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HomeMy WebLinkAbout2023 HMMD Consolidated Annual Report {00969846.DOCX / 3 } HAYMEADOW METROPOLITAN DISTRICT NOS. 1, 2, 3, 4. 5 AND 6 2023 CONSOLIDATED ANNUAL REPORT Town of Eagle, Colorado via Email Division of Local Government, via E-Filing Portal 1313 Sherman Street Room 521 Denver, Colorado 80203 Office of the State Auditor, via E-Filing Portal 1525 Sherman Street, 7th Floor Denver, Colorado 80203 Eagle County Clerk and Recorder, via Email Pursuant to 32-1-207(3)(c)(I), C.R.S., Haymeadow Metropolitan District No. 1 (“District No. 1”), Haymeadow Metropolitan District No. 2 (“District No. 2”), Haymeadow Metropolitan District No. 3 (“District No. 3”), Haymeadow Metropolitan District No. 4 (“District No. 4”), Haymeadow Metropolitan District No. 5 (“District No. 5”) and Haymeadow Metropolitan District No. 6 (“District No. 6,” and along with District No. 1, District No. 2, District No. 3, District No. 4 and District No. 5, the “Districts”) are required to submit a consolidated annual report for the preceding calendar year (the “Report”) no later than October 1 of each year to the Town of Eagle, Colorado (the “Town”), the Colorado Division of Local Government, the Colorado State Auditor, the County Clerk and Recorder; the Report must also be posted on the Districts’ website, if applicable. For the year ending December 31, 2023, the Districts make the following report: 1. Boundary changes made: Changes were made to the boundaries of District No. 6 during the report year. Attached as Exhibit A is an Order of that was recorded with the Eagle County Clerk and Recorder on January 17, 2023. 2. Intergovernmental agreements entered into or terminated: The Districts executed a Senior Capital Pledge Agreement dated June 1, 2023 related to the issuance of bonds by District No. 5, attached as Exhibit B. The Districts also executed a Subordinate Capital Pledge Agreement, attached as Exhibit C, and a Junior Lien Capital Pledge Agreement dated June 1, 2023, attached as Exhibit D related to the possible issuance of future bonds or obligations by District No. 5. 3. Access information to obtain a copy of the Rules and Regulations: No rules and regulations have been established as of December 31, 2023. Docusign Envelope ID: 7512B3D3-FB4A-41AD-980A-67428087108A Exclusion {00969846.DOCX / 3 } 2 4. A summary of any litigation involving public improvements by the Districts: There is no litigation, pending or threatened, against the Districts of which we are aware. 5. Status of the construction of public improvements by the Districts: Two projects were completed during the report year: (a) Road improvements and storm drainage to complete a roundabout intersection; and (b) a public easement roadway on the RMF-1A and RMF-2A. 6. List of facilities or improvements constructed by the Districts that were conveyed to the Town: The roundabout project was accepted by the Town during the reporting period. 7. Final Assessed Value of Taxable Property within the Districts’ boundaries as of December 31, 2023: The 2023 total assessed value of taxable property within the boundaries of: a. District No. 1 was $359,310, b. District No. 2 was $20,900, c. District No. 3 was $61,410, d. District No. 4 was $21,970, e. District No. 5 was $51,550 and f. District No. 6 was $130. 8. Current annual budget of the Districts: Attached as Exhibit E are copies of the respective Districts’ budgets for the current fiscal year 2024. 9. Most recently filed audited financial statements of the District. To the extent audited financial statements are required by state law or most recently filed audit exemption: Attached as Exhibit F are copies of the respective Applications for Exemption from Audit for fiscal year 2023 for District Nos. 1, 2, 3 and 4. Attached as Exhibit G are copies of the respective audited financial statements for fiscal year 2023 for District Nos. 5 and 6. Docusign Envelope ID: 7512B3D3-FB4A-41AD-980A-67428087108A {00969846.DOCX / 3 } 3 10. Notice of any uncured defaults: There were no uncured events of default by the Districts during the reporting period. 11. The Districts’ inability to pay any financial obligations as they come due under any obligation which continues beyond a ninety-day period: There were no instances of the Districts’ inability to pay its obligation during the reporting period. Respectfully submitted this 27th day of September, 2024. HAYMEADOW METROPOLITAN DISTRICT NOS. 1-6 By: Jens M. Werner, President Docusign Envelope ID: 7512B3D3-FB4A-41AD-980A-67428087108A {00969846.DOCX / 3 } EXHIBIT A Order of Docusign Envelope ID: 7512B3D3-FB4A-41AD-980A-67428087108A Exclusion DATE! Phone Number:970-328-6373 COURT USE ONLY Case No.:2014CV30310 Div.:Ctrm.: ORDER OF EXCLUSION THIS MATTER coming before the Court upon the filing of an Order of the Board of Directors of Haymeadow Metropolitan District No.6 granting the exclusion of certain real property from the District;and it appearing to the Court that the fee owner of such property, proper Petition,a copy of which has been filed with the Clerk of this Court,requesting that such property be excluded from the District;and that the Board of Directors on November 16,2022,at the hour of 1 :1 5 p.m.,virtually at https://us02web.zoom.us/j/85843561708?pwd=RTRpREVLWTNvL3daMVd5RW9oYUJXUT09.after duly publishing notice of the filing of such Petition and of the date,place and time of such meeting,and of the name and address of the Petitioner in the Vail Daily and Eagle Valley Enterprise,newspapers of general circulation within the District,which proof of publications have been filed with the Clerk of this Court,duly granted such Petition as to all the real property {00907881.DOCX/} IN RE HAYMEADOW METROPOLITAN DISTRICT NO.6 DISTRICT COURT,EAGLE COUNTY, STATE OF COLORADO Eagle County,CO Regina O'Brien Pgs:3 Court Address:Eagle County Justice Center 885 Chambers Avenue P.O.Box 597 Eagle,CO 81631 Abrika Properties,LLC,a Florida limited liability company,filed with the Board of Directors a 202300522 01/17/2023 09:26:48 AM REC:$23.00 DOC:$0.00 OS Eagle County,Colorado Certified to ba lull,true and correct m iha rsrlfllnal In mv custody* 4^’•>? W -uj V'1V'i '-7.•,../ FILED:January 3,2O2'St$:3$'AM‘7';-'t.’Y therein described,and on such date made and entered an Order to that effect,which Order has been filed with the Clerk of this Court. IT IS THEREFORE ORDERED that the real property described in Exhibit A attached hereto and incorporated herein by this reference shall be excluded from the Haymeadow Metropolitan District No.6 DATED this 3rd day of January,20,230227 — BY THE COURT: {00907881.DOCX/} 202300522 By:p— District Court Judge EXHIBIT A PROPERTY DESCRIPTION Containing an area of 0.154 Acres,more or less. {00907881.DOCX/} 202300522 Beginning at the northwest comer,whence the northwest corner of the Haymeadow Project bears North 36°42'52"West,a distance of 2046.72 feet;thence South 10°53'51"West,a distance of 130.00 feet;thence South 79°06'09"East,a distance of 51.59 feet;thence North 1 0°53'5 1 "East, a distance of 130.00 feet;thence North 79°06'09"West,a distance of 51.59 feet to the Point of Beginning. {00969846.DOCX / 3 } 5 EXHIBIT B Senior Capital Pledge Agreement Docusign Envelope ID: 7512B3D3-FB4A-41AD-980A-67428087108A SENIOR CAPITAL PLEDGE AGREEMENT This SENIOR CAPITAL PLEDGE AGREEMENT (the “Agreement”), is made and entered into and dated as of June 1, 2023, by and among HAYMEADOW METROPOLITAN DISTRICT NO. 5 (the “Issuing District”), HAYMEADOW METROPOLITAN DISTRICT NO. 1 (“District No. 1”), HAYMEADOW METROPOLITAN DISTRICT NO. 2 (“District No. 2”), HAYMEADOW METROPOLITAN DISTRICT NO. 3 (“District No. 3”), HAYMEADOW METROPOLITAN DISTRICT NO. 4 (“District No. 4” and, together with the Issuing District, District No. 1, District No. 2 and District No. 3, the “Taxing Districts”), HAYMEADOW METROPOLITAN DISTRICT NO. 6 (the “Service District” and, together with the Issuing District, District No. 1, District No. 2, District No. 3 and District No. 4, the “Districts”), and BOKF, N.A., in its capacity as trustee under that certain Indenture of Trust (Senior) dated as of June 1, 2023, entered into with the Issuing District (the “Trustee”). The Districts are quasi-municipal corporations and political subdivisions of the State of Colorado (the “State”). RECITALS WHEREAS, the Districts are authorized by Title 32, Article 1, C.R.S. (the “Act”), to provide certain public improvements and services to and for the benefit of the properties within and without the boundaries of the Districts, in accordance with the Haymeadow Metropolitan District Nos. 1-6 Consolidated Service Plan, approved by the Board of Trustees of the Town of Eagle, Colorado (the “Town”) on July 22, 2014, as amended by the First Amendment to Consolidated Service Plan for Haymeadow Metropolitan District Nos. 1-6 approved by the Town Council of the Town on November 8, 2022 (as amended, and as may be further amended and restated from time to time, the “Service Plan”); and WHEREAS, under the Service Plan, the Districts are intended to work together and coordinate their activities with respect to the financing, acquisition construction, operation and maintenance of public improvements necessary to serve development within the Districts, which is generally anticipated to consist of residential development; and WHEREAS, in addition to the approval of the Town, the Districts were organized with the approval of the Districts’ respective electors, such approvals fully contemplating cooperation between the Districts as provided herein and in the Service Plan; and WHEREAS, pursuant to the Colorado Constitution Article XIV, Section 18(2)(a), and Section 29-1-203, Colorado Revised Statutes, as amended (“C.R.S.”), the Districts may cooperate or contract with each other to provide any function, service or facility lawfully authorized to each, and any such contract may provide for the sharing of costs, the imposition and collection of taxes, and the incurring of debt; and WHEREAS, the Service Plan has been prepared for the Districts pursuant to Part 2 of the Act, and all required governmental approvals have been obtained therefor; and WHEREAS, at elections of the qualified electors of each of the Districts, duly called and held on Tuesday, November 4, 2014 and May 2, 2023 (the “Elections” and each an “Election”), 2 in accordance with law and pursuant to due notice, a majority of those qualified to vote and voting at the Elections voted in favor of, inter alia, the issuance of indebtedness by the applicable Taxing District and the imposition of taxes for the payment thereof, for the purpose of providing certain public improvements and facilities (as more particularly defined herein, the “Facilities”), and for the refunding of such indebtedness, as follows, the questions relating thereto being as set forth in Exhibit A hereto: Purpose Election Authorized Principal Amount Street Improvements $87,000,000 Traffic and Safety Controls 87,000,000 Drainage 87,000,000 Water 87,000,000 Sewer 87,000,000 Parks and Recreation 87,000,000 Transportation 87,000,000 Mosquito Control 87,000,000 Fire Protection 87,000,000 Refunding 87,000,000 WHEREAS, the returns of each Election were duly canvassed and the results thereof duly declared; and WHEREAS, the results of each Election were certified by the applicable District by certified mail to the board of county commissioners of each county in which the District is located or to the governing body of a municipality that has adopted a resolution of approval of the special district pursuant to Section 32-1-204.5, C.R.S., and with the division of securities created by Section 11- 51-701, C.R.S., within 45 days after the applicable Election; and WHEREAS, the Boards of Directors of the Districts have previously determined that it was necessary to acquire, construct, and install a portion of the Facilities (the “Project”); and WHEREAS, for the purpose of funding or reimbursing certain costs of the Facilities, the Service District previously entered into an Advance, Acquisition and Reimbursement Agreement dated December 4, 2018 (as the same may be amended from time to time, the “Acquisition and Reimbursement Agreement”), with Abrika Properties, LLC, a Florida limited liability company (the “Developer”), pursuant to which the Service District agreed to reimburse the Developer for cash advances made to the Service District to construct the Facilities and/or acquire from the Developer any Facilities constructed (if any) for the benefit of the Districts and to reimburse the Developer for the costs of Facilities constructed on behalf of the Districts in accordance with the provisions thereof, but solely from the sources of revenue identified therein and subject to the limitations more particularly provided therein; and 3 WHEREAS, the Districts have previously entered into the Intergovernmental Agreement dated as of December 5, 2018 (the “Master IGA”) setting forth their respective obligations to finance, own, operate and maintain the Facilities; and WHEREAS, in furtherance of the Service Plan, the Districts have determined that it would be in the best interests of the Districts and the residents and the taxpayers thereof for the Issuing District to issue indebtedness for the purpose of providing Facilities (including paying amounts due or to become due under the Acquisition and Reimbursement Agreement), and for such indebtedness to be payable from property taxes of the Taxing Districts; and WHEREAS, for the purpose of financing or reimbursing a portion of the costs of Financed Facilities (defined herein) (including paying amounts due or to become due under the Acquisition and Reimbursement Agreement), the Board of Directors of the Issuing District has previously determined to issue its Limited Tax General Obligation Bonds, Series 2023, in the principal amount of $13,250,000 (the “2023 Senior Bonds”) pursuant to an Indenture of Trust (Senior) dated as of June 1, 2023 (the “Senior Indenture”) between the Issuing District and the Trustee, which 2023 Senior Bonds are to be secured by the Senior Pledged Revenue hereunder, as more particularly described herein and in the Senior Indenture; and WHEREAS, in order to provide for the payment of the 2023 Senior Bonds and certain other obligations that may be issued by the Issuing District in the future (as more particularly defined herein, the “Additional Senior Obligations”), the Taxing Districts, by the terms of this Agreement, pledged certain revenues (referred to herein as the “Senior Pledged Revenue”) to the Issuing District for the payment of the 2023 Senior Bonds and the Additional Senior Obligations, and covenanted to take certain actions with respect to generating such revenues, for the benefit of the holders of the 2023 Senior Bonds and any Additional Senior Obligations (the “Bondholders”); and WHEREAS, for the purpose of paying additional costs of Financed Facilities, the Issuing District may issue Subordinate Obligations (as defined herein) in the future; and WHEREAS, in order to provide for the payment of the Subordinate Obligations that may be issued by the Issuing District in the future, the Districts have entered into a Subordinate Capital Pledge Agreement, dated as of June 1, 2023, with the Trustee (the “Subordinate Pledge Agreement”), pursuant to which each Taxing District is obligated to impose ad valorem property taxes in an amount equal to the “Subordinate Required Mill Levy” (as defined therein) and pay the proceeds thereof to the trustee for the Subordinate Obligations, or as otherwise directed by the Issuing District; and WHEREAS, for the purpose of paying additional costs of Financed Facilities, the Issuing District may issue Junior Lien Obligations (as defined herein) in the future; and WHEREAS, in order to provide for the payment of the Junior Lien Obligations that may be issued by the Issuing District in the future, the Districts have entered into a Junior Lien Capital Pledge Agreement, dated as of June 1, 2023, with the Trustee (the “Junior Lien Pledge Agreement”), pursuant to which each Taxing District is obligated to impose ad valorem property taxes in an amount equal to the “Junior Lien Required Mill Levy” (as defined therein) and pay 4 the proceeds thereof to the trustee for the Junior Lien Obligations, or as otherwise directed by the Issuing District; and WHEREAS, the Districts have determined that the Facilities anticipated to be funded with the proceeds of the 2023 Senior Bonds, any future Subordinate Obligations and any future Junior Lien Obligations (as more particularly defined herein, the “Financed Facilities”) were generally contemplated by the Service Plan, are needed, and, due to the nature of the Financed Facilities and proximity and interrelatedness of the development anticipated to occur within the boundaries of the Districts, such Financed Facilities do or will benefit the Districts, residents, property owners and taxpayers in the Districts as a whole; and WHEREAS, the 2023 Senior Bonds are to be issued in minimum denominations of $500,000 and integral multiples of $1,000 in excess thereof, or otherwise will qualify for an exemption from registration under the Colorado Municipal Bond Supervision Act; and WHEREAS, pursuant to the provisions of Section 32-1-1101(6)(b), C.R.S., the Bonds are being issued as obligations which are payable from a limited debt service mill levy, which mill levy shall not exceed fifty (50) mills, unless otherwise permitted pursuant to the provisions of Section 32-1-1101(6), C.R.S.; and WHEREAS, pursuant to Interpretive Order No. 06-IN-001 of the Division of Securities, this Agreement is not subject to registration and does not require the filing of a claim of exemption because this Agreement represents the contractual obligation of District No. 1, District No. 2, District No. 3 and District No. 4 to pay or pledge funds to another political subdivision where such contractual obligation is specifically pledged as security or collateral for an issuance of securities that is either subject to the registration or exemption requirements of the Colorado Municipal Bond Supervision Act; and WHEREAS, the Issuing District will allocate the principal amount of the 2023 Senior Bonds to the Issuing District’s electoral authorization in accordance with the use of net proceeds of the 2023 Senior Bonds, as more particularly provided in the recitals of the Senior Indenture, and, furthermore, has determined that the Issuing District’s obligations under this Agreement (to the extent relating to the payment of the 2023 Senior Bonds) are the same and not in addition to, the Issuing District’s obligations with respect to the 2023 Senior Bonds and, accordingly, no additional electoral authorization of the Issuing District will be allocated to this Agreement in connection with the issuance of the 2023 Senior Bonds; and WHEREAS, due to the nature of the obligation incurred by the Issuing District under the Senior Indenture and hereunder, and by the other Taxing Districts hereunder, it is not possible to predict with certainty the amount of principal and interest on the 2023 Senior Bonds and Additional Obligations (if any) each Taxing District will pay hereunder, and as a result, District No. 1, District No. 2, District No. 3 and District No. 4 will each initially reserve and subsequently allocate from its Elections all of the indebtedness represented by this Agreement, based upon the principal amount of 2023 Senior Bonds payable pursuant to the terms hereof (and any Additional Obligations issued in the future) and the manner in which the Issuing District allocates the same based upon the Facilities financed by such 2023 Senior Bonds and Additional Obligations (if any); and 5 WHEREAS, the Service Plan currently limits the aggregate Debt (as such term is defined in the Service Plan) that may be issued by the Districts to $87,000,000 (the “Service Plan Debt Limit”), excluding refundings; and WHEREAS, the Districts have not previously issued Debt and, upon issuance of the 2023 Senior Bonds, the total amount of Debt (as such term is defined in the Service Plan) of the Districts subject to the Service Plan Debt Limit will not exceed $87,000,000; and WHEREAS, the Issuing District and the other Districts have determined and hereby determine that their respective obligations to pay the principal component of Financing Costs hereunder shall not, in the aggregate, exceed the par amount of the 2023 Senior Bonds, and therefore the Taxing Districts’ obligations hereunder shall, in the aggregate, count against the Service Plan Debt Limit in an amount equal to the par amount of the 2023 Senior Bonds; and WHEREAS, the Districts have determined and hereby determine that the execution of this Agreement, the issuance of the 2023 Senior Bonds and any Additional Senior Obligations, and the provision of the Financed Facilities are in the best interests of the Districts and the residents, property owners, and taxpayers thereof; and WHEREAS, all amendments to this Agreement made pursuant hereto and not in specific conflict with specific limits of the ballot questions, which authorized the indebtedness comprising the Senior Payment Obligation provided for herein, shall be deemed part of this Agreement and fully authorized by such ballot questions. COVENANTS NOW, THEREFORE, for and in consideration of the promises and the mutual covenants and stipulations herein, the parties hereby agree as follows: ARTICLE I DEFINITIONS Section 1.01. Interpretation. In this Agreement, unless the context expressly indicates otherwise, the words defined below shall have the meanings set forth below: (a) The terms “herein,” “hereunder,” “hereby,” “hereto,” “hereof” and any similar terms, refer to this Agreement as a whole and not to any particular article, section, or subdivision hereof; the term “heretofore” means before the date of execution of this Agreement, the term “now” means the date of execution of this Agreement, and the term “hereafter” means after the date of execution of this Agreement. (b) All definitions, terms, and words shall include both the singular and the plural, and all capitalized words or terms shall have the definitions set forth in Section 1.02 hereof. 6 (c) Words of the masculine gender include correlative words of the feminine and neuter genders, and words importing the singular number include the plural number and vice versa. (d) The captions or headings of this Agreement are for convenience only, and in no way define, limit, or describe the scope or intent of any provision, article, or section of this Agreement. (e) All schedules, exhibits, and addenda referred to herein are incorporated herein by this reference. Section 1.02. Definitions. As used herein, unless the context expressly indicates otherwise, the words defined below and capitalized throughout the text of this Agreement shall have the respective meanings set forth below: “Acquisition and Reimbursement Agreement” has the meaning assigned it in the recitals hereof. “Additional Senior Obligations” means any bonds, notes, certificates or obligations (including a repayment obligation under a loan agreement or similar agreement) issued or incurred by the Issuing District and designated by the Issuing District (in the applicable Additional Senior Obligation Document) as secured by a lien on all or any portion of the Senior Pledged Revenues payable hereunder; provided that such obligations are issued for the purpose of: (i) refinancing the 2023 Senior Bonds, other Additional Senior Obligations, Developer Reimbursement Obligations, or any other obligations of the Issuing District for which the Taxing Districts are obligated to impose ad valorem property taxes (including in accordance with the Subordinate Pledge Agreement), or obligations issued to refinance the same; or (ii) issued for the purpose of financing or refinancing the Financed Facilities. In addition, an obligation shall not constitute an Additional Senior Obligation hereunder unless (i) it will be issued, either: (A) in denominations of not less than $500,000 each, or (B) to “accredited investors” as defined in Section 11-59-110(1)(g) C.R.S., unless an exemption from the registration requirements of the Colorado Municipal Bond Supervision Act, or any successor statute, is otherwise available; AND (ii) it will initially be issued to financial institutions or institutional investors, or in a manner otherwise satisfying one of the conditions of Section 32-1-1101(6)(a), C.R.S., will be issued as obligations which are payable from a limited debt service mill levy, which mill levy shall not exceed fifty (50) mills as contemplated by Section 32-1-1101(6)(b), C.R.S., or will constitute a refunding or restructuring contemplated by Section 32-1-1101(6)(b) C.R.S. “Additional Senior Obligation Documents” means, collectively, any resolution, indenture, loan agreement or other instrument or agreement executed by the Issuing District pursuant to which Additional Senior Obligations are issued or incurred, and any undertaking or agreement with respect to the provision of continuing disclosure relating thereto. “Additional Taxing District Obligations” means, with respect to a particular Taxing District (other than the Issuing District), (a) all obligations of a Taxing District for borrowed money and reimbursement obligations, (b) all obligations of a Taxing District payable from or constituting a lien or encumbrance upon ad valorem tax revenues of such Taxing District, or any 7 part of the Senior Pledged Revenue, (c) all obligations of a Taxing District evidenced by bonds, debentures, notes, or other similar instruments, (d) all obligations of a Taxing District to pay the deferred purchase price of property or services, (e) all obligations of a Taxing District as lessee under leases, but excluding such obligations outstanding from time to time with respect to which the aggregate maximum repayment costs for all terms thereof do not exceed $500,000, and (f) all obligations of others guaranteed by a Taxing District; provided that notwithstanding the foregoing, the term “Additional Taxing District Obligations” does not include: (i) obligations which do not obligate a Taxing District to impose any tax, fee, or other governmental charge and either: (A) are subject to termination by a Taxing District at least annually; or (B) the repayment of which is contingent upon a Taxing District's annual determination to appropriate moneys therefor (other than leases as set forth in (e) above); (ii) obligations issued solely for the purpose of paying operations and maintenance costs of the Districts and either: (A) are subject to termination by a Taxing District at least annually; or (B) the repayment of which is contingent upon a Taxing District's annual determination to appropriate moneys therefor (other than leases as set forth in (e) above); (iii) obligations which are payable solely from the proceeds of Additional Taxing District Obligations, when and if issued; (iv) obligations payable solely from periodic, recurring service charges imposed by a Taxing District for the use of any District facility or service, which obligations do not constitute a debt or indebtedness of a Taxing District or an obligation required to be approved at an election under State law; (v) obligations with respect to which a Taxing District has irrevocably committed funds equal to the full amount due or to become due thereunder; (vi) obligations to reimburse any person in respect of surety bonds, financial guaranties, letters of credit, or similar credit enhancements so long as (A) such surety bonds, financial guaranties, letters of credit, or similar credit enhancements guarantee payment of principal or interest on any obligation permitted to be issued by a Taxing District in accordance with the provisions hereof, and (B) the reimbursement obligation does not arise unless payment of an equivalent amount (or more) of principal on the secured obligation has been made, and (C) such reimbursement obligations are payable from the same or fewer revenue sources, with the same or a subordinate lien priority as the obligations supported by the surety bonds, financial guaranties, letters of credit, or similar credit enhancements; and (vii) any payroll obligations, accounts payable, or taxes incurred or payable in the ordinary course of business of a Taxing District. “Agreement” means this Senior Capital Pledge Agreement and any amendment hereto made in accordance herewith. 8 “Annual Financing Costs” means, with respect to any calendar year, an amount equal to the principal of, premium if any, and interest on the 2023 Senior Bonds and any Additional Senior Obligations as the same become due and payable in the immediately succeeding calendar year, whether at maturity or upon earlier redemption, which may include an estimate of interest to become due if necessary, to be calculated in accordance with any Additional Senior Obligation Documents, the amount (if any) necessary to replenish or fund any reserve fund or surplus fund held under any Additional Senior Obligation Document to the amount required by the applicable Additional Senior Obligation Document, and any other Financing Costs anticipated to be payable in the immediately succeeding calendar year with respect to the 2023 Senior Bonds and any Additional Senior Obligations, in accordance with the Senior Indenture or Additional Senior Obligation Documents, as applicable, but less the amount then held under the Senior Indenture and Additional Senior Obligation Document available for the payment of such Financing Costs, and any amount of revenues projected to be available for payment of such Financing Costs, to the extent such amounts are permitted under the Senior Indenture or Additional Senior Obligation Documents, as applicable, to be taken into account in the calculation of the Senior Required Mill Levy (which, in the case of the Senior Indenture, includes only: (a) the amount on deposit in the Senior Bond Fund (held under the Senior Indenture) as of such Mill Levy Certification Date; and (b) for the last Mill Levy Certification Date prior to the final maturity date of the 2023 Senior Bonds only, amounts on deposit in the Surplus Fund). “Board” or “Boards” means the lawfully organized Boards of Directors of the Districts or any District, as the context requires. “Board of County Commissioners” means the Board of County Commissioners for Eagle County, Colorado. “Colorado Municipal Bond Supervision Act” means Title 11, Article 59, Part 1, C.R.S. “Developer” means Abrika Properties, LLC, a Florida limited liability company, its successors and assigns. “Developer Reimbursement Obligations” means any note, bond or other instrument issued by a District to or at the direction of the Developer in payment of amounts due and owing under the Acquisition and Reimbursement Agreement, solely to the extent relating to costs of Financed Facilities (provided that the issuance of any such obligation is subject to the limitations hereof). “District No. 1” means Haymeadow Metropolitan District No. 1, in the Town of Eagle, Eagle County, Colorado. “District No. 2” means Haymeadow Metropolitan District No. 2, in the Town of Eagle, Eagle County, Colorado. “District No. 3” means Haymeadow Metropolitan District No. 3, in the Town of Eagle, Eagle County, Colorado. 9 “District No. 4” means Haymeadow Metropolitan District No. 4, in the Town of Eagle, Eagle County, Colorado. “Districts” means, collectively, the District, District No. 1, District No. 2, District No. 3, District No. 4 and the Service District, including any duly authorized representative, officer, director, employee, agent, engineer or attorney of any such District, if applicable. “Facilities” means public facilities, improvements and infrastructure the debt for which was approved at the Elections, including without limitation necessary or appropriate equipment. “Financed Facilities” means the Facilities authorized by the Elections described herein, and constructed by the Service District and/or accepted by adoption of resolutions of the Board of the Service District for the financing and reimbursement of the Facilities, and any additional Facilities authorized by the Elections and which each of the Districts has found and determined by execution of the Master IGA is in the nature of community improvements intended for the general direct or indirect benefit of the planned residential community within the Districts, and constitutes improvements for which the applicable District is authorized to issue indebtedness and (in the case of the Taxing Districts) impose ad valorem property taxes in accordance with the Elections and the Service Plan, and the payment of such costs of the Facilities is in furtherance of the purposes for which the applicable District was formed. “Financing Costs” means the principal and redemption price of, and interest and premium on, the 2023 Senior Bonds and any Additional Senior Obligations, required deposits to or replenishments of funds or accounts securing the 2023 Senior Bonds and any Additional Senior Obligations, and customary fees and expenses relating to the 2023 Senior Bonds and any Additional Senior Obligations, all in accordance with the Senior Indenture or Additional Senior Obligation Documents, as applicable, including: (a) with respect to the 2023 Senior Bonds, the principal and interest components of any mandatory redemption payments as provided in the Senior Indenture, funding of the Surplus Fund (solely to the extent required by the Senior Indenture), and customary fees related to the issuance of the 2023 Senior Bonds (including, but not limited to, fees of a trustee, paying agent, and rebate agent); and (b) with respect to any Additional Senior Obligations, any scheduled mandatory or cumulative sinking fund payments and any extraordinary redemption amounts to the extent provided in the Additional Senior Obligation Documents and replenishment of any reserves and funding of any surplus funds relating to the Additional Senior Obligations, customary fees related to the issuance of the Additional Senior Obligations (including, but not limited to, fees of a trustee, paying agent, rebate agent, and provider of liquidity or credit facility), and any reimbursement due to a provider of liquidity or credit facility securing any Additional Senior Obligations. Where used in describing the permitted uses by the Issuing District of the Senior Pledged Revenue, “Financing Costs” also includes the payment of the principal and redemption price of, and interest on, any obligation issued by any District to fund the Financed Facilities. “Issuing District” means Haymeadow Metropolitan District No. 5, in the Town of Eagle, Eagle County, Colorado. 10 “Junior Lien Obligations” means a Taxing District’s obligations under any bonds, notes, or other obligations payable in whole or in part from, or constituting a lien upon, the general ad valorem taxes of such Taxing District on a basis subordinate to its Subordinate Obligation. “Junior Lien Pledge Agreement” means the Junior Capital Pledge Agreement, dated as of June 1, 2023, by and among the Districts. “Master IGA” means the Intergovernmental Agreement by and among the Districts dated as of December 5, 2018. “Mill Levy Certification Date” means the date each year on which a Taxing District is required to impose the Senior Required Mill Levy in accordance with the provisions hereof. “Permitted Subordinate Obligations” means the Subordinate Pledge Agreement, the Junior Lien Pledge Agreement and any other Subordinate Obligations which satisfy all of the following: (i) the aggregate number of mills which a Taxing District promises to impose for payment of the proposed Subordinate Obligations and all other Subordinate Obligations then outstanding does not exceed 50 mills less the Senior Required Mill Levy then required to be imposed hereunder for the payment of the 2023 Senior Bonds and any Additional Senior Obligations; (ii) the failure to make a payment when due on the Subordinate Obligations does not constitute an event of default thereunder; and (iii) the Subordinate Obligations are payable as to both principal and interest only on an annual basis, on or after December 15 of each calendar year. “Senior Indenture” means the Indenture of Trust (Senior) dated as of June 1, 2023, by and between the Issuing District and BOKF, N.A., as trustee “Senior Payment Obligation” with respect to each Taxing District means, collectively, the obligations of such Taxing District to pay its allocated portion of the Financing Costs with respect to each of the 2023 Senior Bonds and any Additional Senior Obligations in accordance with the provisions hereof, but solely from its Senior Pledged Revenue, to the extent available, it being recognized that each such obligation shall arise hereunder upon the issuance of the 2023 Senior Bonds or Additional Senior Obligation with respect to which such obligation relates. “Senior Pledged Revenue” means the following: (a) all Senior Property Tax Revenues; and (b) all Senior Specific Ownership Tax Revenues. “Senior Property Tax Revenues” means all moneys derived from imposition by the Taxing Districts of the Senior Required Mill Levy. Senior Property Tax Revenues are net of the collection costs of the County and any tax refunds or abatements authorized by or on behalf of the County. (For the avoidance of doubt, Senior Property Tax Revenues does not include specific ownership tax revenues.) “Senior Required Mill Levy” means, for each Taxing District: 11 (a) subject to paragraph (b) below, an ad valorem mill levy (a mill being equal to 1/10 of 1 cent) imposed upon all taxable property of the Taxing Districts each year in sufficient to fund the Bond Fund for the relevant Bond Year and pay the Bonds as they come due in an amount up to 50 mills; provided, however, that in the event that the maximum mill levy calculated pursuant to clause (i) is different for the Taxing Districts: (A) the actual mill levies imposed by each Taxing District shall be the same if sufficient to generate the amount of Senior Property Tax Revenues required and if not in excess of the 50 mill maximum levy of any Taxing District, and (B) if the actual mill levies necessary to generate the amount of Senior Property Tax Revenues required would exceed the 50 mill maximum levy of any Taxing District, then the Taxing District with the lowest 50 mill maximum levy shall impose such amount, and the other Taxing Districts shall impose a mill levy sufficient to generate the amount of Senior Property Tax Revenues required (but not in excess of such Taxing District’s 50 mill maximum levy); (b) notwithstanding anything herein to the contrary, in no event may the Senior Required Mill Levy for a Taxing District be established at a mill levy which would cause such Taxing District to derive tax revenue in any year in excess of the maximum tax increases permitted by such Taxing District’s electoral authorization, and if the Senior Required Mill Levy as calculated pursuant to the foregoing would cause the amount of taxes collected in any year to exceed the maximum tax increase permitted by such Taxing District’s electoral authorization, the Senior Required Mill Levy shall be reduced to the point that such maximum tax increase is not exceeded. “Senior Specific Ownership Tax Revenues” means the specific ownership taxes remitted to the Taxing Districts pursuant to Section 42-3-107, C.R.S., or any successor statute, as a result of their imposition of the Senior Required Mill Levy in accordance with the provisions hereof. “Service District” means Haymeadow Metropolitan District No. 6, in the Town of Eagle, Eagle County, Colorado. “Service Plan” means the Haymeadow Metropolitan District Nos. 1-6 Consolidated Service Plan, approved by the Board of Trustees of the Town on July 22, 2014, as amended by the First Amendment to Consolidated Service Plan for Haymeadow Metropolitan District Nos. 1- 6 approved by the Town Council of the Town on November 8, 2022, as the same may be further amended or restated from time to time. “State” means the State of Colorado. “Subordinate Obligations” means a Taxing District’s obligations under any bonds, notes, or other obligations payable in whole or in part from, or constituting a lien upon, the general ad valorem taxes of such Taxing District on a basis subordinate to its Senior Payment Obligation hereunder. “Subordinate Pledge Agreement” means the Subordinate Capital Pledge Agreement, dated as of June 1, 2023, by and among the Districts and the Trustee. 12 “Supplemental Act” means the “Supplemental Public Securities Act,” being Title 11, Article 57, Part 2, C.R.S., as amended. “Taxing Districts” means, collectively, the Issuing District, District No. 1, District No. 2, District No. 3 and District No. 4, including any duly authorized representative, officer, director, employee, agent, engineer or attorney of any such Taxing District, if applicable. “Termination Date” means the earlier of: (i) the date on which all amounts due with respect to the 2023 Senior Bonds and any Additional Senior Obligations have been defeased or paid in full; or (ii) December 2, 2062. In no event shall a Taxing District be obligated to impose any portion of the Senior Required Mill Levy after tax levy year 2061 (for collection in calendar year 2062), notwithstanding any other provision contained herein. “Town” means the Town of Eagle, Colorado. “2023 Senior Bonds” means the Issuing District’s Limited Tax General Obligation Bonds, Series 2023, issued pursuant to the Senior Indenture. ARTICLE II PAYMENT OBLIGATION Section 2.01. No Additional Electoral Approval Required. The authorization for issuance of debt, fiscal year spending, revenue collections and other constitutional matters requiring voter approval for purposes of this Agreement, was approved at the respective Election held by the Districts in accordance with law and pursuant to due notice. The performance of the terms of this Agreement requires no further electoral approval. Section 2.02. Funding of Financing Costs Generally. (a) In exchange for the purchase by the Bondholders of the 2023 Senior Bonds and any Additional Senior Obligations, the proceeds of which are to be applied to the provision of the Financed Facilities, each Taxing District (including the Issuing District) hereby agrees to pay such portion of the Financing Costs as may be funded with the Senior Pledged Revenue available to it, in accordance with the provisions hereof. (b) The obligation of each Taxing District to pay its portion of the Financing Costs as provided herein shall constitute a limited tax general obligation of such Taxing District payable solely from and to the extent of the Senior Pledged Revenue available to it. The obligation of each Taxing District to pay the Financing Costs as provided herein (the “Senior Payment Obligation”) shall constitute an irrevocable lien upon the Senior Pledged Revenue and the Senior Pledged Revenue of each Taxing District is hereby pledged to the payment thereof. The Senior Payment Obligation of the Issuing District hereunder is the same, and not in addition to, its obligation under the Senior Indenture and any Additional Senior Obligation Document to which the Issuing District is a party. The Districts hereby elect to apply all of the provisions of the Supplemental Act to this Agreement except for Section 11-57-211 of the Supplemental Act and the Senior Payment Obligation. 13 (c) In no event shall the total or annual obligations of any Taxing District hereunder exceed the maximum amounts permitted under such Taxing District’s electoral authority and any other applicable law. The entire Senior Payment Obligation of each Taxing District will be deemed defeased and no longer outstanding upon the earlier to occur of the payment by such Taxing District of such amount or the Termination Date. (d) Because the actual total Senior Pledged Revenue payable by each Taxing District hereunder cannot be determined with any certainty at this time, the Taxing Districts shall not be permitted to pre-pay any amounts due hereunder. Section 2.03. Imposition of Senior Required Mill Levy. (a) In order to fund their respective Senior Payment Obligations, each Taxing District (including the Issuing District) agrees to levy on all of the taxable property in such Taxing District, in addition to all other taxes, direct annual taxes in 2023, and in each year thereafter, so long as the 2023 Senior Bonds or Additional Senior Obligations remain outstanding (subject to paragraph (b) below), to the extent necessary to provide for payment of the Financing Costs, in the amount of the applicable Senior Required Mill Levy. Nothing herein shall be construed to require a Taxing District to impose an ad valorem property tax levy for the payment of the Senior Payment Obligation in excess of the applicable Senior Required Mill Levy or after the Termination Date. (b) NOTWITHSTANDING ANY OTHER PROVISIONS HEREIN, THE TAXING DISTRICTS SHALL NOT BE REQUIRED TO IMPOSE THE SENIOR REQUIRED MILL LEVY FOR PAYMENT OF THE 2023 SENIOR BONDS OR ANY ADDITIONAL SENIOR OBLIGATIONS AFTER DECEMBER 2061 (FOR COLLECTION IN CALENDAR YEAR 2062). (c) In order to facilitate the determination of the Senior Required Mill Levy, each of the Taxing Districts shall provide to the Issuing District and the Service District: (i) on or before September 30 of each year, commencing September 30, 2023, the preliminary certification of assessed value for such Taxing District provided by the Eagle County Assessor; and (ii) no later than one business day after receipt by each Taxing District, the final certified assessed value for such Taxing District, provided by the Eagle County Assessor (expected to be provided by the Eagle County Assessor no later than December 10 of each year). In accordance with the definition of Senior Required Mill Levy set forth herein, the Issuing District shall preliminarily determine, and provide to the Taxing Districts, the Senior Required Mill Levy for each Taxing District no later than October 15 of each year, and shall finally determine, and provide to the Taxing Districts, the Senior Required Mill Levy for each Taxing District no later than December 12 of each year. (d) Each District acknowledges that it has actively participated in the development of the calculation for determining the Senior Required Mill Levy for each Taxing District, that such calculation and such provisions are designed to reasonably allocate among the Taxing Districts the Financing Costs based on the mutual benefit to the Taxing Districts of the Financed Facilities and the relative ability of such Taxing 14 Districts, dependent upon the relative stages of development therein, to fund such Financing Costs in any given year and that, so long as made in accordance with the foregoing, the determinations of the Issuing District as to the Senior Required Mill Levy for each Taxing District shall be final and binding upon each Taxing District. (e) This Section 2.03 is hereby declared to be the certificate of each Taxing District to the Board of County Commissioners indicating the aggregate amount of taxes to be levied (in the amount of the applicable Senior Required Mill Levy) for the purposes of paying the Senior Payment Obligation due hereunder. (f) It shall be the duty of each Taxing District annually at the time and in the manner provided by law for the levying of its taxes, if such action shall be necessary to effectuate the provisions of this Agreement, to ratify and carry out the provisions hereof with reference to the levy and collection of the ad valorem property taxes herein specified, and to require the officers of such Taxing District to cause the appropriate officials of Eagle County, to levy, extend and collect said ad valorem taxes in the manner provided by law for the purpose of providing funds for the payment of the amounts to be paid hereunder promptly as the same, respectively, become due. Said taxes, when collected, shall be applied only to the payment of the amounts to be paid hereunder. No collection costs shall be deducted from such taxes, other than collection costs imposed by the County Treasurer pursuant to State law. (g) Said taxes shall be levied, assessed, collected, and enforced at the time and in the form and manner and with like interest and penalties as other general taxes in the State. (h) The Taxing Districts hereby agree to cooperate in the amendment of this Agreement to modify the definition of Senior Required Mill Levy if necessary, in the determination of the Issuing District, to facilitate the issuance of Additional Senior Obligations by the Issuing District. (i) No Taxing District shall take any action, or allow any action to be taken, which impairs the Senior Pledged Revenue. (j) Each Taxing District shall pursue all reasonable remedies to collect, or cause the collection of, delinquent ad valorem taxes within its boundaries. (k) The parties hereto acknowledge that the Taxing Districts may be obligated to impose additional property taxes for the payment of operation and maintenance costs, subject to the limitations hereof. This Agreement shall not operate to limit such obligations except as specifically set forth herein. Section 2.04. Payment and Application of Senior Pledged Revenue. (a) Each Taxing District hereby agrees to remit to the Trustee, or as otherwise directed by the Issuing District (subject to the limitations and requirements of the Senior Indenture and any Additional Senior Obligation Documents) as soon as practicable upon receipt, and in no event later than the 15th day of the calendar month immediately 15 succeeding the calendar month in which such revenue is received by the applicable Taxing District, all revenues comprising Senior Pledged Revenue (if and to the extent received or controlled by such Taxing Districts), which Senior Pledged Revenue shall be applied by the Trustee or other recipient thereof to Financing Costs, in accordance with the Senior Indenture or Additional Senior Obligation Documents, as applicable; provided, however, that in the event that the total amount of Senior Pledged Revenue received by a Taxing District in a calendar month is less than $50,000, the Senior Pledged Revenue received in such calendar month may instead be remitted to the Trustee no later than the 15th day of the calendar month immediately succeeding the calendar quarter in which such revenue is received by such Taxing District (i.e., no later than April 15th for Senior Pledged Revenue received in January, February or March, no later than July 15th for Senior Pledged Revenue received in April, May or June, no later than October 15th for Senior Pledged Revenue received in July, August or September, and no later than January 15th for Senior Pledged Revenue received in October, November or December). IN NO EVENT IS A TAXING DISTRICT PERMITTED TO APPLY ANY PORTION OF THE SENIOR PLEDGED REVENUE TO ANY OTHER PURPOSE, OR TO WITHHOLD ANY PORTION OF THE SENIOR PLEDGED REVENUE. To the extent any portion of such Senior Pledged Revenue is released from the lien of the Senior Indenture and Additional Senior Obligation Documents (if any), the Issuing District and the Service District will continue to ensure that such revenues are applied to Financing Costs and any other costs of the Facilities, it being acknowledged that in no event would such excess revenue exceed the dollar amount equal to the revenues that would be generated from an annual imposition of an ad valorem property tax levy of 50 mills (without adjustment) on the assessed valuation of each Taxing District. Senior Pledged Revenue shall be paid in lawful money of the United States of America by check mailed or delivered, or by wire transfer, or such other method as may be mutually agreed to by the Districts. (b) Each Taxing District hereby covenants that all property tax revenue collected by such Taxing District from, or relating to, a debt service mill levy, or so much thereof as is needed, shall first, be designated as Senior Pledged Revenue in any Bond Year (as defined in the Senior Indenture or other applicable Additional Senior Obligation Documents) to pay annual debt service on the 2023 Senior Bonds and any Additional Senior Obligations and to fund such funds and accounts as are required in accordance with the terms of the Senior Indenture or other applicable Additional Senior Obligation Documents (including to fill the Surplus Fund to the Maximum Surplus Amount, to fill any surplus fund for any Additional Senior Obligations to the required amount, if any, under the applicable Additional Senior Obligation Documents, and to replenish any reserve fund or account securing Additional Senior Obligations to the requisite level, if needed), and only after the funding of such payments and accumulations required in such Bond Year can property tax revenue from, or relating to, a debt service mill levy be applied to pay any Subordinate Obligations (including under the Subordinate Pledge Agreement). The debt service property tax levy imposed for the payment of any Subordinate Obligations (including under the Subordinate Pledge Agreement) shall be deemed reduced to the number of mills (if any) available for payment of such obligation in any Bond Year after first providing for the full payment and accumulation of all amounts due on the 2023 Senior Bonds and any Additional Senior Obligations in such Bond Year. 16 Section 2.05. Effectuation of Pledge of Security, Current Appropriation. The sums herein required to pay the amounts due hereunder are hereby appropriated for that purpose, and said amounts for each year shall be included in the annual budget and the appropriation resolution or measures to be adopted or passed by the Board of each Taxing District each year while any of the obligations herein authorized are outstanding and unpaid. No provisions of any constitution, statute, resolution or other order or measure enacted after the execution of this Agreement shall in any manner be construed as limiting or impairing the obligation of each Taxing District to levy ad valorem property taxes, or as limiting or impairing the obligation of each Taxing District to levy, administer, enforce and collect the ad valorem property taxes as provided herein for the payment of the obligations hereunder. In addition, and without limiting the generality of the foregoing, the obligations of each Taxing District to transfer funds as described herein for each payment described herein shall survive any Court determination of the invalidity of this Agreement as a result of a failure, or alleged failure, of any of the directors of the Districts to properly disclose, pursuant to State law, any potential conflicts of interest related hereto in any way, provided that such disclosure is made on the record of Districts’ meetings as set forth in their official minutes. Section 2.06. Limited Defenses; Specific Performance. It is understood and agreed by each District that its obligations hereunder are absolute, irrevocable, and unconditional except as specifically stated herein, and so long as any obligation of a District hereunder remains unfulfilled, such District agrees that notwithstanding any fact, circumstance, dispute, or any other matter, it will not assert any rights of setoff, counterclaim, estoppel, or other defenses to its Senior Payment Obligation, or take or fail to take any action which would delay a payment to, or on behalf of, the Issuing District, the Trustee, or any Bondholders or impair the ability of the Issuing District, the Trustee, or any Bondholders to receive payments due hereunder. Notwithstanding that this Agreement specifically prohibits and limits defenses and claims of the Districts, in the event that a District believes that it has valid defenses, setoffs, counterclaims, or other claims other than specifically permitted by this Section 2.06, it shall, nevertheless, make all payments as described herein and then may attempt or seek to recover such payments by actions at law or in equity for damages or specific performance, respectively. Section 2.07. Impact of Exclusion of Property. The parties to this Agreement hereby agree that this Agreement constitutes “indebtedness” as contemplated by Section 32-1-503, C.R.S. Any property excluded from a Taxing District after the date hereof is to remain liable for the imposition of the Senior Required Mill Levy and payment of the proceeds thereof in accordance with the provisions hereof, to the same extent as such property otherwise remains liable for the debt of such Taxing District, as provided in Section 32-1-503, C.R.S. In the event that any order providing for the exclusion of property from a Taxing District does not so provide and specifically indicate the liability of such excluded property for the obligations set forth herein, each Taxing District hereby agrees to take all actions necessary to cause the property owners of such proposed excluded property to covenant to assume all responsibilities under this Agreement, which covenants shall run with the land and shall be in a form satisfactory to the Issuing District. Section 2.08. Additional Covenants. 