District Documents
2024 ANNUAL REPORT
BRAMMING FARM METROPOLITAN DISTRICT NO. 1
As required by Section 32-1-207(3)(c), C.R.S. and Section VII of the Amended and Restated Service Plan for the Bramming Farm Metropolitan District No. 1, the following report of the activities of Bramming Farm Metropolitan District No. 1 (the “District”) from January 1, 2024 to December 31, 2024 is hereby submitted.
A. Boundary changes made or proposed: There were no changes or proposed changes made to the District’s boundary as of December 31, 2024.
B. Intergovernmental Agreements entered into or terminated: The District was a party to the following intergovernmental agreement(s) as of December 31, 2024:
Intergovernmental Agreement between the City of Thornton and Bramming Farm Metropolitan District No. 1 Regarding the Amended and Restated Service Plan for the District dated September 9, 2014
C. Access information to obtain a copy of rules and regulations adopted: The District adopted Resolution No. 2011-08-06 Regarding the Imposition of System Development Fees on August 26, 2011. The District adopted Resolution No. 2012-10-03 Regarding the Imposition of a Maintenance Fee on October 12, 2012. Members of the public who wish to access a copy of the rules and regulations may find the information on the District’s website.
D. Summary of litigation involving the District’s public improvements: The District was not involved in any litigation during 2024.
E. Status of the District’s construction of public improvements: Certain improvements were constructed by Centre Communities, Ltd. (“Developer”) in 2012 and 2013. The Developer received reimbursement for certain verified construction costs in connection with such improvements from proceeds from the Series 2015 bond issuance.
Richmond American Homes (“Builder”) completed construction of Bramming Farm Subdivision Filing No. 3, Phase 1 paving, signage, drainage, utility improvements, and landscape improvements in 2014 and 2015.
Landscaping, irrigation and amenities in Tracts B through H of Filing No. 3, and in the roundabout at E. 126th Ave. and Hudson St., were conveyed to and accepted by the Bramming Farm Homeowners Association (“HOA”) on July 14, 2016.
The District did not construct any public improvements in 2024.
F. Conveyances or dedications of facilities or improvements, constructed by the District, to the City of Thornton: There were no new improvements accepted by the City of Thornton in 2024.
G. Final assessed valuation of the District for the reporting year: $6,113,210.
H. Current year’s budget: A copy of the District’s 2025 Budget is attached hereto. The District has no construction plans for 2025.
2025 Budget
I. Audited financial statements for the reporting year (or application for exemption from audit): The District’s 2024 Audit has not yet been completed as of the date of submittal of this report but will be provided as soon as it is available.
J. 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.
K. 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.
*For accessibility purposes, this is a conforming alternate version of the 2024 Annual Report
2026 Mill Levy - 55.054 mills
2025 Budget Amendment2025 Budget2025 Mill Levy - 66.663 mills
The Transparency Notices for the Districts can be accessed on the Special District Association:
https://www.sdaco.org/lc/sda-transparency/notice/id/1601