, gutters, culverts, and other drainage facilities and sidewalks, bridges, parking facilities, paving, lighting, grading, landscaping, and other street improvements; Establishment and maintenance of television relay and translator facilities; Transportation as specified in section 32-1-1004(5); Water and sanitation services as specified in section 32-1-103 (18), (24), and (25); Water as specified in section 32-1-103 (25); Solid waste disposal facilities or collection and transportation of solid waste as specified in section 32-1-1006 (6) and (7).

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