17 (a) Each District (excluding the Issuing District) covenants that it will not issue or incur any Additional Taxing District Obligation without the prior consent of the Issuing District and the Service District; provided, however, that Permitted Subordinate Obligations may be issued with only the consent of the Service District. (b) The Taxing Districts shall not impose, in any given year, an administrative, operations and maintenance mill levy in excess of the maximum administrative, operations and maintenance mill levy then permitted by the Service Plan, taking into account the Senior Required Mill Levy and any other debt service mill levy then imposed by the Taxing Districts. However, for purposes of clarification, it is acknowledged that the proceeds of any general property tax levy imposed to pay current administrative, operations and maintenance shall not be payable to the Issuing District pursuant to this Agreement, shall not be payable to the Trustee (or other entity designated by the Issuing District) and shall not be subject to the lien of this Agreement. (c) At least once a year, each Taxing District will either cause an audit to be performed of the records relating to its revenues and expenditures or, if applicable under State statute, will apply for an audit exemption, and each Taxing District shall use its best commercially reasonable efforts to have such audit report or application for audit exemption completed no later than September 30 of each calendar year. The foregoing covenant shall apply notwithstanding any different time requirements for the completion of such audit or application for audit exemption under State law. In addition, at least once a year in the time and manner provided by law, each Taxing District will cause a budget to be prepared and adopted. Copies of the budget and the audit or audit exemption will be filed and recorded in the places, time, and manner provided by law. With respect to the obligations of the Issuing District under this paragraph, in the event of any conflicts between the provisions hereof or the provisions of the Senior Indenture or any Additional Senior Obligations Documents, the provisions of the Senior Indenture and any Additional Senior Obligations Documents shall control. (d) Each District agrees to provide the Issuing District with information promptly upon request by the Issuing District necessary for the Issuing District to comply on an ongoing basis with any continuing disclosure requirements of the Issuing District in connection with the issuance of any Additional Senior Obligations. (e) Unless in response to a specific covenant violation, nuisance or similar condition, each District agrees that it shall not impose any rates, tolls, fees or other charges on vacant lots or other undeveloped property within or without its boundaries in excess of the rates, tolls, fees or other charges applicable to developed residential lots or engage in any other act or omission that may impair future development in a manner that could adversely affect the amount of any Taxing District’s Senior Pledged Revenue or delay the timing of any Taxing District’s receipt of Senior Pledged Revenue or remittance thereof to the Trustee in accordance with the provisions hereof. (f) Any Senior Pledged Revenue that remains after satisfaction in full of the Bonds, Additional Senior Obligations, Subordinate Obligations and Junior Lien Obligations shall be due and payable to the Service District under the Master IGA. In the 18 event that any Senior Pledged Revenue is available to be disbursed in accordance with the preceding sentence, the Districts will, in making their determination as to the application of such amounts, take into account that State law places certain restrictions upon the use of any moneys representing ad valorem property tax revenue from a debt service mill levy, and any then-existing pledge or encumbrance on such revenues. For purposes of determining the nature of the Senior Pledged Revenue available for disbursement pursuant to the first sentence of this subsection, the Senior Pledged Revenue shall be deemed to be funded, first, from Senior Property Tax Revenues resulting from imposition of the Senior Required Mill Levy, and second, from Senior Specific Ownership Tax revenues resulting from imposition of the Senior Required Mill Levy. ARTICLE III REPRESENTATIONS AND WARRANTIES Section 3.01. Representations and Warranties of the Districts. Each of the Districts hereby makes the following representations and warranties with respect to itself: (a) The District is a quasi-municipal corporation and political subdivision duly organized and validly existing under the laws of the State. (b) The District has all requisite corporate power and authority to execute, deliver, and to perform its obligations under this Agreement. The District’s execution, delivery, and performance of this Agreement have been duly authorized by all necessary action. (c) The District is not in violation of any of the applicable provisions of law or any order of any court having jurisdiction in the matter, which violation could reasonably be expected to materially adversely affect the ability of the District to perform its obligations hereunder. The execution, delivery and performance by the District of this Agreement (i) will not violate any provision of any applicable law or regulation or of any order, writ, judgment, or decree of any court, arbitrator, or governmental authority, (ii) will not violate any provision of any document or agreement constituting, regulating, or otherwise affecting the operations or activities of the District in a manner that could reasonably be expected to result in a material adverse effect on the District’s ability to perform its obligations under this Agreement, and (iii) will not violate any provision of, constitute a default under, or result in the creation or imposition of any lien, mortgage, pledge, charge, security interest, or encumbrance of any kind on any of the revenues or other assets of the District pursuant to the provisions of any mortgage, indenture, contract, agreement, or other undertaking to which the District is a party or which purports to be binding upon the District or upon any of its revenues or other assets which could reasonably be expected to result in a material adverse effect on the District’s ability to perform its obligations under this Agreement. 19 (d) The District has obtained all consents and approvals of, and has made all registrations and declarations with any governmental authority or regulatory body required for the execution, delivery, and performance by the District of this Agreement. (e) There is no action, suit, inquiry, investigation, or proceeding to which the District is a party, at law or in equity, before or by any court, arbitrator, governmental or other board, body, or official which is pending or, to the best knowledge of the District threatened, in connection with any of the transactions contemplated by this Agreement nor, to the best knowledge of the District is there any basis therefor, wherein an unfavorable decision, ruling, or finding could reasonably be expected to have a material adverse effect on the validity or enforceability of, or the authority or ability of the District to perform its obligations under, this Agreement. (f) This Agreement constitutes the legal, valid, and binding obligation of the District, enforceable against the District in accordance with its terms (except as such enforceability may be limited by bankruptcy, moratorium, or other similar laws affecting creditors’ rights generally and provided that the application of equitable remedies is subject to the application of equitable principles). ARTICLE IV NON-COMPLIANCE AND REMEDIES Section 4.01. Events of Non-Compliance. The occurrence or existence of any one or more of the following events shall be an “Event of Non-Compliance” hereunder, and there shall be no default or Event of Non-Compliance hereunder except as provided in this Section: (a) any Taxing District fails or refuses to impose the Senior Required Mill Levy or to remit the Senior Pledged Revenue as required by the terms of this Agreement; (b) any representation or warranty made by any party in this Agreement proves to have been untrue or incomplete in any material respect when made and which untruth or incompletion would have a material adverse effect upon any other party; (c) any party fails in the performance of any other of its covenants in this Agreement, and such failure continues for 30 days after written notice specifying such default and requiring the same to be remedied is given to any of the parties hereto; or (d) (i) any party shall commence any case, proceeding, or other action (A) under any existing or future law of any jurisdiction relating to bankruptc y, insolvency, reorganization, or relief of debtors, seeking to have an order for relief entered with respect to it or seeking to adjudicate it insolvent or a bankrupt or seeking reorganization, arrangement, adjustment, winding up, liquidation, dissolution, composition, or other relief with respect to it or its debts, or (B) seeking appointment of a receiver, trustee, custodian, or other similar official for itself or for any substantial part of its property, or any party shall make a general assignment for the benefit of its creditors; or (ii) there shall be commenced against any party any case, proceeding, or other action of a nature referred to in clause (i) and the same shall remain not dismissed within 90 days following 20 the date of filing; or (iii) there shall be commenced against any party any case, proceeding, or other action seeking issuance of a warrant of attachment, execution, distraint, or similar process against all or any substantial part of its property which results in the entry of an order for any such relief which shall not have been vacated, discharged, stayed, or bonded pending appeal within 90 days from the entry thereof; or (iv) any party shall take action in furtherance of, or indicating its consent to, approval of, or acquiescence in, any of the acts set forth in clause (i), (ii) or (iii) above; or (v) any party shall generally not, or shall be unable to, or shall admit in writing its inability to, pay its debts as they become due. WITHOUT LIMITING THE FOREGOING, AND NOTWITHSTANDING ANY OTHER PROVISION CONTAINED HEREIN, EACH TAXING DISTRICT ACKNOWLEDGES AND AGREES THAT THE APPLICATION OF ANY PORTION OF THE SENIOR PLEDGED REVENUE TO ANY PURPOSE OTHER THAN DEPOSIT WITH THE TRUSTEE OR AS OTHERWISE DIRECTED BY THE ISSUING DISTRICT IN ACCORDANCE WITH THE PROVISIONS HEREOF CONSTITUTES A VIOLATION OF THE TERMS OF THIS PLEDGE AGREEMENT AND A BREACH OF THE COVENANTS MADE HEREUNDER FOR THE BENEFIT OF THE BONDHOLDERS OF THE 2023 SENIOR BONDS AND ANY ADDITIONAL SENIOR OBLIGATIONS, WHICH SHALL ENTITLE THE ISSUING DISTRICT, THE SERVICE DISTRICT AND THE TRUSTEE TO PURSUE, ON BEHALF OF BONDHOLDERS OF THE 2023 SENIOR BONDS AND ANY ADDITIONAL SENIOR OBLIGATIONS, ALL AVAILABLE ACTIONS AGAINST EACH TAXING DISTRICT IN LAW OR IN EQUITY, AS MORE PARTICULARLY PROVIDED IN SECTION 4.02 HEREOF. EACH TAXING DISTRICT FURTHER ACKNOWLEDGES AND AGREES THAT THE APPLICATION OF SENIOR PLEDGED REVENUE IN VIOLATION OF THE COVENANTS HEREOF WILL RESULT IN IRREPARABLE HARM TO THE BONDHOLDERS OF THE 2023 SENIOR BONDS AND ANY ADDITIONAL SENIOR OBLIGATIONS. IN NO EVENT SHALL ANY PROVISION HEREOF BE INTERPRETED TO PERMIT A TAXING DISTRICT TO RETAIN ANY PORTION OF THE SENIOR PLEDGED REVENUE. Section 4.02. Remedies For Events of Non-Compliance. Upon the occurrence and continuance of an Event of Non-Compliance, any party may proceed to protect and enforce its rights against the party or parties causing the Event of Non-Compliance by mandamus or such other suit, action, or special proceedings in equity or at law, in any court of competent jurisdiction, including an action for specific performance. In the event of any litigation or other proceeding to enforce any of the terms, covenants or conditions hereof, the prevailing party in such litigation or other proceeding shall obtain, as part of its judgment or award, its reasonable attorneys’ fees and costs. In no event shall any party be entitled to consequential or punitive damages. Nothing in this Agreement shall be construed as a waiver by any of the Districts of the protections and privileges of the Colorado Governmental Immunity Act (Title 24, Article 10, C.R.S.). ARTICLE V MISCELLANEOUS 21 Section 5.01. Pledge of Revenue. The creation, perfection, enforcement, and priority of the pledge of Senior Pledged Revenue by each Taxing District to secure or pay the Senior Payment Obligation shall be governed by Section 11-57-208 of the Supplemental Act and this Agreement. The Senior Pledged Revenue shall immediately be subject to the lien of such pledge without any physical delivery, filing, or further act. The lien of such pledge shall be valid, binding, and enforceable as against all persons having claims of any kind in tort, contract, or otherwise against any of the Taxing Districts irrespective of whether such persons have notice of such liens. Section 5.02. No Recourse against Officers and Agents. Pursuant to Section 11-57- 209 of the Supplemental Act, if a member of the Board of a District, or any officer or agent of a District acts in good faith, no civil recourse shall be available against such member, officer, or agent for payment of the Senior Payment Obligation. Such recourse shall not be available either directly or indirectly through the Board of a District, or otherwise, whether by virtue of any constitution, statute, rule of law, enforcement of penalty, or otherwise. By the acceptance of this Agreement and as a part of the consideration hereof, each of the Districts and the Trustee specifically waives any such recourse. Section 5.03. Conclusive Recital. Pursuant to Section 11-57-210 of the Supplemental Act, this Agreement contains a recital that it is issued pursuant to certain provisions of the Supplemental Act, and such recital is conclusive evidence of the validity and the regularity of this Agreement after its delivery for value. Section 5.04. Limitation of Actions. Pursuant to Section 11-57-212 of the Supplemental Act, no legal or equitable action brought with respect to any legislative acts or proceedings in connection with the authorization, execution, or delivery of this Agreement shall be commenced more than 30 days after the authorization of this Agreement. Section 5.05. Consent of Service District. Pursuant to Section 3 of the Master IGA, the Service District hereby grants its consent to the execution of this Agreement by the Taxing Districts and to the issuance of the 2023 Senior Bonds by the Issuing District. Section 5.06. Notices. Except as otherwise provided herein, all notices or payments required to be given under this Agreement shall be in writing and shall be hand delivered or sent by certified mail, return receipt requested, or air freight, to the following addresses: If to the Districts: Haymeadow Metropolitan District Nos. 1-6 c/o Cockrel Ela Glesne Greher & Ruhland, P.C. 44 Cook Street, Suite 620 Denver, Colorado 80206 Attention: David Greher Email: dgreher@cegrlaw.com If to the Trustee: BOKF, N.A. c/o BOK Financial 1600 Broadway, 26th Floor Denver, Colorado 80202 22 Attention: Corporate Trust Services Email: CTDenver@bokf.com All notices or documents delivered or required to be delivered under the provisions of this Agreement shall be deemed received one day after hand delivery or three days after mailing. Any District by written notice so provided may change the address to which future notices shall be sent. Section 5.07. Rights of Trustee. Notwithstanding any other provision herein, at such time as no amounts remain due and owing under the Senior Indenture or any Additional Senior Obligation Document to which the Trustee is a party, all rights of the Trustee hereunder (including, but not limited to, the right to consent to any amendment hereto as a party hereof), shall terminate and be of no force or effect without further action by the parties hereto. Section 5.08. Agreement Issued to the Trustee. It is hereby acknowledged by the Issuing District and by each of the other Districts that the financial obligations incurred by the Taxing Districts pursuant to this Agreement are being issued to the Trustee, as the sole beneficiary of such obligations (for and on behalf of the investors that hold the 2023 Senior Bonds or any Additional Senior Obligations). Section 5.09. Required Debt Instrument Disclosure. By acceptance of this Agreement, the Trustee agrees and consents, as the sole beneficiary of such obligations (for and on behalf of the investors that hold the 2023 Senior Bonds or any Additional Senior Obligations) to all of the limitations in respect of the payment of principal and interest due on the Senior Payment Obligation hereunder, in the resolutions of the Districts authorizing this Agreement and in the Service Plan, which limitations are reflected herein in the “Senior Required Mill Levy” and “Termination Date” definitions. The Senior Payment Obligation is not and cannot be a Debt of the Town of Eagle. Section 5.10. Miscellaneous. (a) This Agreement constitutes the final, complete, and exclusive statement of the terms of the agreement between the parties pertaining to the subject matter of this Agreement and supersedes all prior and contemporaneous understandings or agreements of the parties. This Agreement may not be contradicted by evidence of any prior or contemporaneous statements or agreements. No party has been induced to enter into this Agreement by, nor is any party relying on, any representation, understanding, agreement, commitment, or warranty outside those expressly set forth in this Agreement. (b) If any term or provision of this Agreement is determined to be illegal, unenforceable, or invalid in whole or in part for any reason, such illegal, unenforceable, or invalid provisions or part thereof shall be stricken from this Agreement, and such provision shall not affect the legality, enforceability, or validity of the remainder of this Agreement. If any provision or part thereof of this Agreement is stricken in accordance with the provisions hereof, then such stricken provision shall be replaced, to the extent possible, with a legal, enforceable, and valid provision that is as similar in tenor to the stricken provision as is legally possible. 23 (c) The Bondholders are third party beneficiaries to this Agreement and it is intended that there be no other third party beneficiaries of this Agreement. Nothing contained herein, expressed or implied, is intended to give to any person other than the Trustee and the Districts any claim, remedy, or right under or pursuant hereto, and any agreement, condition, covenant, or term contained herein required to be observed or performed by or on behalf of any party hereto shall be for the sole and exclusive benefit of the other parties. (d) This Agreement may not be assigned or transferred by any party without the prior written consent of each of the other parties. (e) This Agreement shall be governed by and construed under the applicable laws of the State. (f) This Agreement may be amended or supplemented by the parties, but any such amendment or supplement must be in writing and must be executed by all parties and is subject to the limitations and requirements of the Senior Indenture and any Additional Senior Obligation Documents. (g) If the date for making any payment or the last day for performance of any act or the exercising of any right, as provided in this Agreement, shall be a Saturday, Sunday, legal holiday or a day on which banking institutions in the city in which the principal office of the Trustee is located are authorized or required by law to remain closed, such payment may be made or act performed or right exercised on the next succeeding day which is not a Saturday, Sunday, legal holiday or a day on which such banking institutions are authorized or required by law to remain closed, with the same force and effect as if done on the nominal date provided in this Agreement. (h) Each party has participated fully in the review and revision of this Agreement. Any rule of construction to the effect that ambiguities are to be resolved against the drafting party shall not apply in interpreting this Agreement. The language in this Agreement shall be interpreted as to its fair meaning and not strictly for or against any party. (i) This Agreement may be executed in several counterparts, each of which shall be an original and all of which shall constitute but one and the same instrument. (j) Each District hereby consents to the terms of the 2023 Senior Bonds set forth in the Senior Indenture. Each District further acknowledges that any Additional Senior Obligation Documents shall not be subject to the consent of such District, so long as not purporting to amend the provisions hereof with respect to the obligations of such District. (k) By acceptance of the 2023 Senior Bonds and any Additional Senior Obligations, the Bondholders will be deemed to have agreed and consented to all of the limitations in respect of the payment of the principal of and interest on the Senior Payment Obligation contained herein, in the resolutions of the Districts authorizing the 24 execution and delivery of this Agreement and in the Service Plan. The Senior Payment Obligation is not and cannot be a debt of the Town of Eagle. (l) Each District has found and determined that the facilities described in the Service Plan are in the nature of community improvements intended for the general direct or indirect benefit of the planned community within the applicable District, and constitute improvements for which the applicable District is authorized to issue indebtedness and impose ad valorem property taxes in accordance with the Elections and the Service Plan, and the payment of such costs of the facilities is in furtherance of the purposes for which the applicable District was formed. Section 5.11. Effective Date and Termination Date. This Agreement shall become effective as of the date first written above and shall remain in effect until the Termination Date. Section 5.12. Electronic Execution and Storage. The parties hereto agree that the transaction described herein may be conducted and related documents may be stored by electronic means. Copies, telecopies, facsimiles, electronic files and other reproductions of original executed documents shall be deemed to be authentic and valid counterparts of such original documents for all purposes, including the filing of any claim, action or suit in the appropriate court of law. Without limiting the foregoing, the parties agree that any individual or individuals who are authorized to execute or consent to this Agreement or any amendment, supplement or consent relating thereto on behalf of each District or the Trustee are hereby authorized to execute the same electronically via facsimile or email signature. This agreement by the parties to use electronic signatures is made pursuant to Article 71.3 of Title 24, C.R.S., also known as the Uniform Electronic Transactions Act. Any electronic signature so affixed to this Agreement or any supplement or consent relating thereto shall carry the full legal force and effect of any original, handwritten signature. [Remainder of Page Left Intentionally Blank] Preside)ATTES,D:OPOLITANDISTRICTPresidentSEALPresidentATTESTED:METROPOLITANDISTRICTPresidentATT:TED:zSycretary[SignaturePagetoSeniorCapitalPledgeAgreement]HAYMENO.1HAYMEADNO.2(HAY?NO.5:retaryecretary'METROPOLITANDISTRICTAJ^evopo/^I:SEAL;?i~ATTESTED:'Secretary/I-AOUMETR<\sjHAYMEADOWNO.3\INWITNESSWHEREOF,theIssuingDistrict,DistrictNo.1,DistrictNo.2,DistrictNo.3,DistrictNo.4,theServiceDistrictandtheTrusteehaveexecutedthisAgreementasofthedayandyearfirstabovewritten.BOWMETROPOLITANDISTRICTbZF.»f:SEAL:?0S£AL%'••'SEAL:? /ADOMETROPOLITANDISTRICTVPresidentATTESTED::retaryPresidentBOKF,N.A.,asTrusteeAuthorizedSignatory[SignaturePagetoSeniorCapitalPledgeAgreement]HAY?NO.4HAY?NO.6SEALSi'*stADOWMETROPOLITANDISTRICTwrf-A.-L,A^^»VOpolff^W'§:SEAL President or Vice President ATTESTED: Secretary or Assistant Secretary President or Vice President ATTESTED: Secretary or Assistant Secretary BOKF,.A.,as Trustee [Signature Page to Senior Capital Pledge Agreement] HAYMEADOW METROPOLITAN DISTRICT NO.4 HAYMEADOW METROPOLITAN DISTRICT NO.6 fl'I._-Z--1--X1/-/ fl y Authorized Signatory EXHIBIT A TO SENIOR CAPITAL PLEDGE AGREEMENT BALLOT QUESTIONS (as attached to the Senior Indenture and the Authorizing Resolutions for District Nos. 1, 2, 3, 4 and 6) CANVASS BOARD'S CERTIFICATE OF DETERMINATION OF OFFICIAL ELECTION RESULTS FOR TU E SPECIAL ORGANIZATION ELECTION HELD NOVEMBER 4, 2014 FOR THE HAYMEADOW METROPOLITAN DISTRICT NO. 1 Each of the undersigned members of the Canvass Board of the Haymeadow Metropolitan District No. 1 ("District") certifies that the following is a true and correct determination of the official election results of the special organization election of the District, at which time the eligible electors of the District voted as indicated on the attached Judges' Certificate of Election Returns, and as a result of which the eligible electors elected to office the following Directors: Jens M. Werner Term to May, 2018 P.O. Box 2964 Avon, Colorado 81620 Richard J. Pyhnan Term to May, 2018 P.O. Box 1195 Edwards, Colorado 81632 Vacancy Term to May, 2018 Vacancy Term to May, 2016 Vacancy Term to May, 2016 The votes cast for and against each ballot issue and ballot question submitted were as follows: HAYMEADOW METROPOLITAN DISTRICT NO. 1 BALLOT QUESTION A: Shall Haymeadow Metropolitan District No. 1 be organized? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 1 BALLOT ISSUE B: SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 1 TAXES BE INCREASED $50,000 ANNUALLY (FIRST FULL FISCAL YEAR INCREASE) AND BY SUCH OTHER AMOUNTS COLLECTED IN EACH YEAR THEREAFTER FROM A MILL LEVY IMPOSED AT A RATE NOT TO EXCEED 50.000 MILLS (WITH THE ACTUAL MILL LEVY RATE FOR ANY FISCAL YEAR TO BE ADJUSTED DOWNWARDS OR UPWARDS BY THE BOARD OF DIRECTORS IN ITS DISCRETION) TO PAY THE DISTRICT'S ADMINISTRATION, OPERATIONS, MAINTENANCE, CAPITAL IMPROVEMENT AND (00416722.DOC OTHER EXPENSES WITHOUT LIMITATION; PROVIDED THAT SUCH MILL LEVY MAY BE ADJUSTED (A) TO ACCOUNT FOR CHANGES IN THE LAW OR THE METHOD BY WHICH ASSESSED VALUATION IS CALCULATED, INCLUDING A CHANGE IN THE PERCENTAGE OF ACTUAL VALUATION USED TO DETERMINE. ASSESSED VALUATION, (B) TO OFFSET ANY PROPERTY TAX CUT OR LIMIT WHICH IS MANDATED BY ARTICLE X, SECTION 20 OR OTHER PROVISIONS OF THE COLORADO CONSTITUTION, AS IT CURRENTLY EXISTS OR AS IT MAY BE AMENDED, AND (C) TO OFFSET REFUNDS AND ABATEMENTS; AND SHALL THE PROCEEDS OF SUCH TAXES AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION, SECTION 29-1-301, C.R.S., OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 1 BALLOT ISSUE C: (Debt for Parks and Recreation) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 1 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 1 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING; CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING PARKS AND RECREATION IMPROVEMENTS AND PROGRAMS AS AUTHORIZED BY LAW, INCLUDING WITHOUT LIMITATION PARKS, TRAILS, PATHS AND OPEN SPACE, TOGETHER WITH ALL NECESSARY, INCIDENTAL AND APPURTENANT FACILITIES, LAND AND EASEMENTS, AND ALL EXTENSIONS OF AND IMPROVEMENTS TO SUCH FACILITIES WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY • {00416722.DOC 0 WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICIHNT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. I BALLOT ISSUE D: (Debt for Drainage) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 1 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 1 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING—AIL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING A STORMWATER MANAGEMENT SYSTEM, INCLUDING WITHOUT LIMITATION STORMWATER, SEWER, FLOOD AND SURFACE DRAINAGE FACILIT1KS AND SYSTEMS, DETENTION/RETENTION PONDS AND ASSOCIATED DRAINAGE FACILITIES, TOGETHER WITH ALL NECESSARY, INCIDENTAL AND APPURTENANT FACILITIES, LAND AND EASEMENTS, AND ALL EXTENSIONS OF AND IMPROVEMENTS TO SUCH FACILITIES WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF (00416722.DOC SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 1 BALLOT ISSUE E: (Debt for Street Improvements) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 1 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 1 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS • AND-OBLIGATIONS-SECURED-BY-MOR-TGAGESTI)EEDS -OF TRU- S-T,LIENSTAND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING STREET, ROADWAY AND RELATED LANDSCAPING IMPROVEMENTS, INCLUDING CURBS, GUTTERS, CULVERTS, AND OTHER DRAINAGE FACILITIES, PEDESTRIAN WAYS, BRIDGES, ALLEYS, PARKING FACILITY ES, PAVING, LIGHTING, GRADING, LANDSCAPING, IRRIGATION, AND STRUCTURES; AND STREET-RELATED ELECTRIC, TELEPHONE, AND GAS; TOGETHER WITH ALL NECESSARY, INCIDENTAL, AND APPURTENANT FACILITIES, LAND AND EASEMENTS, AND ALL EXTENSIONS OF AND IMPROVEMENTS TO SAID FACILITI KS WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH {00416722.DOC /} INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY • COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 1 BALLOT ISSUE F: (Debt for Water) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 1 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL EIKYMBAJDOWT-M-ETROP 011T-AN-D IS-TRIC-T-NO.--1-T AXES -BE-INeRE-ARED S4-1;300,000- ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND. PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING COMPLETE POTABLE WATER SYSTEM AND A COMPLETE NONPOTABLE IRRIGATION WATER SYSTEM, INCLUDING BUT NOT LIMITED TO, WATER RIGHTS, WATER SUPPLY, TREATMENT, STORAGE, TRANSMISSION AND DISTRIBUTION SYSTEMS FOR PUBLIC OR PRIVATE PURPOSES, TOGETHER WITH ALL NECESSARY AND PROPER RESERVOIRS, TREATMENT WORKS AND FACILITY KS, WELLS, WATER RIGHTS, (00416722.DOC I} EQUIPMENT AND APPURTENANCES INCIDENT THERETO WHICH MAY INCLUDE, BUT SHALL NOT BE LIMITED TO, TRANSMISSION LINES, DISTRIBUTION MAINS AND LATERALS, STORAGE FACILITIES, LAND AND EASEMENTS, TOGETHER WITH EXTENSIONS OF AND IMPROVEMENTS TO SAID FACILIT I HS OR SYSTEMS WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN- AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY,THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 1 BALLOT ISSUE G: (Debt for Sewer) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 1 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 1 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, (00416722.DOC /} INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING SANITARY SEWERS, WASTEWATER TREATMENT AND DISPOSAL WORKS AND FACTLIT I ES, WATER QUALITY FACILITIES, EQUIPMENT AND APPURTENANCES INCIDENT THERETO, TOGETHER WITH ALL NECESSARY, INCIDENTAL AND APPURTENANT FACILITIES, LAND AND EASEMENTS, AND ALL NECESSARY EXTENSIONS OF AND IMPROVEMENTS TO SAID FACILIT ES OR SYSTEMS WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFIC I ENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS. OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: NO: HAYMEADOW METROPOLITAN DISTRICT NO. 1 BALLOT ISSUE 11: (Debt for Transportation) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 1 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 1 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL Two (2) •Zetor (0)• • {00416722.DOC OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING A SYSTEM TO TRANSPORT THE PUBLIC BY BUS, RAIL, OR ANY OTHER MEANS OF CONVEYANCE, OR ANY COMBINATION THEREOF, TOGETHER WITH ALL NECESSARY, INCIDENTAL AND APPURTENANT FACILITIES, LAND AND EASEMENTS, AND ALL EXTENSIONS OF AND IMPROVEMENTS TO SUCH FACILITIES WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL. LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFIC I HNT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 1 BALLOT ISSUE I: (Debt for Traffic and Safety Controls) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 1 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 1 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCIIDEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LIENS, AND {00416722.DOC /} OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING TRAFFIC AND SAFETY CONTROLS AND DEVICES ON STREETS AND HIGHWAYS AND AT RAILROAD CROSSINGS, TOGETHER WITH ALL NECESSARY, INCIDENTAL AND APPURTENANT FACILIT1KS, LAND AND EASEMENTS, AND ALL EXTENSIONS OF AND IMPROVEMENTS TO SUCH FACILITIES. WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND • PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICIHNT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 1 BALLOT ISSUE J: (Debt for Mosquito Control) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 1 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 1 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS {00416722.DOC /} AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LII NS; AND. OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING IMPROVEMENTS TO PROVIDE FOR THE ELIMINATION AND CONTROL OF MOSQUITOES, TOGETHER WITH ALL NECESSARY, INCIDENTAL AND APPURTENANT FACILITIES, LAND AND EASEMENTS, AND ALL EXTENSIONS OF AND IMPROVEMENTS TO SUCH FACILIT I KS WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 1 BALLOT ISSUE K: (Debt for Fire Protection) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 1 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 1 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS {00416722.DOC I) AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LE NNS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING FIRE PROTECTION, TOGETHER WITH ALL NECESSARY, INCIDENTAL AND APPURTENANT FACILITIES, LAND AND EASEMENTS, AND ALL EXTENSIONS OF AND IMPROVEMENTS TO SUCH FACILITY HS WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE; INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS. SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: - Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 1 BALLOT ISSUE L: (Debt for Refunding) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 1 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 1 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS {0(7416722.DOC I} AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF REFUNDING, PAYING, OR DEFEASING, IN WHOLE OR IN PART, BONDS, NOTES, OR OTHER FINANCIAL OBLIGATIONS OF THE DISTRICT; SUCH DEBT TO BEAR INTEREST AT A RATE TO BE DETERMINED BY THE DISTRICT BOARD, WHICH INTEREST RATE MAY BE HIGHER THAN THE INTEREST RATE BORNE BY THE OBLIGATIONS BEING REFUNDED BUT IN NO EVENT SHALL THE NET EFFECTIVE INTEREST RATE EXCEED 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY • COMPOUND PERIODICALLY AS MAY BE'DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW,. OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND. ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; THE PRINCIPAL AMOUNT OF SUCH DEBT, TOGETHER WITH ALL OTHER DEBT OF THE DISTRICT AUTHORIZED BY ANY OTHER BALLOT QUESTION AND ALL DEBT ISSUED BY HAYMEADOWMETROPOLITAN DISTRICT NOS. 2 TO 6, NOT TO EXCEED AN AGGREGATE OF $35,000,000; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING WITHOUT LIMITATION FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH. SUCH LIMITATIONS AS MAY BE DETERMINED .BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF. SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE-COLLECTED, RETAINED-AND SPENT BY THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 1 BALLOT ISSUE M: (Intergovernmental Agreements with the State or Political Subdivisions) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 1 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 1 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT AND MULTIPLE-FISCAL YEAR OBLIGATIONS; SUCH {00416722.DOC DEBT AND OBLIGATIONS TO CONSIST OF ONE OR MORE. NTERGOVERNMENTAL AGREEMENTS WITH THE STATE OR ANY POLITICAL SUBDIVISION OF THE STATE, INCLUDING THE TOWN OF EAGLE, COLORADO, AND HAYMEADOW METROPOLITAN DISTRICT NOS. 2 TO 6, FOR THE PURPOSE OF JOINTLY FINANCING THE COSTS OF ANY PUBLIC IMPROVEMENTS, FACILIT I 14,S, SYSTEMS, PROGRAMS, OR PROJECTS WHICH THE DISTRICT MAY LAWFULLY PROVIDE, OR FOR THE PURPOSE OF PROVIDING FOR THE OPERATIONS AND MAINTENANCE OF THE DISTRICT AND ITS FACILITIES AND PROPERTIES; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM THE DISTRICT'S OPERATING MILL LEVY IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY FOR THE PURPOSES SPECIF ABOVE; AND IN CONNECTION THEREWITH SHALL THE DISTRICT BE AUTHORIZED TO MAKE COVENANTS REGARDING THE ESTABLISHMENT AND USE OF AD VALOREM TAXES, RATES, FEES, TOLLS, PENALTIES, AND OTHER CHARGES OR REVENUES OF THE DISTRICT, AND COVENANTS, REPRESENTATIONS, AND WARRANT I I4,S AS TO OTHER MATTERS ARISING UNDER THE AGREEMENTS, ALL AS MAY BE DETERMINED BY THE BOARD OF DIRECTORS OF THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 1 BALLOT ISSUE N: (TABOR Exemption for Revenue) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 1 BE AUTHORIZED TO COLLECT, RETAIN, AND SPEND ANY AND ALL AMOUNTS ANNUALLY FROM ANY REVENUE SOURCES WHATSOEVER (INCLUDING WITHOUT LIMITATION ANY REVENUES FROM AD VALOREM PROPERTY TAXES, TAXES, SPECIFIC OWNERSHIP TAXES, FEES, RATES, TOLLS, PENALTIES, OR CHARGES, STATE, FEDERAL AND PRIVATE GRANTS AND GIFTS, OR ANY OTHER SOURCE); AND SHALL SUCH REVENUES BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER AS A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING; REVENUE=RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 1 BALLOT ISSUE 0: (Developer Agreements) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 1 BE AUTHORIZED TO ENTER {00416722.D0C4 INTO AGREEMENTS WITH ANY DEVELOPER OF PROPERTY IN THE DISTRICT FOR THE PURPOSE OF FINANCING THE COSTS. OF ANY PUBLIC IMPROVEMENTS, FACILITIES, SYSTEMS, OR PROJECTS WHICH THE DISTRICT MAY LAWFULLY PROVIDE, WHICH AGREEMENTS MAY CONSTITUTE DEBT OR INDEBTEDNESS AND MULTIPLE-FISCAL YEAR OBLIGATIONS OF THE DISTRICT TO THE EXTENT PROVIDED THEREIN AND OTHERWISE AUTHORIZED BY LAW, AND IN CONNECTION THEREWITH SHALL THE DISTRICT BE AUTHORIZED TO AGREE TO PAY SPECIE( HD REVENUES OF THE DISTRICT TO THE DEVELOPERS, TO MAKE COVENANTS REGARDING THE REVENUES OF THE DISTRICT, AND TO MAKE COVENANTS, REPRESENTATIONS, AND WARRANTIES AS TO OTHER MATTERS ARISING UNDER THE AGREEMENTS, ALL AS MAY BE DETERMINED BY THE BOARD OF DIRECTORS OF THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 1 BALLOT ISSUE P: (Mortgage of Property) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 1 BE AUTHORIZED TO ISSUE, CREATE, EXECUTE, AND DELIVER MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, WHETHER NOW OWNED OR HEREAFTER ACQUIRED, AND INCLUDING WITHOUT LIMITATION WATER AND WATER RIGHTS, SUCH ENCUMBRANCES OF THE DISTRICT AND OF HAYMEADOW METROPOLITAN DISTRICT NOS. 2 TO 6 TO BE IN THE AGGREGATE PRINCIPAL AMOUNT NOT TO EXCEED $35,000,000, PLUS INTEREST THEREON AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, ALL AS MAY BE DETERMINED BY THE BOARD OF DIRECTORS TO BE NECESSARY OR APPROPRIATE IN CONNECTION WITH THE ISSUANCE OF BONDS, NOTES, CONTRACTS, OR OTHER FINANCIAL OBLIGATIONS OF THE DISTRICT; SUCH ENCUMBRANCES TO BE CREATED FOR THE PURPOSE OF PROVIDING ADDITIONAL SECURITY FOR DISTRICT FINANCIAL OBLIGATIONS, AND TO BE CREATED AT ONE TIME OR FROM TIME TO TIME; SUCH MORTGAGES, DEEDS OF -TRUST, LIENS, OR OTHER ENCUMBRANCES-TO ENTITLE THE OWNER OR - - BENEFICIARY THEREOF TO FORECLOSE UPON AND TAKE TITLE TO AND POSSESSION OF THE DISTRICT PROPERTY SO ENCUMBERED, AND IN CONNECTION THEREWITH SHALL THE DISTRICT BE AUTHORIZED TO MAKE SUCH COVENANTS REGARDING THE USE OF THE ENCUMBERED PROPERTY AND OTHER MATTERS ARISING UNDER THE ENCUMBRANCE, ALL AS MAY BE DETERMINED BY THE BOARD OF-DIRECTORS OF THE DISTRICT? YES: Two (2) NO: Zero (0) {00416722.DOC/} YES: NO: CERTIF I HD this 5th day of Novemb Design Two (2) Zero (0) d Election Official Canvass Canvasser HAYMEADOW METROPOLITAN DISTRICT NO.2 BALLOT QUESTION Q (Transportation Services) Shall the Haymeadow Metropolitan District No. 2 be authorized to provide transportation services and exercise the power to establish, maintain, and operate a system to transport the public by bus, rail, or any other means of convenience, or any combination thereof, within and without the District boundaries, but only within Eagle County, Colorado, within which the District is located? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO.2 BALLOT QUESTION R (Waiver of Term Limits) Shall the limitations on terms of office of elected members of the Board of Directors of the Haymeadow Metropolitan District No. 2 be eliminated pursuant to Article XVIII, Section 11(2) of the Colorado Constitution? Contact Person for District: Business Address: Telephone Number: - - David A. Greher Collins Cockrel & Cole 390 Union Boulevard, Suite 400 Denver, Colorado 80228 (303) 986-1551 {00416752.D0C t} EXEIIBIT-A - (Attach Judges' Certificate of Election Returns) {00416722.DOC I) JUDGES' CERTIFICATE OF MAIL BALLOT ELECTION RETURNS AND STATEMENT OF BALLOTS FOR HAYMEADOW METROPOLITAN DISTRICT NO. 1 IT IS HEREBY CERTIFIED by the undersigned, who conducted the mail ballot election held in the Haymeadow Metropolitan District No. 1, in Eagle County, Colorado, on the 4th day of November, 2014, that after qualifying by swearing and subscribing to their Oaths of Office, they opened the polls at 7:00 a.m., and that they kept the polls open continuously until the hour of 7:00 p.m. on such date, after which they counted the ballots cast for Directors of the District and for the ballot issues and ballot questions submitted in accordance with the Colorado Local Government Election Code. That the votes cast for Director of the District to act until the first regular election in May, 2016: CANDIDATE FOR DIRECTOR There were no candidates That the votes cast for Director of the District to act until the second regular election in May, 2018: CANDIDATE FOR DIRECTOR NUMBER OF VOTES CAST Jens M. Werner Richard Pylman Two (2) Two (2) That the votes cast for and against the ballot questions and ballot issues submitted were as follows: HAYMEADOW METROPOLITAN DISTRICT NO. 1 BALLOT QUESTION A: Shall Haymeadow Metropolitan District No. 1 be organized? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 1 BALLOT ISSUE B: SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 1 TAXES BE INCREASED $50,000 ANNUALLY (FIRST FULL FISCAL YEAR INCREASE) AND BY SUCH OTHER AMOUNTS COLLECTED IN EACH YEAR THEREAFTER FROM A MILL LEVY IMPOSED AT A RATE NOT TO EXCEED 50.000 MILLS (WITH THE ACTUAL MILL LEVY RATE FOR ANY FISCAL YEAR TO BE ADJUSTED DOWNWARDS OR UPWARDS BY THE BOARD OF DIRECTORS IN ITS DISCRETION) TO PAY THE DISTRICT'S ADMINISTRATION, OPERATIONS, MAINTENANCE, CAPITAL IMPROVEMENT AND. OTHER EXPENSES WITHOUT LIMITATION; PROVIDED THAT SUCH MILL LEVY MAY BE ADJUSTED (A) TO ACCOUNT FOR CHANGES IN THE LAW OR THE METHOD BY WHICH ASSESSED VALUATION IS CALCULATED, INCLUDING A CHANGE IN THE PERCENTAGE OF ACTUAL VALUATION USED TO DETERMINE ASSESSED VALUATION, (B) TO OFFSET ANY PROPERTY TAX CUT OR LIMIT WHICH IS MANDATED BY ARTICLE X, SECTION 20 OR OTHER PROVISIONS OF THE COLORADO CONSTITUTION, AS IT CURRENTLY EXISTS OR AS IT MAY BE AMENDED, AND (C) TO OFFSET REFUNDS AND ABATEMENTS; AND SHALL THE PROCEEDS OF SUCH TAXES AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION, SECTION 29-1-301, C.R.S., OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 1 BALLOT ISSUE C: (Debt for Parks and Recreation) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 1 DEBT BE INCREASED $35,000;000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 1 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING PARKS AND RECREATION IMPROVEMENTS AND PROGRAMS AS AUTHORIZED BY LAW, INCLUDING WITHOUT LIMITATION PARKS, TRAILS, PATHS AND OPEN SPACE, TOGETHER WITH ALL NECESSARY, INCIDENTAL AND APPURTENANT FACILITIES, LAND AND EASEMENTS, AND ALL EXTENSIONS OF AND IMPROVEMENTS TO SUCH FACILITIES WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN. EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: NO: Two (2) Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 1 BALLOT ISSUE D: (Debt for Drainage) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 1 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 1 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LI BNS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING A STORMWATER MANAGEMENT SYSTEM, INCLUDING WITHOUT LIMITATION STORMWATER, SEWER, FLOOD AND SURFACE DRAINAGE FACILITIES AND SYSTEMS, DETENTION/RETENTION PONDS AND ASSOCIATED DRAINAGE FACILITIES, TOGETHER WITH ALL NECESSARY, INCIDENTAL AND APPURTENANT FACILITIES, LAND AND EASEMENTS, AND ALL EXTENSIONS OF AND IMPROVEMENTS TO SUCH FACILITIES WITHIN'AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF .ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 1 BALLOT ISSUE E: (Debt for Street Improvements) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 1 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 1 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING STREET, ROADWAY AND RELATED LANDSCAPING IMPROVEMENTS, INCLUDING CURBS, GUTTERS, CULVERTS, AND OTHER DRAINAGE FACILIT I FS, PEDESTRIAN WAYS, BRIDGES, ALLEYS, PARKING FACILITIES, PAVING, LIGHTING, GRADING, LANDSCAPING, IRRIGATION, AND STRUCTURES; AND STREET-RELATED ELECTRIC, TELEPHONE, AND GAS; TOGETHER WITH ALL NECESSARY, INCIDENTAL, AND APPURTENANT FACILITTES, LAND AND EASEMENTS, AND ALL EXTENSIONS OF AND IMPROVEMENTS TO SAID FACILIT I F.:S WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT • OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR. SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 1 BALLOT ISSUE F: (Debt for Water) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 1 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 1 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LI FNS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING COMPLETE POTABLE WATER SYSTEM AND A COMPLETE NONPOTABLE IRRIGATION WATER SYSTEM, INCLUDING BUT NOT LIMITED TO, WATER RIGHTS, WATER SUPPLY,. TREATMENT, STORAGE, TRANSMISSION AND DISTRIBUTION SYSTEMS FOR PUBLIC OR PRIVATE PURPOSES, TOGETHER WITH ALL NECESSARY AND PROPER RESERVOIRS, TREATMENT WORKS AND FACILIT I ES, WELLS, WATER RIGHTS, EQUIPMENT AND APPURTENANCES INCIDENT THERETO WHICH MAY INCLUDE, BUT SHALL NOT BE LIMITED TO, TRANSMISSION LINES, DISTRIBUTION MAINS AND LATERALS, STORAGE FACILITIES, LAND AND EASEMENTS, TOGETHER WITH EXTENSIONS OF AND IMPROVEMENTS TO SAID FACILITIES OR SYSTEMS WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 1 BALLOT ISSUE G: (Debt for Sewer) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 1 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 1 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING SANITARY SEWERS, WASTEWATER TREATMENT AND DISPOSAL WORKS AND FACILITIkS, WATER QUALITY FACILITIES, EQUIPMENT AND APPURTENANCES INCIDENT THERETO, TOGETHER WITH ALL NECESSARY, INCIDENTAL AND APPURTENANT FACILITIES, LAND AND EASEMENTS, AND. ALL NECESSARY EXTENSIONS OF AND IMPROVEMENTS TO SAID FACILITIES OR SYSTEMS WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM; SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFIC11,NT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR. SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 1 BALLOT ISSUE H: (Debt for Transportation) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 1 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 1 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY. THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING A SYSTEM TO TRANSPORT THE PUBLIC BY BUS, RAIL, OR ANY OTHER MEANS OF CONVEYANCE, OR ANY COMBINATION THEREOF, TOGETHER WITH ALL NECESSARY, INCIDENTAL AND APPURTENANT FACILITIES, LAND AND EASEMENTS, AND ALL EXTENSIONS OF AND IMPROVEMENTS TO SUCH FACILIT I HS WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES:. NO: Two (2) Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 1 BALLOT ISSUE I: (Debt for Traffic and Safety Controls) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 1 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 1 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING TRAFFIC AND SAFETY CONTROLS AND DEVICES ON STREETS AND HIGHWAYS AND AT RAILROAD CROSSINGS, TOGETHER WITH ALL NECESSARY, INCIDENTAL AND APPURTENANT FACILITIES, LAND AND EASEMENTS, AND ALL EXTENSIONS OF - AND IMPROVEMENTS TO SUCH FACILITIES WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: NO: Two (2) Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 1 BALLOT ISSUE J: (Debt for Mosquito Control) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 1 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 1 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, URNS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING IMPROVEMENTS TO PROVIDE FOR THE ELIMINATION AND CONTROL OF MOSQUITOES, TOGETHER WITH ALL NECESSARY, INCIDENTAL AND APPURTENANT FACILITIES, LAND AND EASEMENTS, AND ALL EXTENSIONS OF AND IMPROVEMENTS TO SUCH FACILITIES WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL.AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFIC I HNT TO PRODUCE. THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON TIS DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. I BALLOT ISSUE K: (Debt for Fire Protection) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 1 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 1 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING FIRE PROTECTION, TOGETHER WITH ALL NECESSARY, INCIDENTAL AND APPURTENANT FACILIT I I4,S, LAND AND EASEMENTS, AND ALL EXTENSIONS OF AND IMPROVEMENTS TO SUCH FACILITIES WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 1 BALLOT ISSUE L: (Debt for Refunding) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 1 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 1 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LI NNS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF REFUNDING, PAYING, OR DEFEASING, IN WHOLE OR IN PART, BONDS, NOTES, OR OTHER FINANCIAL OBLIGATIONS OF THE DISTRICT; SUCH DEBT TO BEAR INTEREST' AT A RATE TO BE DETERMINED BY THE DISTRICT BOARD, WHICH INTEREST RATE MAY BE HIGHER THAN THE INTEREST RATE BORNE BY THE OBLIGATIONS BEING REFUNDED BUT IN NO EVENT SHALL THE NET EFFECTIVE INTEREST RATE EXCEED 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; THE PRINCIPAL AMOUNT OF SUCH DEBT, TOGETHER WITH ALL OTHER DEBT OF THE DISTRICT AUTHORIZED BY ANY OTHER BALLOT QUESTION AND ALL DEBT ISSUED BY HAYMEADOW METROPOLITAN DISTRICT NOS. 2 TO 6, NOT TO EXCEED AN AGGREGATE OF $35,000,000; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING WITHOUT LIMITATION FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICE HNT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: Two (2) NO: • Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 1 BALLOT ISSUE M: (Intergovernmental Agreements with the State or Political Subdivisions) • SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 1 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 1 TAXES BE INCREASED $41,300,000 ANNUALLY, OR. BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT AND MULTIPLE-FISCAL YEAR OBLIGATIONS; SUCH DEBT AND OBLIGATIONS TO CONSIST OF ONE OR MORE INTERGOVERNMENTAL AGREEMENTS WITH THE STATE OR ANY POLITICAL SUBDIVISION OF THE STATE, INCLUDING THE TOWN OF EAGLE, COLORADO, AND HAYMEADOW METROPOLITAN DISTRICT NOS. 2 TO 6, FOR THE PURPOSE OF JOINTLY FINANCING THE COSTS OF ANY PUBLIC IMPROVEMENTS, FACILITIES, SYSTEMS, PROGRAMS, OR PROJECTS WHICH THE DISTRICT MAY LAWFULLY PROVIDE, OR FOR THE PURPOSE OF PROVIDING FOR THE OPERATIONS AND MAINTENANCE OF THE DISTRICT AND ITS FACILITIES AND PROPERTIES; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM THE DISTRICT'S OPERATING MILL LEVY IN AMOUNTS SUFFICIENT TO PRODUCE THE. ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY FOR THE PURPOSES SPECIFIED ABOVE; AND IN CONNECTION THEREWITH SHALL THE DISTRICT BE AUTHORIZED TO MAKE COVENANTS REGARDING THE ESTABLISHMENT AND USE OF AD VALOREM TAXES, RATES, FEES, TOLLS, PENALTIES, AND OTHER CHARGES OR REVENUES OF THE DISTRICT, AND COVENANTS, REPRESENTATIONS, AND WARRANTil-4:S AS TO OTHER MATTERS ARISING UNDER THE AGREEMENTS, ALL AS MAY BE DETERMINED BY THE BOARD OF DIRECTORS OF THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 1 BALLOT ISSUE N: (TABOR Exemption for Revenue) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 1 BE AUTHORIZED TO COLLECT, RETAIN, AND SPEND ANY AND ALL AMOUNTS ANNUALLY FROM'ANY REVENUE SOURCES WHATSOEVER (INCLUDING WITHOUT LIMITATION. ANY REVENUES FROM AD VALOREM PROPERTY TAXES, TAXES, SPECIFIC OWNERSHIP . TAXES,. FEES, RATES, TOLLS, PENALTIES, OR CHARGES, STATE, FEDERAL AND PRIVATE GRANTS AND GIFTS, OR ANY OTHER SOURCE); AND SHALL SUCH REVENUES BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER AS A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 1 BALLOT ISSUE 0: (Developer Agreements) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 1 BE AUTHORIZED TO ENTER INTO AGREEMENTS WITH ANY DEVELOPER OF PROPERTY IN THE DISTRICT FOR THE PURPOSE OF FINANCING THE COSTS OF ANY PUBLIC IMPROVEMENTS, FACILITIES, SYSTEMS, OR PROJECTS WHICH THE DISTRICT MAY LAWFULLY PROVIDE, WHICH AGREEMENTS MAY CONSTITUTE DEBT OR INDEBTEDNESS AND MULTIPLE-FISCAL YEAR OBLIGATIONS OF THE DISTRICT TO THE EXTENT PROVIDED THEREIN AND OTHERWISE AUTHORIZED BY LAW, AND IN CONNECTION THEREWITH SHALL THE DISTRICT BE AUTHORIZED TO AGREE TO PAY SPECIFIED REVENUES OF THE DISTRICT TO THE DEVELOPERS, TO MAKE COVENANTS REGARDING THE REVENUES OF THE DISTRICT, AND TO MAKE COVENANTS, REPRESENTATIONS, AND WARRANTIIiS AS TO OTHER MATTERS ARISING UNDER THE AGREEMENTS, ALL AS MAY BE DETERMINED BY THE BOARD OF DIRECTORS OF THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 1 BALLOT ISSUE P: (Mortgage of Property) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 1 BE AUTHORIZED TO ISSUE, CREATE, EXECUTE, AND DELIVER MORTGAGES, DEEDS OF TRUST, URNS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, WHETHER NOW OWNED OR HEREAFTER ACQUIRED, AND INCLUDING WITHOUT LIMITATION WATER AND WATER RIGHTS, SUCH ENCUMBRANCES OF THE DISTRICT AND OF HAYMEADOW METROPOLITAN DISTRICT NOS. 2 TO 6 TO BE IN THE AGGREGATE PRINCIPAL AMOUNT NOT TO EXCEED $35,000,000, PLUS INTEREST THEREON AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, ALL AS MAY BE DETERMINED BY THE BOARD OF DIRECTORS TO BE NECESSARY OR APPROPRIATE IN CONNECTION WITH THE ISSUANCE OF BONDS, NOTES, CONTRACTS, OR OTHER FINANCIAL OBLIGATIONS OF THE DISTRICT; SUCH ENCUMBRANCES TO BE CREATED. FOR THE PURPOSE OF PROVIDING ADDITIONAL SECURITY FOR DISTRICT FINANCIAL OBLIGATIONS, AND TO BE CREATED AT ONE TIME OR FROM TIME TO TIME; SUCH MORTGAGES, DEEDS OF TRUST, LIENS, OR OTHER ENCUMBRANCES TO ENTITLE THE OWNER OR BENEFICIARY THEREOF TO FORECLOSE UPON'AND TAKE TITLE TO AND POSSESSION OF THE DISTRICT PROPERTY SO ENCUMBERED, AND IN CONNECTION THEREWITH SHALL THE DISTRICT BE AUTHORIZED TO MAKE SUCH COVENANTS REGARDING THE USE OF THE ENCUMBERED PROPERTY AND OTHER MATTERS ARISING UNDER THE ENCUMBRANCE, ALL AS MAY BE DETERMINED BY THE BOARD OF DIRECTORS OF THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO.1 BALLOT QUESTION Q (Transportation Services) Shall the Haymeadow Metropolitan District No. 1 be authorized to provide transportation services and exercise the power to establish, maintain, and operate a system to transport the public by bus, rail, or any other means of convenience, or any combination thereof, within and without the District boundaries, but only within Eagle County, Colorado, within which the District is located? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO.1 BALLOT QUESTION R (Waiver of Tem]. Limits) Shall the limitations on terms of office of elected members of the Board of Directors of the Haymeadow Metropolitan District No. 1 be eliminated pursuant to Article XVIII, Section 11(2) of the Colorado Constitution? YES: Two (2) NO: Zero (0) on Judge It is hereby identified and specified that: Total Number of Ballots Delivered to Electors (including UOCAVA ballots): Total Number of Ballots Voted (including UOCAVA ballots): Number of Ballots Returned Undelivered: Number of Spoiled Ballots (Replacement Ballot issued): Number of Rejected Ballots: Number of Defective Ballots: Number of Substitute Ballots Voted: Number of Unofficial Ballots Voted: Total Number of Ballots Returned to Designated Election Official (including UOCAVA ballots): Certified this 4th day of November, 2014. Three (3) Two (2) Zero (0) One (1) Zero (0) Zero (0) Zero (0) Zero (0) Two (2) Election Judge CANVASS BOARD'S CER1114ICATE OF DE TERMINATION OF OFFICIAL ELECTION RESULTS FOR THE SPECIAL ORGANIZATION ELECTION HELD NOVEMBER 4, 2014 FOR THE HAYMEADOW METROPOLITAN DISTRICT NO.2 Each of the undersigned members of the Canvass Board of the Haymeadow Metropolitan District No. 2 ("District") certifies that the following is a true and correct determination of the official election results of the special organization election of the District, at which time the eligible electors of the District voted as indicated on the attached Judges' Certificate of Election Returns, and as a result of which the eligible electors elected to office the following Directors: Jens M. Werner Term to May, 2018 P.O. Box 2964 AvonZolorado_81670 Richard J. Pylman Term to May, 2018 P.O. Box 1195 Edwards, Colorado 81632 Vacancy Term to May, 2018 Vacancy Term to May, 2016 Vacancy Term to May, 2016 The votes cast for and against each ballot issue and ballot question submitted were as follows: HAYMEADOW METROPOLITAN DISTRICT NO.2 BALLOT QUESTION A: Shall Haymeadow Metropolitan District No. 2 be organized? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO.2 BALLOT ISSUE B: SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 2 TAXES BE INCREASED $50,000 ANNUALLY (FIRST FULL FISCAL YEAR INCREASE) AND BY SUCH OTHER AMOUNTS COLLECTED IN EACH YEAR THEREAFTER FROM A MILL LEVY IMPOSED AT A RATE NOT TO EXCEED 50.000 MILLS (WITH THE ACTUAL. MILL LEVY RATE FOR ANY FISCAL YEAR TO BE ADJUSTED DOWNWARDS OR UPWARDS BY THE BOARD OF DIRECTORS IN ITS DISCRETION) TO PAY THE DISTRICT'S ADMINISTRATION, OPERATIONS, MAINTENANCE, CAPITAL IMPROVEMENT AND. OTHER EXPENSES WITHOUT LIMITATION; PROVIDED THAT SUCH MILL LEVY MAY BE ADJUSTED (A) TO ACCOUNT FOR CHANGES IN THE LAW OR THE METHOD BY WHICH ASSESSED VALUATION IS CALCULATED, INCLUDING A {00416752.DOC /} CHANGE IN- THE PERCENTAGE OF ACTUAL VALUATION USED TO DETERMINE ASSESSED VALUATION, (B) TO OFFSET ANY PROPERTY TAX CUT OR LIMIT WHICH IS MANDATED BY ARTICLE X, SECTION 20 OR OTHER PROVISIONS OF THE COLORADO CONSTITUTION, AS IT CURRENTLY EXISTS OR AS IT MAY BE AMENDED, AND (C) TO OFFSET REFUNDS AND ABATEMENTS; AND SHALL THE PROCEEDS OF SUCH TAXES AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION, SECTION 29-1-301, C.R.S., OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: NO: Two (2) Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 2 BALLOT ISSUE C: (Debt for Parks and Recreation) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 2 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 2 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING PARKS AND RECREATION IMPROVEMENTS AND PROGRAMS AS AUTHORIZED BY LAW, INCLUDING WITHOUT LIMITATION PARKS, TRAILS, PATHS AND OPEN SPACE, TOGETHER WITH ALL NECESSARY, INCIDENTAL AND APPURTENANT FACILITIES, LAND AND EASEMENTS, AND ALL EXTENSIONS OF AND IMPROVEMENTS TO SUCH FACILITIES WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL {00416752.DOC I) LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN MW--YEAR---THE-AMOLINT-OF-OT4=IER-REVENUES-THAT-MAY-B&COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: NO: Two (2) Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 2 BALLOT ISSUE D: (Debt for Drainage) SHALL HAYMEADOW METROPOLITAN DISTRICT NO.2 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO.2 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING A STORMWATER MANAGEMENT SYSTEM, INCLUDING WITHOUT LIMITATION STORMWATER, SEWER, FLOOD AND SURFACE DRAINAGE FACILITIES AND SYSTEMS, DETENTION/RETENTION PONDS AND ASSOCIATED DRAINAGE FACILITIES, TOGETHER WITH ALL NECESSARY, INCIDENTAL AND APPURTENANT FACILITIES, LAND AND EASEMENTS, AND ALL EXTENSIONS OF AND IMPROVEMENTS TO SUCH FACILITIES WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN {00416752.DOC EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, RE- . G, OR-OTHER LIMITATION-COINLTAINED-WITHIN-ART-ICLE-X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: NO: Two (2) Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO.2 BALLOT ISSUE E: (Debt for Street Improvements) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 2 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO.2 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING STREET, ROADWAY AND RELATED LANDSCAPING IMPROVEMENTS, INCLUDING CURBS, GUTTERS, CULVERTS, AND OTHER DRAINAGE FACILITIES, PEDESTRIAN WAYS, BRIDGES, ALLEYS, PARKING FACILITIES, PAVING, LIGHTING, GRADING, LANDSCAPING, IRRIGATION, AND STRUCTURES; AND STREET-RELATED ELECTRIC, TELEPHONE, AND GAS; TOGETHER WITH ALL NECESSARY, INCIDENTAL, AND APPURTENANT FACILITIES, LAND AND EASEMENTS, AND ALL EXTENSIONS OF AND IMPROVEMENTS TO SAID FACILITi ES WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTWE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR {00416752.DOC EQUAL TO'l HE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINE-D-AND-SPENT-13-Y-TRE-DISTRICT-IN-FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO.2 BALLOT ISSUE F: (Debt for Water) SHALL HAYMEADOW METROPOLITAN DISTRICT NO.2 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO.2 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LI KNS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING COMPLETE POTABLE WATER SYSTEM AND A COMPLETE NONPOTABLE IRRIGATION WATER SYSTEM, INCLUDING BUT NOT LIMITED TO, WATER RIGHTS, WATER SUPPLY, TREATMENT, STORAGE, TRANSMISSION AND DISTRIBUTION SYSTEMS FOR PUBLIC OR PRIVATE PURPOSES, TOGETHER WITH ALL NECESSARY AND PROPER RESERVOIRS, TREATMENT WORKS AND FACILITIES, WELLS, WATER RIGHTS, EQUIPMENT AND APPURTENANCES INCIDENT THERETO WHICH MAY INCLUDE, BUT SHALL NOT BE LIMITED TO, TRANSMISSION LINES, DISTRIBUTION MAINS AND LATERALS, STORAGE FACILITIES, LAND AND EASEMENTS, TOGETHER WITH 00416752.r:0C /} EXTENSIONS OF AND IMPROVEMENTS TO SAID FACILITY FS OR SYSTEMS WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE-DETERMINED BY-T-FIE-DISTRICT-BOARDAND IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: NO: Two (2) Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 2 BALLOT ISSUE G: (Debt for Sewer) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 2 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 2 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING SANITARY SEWERS, WASTEWATER TREATMENT AND DISPOSAL WORKS AND FACILITIES, WATER QUALITY FACILITIES, EQUIPMENT AND APPURTENANCES INCIDENT (00416752.DOC 477P'?'1 THERETO, TOGETHER WITH:ALL NECESSARY, INCIDENTAL AND APPURTENANT FACILITIES, LAND AND EASEMENTS, AND ALL NECESSARY EXTENSIONS OF AND IMPROVEMENTS TO SAID FACILITIES OR SYSTEMS WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE-DIS-TRICTINGLUDING-FROM-A-MIL-L-LE-W—IMPOSED-WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFIC I RNT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LEVITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO.2 BALLOT ISSUE H: (Debt for Transportation) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 2 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO.2 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING A SYSTEM TO TRANSPORT THE PUBLIC BY BUS, RAIL, OR ANY OTHER MEANS OF f00416752.DOC I) '3"=-=•-n CONVEYANCE, OR ANY COMBINATION THEREOF, TOGETHER WITH ALL NECESSARY, INCIDENTAL AND APPURTENANT FACILITIES, LAND AND EASEMENTS, AND ALL EXTENSIONS OF AND IMPROVEMENTS TO SUCH FACILITIES WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY—AVAILABLE-MONEYS OF THE-DISTRICT, INCLUDING FROM-A. MILL-- LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN- ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: NO: Two (2) Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO.2 BALLOT ISSUE I: (Debt for Traffic and Safety Controls) SHALL HAYMEADOW METROPOLITAN DISTRICT NO.2 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO.2 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING TRAFFIC (00416752.DOC I) AND SAFETY CONTROLS AND DEVICES ON STREETS AND HIGHWAYS AND AT RAILROAD CROSSINGS, TOGETHER WITH ALL NECESSARY, INCIDENTAL AND APPURTENANT FACILIT IFS, LAND AND EASEMENTS, AND ALL EXTENSIONS OF AND IMPROVEMENTS TO SUCH FACILID KS WITHIN AND WITHOUT THE BOUNDARIES OF TILE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED;SUCH-DBBT-TO-BE-P-AID,FROM-ANY-LEGALLY-AV.AILABLE- MONEYS OF THE DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICE HNT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM ll ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO.2 BALLOT ISSUE J: (Debt for Mosquito Control) SHALL HAYMEADOW METROPOLITAN DISTRICT NO.2 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO.2 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, .ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING (00416752.DOC /} IMPROVEMENTS. TO PROVIDE FOR THE ELIMINATION AND CONTROL OF MOSQUITOES, TOGETHER WITH ALL NECESSARY, INCIDENTAL AND APPURTENANT FACILITIES, LAND AND EASEMENTS, AND ALL EXTENSIONS OF AND IMPROVEMENTS TO SUCH FACILITIES WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED;-SUCH-DEBT-TO-BE-P-AID FROM ANY LEGALLY AVAILABLE-MONEYS OF THE DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, . AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: NO: Two (2) Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 2 BALLOT ISSUE K: (Debt for Fire Protection) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 2 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 2 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING FIRE (00416752.DOC PROTECTION, TOGETHER WITH ALL NECESSARY, INCIDENTAL AND APPURTENANT FACILITY ES, LAND AND EASEMENTS, AND ALL EXTENSIONS OF AND IMPROVEMENTS TO SUCH FACILIT) NS WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING-FROM A-MIL-I, LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: NO: Two (2) Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO.2 BALLOT ISSUE L: (Debt for Refunding) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 2 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO.2 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LI ENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF REFUNDING, PAYING, OR DEFEASING, IN WHOLE OR IN PART, BONDS, NOTES, OR OTHER FINANCIAL OBLIGATIONS OF THE DISTRICT; SUCH DEBT TO BEAR INTEREST AT A RATE TO BE DETERMINED BY THE DISTRICT BOARD, WHICH INTEREST RATE MAY BE HIGHER THAN THE {.00416752.DOC/} INTEREST RATE BORNE BY THE OBLIGATIONS BEING REFUNDED BUT IN NO EVENT SHALL THE NET EFFECTIVE INTEREST RATE EXCEED 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; THE PRINCIPAL AMOUNT OF SUCH DEBT, TOGETHER WITH ALL OTHER DEBT OF THE DISTRICT AUTHORIZED BY ANY OTHER BALLOT QUESTION AND ALL DEBT ISSUED BY HAYMEADOW METROPOLITAN DISTRICT NOS. 1 AND 3 TO 6, NOT TO EXCEED AN AGGREGATE OF $35,000,000; SUCH DEBT -TO -BE-P-AID-FROM-ANY-LEG-ALLY-AV-AIL-A-BLE-MONEY-S-OF-THE-DISTRICT, INCLUDING WITHOUT LIMITATION FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO.2 BALLOT ISSUE M: (Intergovernmental Agreements with the State or Political Subdivisions) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 2 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO.2 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT AND MULTIPLE-FISCAL YEAR OBLIGATIONS; SUCH DEBT AND OBLIGATIONS TO CONSIST OF ONE OR MORE INTERGOVERNMENTAL AGREEMENTS WITH THE STATE OR ANY POLITICAL SUBDIVISION OF THE STATE, INCLUDING THE TOWN OF EAGLE, COLORADO, AND HAYMEADOW METROPOLITAN DISTRICT NOS. 1 AND 3 TO 6, FOR THE PURPOSE OF JOINTLY FINANCING THE COSTS OF ANY PUBLIC IMPROVEMENTS, FACILITIES, SYSTEMS, PROGRAMS, OR PROJECTS WHICH THE DISTRICT MAY LAWFULLY PROVIDE, OR {00416752.DOC /} FORME PURPOSE OF PROVIDING FOR THE OPERATIONS AND MAINTENANCE OF THE DISTRICT AND ITS FACILITIES AND PROPERTIES; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM THE DISTRICT'S OPERATING MILL LEVY IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET-FORTH ABOVE OR SUCH LESSER.AMOUNT AS MAY BE NECESSARY FOR THE PURPOSES SPECIFIED ABOVE; AND IN CONNECTION THEREWITH SHALL THE DISTRICT BE AUTHORIZED TO MAKE COVENANTS REGARDING THE ESTABLISHMENT AND USE OF AD VALOREM TAXES,.RATES; . FEES, TOLLS, PENALTIES, AND OTHER CHARGES OR REVENUES OF THE DISTRICT; AND COVENANTS, REPRESENTATIONS, AND WARRANTIES AS TO OTHER. . MATTERS ARISING UNDER THE AGREEMENTS, ALL AS MAY BE DETERMINED BY THE BOARD OF DIRECTORS OF THE DISTRICT? YES: Two (2) NO: Zero (0) HAYIVIEADOW METROPOLITAN DISTRICT NO.2 BALLOT ISSUE N: (TABOR Exemption for Revenue). SHALL HAYMEADOW METROPOLITAN DISTRICT NO.2 BE AUTHORIZED TO COLLECT, RETAIN, AND SPEND ANY AND ALL AMOUNTS ANNUALLY FROM ANY REVENUE SOURCES WHATSOEVER (INCLUDING WITHOUT LIMITATION ANY REVENUES FROM AD VALOREM PROPERTY TAXES, TAXES, SPECIFIC OWNERSHIP TA)MS, FEES, RATES, TOLLS, PENALTIES, OR CHARGES; STATE, FEDERAL AND PRIVATE GRANTS AND*GIFTS, OR ANY OTHER SOURCE); AND SHALL SUCH REVENUES BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER AS A VOTER-APPROVED " REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING. IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? 1 YES: One (1) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO.2 BALLOT ISSUE 0: (Developer Agreements) SHALL HAYMEADOW METROPOLITAN DISTRICT NO 2 BE AUTHORIZED TO ENTER INTO AGREEMENTS WITH ANY DEVELOPER OF PROPERTY IN THE DISTRICT FOR THE PURPOSE OF FINANCING THE COSTS OF ANY PUBLIC IMPROVEMENTS, FACILIT I ES, SYSTEMS, OR PROJECTS WHICH THE DISTRICT MAY LAWFULLY PROVIDE, WHICH AGREEMENTS MAY CONSTITUTE DEBT OR INDEBTEDNESS AND MULTIPLE-FISCAL YEAR OBLIGATIONS OF THE DISTRICT TO THE EXTENT PROVIDED THEREIN AND OTHERWISE AUTHORIZED BY LAW, AND IN {00416752.DOC /} • CONNECTION THEREWITH SHALL THE DISTRICT BE AUTHORIZED TO AGREE TO PAY SPECIE' (-D REVENUES. OF THE DISTRICT TO THE DEVELOPERS, TO MAKE COVENANTS REGARDING THE REVENUES OF THE DISTRICT, AND TO MAKE COVENANTS, REPRESENTATIONS, AND WARRANT I FS AS TO OTHER MATTERS ARISING UNDER THE AGREEMENTS, ALL AS MAY BE DETERMINED BY THE BOARD OF DIRECTORS OF THE DISTRICT? YES: NO: Two (2) Zero (0) ITAYMEADOW METROPOLITAN DISTRICT NO. 2 BALLOT ISSUE P: (Mortgage of Property) SHALL HAYMEADOW METROPOLITANDISTRICT NO. 2 BE AUTHORIZED TO ISSUE, CREATE, EXECUTE, AND DELIVER MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, WHETHER NOW OWNED OR HEREAFTER ACQUIRED, AND INCLUDING WITHOUT LIMITATION WATER AND WATER RIGHTS, SUCH ENCUMBRANCES OF' THE DISTRICT AND OF HAYMEADOW METROPOLITAN DISTRICT NOS. 1 AND 3 TO 6 TO BE IN THE AGGREGATE PRINCIPAL AMOUNT NOT TO EXCEED $35,000,000, PLUS INTEREST THEREON AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% • PER ANNUM, ALL AS MAY BE DETERMINED BY THE BOARD OF DIRECTORS TO BE NECESSARY OR APPROPRIATE IN CONNECTION WITH THE ISSUANCE OF BONDS, NOTES, CONTRACTS, OR OTHER FINANCIAL OBLIGATIONS OF THE DISTRICT; SUCH ENCUMBRANCES TO BE CREATED FOR THE PURPOSE OF PROVIDING ADDITIONAL SECURITY FOR DISTRICT FINANCIAL OBLIGATIONS, AND TO BE CREATED AT ONE TIME OR FROM TIME TO TIME; SUCH MORTGAGES, DEEDS OF TRUST, LIENS, OR OTHER ENCUMBRANCES TO ENTITLE THE OWNER OR BENEFICIARY THEREOF TO FORECLOSE UPON AND TAKE TITLE TO AND POSSESSION OF THE DISTRICT PROPERTY SO ENCUMBERED, AND IN CONNECTION THEREWITH SHALL THE DISTRICT BE AUTHORIZED TO MAKE SUCH COVENANTS REGARDING THE USE OF THE ENCUMBERED PROPERTY AND OTHER MATTERS ARISING UNDER THE ENCUMBRANCE, ALL AS MAY BE DETERMINED BY THE BOARD OF DIRECTORS OF THE DISTRICT? YES: Two (2) NO: Zero (0 {00416752.DOC YES: NO: CERTIFIED this 5th day of Novembe ed El ction Official Canv Canvasser Des' Two (2) Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 1 BALLOT QUESTION 0 (Transportation Services) Shall the Haymeadow Metropolitan District No. 1 be authorized to provide transportation services and exercise the power to establish, maintain, and operate a system to transport the public by bus, rail, or any other means of convenience, or any combination thereof; within and without the District boundaries, but only within Eagle County, Colorado, within which the District is located? YES: NO: Two (2) Zero (0) HAYMEADOW-METROPOLIT-AN-DISTRICT-Na.--1-BALLOT- QUESTION-R. (Waiver of Teim Limits) • Shall the limitations on. terms of office of elected members of the Board of Directors of the Haymeadow Metropolitan District No. 1 be eliminated pursuant to Article XVIII, Section 11(2) of the Colorado Constitution? Contact Person for District: Business Address: Telephone Number: David A. Greher Collins Cockrel & Cole 390 Union Boulevard, Suite 400 Denver, Colorado 80228 (303) 986-1551 {00416722.DOC /} EXHIBIT A (Attach Judges' Certificate of Election Returns) {00416752.D0C I) JUDGES' CERTIFICATE OF MAIL BALLOT ELECTION RETURNS AND STATEMENT OF BALLOTS FOR HAYMEADOW METROPOLITAN DISTRICT NO.2 IT IS HEREBY CERTIFIED by the undersigned, who conducted the mail ballot election held in the Haymeadow Metropolitan District No. 2, in Eagle County, Colorado, on the 4th day of November, 2014, that after qualifying by swearing and subscribing to their Oaths of Office, they opened the polls at 7:00 a.m., and that they kept the polls open continuously until the hour of 7:00 p.m. on such date, after which they counted the ballots cast for Directors of the District and for the ballot issues and ballot questions submitted in accordance with the Colorado Local Government Election Code. That the votes cast for Director of the District to act until the first regular election in May, 2016: CANDIDATE FOR DIRECTOR There were no candidates That the votes cast for Director of the District to act until the second regular election in May, 2018: CANDIDATE FOR DIRECTOR NUMBER OF VOTES CAST Jens M. Werner Two (2) Richard Pylman Two (2) That the votes cast for and against the ballot questions and ballot issues submitted were as follows: HAYMEADOW METROPOLITAN DISTRICT NO.2 BALLOT QUESTION A: Shall Haymeadow Metropolitan District No. 2 be organized? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO.2 BALLOT ISSUE B: SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 2 TAXES BE INCREASED $50,000 ANNUALLY (FIRST FULL FISCAL YEAR INCREASE) AND BY SUCH OTHER AMOUNTS COLLECTED IN EACH YEAR THEREAFTER FROM A MILL LEVY IMPOSED AT A RATE NOT TO EXCEED 50.000 MILLS (WITH THE ACTUAL MILL • LEVY RATE FOR ANY FISCAL YEAR TO BE ADJUSTED DOWNWARDS OR UPWARDS BY THE BOARD OF DIRECTORS IN ITS DISCRETION) TO PAY THE DISTRICT'S ADMINISTRATION, OPERATIONS, MAINTENANCE, CAPITAL IMPROVEMENT AND OTHER EXPENSES WITHOUT LIMITATION; PROVIDED THAT SUCH MILL LEVY MAY BE ADJUSTED (A) TO ACCOUNT FOR CHANGES IN THE LAW OR THE METHOD BY WHICH ASSESSED VALUATION IS CALCULATED, INCLUDING A CHANGE IN THE PERCENTAGE OF ACTUAL VALUATION USED TO DETERMINE ASSESSED VALUATION, (B) TO OFFSET ANY PROPERTY TAX CUT OR LIMIT WHICH IS MANDATED BY ARTICLE X, SECTION 20 OR OTHER PROVISIONS OF THE COLORADO CONSTITUTION, AS IT CURRENTLY EXISTS OR AS IT MAY BE AMENDED, AND (C) TO OFFSET REFUNDS AND ABATEMENTS; AND SHALL THE PROCEEDS OF SUCH TAXES AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION, SECTION 29-1-301, C.R.S., OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: NO: Two (2) Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 2 BALLOT ISSUE C: (Debt for Parks and Recreation) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 2 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 2 TAXES BE INCREASED $41,300,000 ANNUALLY,. OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, Li FNS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING PARKS AND RECREATION IMPROVEMENTS AND PROGRAMS AS AUTHORIZED BY LAW, INCLUDING WITHOUT LIMITATION PARKS, TRAILS, PATHS AND OPEN SPACE, TOGETHER WITH ALL NECESSARY, INCIDENTAL AND APPURTENANT FACILITIES, LAND AND EASEMENTS, AND ALL EXTENSIONS OF AND IMPROVEMENTS TO SUCH FACILITIES WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF -RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 2 BALLOT ISSUE D: (Debt for Drainage) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 2 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 2 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING A STORMWATER MANAGEMENT SYSTEM, INCLUDING WITHOUT LIMITATION STORMWATER, SEWER, FLOOD AND SURFACE DRAINAGE FACILITIES AND SYSTEMS, DETENTION/RETENTION PONDS AND ASSOCIATED DRAINAGE FACILITIES, TOGETHER WITH ALL NECESSARY, INCIDENTAL AND APPURTENANT FACILITIES, LAND AND EASEMENTS, AND ALL EXTENSIONS OF AND IMPROVEMENTS TO SUCH FACILITIES WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID PROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING • -T--• FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO.2 BALLOT ISSUE E: (Debt for Street Improvements) SHALL HAYMEADOW METROPOLITAN DISTRICT NO.2 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO.2 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING STREET, ROADWAY AND RELATED LANDSCAPING IMPROVEMENTS, INCLUDING CURBS, GUTTERS, CULVERTS, AND OTHER DRAINAGE FACILIT i HS, PEDESTRIAN WAYS, BRIDGES, ALLEYS, PARKING FACILITIES, PAVING, LIGHTING, GRADING, LANDSCAPING, IRRIGATION, AND STRUCTURES; AND STREET-RELATED ELECTRIC, TELEPHONE, AND GAS; TOGETHER WITH ALL NECESSARY, INCIDENTAL, AND APPURTENANT FACILITIES, LAND AND EASEMENTS, AND ALL EXTENSIONS OF AND IMPROVEMENTS TO SAID FACILITIES WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR' WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: NO: Two (2) Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO.2 BALLOT ISSUE F: (Debt for Water) SHALL HAYMEADOW METROPOLITAN DISTRICT NO.2 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO.2 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST,' LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING COMPLETE POTABLE WATER SYSTEM AND A COMPLETE NONPOTABLE IRRIGATION WATER SYSTEM, INCLUDING BUT NOT LIMITED TO, WATER RIGHTS, WATER SUPPLY, TREATMENT, STORAGE, TRANSMISSION AND DISTRIBUTION SYSTEMS FOR PUBLIC OR PRIVATE PURPOSES, TOGETHER WITH ALL NECESSARY AND PROPER RESERVOIRS, TREATMENT WORKS AND FACILITIES, WELLS, WATER RIGHTS, EQUIPMENT AND APPURTENANCES INCIDENT THERETO WHICH MAY INCLUDE, BUT SHALL NOT BE LIMITED TO, TRANSMISSION LINES, DISTRIBUTION MAINS AND LATERALS, STORAGE FACILITIES, LAND AND EASEMENTS, TOGETHER WITH EXTENSIONS OF AND IMPROVEMENTS TO SAID FACILITIES OR SYSTEMS WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD,. SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: NO: HAYMEADOW METROPOLITAN DISTRICT NO.2 BALLOT ISSUE G: (Debt for Sewer) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 2 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO.2 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LI ENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING SANITARY SEWERS, WASTEWATER TREATMENT AND DISPOSAL WORKS AND FACILITIES, WATER QUALITY FACILITIES, EQUIPMENT AND APPURTENANCES INCIDENT THERETO, TOGETHER: WITH ALL NECESSARY, INCIDENTAL AND APPURTENANT FACILITIES, LAND AND EASEMENTS, AND ALL NECESSARY EXTENSIONS OF AND IMPROVEMENTS TO SAID FACILITIES OR SYSTEMS WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET Two (2) Zero (0) • EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH:INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: NO: Two (2) Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO.2 BALLOT ISSUE H: (Debt for Transportation) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 2 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO.2 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING A SYSTEM TO TRANSPORT THE PUBLIC BY BUS, RAIL, OR ANY OTHER MEANS OF CONVEYANCE, OR ANY COMBINATION THEREOF, TOGETHER WITH ALL NECESSARY, INCIDENTAL AND APPURTENANT FACILITIES, LAND AND EASEMENTS, AND ALL EXTENSIONS OF AND IMPROVEMENTS TO SUCH FACILITIES WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: NO: Two (2) • Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO-2 BALLOT ISSUE I: (Debt for Traffic and Safety Controls) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 2 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 2 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING TRAFFIC AND SAFETY CONTROLS AND DEVICES ON STREETS AND HIGHWAYS AND AT RAILROAD CROSSINGS, TOGETHER WITH ALL NECESSARY, INCIDENTAL AND APPURTENANT FACILITIES, LAND AND EASEMENTS, AND ALL EXTENSIONS OF AND IMPROVEMENTS TO SUCH FACILITIES WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE ArsucH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION ORANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO.2 BALLOT ISSUE J: (Debt for Mosquito Control) SHALL HAYMEADOW METROPOLITAN DISTRICT NO.2 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO.2 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL .AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING IMPROVEMENTS TO PROVIDE FOR THE ELIMINATION AND CONTROL OF MOSQUITOES, TOGETHER WITH ALL NECESSARY, INCIDENTAL AND APPURTENANT FACILITIES, LAND AND EASEMENTS, AND ALL EXTENSIONS OF AND IMPROVEMENTS TO SUCH FACILIT I HS WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND -PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT -BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFIC1T TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE' COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: NO: Two (2) Zero (0) IlAYIVIEADOW METROPOLITAN DISTRICT NO. 2 BALLOT ISSUE K: (Debt for Fire Protection) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 2 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 2 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING FIRE PROTECTION, TOGETHER WITH ALL NECESSARY, INCIDENTAL AND APPURTENANT FACILITIES, LAND AND EASEMENTS, AND ALL EXTENSIONS OF AND IMPROVEMENTS TO SUCH FACILITIES WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF. THE DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO.2 BALLOT ISSUE L: (Debt for Refunding) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 2 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO.2 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF REFUNDING, PAYING, OR DEFEASING, IN WHOLE OR IN PART, BONDS, NOTES, OR OTHER FINANCIAL OBLIGATIONS OF THE DISTRICT; SUCH DEBT TO BEAR INTEREST AT A RATE TO BE DETERMINED BY THE DISTRICT BOARD, WHICH INTEREST RATE. MAY BE HIGHER THAN THE INTEREST RATE BORNE BY THE OBLIGATIONS BEING REFUNDED BUT IN NO EVENT SHALL THE NET EFFECTIVE INTEREST RATE EXCEED 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; THE PRINCIPAL AMOUNT OF SUCH DEBT, TOGETHER WITH ALL OTHER DEBT OF THE DISTRICT AUTHORIZED BY ANY OTHER BALLOT QUESTION AND ALL DEBT ISSUED BY HAYMEADOW METROPOLITAN DISTRICT NOS. 1 AND 3 TO 6, NOT TO EXCEED AN AGGREGATE OF $35,000,000; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING WITHOUT LIMITATION FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE. USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: NO: Two (2) Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 2 BALLOT ISSUE M: (Intergovernmental Agreements with the State or Political Subdivisions) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 2 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 2 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT AND MULTIPLE-FISCAL YEAR OBLIGATIONS; SUCH DEBT AND OBLIGATIONS TO CONSIST OF ONE OR MORE INTERGOVERNMENTAL AGREEMENTS WITH THE STATE OR ANY POLITICAL SUBDIVISION OF THE STATE, INCLUDING THE TOWN OF EAGLE, COLORADO, AND HAYMEADOW METROPOLITAN DISTRICT NOS. 1 AND 3 TO 6, FOR THE PURPOSE OF JOINTLY FINANCING THE COSTS OF ANY PUBLIC IMPROVEMENTS, FACILID ES, SYSTEMS, PROGRAMS, OR PROJECTS WHICH THE DISTRICT MAY LAWFULLY PROVIDE, OR FOR THE PURPOSE OF PROVIDING FOR THE OPERATIONS AND MAINTENANCE OF THE DISTRICT AND ITS FACILITIES AND PROPERTIES; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM THE DISTRICT'S OPERATING MILL LEVY IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY FOR THE PURPOSES SPECIFIED ABOVE; AND IN CONNECTION THEREWITH SHALL THE DISTRICT BE AUTHORIZED TO MAKE COVENANTS REGARDING THE ESTABLISHMENT AND USE OF AD VALOREM TAXES, RATES, FEES, TOLLS, PENALTIES, AND OTHER CHARGES OR REVENUES OF THE DISTRICT, AND COVENANTS, REPRESENTATIONS, AND WARRANTIES AS TO OTHER MATTERS ARISING UNDER THE AGREEMENTS, ALL AS MAY BE DETERMINED BY THE BOARD OF DIRECTORS OF THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 2 BALLOT ISSUE N: (TABOR Exemption for Revenue) SHALL HAYMEADOW METROPOLITAN DISTRICT NO.2 BE AUTHORIZED TO COLLECT, RETAIN, AND SPEND ANY AND ALL AMOUNTS ANNUALLY FROM ANY REVENUE SOURCES WHATSOEVER (INCLUDING WITHOUT LIMITATION ANY REVENUES FROM AD VALOREM PROPERTY TAXES, TAXES, SPECIFIC OWNERSHIP TAXES, FEES, RATES, TOLLS, PENALTIES, OR CHARGES, STATE, FEDERAL AND PRIVATE GRANTS AND GIFTS, OR ANY OTHER SOURCE); AND SHALL SUCH REVENUES BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER AS A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: NO: One (1) Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO.2 BALLOT ISSUE 0: (Developer Agreements) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 2 BE AUTHORIZED TO ENTER INTO AGREEMENTS WITH ANY DEVELOPER OF PROPERTY IN THE DISTRICT FOR THE PURPOSE OF FINANCING THE COSTS OF ANY PUBLIC IMPROVEMENTS, FACILITIES, SYSTEMS, OR PROJECTS WHICH THE DISTRICT MAY LAWFULLY PROVIDE, WHICH AGREEMENTS MAY CONSTITUTE DEBT OR INDEBTEDNESS AND MULTIPLE-FISCAL YEAR OBLIGATIONS OF THE DISTRICT TO THE EXTENT PROVIDED THEREIN AND OTHERWISE AUTHORIZED BY LAW, AND IN CONNECTION THEREWITH SHALL THE DISTRICT BE AUTHORIZED TO AGREE TO PAY SPECIFIRD REVENUES OF THE DISTRICT TO THE DEVELOPERS, TO MAKE COVENANTS REGARDING THE REVENUES OF THE DISTRICT, AND TO MAKE COVENANTS, REPRESENTATIONS, AND WARRANTIES AS TO OTHER MATTERS ARISING UNDER THE AGREEMENTS, ALL AS MAY BE DETERMINED BY THE . BOARD OF DIRECTORS OF THE DISTRICT? YES: NO: Two (2) Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO.2 BALLOT ISSUE P: (Mortgage of Property) SHALL HAYMEADOW METROPOLITAN DISTRICT NO.2 BE AUTHORIZED TO ISSUE, CREATE, EXECUTE, AND DELIVER MORTGAGES, DEEDS OF TRUST, LI I-NS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, • WHETHER NOW OWNED OR HEREAFTER ACQUIRED, AND INCLUDING WITHOUT LIMITATION WATER AND WATER RIGHTS, SUCH ENCUMBRANCES OF THE DISTRICT AND OF HAYMEADOW METROPOLITAN DISTRICT NOS. 1 AND 3 TO 6 TO BE IN THE AGGREGATE PRINCIPAL AMOUNT NOT TO EXCEED $35,000,000, PLUS INTEREST THEREON AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, ALL AS MAY BE DETERMINED BY THE BOARD OF DIRECTORS TO BE NECESSARY OR APPROPRIATE IN CONNECTION WITH THE ISSUANCE OF BONDS, NOTES, CONTRACTS, OR OTHER FINANCIAL OBLIGATIONS OF THE DISTRICT; SUCH ENCUMBRANCES TO BE CREATED FOR THE PURPOSE OF PROVIDING ADDITIONAL SECURITY FOR DISTRICT FINANCIAL OBLIGATIONS, AND TO BE CREATED AT ONE TIME OR FROM TIME TO TIME; SUCH MORTGAGES, DEEDS OF TRUST, LIENS, OR OTHER ENCUMBRANCES TO ENTITLE THE OWNER OR BENEFICIARY THEREOF TO FORECLOSE UPON AND TAKE TITLE TO AND POSSESSION OF THE DISTRICT PROPERTY SO ENCUMBERED, AND IN CONNECTION THEREWITH SHALL THE DISTRICT BE AUTHORIZED TO MAKE SUCH COVENANTS REGARDING THE USE OF THE ENCUMBERED PROPERTY AND OTHER MATTERS ARISING UNDER THE ENCUMBRANCE, ALL AS MAY BE DETERMINED BY THE BOARD OF DIRECTORS OF THE DISTRICT? YES: NO: Two (2) Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO.2 BALLOT QUESTION Q (Transportation Services) Shall the Haymeadow Metropolitan District No. 2 be authorized to provide transportation services and exercise the power to establish, maintain, and operate a system to transport the public by bus, rail, or any other means of convenience, or any combination thereof, within and without the District boundaries, but only within Eagle County, Colorado, within which the District is located? YES: Two (2) NO: Zero (0) HAYIVIEADOW METROPOLITAN DISTRICT NO. 2 BALLOT QUESTION R (Waiver of Term Limits) Shall the limitations on teaus of.office of elected members of the Board of Directors of the Haymeadow Metropolitan District No. 2 be eliminated pursuant to Article XVIII, Section 11(2) of the Colorado Constitution? YES: Two (2) NO: Zero (0) It is hereby identified and specified that: Total Number of Ballots Delivered to Electors (including UOCAVA ballots): Total Number of Ballots Voted (including UOCAVA ballots): Number of Ballots Returned Undelivered: Number of Spoiled Ballots (Replacement Ballot issued): Number of Rejected Ballots: Number of Defective Ballots: Number of Substitute Ballots Voted:' Number of Unofficial Ballots Voted: Total Number of Ballots Returned to Designated Election Official (including UOCAVA ballots): Certified this 4th day of November, 2014. Three (3) Two (2) Zero (0) One (1) Zero' (0) Zero (0) Zero (0) Zero (0) Two (2) CANVASS BOARD'S CERTIFICATE OF DETERMINATION OF OFFICIAL ELECTION RESULTS FORTH F. SPECIAL ORGANIZATION ELECTION YIELD NOVEMBER 4, 2014 FOR THE HAYMEADOW METROPOLITAN DISTRICT NO.3 Each of the undersigned members of the Canvass Board of the Haymeadow Metropolitan District No. 3 ("District") certifies that the following is a true and correct determination of the official election results of the special organization election of the District, at which time the eligible electors of the District voted as indicated on the attached Judges' Certificate of Election Returns, and as a result of which the eligible electors elected to office the following Directors: Jens M. Werner Term to May, 2018 P.O. Box 2964 Avon, Colorado 81620 Richard J. Pylman Term to May, 2018 P.O. Box 1195 . • Edwards, Colorado 81632 Vacancy Term to May, 2018 Vacancy Term to May, 2016 Vacancy Term to May, 2016 The votes cast for and against each ballot issue and ballot question submitted were as follows: HAYMEADOW METROPOLITAN DISTRICT NO.3 BALLOT QUESTION A: Shall Haymeadow Metropolitan District No 3 be organized? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO.3 BALLOT ISSUE B: SHALL HAYMEADOW METROPOLITAN DISTRICT NO 3 TAXES BE INCREASED $50,000 ANNUALLY (FIRST FULL FISCAL YEAR INCREASE) AND BY SUCH OTHER AMOUNTS COLLECTED IN EACH YEAR THEREAFTER FROM A MILL LEVY IMPOSED AT A RATE NOT TO EXCEED 50.000 MILLS (WITH THE ACTUAL MILL LEVY RATE FOR ANY FISCAL YEAR TO BE ADJUSTED DOWNWARDS OR UPWARDS BY THE BOARD OF DIRECTORS IN ITS DISCRETION) TO PAY THE DISTRICT'S ADMINISTRATION, OPERATIONS, MAINTENANCE, CAPITAL IMPROVEMENT AND OTHER EXPENSES WITHOUT LIMITATION; PROVIDED THAT SUCH MILL LEVY MAY BE ADJUSTED (A) TO ACCOUNT FOR CHANGES IN THE LAW OR THE METHOD BY WHICH ASSESSED VALUATION IS CALCULATED, INCLUDING A {00416758.DOC I} . CHANGE IN THE PERCENTAGE OF ACTUAL VALUATION USED TO DETERMINE ASSESSED VALUATION, (B) TO OFFSET ANY PROPERTY TAX CUT OR LIMIT WHICH IS MANDATED BY ARTICLE X, SECTION 20 OR OTHER PROVISIONS OF THE COLORADO CONSTITUTION, AS IT CURRENTLY EXISTS OR AS IT MAY BE AMENDED, AND (C) TO OFFSET REFUNDS AND ABATEMENTS; AND SHALL THE PROCEEDS OF SUCH TAXES AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION, SECTION 29-1-301, C.R.S., OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 3 BALLOT ISSUE C: (Debt for Parks and Recreation) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 3 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 3 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LI F.NS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING PARKS AND RECREATION IMPROVEMENTS AND PROGRAMS AS AUTHORIZED BY LAW, INCLUDING WITHOUT LIMITATION PARKS, TRAILS, PATHS AND OPEN SPACE, TOGETHER WITH ALL NECESSARY, INCIDENTAL AND APPURTENANT .FACILIT hS, LAND AND EASEMENTS, AND ALL EXTENSIONS OF AND IMPROVEMENTS TO SUCH FACILITIES WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS {00416758.DOC MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFEICI I-4NT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE-NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 3 BALLOT ISSUE D: (Debt for Drainage) SHALL HAYMEADOW METROPOLITAN DISTRICT NO..3 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 3 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LI HNS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING A STORMWATER MANAGEMENT SYSTEM, INCLUDING WITHOUT LIMITATION STORMWATER, SEWER, FLOOD AND SURFACE DRAINAGE FACILITIES AND SYSTEMS, DETENTION/RETENTION PONDS AND ASSOCIATED DRAINAGE FACILITIES, TOGETHER WITH ALL NECESSARY, INCIDENTAL AND APPURTENANT FACILIT1HS, LAND AND EASEMENTS, AND ALL EXTENSIONS OF AND IMPROVEMENTS TO SUCH FACILITIES WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON. SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE (00416758.DOC I) PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICI HNT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 3 BALLOT ISSUE E: (Debt for Street Improvements) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 3 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 3 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LI NNS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANaING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING STREET, ROADWAY AND RELATED LANDSCAPING IMPROVEMENTS, INCLUDING CURBS, GUTTERS, CULVERTS, AND OTHER DRAINAGE FACILITIES, PEDESTRIAN WAYS, BRIDGES, ALLEYS, PARKING FACILITI F:S, PAVING, LIGHTING, GRADING, LANDSCAPING, IRRIGATION, AND STRUCTURES; AND STREET-RELATED ELECTRIC, TELEPHONE, AND GAS; TOGETHER WITH ALL NECESSARY, INCIDENTAL, AND APPURTENANT FACILITIES, LAND AND EASEMENTS, AND ALL EXTENSIONS OF AND IMPROVEMENTS TO SAID FACILITIES WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND {00416758.DOC CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF TIE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 3 BALLOT ISSUE F: (Debt for Water) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 3 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 3 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING COMPLETE POTABLE WATER SYSTEM AND A COMPLETE NONPOTABLE IRRIGATION WATER SYSTEM, INCLUDING BUT NOT LIMITED TO, WATER RIGHTS, WATER SUPPLY, TREATMENT, STORAGE, TRANSMISSION AND DISTRIBUTION SYSTEMS FOR PUBLIC OR PRIVATE PURPOSES, TOGETHER WITH ALL NECESSARY AND PROPER RESERVOIRS, TREATMENT WORKS AND FACILITIES, WELLS, WATER RIGHTS, EQUIPMENT AND APPURTENANCES INCIDENT THERETO WHICH MAY INCLUDE, BUT SHALL NOT BE LIMITED TO, TRANSMISSION LINES, DISTRIBUTION MAINS AND LATERALS, STORAGE FACILIT KS, LAND AND EASEMENTS, TOGETHER WITH EXTENSIONS OF AND IMPROVEMENTS TO SAID FACILIT 114,S OR SYSTEMS WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR {00416758.DOC INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OFI8%PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL LEVY B/POSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO.3 BALLOT ISSUE G: (Debt for Sewer) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 3 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO.3 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING SANITARY SEWERS, WASTEWATER TREATMENT AND DISPOSAL WORKS AND FACILIT I WATER QUALITY FACILITIES, EQUIPMENT AND APPURTENANCES INCIDENT THERETO, TOGETHER WITH ALL NECESSARY, INCIDENTAL AND APPURTENANT FACILITIES, LAND AND EASEMENTS, AND ALL NECESSARY EXTENSIONS OF AND {00416758.DOC IMPROVEMENTS TO SAID FACILIT I HS OR:SYSTEMS WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO.3 BALLOT ISSUE H: (Debt for Transportation) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 3 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO.3 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING A SYSTEM TO TRANSPORT THE PUBLIC BY BUS, RAIL, OR ANY OTHER MEANS OF CONVEYANCE, OR ANY COMBINATION THEREOF, TOGETHER WITH ALL NECESSARY, INCIDENTAL AND APPURTENANT FACILITTES, LAND AND {00416758.DOC EASEMENTS, AND ALL EXTENSIONS OF AND IMPROVEMENTS TO SUCH FACILITY KS WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERIVIINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 3 BALLOT ISSUE I: (Debt for Traffic and Safety Controls) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 3 DEBT BE INCREASED $35,000,000, WITH A TOTAL. REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 3 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING TRAFFIC AND SAFETY CONTROLS AND DEVICES ON STREETS AND HIGHWAYS AND AT RAILROAD CROSSINGS, TOGETHER WITH ALL NECESSARY, INCIDENTAL AND (00416758.DOC /} APPURTENANT FACILIT I FS, LAND AND EASEMENTS, AND ALL EXTENSIONS OF AND IMPROVEMENTS TO SUCH FACILITIES WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO.3 BALLOT ISSUE J: (Debt for Mosquito Control) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 3 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO.3 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING IMPROVEMENTS TO PROVIDE FOR THE ELIMINATION AND CONTROL OF MOSQUITOES, TOGETHER WITH ALL NECESSARY, INCIDENTAL AND (00416758.DOC APPURTENANT FACILITIES, LAND AND EASEMENTS, AND ALL EXTENSIONS OF AND IMPROVEMENTS TO SUCH FACILITI ES WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 3 BALLOT ISSUE K: (Debt for Fire Protection) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 3 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 3 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING FIRE PROTECTION, TOGETHER WITH ALL NECESSARY, INCIDENTAL AND APPURTENANT FACILITIES, LAND AND EASEMENTS, AND ALL EXTENSIONS OF {00416758.DOC ANDAMPROVEMENTS TO SUCH FACILIT I HS WITHIN- AND WITHOUT THE-. • BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING "REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: Two (2) Zero (0) NO: HAYMEADOW METROPOLITAN DISTRICT NO.3 BALLOT ISSUE L: (Debt for Refunding) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 3 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO.3 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF REFUNDING, PAYING, OR DEFEASING, IN WHOLE OR IN PART, BONDS, NOTES, OR OTHER FINANCIAL OBLIGATIONS OF THE DISTRICT; SUCH DEBT TO BEAR INTEREST AT A RATE TO BE DETERMINED BY THE DISTRICT BOARD, WHICH INTEREST RATE MAY BE HIGHER THAN THE INTEREST RATE BORNE BY THE OBLIGATIONS BEING REFUNDED BUT IN NO EVENT SHALL THE NET EFFECTIVE INTEREST RATE EXCEED 18% PER ANNUM, {00416758.DOC SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; THE PRINCIPAL AMOUNT OF SUCH DEBT, TOGETHER WITH ALL OTHER DEBT OF THE DISTRICT AUTHORIZED BY ANY OTHER BALLOT QUESTION AND ALL DEBT ISSUED BY HAYMEADOW METROPOLITAN DISTRICT NOS. 1, 2 AND 4 TO 6, NOT TO EXCEED AN AGGREGATE OF $35,000,000; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING WITHOUT LIMITATION FROM A MILL LEVY IMPOSED. WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF .SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: Two (2) NO: Zero (0) IlAYIVIEADOW METROPOLITAN DISTRICT NO. 3 BALLOT ISSUE M: (Intergovernmental Agreements with the State or Political Subdivisions) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 3 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 3 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT AND MULTIPLE-FISCAL YEAR OBLIGATIONS; SUCH DEBT AND OBLIGATIONS TO CONSIST OF ONE OR MORE INTERGOVERNMENTAL AGREEMENTS WITH THE STATE OR ANY POLITICAL SUBDIVISION OF THE STATE, INCLUDING THE TOWN OF EAGLE, COLORADO, AND HAYMEADOW METROPOLITAN DISTRICT NOS. 1, 2 AND 4 TO 6, FOR THE PURPOSE OF JOINTLY FINANCING THE COSTS OF ANY PUBLIC IMPROVEMENTS, FACILITIES, SYSTEMS, PROGRAMS, OR PROJECTS WHICH THE DISTRICT MAY LAWFULLY PROVIDE, OR FOR THE PURPOSE OF PROVIDING FOR THE OPERATIONS AND MAINTENANCE OF THE DISTRICT AND ITS FACILITIES AND PROPERTIES; SUCH DEBT TO BE PAID {00416758.DOC I} FROM ANY LEGALLY AVATT ABLE MONEYS OF THE DISTRICT, INCLUDING FROM THE DISTRICT'S OPERATING MILL LEVY IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY FOR THE PURPOSES SPECIFIED ABOVE; AND IN CONNECTION THEREWITH SHALL THE DISTRICT BE AUTHORIZED TO MAKE COVENANTS REGARDING THE ESTABLISHMENT AND USE OF AD VALOREM TAXES, RATES, FEES, TOLLS, PENALTIES, AND OTHER CHARGES OR REVENUES OF THE DISTRICT, AND COVENANTS, REPRESENTATIONS, AND WARRANT! HS AS TO OTHER MATTERS ARISING UNDER THE AGREEMENTS, ALL AS MAY BE DETERMINED BY. THE BOARD OF DIRECTORS OF THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO.3 BALLOT ISSUE N: (TABOR Exemption for Revenue) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 3 BE AUTHORIZED TO COLLECT, RETAIN, AND SPEND ANY AND ALL AMOUNTS ANNUALLY FROM ANY REVENUE SOURCES WHATSOEVER (INCLUDING WITHOUT LIMITATION ANY REVENUES FROM AD VALOREM PROPERTY TAXES, TAXES, SPECIFIC OWNERSHIP TAXES, FEES, RATES, TOLLS, PENALTIES, OR CHARGES, STATE, FEDERAL AND PRIVATE GRANTS AND GIFTS, OR ANY OTHER SOURCE); AND SHALL SUCH REVENUES BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER AS A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO.3 BALLOT ISSUE 0: (Developer Agreements) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 3 BE AUTHORIZED TO ENTER INTO AGREEMENTS WITH ANY DEVELOPER OF PROPERTY IN THE DISTRICT FOR THE PURPOSE OF FINANCING THE COSTS OF ANY PUBLIC IMPROVEMENTS, FACILIT I ES, SYSTEMS, OR PROJECTS WHICH THE DISTRICT MAY LAWFULLY PROVIDE, WHICH AGREEMENTS MAY CONSTITUTE DEBT OR INDEBTEDNESS AND MULTIPLE-FISCAL YEAR OBLIGATIONS OF THE DISTRICT TO THE EXTENT PROVIDED THEREIN AND OTHERWISE AUTHORIZED BY LAW, AND IN CONNECTION THEREWITH SHALL THE DISTRICT BE AUTHORIZED TO AGREE TO PAY SPECIF I REVENUES OF THE DISTRICT TO THE DEVELOPERS, TO MAKE f 00416758.DOC COVENANTS REGARDING THE REVENUES OF THE DISTRICT; AND TO MADE COVENANTS, REPRESENTATIONS, AND WARRANTIES AS TO OTHER MATTERS ARISING UNDER THE AGREEMENTS, ALL AS MAY BE DETERMINED BY THE BOARD OF DIRECTORS OF THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO.3 BALLOT ISSUE P: (Mortgage of Property) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 3 BE AUTHORIZED TO ISSUE, CREATE, EXECUTE, AND DELIVER MORTGAGES, DEEDS OF TRUST, LI KNS, AND . OTHER. ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, . WHETHER NOW OWNED OR HEREAFTER ACQUIRED, AND INCLUDING WITHOUT LIMITATION WATER AND WATER RIGHTS, SUCH ENCUMBRANCES OF THE DISTRICT AND OF. HAYMEADOW METROPOLITAN DISTRICT NOS. 1, 2 AND 4 TO 6 TO BE IN THE AGGREGATE PRINCIPAL AMOUNT NOT TO EXCEED $35,000,000, PLUS INTEREST THEREON AT A NET EFFECTIVEINTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, ALL AS MAY BE DETERMINED BY THE BOARD OF DIRECTORS TO BE NECESSARY OR APPROPRIATE IN CONNECTION WITH THE ISSUANCE OF BONDS, NOTES, CONTRACTS, OR OTHER FINANCIAL OBLIGATIONS OF THE DISTRICT; SUCH ENCUMBRANCES TO BE CREATED FOR THE PURPOSE OF PROVIDING ADDITIONAL SECURITY FOR DISTRICT FINANCIAL OBLIGATIONS, AND TO BE CREATED AT ONE TIME OR FROM TIME TO TIME; SUCH MORTGAGES, DEEDS OF TRUST, LIENS, OR OTHER ENCUMBRANCES TO ENTITLE THE OWNER OR BENEFICIARY THEREOF. TO FORECLOSE UPON AND TAKE TITLE TO AND POSSESSION OF THE DISTRICT PROPERTY SO ENCUMBERED, AND IN CONNECTION THEREWITH SHALL THE DISTRICT BE AUTHORIZED TO MAKE SUCH COVENANTS REGARDING THE USE OF THE ENCUMBERED PROPERTY AND OTHER MATTERS ARISING UNDER THE ENCUMBRANCE, ALL AS MAY BE DETERMINED BY THE BOARD OF DIRECTORS OF THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO.3 BALLOT QUESTION Q (Transportation Services) Shall the Haymeadow Metropolitan District No. 3 be authorized to provide transportation services and exercise the power to establish, maintain, and operate a system to transport the f00416758.DOC /). YES: NO: CERTFF t1-0 this 5th day of Novembe Canvasser Two (2) Zero (0) public by bus, rail, or any other means of convenience, or any coinbination thereof, within and without the District boundaries, but only within Eagle County, Colorado, within which the District is located? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 3 BALLOT QUESTION R (Waiver of Term Limits) Shall the limitations on terms of office of elected members of the Board of Directors of the Haymeadow Metropolitan District No. 3 be eliminated pursuant to Article XVIII, Section 11(2) of the Colorado Constitution? Contact Person for District: David A. Greher Collins Cockrel & Cole Business Address: 390 Union Boulevard, Suite 400 Denver, Colorado 80228 Telephone Number: (303) 986-1551 {00416758.DOC I) EXHIBIT A (Attach Judges' Certificate of Election Returns) (00416758.DOC JUDGES' CERTIFICATE OF MAIL BALLOT ELECTION RETURNS AND STATEMENT OF BALLOTS FOR HAYMEADOW METROPOLITAN DISTRICT NO. 3 IT IS HEREBY CERTIF I HD by the undersigned, who conducted the mail ballot election held in the Haymeadow Metropolitan District No. 3, in Eagle County, Colorado, on the 4th day of November, 2014, that after qualifying by swearing and subscribing to their Oaths of Office, they opened the polls at 7:00 a.m., and that they kept the polls open continuously until the hour of 7:00 p.m. on such date, after which they counted the ballots cast for Directors of the District and for the ballot issues and ballot questions submitted in accordance with the Colorado Local Government Election Code. That the votes cast for Director of the District to act until the first regular election in May, 2016: CANDIDATE FOR DIRECTOR There, were no candidates That the votes cast for Director of the District to act until the second regular election in May, 2018: CANDIDATE FOR DIRECTOR NUMBER OF VOTES CAST Jens M. Werner Richard Pylman Two (2) Two (2) That the votes cast for and against the ballot questions and ballot issues submitted were as follows: HAYMEADOW METROPOLITAN DISTRICT NO.3 BALLOT QUESTION A: Shall Haymeadow Metropolitan District No. 3 be organized? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO.3 BALLOT ISSUE B: SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 3 TAXES BE INCREASED $50,000 ANNUALLY (FIRST FULL FISCAL YEAR INCREASE) AND BY SUCH OTHER AMOUNTS COLLECTED IN EACH YEAR THEREAFTER FROM A MILL LEVY IMPOSED AT A RATE NOT TO EXCEED 50.000 MILLS (WITH THE ACTUAL MILL LEVY RATE FOR ANY FISCAL YEAR TO BE ADJUSTED DOWN-WARDS OR UPWARDS BY THE BOARD OF DIRECTORS IN ITS DISCRETION) TO PAY THE DISTRICT'S ADMINISTRATION, OPERATIONS, MAINTENANCE, CAPITAL IMPROVEMENT AND OTHER EXPENSES WITHOUT LIMITATION; PROVIDED THAT SUCH MILL LEVY MAY BE ADJUSTED (A) TO ACCOUNT FOR CHANGES IN THE LAW OR THE METHOD BY WHICH ASSESSED VALUATION IS CALCULATED, INCLUDING A CHANGE IN THE PERCENTAGE OF ACTUAL VALUATION USED TO DETERMINE ASSESSED VALUATION, (B) TO OFFSET ANY PROPERTY TAX CUT OR LIMIT WHICH IS MANDATED BY ARTICLE X, SECTION 20 OR OTHER PROVISIONS OF THE COLORADO CONSTITUTION, AS IT CURRENTLY EXISTS OR AS IT MAY BE AMENDED, AND (C) TO OFFSET REFUNDS AND ABATEMENTS; AND SHALL THE PROCEEDS OF SUCH TAXES AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION, SECTION 29-1-301, C.R.S., OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 3 BALLOT ISSUE C: (Debt for Parks and Recreation) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 3 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 3 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LTF,NS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING PARKS AND RECREATION IMPROVEMENTS AND PROGRAMS AS AUTHORIZED BY LAW, INCLUDING WITHOUT LIMITATION PARKS, TRAILS, PATHS AND OPEN SPACE, TOGETHER WITH ALL NECESSARY, INCIDENTAL AND APPURTENANT FACILITIES, LAND AND EASEMENTS, AND ALL EXTENSIONS OF AND IMPROVEMENTS TO SUCH FACILITIES WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICII-iNI. . . TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: Two (2) NO: Zero (d) HAYMEADOW METROPOLITAN DISTRICT NO. 3 BALLOT ISSUE D: (Debt for Drainage) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 3 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 3 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, URNS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING A STORMWATER MANAGEMENT SYSTEM, INCLUDING WITHOUT LIMITATION STORMWATER, SEWER, FLOOD AND SURFACE DRAINAGE FACILITIES AND SYSTEMS, DETENTION/RETENTION PONDS AND ASSOCIATED DRAINAGE FACILITIES, TOGETHER WITH ALL NECESSARY, INCIDENTAL AND APPURTENANT FACILITIES, LAND AND EASEMENTS, AND ALL EXTENSIONS OF AND IMPROVEMENTS TO SUCH FACILITIES WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 3 BALLOT ISSUE E: (Debt for Street Improvements) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 3 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 3 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING STREET, ROADWAY AND RELATED LANDSCAPING IMPROVEMENTS, INCLUDING CURBS, GUTTERS, CULVERTS, AND OTHER DRAINAGE FACILITIES, PEDESTRIAN WAYS, BRIDGES, ALLEYS, PARKING FACILITY FS, PAVING, LIGHTING, GRADING, LANDSCAPING, IRRIGATION, AND STRUCTURES; AND STREET-RELATED ELECTRIC, TELEPHONE, AND GAS; TOGETHER WITH ALL NECESSARY, INCIDENTAL, AND APPURTENANT FACILITI KS, LAND AND EASEMENTS, AND ALL EXTENSIONS OF AND IMPROVEMENTS TO SAID FACILITIES WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAM FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICIPNT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 3 BALLOT ISSUE F: (Debt for Water) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 3 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 3 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING COMPLETE POTABLE WATER SYSTEM AND A COMPLETE NONPOTABLE IRRIGATION WATER SYSTEM, INCLUDING BUT NOT LIMITED TO, WATER RIGHTS, WATER SUPPLY, TREATMENT, STORAGE, TRANSMISSION AND DISTRIBUTION SYSTEMS FOR PUBLIC OR PRIVATE PURPOSES, TOGETHER WITH ALL NECESSARY AND PROPER RESERVOIRS, TREATMENT WORKS AND FACILITIES, WELLS, WATER RIGHTS, EQUIPMENT AND APPURTENANCES INCIDENT THERETO WHICH MAY INCLUDE, BUT SHALL NOT BE LIMITED TO, TRANSMISSION LINES, DISTRIBUTION MAINS AND LATERALS, STORAGE FACILITIES, LAND AND EASEMENTS, TOGETHER WITH EXTENSIONS OF AND IMPROVEMENTS TO SAID FACILIT HS OR SYSTEMS WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT • •• BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 3 BALLOT ISSUE G: (Debt for Sewer) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 3 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 3 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LI ENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING SANITARY SEWERS, WASTEWATER TREATMENT AND DISPOSAL WORKS AND FACILITIES, WATER QUALITY FACILITIES, EQUIPMENT AND APPURTENANCES INCIDENT THERETO, TOGETHER WITH ALL NECESSARY, INCIDENTAL AND APPURTENANT FACILITIES, LAND AND EASEMENTS, AND ALL NECESSARY EXTENSIONS OF AND IMPROVEMENTS TO SAID FACILITIES OR SYSTEMS WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMTNED.BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND TN. AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 3 BALLOT ISSUE H: (Debt for Transportation). SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 3 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 3 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING A SYSTEM TO TRANSPORT THE PUBLIC BY BUS, RAIL, OR ANY OTHER MEANS OF CONVEYANCE, OR ANY COMBINATION THEREOF, TOGETHER WITH ALL NECESSARY, INCIDENTAL AND APPURTENANT FACILITY FS, LAND AND EASEMENTS, AND ALL EXTENSIONS OF AND IMPROVEMENTS TO SUCH FACILITIES WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARWSUCH DEBT TO BE SOLD IN ONE SERIES OR MORE ATA PRICE ',I' ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF. SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: Two (2) . NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 3 BALLOT ISSUE I: (Debt for Traffic and Safety Controls) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 3 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 3 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING TRAFFIC AND SAFETY CONTROLS AND DEVICES ON STREETS AND HIGHWAYS AND AT RAILROAD CROSSINGS, TOGETHER WITH ALL NECESSARY, INCIDENTAL AND APPURTENANT FACILITIES, LAND AND EASEMENTS, AND ALL EXTENSIONS OF AND IMPROVEMENTS TO SUCH FACILITIES WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE;BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF TUE DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO.3 BALLOT ISSUE J: (Debt for Mosquito Control) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 3 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO.3 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING IMPROVEMENTS TO PROVIDE FOR THE ELIMINATION AND CONTROL OF MOSQUITOES, TOGETHER WITH ALL NECESSARY, INCIDENTAL AND APPURTENANT FACILITIES, LAND AND EASEMENTS, AND ALL EXTENSIONS OF AND IMPROVEMENTS TO SUCH FACILITIES WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 3 BALLOT ISSUE K: (Debt for Fire Protection) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 3 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 3 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING FIRE PROTECTION, TOGETHER WITH ALL NECESSARY, INCIDENTAL AND APPURTENANT FACILITY ES, LAND AND EASEMENTS, AND ALL EXTENSIONS OF AND IMPROVEMENTS TO SUCH FACILITIES WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OFATREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE . COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 3 BALLOT ISSUE L: (Debt for Refunding) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 3 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 3 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE.NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED. OR INCURRED FOR THE PURPOSE OF REFUNDING, PAYING, OR DEFEASING, IN WHOLE OR IN PART, BONDS, NOTES, OR OTHER FINANCIAL OBLIGATIONS OF THE DISTRICT; SUCH DEBT TO BEAR INTEREST AT A RATE TO BE DETERMINED BY THE DISTRICT BOARD, WHICH INTEREST RATE MAY BEIIIGHER THAN THE INTEREST RATE BORNE BY THE OBLIGATIONS BEING REFUNDED BUT IN NO EVENT SHALL THE NET EFFECTIVE INTEREST RATE EXCEED 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS-THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; THE PRINCIPAL AMOUNT OF SUCH DEBT, TOGETHER WITH ALL OTHER DEBT OF THE DISTRICT AUTHORIZED BY ANY OTHER BALLOT . QUESTION AND ALL DEBT ISSUED BY HAYMEADOW METROPOLITAN DISTRICT NOS. 1, 2 AND 4 TO 6, NOT TO EXCEED AN AGGREGATE OF $35,000,000; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING WITHOUT LIMITATION FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO.3 BALLOT ISSUE M: (Intergovernmental Agreements with the State or Political Subdivisions) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 3 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO.3 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT AND MULTIPLE-FISCAL YEAR OBLIGATIONS; SUCH DEBT AND OBLIGATIONS TO CONSIST OF ONE OR MORE INTERGOVERNMENTAL AGREEMENTS WITH THE STATE OR ANY POLITICAL SUBDIVISION OF THE STATE, INCLUDING THE TOWN OF EAGLE, COLORADO, AND HAYMEADOW METROPOLITAN DISTRICT NOS. 1, 2 AND 4 TO 6, FOR THE PURPOSE OF JOINTLY FINANCING THE COSTS OF ANY PUBLIC IMPROVEMENTS, FACILITIES, SYSTEMS, PROGRAMS, OR PROJECTS WHICH THE DISTRICT MAY LAWFULLY PROVIDE, OR FOR THE PURPOSE OF PROVIDING FOR THE OPERATIONS AND MAINTENANCE OF THE DISTRICT AND ITS FACILITTES AND PROPERTIES; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM THE DISTRICT'S OPERATING MILL LEVY IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY FOR THE PURPOSES SPECIFTED ABOVE; AND IN CONNECTION THEREWITH SHALL THE DISTRICT BE AUTHORIZED TO MAKE COVENANTS REGARDING THE ESTABLISHMENT AND USE OF AD VALOREM TAXES, RATES, FEES, TOLLS, PENALTIES, AND OTHER CHARGES OR REVENUES OF THE DISTRICT, AND COVENANTS, REPRESENTATIONS, AND WARRANDRS AS TO OTHER MATTERS ARISING' UNDER THE AGREEMENTS, ALL AS MAY BE DETERMINED BY * THE BOARD OF DIRECTORS OF THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO.3 BALLOT ISSUE N: (TABOR Exemption for Revenue) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 3 BE AUTHORIZED TO COLLECT, RETAIN, AND SPEND ANY AND ALL AMOUNTS ANNUALLY FROM ANY REVENUE SOURCES WHATSOEVER (INCLUDING WITHOUT LIMITATION ANY REVENUES FROM AD VALOREM PROPERTY TAXES, TAXES, SPECIFIC OWNERSHIP TAXES, FEES, RATES, TOLLS, PENALT I ES, OR CHARGES, STATE, FEDERAL AND PRIVATE GRANTS AND GIFTS, OR ANY OTHER SOURCE); AND SHALL SUCH REVENUES BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER AS A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO.3 BALLOT ISSUE 0: (Developer Agreements) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 3 BE AUTHORIZED TO ENTER INTO AGREEMENTS WITH ANY DEVELOPER OF PROPERTY IN THE DISTRICT FOR THE PURPOSE OF FINANCING THE COSTS OF ANY PUBLIC IMPROVEMENTS, FACILITIES, SYSTEMS, OR PROJECTS WHICH THE DISTRICT MAY LAWFULLY • PROVIDE, WHICH AGREEMENTS MAY CONSTITUTE DEBT OR INDEBTEDNESS AND MULTIPLE-FISCAL YEAR OBLIGATIONS OF THE DISTRICT TO THE EXTENT PROVIDED THEREIN AND OTHERWISE AUTHORIZED BY LAW, AND IN CONNECTION THEREWITH SHALL THE DISTRICT BE AUTHORIZED TO.AGREE TO PAY SPECIFIED REVENUES OF THE DISTRICT TO THE DEVELOPERS, TO MAKE COVENANTS REGARDING THE REVENUES OF THE DISTRICT, AND TO MAKE COVENANTS, REPRESENTATIONS, AND WARRANT ( ES AS TO OTHER MATTERS ARISING UNDER THE AGREEMENTS, ALL AS MAY BE DETERMINED.BY THE BOARD OF DIRECTORS OF THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO 3 BALLOTISSUE P: (Mortgage of Property) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 3 BE AUTHORIZED TO ISSUE, CREATE, EXECUTE, AND DELIVER MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, WHETHER NOW OWNED OR HEREAFTER ACQUIRED, AND INCLUDING WITHOUT LIMITATION WATER AND WATER RIGHTS, SUCH ENCUMBRANCES OF THE DISTRICT AND OF HAYMEADOW METROPOLITAN DISTRICT NOS. 1, 2 AND 4 TO 6 TO BE IN THE AGGREGATE PRINCIPAL AMOUNT NOT TO EXCEED $35,000,000, PLUS INTEREST THEREON AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, ALL AS MAY BE DETERMINED BY THE BOARD OF DIRECTORS TO BE NECESSARY OR APPROPRIATE IN CONNECTION WITH THE ISSUANCE OF BONDS, NOTES, CONTRACTS, OR OTHER FINANCIAL OBLIGATIONS OF THE DISTRICT; SUCH ENCUMBRANCES TO BE CREATED FOR THE PURPOSE OF PROVIDING ADDITIONAL SECURITY FOR DISTRICT FINANCIAL OBLIGATIONS, AND TO BE CREATED AT ONE TIME OR FROM TIME TO TIME; SUCH MORTGAGES, DEEDS OF TRUST, LIENS, OR OTHER ENCUMBRANCES TO ENTITLE THE OWNER OR BENEFICIARY THEREOF TO FORECLOSE UPON AND TAKE TITLE TO AND POSSESSION OF THE DISTRICT PROPERTY SO ENCUMBERED, AND IN CONNECTION THEREWITH SHALL THE DISTRICT BE AUTHORIZED TO MAKE SUCH COVENANTS REGARDING THE USE OF THE ENCUMBERED PROPERTY AND OTHER MATTERS ARISING UNDER THE ENCUMBRANCE, ALL AS MAY BE DETERMINED BY THE BOARD OF DIRECTORS OF THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 3 BALLOT QUESTION Q (Transportation Services) Shall the Haymeadow Metropolitan District No. 3 be authorized to provide transportation services and exercise the power to establish, maintain, and operate a system to transport the public by bus, rail, or any other means of convenience, or any combination thereof, within and without the District boundaries, but only within•Eagle County, Colorado, within which the District is located? YES: NO: Two (2) Zero (0) HAYMEADOW METROPOLITAN 'DISTRICT NO. 3 BALLOT QUESTION R (Waiver of Term Limits) Shall the limitations on terms of office of elected members of the Board of Directors of the Haymeadow Metropolitan District No. 3 be eliminated pursuant to Article XVIII, Section 11(2) of the Colorado Constitution? YES: Two (2) NO: Zero (0) It is hereby identified and specified that: Total Number of Ballots Delivered to Electors (including UOCAVA ballots): Total Number of Ballots Voted Three (3) (including UOCAVA ballots): Two (2) Number of Ballots Returned Undelivered: Zero (0) Number of Spoiled Ballots (Replacement Ballot issued): One (1) Number of Rejected Ballots: Zero (0) Number of Defective Ballots: Zero (0) Number of Substitute Ballots Voted: Zero (0) Number of Unofficial Ballots Voted: Zero (0) Total Number of Ballots Returned to Designated Election Official (including UOCAVA ballots): Two (2) Certified this 4th day of November, 2014. CANVASS BOARD'S CERTIFICATE OF DE IERMINATION OF OFFICIAL ELECTION RESULTS FOR 'IRE SPECIAL ORGANIZATION ELECTION HELD NOVEMBER 4, 2014 FOR TI-1H: HAYMEADOW METROPOLITAN DISTRICT NO.4 Each of the undersigned members of the Canvass Board of the Haymeadow Metropolitan District No. 4 ("District") certifies that the following is a true and correct determination of the official election results of the special organization election of the District, at which time the eligible electors of the District voted as indicated on the attached Judges' Certificate of Election Returns, and as a result of which the eligible electors elected to office the following Directors: Jens M. Werner Term to May, 2018 P.O. Box 2964 Avon, Colorado 81620 Richard J. Pylman. Term to May, 2018 • P.O. Box 1195 Edwards, Colorado 81632 Vacancy Term to May, 2018 Vacancy Term to May, 2016 Vacancy Term to May, 2016 The votes cast for and against each ballot issue and ballot question submitted were as follows: HAYMEADOW METROPOLITAN DISTRICT NO.4 BALLOT QUESTION A: Shall Haymeadow Metropolitan District No. 4 be organized? YES: One (1) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO.4 BALLOT ISSUE B: SHALL HAYMEADOW METROPOLITAN DISTRICT NO.4 TAXES BE INCREASED $50,000 ANNUALLY (FIRST FULL FISCAL YEAR INCREASE) AND BY SUCH OTHER AMOUNTS COLLECTED IN EACH YEAR THEREAFTER FROM A MILL LEVY IMPOSED AT A RATE NOT TO EXCEED 50.000 MILLS (WITH THE ACTUAL MILL LEVY RATE FOR ANY FISCAL YEAR TO BE ADJUSTED DOWNWARDS OR UPWARDS BY THE BOARD OF DIRECTORS IN ITS DISCRETION) TO PAY THE DISTRICT'S ADMINISTRATION, OPERATIONS, MAINTENANCE, CAPITAL IMPROVEMENT AND OTHER EXPENSES WITHOUT LIMITATION; PROVIDED THAT SUCH MILL LEVY MAY BE ADJUSTED (A) TO ACCOUNT FOR CHANGES IN THE LAW OR THE METHOD BY WHICH ASSESSED VALUATION IS CALCULATED, INCLUDING A {00416767DOC I} CHANGE IN THE PERCENTAGE OF ACTUAL VALUATION USED TO DETERMINE ASSESSED VALUATION, (13) TO OFFSET ANY PROPERTY TAX CUT OR LIMIT WHICH IS MANDATED BY ARTICLE X, SECTION 20 OR OTHER PROVISIONS OF THE COLORADO CONSTITUTION, AS IT CURRENTLY EXISTS OR AS IT MAY BE AMENDED, AND (C) TO OFFSET REFUNDS AND ABATEMENTS; AND SHALL THE PROCEEDS OF SUCH TAXES AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION, SECTION 29-1-301, C.RS., OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: NO: One (1) Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO.4 BALLOT ISSUE C: (Debt for Parks and Recreation) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 4 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO.4 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING PARKS AND RECREATION IMPROVEMENTS AND PROGRAMS AS AUTHORIZED BY LAW, INCLUDING WITHOUT LIMITATION PARKS, TRAILS, PATHS AND OPEN SPACE, TOGETHER WITH ALL NECESSARY, INCIDENTAL AND APPURTENANT FACILITIES, LAND AND EASEMENTS, AND ALL EXTENSIONS OF AND IMPROVEMENTS TO SUCH FACILITIES WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM. IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL {00416767.DOC I} LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICIRNT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR-THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: One (1) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 4 BALLOT ISSUE D: (Debt for Drainage) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 4 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 4 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING