Cornerstone Metropolitan Districts and Owners Association

Cornerstone Metropolitan Districts & Owners Association

Cornerstone is a 6,000 acre mountain golf course community located in the heart of the San Juan mountains of Colorado.  It has multiple entities that serve the community, including two Metropolitan Districts and an Owners Association.  A brief description of the duties of each entity is shown below; additional information for each entity is available within each section of the site. 

 

The Club is also responsible for providing services to the community and has its own website which can be accessed by clicking here.

 

District No. 1

District No. 1 is responsible for the operations of the public infrastructure within the community, which center around the operation of the roads and domestic water and sanitary sewer.  The District is also responsible for public safety within the community including controlling access into the community and providing first response to any emergencies.  Water and sanitary sewer operations are funded through the imposition of user fees while the public safety and general operating costs of the District, including road plowing and maintenance, are funded through property taxes received from District No. 2.

 

District No. 2

District No. 2 is responsible for levying property taxes to fund both the general operations of District No. 1 as well as payments related to the debt issued by District No. 2 to finance the installation costs of the infrastructure.

 

Owners Association

The Owners Association is primarily responsible for common area maintenance, wildlife preservation, and covenant enforcement.  The Association is funded through annual dues which are paid by each lot within the community.


 
Special Districts in Colorado
 
Special Districts are local governments (quasi-municipal corporations and political subdivisions of the State of Colorado) established to provide certain necessary public infrastructure, facilities and services to a community.  These improvements and services include water, sewer, streets, drainage systems, landscaping, traffic related safety enhancements, park and recreation facilities and services, fire protection, mosquito control, and transportation improvements.  There are currently over 1,800 Special Districts in Colorado providing these types of facilities and services to communities throughout the State.
 
The use of a Special District to provide these public improvements and facilities allows financing on a tax-exempt basis, at lower interest rates and on more favorable terms than would be otherwise available through private sector alternatives, resulting in a savings to property owners on the cost of infrastructure necessary for a community.  Special Districts as local governments are not only able to save money for their residents and property owners by selling tax-exempt bonds (to provide financing), they are also able to reduce costs by purchasing essential goods and services tax-free, and participating in intergovernmental agreements with other local governments.
 
Special Districts protect property values by assuring property owners that infrastructure is properly phased, and roads, water and sewer lines, and other essential facilities and services, to the extent owned and maintained by the Special District, will continue to be maintained.
 
As governmental entities providing essential, fundamental services, the Colorado Legislature has promoted the use of Special Districts through a governing set of statutes.  Special Districts are governed by a board of directors that must meet and act in public session with public notice, and Special Districts must comply with, among other requirements, the Colorado Open Records Act, the Local Government Budget Law, and the Local Government Audit Law.  Special Districts are also accountable to the approving jurisdiction through annual reporting requirement and service plan limitations.  For more information, please see the attached document provided by the Colorado Department of Local Government. 
 
 
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