Infrastructure

The Compark Business Campus Metropolitan District is a quasi-municipal governmental entity organized and governed pursuant to provisions of the Colorado Special District Act. The District is generally bounded by Happy Canyon Creek and the Cottonwood Planned Development on the east, the E-470 Tollway on the south, Upland Drive and Peoria Road on the west, and the Arapahoe County/Douglas County line on the north. The District encompasses approximately 430 acres and will include a mixture of industrial, office, retail, and multi-family land uses.

The District’s approved Service Plan grants authority for the provision of public water, sanitary sewer and drainage, traffic and safety controls, street improvements, public transportation improvements, television relay and translation improvements, mosquito control improvements and park and recreation improvements for District residents and property owners. The District has caused the construction of the necessary primary street, drainage and water and sewer improvements.

The District’s Service Plan as approved by Douglas County provides for an annual debt service levy and an annual operating levy. For 2002 the debt service levy was set at 35 mills and the operating levy was set at 5 mills. The mill levy may be adjusted upward or downward to take into account changes in law, methods of calculating assessed valuation, or District budget matters. The debt service levy is pledged for payment of bonds associated with the public improvements necessary for the development of properties within the District.

The District is governed by a five member Board of Directors. The current members of the Board of Directors are as follows:

Chairman/President: Michael Vickers
Vice-President/Assistant Secretary: Larry Grace
Vice-President/Assistant Secretary: Chandler Lippitt
Vice-President/Assistant Secretary: Hank Vanderryst
Secretary/Treasurer: Don Gravette

Members of the Board receive no compensation for their service as Board Members.

Regular Board meetings are held at 12:15 on the fourth Tuesday of each calendar month at the offices of R.S. Wells L.L.C., 8390 E. Crescent Pkwy, Suite 500, Greenwood Village, CO 80111. Please contact Mr. Bob Blodgett, Project Manager, for information on Board agendas or meetings as they do occasionally change and special meetings may be held from time to time. Board members must be either residents or property owners within the District and registered to vote at their residence address within the State of Colorado.

The District has no employees and all operations and administrative responsibilities are contracted. R.S. Wells L.L.C. is the District’s manager, by contract. Engineering, accounting, legal and audit functions are retained through separate contractors approved by the Board of Directors.