A STORMWATER MANAGEMENT SYSTEM, INCLUDING WITHOUT LIMITATION STORMWATER, SEWER, FLOOD AND SURFACE DRAINAGE FACILITIES AND SYSTEMS, DETENTION/RETENTION PONDS AND ASSOCIATED DRAINAGE FACILITIES, TOGETHER WITH ALL NECESSARY, INCIDENTAL AND APPURTENANT FACILIT I ES, LAND AND EASEMENTS, AND ALL EXTENSIONS OF AND IMPROVEMENTS TO SUCH FACILITI HS WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN {00416767.DOC I} EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: One (1) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 4 BALLOT ISSUE E: (Debt for Street Improvements) SHALL HAYMEADOW METROPOLITAN DISTRICT NO.4 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO.4 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING STREET, ROADWAY AND RELATED LANDSCAPING IMPROVEMENTS, INCLUDING CURBS, GUTTERS, CULVERTS, AND OTHER DRAINAGE FACILITIES, PEDESTRIAN WAYS, BRIDGES, ALLEYS, PARKING FACILITIES, PAVING, LIGHTING, GRADING, LANDSCAPING, IRRIGATION, AND STRUCTURES; AND STREET-RELATED ELECTRIC, TELEPHONE, AND GAS; TOGETHER WITH ALL NECESSARY, INCIDENTAL, AND APPURTENANT FACILIT I HS, LAND AND EASEMENTS, AND ALL EXTENSIONS OF AND IMPROVEMENTS TO SAID FACILITIES WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR (00416767.DOC I) EQUAL TOME PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS -AND- • CONDITIONS AS THE DISTRICT MAY DETERM NE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: One (1) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 4 BALLOT ISSUE F: (Debt for Water) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 4 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 4 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING COMPLETE POTABLE WATER SYSTEM AND A COMPLETE NONPOTABLE IRRIGATION WATER SYSTEM, INCLUDING BUT NOT LIMITED TO, WATER RIGHTS, WATER SUPPLY, TREATMENT, STORAGE, TRANSMISSION AND DISTRIBUTION SYSTEMS FOR PUBLIC OR PRIVATE PURPOSES, TOGETHER WITH ALL NECESSARY AND PROPER RESERVOIRS, TREATMENT WORKS AND FACILITIES, WELLS, WATER RIGHTS, EQUIPMENT AND APPURTENANCES INCIDENT THERETO WHICH MAY INCLUDE, BUT SHALL NOT BE LIMITED TO, TRANSMISSION LINES, DISTRIBUTION MAINS AND LATERALS, STORAGE FACILITIES, LAND AND EASEMENTS, TOGETHER WITH [00416767.D0C1) EXTENSIONS OF AND IMPROVEMENTS TO SAID FACILITIES OR SYSTEMS WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: One (1) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 4 BALLOT ISSUE G: (Debt for Sewer) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 4 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 4 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING SANITARY SEWERS, WASTEWATER TREATMENT AND DISPOSAL WORKS AND FACILITIES, WATER QUALITY FACILIT1F,S, EQUIPMENT AND APPURTENANCES INCIDENT {00416767.DOC THERETO, TOGETHER WITH ALL NECESSARY, INCIDENTAL AND APPURTENANT FACT LIT KS, LAND AND EASEMENTS, AND ALL NECESSARY EXTENSIONS OF AND IMPROVEMENTS TO SAID FACILITIES OR SYSTEMS WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFIC I HNT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE. PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: One (1) NO: Zero (0) HAYNLEADOW METROPOLITAN DISTRICT NO. 4 BALLOT ISSUE H: (Debt for Transportation) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 4 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO: 4 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND• OTHERWISE PROVIDING A SYSTEM TO TRANSPORT THE PUBLIC BY BUS, RAIL, OR ANY OTHER MEANS OF (00416767.DOC /} :-:-.CONVEYANCE, OR ANY COMBINATION THEREOF, TOGETHER WITH ALL NECESSARY, INCIDENTAL AND APPURTENANT FACILITIES, LAND AND EASEMENTS, AND ALL EXTENSIONS OF AND IMPROVEMENTS TO SUCH FACILITIES WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF' SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR. WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: One (1) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO.4 BALLOT ISSUE I: (Debt for Traffic and Safety Controls) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 4 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO.4 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, URNS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING TRAFFIC {06416767.DOC AND SAFETY CONTROLS AND DEVICESION STREETS AND HIGHWAYS AND AT RAILROAD CROSSINGS, TOGETHER WITH ALL NECESSARY, INCIDENTAL AND APPURTENANT FACILITIES, LAND AND EASEMENTS, AND ALL EXTENSIONS OF AND IMPROVEMENTS TO SUCH FACILITIES WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH '1 FRMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: One (1) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO.4 BALLOT ISSUE J: (Debt for Mosquito Control) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 4 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO.4 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING {00416767.DOC IMPROVEMENTS TO PROVIDE FOR THE ELIMMATIONAND CONTROL OF MOSQUITOES, TOGETHER WITH ALL NECESSARY, INCIDENTAL AND APPURTENANT FACILITIES, LAND AND EASEMENTS, AND ALL EXTENSIONS OF AND IMPROVEMENTS TO SUCH FACILITIES WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: One (1) NO: Zero (0) HAY-MEADOW METROPOLITAN DISTRICT NO.4 BALLOT ISSUE K: (Debt for Fire Protection) SHALL HAYMEADOW METROPOLITAN DISTRICT NO.4 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO.4 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING FIRE {00416767.DOC I) PROTECTION, TOGETIffiR WITH ALL NECESSARY, INCIDENTAL AND APPURTENANT FACILITIES, LAND AND EASEMENTS, AND ALL EXTENSIONS OF AND IMPROVEMENTS TO SUCH FACILITIES WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICI HNT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: One (1) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 4 BALLOT ISSUE L: (Debt for Refunding) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 4 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 4 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF REFUNDING, PAYING, OR DEFEASING, IN WHOLE OR IN PART, BONDS, NOTES, OR OTHER FINANCIAL OBLIGATIONS OF THE DISTRICT; SUCH DEBT TO BEAR INTEREST AT A RATE TO BE DETERMINED BY THE DISTRICT BOARD, WHICH INTEREST RATE MAY BE HIGHER THAN THE {00416767.DOC INfEREST RATE BORNE BY,THE OBLIGATIONS BEING REFUNDED BUT IN NO EVENT SHALL THE NET EFFECTIVE INTEREST RATE EXCEED 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; THE PRINCIPAL AMOUNT OF SUCH DEBT, TOGETHER WITH ALL OTHER DEBT OF THE DISTRICT AUTHORIZED BY ANY OTHER BALLOT QUESTION AND ALL DEBT ISSUED BY HAYMEADOW METROPOLITAN DISTRICT NOS. 1 TO 3, 5 AND 6, NOT TO EXCEED AN AGGREGATE OF $35,000,000; SUCH DEBT TO BE PAW FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING WITHOUT LIMITATION FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL. INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: One (1) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO.4 BALLOT ISSUE M: (Intergovernmental Agreements with the State or Political Subdivisions) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 4 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO.4 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT AND MULTIPLE-FISCAL YEAR OBLIGATIONS; SUCH DEBT AND OBLIGATIONS TO CONSIST OF ONE OR MORE INTERGOVERNMENTAL AGREEMENTS WITH THE STATE OR ANY POLITICAL SUBDIVISION OF THE STATE, INCLUDING THE TOWN OF EAGLE, COLORADO, AND HAYMEADOW METROPOLITAN DISTRICT NOS. 1 TO 3, 5 AND 6, FOR THE PURPOSE OF JOINTLY FINANCING THE COSTS OF ANY PUBLIC IMPROVEMENTS, FACILITIES, SYSTEMS, PROGRAMS, OR PROJECTS WHICH THE DISTRICT MAY LAWFULLY PROVIDE, OR (00416767.DOC FORME PURPOSE OF PROVIDING FOR THE OPERATIONS AND MAINTENANCE. OF THE DISTRICT AND ITS FACILITIES AND PROPERT1HS; SUCH DEBT TO BE PAID . FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM THE DISTRICT'S OPERATING MILL LEVY IN AMOUNTS SUFFICIENT TO PRODUCE • THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY FOR THE PURPOSES SPECIFIED ABOVE; AND IN CONNECTION THEREWITH SHALL THE DISTRICT BE AUTHORIZED TO MAKE COVENANTS REGARDING THE ESTABLISHMENT AND USE OF AD VALOREM TAXES, RATES, FEES, TOLLS, PENALT I HS, AND OTHER CHARGES OR REVENUES OF THE DISTRICT, AND COVENANTS, REPRESENTATIONS, AND WARRANTIES AS TO OTHER MATTERS ARISING UNDER THE AGREEMENTS, ALL AS MAY BE DETERMINED BY THE BOARD OF DIRECTORS OF THE DISTRICT? YES: One (1) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO.4 BALLOT ISSUE N: (TABOR Exemption for Revenue) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 4 BE AUTHORIZED TO COLLECT, RETAIN, AND SPEND ANY AND ALL AMOUNTS ANNUALLY FROM ANY REVENUE SOURCES WHATSOEVER (INCLUDING WITHOUT LIMITATION ANY REVENUES FROM AD VALOREM PROPERTY TAXES, TAXES, SPECIFIC OWNERSHIP TAXES, FEES, RATES, TOLLS, PENALTIES, OR CHARGES, STATE, FEDERAL AND PRIVATE GRANTS AND GIFTS, OR ANY OTHER SOURCE); AND SHALL SUCH REVENUES BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER AS A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: One (1) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO.4 BALLOT ISSUE 0: (Developer Agreements) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 4 BE AUTHORIZED TO ENTER INTO AGREEMENTS WITH ANY DEVELOPER OF PROPERTY IN THE DISTRICT FOR THE PURPOSE OF FINANCING THE COSTS OF ANY PUBLIC IMPROVEMENTS, FACILITIES, SYSTEMS, OR PROJECTS WHICH THE DISTRICT MAY LAWFULLY PROVIDE, WHICH AGREEMENTS MAY CONSTITUTE DEBT OR INDEBTEDNESS AND MULTIPLE-FISCAL YEAR OBLIGATIONS OF THE DISTRICT TO THE EXTENT PROVIDED THEREIN AND OTHERWISE AUTHORIZED BY LAW, AND IN {00416767.DOC I) CONNECTION TIMREWITH SHALL THE DISTRICT BE AUTHORIZED TO AGREE TO PAY SPECIFIED REVENUES OF THE DISTRICT TO THE DEVELOPERS, TO MAKE COVENANTS REGARDING THE REVENUES OF THE DISTRICT, AND TO MAKE COVENANTS, REPRESENTATIONS, AND WARRANTIES AS TO OTHER MATTERS ARISING UNDER THE AGREEMENTS, ALL AS MAY BE DETERMINED BY THE BOARD OF DIRECTORS OF THE DISTRICT? YES: One (1) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 4 BALLOT ISSUE P: (Mortgage of Property) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 4 BE AUTHORIZED TO. ISSUE, CREATE, EXECUTE, AND DELIVER MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, WHETHER NOW OWNED OR HEREAFTER ACQUIRED, AND INCLUDING WITHOUT LIMITATION WATER AND WATER RIGHTS, SUCH ENCUMBRANCES OF THE DISTRICT AND OF HAYMEADOW METROPOLITAN DISTRICT NOS. 1 TO 3, 5 AND 6 TO BE IN THE AGGREGATE PRINCIPAL AMOUNT NOT TO EXCEED $35,000,000, PLUS INTEREST THEREON AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, ALL AS MAY BE DETERMINED BY THE BOARD OF DIRECTORS TO BE NECESSARY OR APPROPRIATE IN CONNECTION WITH THE ISSUANCE OF BONDS, NOTES, CONTRACTS, OR OTHER FINANCIAL OBLIGATIONS OF THE DISTRICT; SUCH ENCUMBRANCES TO BE CREATED FOR THE PURPOSE OF PROVIDING ADDITIONAL SECURITY FOR DISTRICT FINANCIAL OBLIGATIONS, AND TO BE CREATED AT ONE TIME OR FROM TIME TO TIME; SUCH MORTGAGES, DEEDS OF TRUST, LIENS, OR OTHER ENCUMBRANCES TO ENTITLE THE OWNER OR BENEFICIARY THEREOF TO FORECLOSE UPON AND TAKE TITLE TO AND POSSESSION OF THE DISTRICT PROPERTY SO ENCUMBERED, AND IN CONNECTION THEREWITH SHALL THE DISTRICT BE AUTHORIZED TO MAKE SUCH COVENANTS REGARDING THE USE OF THE ENCUMBERED PROPERTY AND OTHER MATTERS ARISING UNDER THE ENCUMBRANCE, ALL AS MAY BE DETERMINED BY THE BOARD OF DIRECTORS OF THE DISTRICT? YES: One (1) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 4 BALLOT QUESTION Q (Transportation Services) Shall the Haymeadow Metropolitan District No. 4 be authorized to provide transportation services and exercise the power to establish, maintain, and operate a system to transport the {00416767.DOC ser Canv YES: NO: CERTIFTFD this 5th day of Novem Designated Ele cial One (1) Zero (0) public by bus, rail, or any other means of convenience, or any combination thereof, within and without the District boundaries, but only within Eagle County, Colorado, within which the District is located? YES: NO: One (1) Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 4 BALLOT QUESTION R (Waiver of Term Limits) Shall the limitations on terms of office of elected members of the Board of Directors of the Haymeadow Metropolitan District No. 4 be eliminated pursuant to Article XVIII, Section 11(2) of the Colorado Constitution? Contact Person for District: Da id A. Gre r Co • Coc el & Cole Business Address: 390 err oulevard, Suite 400 Denver, Colorado 80228 Telephone Number: (303) 986-1551 100416767.DOC,/). EXHIBIT A (Attach Judges' Certificate of Election Returns) (00416767.DOC JUDGES' CERTIFICATE OF MAIL BALLOT ELECTION RETURNS AND STATEMENT OF BALLOTS FOR HAYMEADOW METROPOLITAN DISTRICT NO.4 IT IS HEREBY CERTIFIED by the undersigned, who conducted the mail ballot election held in the Haymeadow Metropolitan District No. 4, in Eagle County, Colorado, on the 4th day of November, 2014, that after qualifying by swearing and subscribing to their Oaths of Office, they opened the polls at 7:00 a.m., and that they kept the polls open continuously until the hour of 7:00 p.m. on such date, after which they counted the ballots cast for Directors of the District and for the ballot issues and ballot questions submitted in accordance with the Colorado Local Government Election Code. That the votes cast for Director of the District to act until the first regular election in.May, 2016: CANDIDATE FOR DIRECTOR There were no candidates That the votes cast for Director of the District to act until the second regular election in May, 2018: CANDIDATE FOR DIRECTOR NUMBER OF VOTES CAST Jens M. Werner One (1) Richard Pylman One (1) That the votes cast for and against the ballot questions and ballot issues submitted were as follows: HAYMEADOW METROPOLITAN DISTRICT NO.4 BALLOT QUESTION A: Shall Haymeadow Metropolitan District No. 4 be organized? YES: One (1) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO.4 BALLOT ISSUE B: SHALL HAYMEADOW METROPOLITAN DISTRICT NO.4 TAXES BE INCREASED $50,000 ANNUALLY (FIRST FULL FISCAL YEAR INCREASE) AND BY SUCH OTHER AMOUNTS COLLECTED IN EACH YEAR THEREAFTER FROM A MILL LEVY IMPOSED AT A RATE NOT TO EXCEED 50.000 MILLS (WITH THE ACTUAL MILL LEVY RATE FOR ANY FISCAL YEAR TO BE ADJUSTED DOWNWARDS OR UPWARDS BY THE BOARD OF DIRECTORS IN ITS DISCRETION) TO PAY THE DISTRICT'S ADMINISTRATION, OPERATIONS, MAINTENANCE, CAPITAL IMPROVEMENT AND OTHER EXPENSES WITHOUT LIMITATION; PROVIDED THAT SUCH MILL LEVY MAY BE ADJUSTED (A) TO ACCOUNT FOR CHANGES IN THE LAW OR THE METHOD BY WHICH ASSESSED VALUATION IS CALCULATED, INCLUDING A CHANGE IN THE PERCENTAGE OF ACTUAL VALUATION USED TO DETERMINE ASSESSED VALUATION, (B) TO OFFSET ANY PROPERTY TAX CUT OR LIMIT WHICH IS MANDAXED BY ARTICLE X, SECTION 20 OR OTHER PROVISIONS OF THE COLORADO CONSTITUTION, AS IT CURRENTLY EXISTS OR AS IT MAY BE AMENDED, AND (C) TO OFFSET REFUNDS AND ABATEMENTS; AND SHALL THE PROCEEDS OF SUCH TAXES AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND / IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION, SECTION 29-1-301, C.R.S., OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: One (1) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO.4 BALLOT ISSUE C: (Debt for Parks and Recreation) SHALL HAYMEADOW MB1I{OPOLITAN DISTRICT NO. 4 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO.4 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING PARKS AND RECREATION IMPROVEMENTS AND PROGRAMS AS AUTHORIZED BY LAW, INCLUDING WITHOUT LIMITATION PARKS, TRAILS, PATHS AND OPEN SPACE, TOGETHER WITH ALL NECESSARY, INCIDENTAL AND APPURTENANT FACILITTES, LAND AND EASEMENTS, AND ALL EXTENSIONS OF AND IMPROVEMENTS TO SUCH FACILITY FS WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICIHNT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: One (1) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO.4 BALLOT ISSUE D: (Debt for Drainage) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 4 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO.4 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LI HNS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING A STORMWATER MANAGEMENT SYSTEM, INCLUDING WITHOUT LIMITATION STORMWATER, SEWER, FLOOD AND SURFACE DRAINAGE FACILITIES AND SYSTEMS, DETENTION/RETENTION PONDS AND ASSOCIATED DRAINAGE FACILITIES, TOGETHER WITH ALL NECESSARY, INCIDENTAL AND APPURTENANT FACILIT I LAND AND EASEMENTS, AND ALL EXTENSIONS OF AND IMPROVEMENTS TO SUCH FACILITIES WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE. COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: NO: One (1) Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO.4 BALLOT ISSUE E: (Debt for Street Improvements) SHALL HAYMEADOW METROPOLITAN DISTRICT NO.4 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO.4 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LI I4NS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING STREET, ROADWAY AND RELATED LANDSCAPING IMPROVEMENTS, INCLUDING CURBS, GUTTERS, CULVERTS, AND OTHER DRAINAGE FACILITIES, PEDESTRIAN WAYS, BRIDGES, ALLEYS, PARKING FACILITY HS, PAVING, LIGHTING, GRADING, LANDSCAPING, IRRIGATION, AND STRUCTURES; AND STREET-RELATED ELECTRIC, TELEPHONE, AND GAS; TOGETHER WITH ALL NECESSARY, INCIDENTAL, AND APPURTENANT FACILITIES, LAND AND EASEMENTS, AND ALL EXTENSIONS OF AND IMPROVEMENTS TO SAID FACILITIES WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT • OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: NO: One (1) Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO.4 BALLOT ISSUE F: (Debt for Water) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 4 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO.4 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING COMPLETE POTABLE WATER SYSTEM AND A COMPLETE NONPOTABLE IRRIGATION WATER SYSTEM, INCLUDING BUT NOT LIMITED TO, WATER RIGHTS, WATER SUPPLY, TREATMENT, STORAGE, TRANSMISSION AND DISTRIBUTION SYSTEMS FOR PUBLIC OR PRIVATE PURPOSES, TOGETHER WITH ALL NECESSARY AND PROPER RESERVOIRS, TREATMENT WORKS AND FACILITIES, WELLS, WATER RIGHTS, EQUIPMENT AND APPURTENANCES INCIDENT THERETO WHICH MAY INCLUDE, BUT SHALL NOT BE LIMITED TO, TRANSMISSION LINES, DISTRIBUTION MAINS AND LATERALS, STORAGE FACILITIES, LAND AND EASEMENTS, TOGETHER WITH EXTENSIONS OF AND IMPROVEMENTS TO SAID FACILITIES OR SYSTEMS WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCHTIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: NO: One (11 Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 4 BALLOT ISSUE G: (Debt for Sewer) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 4 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 4 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING SANITARY SEWERS, WASTEWATER TREATMENT AND DISPOSAL WORKS AND FACILITIES, WATER QUALITY FACILITIES, EQUIPMENT AND APPURTENANCES INCIDENT THERETO, TOGETHER WITH ALL NECESSARY, INCIDENTAL AND APPURTENANT FACILITIES, LAND AND EASEMENTS, AND ALL NECESSARY EXTENSIONS OF AND IMPROVEMENTS TO SAID FACILITIES OR SYSTEMS WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: NO: One (11 Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO.4 BALLOT ISSUE H: (Debt for Transportation) SHALL HAYMEADOW METROPOLITAN DISTRICT NO.4 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL . HAYMEADOW METROPOLITAN DISTRICT NO.4 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING A. SYSTEM TO TRANSPORT THE PUBLIC BY BUS, RAIL, OR ANY OTHER MEANS OF CONVEYANCE, OR ANY COMBINATION THEREOF, TOGETHER WITH ALL NECESSARY, INCIDENTAL AND APPURTENANT FACILITIES, LAND AND EASEMENTS, AND ALL EXTENSIONS OF AND IMPROVEMENTS TO SUCH FACILITIES WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS 'AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: One (1) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO.4 BALLOT ISSUE I: (Debt for Traffic and Safety Controls) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 4 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO.4 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LI ENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING TRAFFIC AND SAFETY CONTROLS AND DEVICES ON STREETS AND HIGHWAYS AND AT RAILROAD CROSSINGS, TOGETHER WITH ALL NECESSARY, INCIDENTAL AND APPURTENANT FACILIT I ES, LAND AND EASEMENTS, AND ALL EXTENSIONS OF AND IMPROVEMENTS TO SUCH FACILITIES WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: One (1) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 4 BALLOT ISSUE J: (Debt for Mosquito Control) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 4 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 4 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LI HNS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING IMPROVEMENTS TO PROVIDE FOR THE ELIMINATION AND CONTROL OF MOSQUITOES, TOGETHER WITH ALL NECESSARY, INCIDENTAL AND APPURTENANT FACILITIES, LAND AND EASEMENTS, AND ALL EXTENSIONS OF AND IMPROVEMENTS TO SUCH FACILITIES WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY'AS MAYBE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY. DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: One (1) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO.4 BALLOT ISSUE K: (Debt for Fire Protection) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 4 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO.4 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING FIRE PROTECTION, TOGETHER WITH ALL NECESSARY, INCIDENTAL AND APPURTENANT FACILITIES, LAND AND EASEMENTS, AND ALL EXTENSIONS OF AND IMPROVEMENTS TO SUCH FACILITIES WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL-AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFIC I I-NT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: One (1) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO.4 BALLOT ISSUE L: (Debt for Refunding) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 4 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO.4 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LI KNS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF REFUNDING, PAYING, OR DEFEASING, IN WHOLE OR IN PART, BONDS, NOTES, OR OTHER FINANCIAL OBLIGATIONS OF THE DISTRICT; SUCH DEBT TO BEAR INTEREST AT A RATE TO BE DETERMINED BY THE DISTRICT BOARD, WHICH INTEREST RATE MAY BE HIGHER THAN THE INTEREST RATE BORNE BY THE OBLIGATIONS BEING REFUNDED BUT IN NO EVENT SHALL THE NET EFFECTIVE INTEREST RATE EXCEED 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED;: THE PRINCIPAL AMOUNT OF SUCH DEBT, TOGETHER WITH ALL OTHER DEBT OF THE DISTRICT AUTHORIZED BY ANY OTHER BALLOT QUESTION AND ALL DEBT ISSUED BY HAYMEADOW METROPOLITAN DISTRICT NOS. 1 TO 3, 5 AND 6, NOT TO EXCEED AN AGGREGATE OF $35,000,000; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING WITHOUT LIMITATION FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE. SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: NO: One (1) Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO.4 BALLOT ISSUE M: (Intergovernmental Agreements with the State or Political Subdivisions) SHALL HAYMEADOW METROPOLITAN DISTRICT NO.4 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 4 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT AND MULTIPLE-FISCAL YEAR OBLIGATIONS; SUCH DEBT AND OBLIGATIONS TO CONSIST OF ONE OR MORE INTERGOVERNMENTAL AGREEMENTS WITH THE STATE OR ANY POLITICAL SUBDIVISION OF THE STATE, INCLUDING THE TOWN OF EAGLE, COLORADO, AND HAYMEADOW METROPOLITAN DISTRICT NOS. 1 TO 3, 5 AND 6, FOR THE PURPOSE OF JOINTLY FINANCING THE COSTS OF ANY PUBLIC IMPROVEMENTS, FACILITIES, SYSTEMS, PROGRAMS, OR PROJECTS WHICH THE DISTRICT MAY LAWFULLY PROVIDE, OR FOR THE PURPOSE OF PROVIDING FOR THE OPERATIONS AND MAINTENANCE OF THE DISTRICT AND ITS FACILITIES AND PROPERTIES; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM THE DISTRICT'S OPERATING MILL LEVY IN AMOUNTS SUFFIC I FiNT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY FOR THE PURPOSES SPECIE! F,D ABOVE; AND IN CONNECTION THEREWITH SHALL THE DISTRICT BE AUTHORIZED TO MAKE COVENANTS REGARDING THE ESTABLISHMENT AND USE OF AD VALOREM TAXES, RATES, FEES, TOLLS, PENALTIES, AND OTHER CHARGES OR REVENUES OF THE DISTRICT, AND COVENANTS, REPRESENTATIONS, AND WARRANTIES AS TO OTHER MATTERS ARISING UNDER THE AGREEMENTS, ALL AS MAY BE DETERMINED BY THE BOARD OF DIRECTORS OF THE DISTRICT? YES: NO: One (1) Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO.4 BALLOT ISSUE N: (TABOR Exemption for Revenue) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 4 BE AUTHORIZED TO COLLECT, RETAIN, AND SPEND ANY AND ALL AMOUNTS ANNUALLY FROM ANY REVENUE SOURCES WHATSOEVER (INCLUDING WITHOUT LIMITATION ANY REVENUES FROM AD VALOREM PROPERTY TAXES, TAXES, SPECIFIC OWNERSHIP ,TAXES, FEES, RATES, TOLLS, PENALTI KS, OR CHARGES, STATE, FEDERAL AND PRIVATE GRANTS AND GIFTS, OR ANY OTHER SOURCE); AND SHALL SUCH REVENUES BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER AS A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: NO: One (1) Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO.4 BALLOT ISSUE 0: (Developer Agreements) SHALL HAYMEADOW METROPOLITAN DISTRICT NO.4 BE AUTHORIZED TO ENTER INTO AGREEMENTS WITH ANY DEVELOPER OF PROPERTY IN THE DISTRICT FOR THE PURPOSE OF FINANCING THE COSTS OF ANY PUBLIC IMPROVEMENTS, FACILITIES, SYSTEMS, OR PROJECTS WHICH THE DISTRICT MAY LAWFULLY PROVIDE, WHICH AGREEMENTS MAY CONSTITUTE DEBT OR INDEBTEDNESS AND MULTIPLE-FISCAL YEAR OBLIGATIONS OF THE DISTRICT TO THE EXTENT PROVIDED THEREIN AND OTHERWISE AUTHORIZED BY LAW, AND IN CONNECTION THEREWITH SHALL THE DISTRICT BE AUTHORIZED TO AGREE TO PAY SPECIFIED REVENUES OF THE DISTRICT TO THE DEVELOPERS, TO MAKE COVENANTS REGARDING THE REVENUES OF THE DISTRICT, AND TO MAKE COVENANTS, REPRESENTATIONS, AND WARRANTIES AS TO OTHER MATTERS ARISING UNDER THE AGREEMENTS, ALL AS MAY BE DETERMINED BY THE BOARD OF DIRECTORS OF THE DISTRICT? YES: One (1) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT` NO: 4 BALLOT ISSUE P: (Mortgage of Property) SHALL HAYMEADOW METROPOLITAN DISTRICT NO.4 BE AUTHORIZED TO ISSUE, CREATE, EXECUTE, AND DELIVER MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, WHETHER NOW OWNED OR HEREAFTER ACQUIRED, AND INCLUDING WITHOUT LIMITATION WATER AND WATER RIGHTS, SUCH ENCUMBRANCES OF THE DISTRICT AND OF HAYMEADOW METROPOLITAN DISTRICT NOS. 1 TO 3, 5 AND 6 TO BE IN THE AGGREGATE PRINCIPAL AMOUNT NOT TO EXCEED $35,000,000, PLUS INTEREST THEREON AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, ALL AS MAY BE DETERMINED BY THE BOARD OF DIRECTORS TO BE NECESSARY OR APPROPRIATE IN CONNECTION WITH THE ISSUANCE OF BONDS, NOTES, CONTRACTS, OR OTHER FINANCIAL OBLIGATIONS OF THE DISTRICT; SUCH ENCUMBRANCES TO BE CREATED FOR THE PURPOSE OF PROVIDING ADDITIONAL SECURITY FOR DISTRICT FINANCIAL OBLIGATIONS, AND TO BE CREATED AT ONE TIME OR FROM TIME TO TIME; SUCH MORTGAGES, DEEDS OF TRUST, LIENS, OR OTHER ENCUMBRANCES TO ENTITLE THE OWNER OR BENEFICIARY THEREOF TO FORECLOSE UPON AND TAKE TITLE TO AND POSSESSION OF THE DISTRICT PROPERTY SO ENCUMBERED, AND IN CONNECTION THEREWITH SHALL THE DISTRICT BE AUTHORIZED TO MAKE SUCH COVENANTS REGARDING THE USE OF THE ENCUMBERED PROPERTY AND OTHER MATTERS ARISING UNDER THE ENCUMBRANCE, ALL AS MAY BE DETERMINED BY THE BOARD OF DIRECTORS OF THE DISTRICT? YES: One (1) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO.4 BALLOT QUESTION Q (Transportation Services) Shall the Haymeadow Metropolitan District No. 4 be authorized to provide transportation services and exercise the power to establish, maintain, and operate a system to transport the public by bus, rail, or any other means of convenience, or any combination thereof, within and without the District boundaries, but only within Eagle County, Colorado, within which the District is located? YES: One (1) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 4 BALLOT QUESTION R (Waiver of Term Limits) Shall the limitations on terms of office of elected members of the Board of Directors of the Haymeadow Metropolitan District No. 4 be eliminated pursuant to Article XVIII, Section 11(2) of the Colorado Constitution? YES: One (1) NO: Zero (0) It is hereby identified and specified that: Total Number of Ballots Delivered to Electors (including UOCAVA ballots): Total Number of Ballots Voted Three (3) (including UOCAVA ballots): Two (2) Number of Ballots Returned Undelivered: Zero (0) Number of Spoiled Ballots (Replacement Ballot issued): One (1) Number of Rejected Ballots: One (1) Number of Defective Ballots: Zero (0) Number of Substitute Ballots Voted: Zero (0) Number of Unofficial Ballots Voted: Zero (0) Total Number of Ballots Returned to Designated Election Official (including UOCAVA ballots): Certified this 4th day of November, 2014. Two (2) Judge Of ill -(1-kAC kPv/x,(X ElectionAudge CANVASS BOARD'S CER! !CATE OF DETERMINATION OF OFFICIAL ELECTION RESULTS FOR THE SPECIAL ORGANIZATION ELECTION HELD NOVEMBER 4, 2014 FOR THE HAYMEADOW METROPOLITAN DISTRICT NO. 5 Each of the undersigned members of the Canvass Board of the Haymeadow Metropolitan District No. 5 ("District") certifies that the following is a true and correct determination of the official election results of the special organization election of the District, at which time the eligible electors of the District voted as indicated on the attached Judges' Certificate of Election Returns, and as a result of which the eligible electors elected to office the following Directors: Jens M. Werner Term to May, 2018 P.O. Box 2964 Avon, Colorado 81620 Richard J. Pyhnan Term to May, 2018 P.O. Box 1195, Edwards, Colorado 81632 Vacancy Term to May, 2018 Vacancy Term to May, 2016 Vacancy Term to May, 2016 The votes cast for and against each ballot issue and ballot question submitted were as follows: HAYMEADOW METROPOLITAN DISTRICT NO. 5 BALLOT QUESTION A: Shall Haymeadow Metropolitan District No. 5 be organized? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 5 BALLOT ISSUE B: SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 5 TAXES BE INCREASED $50,000 ANNUALLY (FIRST FULL FISCAL YEAR INCREASE) AND BY SUCH OTHER AMOUNTS COLLECTED IN EACH YEAR THEREAFTER FROM A MILL LEVY IMPOSED AT A RATE NOT TO EXCEED 50.000 MILLS (WITH THE ACTUAL MILL LEVY RATE FOR ANY FISCAL YEAR TO BE ADJUSTED DOWNWARDS OR UPWARDS BY THE BOARD OF DIRECTORS IN ITS DISCRETION) TO PAY THE DISTRICT'S ADMINISTRATION, OPERATIONS, MAINTENANCE, CAPITAL IMPROVEMENT AND OTHER EXPENSES WITHOUT LIMITATION; PROVIDED THAT SUCH MILL LEVY MAY BE ADJUSTED (A) TO ACCOUNT FOR CHANGES IN THE LAW OR THE METHOD BY WHICH ASSESSED VALUATION IS CALCULATED, INCLUDING A (00416777.DOC I} CHANGE IN THE PERCENTAGE OF ACTUAL VALUATION USED TO DETERMINE ASSESSED VALUATION, (B) TO OFFSET ANY PROPERTY TAX CUT OR LIMIT WHICH IS MANDATED BY ARTICLE X, SECTION 20 OR OTHER PROVISIONS OF THE • COLORADO CONSTITUTION, AS IT CURRENTLY EXISTS OR AS IT MAY BE AMENDED, AND (C) TO OFFSET REFUNDS AND ABATEMENTS; AND SHALL THE PROCEEDS OF SUCH TAXES AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION, SECTION 29-1-301, C.R.S., OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 5 BALLOT ISSUE C: (Debt for Parks and Recreation) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 5 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 5 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING PARKS AND RECREATION IMPROVEMENTS AND PROGRAMS AS AUTHORIZED BY LAW, INCLUDING WITHOUT LIMITATION PARKS, TRAILS, PATHS AND OPEN SPACE, TOGETHER WITH ALL NECESSARY, INCIDENTAL. AND APPURTENANT FACILITIES, LAND AND EASEMENTS, AND ALL EXTENSIONS OF AND IMPROVEMENTS TO SUCH FACILITIES WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMNE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL {00416777.DOC I} LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: Two (2) NO: Zero (0) HAYNLEADOW METROPOLITAN DISTRICT NO. 5 BALLOT ISSUE D: (Debt for Drainage) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 5 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 5 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LI I-NS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING A STORMWATER MANAGEMENT SYSTEM, INCLUDING WITHOUT LIMITATION STORMWATER, SEWER, FLOOD AND SURFACE DRAINAGE FACILITIES AND SYSTEMS, DETENTION/RETENTION PONDS AND ASSOCIATED DRAINAGE FACILITIES, TOGETHER WITH ALL NECESSARY, INCIDENTAL AND APPURTENANT FACILIT i FS, LAND AND EASEMENTS, AND ALL EXTENSIONS OF AND IMPROVEMENTS TO SUCH FACILITTES WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN {00416777.DOC EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 5 BALLOT ISSUE E: (Debt for Street Improvements) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 5 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 5 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING STREET, ROADWAY AND RELATED LANDSCAPING IMPROVEMENTS, INCLUDING CURBS, GUTTERS, CULVERTS, AND OTHER DRAINAGE FACILITIES, PEDESTRIAN WAYS, BRIDGES, ALLEYS, PARKING FACILITIES, PAVING, LIGHTING, GRADING, LANDSCAPING, IRRIGATION, AND STRUCTURES; AND STREET-RELATED ELECTRIC, TELEPHONE, AND GAS; TOGETHER WITH ALL NECESSARY, INCIDENTAL, AND APPURTENANT FACILITIES, LAND AND EASEMENTS, AND ALL EXTENSIONS OF AND IMPROVEMENTS TO SAID FACILIT I ES WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR {00416777.DOC I} EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFIC I INT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 5 BALLOT ISSUE F: (Debt for Water) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 5 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 5 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING COMPLETE POTABLE WATER SYSTEM AND A COMPLETE NONPOTABLE IRRIGATION WATER SYSTEM, INCLUDING BUT NOT LIMITED TO, WATER RIGHTS, WATER SUPPLY, TREATMENT, STORAGE, TRANSMISSION AND DISTRIBUTION SYSTEMS FOR PUBLIC OR PRIVATE PURPOSES, TOGETHER WITH ALL NECESSARY AND PROPER RESERVOIRS, TREATMENT WORKS AND FACILITIES, WELLS, WATER RIGHTS, EQUIPMENT AND APPURTENANCES INCIDENT THERETO WHICH MAY INCLUDE, BUT SHALL NOT BE LIMITED TO, TRANSMISSION LINES, DISTRIBUTION MAINS AND LATERALS, STORAGE FACILITIES, LAND AND EASEMENTS, TOGETHER WITH {00416777.DOC /} EXTENSIONS OF AND IMPROVEMENTS TO SAID FACILITIES OR SYSTEMS WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFIC1I-NT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: NO: Two (2) Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 5 BALLOT ISSUE G: (Debt for Sewer) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 5 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 5 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LTF,NS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING SANITARY SEWERS, WASTEWATER TREATMENT AND DISPOSAL WORKS AND FACTLIT I KS, WATER QUALITY FACILITIES, EQUIPMENT AND APPURTENANCES INCIDENT {00416777.DOC /} THERETO, TOGETHER WITH NECESSARY, INCIDENTAL AND APPURTENANT FACILITY VS, LAND AND EASEMENTS, AND ALL NECESSARY EXTENSIONS OF AND IMPROVEMENTS TO SAID FACILITIES OR SYSTEMS WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFIC i ENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 5 BALLOT ISSUE H: (Debt for Transportation) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 5 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 5 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING A SYSTEM TO TRANSPORT THE PUBLIC BY BUS, RAIL, OR ANY OTHER MEANS OF • {00416777.DOC :.CONVEYANCE, OR ANY COMBINATION THEREOF, TOGETHER WITH ALL NECESSARY, INCIDENTAL AND APPURTENANT FACILITIES, LAND AND EASEMENTS, AND ALL EXTENSIONS OF AND IMPROVEMENTS TO SUCH FACILIT I VS WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 5 BALLOT ISSUE I: (Debt for Traffic and Safety Controls) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 5 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 5 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING TRAFFIC {00416777.DOC I) AND SAFETY CONTROLS AND DEVICES:ON STREETS AND HIGHWAYS AND AT RAILROAD CROSSINGS, TOGETHER WITH ALL NECESSARY, INCIDENTAL AND APPURTENANT FACILITI F.S, LAND AND EASEMENTS, AND ALL EXTENSIONS OF AND IMPROVEMENTS TO SUCH FACILITIES WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND TEE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: Two (2) NO: , Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO.5 BALLOT ISSUE J: (Debt for Mosquito Control) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 5 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO.5 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LTFNS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING [004167771)0C I} IMPROVEMENT-S.1'0 PROVIDE FOR THE ELIMINATION AND CONTROL OF MOSQUITOES, TOGETHER WITH ALL NECESSARY, INCIDENTAL AND APPURTENANT FACILITI KS, LAND AND EASEMENTS, AND ALL EXTENSIONS OF AND IMPROVEMENTS TO SUCH FACILITIES WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE. DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 5 BALLOT ISSUE K: (Debt for Fire Protection) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 5 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 5 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING FIRE {00416777.DOC I) PROTECTION, TOGETHER WITH ALL NECESSARY, INCIDENTAL AND APPURTENANT FACILITIES, LAND AND EASEMENTS, AND ALL EXTENSIONS OF AND IMPROVEMENTS TO SUCH FACILITIES WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 5 BALLOT ISSUE L: (Debt for Refunding) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 5 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 5 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF REFUNDING, PAYING, OR DEFEASING, IN WHOLE OR IN PART, BONDS, NOTES, OR OTHER FINANCIAL OBLIGATIONS OF THE DISTRICT; SUCH DEBT TO BEAR INTEREST ATA RATE TO BE DETERMINED BY THE DISTRICT BOARD, WHICH INTEREST RATE MAY BE HIGHER THAN THE (00416777.DOC I) INTER _EST RATE BORNE BY:THE OBLIGATIONS BEING REFUNDED BUT IN NQ EVENT SHALL THE NET EFFECTIVE INTEREST RATE EXCEED 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; THE PRINCIPAL' AMOUNT OF SUCH DEBT, TOGETHER WITH ALL OTHER DEBT OF THE DISTRICT AUTHORIZED BY ANY OTHER BALLOT QUESTION AND ALL DEBT ISSUED BY HAYMEADOW METROPOLITAN DISTRICT NOS. 1 TO 4 AND 6, NOT TO EXCEED AN AGGREGATE OF $35,000,000; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING WITHOUT LIMITATION FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICE ENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT. BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 5 BALLOT ISSUE M: (Intergovernmental Agreements with the State or Political Subdivisions) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 5 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 5 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT AND MULTIPLE-FISCAL YEAR OBLIGATIONS; SUCH DEBT AND OBLIGATIONS TO CONSIST OF ONE OR MORE INTERGOVERNMENTAL AGREEMENTS WITH THE STATE OR ANY POLITICAL SUBDIVISION OF THE STATE, INCLUDING THE TOWN OF EAGLE, COLORADO, AND HAYMEADOW METROPOLITAN DISTRICT NOS. 1 TO 4, AND 6, FOR THE PURPOSE OF JOINTLY FINANCING THE COSTS OF ANY PUBLIC IMPROVEMENTS, FACILIT SYSTEMS, PROGRAMS, OR PROJECTS WHICH THE DISTRICT MAY LAWFULLY PROVIDE, OR {00416777.DOC FOR:THE PURPOSE OF PROVIDING FOR THE OPERATIONS AND MAINTENANCE OF . THE DISTRICT AND ITS FACILITIES AND PROPERTIES; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM THE DISTRICT'S OPERATING MILL LEVY IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH T ESSER AMOUNT AS MAY BE NECESSARY FOR THE PURPOSES SPECIFIED ABOVE; AND IN CONNECTION THEREWITH SHALL THE DISTRICT BE AUTHORIZED TO MAKE COVENANTS REGARDING THE ESTABLISHMENT AND USE OF AD VALOREM TAXES, RATES, FEES, TOLLS, PENALTIES, AND OTHER CHARGES OR REVENUES OF THE DISTRICT, AND COVENANTS, REPRESENTATIONS, AND WARRANTIES AS TO OTHER MATTERS ARISING UNDER THE AGREEMENTS, ALL AS MAY BE DETERMINED BY THE BOARD OF DIRECTORS OF THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 5 BALLOT ISSUE N: (TABOR Exemption for Revenue) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 5 BE AUTHORIZED TO COLLECT, RETAIN, AND SPEND ANY AND ALL AMOUNTS ANNUALLY FROM ANY REVENUE SOURCES WHATSOEVER (INCLUDING WITHOUT LIMITATION ANY REVENUES FROM AD VALOREM PROPERTY TAXES, TAXES, SPECIFIC OWNERSHIP TAXES, FEES, RATES, TOLLS, PENALTIES, OR CHARGES, STATE, FEDERAL AND PRIVATE GRANTS AND GIFTS, OR ANY OTHER SOURCE); AND SHALL SUCH REVENUES BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER AS A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, REVENUE-RAISING, • OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 5 BALLOT ISSUE 0: (Developer Agreements) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 5 BE AUTHORIZED TO ENTER INTO AGREEMENTS WITH ANY DEVELOPER OF PROPERTY IN THE DISTRICT FOR THE PURPOSE OF FINANCING THE COSTS OF ANY PUBLIC IMPROVEMENTS, FACILITIES, SYSTEMS, OR PROJECTS WHICH THE DISTRICT MAY LAWFULLY PROVIDE, WHICH AGREEMENTS MAY CONSTITUTE DEBT OR INDEBTEDNESS AND MULTIPLE-FISCAL YEAR OBLIGATIONS OF THE DISTRICT TO THE EXTENT PROVIDED THEREIN AND OTHERWISE AUTHORIZED BY LAW, AND IN- {00416777.DOC/}. rg..454.1 147.-3 , _ L CONNECTION THEREWITH SHALL THE DISTRICT BE AUTHORIZED TO AGREE TO PAY SPECIE i HD REVENUES OF THE DISTRICT TO THE DEVELOPERS, TO MAKE COVENANTS REGARDING THE REVENUES OF THE DISTRICT, AND TO MAKE COVENANTS, REPRESENTATIONS, AND WARRANT (1-1S AS TO OTHER MATTERS ARISING UNDER THE AGREEMENTS, ALL AS MAY BE DETERMINED BY THE BOARD OF DIRECTORS OF THE DISTRICT? YES: NO: Two (2) Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO.5 BALLOT ISSUE P: (Mortgage of Property) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 5 BE AUTHORIZED TO ISSUE, CREATE, EXECUTE, AND DELIVER MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, WHETHER NOW OWNED OR HEREAFTER ACQUIRED, AND INCLUDING WITHOUT. LIMITATION WATER AND WATER RIGHTS, SUCH ENCUMBRANCES OF THE DISTRICT AND OF HAYMEADOW METROPOLITAN DISTRICT NOS. 1 TO 4, AND 6 TO BE IN THE AGGREGATE PRINCIPAL AMOUNT NOT TO EXCEED $35,000,000, PLUS INTEREST THEREON AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, ALL AS MAY BE DETERMINED BY THE BOARD OF DIRECTORS TO BE NECESSARY OR APPROPRIATE IN CONNECTION WITH THE ISSUANCE OF BONDS, NOTES, CONTRACTS, OR OTHER FINANCIAL OBLIGATIONS OF THE DISTRICT; SUCH ENCUMBRANCES TO BE CREATED FOR THE PURPOSE OF PROVIDING ADDITIONAL SECURITY FOR DISTRICT FINANCIAL OBLIGATIONS, AND TO BE CREATED AT ONE TIME OR FROM TIME TO TIME; SUCH MORTGAGES, DEEDS OF TRUST, Li FNS, OR OTHER ENCUMBRANCES TO ENTITLE THE OWNER OR BENEFICIARY THEREOF TO FORECLOSE UPON AND TAKE TITLE TO AND POSSESSION OF THE DISTRICT PROPERTY SO ENCUMBERED, AND IN CONNECTION THEREWITH SHALL THE DISTRICT BE AUTHORIZED TO MAKE SUCH COVENANTS REGARDING THE USE OF THE ENCUMBERED PROPERTY AND OTHER MATTERS ARISING UNDER THE ENCUMBRANCE, ALL AS MAY BE DETERMINED BY THE BOARD OF DIRECTORS OF THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO.5 BALLOT QUESTION Q (Transportation Services) Shall the Haymeadow Metropolitan District No. 5 be authorized to provide transportation services and exercise the power to establish, maintain, and operate a system to transport the (00416777330C I} YES: NO: CERTIFIED this 5th day of Nov her, Designated E Official Two (2) Zero (0) public by bus, rail, or any other means of convenience, or any combination thereof, within and without the District boundaries, but only within Eagle County, Colorado, within which the District is located? YES: Two (2) . NO: Zero (0) IIAYMEADOW METROPOLITAN DISTRICT NO. 5 BALLOT QUESTION R (Waiver of Tenn Limits) Shall the limitations on terms of office of elected members of the Board of Directors of the Haymeadow Metropolitan District No. 5 be eliminated pursuant to Article XVIII, Section 11(2) of the Colorado Constitution? Contact Person for District: Da eher Collins Cockrel & Cole Business Address: 390 Union Boulevard, Suite 400 Denver, Colorado 80228 Telephone Number: (303) 986-1551 _.{00416777.DOC t:gt2:5-:=05:€-Y5IFff:c7.1jty,=.7W-W-,9 EXHIBIT A (Attach Judges' Certificate of Election Returns) {00416777.DOC JUDGES' CERTIFICATE OF MAIL BALLOT ELECTION RETURNS AND STATEMENT OF BALLOTS FOR HAYMEADOW METROPOLITAN DISTRICT NO. 5 IT IS HEREBY CERTIF I FD by the undersigned, who conducted the mail ballot election held in the Haymeadow Metropolitan District No. 5, in Eagle County, Colorado, on the 4th day of November, 2014, that after qualifying by swearing and subscribing to their Oaths of Office, they opened the polls at 7:00 a.m., and that they kept the polls open continuously until the hour of 7:00 p.m. on such date, after which they counted the ballots. cast for Directors of the District and for the ballot issues and ballot questions submitted in accordance with the Colorado' Local Government Election Code. That the votes cast for Director of the District to act until the first regular election in May, 2016: CANDIDATE FOR DIRECTOR There were no candidates That the votes cast for Director of the District to act until the second regular election in May, 2018: CANDIDATE FOR DIRECTOR NUMBER OF VOTES CAST Jens M. Werner Two (2) Richard Pylman Two (2) That the votes cast for and against the ballot questions and ballot issues submitted were as follows: HAYMEADOW METROPOLITAN DISTRICT NO. 5 BALLOT QUESTION A: Shall Haymeadow Metropolitan District No. 5 be organized? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 5 BALLOT ISSUE B: SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 5 TAXES BE INCREASED $50,000 ANNUALLY (FIRST FULL FISCAL YEAR INCREASE) AND BY SUCH OTHER AMOUNTS COLLECTED IN EACH YEAR THEREAFTER FROM A MILL LEVY IMPOSED AT A RATE NOT TO EXCEED 50.000 MILLS (WITH THE ACTUAL MILL LEVY RATE FOR ANY FISCAL YEAR TO BE ADJUSTED DOWNWARDS OR UPWARDS BY THE BOARD OF DIRECTORS IN ITS DISCRETION) TO PAY THE DISTRICT'S ADMINISTRATION, OPERATIONS, MAINTENANCE, CAPITAL IMPROVEMENT AND OTHER EXPENSES WITHOUT LIMITATION; PROVIDED THAT SUCH MILL LEVY MAY BE ADJUSTED (A) TO ACCOUNT FOR CHANGES IN THE LAW OR THE METHOD BY WHICH ASSESSED VALUATION IS CALCULATED, INCLUDING A CHANGE IN THE PERCENTAGE OF ACTUAL VALUATION USED TO DETERMINE ASSESSED VALUATION, (B) TO OFFSET ANY PROPERTY TAX CUT OR LIMIT WHICH IS MANDATED BY ARTICLE X, SECTION 20 OR OTHER PROVISIONS OF THE COLORADO CONSTITUTION, AS IT CURRENTLY EXISTS OR AS IT MAY BE AMENDED, AND (C) TO OFFSET REFUNDS AND ABATEMENTS; AND SHALL THE PROCEEDS OF SUCH TAXES AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION, SECTION 29-1-301, C.R.S., OR ANY OTHER LAW, AND WITHOUT LIMITING IN YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 5 BALLOT ISSUE C: (Debt for Parks and Recreation) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 5 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 5 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING PARKS AND RECREATION IMPROVEMENTS AND PROGRAMS AS AUTHORIZED BY LAW, INCLUDING WITHOUT LIMITATION PARKS, TRAILS, PATHS AND OPEN SPACE, TOGETHER WITH ALL NECESSARY, INCIDENTAL AND APPURTENANT FACILITIES, LAND AND EASEMENTS, AND ALL EXTENSIONS OF AND IMPROVEMENTS TO SUCH FACILITIES WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL . LEVY IMPOSED WITHOUT LIMITATION OF =RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFIC I HNT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED 'WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: Two (2) NO: Zero (0) - HAYMEADOW METROPOLITAN DISTRICT NO. 5 BALLOT ISSUE D: (Debt for Drainage) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 5 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 5 TAXES BE INCREASED $41;300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING A STORMWATER MANAGEMENT SYSTEM, INCLUDING WITHOUT LIMITATION STORMWATER, SEWER, FLOOD AND SURFACE DRAINAGE FACILITIES AND SYSTEMS, DETENTION/RETENTION PONDS AND ASSOCIATED DRAINAGE FACILITIES, TOGETHER WITH ALL NECESSARY, INCIDENTAL AND APPURTENANT FACILITIES, LAND AND EASEMENTS, AND ALL EXTENSIONS OF AND IMPROVEMENTS TO SUCH FACILITIES WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES. OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN- ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: Two (2) NO: • Zero (0) HAY-MEADOW METROPOLITAN DISTRICT NO. 5 BALLOT ISSUE E: (Debt for Street Improvements) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 5 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 5 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING STREET, ROADWAY AND RELATED LANDSCAPING IMPROVEMENTS, INCLUDING CURBS, GUTTERS, CULVERTS, AND OTHER DRAINAGE FACILITIES, PEDESTRIAN WAYS, BRIDGES, ALLEYS, PARKING FACILIT I tiS, PAVING, LIGHTING, GRADING, LANDSCAPING, IRRIGATION, AND STRUCTURES; AND STREET-RELATED ELECTRIC, TELEPHONE, AND GAS; TOGETHER WITH ALL NECESSARY, INCIDENTAL, AND APPURTENANT FACILITIES, LAND AND EASEMENTS, AND ALL EXTENSIONS OF AND IMPROVEMENTS TO SAID FACILITIES WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFIC ENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IP ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 5 BALLOT ISSUE F: (Debt for Water) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 5 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 5 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LI ENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING COMPLETE POTABLE WATER SYSTEM AND A COMPLETE NONPOTABLE IRRIGATION WATER SYSTEM, INCLUDING BUT NOT LIMITED TO, WATER RIGHTS, WATER SUPPLY, TREATMENT, STORAGE, TRANSMISSION AND DISTRIBUTION SYSTEMS FOR PUBLIC OR PRIVATE PURPOSES, TOGETHER WITH ALL NECESSARY AND PROPER RESERVOIRS, TREATMENT WORKS AND FACILITIES, WELLS, WATER RIGHTS, EQUIPMENT AND APPURTENANCES INCIDENT THERETO WHICH MAY INCLUDE, BUT SHALL NOT BE LIMITED TO, TRANSMISSION LINES, DISTRIBUTION MAINS AND LATERALS, STORAGE FACILITIES, LAND AND EASEMENTS, TOGETHER WITH EXTENSIONS OF AND IMPROVEMENTS TO SAID FACILITIES OR SYSTEMS WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH-TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: NO: Two (2) Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 5 BALLOT ISSUE G: (Debt for Sewer) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 5 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 5 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF. TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING SANITARY SEWERS, WASTEWATER TREATMENT AND DISPOSAL WORKS AND FACILITIES, WATER QUALITY FACILITIES, EQUIPMENT AND APPURTENANCES INCIDENT THERETO, TOGETHER WITH ALL NECESSARY, INCIDENTAL AND APPURTENANT FACILIT 114,S, LAND AND EASEMENTS, AND ALL NECESSARY EXTENSIONS OF AND IMPROVEMENTS TO SAID FACILITIES OR SYSTEMS WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER-ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT;. AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: NO: Two (2) Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 5 BALLOT ISSUE H: (Debt for Transportation) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 5 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000,-AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 5 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING A SYSTEM TO TRANSPORT THE PUBLIC BY BUS, RAIL, OR ANY OTHER MEANS OF CONVEYANCE, OR ANY COMBINATION THEREOF, TOGETHER WITH ALL NECESSARY, INCIDENTAL AND APPURTENANT FACILITIES, LAND AND EASEMENTS, AND ALL EXTENSIONS OF AND IMPROVEMENTS TO SUCH FACILITIES WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH . DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH-`TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE; INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO.5 BALLOT ISSUE I: (Debt for Traffic and Safety Controls) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 5 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO.5 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING TRAFFIC AND SAFETY CONTROLS AND DEVICES ON STREETS AND HIGHWAYS AND AT RAILROAD CROSSINGS, TOGETHER WITH ALL NECESSARY, INCIDENTAL AND APPURTENANT FACILITIES, LAND AND EASEMENTS, AND ALL EXTENSIONS OF AND IMPROVEMENTS TO SUCH FACILITIES WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN- ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 5 BALLOT ISSUE J: (Debt for Mosquito Control) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 5 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 5 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LI ENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING IMPROVEMENTS TO PROVIDE FOR THE ELIMINATION AND CONTROL OF MOSQUITOES, TOGETHER WITH ALL NECESSARY, INCIDENTAL AND APPURTENANT FACILITIES, LAND AND EASEMENTS, AND ALL EXTENSIONS OF AND IMPROVEMENTS TO SUCH FACILITIES WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY:AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS. OF THE DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY TEE DISTRICT BOARD AND IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY; AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A • VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO.5 BALLOT ISSUE K: (Debt for Fire Protection) SHALL HAYMEADOW METROPOLITAN DISTRICT NO 5 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO.5 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING FIRE PROTECTION, TOGETHER WITH ALL NECESSARY, INCIDENTAL AND APPURTENANT FACILITIES, LAND AND EASEMENTS, AND ALL EXTENSIONS OF AND IMPROVEMENTS TO SUCH FACILITIES WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO - THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 5 BALLOT ISSUE L: (Debt for Refunding) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 5 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 5 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF REFUNDING, PAYING, OR DEFEASING, IN WHOLE OR IN PART, BONDS, NOTES, OR OTHER FINANCIAL OBLIGATIONS OF THE DISTRICT; SUCH DEBT TO BEAR INTEREST AT A RATE TO BE DETERMINED BY THE DISTRICT BOARD, WHICH INTEREST RATE MAY BE HIGHER THAN THE INTEREST RATE BORNE BY THE OBLIGATIONS BEING REFUNDED BUT IN NO EVENT SHALL THE NET EFFECTIVE INTEREST RATE EXCEED 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED;"--THEPRINCIPAL AMOUNT OF SUCH DEBT, TOGETHER WITH ALL OTHER DEBT OF THE DISTRICT AUTHORIZED BY ANY OTHER BALLOT QUESTION AND ALL DEBT ISSUED BY HAYMEADOW METROPOLITAN DISTRICT NOS. 1 TO 4 AND 6, NOT TO EXCEED AN AGGREGATE OF $35,000,000; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING WITHOUT LIMITATION FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICI FiNT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: NO: Two (2) Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 5 BALLOT ISSUE M: (Intergovernmental Agreements with the State or Political Subdivisions) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 5 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 5 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT AND MULTIPLE-FISCAL YEAR OBLIGATIONS; SUCH DEBT AND OBLIGATIONS TO CONSIST OF ONE OR MORE INTERGOVERNMENTAL AGREEMENTS WITH THE STATE OR ANY POLITICAL SUBDIVISION OF THE STATE, INCLUDING THE TOWN OF EAGLE, COLORADO, AND HAYMEADOW METROPOLITAN DISTRICT NOS. 1 TO 4, AND 6, FOR THE PURPOSE OF JOINTLY FINANCING THE COSTS OF ANY PUBLIC IMPROVEMENTS, FACILITIES, SYSTEMS, PROGRAMS, OR PROJECTS WHICH THE DISTRICT MAY LAWFULLY PROVIDE, OR FOR THE PURPOSE OF PROVIDING FOR THE OPERATIONS AND MAINTENANCE OF THE DISTRICT AND ITS FACILITIES AND PROPERTIES; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM THE DISTRICT'S OPERATING MILL LEVY IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY FOR THE PURPOSES SPECIFI KD ABOVE; AND IN CONNECTION THEREWITH SHALL THE DISTRICT BE AUTHORIZED TO MAKE COVENANTS REGARDING THE ESTABLISHMENT AND USE OF AD VALOREM TAXES, RATES, FEES, TOLLS, PENALTIES, AND OTHER CHARGES OR REVENUES OF THE DISTRICT, AND COVENANTS, REPRESENTATIONS, AND WARRANTIES. AS TO OTHER • MATTERS ARISING UNDER THE AGREEMENTS, ALL AS MAY BE DETERMINED BY THE BOARD OF DIRECTORS OF THE DISTRICT? YES: NO: Two (2) Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 5 BALLOT ISSUE N: (TABOR Exemption for Revenue) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 5 BE AUTHORIZED TO COLLECT, RETAIN, AND SPEND ANY AND ALL AMOUNTS ANNUALLY FROM ANY REVENUE SOURCES WHATSOEVER (INCLUDING WITHOUT LIMITATION ANY REVENUES FROM AD VALOREM PROPERTY TAXES, TAXES, SPECIFIC OWNERSHIP TAXES, FEES, RATES, TOLLS, PENALTIES, OR CHARGES, STATE, FEDERAI, AND PRIVATE GRANTS AND GIFTS, OR ANY OTHER SOURCE); AND SHALL SUCH REVENUES BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER AS A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 5 BALLOT ISSUE 0: (Developer Agreements) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 5 BE AUTHORIZED TO ENTER INTO AGREEMENTS WITH ANY DEVELOPER OF PROPERTY IN THE DISTRICT FOR THE PURPOSE OF FINANCING THE COSTS OF ANY PUBLIC IMPROVEMENTS, FACILITIES, SYSTEMS, OR PROJECTS WHICH THE DISTRICT MAY LAWFULLY PROVIDE, WHICH AGREEMENTS MAY CONSTITUTE DEBT OR INDEBTEDNESS AND MULTIPLE-FISCAL YEAR OBLIGATIONS OF THE DISTRICT TO THE EXTENT PROVIDED THEREIN AND OTHERWISE AUTHORIZED BY LAW, AND IN CONNECTION THEREWITH SHALL THE DISTRICT BE AUTHORIZED TO AGREE TO PAY SPECIFIED REVENUES OF THE DISTRICT TO THE DEVELOPERS, TO MAKE COVENANTS REGARDING THE REVENUES OF THE DISTRICT, AND TO MAKE COVENANTS, REPRESENTATIONS, AND WARRANTIES AS TO OTHER MATTERS ARISING UNDER THE AGREEMENTS, ALL AS MAY BE DETERMINED BY THE BOARD OF DIRECTORS OF THE DISTRICT? YES: Two (2) Zero (0) NO: HAYMEADOW METROPOLITAN DISTRICT-NO: 5 BALLOT ISSUE P: (Mortgage of Property) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 5 BE AUTHORIZED TO ISSUE, CREATE, EXECUTE, AND DELIVER MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, WHETHER NOW OWNED OR HEREAFTER ACQUIRED, AND INCLUDING WITHOUT LIMITATION WATER AND WATER RIGHTS, SUCH ENCUMBRANCES OF THE DISTRICT AND OF HAYMEADOW METROPOLITAN DISTRICT NOS. 1 TO 4, AND 6 TO BE IN THE AGGREGATE PRINCIPAL AMOUNT NOT TO EXCEED $35,000,000, PLUS INTEREST THEREON AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, ALL AS MAY BE DETERMINED BY THE BOARD OF DIRECTORS TO BE NECESSARY OR APPROPRIATE IN CONNECTION WITH THE ISSUANCE OF BONDS, NOTES, CONTRACTS, OR OTHER FINANCIAL OBLIGATIONS OF THE DISTRICT; SUCH ENCUMBRANCES TO BE CREATED FOR THE PURPOSE OF PROVIDING ADDITIONAL SECURITY FOR DISTRICT FINANCIAL OBLIGATIONS, AND TO BE CREATED AT ONE TIME OR FROM TIME TO TIME; SUCH MORTGAGES, DEEDS OF TRUST, LI FNS, OR OTHER ENCUMBRANCES TO ENTITLE THE OWNER OR BENEFICIARY THEREOF TO FORECLOSE UPON AND TAKE TITLE TO AND POSSESSION OF THE DISTRICT PROPERTY SO ENCUMBERED, AND IN CONNECTION THEREWITH SHALL THE DISTRICT BE AUTHORIZED TO MAKE SUCH COVENANTS REGARDING THE USE OF THE ENCUMBERED PROPERTY AND OTHER MATTERS ARISING UNDER THE ENCUMBRANCE, ALL AS MAY BE DETERMINED BY THE BOARD OF DIRECTORS OF THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 5 BALLOT QUESTION Q (Transportation Services) Shall the Haymeadow Metropolitan District No. 5 be authorized to provide transportation services and exercise; the power to establish, maintain, and operate a system to transport the public by bus, rail, or any other means of convenience, or any combination thereof, within and without the District boundaries, but only within Eagle County, Colorado, within which the District is located? YES: Two (2) NO: Zero (0) f3=7575: „ t - • HAYMEADOW METROPOLITAN DISTRICT NO. 5 BALLOT QUESTION R (Waiver of Term Limits) Shall the limitations on tennis of office of elected members of the Board of Directors of the Haymeadow Metropolitan District No. 5 be eliminated pursuant to Article XVIII, Section 11(2) of the Colorado Constitution? YES: Two (2) NO: Zero (0) It is hereby identified and specified that: Total Number of Ballots Delivered to Electors (including UOCAVA ballots): Total Number of Ballots Voted Three (3) (including UOCAVA ballots): Two (2) Number of Ballots Returned Undelivered: Zero (0) Number of Spoiled Ballots (Replacement Ballot issued): One (1) Number of Rejected Ballots: Zero (0) Number of Defective Ballots: Zero (0) Number of Substitute Ballots Voted: Zero (0) Number of Unofficial Ballots Voted: Zero (0) Total Number of Ballots Returned to Designated Election Official (including UOCAVA ballots): Certified this 4th day of November, 2014. Two (2) CANVASS BOARD'S CERTIFICATE OF DE TERMINATION OF OFFICIAL ELECTION RESULTS FOR THE SPECIAL ORGANIZATION ELECTION HELD NOVEMBER 4, 2014 FOR THE HAYMEADOW METROPOLITAN DISTRICT NO.6 Each of the undersigned members of the Canvass Board of the Haymeadow Metropolitan District No. 6 ("District") certifies that the following is a true and correct determination of the official election results of the special organization election of the District, at which time the eligible electors of the District voted as indicated on the attached Judges' Certificate of Election Returns, and as a result of which the eligible electors elected to office the following Directors: Jens M. Werner Term to May, 2018 P.O. Box 2964 Avon, Colorado 81620 Richard J. Pylman Term to May, 2018 P.O. Box 1195 Edwards, Colorado 81632 Vacancy Term to May, 2018 Vacancy Term to May, 2016 Vacancy Term to May, 2016 The votes cast for and against each ballot issue and ballot question submitted were as follows: HAYMEADOW METROPOLITAN DISTRICT NO.6 BALLOT QUESTION A: Shall Haymeadow Metropolitan District No. 6 be organized? