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ATTENTION DISTRICT RESIDENTS

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In November 2016, the Stonegate Village Metropolitan District has formed the Capital Asset Committee, to be known as the CAC.  The District’s citizen CAC will be assembled to review the need and possible options and expense(s) related to the creation or re-designation of a community activity center or meeting space(s).  The new or reorganized activity center and meeting space(s) would be financially supported by rates, fees and taxes, and they would be available for community member’s use.  The District’s Board of Directors are fiduciary stewards of the District’s assets, budget, and facilities; and the Board firmly believes that community input on this subject is an important part of the decision making process to better determine demand for community facilities and to further explore how the general mill levy taxes and fees will be spent in future years to meet the community’s prioritized needs.  The first kick-off meeting of the CAC will likely take place in December once the committee is properly formed.

 

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DISTRICT ANNOUNCEMENT:  June 10, 2016

 

The Board of Directors of Stonegate Village Metropolitan District has resolved to create a new committee of citizens to assist the Board in planning for a new community and activity space. 

 

Accordingly, the Stonegate Village Metropolitan District Capital Asset Committee (“CAC”) shall be made up of six (6) regular members who must be residents of or owners of property within the District.   All members will be appointed by the District’s Board of Directors (“Board”), and the continuing existence and membership of the CAC will be reviewed, annually, at the District’s November meeting. 

Purpose: The CAC is to serve as an advisory body for the Board, responsible for preliminary planning for alternatives for a new community activity and meeting space to be located within the District.  All plans for such development are also to be reviewed by the CAC to determine their conformance with the standards for development within the District.  This ensures harmony and compatibility throughout the development.    

 

Process:  The Board will seek expressions of interest from the residents and owners of property within the District and the Board will review those with the intent of forming the CAC as described above.  Responders will have 90 days to submit their names and reasons for their interest.  

 

Final decisions regarding any capital expenditure by the District remains the sole purview of the Board. 

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