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO.6 BALLOT ISSUE B: SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 6 TAXES BE INCREASED $50,000 ANNUALLY (FIRST FULL FISCAL YEAR INCREASE) AND BY SUCH OTHER AMOUNTS COLLECTED IN EACH YEAR THEREAFTER FROM A MILL LEVY IMPOSED AT A RATE NOT TO EXCEED 50.000 MILLS (WITH THE ACTUAL MILL LEVY RATE FOR ANY FISCAL YEAR TO BE ADJUSTED DOWNWARDS OR UPWARDS BY THE BOARD OF DIRECTORS IN ITS DISCRETION) TO PAY THE DISTRICT'S ADMINISTRATION, OPERATIONS, MAINTENANCE, CAPITAL IMPROVEMENT AND OTHER EXPENSES WITHOUT LIMITATION; PROVIDED THAT SUCH MILL LEVY MAY BE ADJUSTED (A) TO ACCOUNT FOR CHANGES IN THE LAW OR THE METHOD BY WHICH ASSESSED VALUATION IS CALCULATED, INCLUDING A (00416946.DOC /} CHANGE IN THE PERCENTAGE OF ACTUAL VALUATION USED TO DETERMINE ASSESSED VALUATION, (B) TO OFFSET ANY PROPERTY TAX CUT OR LIMIT WHICH IS MANDATED BY ARTICLE X, SECTION 20 OR OTHER PROVISIONS OF THE COLORADO CONSTITUTION, AS IT CURRENTLY EXISTS OR AS IT MAY BE AMENDED, AND (C) TO OFFSET REFUNDS AND ABATEMENTS; AND SHALL THE PROCEEDS OF SUCH TAXES AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION, SECTION 29-1-301, C.R.S., OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 6 BALLOT ISSUE C: (Debt for Parks and Recreation) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 6 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 6 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAYBE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, URNS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING PARKS AND RECREATION IMPROVEMENTS AND PROGRAMS AS AUTHORIZED BY LAW, INCLUDING WITHOUT LIMITATION PARKS, TRAILS, PATHS AND OPEN SPACE, , TOGETHER WITH ALL NECESSARY, INCIDENTAL AND APPURTENANT FACILITIES, LAND AND EASEMENTS, AND ALL EXTENSIONS OF AND IMPROVEMENTS TO SUCH FACILITIES WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL [00416946.DOC I} LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICE HNT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 6 BALLOT ISSUE D: (Debt for Drainage) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 6 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 6 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING A STORMWATER MANAGEMENT SYSTEM, INCLUDING WITHOUT LIMITATION STORMWATER, SEWER, FLOOD AND SURFACE DRAINAGE FACILITIES AND SYSTEMS, DETENTION/RETENTION PONDS AND ASSOCIATED DRAINAGE FACILITIES, TOGETHER WITH ALL NECESSARY, INCIDENTAL AND APPURTENANT FACILITIES, LAND AND EASEMENTS, AND ALL EXTENSIONS OF AND IMPROVEMENTS TO SUCH FACILITIES WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18%\ PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN {00416946.DOC /} EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 6 BALLOT ISSUE E: (Debt for Street Improvements) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 6 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 6 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING STREET, ROADWAY AND RELATED LANDSCAPING IMPROVEMENTS, INCLUDING CURBS, GUTTERS, CULVERTS, AND OTHER DRAINAGE FACILITIES, PEDESTRIAN WAYS, BRIDGES, ALLEYS, PARKING FACILITIES, PAVING, LIGHTING, GRADING, LANDSCAPING, IRRIGATION, AND STRUCTURES; AND STREET-RELATED ELECTRIC, TELEPHONE, AND GAS; TOGETHER WITH ALL NECESSARY, INCIDENTAL, AND APPURTENANT FACILITIES, LAND AND EASEMENTS, AND ALL EXTENSIONS OF AND IMPROVEMENTS TO SAID FACILITIES WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR {00416946.DOC /} EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 6 BALLOT ISSUE F: (Debt for Water) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 6 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 6 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING COMPLETE POTABLE WATER SYSTEM AND A COMPLETE NONPOTABLE IRRIGATION WATER SYSTEM, INCLUDING BUT NOT LIMITED TO, WATER RIGHTS, WATER SUPPLY, • TREATMENT, STORAGE, TRANSMISSION AND DISTRIBUTION SYSTEMS FOR PUBLIC OR PRIVATE PURPOSES, TOGETHER WITH ALL NECESSARY AND PROPER RESERVOIRS, TREATMENT WORKS AND FACILITIES, WELLS, WATER RIGHTS, EQUIPMENT AND APPURTENANCES INCIDENT THERETO WHICH MAY INCLUDE, BUT SHALL NOT BE LIMITED TO, TRANSMISSION LINES, DISTRIBUTION MAINS AND LATERALS, STORAGE FACILITIES, LAND AND EASEMENTS, TOGETHER WITH {00416946.DOC I} EXTENSIONS OF AND IMPROVEMENTS TO SAID FACILITIES OR SYSTEMS WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFIC ENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 6 BALLOT ISSUE G: (Debt for Sewer) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 6 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 6 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING SANITARY SEWERS, WASTEWATER TREATMENT AND DISPOSAL WORKS AND FACILITIES, WATER QUALITY FACILITIES, EQUIPMENT AND APPURTENANCES INCIDENT (00416946.DOC I} THERETO, TOGETHER WITH ALL NECESSARY, INCIDENTAL AND APPURTENANT FACILIT RS, LAND AND EASEMENTS, AND ALL NECESSARY EXTENSIONS OF AND IMPROVEMENTS TO SAID FACILITIES OR SYSTEMS WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICi HNT TO PRODUCE THE ANNUAL • INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 6 BALLOT ISSUE H: (Debt for Transportation) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 6 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 6 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING A SYSTEM TO TRANSPORT THE PUBLIC BY BUS, RAIL, OR ANY OTHER MEANS OF t00416946.DOC I) CONVEYANCE, OR ANY COMBINATION THEREOF, TOGETHER WITH ALL NECESSARY, INCIDENTAL AND APPURTENANT FACILITIES, LAND AND EASEMENTS, AND ALL EXTENSIONS OF AND IMPROVEMENTS TO SUCH FACILIT h'S WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED. TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 6 BALLOT ISSUE I: (Debt for Traffic and Safety Controls) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 6 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW MEIROPOLITAN DISTRICT NO. 6 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING TRAFFIC {00416946.DOC AND SAFETY CONTROLS AND DEVICES ON STREETS AND HIGHWAYS AND AT RAILROAD CROSSINGS, TOGETHER WITH ALL NECESSARY, INCIDENTAL AND APPURTENANT FACILITIES, LAND AND EASEMENTS, AND ALL EXTENSIONS OF AND IMPROVEMENTS TO SUCH FACILITIES WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICI ENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT . MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 6 BALLOT ISSUE J: (Debt for Mosquito Control) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 6 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 6 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL {00416946.DOC OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING IMPROVEMENTS TO PROVIDE FOR THE ELIMINATION AND CONTROL OF • MOSQUITOES, TOGETHER WITH ALL NECESSARY, INCIDENTAL AND APPURTENANT FACILITTFS, LAND AND EASEMENTS, AND ALL EXTENSIONS OF AND IMPROVEMENTS TO SUCH FACILIT HS WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST. TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT. AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT *BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 6 BALLOT ISSUE K: (Debt for Fire Protection) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 6 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 6 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO (00416946.DOC I) PAY THE DISTRICT'S DEBT; SUCHDEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING FIRE PROTECTION, TOGETHER WITH ALL NECESSARY; INCIDENTAL AND APPURTENANT FACILITIES, LAND AND EASEMENTS, AND ALL EXTENSIONS OF AND IMPROVEMENTS TO SUCH FACILITIES WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST, TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: Two (2) NO: Zero (0) HAY-MEADOW METROPOLITAN DISTRICT NO. 6 BALLOT ISSUE L: (Debt for Refunding) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 6 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO_ 6 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION {00416946.DOC /} BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF REFUNDING, PAYING, OR DEFEA_SING, IN WHOLE OR IN PART, BONDS, NOTES, OR OTHER FINANCIAL OBLIGATIONS OF THE DISTRICT; SUCH DEBT TO BEAR INTEREST AT A RATE TO BE DETERMINED BY THE DISTRICT BOARD, WHICH INTEREST RATE MAY BE HIGHER THAN THE INTEREST RATE BORNE BY THE OBLIGATIONS BEING REFUNDED BUT IN NO EVENT SHALL THE NET EFFECTIVE INTEREST RATE EXCEED 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE.ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; THE PRINCIPAL AMOUNT OF SUCH DEBT, TOGETHER WITH ALL OTHER DEBT OF THE DISTRICT AUTHORIZED BY ANY OTHER BALLOT QUESTION AND ALL DEBT ISSUED BY HAYMEADOW METROPOLITAN DISTRICT NOS. 1 TO 5, NOT TO EXCEED AN AGGREGATE OF $35,000,000; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING WITHOUT LIMITATION FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICIENT TO PRODUCE TI-I V. ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO 'PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR AI,IY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 6 BALLOT ISSUE M: (Intergovernmental Agreements with the State or Political Subdivisions) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 6 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 6 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO (00416946.DOC PAY THE DISTRICT'S DEBT AND MULTIPLE-FISCAL YEAR OBLIGATIONS; SUCH DEBT AND OBLIGATIONS TO CONSIST OF ONE OR MORE INTERGOVERNMENTAL AGREEMENTS WITH THE STATE OR ANY POLITICAL SUBDIVISION OF THE.STATE, INCLUDING THE TOWN OF EAGLE, COLORADO, AND HAYMEADOW METROPOLITAN DISTRICT NOS. 1 TO 5, FOR THE PURPOSE OF JOINTLY FINANCING THE COSTS OF ANY PUBLIC IMPROVEMENTS, FACILITIES, SYSTEMS, PROGRAMS, OR PROJECTS WHICH THE DISTRICT MAY LAWFULLY PROVIDE, OR FOR THE PURPOSE OF PROVIDING FOR THE OPERATIONS AND MAINTENANCE OF THE DISTRICT AND ITS FACILITIES AND. PROPERTIES; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM THE DISTRICT'S OPERATING MILL LEVY IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY FOR THE PURPOSES SPECIF I KD ABOVE; AND IN CONNECTION THEREWITH SHALL THE DISTRICT BE AUTHORIZED TO MAKE COVENANTS REGARDING TIM ESTABLISHMENT AND USE OF AD VALOREM TAXES, RATES, FEES, TOLLS, PENALTIES, AND OTHER CHARGES OR REVENUES OF THE DISTRICT, AND COVENANTS, REPRESENTATIONS, AND WARRANTIES AS TO OTHER MATTERS. ARISING UNDER THE AGREEMENTS, ALL AS MAY BE DETERMINED BY THE BOARD OF DIRECTORS OF THE DISTRICT? YES: Two (2) NO: Zero (0) • HAYMEADOW METROPOLITAN DISTRICT NO. 6 BALLOT ISSUE N: (TABOR Exemption for Revenue) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 6 BE AUTHORIZED TO COLLECT, RETAIN, AND SPEND ANY AND ALL AMOUNTS ANNUALLY FROM ANY REVENUE SOURCES WHATSOEVER (INCLUDING WITHOUT LIMITATION ANY REVENUES FROM AD VALOREM PROPERTY TAXES, TAXES, SPECIFIC OWNERSHIP TAXES, FEES, RATES, TOLLS, PENALTIES, OR CHARGES, STATE, FEDERAL AND PRIVATE GRANTS AND GIFTS, OR ANY OTHER SOURCE); AND SHALL SUCH REVENUES BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER AS A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: Two (2) NO: Zero (0) {00416946.DOC I) HAYMEADOW METROPOLITAN DISTRICT NO. 6 BALLOT ISSUE 0: (Developer Agreements) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 6 BE AUTHORIZED TO ENTER INTO AGREEMENTS WITH ANY DEVELOPER OF PROPERTY IN THE DISTRICT FOR THE PURPOSE OF FINANCING THE COSTS OF ANY PUBLIC IMPROVEMENTS, FACILITIES, SYSTEMS, OR PROJECTS WHICH THE DIS'IRICT MAY LAWFULLY PROVIDE, WHICH AGREEMENTS MAY CONSTITUTE DEBT OR INDEBTEDNESS AND MULTIPLE-FISCAL YEAR OBLIGATIONS OF THE DISTRICT TO THE EXTENT PROVIDED THEREIN AND OTHERWISE AUTHORIZED BY LAW, AND IN CONNECTION THEREWITH SHALL THE DISTRICT BE AUTHORIZED TO AGREE TO PAY SPECIFIED REVENUES OF THE DISTRICT TO THE DEVELOPERS, TO MAKE COVENANTS REGARDING THE REVENUES OF THE DISTRICT, AND TO MAKE • COVENANTS, REPRESENTATIONS, AND WARRANT! HS AS TO OTHER MATTERS ARISING UNDER THE AGREEMENTS, ALL AS MAY BE DETERMINED BY THE BOARD OF DIRECTORS OF THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 6 BALLOT ISSUE P: (Mortgage of Property) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 6 BE AUTHORIZED TO ISSUE, CREATE, EXECUTE, AND DELIVER MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, WHETHER NOW OWNED OR HEREAFTER ACQUIRED, AND INCLUDING WITHOUT LIMITATION WATER AND WATER RIGHTS, SUCH ENCUMBRANCES OF THE DISTRICT AND OF HAYMEADOW METROPOLITAN DISTRICT NOS. 1 TO 5, TO/BE IN THE AGGREGATE PRINCIPAL AMOUNT NOT TO EXCEED $35,000,000, PLUS INTEREST THEREON AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, ALL AS MAY BE DETERMINED BY THE BOARD OF DIRECTORS TO BE NECESSARY OR APPROPRIATE IN CONNECTION WITH THE ISSUANCE OF BONDS, NOTES, CONTRACTS, OR OTHER FINANCIAL OBLIGATIONS OF THE DISTRICT; SUCH ENCUMBRANCES TO BE CREATED FOR THE PURPOSE OF PROVIDING ADDITIONAL SECURITY FOR DISTRICT FINANCIAL OBLIGATIONS, AND TO BE CREATED AT ONE TIME OR FROM TIME TO TIME; SUCH MORTGAGES, DEEDS OF TRUST, LIENS, OR OTHER ENCUMBRANCES TO ENTITLE THE OWNER OR BENEFICIARY THEREOF TO FORECLOSE UPON AND TAKE TITLE TO AND POSSESSION OF THE DISTRICT PROPERTY SO ENCUMBERED, AND IN CONNECTION THEREWITH SHALL THE DISTRICT BE AUTHORIZED TO MAKE SUCH COVENANTS REGARDING THE USE OF THE ENCUMBERED PROPERTY AND OTHER (00416946.DOC I) • MATTERS ARISING UNDER THE ENCUMBRANCE, ALL AS MAY BE DETERMINED BY THE BOARD OF DIRECTORS OF THE DISTRICT? YES: Two (2) Zero (0) NO: HAYMEADOW METROPOLITAN DISTRICT NO.. 6 BALLOT QUESTION (Transportation Services) Shall the Haymeadow Metropolitan District No. 6 be authorized to provide transportation services and exercise the power to establish, maintain, and operate a system to transport the public by bus, rail, or any other means of convenience, or any combination thereof, within and without the District boundaries, but only within Eagle County, Colorado, within which the District is located? YES: NO: Two (2) Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 6 BALLOT QUESTION R (Waiver of Term Limits) Shall the limitations on terms of office of elected members of the Board of Directors of the Haymeadow Metropolitan District No. 6 be eliminated pursuant to Article XVIII, Section 11(2) of the Colorado Constitution? YES: NO: CERTIFIED this 5th day of November, 20 Two (2) Zero (0) Contact Person for District: Business Address: Telephone Number: Designated Electi David A. Greh r C•llins Cockr: & Cole 3 Union B ,,ulevard, Suite 400 Den orado 80228 (303) 986-1551 {00416946.DOC EXHIBIT A (Attach Judges' Certificate of Election Returns) {00416946.DOC /} JUDGES' CERTIFICATE OF MAIL BALLOT ELECTION. RETURNS AND STATEMENT OF BALLOTS FOR HAYMEADOW METROPOLITAN DISTRICT NO. 6 IT IS HEREBY CERTIFIED by the undersigned, who conducted the mail ballot election held in the Haymeadow Metropolitan District No. 6, in Eagle County, Colorado, on the 4th day of November, 2014, that after qualifying by swearing and subscribing to their Oaths of Office, they opened the polls at 7:00 a.m., and that they kept the polls open continuously,until the hour of 7:00 p.m. on such date, after which they counted the ballots cast for Directors of the District and for the ballot issues and ballot questions submitted in accordance with the Colorado Local Government Election Code. That the votes cast for Director of the District to act until the first regular election in May, 2016: CANDIDATE FOR DIRECTOR There were no candidates That the votes cast for Director of the District to act until the second regular election in May, 2018: ' CANDIDATE FOR DIRECTOR NUMBER OF VOTES CAST Jens M. Werner Two (2) Richard_ Pylman Two (2) That the votes cast for and against the ballot questions and ballot issues submitted were as follows: HAYMEADOW METROPOLITAN DISTRICT NO. 6 BALLOT QUESTION A: Shall Haymeadow Metropolitan District No. 6 be organized? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 6 BALLOT ISSUE B: SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 6 TAXES BE INCREASED $50,000 ANNUALLY (FIRST FULL FISCAL YEAR INCREASE) AND BY SUCH. OTHER AMOUNTS COLLECTED IN EACH YEAR THEREAFTER FROM A MILL LEVY IMPOSED AT A RATE NOT TO EXCEED 50.000 MILLS (WITH THE ACTUAL MILL LEVY RATE FOR ANY FISCAL YEAR TO BE ADJUSTED DOWNWARDS OR UPWARDS BY THE BOARD OF DIRECTORS IN ITS DISCRETION) TO PAY THE DISTRICT'S ADMINISTRATION, OPERATIONS, MAINTENANCE, CAPITAL IMPROVEMENT AND OTHER EXPENSES WITHOUT LIMITATION; PROVIDED THAT SUCH MILL LEVY MAY BE ADJUSTED (A) TO ACCOUNT FOR CHANGES IN THE LAW OR THE METHOD BY WHICH ASSESSED VALUATION IS CALCULATED, INCLUDING A CHANGE IN THE PERCENTAGE OF ACTUAL VALUATION USED TO DETERMINE ASSESSED VALUATION, (B) TO OFFSET ANY PROPERTY TAX CUT OR LIMIT WHICH IS MANDATED BY ARTICLE X, SECTION 20 OR OTHER PROVISIONS OF THE COLORADO CONSTITUTION, AS IT CURRENTLY EXISTS OR AS IT MAY BE AMENDED, AND (C) TO OFFSET REFUNDS AND ABATEMENTS; AND SHALL THE PROCEEDS OF SUCH TAXES AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION, SECTION 29-1-301, C.R.S., OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: Two (2) NO: Zero (0) HAY1VrEADOW METROPOLITAN DISTRICT NO. 6 BALLOT ISSUE C: (Debt for Parks and Recreation) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 6 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 6 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING PARKS AND RECREATION IMPROVEMENTS AND PROGRAMS AS AUTHORIZED BY LAW, INCLUDING WITHOUT LIMITATION PARKS, TRAILS, PATHS AND OPEN SPACE, TOGETHER WITH ALL NECESSARY, INCIDENTAL AND APPURTENANT FACILITIES, LAND AND EASEMENTS, AND ALL EXTENSIONS OF AND IMPROVEMENTS TO SUCH FACILIT I S WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE. OR WITFISUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 6 BALLOT ISSUE D: (Debt for Drainage) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 6 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 6 TAXES BE INCREASED $41,300,000 'ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO .PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF. PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING A STORMWATER MANAGEMENT SYSTEM, INCLUDING WITHOUT LIMITATION STORMWATER, SEWER, FLOOD AND SURFACE DRAINAGE FACILITIES AND SYSTEMS, DETENTION/RETENTION PONDS AND ASSOCIATED DRAINAGE FACILIT I HS, TOGETHER WITH ALL NECESSARY, INCIDENTAL AND APPURTENANT . FACILIT I HS, LAND AND EASEMENTS, AND ALL EXTENSIONS OF AND IMPROVEMENTS TO SUCH FACILITIES WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO • MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF' THE DISTRICT, INCLUDING- FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 6 BALLOT ISSUE E: (Debt for Street Improvements) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 6 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO_ 6 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING STREET, ROADWAY AND RELATED LANDSCAPING IMPROVEMENTS, INCLUDING CURBS, GUTTERS, CULVERTS, AND OTHER DRAINAGE FACILITIES, PEDESTRIAN WAYS, BRIDGES, ALLEYS, PARKING FACILITIF,S, PAVING, LIGHTING, GRADING, LANDSCAPING, IRRIGATION, AND STRUCTURES; AND STREET-RELATED ELECTRIC, TELEPHONE, AND GAS; TOGETHER WITH ALL NECESSARY, INCIDENTAL, AND APPURTENANT FACILITIES, LAND AND EASEMENTS, AND ALL EXTENSIONS OF AND IMPROVEMENTS TO SAID FACILITIES WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE • PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO • ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 6 BALLOT ISSUE F: (Debt for Water) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 6 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 6 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING COMPLETE POTABLE WATER SYSTEM AND A COMPLETE NONPOTABLE IRRIGATION WATER SYSTEM, INCLUDING BUT NOT LIMITED TO, WATER RIGHTS, WATER SUPPLY, TREATMENT, STORAGE, TRANSMISSION AND DISTRIBUTION SYSTEMS FOR PUBLIC OR PRIVATE PURPOSES, TOGETHER WITH ALL NECESSARY AND PROPER RESERVOIRS, TREATMENT WORKS AND FACILITIES, WELLS, WATER RIGHTS, EQUIPMENT AND APPURTENANCES INCIDENT THERETO WHICH MAY INCLUDE, BUT SHALL NOT BE LIMITED TO, TRANSMISSION LINES, DISTRIBUTION MAINS AND LATERALS, STORAGE FACILITIES, LAND AND EASEMENTS, TOGETHER WITH EXTENSIONS OF AND IMPROVEMENTS TO SAID FACILITIES OR SYSTEMS WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAYBE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: NO: Two (2) Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 6 BALLOT ISSUE G: (Debt for Sewer) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 6 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 6 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING SANITARY SEWERS, WASTEWATER TREATMENT AND DISPOSAL WORKS AND FACILIT I HS, WATER QUALITY FACILITI HS, EQUIPMENT AND APPURTENANCES INCIDENT THERETO, TOGETHER WITH ALL NECESSARY, INCIDENTAL AND APPURTENANT FACILITIES, LAND AND EASEMENTS, AND ALL NECESSARY EXTENSIONS OF AND IMPROVEMENTS TO SAID FACILITIES OR SYSTEMS WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICII-wr TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW; AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 6 BALLOT ISSUE H: (Debt for Transportation) SHALL HAYMEADOW METROPOLITAN DISTRICT NO_ 6 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 6 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING A SYSTEM TO TRANSPORT THE PUBLIC BY BUS, RAIL, OR ANY OTHER MEANS OF CONVEYANCE, OR ANY COMBINATION THEREOF, TOGETHER WITH ALL NECESSARY, INCIDENTAL AND APPURTENANT FACILITIES, LAND AND EASEMENTS, AND ALL EXTENSIONS OF AND IMPROVEMENTS TO SUCH FACILITIES WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY. THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, • RETAINED AND SPENT BY THE DISTRICT? YES: NO: Two (2) Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 6 BALLOT ISSUE I: (Debt for Traffic and Safety Controls) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 6 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL. HAYMEADOW METROPOLITAN DISTRICT NO. 6 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING TRAFFIC AND SAFETY CONTROLS AND DEVICES ON STREETS AND HIGHWAYS AND AT RAILROAD CROSSINGS, TOGETHER WITH ALL NECESSARY, INCIDENTAL AND APPURTENANT FACILITIES, LAND AND EASEMENTS, AND ALL EXTENSIONS OF AND IMPROVEMENTS TO SUCH FACILITIES WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY. AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFIC I ENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: Two (2) Zero (0) NO: HAYMEADOW METROPOLITAN DISTRICT NO. 6 BALLOT ISSUE J: (Debt for Mosquito Control) • SHALL HAYMEADOW METROPOLITAN DISTRICT NO_ 6 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 6 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING IMPROVEMENTS TO PROVIDE FOR THE ELIMINATION AND CONTROL OF MOSQUITOES, TOGETHER WITH ALL NECESSARY, INCIDENTAL AND APPURTENANT FACILITIES, LAND AND EASEMENTS, AND ALL EXTENSIONS OF AND IMPROVEMENTS TO SUCH FACILITIES WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW MEIROPOLITAN DISTRICT NO. 6 BALLOT ISSUE K: (Debt for Fire Protection) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 6 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 6 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS • AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING FIRE PROTECTION, TOGETHER WITH ALL NECESSARY, INCIDENTAL AND APPURTENANT FACILITIES, LAND AND EASEMENTS, AND ALL EXTENSIONS OF AND IMPROVEMENTS TO SUCH FACILITIES WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THEDEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 6 BALLOT ISSUE L: (Debt for Refunding) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 6 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 6 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF REFUNDING, PAYING, OR DEFEASING, IN WHOLE OR IN PART, BONDS, NOTES, OR OTHER FINANCIAL OBLIGATIONS OF THE DISTRICT; SUCH DEBT TO BEAR INTEREST AT A RATE TO BE DETERMINED BY THE DISTRICT BOARD, WHICH INTEREST RATE MAY BE HIGHER THAN THE INTEREST RATE BORNE BY THE OBLIGATIONS BEING REFUNDED BUT IN NO EVENT SHALL THE NET EFFECTIVE INTEREST RATE EXCEED 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS.THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; THE PRINCIPAL AMOUNT OF' SUCH DEBT, TOGETHER WITH ALL OTHER DEBT OF THE DISTRICT AUTHORIZED BY ANY OTHER BALLOT QUESTION AND ALL DEBT ISSUED BY HAYMEADOW METROPOLITAN DISTRICT NOS. 1 TO 5, NOT TO EXCEED AN AGGREGATE OF $35,000,000; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING WITHOUT LIMITATION FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? • YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 6 BALLOT ISSUE M: (Intergovernmental Agreements with the State or Political Subdivisions) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 6 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 6 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT AND MULTIPLE-FISCAL YEAR OBLIGATIONS; SUCH DEBT AND OBLIGATIONS TO CONSIST OF ONE OR MORE INTERGOVERNMENTAL AGREEMENTS WITH THE STATE OR ANY POLITICAL SUBDIVISION OF THE STATE, INCLUDING THE TOWN OF EAGLE, COLORADO, AND HAYMEADOW METROPOLITAN DISTRICT NOS. 1 TO 5, FOR THE PURPOSE OF JOINTLY FINANCING THE COSTS OF ANY PUBLIC IMPROVEMENTS, FACILITIES, SYSTEMS, PROGRAMS, OR PROJECTS WHICH THE DISTRICT MAY LAWFULLY PROVIDE, OR FOR THE PURPOSE OF PROVIDING FOR THE OPERATIONS AND MAINTENANCE OF THE DISTRICT AND ITS FACILITIES AND PROPERTI ES; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM THE DISTRICT'S OPERATING MILL LEVY IN AMOUNTS SUFFICTFNT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY FOR THE PURPOSES SPECIFIED ABOVE; AND IN CONNECTION THEREWITH SHALL THE DISTRICT BE AUTHORIZED TO MAKE COVENANTS REGARDING THE ESTABLISHMENT AND USE OF AD VALOREM TAXES, RATES, FEES, TOLLS, PENALTIES, AND OTHER CHARGES OR REVENUES OF THE DISTRICT, AND COVENANTS, REPRESENTATIONS, AND WARRANTS KS AS TO OTHER MATTERS ARISING UNDER THE AGREEMENTS, ALL AS MAY BE DETERMINED BY THE BOARD OF DIRECTORS OF THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 6 BALLOT ISSUE N: (TABOR Exemption for Revenue) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 6 BE AUTHORIZED TO COLLECT, RETAIN, AND SPEND ANY AND ALL AMOUNTS ANNUALLY FROM ANY REVENUE SOURCES WHATSOEVER (INCLUDING WITHOUT LIMITATION ANY REVENUES FROM AD VALOREM PROPERTY TAXES, TAXES, SPECIFIC OWNERSHIP TAXES, FEES, RATES, TOLLS, PENALTTFS, OR CHARGES, STATE, FEDERAL AND PRIVATE GRANTS AND GIFTS, OR ANY OTHER SOURCE); AND SHALL SUCH REVENUES BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER AS A VOTER-APPROVED • REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 6 BALLOT ISSUE 0: (Developer Agreements) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 6 BE AUTHORIZED TO ENTER INTO AGREEMENTS WITH ANY DEVELOPER OF PROPERTY IN THE DISTRICT FOR THE PURPOSE OF FINANCING THE COSTS OF ANY PUBLIC IMPROVEMENTS, FACILITTRS, SYSTEMS, OR PROJECTS WHICH THE DISTRICT MAY LAWFULLY PROVIDE, WHICH AGREEMENTS MAY CONSTITUTE DEBT OR INDEBTEDNESS AND MULTIPLE-FISCAL YEAR OBLIGATIONS OF THE DISTRICT TO THE EXTENT PROVIDED THEREIN AND OTHERWISE AUTHORIZED BY LAW, AND IN CONNECTION THEREWITH SHALL THE DISTRICT BE AUTHORIZED TO AGREE TO PAY SPECIFIED REVENUES OF THE DISTRICT TO THE DEVELOPERS, TO MAKE COVENANTS REGARDING THE REVENUES OF THE DISTRICT, AND TO MAKE COVENANTS, REPRESENTATIONS, AND WARRANTIES AS TO OTHER MATTERS ARISING UNDER THE AGREEMENTS, ALL AS MAY BE DETERMINED BY THE BOARD OF DIRECTORS OF THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 6 BALLOT ISSUE P: (Mortgage of Property) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 6 BE AUTHORIZED TO ISSUE, CREATE, EXECUTE, AND DELIVER MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, WHETHER NOW OWNED OR HEREAFTER ACQUIRED, AND INCLUDING WITHOUT LIMITATION WATER AND WATER RIGHTS, SUCH ENCUMBRANCES OF THE DISTRICT AND OF HAYMEADOW METROPOLITAN DISTRICT NOS. 1 TO 5, TO BE IN THE AGGREGATE PRINCIPAL AMOUNT NOT TO EXCEED $35,000,000, PLUS INTEREST THEREON AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, ALL AS MAY BE DETERMINED BY THE BOARD OF DIRECTORS TO BE NECESSARY OR APPROPRIATE IN CONNECTION WITH THE ISSUANCE OF BONDS, NOTES, CONTRACTS, OR OTHER FINANCIAL OBLIGATIONS OF THE DISTRICT; SUCH ENCUMBRANCES TO BE CREATED FOR THE PURPOSE OF PROVIDING ADDITIONAL SECURITY FOR DISTRICT FINANCIAL OBLIGATIONS, AND TO BE CREATED AT ONE TIME OR FROM TIME TO TIME; SUCH MORTGAGES, DEEDS OF TRUST, LTFNS, OR OTHER ENCUMBRANCES TO ENTITLE THE OWNER OR BENEFICIARY THEREOF TO FORECLOSE UPON AND TAKE TITLE TO AND POSSESSION OF THE DISTRICT PROPERTY SO ENCUMBERED, AND IN CONNECTION THEREWITH SHALL THE DISTRICT BE AUTHORIZED TO MAKE SUCH COVENANTS REGARDING THE USE OF THE ENCUMBERED PROPERTY AND OTHER MATTERS ARISING UNDER THE ENCUMBRANCE, ALL AS MAY BE DETERMINED BY THE BOARD OF DIRECTORS OF THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 6 BALLOT QUESTION Q (Transportation Services) Shall the Haymeadow Metropolitan District No. 6 be authorized to provide transportation services and exercise the power to establish, maintain, and operate a system to transport the public by bus, rail, or any other means of convenience, or any combination thereof, within and without the District boundaries, but only within Eagle County, Colorado, within which the District is located? YES: NO: Two (2) Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 6 BALLOT QUESTION R (Waiver of Teen Limits) Shall the limitations on terms of office of elected members of the Board of Directors of the • Haymeadow Metropolitan District No. 6 be eliminated putsuant to Article XVIII, Section 11(2) of the Colorado Constitution? YES: Two (2) NO: . Zero (0) It is hereby identified and specified that: Total Number of Ballots Delivered to Electors (including UOCAVA ballots): Three (3) Total Number of Ballots Voted (including UOCAVA ballots): Two (2) Number of Ballots Returned Undelivered: Zero (0) Number of Spoiled Ballots (Replacement Ballot issued): One (1) Number of Rejected Ballots: Number of Defective Ballots: Number of Substitute Ballots Voted: Number of Unofficial Ballots Voted: Zero (0) Zero (0) Zero (0) Zeio (0) Total Number of Ballots Returned to Designated Election • Official (including UOCAVA ballots): Two (2) • Certified this 4th day of November, 2014. {00969846.DOCX / 3 } EXHIBIT C Subordinate Capital Pledge Agreement Docusign Envelope ID: 7512B3D3-FB4A-41AD-980A-67428087108A SUBORDINATE CAPITAL PLEDGE AGREEMENT This SUBORDINATE CAPITAL PLEDGE AGREEMENT (the “Agreement”), is made and entered into and dated as of June 1, 2023, by and among HAYMEADOW METROPOLITAN DISTRICT NO. 5 (the “Issuing District”), HAYMEADOW METROPOLITAN DISTRICT NO. 1 (“District No. 1”), HAYMEADOW METROPOLITAN DISTRICT NO. 2 (“District No. 2”), HAYMEADOW METROPOLITAN DISTRICT NO. 3 (“District No. 3”), HAYMEADOW METROPOLITAN DISTRICT NO. 4 (“District No. 4” and, together with the Issuing District, District No. 1, District No. 2 and District No. 3, the “Taxing Districts”), HAYMEADOW METROPOLITAN DISTRICT NO. 6 (the “Service District” and, together with the Issuing District, District No. 1, District No. 2, District No. 3 and District No. 4, the “Districts”), and BOKF, N.A., in its capacity as trustee under that certain Indenture of Trust (Subordinate) dated as of June 1, 2023, entered into with the Issuing District (the “Trustee”). The Districts are quasi-municipal corporations and political subdivisions of the State of Colorado (the “State”). RECITALS WHEREAS, the Districts are authorized by Title 32, Article 1, C.R.S. (the “Act”), to provide certain public improvements and services to and for the benefit of the properties within and without the boundaries of the Districts, in accordance with the Haymeadow Metropolitan District Nos. 1-6 Consolidated Service Plan, approved by the Board of Trustees of the Town of Eagle, Colorado (the “Town”) on July 22, 2014, as amended by the First Amendment to Consolidated Service Plan for Haymeadow Metropolitan District Nos. 1-6 approved by the Town Council of the Town on November 8, 2022 (as amended and as may be further amended and restated from time to time, the “Service Plan”); and WHEREAS, under the Service Plan, the Districts are intended to work together and coordinate their activities with respect to the financing, acquisition construction, operation and maintenance of public improvements necessary to serve development within the Districts, which is generally anticipated to consist of residential development; and WHEREAS, in addition to the approval of the Town, the Districts were organized with the approval of the Districts’ respective electors, such approvals fully contemplating cooperation between the Districts as provided herein and in the Service Plan; and WHEREAS, pursuant to the Colorado Constitution Article XIV, Section 18(2)(a), and Section 29-1-203, Colorado Revised Statutes, as amended (“C.R.S.”), the Districts may cooperate or contract with each other to provide any function, service or facility lawfully authorized to each, and any such contract may provide for the sharing of costs, the imposition and collection of taxes, and the incurring of debt; and WHEREAS, the Service Plan has been prepared for the Districts pursuant to Part 2 of the Act, and all required governmental approvals have been obtained therefor; and WHEREAS, at elections of the qualified electors of each of the Districts, duly called and held on Tuesday, November 4, 2014 and May 2, 2023 (the “Elections” and each an “Election”), 2 in accordance with law and pursuant to due notice, a majority of those qualified to vote and voting at the Elections voted in favor of, inter alia, the issuance of indebtedness by the applicable Taxing District and the imposition of taxes for the payment thereof, for the purpose of providing certain public improvements and facilities (as more particularly defined herein, the “Facilities”), and for the refunding of such indebtedness, as follows, the questions relating thereto being as set forth in Exhibit A hereto: Purpose Election Authorized Principal Amount Street Improvements $87,000,000 Traffic and Safety Controls 87,000,000 Drainage 87,000,000 Water 87,000,000 Sewer 87,000,000 Parks and Recreation 87,000,000 Transportation 87,000,000 Mosquito Control 87,000,000 Fire Protection 87,000,000 Refunding 87,000,000 WHEREAS, the returns of each Election were duly canvassed and the results thereof duly declared; and WHEREAS, the results of each Election were certified by the applicable District by certified mail to the board of county commissioners of each county in which the District is located or to the governing body of a municipality that has adopted a resolution of approval of the special district pursuant to Section 32-1-204.5, C.R.S., and with the division of securities created by Section 11- 51-701, C.R.S., within 45 days after the applicable Election; and WHEREAS, the Boards of Directors of the Districts have previously determined that it was necessary to acquire, construct, and install a portion of the Facilities (the “Project”); and WHEREAS, for the purpose of funding or reimbursing certain costs of the Facilities, Service District previously entered into an Advance, Acquisition and Reimbursement Agreement dated December 4, 2018 (as the same may be amended from time to time, the “Acquisition and Reimbursement Agreement”), with Abrika Properties, LLC, a Florida limited liability company (the “Developer”), pursuant to which the Service District agreed to reimburse the Developer for cash advances made to the Service District to construct Facilities and/or acquire from the Developer any Facilities constructed (if any) for the benefit of the Districts and to reimburse the Developer for the costs of Facilities constructed on behalf of the Districts in accordance with the provisions thereof, but solely from the sources of revenue identified therein and subject to the limitations more particularly provided therein; and 3 WHEREAS, the Districts have previously entered into the Intergovernmental Agreement dated as of December 5, 2018 (the “Master IGA”) setting forth their respective obligations to finance, own, operate and maintain the Facilities; and WHEREAS, in furtherance of the Service Plan, the Districts have subsequently determined that it would be in the best interests of the Districts, the residents and the taxpayers thereof for the Issuing District to issue indebtedness for the purpose of providing Facilities (including paying amounts due or to become due under the Acquisition and Reimbursement Agreement), and for such indebtedness to be payable from property taxes of the Taxing Districts; and WHEREAS, in order to provide for the payment of certain obligations that may be issued by the Issuing District in the future (as more particularly defined herein, the “Subordinate Obligations”), each of the Taxing Districts has, by the terms of this Agreement, pledged certain revenues (referred to herein as the “Subordinate Pledged Revenue”) to the Issuing District for the payment of the Junior Lien Obligations, and covenanted to take certain actions with respect to generating such revenues, for the benefit of the holders of any such Subordinate Obligations (the “Bondholders”); and WHEREAS, for the purpose of financing or reimbursing a portion of the costs of Financed Facilities (defined herein) (including paying amounts due or to become due under the Acquisition and Reimbursement Agreement), the Board of Directors of the Issuing District intends to issue its Limited Tax General Obligation Bonds, Series 2023, in the principal amount of $13,250,000 (the “2023 Senior Bonds”), pursuant to an Indenture of Trust (Senior) dated as of June 1, 2023 (the “2023 Senior Indenture”), by and between the Issuing District and the Trustee, which 2023 Senior Bonds are to be secured by the Senior Pledged Revenue, as more particularly described in the Senior Pledge Agreement (as defined below) and in the 2023 Senior Indenture; and WHEREAS, in order to provide for the payment of the 2023 Senior Bonds and certain other obligations that may be issued by the Issuing District in the future, the Districts have entered into a Senior Capital Pledge Agreement, dated as of June 1, 2023, with the Trustee (the “Senior Pledge Agreement”), pursuant to which each of the Taxing Districts is obligated to impose ad valorem property taxes in an amount equal to the applicable “Senior Required Mill Levy” (as defined therein) and pay the proceeds thereof to the trustee for payment of the obligations specified therein, or as otherwise directed by the Issuing District; and WHEREAS, for the purpose of paying additional costs of Financed Facilities, the Issuing District may issue Junior Lien Obligations (as defined herein) in the future; and WHEREAS, in order to provide for the payment of any Junior Lien Obligations that may be issued by the Issuing District in the future, the Districts have entered into a Junior Lien Capital Pledge Agreement, dated as of June 1, 2023, with the Trustee (the “Junior Lien Pledge Agreement”), pursuant to which each Taxing District is obligated to impose ad valorem property taxes in an amount equal to the “Junior Lien Required Mill Levy” (as defined therein) and pay the proceeds thereof to the trustee for the Junior Lien Obligations, or as otherwise directed by the Issuing District; and 4 WHEREAS, the Districts have determined that the Facilities anticipated to be funded with the proceeds of the 2023 Senior Bonds, any future Subordinate Obligations and any future Junior Lien Obligations (as more particularly defined herein, the “Financed Facilities”) were generally contemplated by the Service Plan, are needed, and, due to the nature of the Financed Facilities and proximity and interrelatedness of the development anticipated to occur within the boundaries of the Districts, such Financed Facilities do or will benefit the Districts, residents, property owners and taxpayers in the Districts as a whole; and WHEREAS, any Subordinate Obligations are to be issued in minimum denominations of $500,000 and integral multiples of $1,000 in excess thereof, or otherwise will qualify for an exemption from registration under the Colorado Municipal Bond Supervision Act; and WHEREAS, pursuant to the provisions of Section 32-1-1101(6)(b), C.R.S., any Subordinate Obligations are to be issued to “financial institutions or institutional investors” as defined in Section 32-1-103(6.5), C.R.S., or as obligations which are payable from a limited debt service mill levy, which mill levy shall not exceed fifty (50) mills, unless otherwise permitted pursuant to the provisions of Section 32-1-1101(6), C.R.S.; and WHEREAS, pursuant to Interpretive Order No. 06-IN-001 of the Division of Securities, this Agreement is not subject to registration and does not require the filing of a claim of exemption because this Agreement represents the contractual obligation of District No. 1, District No. 2, District No. 3 and District No. 4 to pay or pledge funds to another political subdivision where such contractual obligation is specifically pledged as security or collateral for an issuance of securities that is either subject to the registration or exemption requirements of the Colorado Municipal Bond Supervision Act; and WHEREAS, the Issuing District will allocate the principal amount of any Subordinate Obligations to the Issuing District’s electoral authorization in accordance with the use of net proceeds of such Subordinate Obligations, and, furthermore, has determined that the Issuing District’s obligations under this Agreement (to the extent relating to the payment of any Subordinate Obligations) are the same and not in addition to, the Issuing District’s obligations with respect to any Subordinate Obligations and, accordingly, no additional electoral authorization of the Issuing District will be allocated to this Agreement in connection with the issuance of any Subordinate Obligations; and WHEREAS, due to the nature of the obligation incurred by the Issuing District under any Subordinate Obligation Document (as defined herein) and hereunder, and by the other Taxing Districts hereunder, it is not possible to predict with certainty the amount of principal and interest on any Subordinate Obligations (if any) each Taxing District will pay hereunder, and as a result, District No. 1, District No. 2, District No. 3 and District No. 4 will each initially reserve and subsequently allocate from its Elections all of the indebtedness represented by this Agreement, based upon the principal amount of any Subordinate Obligations issued in the future) and the manner in which the Issuing District allocates the same based upon the Facilities financed by such Subordinate Obligations (if any); and 5 WHEREAS, the Service Plan currently limits the aggregate Debt (as such term is defined in the Service Plan) that may be issued by the Districts to $87,000,000 (the “Service Plan Debt Limit”), excluding refundings; and WHEREAS, the Districts have not previously issued Debt and, upon issuance of the 2023 Senior Bonds and any Subordinate Obligations, the total amount of Debt (as such term is defined in the Service Plan) of the Districts subject to the Service Plan Debt Limit will not exceed 87,000,000; and WHEREAS, the Issuing District and the other Districts have determined and hereby determine that their respective obligations to pay the principal component of Financing Costs hereunder shall not, in the aggregate, exceed the par amount of any Subordinate Obligations, and therefore the Taxing Districts’ obligations hereunder shall, in the aggregate, count against the Service Plan Debt Limit in an amount equal to the par amount of any Subordinate Obligations; and WHEREAS, the Districts have determined and hereby determine that the execution of this Agreement, the issuance of any Subordinate Obligations, and the provision of the Financed Facilities are in the best interests of the Districts and the residents, property owners, and taxpayers thereof; and WHEREAS, all amendments to this Agreement made pursuant hereto and not in specific conflict with specific limits of the ballot questions, which authorized the debt represented by this Agreement, shall be deemed part of this Agreement and fully authorized by such ballot questions. COVENANTS NOW, THEREFORE, for and in consideration of the promises and the mutual covenants and stipulations herein, the parties hereby agree as follows: ARTICLE I DEFINITIONS Section 1.01. Interpretation. In this Agreement, unless the context expressly indicates otherwise, the words defined below shall have the meanings set forth below: (a) The terms “herein,” “hereunder,” “hereby,” “hereto,” “hereof” and any similar terms, refer to this Agreement as a whole and not to any particular article, section, or subdivision hereof; the term “heretofore” means before the date of execution of this Agreement, the term “now” means the date of execution of this Agreement, and the term “hereafter” means after the date of execution of this Agreement. (b) All definitions, terms, and words shall include both the singular and the plural, and all capitalized words or terms shall have the definitions set forth in Section 1.02 hereof. 6 (c) Words of the masculine gender include correlative words of the feminine and neuter genders, and words importing the singular number include the plural number and vice versa. (d) The captions or headings of this Agreement are for convenience only, and in no way define, limit, or describe the scope or intent of any provision, article, or section of this Agreement. (e) All schedules, exhibits, and addenda referred to herein are incorporated herein by this reference. Section 1.02. Definitions. As used herein, unless the context expressly indicates otherwise, the words defined below and capitalized throughout the text of this Agreement shall have the respective meanings set forth below: “Acquisition and Reimbursement Agreement” has the meaning assigned it in the recitals hereof. “Agreement” means this Subordinate Capital Pledge Agreement and any amendment hereto made in accordance herewith. “Board” or “Boards” means the lawfully organized Boards of Directors of the Districts or any District, as the context requires. “Board of County Commissioners” means the Board of County Commissioners for Eagle County, Colorado. “Colorado Municipal Bond Supervision Act” means Title 11, Article 59, Part 1, C.R.S. “Developer” means Abrika Properties, LLC, a Florida limited liability company, its successors and assigns. “Developer Reimbursement Obligations” means any note, bond or other instrument issued by a District to or at the direction of the Developer in payment of amounts due and owing under the Acquisition and Reimbursement Agreement, solely to the extent relating to costs of Financed Facilities (provided that the issuance of any such obligation is subject to the limitations hereof). “District No. 1” means Haymeadow Metropolitan District No. 1, in the Town of Eagle, Eagle County, Colorado. “District No. 2” means Haymeadow Metropolitan District No. 2, in the Town of Eagle, Eagle County, Colorado. “District No. 3” means Haymeadow Metropolitan District No. 3, in the Town of Eagle, Eagle County, Colorado. 7 “District No. 4” means Haymeadow Metropolitan District No. 4, in the Town of Eagle, Eagle County, Colorado. “Districts” means the District, District No. 1, District No. 2, District No. 3, District No. 4 and the Service District, including any duly authorized representative, officer, director, employee, agent, engineer or attorney of any such District, if applicable. “Facilities” means public facilities, improvements and infrastructure the debt for which was approved at the Elections, including without limitation necessary or appropriate equipment. “Financed Facilities” means the Facilities authorized by the Elections described herein, and constructed by the Service District and/or accepted by adoption of resolutions of the Board of the Service District for the financing and reimbursement of the Facilities, and any additional Facilities authorized by the Elections and which each of the Districts has found and determined by execution of the Master IGA is in the nature of community improvements intended for the general direct or indirect benefit of the planned residential community within the Districts, and constitutes improvements for which the applicable District is authorized to issue indebtedness and (in the case of the Taxing Districts) impose ad valorem property taxes in accordance with the Elections and the Service Plan, and the payment of such costs of the Facilities is in furtherance of the purposes for which the applicable District was formed. “Financing Costs” means the principal and redemption price of, and interest and premium on, any Subordinate Obligations, required deposits to or replenishments of funds or accounts securing any Subordinate Obligations, and customary fees and expenses relating to any Subordinate Obligations, all in accordance with the Subordinate Obligation Documents, as applicable, including any scheduled mandatory or cumulative sinking fund payments and any extraordinary redemption amounts to the extent provided in the Subordinate Obligation Documents and replenishment of any reserves and funding of any surplus funds relating to the Subordinate Obligations, customary fees related to the issuance of the Subordinate Obligations (including, but not limited to, fees of a trustee, paying agent, rebate agent, and provider of liquidity or credit facility), and any reimbursement due to a provider of liquidity or credit facility securing any Subordinate Obligations. Where used in describing the permitted uses by the Issuing District of the Subordinate Pledged Revenue, “Financing Costs” also includes the payment of the principal and redemption price of, and interest on, any obligation issued by any District to fund the Financed Facilities. “Fiscal Year” means the twelve month period ending December 31 of each calendar year. “Issuing District” means Haymeadow Metropolitan District No. 5, in the Town of Eagle, Eagle County, Colorado. “Junior Lien Obligations” means a Taxing District’s obligations under any bonds, notes, or other obligations payable in whole or in part from, or constituting a lien upon, the general ad valorem taxes of such Taxing District on a basis subordinate to its Subordinate Payment Obligation hereunder. “Junior Lien Pledge Agreement” means the Junior Capital Pledge Agreement, dated as of June 1, 2023, by and among the Districts and the Trustee. 8 “Master IGA” means the Intergovernmental Agreement by and among the Districts dated as of December 5, 2018. “Mill Levy Certification Date” means the date each year on which a Taxing District is required to impose the Subordinate Required Mill Levy in accordance with the provisions hereof. “Permitted Junior Lien Obligations” means the Junior Lien Pledge Agreement and any other Junior Lien Obligations which satisfy all of the following: (i) the aggregate number of mills which a Taxing District promises to impose for payment of the proposed Junior Lien Obligations and all other Junior Lien Obligations then outstanding does not exceed the Subordinate Required Mill Levy; (ii) the failure to make a payment when due on the Junior Lien Obligations does not constitute an event of default thereunder; and (iii) the Junior Lien Obligations are payable as to both principal and interest only after the payment in full of the Subordinate Payment Obligation hereunder. “Senior Obligation Mill Levy” means the ad valorem property tax levy required to be imposed by the Taxing Districts in accordance with the Senior Pledge Agreement and any other ad valorem property tax levy required to be imposed by the Taxing Districts for the payment of Senior Obligations. “Senior Obligations” means, collectively, the 2023 Senior Bonds, any obligations constituting “Parity Bonds” under the 2023 Senior Indenture, and any other obligation of the Issuing District so designated by the Issuing District as a Senior Obligation (such that any ad valorem property taxes imposed for the payment thereof will constitute a Senior Obligation Mill Levy hereunder). “Senior Pledge Agreement” means the Senior Capital Pledge Agreement dated as of June 1, 2023, by and among the Taxing Districts and the Trustee. “Service District” means Haymeadow Metropolitan District No. 6, in the Town of Eagle, Eagle County, Colorado. “Service Plan” means the Haymeadow Metropolitan District Nos. 1-6 Consolidated Service Plan, approved by the Board of Trustees of the Town on July 22, 2014, as amended by the First Amendment to Consolidated Service Plan for Haymeadow Metropolitan District Nos. 1- 6 approved by the Town Council of the Town on November 8, 2022, as the same may be further amended or restated from time to time. “State” means the State of Colorado. “Subordinate Obligations” means any bonds, notes, certificates or obligations (including a repayment obligation under a loan agreement or similar agreement) issued or incurred by the Issuing District and designated by the Issuing District (in the applicable Subordinate Obligation Document) as secured by a lien on all or any portion of the Subordinate Pledged Revenues payable hereunder; provided that such obligations are issued for the purpose of: (i) refinancing any Subordinate Obligations, Developer Reimbursement Obligations or any other obligations of the Issuing District for which the Taxing Districts are obligated to impose ad valorem property taxes (including in accordance with the Senior Pledge Agreement), or obligations issued to 9 refinance the same; or (ii) issued for the purpose of financing or refinancing the Financed Facilities. In addition, an obligation shall not constitute an Additional Subordinate Obligation hereunder unless (i) it will be issued, either: (A) in denominations of not less than $500,000 each, or (B) to “accredited investors” as defined in Section 11-59-110(1)(g) C.R.S., unless an exemption from the registration requirements of the Colorado Municipal Bond Supervision Act, or any successor statute, is otherwise available; AND (ii) it will initially be issued to financial institutions or institutional investors, or in a manner otherwise satisfying one of the conditions of Section 32-1-1101(6)(a), C.R.S., will be issued as obligations which are payable from a limited debt service mill levy, which mill levy shall not exceed fifty (50) mills as contemplated by Section 32-1-1101(6)(b), C.R.S., or will constitute a refunding or restructuring contemplated by Section 32-1-1101(6)(b) C.R.S. “Subordinate Obligation Documents” means, collectively, any resolution, indenture, loan agreement or other instrument or agreement executed by the Issuing District pursuant to which Subordinate Obligations are issued or incurred, and any undertaking or agreement with respect to the provision of continuing disclosure relating thereto. “Subordinate Payment Obligation” with respect to each Taxing District means, collectively, the obligations of such Taxing District to pay its allocated portion of the Financing Costs with respect to any Subordinate Obligation in accordance with the provisions hereof, but solely from its Subordinate Pledged Revenue, to the extent available, it being recognized that each such obligation shall arise hereunder upon the issuance of any Subordinate Obligation with respect to which such obligation relates. “Subordinate Pledged Revenue” means the following: (a) all Subordinate Property Tax Revenues; and (b) all Subordinate Specific Ownership Tax Revenues. “Subordinate Property Tax Revenues” means all moneys derived from imposition by the Taxing Districts of the Subordinate Required Mill Levy. Subordinate Property Tax Revenues are net of the collection costs of the County and any tax refunds or abatements authorized by or on behalf of the County. (For the avoidance of doubt, Subordinate Property Tax Revenues does not include specific ownership tax revenues.) “Subordinate Required Mill Levy” means, for each Taxing District: (a) Subject to paragraphs (b) and (c) below, an ad valorem mill levy (a mill being equal to 1/10 of 1 cent) imposed upon all taxable property of such Taxing District each year in an amount equal to: (i) 50 mills less the then applicable Senior Obligation Mill Levy, or (ii) such lesser amounts determined by the Issuing District which, if imposed by all Taxing Districts for collection in the succeeding calendar year, would generate Subordinate Property Tax Revenues sufficient to pay any Subordinate Obligations in full in the year of collection; provided, however, that in the event that the mill levies calculated pursuant to clause (a) are different for the Taxing Districts, each of the Taxing Districts shall impose their respective 50 mills, provided that if clause (ii) above applies, the Taxing Districts shall impose the same mill levy in the amount 10 required to generate the Subordinate Property Tax Revenues required, but if the actual mill levies necessary to generate the amount of Subordinate Property Tax Revenues required would exceed the 50 mills of any Taxing District (less the Senior Obligation Mill Levy), then the Taxing District with the lowest 50 mills shall impose such amount (less the Senior Obligation Mill Levy), and the other Taxing Districts shall impose a mill levy sufficient to generate the amount of Subordinate Property Tax Revenues required (but not in excess of such Taxing District’s 50 mills (less the Senior Obligation Mill Levy)); (b) if the Subordinate Obligations are issued to “financial institutions or institutional investors” as defined in Section 32-1-103(6.5), C.R.S, the 50 mills referenced in subsection (a) of this definition may be increases or decreased (as applicable) to a mill levy imposed by a Taxing District (to be made for mill levies imposed by each Taxing District separately), to occur in the event the method of calculating assessed valuation has or is changed after July 22, 2014, such increases or decreases to be determined by the Issuing District in good faith in consultation with the applicable Taxing District (such determination to be binding and final) so that to the extent possible, the actual tax revenues generated by the applicable mill levy, as adjusted, are neither diminished nor enhanced as a result of such changes. For purposes of the foregoing, a change in the ratio of actual valuation to assessed valuation shall be deemed to be a change in the method of calculating assessed valuation; and (c) notwithstanding anything herein to the contrary, in no event may the Subordinate Required Mill Levy for a Taxing District be established at a mill levy which would cause such Taxing District to derive tax revenue in any year in excess of the maximum tax increases permitted by such Taxing District’s electoral authorization, and if the Subordinate Required Mill Levy as calculated pursuant to the foregoing would cause the amount of taxes collected in any year to exceed the maximum tax increase permitted by such Taxing District’s electoral authorization, the Subordinate Required Mill Levy shall be reduced to the point that such maximum tax increase is not exceeded. “Subordinate Specific Ownership Tax Revenues” means the specific ownership taxes remitted to the Taxing Districts pursuant to Section 42-3-107, C.R.S., or any successor statute, as a result of their imposition of the Subordinate Required Mill Levy in accordance with the provisions hereof. “Supplemental Act” means the “Supplemental Public Securities Act,” being Title 11, Article 57, Part 2, C.R.S., as amended. “Taxing Districts” means, collectively, the Issuing District, District No. 1, District No. 2, District No. 3 and District No. 4, including any duly authorized representative, officer, director, employee, agent, engineer or attorney of any such Taxing District, if applicable. “Termination Date” means the earlier of: (i) the date on which all amounts due with respect to any Subordinate Obligations have been defeased or paid in full; or (ii) December 31, of the year forty (40) years from the date of issuance of such Subordinate Obligations. Notwithstanding any other provisions hereof, the Taxing Districts shall not be obligated to 11 impose any portion of the Subordinate Required Mill Levy after the tax levy year thirty-nine (39) years from the date of issuance of any Subordinate Obligations(for collection in the calendar year forty (40) years from the date of issuance of any Subordinate Obligations). “Town” means the Town of Eagle, Colorado. “2023 Senior Bonds” means the Issuing District’s Limited Tax General Obligation Bonds, Series 2023, issued pursuant to the 2023 Senior Indenture. “2023 Senior Indenture” means the Indenture of Trust (Senior) dated as of June 1, 2023, by and between the Issuing District and BOKF, N.A., as trustee ARTICLE II PAYMENT OBLIGATION Section 2.01. No Additional Electoral Approval Required. The authorization for issuance of debt, fiscal year spending, revenue collections and other constitutional matters requiring voter approval for purposes of this Agreement, was approved at the respective Election held for the Districts in accordance with law and pursuant to due notice. The performance of the terms of this Agreement requires no further electoral approval. Section 2.02. Funding of Financing Costs Generally. (a) In exchange for the purchase by the Bondholders of any Subordinate Obligations, the proceeds of which are to be applied to the provision of the Financed Facilities, each Taxing District (including the Issuing District) hereby agrees to pay such portion of the Financing Costs as may be funded with the Subordinate Pledged Revenue available to it, in accordance with the provisions hereof. (b) The obligation of each Taxing District to pay its portion of the Financing Costs as provided herein shall constitute a limited tax general obligation of such Taxing District payable solely from and to the extent of the Subordinate Pledged Revenue available to it. The obligation of each Taxing District to pay the Financing Costs as provided herein (the “Subordinate Payment Obligation”) shall constitute an irrevocable lien upon the Subordinate Pledged Revenue and the Subordinate Pledged Revenue of each Taxing District is hereby pledged to the payment thereof. The Subordinate Payment Obligation of the Issuing District hereunder is the same, and not in addition to, its obligation under any Subordinate Obligation Document to which the Issuing District is a party. The Districts hereby elect to apply all of the provisions of the Supplemental Act except for Section 11-57-211 of the Supplemental Act to this Agreement and the Subordinate Payment Obligation. (c) In no event shall the total or annual obligations of any Taxing District hereunder exceed the maximum amounts permitted under such Taxing District’s electoral authority and any other applicable law. The entire Subordinate Payment Obligation of each Taxing District will be deemed defeased and no longer outstanding upon the earlier to occur of the payment by such Taxing District of such amount or the Termination Date. 12 (d) Because the actual total Subordinate Pledged Revenue payable by each Taxing District hereunder cannot be determined with any certainty at this time, the Taxing Districts shall not be permitted to pre-pay any amounts due hereunder. Section 2.03. Imposition of Subordinate Required Mill Levy. (a) In order to fund their respective Subordinate Payment Obligations, each Taxing District (including the Issuing District) agrees to levy on all of the taxable property in such Taxing District, in addition to all other taxes, direct annual taxes in the year of issuance of any Subordinate Payment Obligations, and in each year thereafter, so long as any Subordinate Obligations remain outstanding (subject to paragraph (b) below), to the extent necessary to provide for payment of the Financing Costs, in the amount of the applicable Subordinate Required Mill Levy. Nothing herein shall be construed to require a Taxing District to impose an ad valorem property tax levy for the payment of the Subordinate Payment Obligation in excess of the applicable Subordinate Required Mill Levy or after the Termination Date. (b) NOTWITHSTANDING ANY OTHER PROVISIONS HEREIN, NONE OF THE TAXING DISTRICTS SHALL BE REQUIRED TO IMPOSE THE SUBORDINATE REQUIRED MILL LEVY AFTER DECEMBER OF THE YEAR THIRTY-NINE (39) YEARS FROM THE DATE OF ISSUANCE OF ANY SUBORDINATE OBLIGATIONS (FOR COLLECTION IN THE YEAR FORTY (40) YEARS FROM THE DATE OF ISSUANCE OF ANY SUBORDINATE OBLIGATIONS). (c) In order to facilitate the determination of the Subordinate Required Mill Levy, each of the Taxing Districts shall provide to the Issuing District and the Service District: (i) on or before September 30 of each year, commencing September 30, 2023, the preliminary certification of assessed value for such Taxing District provided by the Eagle County Assessor; and (ii) no later than one business day after receipt by each Taxing District, the final certified assessed value for such Taxing District, provided by the Eagle County Assessor (expected to be provided by the Eagle County Assessor no later than December 10 of each year). In accordance with the definition of Subordinate Required Mill Levy set forth herein, the Issuing District shall preliminarily determine, and provide to the Taxing Districts, the Subordinate Required Mill Levy for each Taxing District no later than October 15 of each year, and shall finally determine, and provide to the Taxing Districts, the Subordinate Required Mill Levy for each Taxing District no later than December 12 of each year. (d) Each District acknowledges that it has actively participated in the development of the calculation for determining the Subordinate Required Mill Levy for each Taxing District, that such calculation and such provisions are designed to reasonably allocate among the Taxing Districts the Financing Costs based on the mutual benefit to the Taxing Districts of the Financed Facilities and the relative ability of such Taxing Districts, dependent upon the relative stages of development therein, to fund such Financing Costs in any given year and that, so long as made in accordance with the 13 foregoing, the determinations of the Issuing District as to the Subordinate Required Mill Levy for each Taxing District shall be final and binding upon each Taxing District. (e) This Section 2.03 is hereby declared to be the certificate of each Taxing District to the Board of County Commissioners indicating the aggregate amount of taxes to be levied (in the amount of the applicable Subordinate Required Mill Levy) for the purposes of paying the Subordinate Payment Obligation due hereunder. (f) It shall be the duty of each Taxing District annually at the time and in the manner provided by law for the levying of its taxes, if such action shall be necessary to effectuate the provisions of this Agreement, to ratify and carry out the provisions hereof with reference to the levy and collection of the ad valorem property taxes herein specified, and to require the officers of such Taxing District to cause the appropriate officials of Eagle County, to levy, extend and collect said ad valorem taxes in the manner provided by law for the purpose of providing funds for the payment of the amounts to be paid hereunder promptly as the same, respectively, become due. Said taxes, when collected, shall be applied only to the payment of the amounts to be paid hereunder. No collection costs shall be deducted from such taxes, other than collection costs imposed by the County Treasurer pursuant to State law. (g) Said taxes shall be levied, assessed, collected, and enforced at the time and in the form and manner and with like interest and penalties as other general taxes in the State. (h) The Taxing Districts hereby agree to cooperate in the amendment of this Agreement to modify the definition of Subordinate Required Mill Levy if necessary, in the determination of the Issuing District, to facilitate the issuance of Subordinate Obligations by the Issuing District. (i) No Taxing District shall take any action, or allow any action to be taken, which impairs the Senior Pledged Revenue. (j) Each Taxing District shall pursue all reasonable remedies to collect, or cause the collection of, delinquent ad valorem taxes within its boundaries. (k) The parties hereto acknowledge that the Taxing Districts may be obligated to impose additional property taxes for the payment of operation and maintenance costs, subject to the limitations hereof. This Agreement shall not operate to limit such obligations except as specifically set forth herein. Section 2.04. Payment and Application of Subordinate Pledged Revenue. (a) Each Taxing District hereby agrees to remit to the Trustee, or as otherwise directed by the Issuing District (subject to the limitations and requirements of any Subordinate Obligation Documents) as soon as practicable upon receipt, and in no event later than the 15th day of the calendar month immediately succeeding the calendar month in which such revenue is received by the applicable Taxing District, all revenues comprising Subordinate Pledged Revenue (if and to the extent received or controlled by 14 such Taxing Districts), which Subordinate Pledged Revenue shall be applied by the Trustee or other recipient thereof to Financing Costs, in accordance with any Subordinate Obligation Documents, as applicable; provided, however, that in the event that the total amount of Subordinate Pledged Revenue received by a Taxing District in a calendar month is less than $50,000, the Subordinate Pledged Revenue received in such calendar month may instead be remitted to the Trustee no later than the 15th day of the calendar month immediately succeeding the calendar quarter in which such revenue is received by such Taxing District (i.e., no later than April 15th for Subordinate Pledged Revenue received in January, February or March, no later than July 15th for Subordinate Pledged Revenue received in April, May or June, no later than October 15th for Subordinate Pledged Revenue received in July, August or September, and no later than January 15th for Subordinate Pledged Revenue received in October, November or December). IN NO EVENT IS A TAXING DISTRICT PERMITTED TO APPLY ANY PORTION OF THE SUBORDINATE PLEDGED REVENUE TO ANY OTHER PURPOSE, OR TO WITHHOLD ANY PORTION OF THE SUBORDINATE PLEDGED REVENUE. To the extent any portion of such Subordinate Pledged Revenue is released from the lien of any Subordinate Obligation Documents (if any), the Issuing District and the Service District will continue to ensure that such revenues are applied to Financing Costs and any other costs of the Facilities, it being acknowledged that in no event would such excess revenue exceed the dollar amount equal to the revenues that would be generated from an annual imposition of an ad valorem property tax levy of 50 mills (without adjustment) on the assessed valuation of each Taxing District. Subordinate Pledged Revenue shall be paid in lawful money of the United States of America by check mailed or delivered, or by wire transfer, or such other method as may be mutually agreed to by the Districts. (b) Each Taxing District hereby covenants that all property tax revenue collected by such Taxing District from, or relating to, a debt service mill levy, or so much thereof as is needed, shall first, be designated as property taxes resulting from imposition of the Senior Obligation Mill Levy in any Bond Year (as defined in the 2023 Senior Indenture or any other resolution, indenture or other enactment authorizing Senior Obligations) to pay annual debt service on Senior Obligations and to fund such funds and accounts as are required in accordance with the terms of the 2023 Senior Indenture and any other resolution, indenture or other enactment authorizing such Senior Obligations, and after the funding of such payments and accumulations required in such Bond Year, all property tax revenue collected by the Taxing Districts from, or relating to, a debt service mill levy for the remainder of such Bond Year shall, second, be designated as property taxes resulting from imposition of the Subordinate Required Mill Levy unless and until the Taxing Districts have funded the full amount outstanding with respect to any Subordinate Obligations. The debt service property tax levy imposed for the payment of any Junior Lien Obligations shall be deemed reduced to the number of mills available for payment of such Junior Lien Obligations in any Bond Year after first providing for the funding of payments and accumulations required with respect to all Senior Obligations in such Bond Year (including the amounts required to accomplish the full repayment or defeasance of any such Senior Obligations, to the extent required by the applicable resolutions, indentures, or other enactments authorizing Senior Obligations), and the full amount outstanding with respect to any Subordinate Obligations (to the extent required by Subordinate Obligation Documents). 15 Section 2.05. Effectuation of Pledge of Security, Current Appropriation. The sums herein required to pay the amounts due hereunder are hereby appropriated for that purpose, and said amounts for each year shall be included in the annual budget and the appropriation resolution or measures to be adopted or passed by the Board of each Taxing District each year while any of the obligations herein authorized are outstanding and unpaid. No provisions of any constitution, statute, resolution or other order or measure enacted after the execution of this Agreement shall in any manner be construed as limiting or impairing the obligation of each Taxing District to levy ad valorem property taxes, or as limiting or impairing the obligation of each Taxing District to levy, administer, enforce and collect the ad valorem property taxes as provided herein for the payment of the obligations hereunder. In addition, and without limiting the generality of the foregoing, the obligations of each Taxing District to transfer funds as described herein for each payment described herein shall survive any Court determination of the invalidity of this Agreement as a result of a failure, or alleged failure, of any of the directors of the Districts to properly disclose, pursuant to State law, any potential conflicts of interest related hereto in any way, provided that such disclosure is made on the record of Districts’ meetings as set forth in their official minutes. Section 2.06. Limited Defenses; Specific Performance. It is understood and agreed by each District that its obligations hereunder are absolute, irrevocable, and unconditional except as specifically stated herein, and so long as any obligation of a District hereunder remains unfulfilled, such District agrees that notwithstanding any fact, circumstance, dispute, or any other matter, it will not assert any rights of setoff, counterclaim, estoppel, or other defenses to its Subordinate Payment Obligation, or take or fail to take any action which would delay a payment to, or on behalf of, the Issuing District, the Trustee, or any Bondholders or impair the ability of the Issuing District, the Trustee, or any Bondholders to receive payments due hereunder. Notwithstanding that this Agreement specifically prohibits and limits defenses and claims of the Districts, in the event that a District believes that it has valid defenses, setoffs, counterclaims, or other claims other than specifically permitted by this Section 2.06, it shall, nevertheless, make all payments as described herein and then may attempt or seek to recover such payments by actions at law or in equity for damages or specific performance, respectively. Section 2.07. Impact of Exclusion of Property. The parties to this Agreement hereby agree that this Agreement constitutes “indebtedness” as contemplated by Section 32-1-503, C.R.S. Any property excluded from a Taxing District after the date hereof is to remain liable for the imposition of the Subordinate Required Mill Levy and payment of the proceeds thereof in accordance with the provisions hereof, to the same extent as such property otherwise remains liable for the debt of such Taxing District, as provided in Section 32-1-503, C.R.S. In the event that any order providing for the exclusion of property from a Taxing District does not so provide and specifically indicate the liability of such excluded property for the obligations set forth herein, each Taxing District hereby agrees to take all actions necessary to cause the property owners of such proposed excluded property to covenant to assume all responsibilities under this Agreement, which covenants shall run with the land and shall be in a form satisfactory to the Issuing District. Section 2.08. Additional Covenants. 16 (a) Each District (excluding the Issuing District) covenants that it will not issue or incur any Additional Taxing District Obligation without the prior consent of the Issuing District and the Service District; provided, however, that the Senior Payment Obligation, as provided in the Senior Pledge Agreement, and Permitted Junior Lien Obligations are permitted with only the consent of the Service District. (b) The Taxing Districts shall not impose, in any given year, an administrative, operations and maintenance mill levy in excess of the maximum administrative, operations and maintenance mill levy then permitted by the Service Plan, taking into account the Senior Obligation Mill Levy, the Subordinate Required Mill Levy and any other debt service mill levy then imposed by the Taxing Districts. However, for purposes of clarification, it is acknowledged that the proceeds of any general property tax levy imposed to pay current administrative, operations and maintenance shall not be payable to the Issuing District pursuant to this Agreement, shall not be payable to the Trustee (or other entity designated by the Issuing District) and shall not be subject to the lien of this Agreement. (c) At least once a year, each Taxing District will either cause an audit to be performed of the records relating to its revenues and expenditures or, if applicable under State statute, will apply for an audit exemption, and each Taxing District shall use its best commercially reasonable efforts to have such audit report or application for audit exemption completed no later than September 30 of each calendar year. The foregoing covenant shall apply notwithstanding any different time requirements for the completion of such audit or application for audit exemption under State law. In addition, at least once a year in the time and manner provided by law, each Taxing District will cause a budget to be prepared and adopted. Copies of the budget and the audit or audit exemption will be filed and recorded in the places, time, and manner provided by law. With respect to the obligations of the Issuing District under this paragraph, in the event of any conflicts between the provisions hereof or the provisions of any Subordinate Obligations Documents, the provisions of any Subordinate Obligations Documents shall control. (d) Each District agrees to provide the Issuing District with information promptly upon request by the Issuing District necessary for the Issuing District to comply on an ongoing basis with the requirements of any continuing disclosure agreement or similar document entered into by the Issuing District in connection with the issuance of any Subordinate Obligations. (e) Unless in response to a specific covenant violation, nuisance or similar condition, each District agrees that it shall not impose any rates, tolls, fees or other charges on vacant lots or other undeveloped property within or without its boundaries in excess of the rates, tolls, fees or other charges applicable to developed residential lots or engage in any other act or omission that may impair future development in a manner that could adversely affect the amount of any Taxing District’s Subordinate Pledged Revenue or delay the timing of any Taxing District’s receipt of Subordinate Pledged Revenue or remittance thereof to the Trustee in accordance with the provisions hereof. 17 (f) Any Subordinate Pledged Revenue that remains after satisfaction in full of the Senior Obligations, Subordinate Obligations and Junior Lien Obligations shall be due and payable to the Service District under the Master IGA. In the event that any Subordinate Pledged Revenue is available to be disbursed in accordance with the preceding sentence, the Districts will, in making their determination as to the application of such amounts, take into account that State law places certain restrictions upon the use of any moneys representing ad valorem property tax revenue from a debt service mill levy, and any then-existing pledge or encumbrance on such revenues. For purposes of determining the nature of the Subordinate Pledged Revenue available for disbursement pursuant to the first sentence of this subsection, the Subordinate Pledged Revenue shall be deemed to be funded, first, from Subordinate Property Tax Revenues resulting from imposition of the Subordinate Required Mill Levy, and second, from Subordinate Specific Ownership Tax revenues resulting from imposition of the Subordinate Required Mill Levy. ARTICLE III REPRESENTATIONS AND WARRANTIES Section 3.01. Representations and Warranties of the Districts. Each of the Districts hereby makes the following representations and warranties with respect to itself: (a) The District is a quasi-municipal corporation and political subdivision duly organized and validly existing under the laws of the State. (b) The District has all requisite corporate power and authority to execute, deliver, and to perform its obligations under this Agreement. The District’s execution, delivery, and performance of this Agreement have been duly authorized by all necessary action. (c) The District is not in violation of any of the applicable provisions of law or any order of any court having jurisdiction in the matter, which violation could reasonably be expected to materially adversely affect the ability of the District to perform its obligations hereunder. The execution, delivery and performance by the District of this Agreement (i) will not violate any provision of any applicable law or regulation or of any order, writ, judgment, or decree of any court, arbitrator, or governmental authority, (ii) will not violate any provision of any document or agreement constituting, regulating, or otherwise affecting the operations or activities of the District in a manner that could reasonably be expected to result in a material adverse effect on the District’s ability to perform its obligations under this Agreement, and (iii) will not violate any provision of, constitute a default under, or result in the creation or imposition of any lien, mortgage, pledge, charge, security interest, or encumbrance of any kind on any of the revenues or other assets of the District pursuant to the provisions of any mortgage, indenture, contract, agreement, or other undertaking to which the District is a party or which purports to be binding upon the District or upon any of its revenues or other assets which could reasonably be expected to result in a material adverse effect on the District’s ability to perform its obligations under this Agreement. 18 (d) The District has obtained all consents and approvals of, and has made all registrations and declarations with any governmental authority or regulatory body required for the execution, delivery, and performance by the District of this Agreement. (e) There is no action, suit, inquiry, investigation, or proceeding to which the District is a party, at law or in equity, before or by any court, arbitrator, governmental or other board, body, or official which is pending or, to the best knowledge of the District threatened, in connection with any of the transactions contemplated by this Agreement nor, to the best knowledge of the District is there any basis therefor, wherein an unfavorable decision, ruling, or finding could reasonably be expected to have a material adverse effect on the validity or enforceability of, or the authority or ability of the District to perform its obligations under, this Agreement. (f) This Agreement constitutes the legal, valid, and binding obligation of the District, enforceable against the District in accordance with its terms (except as such enforceability may be limited by bankruptcy, moratorium, or other similar laws affecting creditors’ rights generally and provided that the application of equitable remedies is subject to the application of equitable principles). ARTICLE IV NON-COMPLIANCE AND REMEDIES Section 4.01. Events of Non-Compliance. The occurrence or existence of any one or more of the following events shall be an “Event of Non-Compliance” hereunder, and there shall be no default or Event of Non-Compliance hereunder except as provided in this Section: (a) any Taxing District fails or refuses to impose the Subordinate Required Mill Levy or to remit the Subordinate Pledged Revenue as required by the terms of this Agreement; (b) any representation or warranty made by any party in this Agreement proves to have been untrue or incomplete in any material respect when made and which untruth or incompletion would have a material adverse effect upon any other party; (c) any party fails in the performance of any other of its covenants in this Agreement, and such failure continues for 30 days after written notice specifying such default and requiring the same to be remedied is given to any of the parties hereto; or (d) (i) any party shall commence any case, proceeding, or other action (A) under any existing or future law of any jurisdiction relating to bankruptcy, insolvency, reorganization, or relief of debtors, seeking to have an order for relief entered with respect to it or seeking to adjudicate it insolvent or a bankrupt or seeking reorganization, arrangement, adjustment, winding up, liquidation, dissolution, composition, or other relief with respect to it or its debts, or (B) seeking appointment of a receiver, trustee, custodian, or other similar official for itself or for any substantial part of its property, or any party shall make a general assignment for the benefit of its creditors; or (ii) there shall be commenced against any party any case, proceeding, or other action of a nature 19 referred to in clause (i) and the same shall remain not dismissed within 90 days following the date of filing; or (iii) there shall be commenced against any party any case, proceeding, or other action seeking issuance of a warrant of attachment, execution, distraint, or similar process against all or any substantial part of its property which results in the entry of an order for any such relief which shall not have been vacated, discharged, stayed, or bonded pending appeal within 90 days from the entry thereof; or (iv) any party shall take action in furtherance of, or indicating its consent to, approval of, or acquiescence in, any of the acts set forth in clause (i), (ii) or (iii) above; or (v) any party shall generally not, or shall be unable to, or shall admit in writing its inability to, pay its debts as they become due. WITHOUT LIMITING THE FOREGOING, AND NOTWITHSTANDING ANY OTHER PROVISION CONTAINED HEREIN, EACH TAXING DISTRICT ACKNOWLEDGES AND AGREES THAT THE APPLICATION OF ANY PORTION OF THE SUBORDINATE PLEDGED REVENUE TO ANY PURPOSE OTHER THAN DEPOSIT WITH THE TRUSTEE OR AS OTHERWISE DIRECTED BY THE ISSUING DISTRICT IN ACCORDANCE WITH THE PROVISIONS HEREOF CONSTITUTES A VIOLATION OF THE TERMS OF THIS PLEDGE AGREEMENT AND A BREACH OF THE COVENANTS MADE HEREUNDER FOR THE BENEFIT OF THE BONDHOLDERS OF ANY SUBORDINATE OBLIGATIONS, WHICH SHALL ENTITLE THE ISSUING DISTRICT, THE SERVICE DISTRICT AND THE TRUSTEE TO PURSUE, ON BEHALF OF BONDHOLDERS OF ANY SUBORDINATE OBLIGATIONS, ALL AVAILABLE ACTIONS AGAINST EACH TAXING DISTRICT IN LAW OR IN EQUITY, AS MORE PARTICULARLY PROVIDED IN SECTION 4.02 HEREOF. EACH TAXING DISTRICT FURTHER ACKNOWLEDGES AND AGREES THAT THE APPLICATION OF SUBORDINATE PLEDGED REVENUE IN VIOLATION OF THE COVENANTS HEREOF WILL RESULT IN IRREPARABLE HARM TO THE BONDHOLDERS OF ANY SUBORDINATE OBLIGATIONS. IN NO EVENT SHALL ANY PROVISION HEREOF BE INTERPRETED TO PERMIT A TAXING DISTRICT TO RETAIN ANY PORTION OF THE SUBORDINATE PLEDGED REVENUE. Section 4.02. Remedies For Events of Non-Compliance. Upon the occurrence and continuance of an Event of Non-Compliance, any party may proceed to protect and enforce its rights against the party or parties causing the Event of Non-Compliance by mandamus or such other suit, action, or special proceedings in equity or at law, in any court of competent jurisdiction, including an action for specific performance. In the event of any litigation or other proceeding to enforce any of the terms, covenants or conditions hereof, the prevailing party in such litigation or other proceeding shall obtain, as part of its judgment or award, its reasonable attorneys’ fees and costs. In no event shall any party be entitled to consequential or punitive damages. Nothing in this Agreement shall be construed as a waiver by any of the Districts of the protections and privileges of the Colorado Governmental Immunity Act (Title 24, Article 10, C.R.S.). 20 ARTICLE V MISCELLANEOUS Section 5.01. Pledge of Revenue. The creation, perfection, enforcement, and priority of the pledge of Subordinate Pledged Revenue by each Taxing District to secure or pay the Subordinate Payment Obligation shall be governed by Section 11-57-208 of the Supplemental Act and this Agreement. The Subordinate Pledged Revenue shall immediately be subject to the lien of such pledge without any physical delivery, filing, or further act. The lien of such pledge shall be valid, binding, and enforceable as against all persons having claims of any kind in tort, contract, or otherwise against any of the Taxing Districts irrespective of whether such persons have notice of such liens. Section 5.02. No Recourse against Officers and Agents. Pursuant to Section 11-57- 209 of the Supplemental Act, if a member of the Board of a District, or any officer or agent of a District acts in good faith, no civil recourse shall be available against such member, officer, or agent for payment of the Subordinate Payment Obligation. Such recourse shall not be available either directly or indirectly through the Board of a District, or otherwise, whether by virtue of any constitution, statute, rule of law, enforcement of penalty, or otherwise. By the acceptance of this Agreement and as a part of the consideration hereof, each of the Districts and the Trustee specifically waives any such recourse. Section 5.03. Conclusive Recital. Pursuant to Section 11-57-210 of the Supplemental Act, this Agreement contains a recital that it is issued pursuant to certain provisions of the Supplemental Act, and such recital is conclusive evidence of the validity and the regularity of this Agreement after its delivery for value. Section 5.04. Limitation of Actions. Pursuant to Section 11-57-212 of the Supplemental Act, no legal or equitable action brought with respect to any legislative acts or proceedings in connection with the authorization, execution, or delivery of this Agreement shall be commenced more than 30 days after the authorization of this Agreement. Section 5.05. Consent of Service District. Pursuant to Section 3 of the Master IGA, the Service District hereby grants its consent to the execution of this Agreement by the Taxing Districts. Section 5.06. Notices. Except as otherwise provided herein, all notices or payments required to be given under this Agreement shall be in writing and shall be hand delivered or sent by certified mail, return receipt requested, or air freight, to the following addresses: If to the Districts: Haymeadow Metropolitan District Nos. 1-6 c/o Cockrel Ela Glesne Greher & Ruhland, P.C. 44 Cook Street, Suite 620 Denver, Colorado 80206 Attention: David Greher Email: dgreher@cegrlaw.com 21 If to the Trustee: BOKF, N.A. c/o BOK Financial 1600 Broadway, 26th Floor Denver, Colorado 80202 Attention: Corporate Trust Services Email: CTDenver@bokf.com All notices or documents delivered or required to be delivered under the provisions of this Agreement shall be deemed received one day after hand delivery or three days after mailing. Any District by written notice so provided may change the address to which future notices shall be sent. Section 5.07. Rights of Trustee. Notwithstanding any other provision herein, at such time as no amounts remain due and owing under any Subordinate Obligation Document to which the Trustee is a party, all rights of the Trustee hereunder (including, but not limited to, the right to consent to any amendment hereto as a party hereof), shall terminate and be of no force or effect without further action by the parties hereto. Section 5.08. Agreement Issued to the Trustee. It is hereby acknowledged by the Issuing District and by each of the other Districts that the financial obligations incurred by the Taxing Districts pursuant to this Agreement are being issued to the Trustee, as the sole beneficiary of such obligations (for and on behalf of investors that hold any Subordinate Obligations). Section 5.09. Required Debt Instrument Disclosure. By acceptance of this Agreement, the Trustee agrees and consents, as the sole beneficiary of such obligations (for and on behalf of the financial institutions or institutional investors that hold any Subordinate Obligations) to all of the limitations in respect of the payment of principal and interest due on the Subordinate Payment Obligation hereunder, in the resolutions of the Districts authorizing this Agreement and in the Service Plan, which limitations are reflected herein in the “Subordinate Required Mill Levy” and “Termination Date” definitions. The Subordinate Payment Obligation is not and cannot be a debt of the Town of Eagle. Section 5.10. Miscellaneous. (a) This Agreement constitutes the final, complete, and exclusive statement of the terms of the agreement between the parties pertaining to the subject matter of this Agreement and supersedes all prior and contemporaneous understandings or agreements of the parties. This Agreement may not be contradicted by evidence of any prior or contemporaneous statements or agreements. No party has been induced to enter into this Agreement by, nor is any party relying on, any representation, understanding, agreement, commitment, or warranty outside those expressly set forth in this Agreement. (b) If any term or provision of this Agreement is determined to be illegal, unenforceable, or invalid in whole or in part for any reason, such illegal, unenforceable, or invalid provisions or part thereof shall be stricken from this Agreement, and such provision shall not affect the legality, enforceability, or validity of the remainder of this 22 Agreement. If any provision or part thereof of this Agreement is stricken in accordance with the provisions hereof, then such stricken provision shall be replaced, to the extent possible, with a legal, enforceable, and valid provision that is as similar in tenor to the stricken provision as is legally possible. (c) The Bondholders are third party beneficiaries to this Agreement and it is intended that there be no other third party beneficiaries of this Agreement. Nothing contained herein, expressed or implied, is intended to give to any person other than the Trustee and the Districts any claim, remedy, or right under or pursuant hereto, and any agreement, condition, covenant, or term contained herein required to be observed or performed by or on behalf of any party hereto shall be for the sole and exclusive benefit of the other parties. (d) This Agreement may not be assigned or transferred by any party without the prior written consent of each of the other parties. (e) This Agreement shall be governed by and construed under the applicable laws of the State. (f) This Agreement may be amended or supplemented by the parties, but any such amendment or supplement must be in writing and must be executed by all parties and is subject to the limitations and requirements of any Subordinate Obligation Documents. (g) If the date for making any payment or the last day for performance of any act or the exercising of any right, as provided in this Agreement, shall be a Saturday, Sunday, legal holiday or a day on which banking institutions in the city in which the principal office of the Trustee is located are authorized or required by law to remain closed, such payment may be made or act performed or right exercised on the next succeeding day which is not a Saturday, Sunday, legal holiday or a day on which such banking institutions are authorized or required by law to remain closed, with the same force and effect as if done on the nominal date provided in this Agreement. (h) Each party has participated fully in the review and revision of this Agreement. Any rule of construction to the effect that ambiguities are to be resolved against the drafting party shall not apply in interpreting this Agreement. The language in this Agreement shall be interpreted as to its fair meaning and not strictly for or against any party. (i) This Agreement may be executed in several counterparts, each of which shall be an original and all of which shall constitute but one and the same instrument. (j) Each District acknowledges that any Subordinate Obligation Documents shall not be subject to the consent of each District, so long as not purporting to amend the provisions hereof with respect to the obligations of each District. (k) By acceptance of any Subordinate Obligations, the Bondholders will be deemed to have agreed and consented to all of the limitations in respect of the payment of 23 the principal of and interest on the Subordinate Payment Obligation contained herein, in the resolutions of the Districts authorizing the execution and delivery of this Agreement and in the Service Plan. The Subordinate Payment Obligation is not and cannot be a debt of the Town of Eagle. (l) Each District has found and determined that the facilities described in the Service Plan are in the nature of community improvements intended for the general direct or indirect benefit of the planned residential community within the applicable District, and constitute improvements for which the applicable District is authorized to issue indebtedness and impose ad valorem property taxes in accordance with the Elections and the Service Plan, and the payment of such costs of the facilities is in furtherance of the purposes for which the applicable Taxing District was formed. Section 5.11. Effective Date and Termination Date. This Agreement shall become effective as of the date first written above and shall remain in effect until the Termination Date. Section 5.12. Electronic Execution and Storage. The parties hereto agree that the transaction described herein may be conducted and related documents may be stored by electronic means. Copies, telecopies, facsimiles, electronic files and other reproductions of original executed documents shall be deemed to be authentic and valid counterparts of such original documents for all purposes, including the filing of any claim, action or suit in the appropriate court of law. Without limiting the foregoing, the parties agree that any individual or individuals who are authorized to execute or consent to this Agreement or any amendment, supplement or consent relating thereto on behalf of each District or the Trustee are hereby authorized to execute the same electronically via facsimile or email signature. This agreement by the parties to use electronic signatures is made pursuant to Article 71.3 of Title 24, C.R.S., also known as the Uniform Electronic Transactions Act. Any electronic signature so affixed to this Agreement or any supplement or consent relating thereto shall carry the full legal force and effect of any original, handwritten signature. andyearfirstabovewritten....PresidentATTTED:SEALPresidentQkintytPresident[SignaturePagetoSubordinateCapitalPledgeAgreement]HAYMENO.5HAYMEADOWNO.2IIHAYMEADO"NO.3INWITNESSWHEREOF,theIssuingDistrict,DistrictNo.1,DistrictNo.2,DistrictNo.3,DistrictNo.4,theServiceDistrictandtheTrusteehaveexecutedthisAgreementasoftheday1/.^DOW/tMETROPOLITANDISTRICTPresidentl^^TROPOLITANDISTRICTATTESTED:'Secretary^HAYMEADOWMETROPOLITANDISTRICTNO.1\WMETROPOLITANDISTRICT7’~f:SEAL."vATTESTED:'Secretary-/ATTESTED:ZSpcretarZ\SEAL.0(i:SEAL..4Jj:SEAL:? PresidentATTESTED:ROPOLITANDISTRICTADQWSEALPresidentBOKF,N.A.,asTrusteeAuthorizedSignatory[SignaturePagetoSubordinateCapitalPledgeAgreement]HAY?NO.4HAY?NO.6ecrejerfyATTESTED:z^SecretpryOWMETROPOLITANDISTRICT£•:SEAL•?.<oAWSEAL:? President or Vice President ATTESTED: Secretary or Assistant Secretary President or Vice President ATTESTED: Secretary or Assistant Secretary BOKF,N.A.,as Trustee; ized S [Signature Page to Subordinate Capital Pledge Agreement] HAYMEADOW METROPOLITAN DISTRICT NO.4 HAYMEADOW METROPOLITAN DISTRICT NO.6 #J Authoi w ;naiory EXHIBIT A TO SUBORDINATE CAPITAL PLEDGE AGREEMENT BALLOT QUESTIONS (as attached to Authorizing Resolutions for District Nos. 1, 2, 3, 4 and 6) CANVASS BOARD'S CERTIFICATE OF DETERMINATION OF OFFICIAL ELECTION RESULTS FOR TU E SPECIAL ORGANIZATION ELECTION HELD NOVEMBER 4, 2014 FOR THE HAYMEADOW METROPOLITAN DISTRICT NO. 1 Each of the undersigned members of the Canvass Board of the Haymeadow Metropolitan District No. 1 ("District") certifies that the following is a true and correct determination of the official election results of the special organization election of the District, at which time the eligible electors of the District voted as indicated on the attached Judges' Certificate of Election Returns, and as a result of which the eligible electors elected to office the following Directors: Jens M. Werner Term to May, 2018 P.O. Box 2964 Avon, Colorado 81620 Richard J. Pyhnan Term to May, 2018 P.O. Box 1195 Edwards, Colorado 81632 Vacancy Term to May, 2018 Vacancy Term to May, 2016 Vacancy Term to May, 2016 The votes cast for and against each ballot issue and ballot question submitted were as follows: HAYMEADOW METROPOLITAN DISTRICT NO. 1 BALLOT QUESTION A: Shall Haymeadow Metropolitan District No. 1 be organized? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 1 BALLOT ISSUE B: SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 1 TAXES BE INCREASED $50,000 ANNUALLY (FIRST FULL FISCAL YEAR INCREASE) AND BY SUCH OTHER AMOUNTS COLLECTED IN EACH YEAR THEREAFTER FROM A MILL LEVY IMPOSED AT A RATE NOT TO EXCEED 50.000 MILLS (WITH THE ACTUAL MILL LEVY RATE FOR ANY FISCAL YEAR TO BE ADJUSTED DOWNWARDS OR UPWARDS BY THE BOARD OF DIRECTORS IN ITS DISCRETION) TO PAY THE DISTRICT'S ADMINISTRATION, OPERATIONS, MAINTENANCE, CAPITAL IMPROVEMENT AND (00416722.DOC OTHER EXPENSES WITHOUT LIMITATION; PROVIDED THAT SUCH MILL LEVY MAY BE ADJUSTED (A) TO ACCOUNT FOR CHANGES IN THE LAW OR THE METHOD BY WHICH ASSESSED VALUATION IS CALCULATED, INCLUDING A CHANGE IN THE PERCENTAGE OF ACTUAL VALUATION USED TO DETERMINE. ASSESSED VALUATION, (B) TO OFFSET ANY PROPERTY TAX CUT OR LIMIT WHICH IS MANDATED BY ARTICLE X, SECTION 20 OR OTHER PROVISIONS OF THE COLORADO CONSTITUTION, AS IT CURRENTLY EXISTS OR AS IT MAY BE AMENDED, AND (C) TO OFFSET REFUNDS AND ABATEMENTS; AND SHALL THE PROCEEDS OF SUCH TAXES AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION, SECTION 29-1-301, C.R.S., OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 1 BALLOT ISSUE C: (Debt for Parks and Recreation) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 1 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 1 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING; CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING PARKS AND RECREATION IMPROVEMENTS AND PROGRAMS AS AUTHORIZED BY LAW, INCLUDING WITHOUT LIMITATION PARKS, TRAILS, PATHS AND OPEN SPACE, TOGETHER WITH ALL NECESSARY, INCIDENTAL AND APPURTENANT FACILITIES, LAND AND EASEMENTS, AND ALL EXTENSIONS OF AND IMPROVEMENTS TO SUCH FACILITIES WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY • {00416722.DOC 0 WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICIHNT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. I BALLOT ISSUE D: (Debt for Drainage) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 1 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 1 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING—AIL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING A STORMWATER MANAGEMENT SYSTEM, INCLUDING WITHOUT LIMITATION STORMWATER, SEWER, FLOOD AND SURFACE DRAINAGE FACILIT1KS AND SYSTEMS, DETENTION/RETENTION PONDS AND ASSOCIATED DRAINAGE FACILITIES, TOGETHER WITH ALL NECESSARY, INCIDENTAL AND APPURTENANT FACILITIES, LAND AND EASEMENTS, AND ALL EXTENSIONS OF AND IMPROVEMENTS TO SUCH FACILITIES WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF (00416722.DOC SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 1 BALLOT ISSUE E: (Debt for Street Improvements) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 1 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 1 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS • AND-OBLIGATIONS-SECURED-BY-MOR-TGAGESTI)EEDS -OF TRU- S-T,LIENSTAND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING STREET, ROADWAY AND RELATED LANDSCAPING IMPROVEMENTS, INCLUDING CURBS, GUTTERS, CULVERTS, AND OTHER DRAINAGE FACILITIES, PEDESTRIAN WAYS, BRIDGES, ALLEYS, PARKING FACILITY ES, PAVING, LIGHTING, GRADING, LANDSCAPING, IRRIGATION, AND STRUCTURES; AND STREET-RELATED ELECTRIC, TELEPHONE, AND GAS; TOGETHER WITH ALL NECESSARY, INCIDENTAL, AND APPURTENANT FACILITIES, LAND AND EASEMENTS, AND ALL EXTENSIONS OF AND IMPROVEMENTS TO SAID FACILITI KS WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH {00416722.DOC /} INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY • COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 1 BALLOT ISSUE F: (Debt for Water) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 1 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL EIKYMBAJDOWT-M-ETROP 011T-AN-D IS-TRIC-T-NO.--1-T AXES -BE-INeRE-ARED S4-1;300,000- ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND. PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING COMPLETE POTABLE WATER SYSTEM AND A COMPLETE NONPOTABLE IRRIGATION WATER SYSTEM, INCLUDING BUT NOT LIMITED TO, WATER RIGHTS, WATER SUPPLY, TREATMENT, STORAGE, TRANSMISSION AND DISTRIBUTION SYSTEMS FOR PUBLIC OR PRIVATE PURPOSES, TOGETHER WITH ALL NECESSARY AND PROPER RESERVOIRS, TREATMENT WORKS AND FACILITY KS, WELLS, WATER RIGHTS, (00416722.DOC I} EQUIPMENT AND APPURTENANCES INCIDENT THERETO WHICH MAY INCLUDE, BUT SHALL NOT BE LIMITED TO, TRANSMISSION LINES, DISTRIBUTION MAINS AND LATERALS, STORAGE FACILITIES, LAND AND EASEMENTS, TOGETHER WITH EXTENSIONS OF AND IMPROVEMENTS TO SAID FACILIT I HS OR SYSTEMS WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN- AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY,THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 1 BALLOT ISSUE G: (Debt for Sewer) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 1 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 1 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, (00416722.DOC /} INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING SANITARY SEWERS, WASTEWATER TREATMENT AND DISPOSAL WORKS AND FACTLIT I ES, WATER QUALITY FACILITIES, EQUIPMENT AND APPURTENANCES INCIDENT THERETO, TOGETHER WITH ALL NECESSARY, INCIDENTAL AND APPURTENANT FACILITIES, LAND AND EASEMENTS, AND ALL NECESSARY EXTENSIONS OF AND IMPROVEMENTS TO SAID FACILIT ES OR SYSTEMS WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFIC I ENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS. OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: NO: HAYMEADOW METROPOLITAN DISTRICT NO. 1 BALLOT ISSUE 11: (Debt for Transportation) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 1 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 1 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL Two (2) •Zetor (0)• • {00416722.DOC OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING A SYSTEM TO TRANSPORT THE PUBLIC BY BUS, RAIL, OR ANY OTHER MEANS OF CONVEYANCE, OR ANY COMBINATION THEREOF, TOGETHER WITH ALL NECESSARY, INCIDENTAL AND APPURTENANT FACILITIES, LAND AND EASEMENTS, AND ALL EXTENSIONS OF AND IMPROVEMENTS TO SUCH FACILITIES WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL. LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFIC I HNT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 1 BALLOT ISSUE I: (Debt for Traffic and Safety Controls) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 1 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 1 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCIIDEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LIENS, AND {00416722.DOC /} OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING TRAFFIC AND SAFETY CONTROLS AND DEVICES ON STREETS AND HIGHWAYS AND AT RAILROAD CROSSINGS, TOGETHER WITH ALL NECESSARY, INCIDENTAL AND APPURTENANT FACILIT1KS, LAND AND EASEMENTS, AND ALL EXTENSIONS OF AND IMPROVEMENTS TO SUCH FACILITIES. WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND • PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICIHNT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 1 BALLOT ISSUE J: (Debt for Mosquito Control) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 1 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 1 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS {00416722.DOC /} AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LII NS; AND. OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING IMPROVEMENTS TO PROVIDE FOR THE ELIMINATION AND CONTROL OF MOSQUITOES, TOGETHER WITH ALL NECESSARY, INCIDENTAL AND APPURTENANT FACILITIES, LAND AND EASEMENTS, AND ALL EXTENSIONS OF AND IMPROVEMENTS TO SUCH FACILIT I KS WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 1 BALLOT ISSUE K: (Debt for Fire Protection) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 1 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 1 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS {00416722.DOC I) AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LE NNS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING FIRE PROTECTION, TOGETHER WITH ALL NECESSARY, INCIDENTAL AND APPURTENANT FACILITIES, LAND AND EASEMENTS, AND ALL EXTENSIONS OF AND IMPROVEMENTS TO SUCH FACILITY HS WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE; INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS. SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: - Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 1 BALLOT ISSUE L: (Debt for Refunding) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 1 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 1 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS {0(7416722.DOC I} AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF REFUNDING, PAYING, OR DEFEASING, IN WHOLE OR IN PART, BONDS, NOTES, OR OTHER FINANCIAL OBLIGATIONS OF THE DISTRICT; SUCH DEBT TO BEAR INTEREST AT A RATE TO BE DETERMINED BY THE DISTRICT BOARD, WHICH INTEREST RATE MAY BE HIGHER THAN THE INTEREST RATE BORNE BY THE OBLIGATIONS BEING REFUNDED BUT IN NO EVENT SHALL THE NET EFFECTIVE INTEREST RATE EXCEED 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY • COMPOUND PERIODICALLY AS MAY BE'DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW,. OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND. ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; THE PRINCIPAL AMOUNT OF SUCH DEBT, TOGETHER WITH ALL OTHER DEBT OF THE DISTRICT AUTHORIZED BY ANY OTHER BALLOT QUESTION AND ALL DEBT ISSUED BY HAYMEADOWMETROPOLITAN DISTRICT NOS. 2 TO 6, NOT TO EXCEED AN AGGREGATE OF $35,000,000; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING WITHOUT LIMITATION FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH. SUCH LIMITATIONS AS MAY BE DETERMINED .BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF. SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE-COLLECTED, RETAINED-AND SPENT BY THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 1 BALLOT ISSUE M: (Intergovernmental Agreements with the State or Political Subdivisions) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 1 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 1 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT AND MULTIPLE-FISCAL YEAR OBLIGATIONS; SUCH {00416722.DOC DEBT AND OBLIGATIONS TO CONSIST OF ONE OR MORE. NTERGOVERNMENTAL AGREEMENTS WITH THE STATE OR ANY POLITICAL SUBDIVISION OF THE STATE, INCLUDING THE TOWN OF EAGLE, COLORADO, AND HAYMEADOW METROPOLITAN DISTRICT NOS. 2 TO 6, FOR THE PURPOSE OF JOINTLY FINANCING THE COSTS OF ANY PUBLIC IMPROVEMENTS, FACILIT I 14,S, SYSTEMS, PROGRAMS, OR PROJECTS WHICH THE DISTRICT MAY LAWFULLY PROVIDE, OR FOR THE PURPOSE OF PROVIDING FOR THE OPERATIONS AND MAINTENANCE OF THE DISTRICT AND ITS FACILITIES AND PROPERTIES; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM THE DISTRICT'S OPERATING MILL LEVY IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY FOR THE PURPOSES SPECIF ABOVE; AND IN CONNECTION THEREWITH SHALL THE DISTRICT BE AUTHORIZED TO MAKE COVENANTS REGARDING THE ESTABLISHMENT AND USE OF AD VALOREM TAXES, RATES, FEES, TOLLS, PENALTIES, AND OTHER CHARGES OR REVENUES OF THE DISTRICT, AND COVENANTS, REPRESENTATIONS, AND WARRANT I I4,S AS TO OTHER MATTERS ARISING UNDER THE AGREEMENTS, ALL AS MAY BE DETERMINED BY THE BOARD OF DIRECTORS OF THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 1 BALLOT ISSUE N: (TABOR Exemption for Revenue) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 1 BE AUTHORIZED TO COLLECT, RETAIN, AND SPEND ANY AND ALL AMOUNTS ANNUALLY FROM ANY REVENUE SOURCES WHATSOEVER (INCLUDING WITHOUT LIMITATION ANY REVENUES FROM AD VALOREM PROPERTY TAXES, TAXES, SPECIFIC OWNERSHIP TAXES, FEES, RATES, TOLLS, PENALTIES, OR CHARGES, STATE, FEDERAL AND PRIVATE GRANTS AND GIFTS, OR ANY OTHER SOURCE); AND SHALL SUCH REVENUES BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER AS A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING; REVENUE=RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 1 BALLOT ISSUE 0: (Developer Agreements) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 1 BE AUTHORIZED TO ENTER {00416722.D0C4 INTO AGREEMENTS WITH ANY DEVELOPER OF PROPERTY IN THE DISTRICT FOR THE PURPOSE OF FINANCING THE COSTS. OF ANY PUBLIC IMPROVEMENTS, FACILITIES, SYSTEMS, OR PROJECTS WHICH THE DISTRICT MAY LAWFULLY PROVIDE, WHICH AGREEMENTS MAY CONSTITUTE DEBT OR INDEBTEDNESS AND MULTIPLE-FISCAL YEAR OBLIGATIONS OF THE DISTRICT TO THE EXTENT PROVIDED THEREIN AND OTHERWISE AUTHORIZED BY LAW, AND IN CONNECTION THEREWITH SHALL THE DISTRICT BE AUTHORIZED TO AGREE TO PAY SPECIE( HD REVENUES OF THE DISTRICT TO THE DEVELOPERS, TO MAKE COVENANTS REGARDING THE REVENUES OF THE DISTRICT, AND TO MAKE COVENANTS, REPRESENTATIONS, AND WARRANTIES AS TO OTHER MATTERS ARISING UNDER THE AGREEMENTS, ALL AS MAY BE DETERMINED BY THE BOARD OF DIRECTORS OF THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 1 BALLOT ISSUE P: (Mortgage of Property) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 1 BE AUTHORIZED TO ISSUE, CREATE, EXECUTE, AND DELIVER MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, WHETHER NOW OWNED OR HEREAFTER ACQUIRED, AND INCLUDING WITHOUT LIMITATION WATER AND WATER RIGHTS, SUCH ENCUMBRANCES OF THE DISTRICT AND OF HAYMEADOW METROPOLITAN DISTRICT NOS. 2 TO 6 TO BE IN THE AGGREGATE PRINCIPAL AMOUNT NOT TO EXCEED $35,000,000, PLUS INTEREST THEREON AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, ALL AS MAY BE DETERMINED BY THE BOARD OF DIRECTORS TO BE NECESSARY OR APPROPRIATE IN CONNECTION WITH THE ISSUANCE OF BONDS, NOTES, CONTRACTS, OR OTHER FINANCIAL OBLIGATIONS OF THE DISTRICT; SUCH ENCUMBRANCES TO BE CREATED FOR THE PURPOSE OF PROVIDING ADDITIONAL SECURITY FOR DISTRICT FINANCIAL OBLIGATIONS, AND TO BE CREATED AT ONE TIME OR FROM TIME TO TIME; SUCH MORTGAGES, DEEDS OF -TRUST, LIENS, OR OTHER ENCUMBRANCES-TO ENTITLE THE OWNER OR - - BENEFICIARY THEREOF TO FORECLOSE UPON AND TAKE TITLE TO AND POSSESSION OF THE DISTRICT PROPERTY SO ENCUMBERED, AND IN CONNECTION THEREWITH SHALL THE DISTRICT BE AUTHORIZED TO MAKE SUCH COVENANTS REGARDING THE USE OF THE ENCUMBERED PROPERTY AND OTHER MATTERS ARISING UNDER THE ENCUMBRANCE, ALL AS MAY BE DETERMINED BY THE BOARD OF-DIRECTORS OF THE DISTRICT? YES: Two (2) NO: Zero (0) {00416722.DOC/} YES: NO: CERTIF I HD this 5th day of Novemb Design Two (2) Zero (0) d Election Official Canvass Canvasser HAYMEADOW METROPOLITAN DISTRICT NO.2 BALLOT QUESTION Q (Transportation Services) Shall the Haymeadow Metropolitan District No. 2 be authorized to provide transportation services and exercise the power to establish, maintain, and operate a system to transport the public by bus, rail, or any other means of convenience, or any combination thereof, within and without the District boundaries, but only within Eagle County, Colorado, within which the District is located? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO.2 BALLOT QUESTION R (Waiver of Term Limits) Shall the limitations on terms of office of elected members of the Board of Directors of the Haymeadow Metropolitan District No. 2 be eliminated pursuant to Article XVIII, Section 11(2) of the Colorado Constitution? Contact Person for District: Business Address: Telephone Number: - - David A. Greher Collins Cockrel & Cole 390 Union Boulevard, Suite 400 Denver, Colorado 80228 (303) 986-1551 {00416752.D0C t} EXEIIBIT-A - (Attach Judges' Certificate of Election Returns) {00416722.DOC I) JUDGES' CERTIFICATE OF MAIL BALLOT ELECTION RETURNS AND STATEMENT OF BALLOTS FOR HAYMEADOW METROPOLITAN DISTRICT NO. 1 IT IS HEREBY CERTIFIED by the undersigned, who conducted the mail ballot election held in the Haymeadow Metropolitan District No. 1, in Eagle County, Colorado, on the 4th day of November, 2014, that after qualifying by swearing and subscribing to their Oaths of Office, they opened the polls at 7:00 a.m., and that they kept the polls open continuously until the hour of 7:00 p.m. on such date, after which they counted the ballots cast for Directors of the District and for the ballot issues and ballot questions submitted in accordance with the Colorado Local Government Election Code. That the votes cast for Director of the District to act until the first regular election in May, 2016: CANDIDATE FOR DIRECTOR There were no candidates That the votes cast for Director of the District to act until the second regular election in May, 2018: CANDIDATE FOR DIRECTOR NUMBER OF VOTES CAST Jens M. Werner Richard Pylman Two (2) Two (2) That the votes cast for and against the ballot questions and ballot issues submitted were as follows: HAYMEADOW METROPOLITAN DISTRICT NO. 1 BALLOT QUESTION A: Shall Haymeadow Metropolitan District No. 1 be organized? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 1 BALLOT ISSUE B: SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 1 TAXES BE INCREASED $50,000 ANNUALLY (FIRST FULL FISCAL YEAR INCREASE) AND BY SUCH OTHER AMOUNTS COLLECTED IN EACH YEAR THEREAFTER FROM A MILL LEVY IMPOSED AT A RATE NOT TO EXCEED 50.000 MILLS (WITH THE ACTUAL MILL LEVY RATE FOR ANY FISCAL YEAR TO BE ADJUSTED DOWNWARDS OR UPWARDS BY THE BOARD OF DIRECTORS IN ITS DISCRETION) TO PAY THE DISTRICT'S ADMINISTRATION, OPERATIONS, MAINTENANCE, CAPITAL IMPROVEMENT AND. OTHER EXPENSES WITHOUT LIMITATION; PROVIDED THAT SUCH MILL LEVY MAY BE ADJUSTED (A) TO ACCOUNT FOR CHANGES IN THE LAW OR THE METHOD BY WHICH ASSESSED VALUATION IS CALCULATED, INCLUDING A CHANGE IN THE PERCENTAGE OF ACTUAL VALUATION USED TO DETERMINE ASSESSED VALUATION, (B) TO OFFSET ANY PROPERTY TAX CUT OR LIMIT WHICH IS MANDATED BY ARTICLE X, SECTION 20 OR OTHER PROVISIONS OF THE COLORADO CONSTITUTION, AS IT CURRENTLY EXISTS OR AS IT MAY BE AMENDED, AND (C) TO OFFSET REFUNDS AND ABATEMENTS; AND SHALL THE PROCEEDS OF SUCH TAXES AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION, SECTION 29-1-301, C.R.S., OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 1 BALLOT ISSUE C: (Debt for Parks and Recreation) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 1 DEBT BE INCREASED $35,000;000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 1 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING PARKS AND RECREATION IMPROVEMENTS AND PROGRAMS AS AUTHORIZED BY LAW, INCLUDING WITHOUT LIMITATION PARKS, TRAILS, PATHS AND OPEN SPACE, TOGETHER WITH ALL NECESSARY, INCIDENTAL AND APPURTENANT FACILITIES, LAND AND EASEMENTS, AND ALL EXTENSIONS OF AND IMPROVEMENTS TO SUCH FACILITIES WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN. EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: NO: Two (2) Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 1 BALLOT ISSUE D: (Debt for Drainage) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 1 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 1 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LI BNS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING A STORMWATER MANAGEMENT SYSTEM, INCLUDING WITHOUT LIMITATION STORMWATER, SEWER, FLOOD AND SURFACE DRAINAGE FACILITIES AND SYSTEMS, DETENTION/RETENTION PONDS AND ASSOCIATED DRAINAGE FACILITIES, TOGETHER WITH ALL NECESSARY, INCIDENTAL AND APPURTENANT FACILITIES, LAND AND EASEMENTS, AND ALL EXTENSIONS OF AND IMPROVEMENTS TO SUCH FACILITIES WITHIN'AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF .ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 1 BALLOT ISSUE E: (Debt for Street Improvements) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 1 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 1 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING STREET, ROADWAY AND RELATED LANDSCAPING IMPROVEMENTS, INCLUDING CURBS, GUTTERS, CULVERTS, AND OTHER DRAINAGE FACILIT I FS, PEDESTRIAN WAYS, BRIDGES, ALLEYS, PARKING FACILITIES, PAVING, LIGHTING, GRADING, LANDSCAPING, IRRIGATION, AND STRUCTURES; AND STREET-RELATED ELECTRIC, TELEPHONE, AND GAS; TOGETHER WITH ALL NECESSARY, INCIDENTAL, AND APPURTENANT FACILITTES, LAND AND EASEMENTS, AND ALL EXTENSIONS OF AND IMPROVEMENTS TO SAID FACILIT I F.:S WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT • OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR. SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 1 BALLOT ISSUE F: (Debt for Water) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 1 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 1 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LI FNS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING COMPLETE POTABLE WATER SYSTEM AND A COMPLETE NONPOTABLE IRRIGATION WATER SYSTEM, INCLUDING BUT NOT LIMITED TO, WATER RIGHTS, WATER SUPPLY,. TREATMENT, STORAGE, TRANSMISSION AND DISTRIBUTION SYSTEMS FOR PUBLIC OR PRIVATE PURPOSES, TOGETHER WITH ALL NECESSARY AND PROPER RESERVOIRS, TREATMENT WORKS AND FACILIT I ES, WELLS, WATER RIGHTS, EQUIPMENT AND APPURTENANCES INCIDENT THERETO WHICH MAY INCLUDE, BUT SHALL NOT BE LIMITED TO, TRANSMISSION LINES, DISTRIBUTION MAINS AND LATERALS, STORAGE FACILITIES, LAND AND EASEMENTS, TOGETHER WITH EXTENSIONS OF AND IMPROVEMENTS TO SAID FACILITIES OR SYSTEMS WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 1 BALLOT ISSUE G: (Debt for Sewer) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 1 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 1 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING SANITARY SEWERS, WASTEWATER TREATMENT AND DISPOSAL WORKS AND FACILITIkS, WATER QUALITY FACILITIES, EQUIPMENT AND APPURTENANCES INCIDENT THERETO, TOGETHER WITH ALL NECESSARY, INCIDENTAL AND APPURTENANT FACILITIES, LAND AND EASEMENTS, AND. ALL NECESSARY EXTENSIONS OF AND IMPROVEMENTS TO SAID FACILITIES OR SYSTEMS WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM; SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFIC11,NT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR. SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 1 BALLOT ISSUE H: (Debt for Transportation) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 1 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 1 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY. THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING A SYSTEM TO TRANSPORT THE PUBLIC BY BUS, RAIL, OR ANY OTHER MEANS OF CONVEYANCE, OR ANY COMBINATION THEREOF, TOGETHER WITH ALL NECESSARY, INCIDENTAL AND APPURTENANT FACILITIES, LAND AND EASEMENTS, AND ALL EXTENSIONS OF AND IMPROVEMENTS TO SUCH FACILIT I HS WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES:. NO: Two (2) Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 1 BALLOT ISSUE I: (Debt for Traffic and Safety Controls) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 1 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 1 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING TRAFFIC AND SAFETY CONTROLS AND DEVICES ON STREETS AND HIGHWAYS AND AT RAILROAD CROSSINGS, TOGETHER WITH ALL NECESSARY, INCIDENTAL AND APPURTENANT FACILITIES, LAND AND EASEMENTS, AND ALL EXTENSIONS OF - AND IMPROVEMENTS TO SUCH FACILITIES WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: NO: Two (2) Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 1 BALLOT ISSUE J: (Debt for Mosquito Control) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 1 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 1 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, URNS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING IMPROVEMENTS TO PROVIDE FOR THE ELIMINATION AND CONTROL OF MOSQUITOES, TOGETHER WITH ALL NECESSARY, INCIDENTAL AND APPURTENANT FACILITIES, LAND AND EASEMENTS, AND ALL EXTENSIONS OF AND IMPROVEMENTS TO SUCH FACILITIES WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL.AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFIC I HNT TO PRODUCE. THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON TIS DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. I BALLOT ISSUE K: (Debt for Fire Protection) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 1 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 1 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING FIRE PROTECTION, TOGETHER WITH ALL NECESSARY, INCIDENTAL AND APPURTENANT FACILIT I I4,S, LAND AND EASEMENTS, AND ALL EXTENSIONS OF AND IMPROVEMENTS TO SUCH FACILITIES WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 1 BALLOT ISSUE L: (Debt for Refunding) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 1 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 1 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LI NNS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF REFUNDING, PAYING, OR DEFEASING, IN WHOLE OR IN PART, BONDS, NOTES, OR OTHER FINANCIAL OBLIGATIONS OF THE DISTRICT; SUCH DEBT TO BEAR INTEREST' AT A RATE TO BE DETERMINED BY THE DISTRICT BOARD, WHICH INTEREST RATE MAY BE HIGHER THAN THE INTEREST RATE BORNE BY THE OBLIGATIONS BEING REFUNDED BUT IN NO EVENT SHALL THE NET EFFECTIVE INTEREST RATE EXCEED 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; THE PRINCIPAL AMOUNT OF SUCH DEBT, TOGETHER WITH ALL OTHER DEBT OF THE DISTRICT AUTHORIZED BY ANY OTHER BALLOT QUESTION AND ALL DEBT ISSUED BY HAYMEADOW METROPOLITAN DISTRICT NOS. 2 TO 6, NOT TO EXCEED AN AGGREGATE OF $35,000,000; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING WITHOUT LIMITATION FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICE HNT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: Two (2) NO: • Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 1 BALLOT ISSUE M: (Intergovernmental Agreements with the State or Political Subdivisions) • SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 1 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 1 TAXES BE INCREASED $41,300,000 ANNUALLY, OR. BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT AND MULTIPLE-FISCAL YEAR OBLIGATIONS; SUCH DEBT AND OBLIGATIONS TO CONSIST OF ONE OR MORE INTERGOVERNMENTAL AGREEMENTS WITH THE STATE OR ANY POLITICAL SUBDIVISION OF THE STATE, INCLUDING THE TOWN OF EAGLE, COLORADO, AND HAYMEADOW METROPOLITAN DISTRICT NOS. 2 TO 6, FOR THE PURPOSE OF JOINTLY FINANCING THE COSTS OF ANY PUBLIC IMPROVEMENTS, FACILITIES, SYSTEMS, PROGRAMS, OR PROJECTS WHICH THE DISTRICT MAY LAWFULLY PROVIDE, OR FOR THE PURPOSE OF PROVIDING FOR THE OPERATIONS AND MAINTENANCE OF THE DISTRICT AND ITS FACILITIES AND PROPERTIES; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM THE DISTRICT'S OPERATING MILL LEVY IN AMOUNTS SUFFICIENT TO PRODUCE THE. ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY FOR THE PURPOSES SPECIFIED ABOVE; AND IN CONNECTION THEREWITH SHALL THE DISTRICT BE AUTHORIZED TO MAKE COVENANTS REGARDING THE ESTABLISHMENT AND USE OF AD VALOREM TAXES, RATES, FEES, TOLLS, PENALTIES, AND OTHER CHARGES OR REVENUES OF THE DISTRICT, AND COVENANTS, REPRESENTATIONS, AND WARRANTil-4:S AS TO OTHER MATTERS ARISING UNDER THE AGREEMENTS, ALL AS MAY BE DETERMINED BY THE BOARD OF DIRECTORS OF THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 1 BALLOT ISSUE N: (TABOR Exemption for Revenue) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 1 BE AUTHORIZED TO COLLECT, RETAIN, AND SPEND ANY AND ALL AMOUNTS ANNUALLY FROM'ANY REVENUE SOURCES WHATSOEVER (INCLUDING WITHOUT LIMITATION. ANY REVENUES FROM AD VALOREM PROPERTY TAXES, TAXES, SPECIFIC OWNERSHIP . TAXES,. FEES, RATES, TOLLS, PENALTIES, OR CHARGES, STATE, FEDERAL AND PRIVATE GRANTS AND GIFTS, OR ANY OTHER SOURCE); AND SHALL SUCH REVENUES BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER AS A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 1 BALLOT ISSUE 0: (Developer Agreements) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 1 BE AUTHORIZED TO ENTER INTO AGREEMENTS WITH ANY DEVELOPER OF PROPERTY IN THE DISTRICT FOR THE PURPOSE OF FINANCING THE COSTS OF ANY PUBLIC IMPROVEMENTS, FACILITIES, SYSTEMS, OR PROJECTS WHICH THE DISTRICT MAY LAWFULLY PROVIDE, WHICH AGREEMENTS MAY CONSTITUTE DEBT OR INDEBTEDNESS AND MULTIPLE-FISCAL YEAR OBLIGATIONS OF THE DISTRICT TO THE EXTENT PROVIDED THEREIN AND OTHERWISE AUTHORIZED BY LAW, AND IN CONNECTION THEREWITH SHALL THE DISTRICT BE AUTHORIZED TO AGREE TO PAY SPECIFIED REVENUES OF THE DISTRICT TO THE DEVELOPERS, TO MAKE COVENANTS REGARDING THE REVENUES OF THE DISTRICT, AND TO MAKE COVENANTS, REPRESENTATIONS, AND WARRANTIIiS AS TO OTHER MATTERS ARISING UNDER THE AGREEMENTS, ALL AS MAY BE DETERMINED BY THE BOARD OF DIRECTORS OF THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 1 BALLOT ISSUE P: (Mortgage of Property) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 1 BE AUTHORIZED TO ISSUE, CREATE, EXECUTE, AND DELIVER MORTGAGES, DEEDS OF TRUST, URNS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, WHETHER NOW OWNED OR HEREAFTER ACQUIRED, AND INCLUDING WITHOUT LIMITATION WATER AND WATER RIGHTS, SUCH ENCUMBRANCES OF THE DISTRICT AND OF HAYMEADOW METROPOLITAN DISTRICT NOS. 2 TO 6 TO BE IN THE AGGREGATE PRINCIPAL AMOUNT NOT TO EXCEED $35,000,000, PLUS INTEREST THEREON AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, ALL AS MAY BE DETERMINED BY THE BOARD OF DIRECTORS TO BE NECESSARY OR APPROPRIATE IN CONNECTION WITH THE ISSUANCE OF BONDS, NOTES, CONTRACTS, OR OTHER FINANCIAL OBLIGATIONS OF THE DISTRICT; SUCH ENCUMBRANCES TO BE CREATED. FOR THE PURPOSE OF PROVIDING ADDITIONAL SECURITY FOR DISTRICT FINANCIAL OBLIGATIONS, AND TO BE CREATED AT ONE TIME OR FROM TIME TO TIME; SUCH MORTGAGES, DEEDS OF TRUST, LIENS, OR OTHER ENCUMBRANCES TO ENTITLE THE OWNER OR BENEFICIARY THEREOF TO FORECLOSE UPON'AND TAKE TITLE TO AND POSSESSION OF THE DISTRICT PROPERTY SO ENCUMBERED, AND IN CONNECTION THEREWITH SHALL THE DISTRICT BE AUTHORIZED TO MAKE SUCH COVENANTS REGARDING THE USE OF THE ENCUMBERED PROPERTY AND OTHER MATTERS ARISING UNDER THE ENCUMBRANCE, ALL AS MAY BE DETERMINED BY THE BOARD OF DIRECTORS OF THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO.1 BALLOT QUESTION Q (Transportation Services) Shall the Haymeadow Metropolitan District No. 1 be authorized to provide transportation services and exercise the power to establish, maintain, and operate a system to transport the public by bus, rail, or any other means of convenience, or any combination thereof, within and without the District boundaries, but only within Eagle County, Colorado, within which the District is located? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO.1 BALLOT QUESTION R (Waiver of Tem]. Limits) Shall the limitations on terms of office of elected members of the Board of Directors of the Haymeadow Metropolitan District No. 1 be eliminated pursuant to Article XVIII, Section 11(2) of the Colorado Constitution? YES: Two (2) NO: Zero (0) on Judge It is hereby identified and specified that: Total Number of Ballots Delivered to Electors (including UOCAVA ballots): Total Number of Ballots Voted (including UOCAVA ballots): Number of Ballots Returned Undelivered: Number of Spoiled Ballots (Replacement Ballot issued): Number of Rejected Ballots: Number of Defective Ballots: Number of Substitute Ballots Voted: Number of Unofficial Ballots Voted: Total Number of Ballots Returned to Designated Election Official (including UOCAVA ballots): Certified this 4th day of November, 2014. Three (3) Two (2) Zero (0) One (1) Zero (0) Zero (0) Zero (0) Zero (0) Two (2) Election Judge CANVASS BOARD'S CER1114ICATE OF DE TERMINATION OF OFFICIAL ELECTION RESULTS FOR THE SPECIAL ORGANIZATION ELECTION HELD NOVEMBER 4, 2014 FOR THE HAYMEADOW METROPOLITAN DISTRICT NO.2 Each of the undersigned members of the Canvass Board of the Haymeadow Metropolitan District No. 2 ("District") certifies that the following is a true and correct determination of the official election results of the special organization election of the District, at which time the eligible electors of the District voted as indicated on the attached Judges' Certificate of Election Returns, and as a result of which the eligible electors elected to office the following Directors: Jens M. Werner Term to May, 2018 P.O. Box 2964 AvonZolorado_81670 Richard J. Pylman Term to May, 2018 P.O. Box 1195 Edwards, Colorado 81632 Vacancy Term to May, 2018 Vacancy Term to May, 2016 Vacancy Term to May, 2016 The votes cast for and against each ballot issue and ballot question submitted were as follows: HAYMEADOW METROPOLITAN DISTRICT NO.2 BALLOT QUESTION A: Shall Haymeadow Metropolitan District No. 2 be organized? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO.2 BALLOT ISSUE B: SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 2 TAXES BE INCREASED $50,000 ANNUALLY (FIRST FULL FISCAL YEAR INCREASE) AND BY SUCH OTHER AMOUNTS COLLECTED IN EACH YEAR THEREAFTER FROM A MILL LEVY IMPOSED AT A RATE NOT TO EXCEED 50.000 MILLS (WITH THE ACTUAL. MILL LEVY RATE FOR ANY FISCAL YEAR TO BE ADJUSTED DOWNWARDS OR UPWARDS BY THE BOARD OF DIRECTORS IN ITS DISCRETION) TO PAY THE DISTRICT'S ADMINISTRATION, OPERATIONS, MAINTENANCE, CAPITAL IMPROVEMENT AND. OTHER EXPENSES WITHOUT LIMITATION; PROVIDED THAT SUCH MILL LEVY MAY BE ADJUSTED (A) TO ACCOUNT FOR CHANGES IN THE LAW OR THE METHOD BY WHICH ASSESSED VALUATION IS CALCULATED, INCLUDING A {00416752.DOC /} CHANGE IN- THE PERCENTAGE OF ACTUAL VALUATION USED TO DETERMINE ASSESSED VALUATION, (B) TO OFFSET ANY PROPERTY TAX CUT OR LIMIT WHICH IS MANDATED BY ARTICLE X, SECTION 20 OR OTHER PROVISIONS OF THE COLORADO CONSTITUTION, AS IT CURRENTLY EXISTS OR AS IT MAY BE AMENDED, AND (C) TO OFFSET REFUNDS AND ABATEMENTS; AND SHALL THE PROCEEDS OF SUCH TAXES AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION, SECTION 29-1-301, C.R.S., OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: NO: Two (2) Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 2 BALLOT ISSUE C: (Debt for Parks and Recreation) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 2 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 2 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING PARKS AND RECREATION IMPROVEMENTS AND PROGRAMS AS AUTHORIZED BY LAW, INCLUDING WITHOUT LIMITATION PARKS, TRAILS, PATHS AND OPEN SPACE, TOGETHER WITH ALL NECESSARY, INCIDENTAL AND APPURTENANT FACILITIES, LAND AND EASEMENTS, AND ALL EXTENSIONS OF AND IMPROVEMENTS TO SUCH FACILITIES WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL {00416752.DOC I) LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN MW--YEAR---THE-AMOLINT-OF-OT4=IER-REVENUES-THAT-MAY-B&COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: NO: Two (2) Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 2 BALLOT ISSUE D: (Debt for Drainage) SHALL HAYMEADOW METROPOLITAN DISTRICT NO.2 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO.2 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING A STORMWATER MANAGEMENT SYSTEM, INCLUDING WITHOUT LIMITATION STORMWATER, SEWER, FLOOD AND SURFACE DRAINAGE FACILITIES AND SYSTEMS, DETENTION/RETENTION PONDS AND ASSOCIATED DRAINAGE FACILITIES, TOGETHER WITH ALL NECESSARY, INCIDENTAL AND APPURTENANT FACILITIES, LAND AND EASEMENTS, AND ALL EXTENSIONS OF AND IMPROVEMENTS TO SUCH FACILITIES WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN {00416752.DOC EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, RE- . G, OR-OTHER LIMITATION-COINLTAINED-WITHIN-ART-ICLE-X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: NO: Two (2) Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO.2 BALLOT ISSUE E: (Debt for Street Improvements) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 2 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO.2 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING STREET, ROADWAY AND RELATED LANDSCAPING IMPROVEMENTS, INCLUDING CURBS, GUTTERS, CULVERTS, AND OTHER DRAINAGE FACILITIES, PEDESTRIAN WAYS, BRIDGES, ALLEYS, PARKING FACILITIES, PAVING, LIGHTING, GRADING, LANDSCAPING, IRRIGATION, AND STRUCTURES; AND STREET-RELATED ELECTRIC, TELEPHONE, AND GAS; TOGETHER WITH ALL NECESSARY, INCIDENTAL, AND APPURTENANT FACILITIES, LAND AND EASEMENTS, AND ALL EXTENSIONS OF AND IMPROVEMENTS TO SAID FACILITi ES WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTWE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR {00416752.DOC EQUAL TO'l HE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINE-D-AND-SPENT-13-Y-TRE-DISTRICT-IN-FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO.2 BALLOT ISSUE F: (Debt for Water) SHALL HAYMEADOW METROPOLITAN DISTRICT NO.2 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO.2 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LI KNS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING COMPLETE POTABLE WATER SYSTEM AND A COMPLETE NONPOTABLE IRRIGATION WATER SYSTEM, INCLUDING BUT NOT LIMITED TO, WATER RIGHTS, WATER SUPPLY, TREATMENT, STORAGE, TRANSMISSION AND DISTRIBUTION SYSTEMS FOR PUBLIC OR PRIVATE PURPOSES, TOGETHER WITH ALL NECESSARY AND PROPER RESERVOIRS, TREATMENT WORKS AND FACILITIES, WELLS, WATER RIGHTS, EQUIPMENT AND APPURTENANCES INCIDENT THERETO WHICH MAY INCLUDE, BUT SHALL NOT BE LIMITED TO, TRANSMISSION LINES, DISTRIBUTION MAINS AND LATERALS, STORAGE FACILITIES, LAND AND EASEMENTS, TOGETHER WITH 00416752.r:0C /} EXTENSIONS OF AND IMPROVEMENTS TO SAID FACILITY FS OR SYSTEMS WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE-DETERMINED BY-T-FIE-DISTRICT-BOARDAND IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: NO: Two (2) Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 2 BALLOT ISSUE G: (Debt for Sewer) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 2 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 2 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING SANITARY SEWERS, WASTEWATER TREATMENT AND DISPOSAL WORKS AND FACILITIES, WATER QUALITY FACILITIES, EQUIPMENT AND APPURTENANCES INCIDENT (00416752.DOC 477P'?'1 THERETO, TOGETHER WITH:ALL NECESSARY, INCIDENTAL AND APPURTENANT FACILITIES, LAND AND EASEMENTS, AND ALL NECESSARY EXTENSIONS OF AND IMPROVEMENTS TO SAID FACILITIES OR SYSTEMS WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE-DIS-TRICTINGLUDING-FROM-A-MIL-L-LE-W—IMPOSED-WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFIC I RNT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LEVITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO.2 BALLOT ISSUE H: (Debt for Transportation) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 2 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO.2 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING A SYSTEM TO TRANSPORT THE PUBLIC BY BUS, RAIL, OR ANY OTHER MEANS OF f00416752.DOC I) '3"=-=•-n CONVEYANCE, OR ANY COMBINATION THEREOF, TOGETHER WITH ALL NECESSARY, INCIDENTAL AND APPURTENANT FACILITIES, LAND AND EASEMENTS, AND ALL EXTENSIONS OF AND IMPROVEMENTS TO SUCH FACILITIES WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY—AVAILABLE-MONEYS OF THE-DISTRICT, INCLUDING FROM-A. MILL-- LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN- ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: NO: Two (2) Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO.2 BALLOT ISSUE I: (Debt for Traffic and Safety Controls) SHALL HAYMEADOW METROPOLITAN DISTRICT NO.2 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO.2 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING TRAFFIC (00416752.DOC I) AND SAFETY CONTROLS AND DEVICES ON STREETS AND HIGHWAYS AND AT RAILROAD CROSSINGS, TOGETHER WITH ALL NECESSARY, INCIDENTAL AND APPURTENANT FACILIT IFS, LAND AND EASEMENTS, AND ALL EXTENSIONS OF AND IMPROVEMENTS TO SUCH FACILID KS WITHIN AND WITHOUT THE BOUNDARIES OF TILE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED;SUCH-DBBT-TO-BE-P-AID,FROM-ANY-LEGALLY-AV.AILABLE- MONEYS OF THE DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICE HNT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM ll ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO.2 BALLOT ISSUE J: (Debt for Mosquito Control) SHALL HAYMEADOW METROPOLITAN DISTRICT NO.2 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO.2 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, .ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING (00416752.DOC /} IMPROVEMENTS. TO PROVIDE FOR THE ELIMINATION AND CONTROL OF MOSQUITOES, TOGETHER WITH ALL NECESSARY, INCIDENTAL AND APPURTENANT FACILITIES, LAND AND EASEMENTS, AND ALL EXTENSIONS OF AND IMPROVEMENTS TO SUCH FACILITIES WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED;-SUCH-DEBT-TO-BE-P-AID FROM ANY LEGALLY AVAILABLE-MONEYS OF THE DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, . AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: NO: Two (2) Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 2 BALLOT ISSUE K: (Debt for Fire Protection) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 2 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 2 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING FIRE (00416752.DOC PROTECTION, TOGETHER WITH ALL NECESSARY, INCIDENTAL AND APPURTENANT FACILITY ES, LAND AND EASEMENTS, AND ALL EXTENSIONS OF AND IMPROVEMENTS TO SUCH FACILIT) NS WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING-FROM A-MIL-I, LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: NO: Two (2) Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO.2 BALLOT ISSUE L: (Debt for Refunding) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 2 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO.2 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LI ENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF REFUNDING, PAYING, OR DEFEASING, IN WHOLE OR IN PART, BONDS, NOTES, OR OTHER FINANCIAL OBLIGATIONS OF THE DISTRICT; SUCH DEBT TO BEAR INTEREST AT A RATE TO BE DETERMINED BY THE DISTRICT BOARD, WHICH INTEREST RATE MAY BE HIGHER THAN THE {.00416752.DOC/} INTEREST RATE BORNE BY THE OBLIGATIONS BEING REFUNDED BUT IN NO EVENT SHALL THE NET EFFECTIVE INTEREST RATE EXCEED 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; THE PRINCIPAL AMOUNT OF SUCH DEBT, TOGETHER WITH ALL OTHER DEBT OF THE DISTRICT AUTHORIZED BY ANY OTHER BALLOT QUESTION AND ALL DEBT ISSUED BY HAYMEADOW METROPOLITAN DISTRICT NOS. 1 AND 3 TO 6, NOT TO EXCEED AN AGGREGATE OF $35,000,000; SUCH DEBT -TO -BE-P-AID-FROM-ANY-LEG-ALLY-AV-AIL-A-BLE-MONEY-S-OF-THE-DISTRICT, INCLUDING WITHOUT LIMITATION FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO.2 BALLOT ISSUE M: (Intergovernmental Agreements with the State or Political Subdivisions) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 2 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO.2 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT AND MULTIPLE-FISCAL YEAR OBLIGATIONS; SUCH DEBT AND OBLIGATIONS TO CONSIST OF ONE OR MORE INTERGOVERNMENTAL AGREEMENTS WITH THE STATE OR ANY POLITICAL SUBDIVISION OF THE STATE, INCLUDING THE TOWN OF EAGLE, COLORADO, AND HAYMEADOW METROPOLITAN DISTRICT NOS. 1 AND 3 TO 6, FOR THE PURPOSE OF JOINTLY FINANCING THE COSTS OF ANY PUBLIC IMPROVEMENTS, FACILITIES, SYSTEMS, PROGRAMS, OR PROJECTS WHICH THE DISTRICT MAY LAWFULLY PROVIDE, OR {00416752.DOC /} FORME PURPOSE OF PROVIDING FOR THE OPERATIONS AND MAINTENANCE OF THE DISTRICT AND ITS FACILITIES AND PROPERTIES; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM THE DISTRICT'S OPERATING MILL LEVY IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET-FORTH ABOVE OR SUCH LESSER.AMOUNT AS MAY BE NECESSARY FOR THE PURPOSES SPECIFIED ABOVE; AND IN CONNECTION THEREWITH SHALL THE DISTRICT BE AUTHORIZED TO MAKE COVENANTS REGARDING THE ESTABLISHMENT AND USE OF AD VALOREM TAXES,.RATES; . FEES, TOLLS, PENALTIES, AND OTHER CHARGES OR REVENUES OF THE DISTRICT; AND COVENANTS, REPRESENTATIONS, AND WARRANTIES AS TO OTHER. . MATTERS ARISING UNDER THE AGREEMENTS, ALL AS MAY BE DETERMINED BY THE BOARD OF DIRECTORS OF THE DISTRICT? YES: Two (2) NO: Zero (0) HAYIVIEADOW METROPOLITAN DISTRICT NO.2 BALLOT ISSUE N: (TABOR Exemption for Revenue). SHALL HAYMEADOW METROPOLITAN DISTRICT NO.2 BE AUTHORIZED TO COLLECT, RETAIN, AND SPEND ANY AND ALL AMOUNTS ANNUALLY FROM ANY REVENUE SOURCES WHATSOEVER (INCLUDING WITHOUT LIMITATION ANY REVENUES FROM AD VALOREM PROPERTY TAXES, TAXES, SPECIFIC OWNERSHIP TA)MS, FEES, RATES, TOLLS, PENALTIES, OR CHARGES; STATE, FEDERAL AND PRIVATE GRANTS AND*GIFTS, OR ANY OTHER SOURCE); AND SHALL SUCH REVENUES BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER AS A VOTER-APPROVED " REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING. IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? 1 YES: One (1) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO.2 BALLOT ISSUE 0: (Developer Agreements) SHALL HAYMEADOW METROPOLITAN DISTRICT NO 2 BE AUTHORIZED TO ENTER INTO AGREEMENTS WITH ANY DEVELOPER OF PROPERTY IN THE DISTRICT FOR THE PURPOSE OF FINANCING THE COSTS OF ANY PUBLIC IMPROVEMENTS, FACILIT I ES, SYSTEMS, OR PROJECTS WHICH THE DISTRICT MAY LAWFULLY PROVIDE, WHICH AGREEMENTS MAY CONSTITUTE DEBT OR INDEBTEDNESS AND MULTIPLE-FISCAL YEAR OBLIGATIONS OF THE DISTRICT TO THE EXTENT PROVIDED THEREIN AND OTHERWISE AUTHORIZED BY LAW, AND IN {00416752.DOC /} • CONNECTION THEREWITH SHALL THE DISTRICT BE AUTHORIZED TO AGREE TO PAY SPECIE' (-D REVENUES. OF THE DISTRICT TO THE DEVELOPERS, TO MAKE COVENANTS REGARDING THE REVENUES OF THE DISTRICT, AND TO MAKE COVENANTS, REPRESENTATIONS, AND WARRANT I FS AS TO OTHER MATTERS ARISING UNDER THE AGREEMENTS, ALL AS MAY BE DETERMINED BY THE BOARD OF DIRECTORS OF THE DISTRICT? YES: NO: Two (2) Zero (0) ITAYMEADOW METROPOLITAN DISTRICT NO. 2 BALLOT ISSUE P: (Mortgage of Property) SHALL HAYMEADOW METROPOLITANDISTRICT NO. 2 BE AUTHORIZED TO ISSUE, CREATE, EXECUTE, AND DELIVER MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, WHETHER NOW OWNED OR HEREAFTER ACQUIRED, AND INCLUDING WITHOUT LIMITATION WATER AND WATER RIGHTS, SUCH ENCUMBRANCES OF' THE DISTRICT AND OF HAYMEADOW METROPOLITAN DISTRICT NOS. 1 AND 3 TO 6 TO BE IN THE AGGREGATE PRINCIPAL AMOUNT NOT TO EXCEED $35,000,000, PLUS INTEREST THEREON AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% • PER ANNUM, ALL AS MAY BE DETERMINED BY THE BOARD OF DIRECTORS TO BE NECESSARY OR APPROPRIATE IN CONNECTION WITH THE ISSUANCE OF BONDS, NOTES, CONTRACTS, OR OTHER FINANCIAL OBLIGATIONS OF THE DISTRICT; SUCH ENCUMBRANCES TO BE CREATED FOR THE PURPOSE OF PROVIDING ADDITIONAL SECURITY FOR DISTRICT FINANCIAL OBLIGATIONS, AND TO BE CREATED AT ONE TIME OR FROM TIME TO TIME; SUCH MORTGAGES, DEEDS OF TRUST, LIENS, OR OTHER ENCUMBRANCES TO ENTITLE THE OWNER OR BENEFICIARY THEREOF TO FORECLOSE UPON AND TAKE TITLE TO AND POSSESSION OF THE DISTRICT PROPERTY SO ENCUMBERED, AND IN CONNECTION THEREWITH SHALL THE DISTRICT BE AUTHORIZED TO MAKE SUCH COVENANTS REGARDING THE USE OF THE ENCUMBERED PROPERTY AND OTHER MATTERS ARISING UNDER THE ENCUMBRANCE, ALL AS MAY BE DETERMINED BY THE BOARD OF DIRECTORS OF THE DISTRICT? YES: Two (2) NO: Zero (0 {00416752.DOC YES: NO: CERTIFIED this 5th day of Novembe ed El ction Official Canv Canvasser Des' Two (2) Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 1 BALLOT QUESTION 0 (Transportation Services) Shall the Haymeadow Metropolitan District No. 1 be authorized to provide transportation services and exercise the power to establish, maintain, and operate a system to transport the public by bus, rail, or any other means of convenience, or any combination thereof; within and without the District boundaries, but only within Eagle County, Colorado, within which the District is located? YES: NO: Two (2) Zero (0) HAYMEADOW-METROPOLIT-AN-DISTRICT-Na.--1-BALLOT- QUESTION-R. (Waiver of Teim Limits) • Shall the limitations on. terms of office of elected members of the Board of Directors of the Haymeadow Metropolitan District No. 1 be eliminated pursuant to Article XVIII, Section 11(2) of the Colorado Constitution? Contact Person for District: Business Address: Telephone Number: David A. Greher Collins Cockrel & Cole 390 Union Boulevard, Suite 400 Denver, Colorado 80228 (303) 986-1551 {00416722.DOC /} EXHIBIT A (Attach Judges' Certificate of Election Returns) {00416752.D0C I) JUDGES' CERTIFICATE OF MAIL BALLOT ELECTION RETURNS AND STATEMENT OF BALLOTS FOR HAYMEADOW METROPOLITAN DISTRICT NO.2 IT IS HEREBY CERTIFIED by the undersigned, who conducted the mail ballot election held in the Haymeadow Metropolitan District No. 2, in Eagle County, Colorado, on the 4th day of November, 2014, that after qualifying by swearing and subscribing to their Oaths of Office, they opened the polls at 7:00 a.m., and that they kept the polls open continuously until the hour of 7:00 p.m. on such date, after which they counted the ballots cast for Directors of the District and for the ballot issues and ballot questions submitted in accordance with the Colorado Local Government Election Code. That the votes cast for Director of the District to act until the first regular election in May, 2016: CANDIDATE FOR DIRECTOR There were no candidates That the votes cast for Director of the District to act until the second regular election in May, 2018: CANDIDATE FOR DIRECTOR NUMBER OF VOTES CAST Jens M. Werner Two (2) Richard Pylman Two (2) That the votes cast for and against the ballot questions and ballot issues submitted were as follows: HAYMEADOW METROPOLITAN DISTRICT NO.2 BALLOT QUESTION A: Shall Haymeadow Metropolitan District No. 2 be organized? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO.2 BALLOT ISSUE B: SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 2 TAXES BE INCREASED $50,000 ANNUALLY (FIRST FULL FISCAL YEAR INCREASE) AND BY SUCH OTHER AMOUNTS COLLECTED IN EACH YEAR THEREAFTER FROM A MILL LEVY IMPOSED AT A RATE NOT TO EXCEED 50.000 MILLS (WITH THE ACTUAL MILL • LEVY RATE FOR ANY FISCAL YEAR TO BE ADJUSTED DOWNWARDS OR UPWARDS BY THE BOARD OF DIRECTORS IN ITS DISCRETION) TO PAY THE DISTRICT'S ADMINISTRATION, OPERATIONS, MAINTENANCE, CAPITAL IMPROVEMENT AND OTHER EXPENSES WITHOUT LIMITATION; PROVIDED THAT SUCH MILL LEVY MAY BE ADJUSTED (A) TO ACCOUNT FOR CHANGES IN THE LAW OR THE METHOD BY WHICH ASSESSED VALUATION IS CALCULATED, INCLUDING A CHANGE IN THE PERCENTAGE OF ACTUAL VALUATION USED TO DETERMINE ASSESSED VALUATION, (B) TO OFFSET ANY PROPERTY TAX CUT OR LIMIT WHICH IS MANDATED BY ARTICLE X, SECTION 20 OR OTHER PROVISIONS OF THE COLORADO CONSTITUTION, AS IT CURRENTLY EXISTS OR AS IT MAY BE AMENDED, AND (C) TO OFFSET REFUNDS AND ABATEMENTS; AND SHALL THE PROCEEDS OF SUCH TAXES AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION, SECTION 29-1-301, C.R.S., OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: NO: Two (2) Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 2 BALLOT ISSUE C: (Debt for Parks and Recreation) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 2 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 2 TAXES BE INCREASED $41,300,000 ANNUALLY,. OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, Li FNS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING PARKS AND RECREATION IMPROVEMENTS AND PROGRAMS AS AUTHORIZED BY LAW, INCLUDING WITHOUT LIMITATION PARKS, TRAILS, PATHS AND OPEN SPACE, TOGETHER WITH ALL NECESSARY, INCIDENTAL AND APPURTENANT FACILITIES, LAND AND EASEMENTS, AND ALL EXTENSIONS OF AND IMPROVEMENTS TO SUCH FACILITIES WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF -RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 2 BALLOT ISSUE D: (Debt for Drainage) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 2 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 2 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING A STORMWATER MANAGEMENT SYSTEM, INCLUDING WITHOUT LIMITATION STORMWATER, SEWER, FLOOD AND SURFACE DRAINAGE FACILITIES AND SYSTEMS, DETENTION/RETENTION PONDS AND ASSOCIATED DRAINAGE FACILITIES, TOGETHER WITH ALL NECESSARY, INCIDENTAL AND APPURTENANT FACILITIES, LAND AND EASEMENTS, AND ALL EXTENSIONS OF AND IMPROVEMENTS TO SUCH FACILITIES WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID PROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING • -T--• FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO.2 BALLOT ISSUE E: (Debt for Street Improvements) SHALL HAYMEADOW METROPOLITAN DISTRICT NO.2 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO.2 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING STREET, ROADWAY AND RELATED LANDSCAPING IMPROVEMENTS, INCLUDING CURBS, GUTTERS, CULVERTS, AND OTHER DRAINAGE FACILIT i HS, PEDESTRIAN WAYS, BRIDGES, ALLEYS, PARKING FACILITIES, PAVING, LIGHTING, GRADING, LANDSCAPING, IRRIGATION, AND STRUCTURES; AND STREET-RELATED ELECTRIC, TELEPHONE, AND GAS; TOGETHER WITH ALL NECESSARY, INCIDENTAL, AND APPURTENANT FACILITIES, LAND AND EASEMENTS, AND ALL EXTENSIONS OF AND IMPROVEMENTS TO SAID FACILITIES WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR' WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: NO: Two (2) Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO.2 BALLOT ISSUE F: (Debt for Water) SHALL HAYMEADOW METROPOLITAN DISTRICT NO.2 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO.2 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST,' LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING COMPLETE POTABLE WATER SYSTEM AND A COMPLETE NONPOTABLE IRRIGATION WATER SYSTEM, INCLUDING BUT NOT LIMITED TO, WATER RIGHTS, WATER SUPPLY, TREATMENT, STORAGE, TRANSMISSION AND DISTRIBUTION SYSTEMS FOR PUBLIC OR PRIVATE PURPOSES, TOGETHER WITH ALL NECESSARY AND PROPER RESERVOIRS, TREATMENT WORKS AND FACILITIES, WELLS, WATER RIGHTS, EQUIPMENT AND APPURTENANCES INCIDENT THERETO WHICH MAY INCLUDE, BUT SHALL NOT BE LIMITED TO, TRANSMISSION LINES, DISTRIBUTION MAINS AND LATERALS, STORAGE FACILITIES, LAND AND EASEMENTS, TOGETHER WITH EXTENSIONS OF AND IMPROVEMENTS TO SAID FACILITIES OR SYSTEMS WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD,. SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: NO: HAYMEADOW METROPOLITAN DISTRICT NO.2 BALLOT ISSUE G: (Debt for Sewer) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 2 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO.2 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LI ENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING SANITARY SEWERS, WASTEWATER TREATMENT AND DISPOSAL WORKS AND FACILITIES, WATER QUALITY FACILITIES, EQUIPMENT AND APPURTENANCES INCIDENT THERETO, TOGETHER: WITH ALL NECESSARY, INCIDENTAL AND APPURTENANT FACILITIES, LAND AND EASEMENTS, AND ALL NECESSARY EXTENSIONS OF AND IMPROVEMENTS TO SAID FACILITIES OR SYSTEMS WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET Two (2) Zero (0) • EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH:INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: NO: Two (2) Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO.2 BALLOT ISSUE H: (Debt for Transportation) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 2 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO.2 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING A SYSTEM TO TRANSPORT THE PUBLIC BY BUS, RAIL, OR ANY OTHER MEANS OF CONVEYANCE, OR ANY COMBINATION THEREOF, TOGETHER WITH ALL NECESSARY, INCIDENTAL AND APPURTENANT FACILITIES, LAND AND EASEMENTS, AND ALL EXTENSIONS OF AND IMPROVEMENTS TO SUCH FACILITIES WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: NO: Two (2) • Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO-2 BALLOT ISSUE I: (Debt for Traffic and Safety Controls) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 2 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 2 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING TRAFFIC AND SAFETY CONTROLS AND DEVICES ON STREETS AND HIGHWAYS AND AT RAILROAD CROSSINGS, TOGETHER WITH ALL NECESSARY, INCIDENTAL AND APPURTENANT FACILITIES, LAND AND EASEMENTS, AND ALL EXTENSIONS OF AND IMPROVEMENTS TO SUCH FACILITIES WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE ArsucH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION ORANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO.2 BALLOT ISSUE J: (Debt for Mosquito Control) SHALL HAYMEADOW METROPOLITAN DISTRICT NO.2 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO.2 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL .AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING IMPROVEMENTS TO PROVIDE FOR THE ELIMINATION AND CONTROL OF MOSQUITOES, TOGETHER WITH ALL NECESSARY, INCIDENTAL AND APPURTENANT FACILITIES, LAND AND EASEMENTS, AND ALL EXTENSIONS OF AND IMPROVEMENTS TO SUCH FACILIT I HS WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND -PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT -BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFIC1T TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE' COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: NO: Two (2) Zero (0) IlAYIVIEADOW METROPOLITAN DISTRICT NO. 2 BALLOT ISSUE K: (Debt for Fire Protection) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 2 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 2 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING FIRE PROTECTION, TOGETHER WITH ALL NECESSARY, INCIDENTAL AND APPURTENANT FACILITIES, LAND AND EASEMENTS, AND ALL EXTENSIONS OF AND IMPROVEMENTS TO SUCH FACILITIES WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF. THE DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO.2 BALLOT ISSUE L: (Debt for Refunding) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 2 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO.2 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF REFUNDING, PAYING, OR DEFEASING, IN WHOLE OR IN PART, BONDS, NOTES, OR OTHER FINANCIAL OBLIGATIONS OF THE DISTRICT; SUCH DEBT TO BEAR INTEREST AT A RATE TO BE DETERMINED BY THE DISTRICT BOARD, WHICH INTEREST RATE. MAY BE HIGHER THAN THE INTEREST RATE BORNE BY THE OBLIGATIONS BEING REFUNDED BUT IN NO EVENT SHALL THE NET EFFECTIVE INTEREST RATE EXCEED 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; THE PRINCIPAL AMOUNT OF SUCH DEBT, TOGETHER WITH ALL OTHER DEBT OF THE DISTRICT AUTHORIZED BY ANY OTHER BALLOT QUESTION AND ALL DEBT ISSUED BY HAYMEADOW METROPOLITAN DISTRICT NOS. 1 AND 3 TO 6, NOT TO EXCEED AN AGGREGATE OF $35,000,000; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING WITHOUT LIMITATION FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE. USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: NO: Two (2) Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 2 BALLOT ISSUE M: (Intergovernmental Agreements with the State or Political Subdivisions) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 2 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 2 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT AND MULTIPLE-FISCAL YEAR OBLIGATIONS; SUCH DEBT AND OBLIGATIONS TO CONSIST OF ONE OR MORE INTERGOVERNMENTAL AGREEMENTS WITH THE STATE OR ANY POLITICAL SUBDIVISION OF THE STATE, INCLUDING THE TOWN OF EAGLE, COLORADO, AND HAYMEADOW METROPOLITAN DISTRICT NOS. 1 AND 3 TO 6, FOR THE PURPOSE OF JOINTLY FINANCING THE COSTS OF ANY PUBLIC IMPROVEMENTS, FACILID ES, SYSTEMS, PROGRAMS, OR PROJECTS WHICH THE DISTRICT MAY LAWFULLY PROVIDE, OR FOR THE PURPOSE OF PROVIDING FOR THE OPERATIONS AND MAINTENANCE OF THE DISTRICT AND ITS FACILITIES AND PROPERTIES; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM THE DISTRICT'S OPERATING MILL LEVY IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY FOR THE PURPOSES SPECIFIED ABOVE; AND IN CONNECTION THEREWITH SHALL THE DISTRICT BE AUTHORIZED TO MAKE COVENANTS REGARDING THE ESTABLISHMENT AND USE OF AD VALOREM TAXES, RATES, FEES, TOLLS, PENALTIES, AND OTHER CHARGES OR REVENUES OF THE DISTRICT, AND COVENANTS, REPRESENTATIONS, AND WARRANTIES AS TO OTHER MATTERS ARISING UNDER THE AGREEMENTS, ALL AS MAY BE DETERMINED BY THE BOARD OF DIRECTORS OF THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 2 BALLOT ISSUE N: (TABOR Exemption for Revenue) SHALL HAYMEADOW METROPOLITAN DISTRICT NO.2 BE AUTHORIZED TO COLLECT, RETAIN, AND SPEND ANY AND ALL AMOUNTS ANNUALLY FROM ANY REVENUE SOURCES WHATSOEVER (INCLUDING WITHOUT LIMITATION ANY REVENUES FROM AD VALOREM PROPERTY TAXES, TAXES, SPECIFIC OWNERSHIP TAXES, FEES, RATES, TOLLS, PENALTIES, OR CHARGES, STATE, FEDERAL AND PRIVATE GRANTS AND GIFTS, OR ANY OTHER SOURCE); AND SHALL SUCH REVENUES BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER AS A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: NO: One (1) Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO.2 BALLOT ISSUE 0: (Developer Agreements) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 2 BE AUTHORIZED TO ENTER INTO AGREEMENTS WITH ANY DEVELOPER OF PROPERTY IN THE DISTRICT FOR THE PURPOSE OF FINANCING THE COSTS OF ANY PUBLIC IMPROVEMENTS, FACILITIES, SYSTEMS, OR PROJECTS WHICH THE DISTRICT MAY LAWFULLY PROVIDE, WHICH AGREEMENTS MAY CONSTITUTE DEBT OR INDEBTEDNESS AND MULTIPLE-FISCAL YEAR OBLIGATIONS OF THE DISTRICT TO THE EXTENT PROVIDED THEREIN AND OTHERWISE AUTHORIZED BY LAW, AND IN CONNECTION THEREWITH SHALL THE DISTRICT BE AUTHORIZED TO AGREE TO PAY SPECIFIRD REVENUES OF THE DISTRICT TO THE DEVELOPERS, TO MAKE COVENANTS REGARDING THE REVENUES OF THE DISTRICT, AND TO MAKE COVENANTS, REPRESENTATIONS, AND WARRANTIES AS TO OTHER MATTERS ARISING UNDER THE AGREEMENTS, ALL AS MAY BE DETERMINED BY THE . BOARD OF DIRECTORS OF THE DISTRICT? YES: NO: Two (2) Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO.2 BALLOT ISSUE P: (Mortgage of Property) SHALL HAYMEADOW METROPOLITAN DISTRICT NO.2 BE AUTHORIZED TO ISSUE, CREATE, EXECUTE, AND DELIVER MORTGAGES, DEEDS OF TRUST, LI I-NS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, • WHETHER NOW OWNED OR HEREAFTER ACQUIRED, AND INCLUDING WITHOUT LIMITATION WATER AND WATER RIGHTS, SUCH ENCUMBRANCES OF THE DISTRICT AND OF HAYMEADOW METROPOLITAN DISTRICT NOS. 1 AND 3 TO 6 TO BE IN THE AGGREGATE PRINCIPAL AMOUNT NOT TO EXCEED $35,000,000, PLUS INTEREST THEREON AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, ALL AS MAY BE DETERMINED BY THE BOARD OF DIRECTORS TO BE NECESSARY OR APPROPRIATE IN CONNECTION WITH THE ISSUANCE OF BONDS, NOTES, CONTRACTS, OR OTHER FINANCIAL OBLIGATIONS OF THE DISTRICT; SUCH ENCUMBRANCES TO BE CREATED FOR THE PURPOSE OF PROVIDING ADDITIONAL SECURITY FOR DISTRICT FINANCIAL OBLIGATIONS, AND TO BE CREATED AT ONE TIME OR FROM TIME TO TIME; SUCH MORTGAGES, DEEDS OF TRUST, LIENS, OR OTHER ENCUMBRANCES TO ENTITLE THE OWNER OR BENEFICIARY THEREOF TO FORECLOSE UPON AND TAKE TITLE TO AND POSSESSION OF THE DISTRICT PROPERTY SO ENCUMBERED, AND IN CONNECTION THEREWITH SHALL THE DISTRICT BE AUTHORIZED TO MAKE SUCH COVENANTS REGARDING THE USE OF THE ENCUMBERED PROPERTY AND OTHER MATTERS ARISING UNDER THE ENCUMBRANCE, ALL AS MAY BE DETERMINED BY THE BOARD OF DIRECTORS OF THE DISTRICT? YES: NO: Two (2) Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO.2 BALLOT QUESTION Q (Transportation Services) Shall the Haymeadow Metropolitan District No. 2 be authorized to provide transportation services and exercise the power to establish, maintain, and operate a system to transport the public by bus, rail, or any other means of convenience, or any combination thereof, within and without the District boundaries, but only within Eagle County, Colorado, within which the District is located? YES: Two (2) NO: Zero (0) HAYIVIEADOW METROPOLITAN DISTRICT NO. 2 BALLOT QUESTION R (Waiver of Term Limits) Shall the limitations on teaus of.office of elected members of the Board of Directors of the Haymeadow Metropolitan District No. 2 be eliminated pursuant to Article XVIII, Section 11(2) of the Colorado Constitution? YES: Two (2) NO: Zero (0) It is hereby identified and specified that: Total Number of Ballots Delivered to Electors (including UOCAVA ballots): Total Number of Ballots Voted (including UOCAVA ballots): Number of Ballots Returned Undelivered: Number of Spoiled Ballots (Replacement Ballot issued): Number of Rejected Ballots: Number of Defective Ballots: Number of Substitute Ballots Voted:' Number of Unofficial Ballots Voted: Total Number of Ballots Returned to Designated Election Official (including UOCAVA ballots): Certified this 4th day of November, 2014. Three (3) Two (2) Zero (0) One (1) Zero' (0) Zero (0) Zero (0) Zero (0) Two (2) CANVASS BOARD'S CERTIFICATE OF DETERMINATION OF OFFICIAL ELECTION RESULTS FORTH F. SPECIAL ORGANIZATION ELECTION YIELD NOVEMBER 4, 2014 FOR THE HAYMEADOW METROPOLITAN DISTRICT NO.3 Each of the undersigned members of the Canvass Board of the Haymeadow Metropolitan District No. 3 ("District") certifies that the following is a true and correct determination of the official election results of the special organization election of the District, at which time the eligible electors of the District voted as indicated on the attached Judges' Certificate of Election Returns, and as a result of which the eligible electors elected to office the following Directors: Jens M. Werner Term to May, 2018 P.O. Box 2964 Avon, Colorado 81620 Richard J. Pylman Term to May, 2018 P.O. Box 1195 . • Edwards, Colorado 81632 Vacancy Term to May, 2018 Vacancy Term to May, 2016 Vacancy Term to May, 2016 The votes cast for and against each ballot issue and ballot question submitted were as follows: HAYMEADOW METROPOLITAN DISTRICT NO.3 BALLOT QUESTION A: Shall Haymeadow Metropolitan District No 3 be organized? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO.3 BALLOT ISSUE B: SHALL HAYMEADOW METROPOLITAN DISTRICT NO 3 TAXES BE INCREASED $50,000 ANNUALLY (FIRST FULL FISCAL YEAR INCREASE) AND BY SUCH OTHER AMOUNTS COLLECTED IN EACH YEAR THEREAFTER FROM A MILL LEVY IMPOSED AT A RATE NOT TO EXCEED 50.000 MILLS (WITH THE ACTUAL MILL LEVY RATE FOR ANY FISCAL YEAR TO BE ADJUSTED DOWNWARDS OR UPWARDS BY THE BOARD OF DIRECTORS IN ITS DISCRETION) TO PAY THE DISTRICT'S ADMINISTRATION, OPERATIONS, MAINTENANCE, CAPITAL IMPROVEMENT AND OTHER EXPENSES WITHOUT LIMITATION; PROVIDED THAT SUCH MILL LEVY MAY BE ADJUSTED (A) TO ACCOUNT FOR CHANGES IN THE LAW OR THE METHOD BY WHICH ASSESSED VALUATION IS CALCULATED, INCLUDING A {00416758.DOC I} . CHANGE IN THE PERCENTAGE OF ACTUAL VALUATION USED TO DETERMINE ASSESSED VALUATION, (B) TO OFFSET ANY PROPERTY TAX CUT OR LIMIT WHICH IS MANDATED BY ARTICLE X, SECTION 20 OR OTHER PROVISIONS OF THE COLORADO CONSTITUTION, AS IT CURRENTLY EXISTS OR AS IT MAY BE AMENDED, AND (C) TO OFFSET REFUNDS AND ABATEMENTS; AND SHALL THE PROCEEDS OF SUCH TAXES AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION, SECTION 29-1-301, C.R.S., OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 3 BALLOT ISSUE C: (Debt for Parks and Recreation) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 3 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 3 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LI F.NS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING PARKS AND RECREATION IMPROVEMENTS AND PROGRAMS AS AUTHORIZED BY LAW, INCLUDING WITHOUT LIMITATION PARKS, TRAILS, PATHS AND OPEN SPACE, TOGETHER WITH ALL NECESSARY, INCIDENTAL AND APPURTENANT .FACILIT hS, LAND AND EASEMENTS, AND ALL EXTENSIONS OF AND IMPROVEMENTS TO SUCH FACILITIES WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS {00416758.DOC MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFEICI I-4NT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE-NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 3 BALLOT ISSUE D: (Debt for Drainage) SHALL HAYMEADOW METROPOLITAN DISTRICT NO..3 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 3 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LI HNS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING A STORMWATER MANAGEMENT SYSTEM, INCLUDING WITHOUT LIMITATION STORMWATER, SEWER, FLOOD AND SURFACE DRAINAGE FACILITIES AND SYSTEMS, DETENTION/RETENTION PONDS AND ASSOCIATED DRAINAGE FACILITIES, TOGETHER WITH ALL NECESSARY, INCIDENTAL AND APPURTENANT FACILIT1HS, LAND AND EASEMENTS, AND ALL EXTENSIONS OF AND IMPROVEMENTS TO SUCH FACILITIES WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON. SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE (00416758.DOC I) PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICI HNT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 3 BALLOT ISSUE E: (Debt for Street Improvements) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 3 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 3 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LI NNS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANaING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING STREET, ROADWAY AND RELATED LANDSCAPING IMPROVEMENTS, INCLUDING CURBS, GUTTERS, CULVERTS, AND OTHER DRAINAGE FACILITIES, PEDESTRIAN WAYS, BRIDGES, ALLEYS, PARKING FACILITI F:S, PAVING, LIGHTING, GRADING, LANDSCAPING, IRRIGATION, AND STRUCTURES; AND STREET-RELATED ELECTRIC, TELEPHONE, AND GAS; TOGETHER WITH ALL NECESSARY, INCIDENTAL, AND APPURTENANT FACILITIES, LAND AND EASEMENTS, AND ALL EXTENSIONS OF AND IMPROVEMENTS TO SAID FACILITIES WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND {00416758.DOC CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF TIE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 3 BALLOT ISSUE F: (Debt for Water) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 3 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 3 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING COMPLETE POTABLE WATER SYSTEM AND A COMPLETE NONPOTABLE IRRIGATION WATER SYSTEM, INCLUDING BUT NOT LIMITED TO, WATER RIGHTS, WATER SUPPLY, TREATMENT, STORAGE, TRANSMISSION AND DISTRIBUTION SYSTEMS FOR PUBLIC OR PRIVATE PURPOSES, TOGETHER WITH ALL NECESSARY AND PROPER RESERVOIRS, TREATMENT WORKS AND FACILITIES, WELLS, WATER RIGHTS, EQUIPMENT AND APPURTENANCES INCIDENT THERETO WHICH MAY INCLUDE, BUT SHALL NOT BE LIMITED TO, TRANSMISSION LINES, DISTRIBUTION MAINS AND LATERALS, STORAGE FACILIT KS, LAND AND EASEMENTS, TOGETHER WITH EXTENSIONS OF AND IMPROVEMENTS TO SAID FACILIT 114,S OR SYSTEMS WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR {00416758.DOC INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OFI8%PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL LEVY B/POSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO.3 BALLOT ISSUE G: (Debt for Sewer) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 3 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO.3 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING SANITARY SEWERS, WASTEWATER TREATMENT AND DISPOSAL WORKS AND FACILIT I WATER QUALITY FACILITIES, EQUIPMENT AND APPURTENANCES INCIDENT THERETO, TOGETHER WITH ALL NECESSARY, INCIDENTAL AND APPURTENANT FACILITIES, LAND AND EASEMENTS, AND ALL NECESSARY EXTENSIONS OF AND {00416758.DOC IMPROVEMENTS TO SAID FACILIT I HS OR:SYSTEMS WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO.3 BALLOT ISSUE H: (Debt for Transportation) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 3 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO.3 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING A SYSTEM TO TRANSPORT THE PUBLIC BY BUS, RAIL, OR ANY OTHER MEANS OF CONVEYANCE, OR ANY COMBINATION THEREOF, TOGETHER WITH ALL NECESSARY, INCIDENTAL AND APPURTENANT FACILITTES, LAND AND {00416758.DOC EASEMENTS, AND ALL EXTENSIONS OF AND IMPROVEMENTS TO SUCH FACILITY KS WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERIVIINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 3 BALLOT ISSUE I: (Debt for Traffic and Safety Controls) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 3 DEBT BE INCREASED $35,000,000, WITH A TOTAL. REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 3 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING TRAFFIC AND SAFETY CONTROLS AND DEVICES ON STREETS AND HIGHWAYS AND AT RAILROAD CROSSINGS, TOGETHER WITH ALL NECESSARY, INCIDENTAL AND (00416758.DOC /} APPURTENANT FACILIT I FS, LAND AND EASEMENTS, AND ALL EXTENSIONS OF AND IMPROVEMENTS TO SUCH FACILITIES WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO.3 BALLOT ISSUE J: (Debt for Mosquito Control) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 3 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO.3 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING IMPROVEMENTS TO PROVIDE FOR THE ELIMINATION AND CONTROL OF MOSQUITOES, TOGETHER WITH ALL NECESSARY, INCIDENTAL AND (00416758.DOC APPURTENANT FACILITIES, LAND AND EASEMENTS, AND ALL EXTENSIONS OF AND IMPROVEMENTS TO SUCH FACILITI ES WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 3 BALLOT ISSUE K: (Debt for Fire Protection) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 3 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 3 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING FIRE PROTECTION, TOGETHER WITH ALL NECESSARY, INCIDENTAL AND APPURTENANT FACILITIES, LAND AND EASEMENTS, AND ALL EXTENSIONS OF {00416758.DOC ANDAMPROVEMENTS TO SUCH FACILIT I HS WITHIN- AND WITHOUT THE-. • BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING "REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: Two (2) Zero (0) NO: HAYMEADOW METROPOLITAN DISTRICT NO.3 BALLOT ISSUE L: (Debt for Refunding) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 3 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO.3 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF REFUNDING, PAYING, OR DEFEASING, IN WHOLE OR IN PART, BONDS, NOTES, OR OTHER FINANCIAL OBLIGATIONS OF THE DISTRICT; SUCH DEBT TO BEAR INTEREST AT A RATE TO BE DETERMINED BY THE DISTRICT BOARD, WHICH INTEREST RATE MAY BE HIGHER THAN THE INTEREST RATE BORNE BY THE OBLIGATIONS BEING REFUNDED BUT IN NO EVENT SHALL THE NET EFFECTIVE INTEREST RATE EXCEED 18% PER ANNUM, {00416758.DOC SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; THE PRINCIPAL AMOUNT OF SUCH DEBT, TOGETHER WITH ALL OTHER DEBT OF THE DISTRICT AUTHORIZED BY ANY OTHER BALLOT QUESTION AND ALL DEBT ISSUED BY HAYMEADOW METROPOLITAN DISTRICT NOS. 1, 2 AND 4 TO 6, NOT TO EXCEED AN AGGREGATE OF $35,000,000; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING WITHOUT LIMITATION FROM A MILL LEVY IMPOSED. WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF .SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: Two (2) NO: Zero (0) IlAYIVIEADOW METROPOLITAN DISTRICT NO. 3 BALLOT ISSUE M: (Intergovernmental Agreements with the State or Political Subdivisions) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 3 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 3 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT AND MULTIPLE-FISCAL YEAR OBLIGATIONS; SUCH DEBT AND OBLIGATIONS TO CONSIST OF ONE OR MORE INTERGOVERNMENTAL AGREEMENTS WITH THE STATE OR ANY POLITICAL SUBDIVISION OF THE STATE, INCLUDING THE TOWN OF EAGLE, COLORADO, AND HAYMEADOW METROPOLITAN DISTRICT NOS. 1, 2 AND 4 TO 6, FOR THE PURPOSE OF JOINTLY FINANCING THE COSTS OF ANY PUBLIC IMPROVEMENTS, FACILITIES, SYSTEMS, PROGRAMS, OR PROJECTS WHICH THE DISTRICT MAY LAWFULLY PROVIDE, OR FOR THE PURPOSE OF PROVIDING FOR THE OPERATIONS AND MAINTENANCE OF THE DISTRICT AND ITS FACILITIES AND PROPERTIES; SUCH DEBT TO BE PAID {00416758.DOC I} FROM ANY LEGALLY AVATT ABLE MONEYS OF THE DISTRICT, INCLUDING FROM THE DISTRICT'S OPERATING MILL LEVY IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY FOR THE PURPOSES SPECIFIED ABOVE; AND IN CONNECTION THEREWITH SHALL THE DISTRICT BE AUTHORIZED TO MAKE COVENANTS REGARDING THE ESTABLISHMENT AND USE OF AD VALOREM TAXES, RATES, FEES, TOLLS, PENALTIES, AND OTHER CHARGES OR REVENUES OF THE DISTRICT, AND COVENANTS, REPRESENTATIONS, AND WARRANT! HS AS TO OTHER MATTERS ARISING UNDER THE AGREEMENTS, ALL AS MAY BE DETERMINED BY. THE BOARD OF DIRECTORS OF THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO.3 BALLOT ISSUE N: (TABOR Exemption for Revenue) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 3 BE AUTHORIZED TO COLLECT, RETAIN, AND SPEND ANY AND ALL AMOUNTS ANNUALLY FROM ANY REVENUE SOURCES WHATSOEVER (INCLUDING WITHOUT LIMITATION ANY REVENUES FROM AD VALOREM PROPERTY TAXES, TAXES, SPECIFIC OWNERSHIP TAXES, FEES, RATES, TOLLS, PENALTIES, OR CHARGES, STATE, FEDERAL AND PRIVATE GRANTS AND GIFTS, OR ANY OTHER SOURCE); AND SHALL SUCH REVENUES BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER AS A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO.3 BALLOT ISSUE 0: (Developer Agreements) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 3 BE AUTHORIZED TO ENTER INTO AGREEMENTS WITH ANY DEVELOPER OF PROPERTY IN THE DISTRICT FOR THE PURPOSE OF FINANCING THE COSTS OF ANY PUBLIC IMPROVEMENTS, FACILIT I ES, SYSTEMS, OR PROJECTS WHICH THE DISTRICT MAY LAWFULLY PROVIDE, WHICH AGREEMENTS MAY CONSTITUTE DEBT OR INDEBTEDNESS AND MULTIPLE-FISCAL YEAR OBLIGATIONS OF THE DISTRICT TO THE EXTENT PROVIDED THEREIN AND OTHERWISE AUTHORIZED BY LAW, AND IN CONNECTION THEREWITH SHALL THE DISTRICT BE AUTHORIZED TO AGREE TO PAY SPECIF I REVENUES OF THE DISTRICT TO THE DEVELOPERS, TO MAKE f 00416758.DOC COVENANTS REGARDING THE REVENUES OF THE DISTRICT; AND TO MADE COVENANTS, REPRESENTATIONS, AND WARRANTIES AS TO OTHER MATTERS ARISING UNDER THE AGREEMENTS, ALL AS MAY BE DETERMINED BY THE BOARD OF DIRECTORS OF THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO.3 BALLOT ISSUE P: (Mortgage of Property) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 3 BE AUTHORIZED TO ISSUE, CREATE, EXECUTE, AND DELIVER MORTGAGES, DEEDS OF TRUST, LI KNS, AND . OTHER. ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, . WHETHER NOW OWNED OR HEREAFTER ACQUIRED, AND INCLUDING WITHOUT LIMITATION WATER AND WATER RIGHTS, SUCH ENCUMBRANCES OF THE DISTRICT AND OF. HAYMEADOW METROPOLITAN DISTRICT NOS. 1, 2 AND 4 TO 6 TO BE IN THE AGGREGATE PRINCIPAL AMOUNT NOT TO EXCEED $35,000,000, PLUS INTEREST THEREON AT A NET EFFECTIVEINTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, ALL AS MAY BE DETERMINED BY THE BOARD OF DIRECTORS TO BE NECESSARY OR APPROPRIATE IN CONNECTION WITH THE ISSUANCE OF BONDS, NOTES, CONTRACTS, OR OTHER FINANCIAL OBLIGATIONS OF THE DISTRICT; SUCH ENCUMBRANCES TO BE CREATED FOR THE PURPOSE OF PROVIDING ADDITIONAL SECURITY FOR DISTRICT FINANCIAL OBLIGATIONS, AND TO BE CREATED AT ONE TIME OR FROM TIME TO TIME; SUCH MORTGAGES, DEEDS OF TRUST, LIENS, OR OTHER ENCUMBRANCES TO ENTITLE THE OWNER OR BENEFICIARY THEREOF. TO FORECLOSE UPON AND TAKE TITLE TO AND POSSESSION OF THE DISTRICT PROPERTY SO ENCUMBERED, AND IN CONNECTION THEREWITH SHALL THE DISTRICT BE AUTHORIZED TO MAKE SUCH COVENANTS REGARDING THE USE OF THE ENCUMBERED PROPERTY AND OTHER MATTERS ARISING UNDER THE ENCUMBRANCE, ALL AS MAY BE DETERMINED BY THE BOARD OF DIRECTORS OF THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO.3 BALLOT QUESTION Q (Transportation Services) Shall the Haymeadow Metropolitan District No. 3 be authorized to provide transportation services and exercise the power to establish, maintain, and operate a system to transport the f00416758.DOC /). YES: NO: CERTFF t1-0 this 5th day of Novembe Canvasser Two (2) Zero (0) public by bus, rail, or any other means of convenience, or any coinbination thereof, within and without the District boundaries, but only within Eagle County, Colorado, within which the District is located? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 3 BALLOT QUESTION R (Waiver of Term Limits) Shall the limitations on terms of office of elected members of the Board of Directors of the Haymeadow Metropolitan District No. 3 be eliminated pursuant to Article XVIII, Section 11(2) of the Colorado Constitution? Contact Person for District: David A. Greher Collins Cockrel & Cole Business Address: 390 Union Boulevard, Suite 400 Denver, Colorado 80228 Telephone Number: (303) 986-1551 {00416758.DOC I) EXHIBIT A (Attach Judges' Certificate of Election Returns) (00416758.DOC JUDGES' CERTIFICATE OF MAIL BALLOT ELECTION RETURNS AND STATEMENT OF BALLOTS FOR HAYMEADOW METROPOLITAN DISTRICT NO. 3 IT IS HEREBY CERTIF I HD by the undersigned, who conducted the mail ballot election held in the Haymeadow Metropolitan District No. 3, in Eagle County, Colorado, on the 4th day of November, 2014, that after qualifying by swearing and subscribing to their Oaths of Office, they opened the polls at 7:00 a.m., and that they kept the polls open continuously until the hour of 7:00 p.m. on such date, after which they counted the ballots cast for Directors of the District and for the ballot issues and ballot questions submitted in accordance with the Colorado Local Government Election Code. That the votes cast for Director of the District to act until the first regular election in May, 2016: CANDIDATE FOR DIRECTOR There, were no candidates That the votes cast for Director of the District to act until the second regular election in May, 2018: CANDIDATE FOR DIRECTOR NUMBER OF VOTES CAST Jens M. Werner Richard Pylman Two (2) Two (2) That the votes cast for and against the ballot questions and ballot issues submitted were as follows: HAYMEADOW METROPOLITAN DISTRICT NO.3 BALLOT QUESTION A: Shall Haymeadow Metropolitan District No. 3 be organized? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO.3 BALLOT ISSUE B: SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 3 TAXES BE INCREASED $50,000 ANNUALLY (FIRST FULL FISCAL YEAR INCREASE) AND BY SUCH OTHER AMOUNTS COLLECTED IN EACH YEAR THEREAFTER FROM A MILL LEVY IMPOSED AT A RATE NOT TO EXCEED 50.000 MILLS (WITH THE ACTUAL MILL LEVY RATE FOR ANY FISCAL YEAR TO BE ADJUSTED DOWN-WARDS OR UPWARDS BY THE BOARD OF DIRECTORS IN ITS DISCRETION) TO PAY THE DISTRICT'S ADMINISTRATION, OPERATIONS, MAINTENANCE, CAPITAL IMPROVEMENT AND OTHER EXPENSES WITHOUT LIMITATION; PROVIDED THAT SUCH MILL LEVY MAY BE ADJUSTED (A) TO ACCOUNT FOR CHANGES IN THE LAW OR THE METHOD BY WHICH ASSESSED VALUATION IS CALCULATED, INCLUDING A CHANGE IN THE PERCENTAGE OF ACTUAL VALUATION USED TO DETERMINE ASSESSED VALUATION, (B) TO OFFSET ANY PROPERTY TAX CUT OR LIMIT WHICH IS MANDATED BY ARTICLE X, SECTION 20 OR OTHER PROVISIONS OF THE COLORADO CONSTITUTION, AS IT CURRENTLY EXISTS OR AS IT MAY BE AMENDED, AND (C) TO OFFSET REFUNDS AND ABATEMENTS; AND SHALL THE PROCEEDS OF SUCH TAXES AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION, SECTION 29-1-301, C.R.S., OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 3 BALLOT ISSUE C: (Debt for Parks and Recreation) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 3 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 3 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LTF,NS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING PARKS AND RECREATION IMPROVEMENTS AND PROGRAMS AS AUTHORIZED BY LAW, INCLUDING WITHOUT LIMITATION PARKS, TRAILS, PATHS AND OPEN SPACE, TOGETHER WITH ALL NECESSARY, INCIDENTAL AND APPURTENANT FACILITIES, LAND AND EASEMENTS, AND ALL EXTENSIONS OF AND IMPROVEMENTS TO SUCH FACILITIES WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICII-iNI. . . TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: Two (2) NO: Zero (d) HAYMEADOW METROPOLITAN DISTRICT NO. 3 BALLOT ISSUE D: (Debt for Drainage) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 3 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 3 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, URNS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING A STORMWATER MANAGEMENT SYSTEM, INCLUDING WITHOUT LIMITATION STORMWATER, SEWER, FLOOD AND SURFACE DRAINAGE FACILITIES AND SYSTEMS, DETENTION/RETENTION PONDS AND ASSOCIATED DRAINAGE FACILITIES, TOGETHER WITH ALL NECESSARY, INCIDENTAL AND APPURTENANT FACILITIES, LAND AND EASEMENTS, AND ALL EXTENSIONS OF AND IMPROVEMENTS TO SUCH FACILITIES WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 3 BALLOT ISSUE E: (Debt for Street Improvements) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 3 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 3 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING STREET, ROADWAY AND RELATED LANDSCAPING IMPROVEMENTS, INCLUDING CURBS, GUTTERS, CULVERTS, AND OTHER DRAINAGE FACILITIES, PEDESTRIAN WAYS, BRIDGES, ALLEYS, PARKING FACILITY FS, PAVING, LIGHTING, GRADING, LANDSCAPING, IRRIGATION, AND STRUCTURES; AND STREET-RELATED ELECTRIC, TELEPHONE, AND GAS; TOGETHER WITH ALL NECESSARY, INCIDENTAL, AND APPURTENANT FACILITI KS, LAND AND EASEMENTS, AND ALL EXTENSIONS OF AND IMPROVEMENTS TO SAID FACILITIES WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAM FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICIPNT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 3 BALLOT ISSUE F: (Debt for Water) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 3 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 3 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING COMPLETE POTABLE WATER SYSTEM AND A COMPLETE NONPOTABLE IRRIGATION WATER SYSTEM, INCLUDING BUT NOT LIMITED TO, WATER RIGHTS, WATER SUPPLY, TREATMENT, STORAGE, TRANSMISSION AND DISTRIBUTION SYSTEMS FOR PUBLIC OR PRIVATE PURPOSES, TOGETHER WITH ALL NECESSARY AND PROPER RESERVOIRS, TREATMENT WORKS AND FACILITIES, WELLS, WATER RIGHTS, EQUIPMENT AND APPURTENANCES INCIDENT THERETO WHICH MAY INCLUDE, BUT SHALL NOT BE LIMITED TO, TRANSMISSION LINES, DISTRIBUTION MAINS AND LATERALS, STORAGE FACILITIES, LAND AND EASEMENTS, TOGETHER WITH EXTENSIONS OF AND IMPROVEMENTS TO SAID FACILIT HS OR SYSTEMS WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT • •• BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 3 BALLOT ISSUE G: (Debt for Sewer) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 3 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 3 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LI ENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING SANITARY SEWERS, WASTEWATER TREATMENT AND DISPOSAL WORKS AND FACILITIES, WATER QUALITY FACILITIES, EQUIPMENT AND APPURTENANCES INCIDENT THERETO, TOGETHER WITH ALL NECESSARY, INCIDENTAL AND APPURTENANT FACILITIES, LAND AND EASEMENTS, AND ALL NECESSARY EXTENSIONS OF AND IMPROVEMENTS TO SAID FACILITIES OR SYSTEMS WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMTNED.BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND TN. AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 3 BALLOT ISSUE H: (Debt for Transportation). SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 3 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 3 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING A SYSTEM TO TRANSPORT THE PUBLIC BY BUS, RAIL, OR ANY OTHER MEANS OF CONVEYANCE, OR ANY COMBINATION THEREOF, TOGETHER WITH ALL NECESSARY, INCIDENTAL AND APPURTENANT FACILITY FS, LAND AND EASEMENTS, AND ALL EXTENSIONS OF AND IMPROVEMENTS TO SUCH FACILITIES WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARWSUCH DEBT TO BE SOLD IN ONE SERIES OR MORE ATA PRICE ',I' ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF. SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: Two (2) . NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 3 BALLOT ISSUE I: (Debt for Traffic and Safety Controls) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 3 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 3 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING TRAFFIC AND SAFETY CONTROLS AND DEVICES ON STREETS AND HIGHWAYS AND AT RAILROAD CROSSINGS, TOGETHER WITH ALL NECESSARY, INCIDENTAL AND APPURTENANT FACILITIES, LAND AND EASEMENTS, AND ALL EXTENSIONS OF AND IMPROVEMENTS TO SUCH FACILITIES WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE;BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF TUE DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO.3 BALLOT ISSUE J: (Debt for Mosquito Control) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 3 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO.3 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING IMPROVEMENTS TO PROVIDE FOR THE ELIMINATION AND CONTROL OF MOSQUITOES, TOGETHER WITH ALL NECESSARY, INCIDENTAL AND APPURTENANT FACILITIES, LAND AND EASEMENTS, AND ALL EXTENSIONS OF AND IMPROVEMENTS TO SUCH FACILITIES WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 3 BALLOT ISSUE K: (Debt for Fire Protection) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 3 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 3 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING FIRE PROTECTION, TOGETHER WITH ALL NECESSARY, INCIDENTAL AND APPURTENANT FACILITY ES, LAND AND EASEMENTS, AND ALL EXTENSIONS OF AND IMPROVEMENTS TO SUCH FACILITIES WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OFATREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE . COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 3 BALLOT ISSUE L: (Debt for Refunding) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 3 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 3 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE.NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED. OR INCURRED FOR THE PURPOSE OF REFUNDING, PAYING, OR DEFEASING, IN WHOLE OR IN PART, BONDS, NOTES, OR OTHER FINANCIAL OBLIGATIONS OF THE DISTRICT; SUCH DEBT TO BEAR INTEREST AT A RATE TO BE DETERMINED BY THE DISTRICT BOARD, WHICH INTEREST RATE MAY BEIIIGHER THAN THE INTEREST RATE BORNE BY THE OBLIGATIONS BEING REFUNDED BUT IN NO EVENT SHALL THE NET EFFECTIVE INTEREST RATE EXCEED 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS-THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; THE PRINCIPAL AMOUNT OF SUCH DEBT, TOGETHER WITH ALL OTHER DEBT OF THE DISTRICT AUTHORIZED BY ANY OTHER BALLOT . QUESTION AND ALL DEBT ISSUED BY HAYMEADOW METROPOLITAN DISTRICT NOS. 1, 2 AND 4 TO 6, NOT TO EXCEED AN AGGREGATE OF $35,000,000; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING WITHOUT LIMITATION FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO.3 BALLOT ISSUE M: (Intergovernmental Agreements with the State or Political Subdivisions) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 3 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO.3 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT AND MULTIPLE-FISCAL YEAR OBLIGATIONS; SUCH DEBT AND OBLIGATIONS TO CONSIST OF ONE OR MORE INTERGOVERNMENTAL AGREEMENTS WITH THE STATE OR ANY POLITICAL SUBDIVISION OF THE STATE, INCLUDING THE TOWN OF EAGLE, COLORADO, AND HAYMEADOW METROPOLITAN DISTRICT NOS. 1, 2 AND 4 TO 6, FOR THE PURPOSE OF JOINTLY FINANCING THE COSTS OF ANY PUBLIC IMPROVEMENTS, FACILITIES, SYSTEMS, PROGRAMS, OR PROJECTS WHICH THE DISTRICT MAY LAWFULLY PROVIDE, OR FOR THE PURPOSE OF PROVIDING FOR THE OPERATIONS AND MAINTENANCE OF THE DISTRICT AND ITS FACILITTES AND PROPERTIES; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM THE DISTRICT'S OPERATING MILL LEVY IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY FOR THE PURPOSES SPECIFTED ABOVE; AND IN CONNECTION THEREWITH SHALL THE DISTRICT BE AUTHORIZED TO MAKE COVENANTS REGARDING THE ESTABLISHMENT AND USE OF AD VALOREM TAXES, RATES, FEES, TOLLS, PENALTIES, AND OTHER CHARGES OR REVENUES OF THE DISTRICT, AND COVENANTS, REPRESENTATIONS, AND WARRANDRS AS TO OTHER MATTERS ARISING' UNDER THE AGREEMENTS, ALL AS MAY BE DETERMINED BY * THE BOARD OF DIRECTORS OF THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO.3 BALLOT ISSUE N: (TABOR Exemption for Revenue) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 3 BE AUTHORIZED TO COLLECT, RETAIN, AND SPEND ANY AND ALL AMOUNTS ANNUALLY FROM ANY REVENUE SOURCES WHATSOEVER (INCLUDING WITHOUT LIMITATION ANY REVENUES FROM AD VALOREM PROPERTY TAXES, TAXES, SPECIFIC OWNERSHIP TAXES, FEES, RATES, TOLLS, PENALT I ES, OR CHARGES, STATE, FEDERAL AND PRIVATE GRANTS AND GIFTS, OR ANY OTHER SOURCE); AND SHALL SUCH REVENUES BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER AS A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO.3 BALLOT ISSUE 0: (Developer Agreements) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 3 BE AUTHORIZED TO ENTER INTO AGREEMENTS WITH ANY DEVELOPER OF PROPERTY IN THE DISTRICT FOR THE PURPOSE OF FINANCING THE COSTS OF ANY PUBLIC IMPROVEMENTS, FACILITIES, SYSTEMS, OR PROJECTS WHICH THE DISTRICT MAY LAWFULLY • PROVIDE, WHICH AGREEMENTS MAY CONSTITUTE DEBT OR INDEBTEDNESS AND MULTIPLE-FISCAL YEAR OBLIGATIONS OF THE DISTRICT TO THE EXTENT PROVIDED THEREIN AND OTHERWISE AUTHORIZED BY LAW, AND IN CONNECTION THEREWITH SHALL THE DISTRICT BE AUTHORIZED TO.AGREE TO PAY SPECIFIED REVENUES OF THE DISTRICT TO THE DEVELOPERS, TO MAKE COVENANTS REGARDING THE REVENUES OF THE DISTRICT, AND TO MAKE COVENANTS, REPRESENTATIONS, AND WARRANT ( ES AS TO OTHER MATTERS ARISING UNDER THE AGREEMENTS, ALL AS MAY BE DETERMINED.BY THE BOARD OF DIRECTORS OF THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO 3 BALLOTISSUE P: (Mortgage of Property) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 3 BE AUTHORIZED TO ISSUE, CREATE, EXECUTE, AND DELIVER MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, WHETHER NOW OWNED OR HEREAFTER ACQUIRED, AND INCLUDING WITHOUT LIMITATION WATER AND WATER RIGHTS, SUCH ENCUMBRANCES OF THE DISTRICT AND OF HAYMEADOW METROPOLITAN DISTRICT NOS. 1, 2 AND 4 TO 6 TO BE IN THE AGGREGATE PRINCIPAL AMOUNT NOT TO EXCEED $35,000,000, PLUS INTEREST THEREON AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, ALL AS MAY BE DETERMINED BY THE BOARD OF DIRECTORS TO BE NECESSARY OR APPROPRIATE IN CONNECTION WITH THE ISSUANCE OF BONDS, NOTES, CONTRACTS, OR OTHER FINANCIAL OBLIGATIONS OF THE DISTRICT; SUCH ENCUMBRANCES TO BE CREATED FOR THE PURPOSE OF PROVIDING ADDITIONAL SECURITY FOR DISTRICT FINANCIAL OBLIGATIONS, AND TO BE CREATED AT ONE TIME OR FROM TIME TO TIME; SUCH MORTGAGES, DEEDS OF TRUST, LIENS, OR OTHER ENCUMBRANCES TO ENTITLE THE OWNER OR BENEFICIARY THEREOF TO FORECLOSE UPON AND TAKE TITLE TO AND POSSESSION OF THE DISTRICT PROPERTY SO ENCUMBERED, AND IN CONNECTION THEREWITH SHALL THE DISTRICT BE AUTHORIZED TO MAKE SUCH COVENANTS REGARDING THE USE OF THE ENCUMBERED PROPERTY AND OTHER MATTERS ARISING UNDER THE ENCUMBRANCE, ALL AS MAY BE DETERMINED BY THE BOARD OF DIRECTORS OF THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 3 BALLOT QUESTION Q (Transportation Services) Shall the Haymeadow Metropolitan District No. 3 be authorized to provide transportation services and exercise the power to establish, maintain, and operate a system to transport the public by bus, rail, or any other means of convenience, or any combination thereof, within and without the District boundaries, but only within•Eagle County, Colorado, within which the District is located? YES: NO: Two (2) Zero (0) HAYMEADOW METROPOLITAN 'DISTRICT NO. 3 BALLOT QUESTION R (Waiver of Term Limits) Shall the limitations on terms of office of elected members of the Board of Directors of the Haymeadow Metropolitan District No. 3 be eliminated pursuant to Article XVIII, Section 11(2) of the Colorado Constitution? YES: Two (2) NO: Zero (0) It is hereby identified and specified that: Total Number of Ballots Delivered to Electors (including UOCAVA ballots): Total Number of Ballots Voted Three (3) (including UOCAVA ballots): Two (2) Number of Ballots Returned Undelivered: Zero (0) Number of Spoiled Ballots (Replacement Ballot issued): One (1) Number of Rejected Ballots: Zero (0) Number of Defective Ballots: Zero (0) Number of Substitute Ballots Voted: Zero (0) Number of Unofficial Ballots Voted: Zero (0) Total Number of Ballots Returned to Designated Election Official (including UOCAVA ballots): Two (2) Certified this 4th day of November, 2014. CANVASS BOARD'S CERTIFICATE OF DE IERMINATION OF OFFICIAL ELECTION RESULTS FOR 'IRE SPECIAL ORGANIZATION ELECTION HELD NOVEMBER 4, 2014 FOR TI-1H: HAYMEADOW METROPOLITAN DISTRICT NO.4 Each of the undersigned members of the Canvass Board of the Haymeadow Metropolitan District No. 4 ("District") certifies that the following is a true and correct determination of the official election results of the special organization election of the District, at which time the eligible electors of the District voted as indicated on the attached Judges' Certificate of Election Returns, and as a result of which the eligible electors elected to office the following Directors: Jens M. Werner Term to May, 2018 P.O. Box 2964 Avon, Colorado 81620 Richard J. Pylman. Term to May, 2018 • P.O. Box 1195 Edwards, Colorado 81632 Vacancy Term to May, 2018 Vacancy Term to May, 2016 Vacancy Term to May, 2016 The votes cast for and against each ballot issue and ballot question submitted were as follows: HAYMEADOW METROPOLITAN DISTRICT NO.4 BALLOT QUESTION A: Shall Haymeadow Metropolitan District No. 4 be organized? YES: One (1) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO.4 BALLOT ISSUE B: SHALL HAYMEADOW METROPOLITAN DISTRICT NO.4 TAXES BE INCREASED $50,000 ANNUALLY (FIRST FULL FISCAL YEAR INCREASE) AND BY SUCH OTHER AMOUNTS COLLECTED IN EACH YEAR THEREAFTER FROM A MILL LEVY IMPOSED AT A RATE NOT TO EXCEED 50.000 MILLS (WITH THE ACTUAL MILL LEVY RATE FOR ANY FISCAL YEAR TO BE ADJUSTED DOWNWARDS OR UPWARDS BY THE BOARD OF DIRECTORS IN ITS DISCRETION) TO PAY THE DISTRICT'S ADMINISTRATION, OPERATIONS, MAINTENANCE, CAPITAL IMPROVEMENT AND OTHER EXPENSES WITHOUT LIMITATION; PROVIDED THAT SUCH MILL LEVY MAY BE ADJUSTED (A) TO ACCOUNT FOR CHANGES IN THE LAW OR THE METHOD BY WHICH ASSESSED VALUATION IS CALCULATED, INCLUDING A {00416767DOC I} CHANGE IN THE PERCENTAGE OF ACTUAL VALUATION USED TO DETERMINE ASSESSED VALUATION, (13) TO OFFSET ANY PROPERTY TAX CUT OR LIMIT WHICH IS MANDATED BY ARTICLE X, SECTION 20 OR OTHER PROVISIONS OF THE COLORADO CONSTITUTION, AS IT CURRENTLY EXISTS OR AS IT MAY BE AMENDED, AND (C) TO OFFSET REFUNDS AND ABATEMENTS; AND SHALL THE PROCEEDS OF SUCH TAXES AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION, SECTION 29-1-301, C.RS., OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: NO: One (1) Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO.4 BALLOT ISSUE C: (Debt for Parks and Recreation) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 4 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO.4 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING PARKS AND RECREATION IMPROVEMENTS AND PROGRAMS AS AUTHORIZED BY LAW, INCLUDING WITHOUT LIMITATION PARKS, TRAILS, PATHS AND OPEN SPACE, TOGETHER WITH ALL NECESSARY, INCIDENTAL AND APPURTENANT FACILITIES, LAND AND EASEMENTS, AND ALL EXTENSIONS OF AND IMPROVEMENTS TO SUCH FACILITIES WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM. IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL {00416767.DOC I} LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICIRNT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR-THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: One (1) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 4 BALLOT ISSUE D: (Debt for Drainage) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 4 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 4 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING A STORMWATER MANAGEMENT SYSTEM, INCLUDING WITHOUT LIMITATION STORMWATER, SEWER, FLOOD AND SURFACE DRAINAGE FACILITIES AND SYSTEMS, DETENTION/RETENTION PONDS AND ASSOCIATED DRAINAGE FACILITIES, TOGETHER WITH ALL NECESSARY, INCIDENTAL AND APPURTENANT FACILIT I ES, LAND AND EASEMENTS, AND ALL EXTENSIONS OF AND IMPROVEMENTS TO SUCH FACILITI HS WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN {00416767.DOC I} EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: One (1) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 4 BALLOT ISSUE E: (Debt for Street Improvements) SHALL HAYMEADOW METROPOLITAN DISTRICT NO.4 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO.4 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING STREET, ROADWAY AND RELATED LANDSCAPING IMPROVEMENTS, INCLUDING CURBS, GUTTERS, CULVERTS, AND OTHER DRAINAGE FACILITIES, PEDESTRIAN WAYS, BRIDGES, ALLEYS, PARKING FACILITIES, PAVING, LIGHTING, GRADING, LANDSCAPING, IRRIGATION, AND STRUCTURES; AND STREET-RELATED ELECTRIC, TELEPHONE, AND GAS; TOGETHER WITH ALL NECESSARY, INCIDENTAL, AND APPURTENANT FACILIT I HS, LAND AND EASEMENTS, AND ALL EXTENSIONS OF AND IMPROVEMENTS TO SAID FACILITIES WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR (00416767.DOC I) EQUAL TOME PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS -AND- • CONDITIONS AS THE DISTRICT MAY DETERM NE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: One (1) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 4 BALLOT ISSUE F: (Debt for Water) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 4 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 4 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING COMPLETE POTABLE WATER SYSTEM AND A COMPLETE NONPOTABLE IRRIGATION WATER SYSTEM, INCLUDING BUT NOT LIMITED TO, WATER RIGHTS, WATER SUPPLY, TREATMENT, STORAGE, TRANSMISSION AND DISTRIBUTION SYSTEMS FOR PUBLIC OR PRIVATE PURPOSES, TOGETHER WITH ALL NECESSARY AND PROPER RESERVOIRS, TREATMENT WORKS AND FACILITIES, WELLS, WATER RIGHTS, EQUIPMENT AND APPURTENANCES INCIDENT THERETO WHICH MAY INCLUDE, BUT SHALL NOT BE LIMITED TO, TRANSMISSION LINES, DISTRIBUTION MAINS AND LATERALS, STORAGE FACILITIES, LAND AND EASEMENTS, TOGETHER WITH [00416767.D0C1) EXTENSIONS OF AND IMPROVEMENTS TO SAID FACILITIES OR SYSTEMS WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: One (1) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 4 BALLOT ISSUE G: (Debt for Sewer) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 4 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 4 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING SANITARY SEWERS, WASTEWATER TREATMENT AND DISPOSAL WORKS AND FACILITIES, WATER QUALITY FACILIT1F,S, EQUIPMENT AND APPURTENANCES INCIDENT {00416767.DOC THERETO, TOGETHER WITH ALL NECESSARY, INCIDENTAL AND APPURTENANT FACT LIT KS, LAND AND EASEMENTS, AND ALL NECESSARY EXTENSIONS OF AND IMPROVEMENTS TO SAID FACILITIES OR SYSTEMS WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFIC I HNT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE. PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: One (1) NO: Zero (0) HAYNLEADOW METROPOLITAN DISTRICT NO. 4 BALLOT ISSUE H: (Debt for Transportation) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 4 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO: 4 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND• OTHERWISE PROVIDING A SYSTEM TO TRANSPORT THE PUBLIC BY BUS, RAIL, OR ANY OTHER MEANS OF (00416767.DOC /} :-:-.CONVEYANCE, OR ANY COMBINATION THEREOF, TOGETHER WITH ALL NECESSARY, INCIDENTAL AND APPURTENANT FACILITIES, LAND AND EASEMENTS, AND ALL EXTENSIONS OF AND IMPROVEMENTS TO SUCH FACILITIES WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF' SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR. WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: One (1) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO.4 BALLOT ISSUE I: (Debt for Traffic and Safety Controls) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 4 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO.4 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, URNS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING TRAFFIC {06416767.DOC AND SAFETY CONTROLS AND DEVICESION STREETS AND HIGHWAYS AND AT RAILROAD CROSSINGS, TOGETHER WITH ALL NECESSARY, INCIDENTAL AND APPURTENANT FACILITIES, LAND AND EASEMENTS, AND ALL EXTENSIONS OF AND IMPROVEMENTS TO SUCH FACILITIES WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH '1 FRMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: One (1) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO.4 BALLOT ISSUE J: (Debt for Mosquito Control) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 4 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO.4 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING {00416767.DOC IMPROVEMENTS TO PROVIDE FOR THE ELIMMATIONAND CONTROL OF MOSQUITOES, TOGETHER WITH ALL NECESSARY, INCIDENTAL AND APPURTENANT FACILITIES, LAND AND EASEMENTS, AND ALL EXTENSIONS OF AND IMPROVEMENTS TO SUCH FACILITIES WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: One (1) NO: Zero (0) HAY-MEADOW METROPOLITAN DISTRICT NO.4 BALLOT ISSUE K: (Debt for Fire Protection) SHALL HAYMEADOW METROPOLITAN DISTRICT NO.4 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO.4 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING FIRE {00416767.DOC I) PROTECTION, TOGETIffiR WITH ALL NECESSARY, INCIDENTAL AND APPURTENANT FACILITIES, LAND AND EASEMENTS, AND ALL EXTENSIONS OF AND IMPROVEMENTS TO SUCH FACILITIES WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICI HNT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: One (1) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 4 BALLOT ISSUE L: (Debt for Refunding) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 4 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 4 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF REFUNDING, PAYING, OR DEFEASING, IN WHOLE OR IN PART, BONDS, NOTES, OR OTHER FINANCIAL OBLIGATIONS OF THE DISTRICT; SUCH DEBT TO BEAR INTEREST AT A RATE TO BE DETERMINED BY THE DISTRICT BOARD, WHICH INTEREST RATE MAY BE HIGHER THAN THE {00416767.DOC INfEREST RATE BORNE BY,THE OBLIGATIONS BEING REFUNDED BUT IN NO EVENT SHALL THE NET EFFECTIVE INTEREST RATE EXCEED 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; THE PRINCIPAL AMOUNT OF SUCH DEBT, TOGETHER WITH ALL OTHER DEBT OF THE DISTRICT AUTHORIZED BY ANY OTHER BALLOT QUESTION AND ALL DEBT ISSUED BY HAYMEADOW METROPOLITAN DISTRICT NOS. 1 TO 3, 5 AND 6, NOT TO EXCEED AN AGGREGATE OF $35,000,000; SUCH DEBT TO BE PAW FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING WITHOUT LIMITATION FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL. INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: One (1) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO.4 BALLOT ISSUE M: (Intergovernmental Agreements with the State or Political Subdivisions) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 4 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO.4 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT AND MULTIPLE-FISCAL YEAR OBLIGATIONS; SUCH DEBT AND OBLIGATIONS TO CONSIST OF ONE OR MORE INTERGOVERNMENTAL AGREEMENTS WITH THE STATE OR ANY POLITICAL SUBDIVISION OF THE STATE, INCLUDING THE TOWN OF EAGLE, COLORADO, AND HAYMEADOW METROPOLITAN DISTRICT NOS. 1 TO 3, 5 AND 6, FOR THE PURPOSE OF JOINTLY FINANCING THE COSTS OF ANY PUBLIC IMPROVEMENTS, FACILITIES, SYSTEMS, PROGRAMS, OR PROJECTS WHICH THE DISTRICT MAY LAWFULLY PROVIDE, OR (00416767.DOC FORME PURPOSE OF PROVIDING FOR THE OPERATIONS AND MAINTENANCE. OF THE DISTRICT AND ITS FACILITIES AND PROPERT1HS; SUCH DEBT TO BE PAID . FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM THE DISTRICT'S OPERATING MILL LEVY IN AMOUNTS SUFFICIENT TO PRODUCE • THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY FOR THE PURPOSES SPECIFIED ABOVE; AND IN CONNECTION THEREWITH SHALL THE DISTRICT BE AUTHORIZED TO MAKE COVENANTS REGARDING THE ESTABLISHMENT AND USE OF AD VALOREM TAXES, RATES, FEES, TOLLS, PENALT I HS, AND OTHER CHARGES OR REVENUES OF THE DISTRICT, AND COVENANTS, REPRESENTATIONS, AND WARRANTIES AS TO OTHER MATTERS ARISING UNDER THE AGREEMENTS, ALL AS MAY BE DETERMINED BY THE BOARD OF DIRECTORS OF THE DISTRICT? YES: One (1) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO.4 BALLOT ISSUE N: (TABOR Exemption for Revenue) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 4 BE AUTHORIZED TO COLLECT, RETAIN, AND SPEND ANY AND ALL AMOUNTS ANNUALLY FROM ANY REVENUE SOURCES WHATSOEVER (INCLUDING WITHOUT LIMITATION ANY REVENUES FROM AD VALOREM PROPERTY TAXES, TAXES, SPECIFIC OWNERSHIP TAXES, FEES, RATES, TOLLS, PENALTIES, OR CHARGES, STATE, FEDERAL AND PRIVATE GRANTS AND GIFTS, OR ANY OTHER SOURCE); AND SHALL SUCH REVENUES BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER AS A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: One (1) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO.4 BALLOT ISSUE 0: (Developer Agreements) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 4 BE AUTHORIZED TO ENTER INTO AGREEMENTS WITH ANY DEVELOPER OF PROPERTY IN THE DISTRICT FOR THE PURPOSE OF FINANCING THE COSTS OF ANY PUBLIC IMPROVEMENTS, FACILITIES, SYSTEMS, OR PROJECTS WHICH THE DISTRICT MAY LAWFULLY PROVIDE, WHICH AGREEMENTS MAY CONSTITUTE DEBT OR INDEBTEDNESS AND MULTIPLE-FISCAL YEAR OBLIGATIONS OF THE DISTRICT TO THE EXTENT PROVIDED THEREIN AND OTHERWISE AUTHORIZED BY LAW, AND IN {00416767.DOC I) CONNECTION TIMREWITH SHALL THE DISTRICT BE AUTHORIZED TO AGREE TO PAY SPECIFIED REVENUES OF THE DISTRICT TO THE DEVELOPERS, TO MAKE COVENANTS REGARDING THE REVENUES OF THE DISTRICT, AND TO MAKE COVENANTS, REPRESENTATIONS, AND WARRANTIES AS TO OTHER MATTERS ARISING UNDER THE AGREEMENTS, ALL AS MAY BE DETERMINED BY THE BOARD OF DIRECTORS OF THE DISTRICT? YES: One (1) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 4 BALLOT ISSUE P: (Mortgage of Property) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 4 BE AUTHORIZED TO. ISSUE, CREATE, EXECUTE, AND DELIVER MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, WHETHER NOW OWNED OR HEREAFTER ACQUIRED, AND INCLUDING WITHOUT LIMITATION WATER AND WATER RIGHTS, SUCH ENCUMBRANCES OF THE DISTRICT AND OF HAYMEADOW METROPOLITAN DISTRICT NOS. 1 TO 3, 5 AND 6 TO BE IN THE AGGREGATE PRINCIPAL AMOUNT NOT TO EXCEED $35,000,000, PLUS INTEREST THEREON AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, ALL AS MAY BE DETERMINED BY THE BOARD OF DIRECTORS TO BE NECESSARY OR APPROPRIATE IN CONNECTION WITH THE ISSUANCE OF BONDS, NOTES, CONTRACTS, OR OTHER FINANCIAL OBLIGATIONS OF THE DISTRICT; SUCH ENCUMBRANCES TO BE CREATED FOR THE PURPOSE OF PROVIDING ADDITIONAL SECURITY FOR DISTRICT FINANCIAL OBLIGATIONS, AND TO BE CREATED AT ONE TIME OR FROM TIME TO TIME; SUCH MORTGAGES, DEEDS OF TRUST, LIENS, OR OTHER ENCUMBRANCES TO ENTITLE THE OWNER OR BENEFICIARY THEREOF TO FORECLOSE UPON AND TAKE TITLE TO AND POSSESSION OF THE DISTRICT PROPERTY SO ENCUMBERED, AND IN CONNECTION THEREWITH SHALL THE DISTRICT BE AUTHORIZED TO MAKE SUCH COVENANTS REGARDING THE USE OF THE ENCUMBERED PROPERTY AND OTHER MATTERS ARISING UNDER THE ENCUMBRANCE, ALL AS MAY BE DETERMINED BY THE BOARD OF DIRECTORS OF THE DISTRICT? YES: One (1) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 4 BALLOT QUESTION Q (Transportation Services) Shall the Haymeadow Metropolitan District No. 4 be authorized to provide transportation services and exercise the power to establish, maintain, and operate a system to transport the {00416767.DOC ser Canv YES: NO: CERTIFTFD this 5th day of Novem Designated Ele cial One (1) Zero (0) public by bus, rail, or any other means of convenience, or any combination thereof, within and without the District boundaries, but only within Eagle County, Colorado, within which the District is located? YES: NO: One (1) Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 4 BALLOT QUESTION R (Waiver of Term Limits) Shall the limitations on terms of office of elected members of the Board of Directors of the Haymeadow Metropolitan District No. 4 be eliminated pursuant to Article XVIII, Section 11(2) of the Colorado Constitution? Contact Person for District: Da id A. Gre r Co • Coc el & Cole Business Address: 390 err oulevard, Suite 400 Denver, Colorado 80228 Telephone Number: (303) 986-1551 100416767.DOC,/). EXHIBIT A (Attach Judges' Certificate of Election Returns) (00416767.DOC JUDGES' CERTIFICATE OF MAIL BALLOT ELECTION RETURNS AND STATEMENT OF BALLOTS FOR HAYMEADOW METROPOLITAN DISTRICT NO.4 IT IS HEREBY CERTIFIED by the undersigned, who conducted the mail ballot election held in the Haymeadow Metropolitan District No. 4, in Eagle County, Colorado, on the 4th day of November, 2014, that after qualifying by swearing and subscribing to their Oaths of Office, they opened the polls at 7:00 a.m., and that they kept the polls open continuously until the hour of 7:00 p.m. on such date, after which they counted the ballots cast for Directors of the District and for the ballot issues and ballot questions submitted in accordance with the Colorado Local Government Election Code. That the votes cast for Director of the District to act until the first regular election in.May, 2016: CANDIDATE FOR DIRECTOR There were no candidates That the votes cast for Director of the District to act until the second regular election in May, 2018: CANDIDATE FOR DIRECTOR NUMBER OF VOTES CAST Jens M. Werner One (1) Richard Pylman One (1) That the votes cast for and against the ballot questions and ballot issues submitted were as follows: HAYMEADOW METROPOLITAN DISTRICT NO.4 BALLOT QUESTION A: Shall Haymeadow Metropolitan District No. 4 be organized? YES: One (1) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO.4 BALLOT ISSUE B: SHALL HAYMEADOW METROPOLITAN DISTRICT NO.4 TAXES BE INCREASED $50,000 ANNUALLY (FIRST FULL FISCAL YEAR INCREASE) AND BY SUCH OTHER AMOUNTS COLLECTED IN EACH YEAR THEREAFTER FROM A MILL LEVY IMPOSED AT A RATE NOT TO EXCEED 50.000 MILLS (WITH THE ACTUAL MILL LEVY RATE FOR ANY FISCAL YEAR TO BE ADJUSTED DOWNWARDS OR UPWARDS BY THE BOARD OF DIRECTORS IN ITS DISCRETION) TO PAY THE DISTRICT'S ADMINISTRATION, OPERATIONS, MAINTENANCE, CAPITAL IMPROVEMENT AND OTHER EXPENSES WITHOUT LIMITATION; PROVIDED THAT SUCH MILL LEVY MAY BE ADJUSTED (A) TO ACCOUNT FOR CHANGES IN THE LAW OR THE METHOD BY WHICH ASSESSED VALUATION IS CALCULATED, INCLUDING A CHANGE IN THE PERCENTAGE OF ACTUAL VALUATION USED TO DETERMINE ASSESSED VALUATION, (B) TO OFFSET ANY PROPERTY TAX CUT OR LIMIT WHICH IS MANDAXED BY ARTICLE X, SECTION 20 OR OTHER PROVISIONS OF THE COLORADO CONSTITUTION, AS IT CURRENTLY EXISTS OR AS IT MAY BE AMENDED, AND (C) TO OFFSET REFUNDS AND ABATEMENTS; AND SHALL THE PROCEEDS OF SUCH TAXES AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND / IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION, SECTION 29-1-301, C.R.S., OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: One (1) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO.4 BALLOT ISSUE C: (Debt for Parks and Recreation) SHALL HAYMEADOW MB1I{OPOLITAN DISTRICT NO. 4 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO.4 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING PARKS AND RECREATION IMPROVEMENTS AND PROGRAMS AS AUTHORIZED BY LAW, INCLUDING WITHOUT LIMITATION PARKS, TRAILS, PATHS AND OPEN SPACE, TOGETHER WITH ALL NECESSARY, INCIDENTAL AND APPURTENANT FACILITTES, LAND AND EASEMENTS, AND ALL EXTENSIONS OF AND IMPROVEMENTS TO SUCH FACILITY FS WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICIHNT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: One (1) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO.4 BALLOT ISSUE D: (Debt for Drainage) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 4 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO.4 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LI HNS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING A STORMWATER MANAGEMENT SYSTEM, INCLUDING WITHOUT LIMITATION STORMWATER, SEWER, FLOOD AND SURFACE DRAINAGE FACILITIES AND SYSTEMS, DETENTION/RETENTION PONDS AND ASSOCIATED DRAINAGE FACILITIES, TOGETHER WITH ALL NECESSARY, INCIDENTAL AND APPURTENANT FACILIT I LAND AND EASEMENTS, AND ALL EXTENSIONS OF AND IMPROVEMENTS TO SUCH FACILITIES WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE. COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: NO: One (1) Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO.4 BALLOT ISSUE E: (Debt for Street Improvements) SHALL HAYMEADOW METROPOLITAN DISTRICT NO.4 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO.4 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LI I4NS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING STREET, ROADWAY AND RELATED LANDSCAPING IMPROVEMENTS, INCLUDING CURBS, GUTTERS, CULVERTS, AND OTHER DRAINAGE FACILITIES, PEDESTRIAN WAYS, BRIDGES, ALLEYS, PARKING FACILITY HS, PAVING, LIGHTING, GRADING, LANDSCAPING, IRRIGATION, AND STRUCTURES; AND STREET-RELATED ELECTRIC, TELEPHONE, AND GAS; TOGETHER WITH ALL NECESSARY, INCIDENTAL, AND APPURTENANT FACILITIES, LAND AND EASEMENTS, AND ALL EXTENSIONS OF AND IMPROVEMENTS TO SAID FACILITIES WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT • OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: NO: One (1) Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO.4 BALLOT ISSUE F: (Debt for Water) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 4 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO.4 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING COMPLETE POTABLE WATER SYSTEM AND A COMPLETE NONPOTABLE IRRIGATION WATER SYSTEM, INCLUDING BUT NOT LIMITED TO, WATER RIGHTS, WATER SUPPLY, TREATMENT, STORAGE, TRANSMISSION AND DISTRIBUTION SYSTEMS FOR PUBLIC OR PRIVATE PURPOSES, TOGETHER WITH ALL NECESSARY AND PROPER RESERVOIRS, TREATMENT WORKS AND FACILITIES, WELLS, WATER RIGHTS, EQUIPMENT AND APPURTENANCES INCIDENT THERETO WHICH MAY INCLUDE, BUT SHALL NOT BE LIMITED TO, TRANSMISSION LINES, DISTRIBUTION MAINS AND LATERALS, STORAGE FACILITIES, LAND AND EASEMENTS, TOGETHER WITH EXTENSIONS OF AND IMPROVEMENTS TO SAID FACILITIES OR SYSTEMS WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCHTIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: NO: One (11 Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 4 BALLOT ISSUE G: (Debt for Sewer) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 4 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 4 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING SANITARY SEWERS, WASTEWATER TREATMENT AND DISPOSAL WORKS AND FACILITIES, WATER QUALITY FACILITIES, EQUIPMENT AND APPURTENANCES INCIDENT THERETO, TOGETHER WITH ALL NECESSARY, INCIDENTAL AND APPURTENANT FACILITIES, LAND AND EASEMENTS, AND ALL NECESSARY EXTENSIONS OF AND IMPROVEMENTS TO SAID FACILITIES OR SYSTEMS WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: NO: One (11 Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO.4 BALLOT ISSUE H: (Debt for Transportation) SHALL HAYMEADOW METROPOLITAN DISTRICT NO.4 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL . HAYMEADOW METROPOLITAN DISTRICT NO.4 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING A. SYSTEM TO TRANSPORT THE PUBLIC BY BUS, RAIL, OR ANY OTHER MEANS OF CONVEYANCE, OR ANY COMBINATION THEREOF, TOGETHER WITH ALL NECESSARY, INCIDENTAL AND APPURTENANT FACILITIES, LAND AND EASEMENTS, AND ALL EXTENSIONS OF AND IMPROVEMENTS TO SUCH FACILITIES WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS 'AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: One (1) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO.4 BALLOT ISSUE I: (Debt for Traffic and Safety Controls) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 4 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO.4 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LI ENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING TRAFFIC AND SAFETY CONTROLS AND DEVICES ON STREETS AND HIGHWAYS AND AT RAILROAD CROSSINGS, TOGETHER WITH ALL NECESSARY, INCIDENTAL AND APPURTENANT FACILIT I ES, LAND AND EASEMENTS, AND ALL EXTENSIONS OF AND IMPROVEMENTS TO SUCH FACILITIES WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: One (1) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 4 BALLOT ISSUE J: (Debt for Mosquito Control) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 4 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 4 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LI HNS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING IMPROVEMENTS TO PROVIDE FOR THE ELIMINATION AND CONTROL OF MOSQUITOES, TOGETHER WITH ALL NECESSARY, INCIDENTAL AND APPURTENANT FACILITIES, LAND AND EASEMENTS, AND ALL EXTENSIONS OF AND IMPROVEMENTS TO SUCH FACILITIES WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY'AS MAYBE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY. DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: One (1) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO.4 BALLOT ISSUE K: (Debt for Fire Protection) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 4 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO.4 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING FIRE PROTECTION, TOGETHER WITH ALL NECESSARY, INCIDENTAL AND APPURTENANT FACILITIES, LAND AND EASEMENTS, AND ALL EXTENSIONS OF AND IMPROVEMENTS TO SUCH FACILITIES WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL-AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFIC I I-NT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: One (1) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO.4 BALLOT ISSUE L: (Debt for Refunding) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 4 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO.4 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LI KNS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF REFUNDING, PAYING, OR DEFEASING, IN WHOLE OR IN PART, BONDS, NOTES, OR OTHER FINANCIAL OBLIGATIONS OF THE DISTRICT; SUCH DEBT TO BEAR INTEREST AT A RATE TO BE DETERMINED BY THE DISTRICT BOARD, WHICH INTEREST RATE MAY BE HIGHER THAN THE INTEREST RATE BORNE BY THE OBLIGATIONS BEING REFUNDED BUT IN NO EVENT SHALL THE NET EFFECTIVE INTEREST RATE EXCEED 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED;: THE PRINCIPAL AMOUNT OF SUCH DEBT, TOGETHER WITH ALL OTHER DEBT OF THE DISTRICT AUTHORIZED BY ANY OTHER BALLOT QUESTION AND ALL DEBT ISSUED BY HAYMEADOW METROPOLITAN DISTRICT NOS. 1 TO 3, 5 AND 6, NOT TO EXCEED AN AGGREGATE OF $35,000,000; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING WITHOUT LIMITATION FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE. SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: NO: One (1) Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO.4 BALLOT ISSUE M: (Intergovernmental Agreements with the State or Political Subdivisions) SHALL HAYMEADOW METROPOLITAN DISTRICT NO.4 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 4 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT AND MULTIPLE-FISCAL YEAR OBLIGATIONS; SUCH DEBT AND OBLIGATIONS TO CONSIST OF ONE OR MORE INTERGOVERNMENTAL AGREEMENTS WITH THE STATE OR ANY POLITICAL SUBDIVISION OF THE STATE, INCLUDING THE TOWN OF EAGLE, COLORADO, AND HAYMEADOW METROPOLITAN DISTRICT NOS. 1 TO 3, 5 AND 6, FOR THE PURPOSE OF JOINTLY FINANCING THE COSTS OF ANY PUBLIC IMPROVEMENTS, FACILITIES, SYSTEMS, PROGRAMS, OR PROJECTS WHICH THE DISTRICT MAY LAWFULLY PROVIDE, OR FOR THE PURPOSE OF PROVIDING FOR THE OPERATIONS AND MAINTENANCE OF THE DISTRICT AND ITS FACILITIES AND PROPERTIES; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM THE DISTRICT'S OPERATING MILL LEVY IN AMOUNTS SUFFIC I FiNT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY FOR THE PURPOSES SPECIE! F,D ABOVE; AND IN CONNECTION THEREWITH SHALL THE DISTRICT BE AUTHORIZED TO MAKE COVENANTS REGARDING THE ESTABLISHMENT AND USE OF AD VALOREM TAXES, RATES, FEES, TOLLS, PENALTIES, AND OTHER CHARGES OR REVENUES OF THE DISTRICT, AND COVENANTS, REPRESENTATIONS, AND WARRANTIES AS TO OTHER MATTERS ARISING UNDER THE AGREEMENTS, ALL AS MAY BE DETERMINED BY THE BOARD OF DIRECTORS OF THE DISTRICT? YES: NO: One (1) Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO.4 BALLOT ISSUE N: (TABOR Exemption for Revenue) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 4 BE AUTHORIZED TO COLLECT, RETAIN, AND SPEND ANY AND ALL AMOUNTS ANNUALLY FROM ANY REVENUE SOURCES WHATSOEVER (INCLUDING WITHOUT LIMITATION ANY REVENUES FROM AD VALOREM PROPERTY TAXES, TAXES, SPECIFIC OWNERSHIP ,TAXES, FEES, RATES, TOLLS, PENALTI KS, OR CHARGES, STATE, FEDERAL AND PRIVATE GRANTS AND GIFTS, OR ANY OTHER SOURCE); AND SHALL SUCH REVENUES BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER AS A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: NO: One (1) Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO.4 BALLOT ISSUE 0: (Developer Agreements) SHALL HAYMEADOW METROPOLITAN DISTRICT NO.4 BE AUTHORIZED TO ENTER INTO AGREEMENTS WITH ANY DEVELOPER OF PROPERTY IN THE DISTRICT FOR THE PURPOSE OF FINANCING THE COSTS OF ANY PUBLIC IMPROVEMENTS, FACILITIES, SYSTEMS, OR PROJECTS WHICH THE DISTRICT MAY LAWFULLY PROVIDE, WHICH AGREEMENTS MAY CONSTITUTE DEBT OR INDEBTEDNESS AND MULTIPLE-FISCAL YEAR OBLIGATIONS OF THE DISTRICT TO THE EXTENT PROVIDED THEREIN AND OTHERWISE AUTHORIZED BY LAW, AND IN CONNECTION THEREWITH SHALL THE DISTRICT BE AUTHORIZED TO AGREE TO PAY SPECIFIED REVENUES OF THE DISTRICT TO THE DEVELOPERS, TO MAKE COVENANTS REGARDING THE REVENUES OF THE DISTRICT, AND TO MAKE COVENANTS, REPRESENTATIONS, AND WARRANTIES AS TO OTHER MATTERS ARISING UNDER THE AGREEMENTS, ALL AS MAY BE DETERMINED BY THE BOARD OF DIRECTORS OF THE DISTRICT? YES: One (1) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT` NO: 4 BALLOT ISSUE P: (Mortgage of Property) SHALL HAYMEADOW METROPOLITAN DISTRICT NO.4 BE AUTHORIZED TO ISSUE, CREATE, EXECUTE, AND DELIVER MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, WHETHER NOW OWNED OR HEREAFTER ACQUIRED, AND INCLUDING WITHOUT LIMITATION WATER AND WATER RIGHTS, SUCH ENCUMBRANCES OF THE DISTRICT AND OF HAYMEADOW METROPOLITAN DISTRICT NOS. 1 TO 3, 5 AND 6 TO BE IN THE AGGREGATE PRINCIPAL AMOUNT NOT TO EXCEED $35,000,000, PLUS INTEREST THEREON AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, ALL AS MAY BE DETERMINED BY THE BOARD OF DIRECTORS TO BE NECESSARY OR APPROPRIATE IN CONNECTION WITH THE ISSUANCE OF BONDS, NOTES, CONTRACTS, OR OTHER FINANCIAL OBLIGATIONS OF THE DISTRICT; SUCH ENCUMBRANCES TO BE CREATED FOR THE PURPOSE OF PROVIDING ADDITIONAL SECURITY FOR DISTRICT FINANCIAL OBLIGATIONS, AND TO BE CREATED AT ONE TIME OR FROM TIME TO TIME; SUCH MORTGAGES, DEEDS OF TRUST, LIENS, OR OTHER ENCUMBRANCES TO ENTITLE THE OWNER OR BENEFICIARY THEREOF TO FORECLOSE UPON AND TAKE TITLE TO AND POSSESSION OF THE DISTRICT PROPERTY SO ENCUMBERED, AND IN CONNECTION THEREWITH SHALL THE DISTRICT BE AUTHORIZED TO MAKE SUCH COVENANTS REGARDING THE USE OF THE ENCUMBERED PROPERTY AND OTHER MATTERS ARISING UNDER THE ENCUMBRANCE, ALL AS MAY BE DETERMINED BY THE BOARD OF DIRECTORS OF THE DISTRICT? YES: One (1) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO.4 BALLOT QUESTION Q (Transportation Services) Shall the Haymeadow Metropolitan District No. 4 be authorized to provide transportation services and exercise the power to establish, maintain, and operate a system to transport the public by bus, rail, or any other means of convenience, or any combination thereof, within and without the District boundaries, but only within Eagle County, Colorado, within which the District is located? YES: One (1) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 4 BALLOT QUESTION R (Waiver of Term Limits) Shall the limitations on terms of office of elected members of the Board of Directors of the Haymeadow Metropolitan District No. 4 be eliminated pursuant to Article XVIII, Section 11(2) of the Colorado Constitution? YES: One (1) NO: Zero (0) It is hereby identified and specified that: Total Number of Ballots Delivered to Electors (including UOCAVA ballots): Total Number of Ballots Voted Three (3) (including UOCAVA ballots): Two (2) Number of Ballots Returned Undelivered: Zero (0) Number of Spoiled Ballots (Replacement Ballot issued): One (1) Number of Rejected Ballots: One (1) Number of Defective Ballots: Zero (0) Number of Substitute Ballots Voted: Zero (0) Number of Unofficial Ballots Voted: Zero (0) Total Number of Ballots Returned to Designated Election Official (including UOCAVA ballots): Certified this 4th day of November, 2014. Two (2) Judge Of ill -(1-kAC kPv/x,(X ElectionAudge CANVASS BOARD'S CER! !CATE OF DETERMINATION OF OFFICIAL ELECTION RESULTS FOR THE SPECIAL ORGANIZATION ELECTION HELD NOVEMBER 4, 2014 FOR THE HAYMEADOW METROPOLITAN DISTRICT NO. 5 Each of the undersigned members of the Canvass Board of the Haymeadow Metropolitan District No. 5 ("District") certifies that the following is a true and correct determination of the official election results of the special organization election of the District, at which time the eligible electors of the District voted as indicated on the attached Judges' Certificate of Election Returns, and as a result of which the eligible electors elected to office the following Directors: Jens M. Werner Term to May, 2018 P.O. Box 2964 Avon, Colorado 81620 Richard J. Pyhnan Term to May, 2018 P.O. Box 1195, Edwards, Colorado 81632 Vacancy Term to May, 2018 Vacancy Term to May, 2016 Vacancy Term to May, 2016 The votes cast for and against each ballot issue and ballot question submitted were as follows: HAYMEADOW METROPOLITAN DISTRICT NO. 5 BALLOT QUESTION A: Shall Haymeadow Metropolitan District No. 5 be organized? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 5 BALLOT ISSUE B: SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 5 TAXES BE INCREASED $50,000 ANNUALLY (FIRST FULL FISCAL YEAR INCREASE) AND BY SUCH OTHER AMOUNTS COLLECTED IN EACH YEAR THEREAFTER FROM A MILL LEVY IMPOSED AT A RATE NOT TO EXCEED 50.000 MILLS (WITH THE ACTUAL MILL LEVY RATE FOR ANY FISCAL YEAR TO BE ADJUSTED DOWNWARDS OR UPWARDS BY THE BOARD OF DIRECTORS IN ITS DISCRETION) TO PAY THE DISTRICT'S ADMINISTRATION, OPERATIONS, MAINTENANCE, CAPITAL IMPROVEMENT AND OTHER EXPENSES WITHOUT LIMITATION; PROVIDED THAT SUCH MILL LEVY MAY BE ADJUSTED (A) TO ACCOUNT FOR CHANGES IN THE LAW OR THE METHOD BY WHICH ASSESSED VALUATION IS CALCULATED, INCLUDING A (00416777.DOC I} CHANGE IN THE PERCENTAGE OF ACTUAL VALUATION USED TO DETERMINE ASSESSED VALUATION, (B) TO OFFSET ANY PROPERTY TAX CUT OR LIMIT WHICH IS MANDATED BY ARTICLE X, SECTION 20 OR OTHER PROVISIONS OF THE • COLORADO CONSTITUTION, AS IT CURRENTLY EXISTS OR AS IT MAY BE AMENDED, AND (C) TO OFFSET REFUNDS AND ABATEMENTS; AND SHALL THE PROCEEDS OF SUCH TAXES AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION, SECTION 29-1-301, C.R.S., OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 5 BALLOT ISSUE C: (Debt for Parks and Recreation) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 5 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 5 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING PARKS AND RECREATION IMPROVEMENTS AND PROGRAMS AS AUTHORIZED BY LAW, INCLUDING WITHOUT LIMITATION PARKS, TRAILS, PATHS AND OPEN SPACE, TOGETHER WITH ALL NECESSARY, INCIDENTAL. AND APPURTENANT FACILITIES, LAND AND EASEMENTS, AND ALL EXTENSIONS OF AND IMPROVEMENTS TO SUCH FACILITIES WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMNE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL {00416777.DOC I} LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: Two (2) NO: Zero (0) HAYNLEADOW METROPOLITAN DISTRICT NO. 5 BALLOT ISSUE D: (Debt for Drainage) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 5 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 5 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LI I-NS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING A STORMWATER MANAGEMENT SYSTEM, INCLUDING WITHOUT LIMITATION STORMWATER, SEWER, FLOOD AND SURFACE DRAINAGE FACILITIES AND SYSTEMS, DETENTION/RETENTION PONDS AND ASSOCIATED DRAINAGE FACILITIES, TOGETHER WITH ALL NECESSARY, INCIDENTAL AND APPURTENANT FACILIT i FS, LAND AND EASEMENTS, AND ALL EXTENSIONS OF AND IMPROVEMENTS TO SUCH FACILITTES WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN {00416777.DOC EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 5 BALLOT ISSUE E: (Debt for Street Improvements) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 5 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 5 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING STREET, ROADWAY AND RELATED LANDSCAPING IMPROVEMENTS, INCLUDING CURBS, GUTTERS, CULVERTS, AND OTHER DRAINAGE FACILITIES, PEDESTRIAN WAYS, BRIDGES, ALLEYS, PARKING FACILITIES, PAVING, LIGHTING, GRADING, LANDSCAPING, IRRIGATION, AND STRUCTURES; AND STREET-RELATED ELECTRIC, TELEPHONE, AND GAS; TOGETHER WITH ALL NECESSARY, INCIDENTAL, AND APPURTENANT FACILITIES, LAND AND EASEMENTS, AND ALL EXTENSIONS OF AND IMPROVEMENTS TO SAID FACILIT I ES WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR {00416777.DOC I} EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFIC I INT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 5 BALLOT ISSUE F: (Debt for Water) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 5 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 5 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING COMPLETE POTABLE WATER SYSTEM AND A COMPLETE NONPOTABLE IRRIGATION WATER SYSTEM, INCLUDING BUT NOT LIMITED TO, WATER RIGHTS, WATER SUPPLY, TREATMENT, STORAGE, TRANSMISSION AND DISTRIBUTION SYSTEMS FOR PUBLIC OR PRIVATE PURPOSES, TOGETHER WITH ALL NECESSARY AND PROPER RESERVOIRS, TREATMENT WORKS AND FACILITIES, WELLS, WATER RIGHTS, EQUIPMENT AND APPURTENANCES INCIDENT THERETO WHICH MAY INCLUDE, BUT SHALL NOT BE LIMITED TO, TRANSMISSION LINES, DISTRIBUTION MAINS AND LATERALS, STORAGE FACILITIES, LAND AND EASEMENTS, TOGETHER WITH {00416777.DOC /} EXTENSIONS OF AND IMPROVEMENTS TO SAID FACILITIES OR SYSTEMS WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFIC1I-NT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: NO: Two (2) Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 5 BALLOT ISSUE G: (Debt for Sewer) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 5 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 5 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LTF,NS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING SANITARY SEWERS, WASTEWATER TREATMENT AND DISPOSAL WORKS AND FACTLIT I KS, WATER QUALITY FACILITIES, EQUIPMENT AND APPURTENANCES INCIDENT {00416777.DOC /} THERETO, TOGETHER WITH NECESSARY, INCIDENTAL AND APPURTENANT FACILITY VS, LAND AND EASEMENTS, AND ALL NECESSARY EXTENSIONS OF AND IMPROVEMENTS TO SAID FACILITIES OR SYSTEMS WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFIC i ENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 5 BALLOT ISSUE H: (Debt for Transportation) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 5 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 5 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING A SYSTEM TO TRANSPORT THE PUBLIC BY BUS, RAIL, OR ANY OTHER MEANS OF • {00416777.DOC :.CONVEYANCE, OR ANY COMBINATION THEREOF, TOGETHER WITH ALL NECESSARY, INCIDENTAL AND APPURTENANT FACILITIES, LAND AND EASEMENTS, AND ALL EXTENSIONS OF AND IMPROVEMENTS TO SUCH FACILIT I VS WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 5 BALLOT ISSUE I: (Debt for Traffic and Safety Controls) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 5 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 5 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING TRAFFIC {00416777.DOC I) AND SAFETY CONTROLS AND DEVICES:ON STREETS AND HIGHWAYS AND AT RAILROAD CROSSINGS, TOGETHER WITH ALL NECESSARY, INCIDENTAL AND APPURTENANT FACILITI F.S, LAND AND EASEMENTS, AND ALL EXTENSIONS OF AND IMPROVEMENTS TO SUCH FACILITIES WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND TEE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: Two (2) NO: , Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO.5 BALLOT ISSUE J: (Debt for Mosquito Control) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 5 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO.5 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LTFNS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING [004167771)0C I} IMPROVEMENT-S.1'0 PROVIDE FOR THE ELIMINATION AND CONTROL OF MOSQUITOES, TOGETHER WITH ALL NECESSARY, INCIDENTAL AND APPURTENANT FACILITI KS, LAND AND EASEMENTS, AND ALL EXTENSIONS OF AND IMPROVEMENTS TO SUCH FACILITIES WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE. DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 5 BALLOT ISSUE K: (Debt for Fire Protection) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 5 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 5 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING FIRE {00416777.DOC I) PROTECTION, TOGETHER WITH ALL NECESSARY, INCIDENTAL AND APPURTENANT FACILITIES, LAND AND EASEMENTS, AND ALL EXTENSIONS OF AND IMPROVEMENTS TO SUCH FACILITIES WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 5 BALLOT ISSUE L: (Debt for Refunding) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 5 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 5 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF REFUNDING, PAYING, OR DEFEASING, IN WHOLE OR IN PART, BONDS, NOTES, OR OTHER FINANCIAL OBLIGATIONS OF THE DISTRICT; SUCH DEBT TO BEAR INTEREST ATA RATE TO BE DETERMINED BY THE DISTRICT BOARD, WHICH INTEREST RATE MAY BE HIGHER THAN THE (00416777.DOC I) INTER _EST RATE BORNE BY:THE OBLIGATIONS BEING REFUNDED BUT IN NQ EVENT SHALL THE NET EFFECTIVE INTEREST RATE EXCEED 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; THE PRINCIPAL' AMOUNT OF SUCH DEBT, TOGETHER WITH ALL OTHER DEBT OF THE DISTRICT AUTHORIZED BY ANY OTHER BALLOT QUESTION AND ALL DEBT ISSUED BY HAYMEADOW METROPOLITAN DISTRICT NOS. 1 TO 4 AND 6, NOT TO EXCEED AN AGGREGATE OF $35,000,000; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING WITHOUT LIMITATION FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICE ENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT. BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 5 BALLOT ISSUE M: (Intergovernmental Agreements with the State or Political Subdivisions) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 5 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 5 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT AND MULTIPLE-FISCAL YEAR OBLIGATIONS; SUCH DEBT AND OBLIGATIONS TO CONSIST OF ONE OR MORE INTERGOVERNMENTAL AGREEMENTS WITH THE STATE OR ANY POLITICAL SUBDIVISION OF THE STATE, INCLUDING THE TOWN OF EAGLE, COLORADO, AND HAYMEADOW METROPOLITAN DISTRICT NOS. 1 TO 4, AND 6, FOR THE PURPOSE OF JOINTLY FINANCING THE COSTS OF ANY PUBLIC IMPROVEMENTS, FACILIT SYSTEMS, PROGRAMS, OR PROJECTS WHICH THE DISTRICT MAY LAWFULLY PROVIDE, OR {00416777.DOC FOR:THE PURPOSE OF PROVIDING FOR THE OPERATIONS AND MAINTENANCE OF . THE DISTRICT AND ITS FACILITIES AND PROPERTIES; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM THE DISTRICT'S OPERATING MILL LEVY IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH T ESSER AMOUNT AS MAY BE NECESSARY FOR THE PURPOSES SPECIFIED ABOVE; AND IN CONNECTION THEREWITH SHALL THE DISTRICT BE AUTHORIZED TO MAKE COVENANTS REGARDING THE ESTABLISHMENT AND USE OF AD VALOREM TAXES, RATES, FEES, TOLLS, PENALTIES, AND OTHER CHARGES OR REVENUES OF THE DISTRICT, AND COVENANTS, REPRESENTATIONS, AND WARRANTIES AS TO OTHER MATTERS ARISING UNDER THE AGREEMENTS, ALL AS MAY BE DETERMINED BY THE BOARD OF DIRECTORS OF THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 5 BALLOT ISSUE N: (TABOR Exemption for Revenue) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 5 BE AUTHORIZED TO COLLECT, RETAIN, AND SPEND ANY AND ALL AMOUNTS ANNUALLY FROM ANY REVENUE SOURCES WHATSOEVER (INCLUDING WITHOUT LIMITATION ANY REVENUES FROM AD VALOREM PROPERTY TAXES, TAXES, SPECIFIC OWNERSHIP TAXES, FEES, RATES, TOLLS, PENALTIES, OR CHARGES, STATE, FEDERAL AND PRIVATE GRANTS AND GIFTS, OR ANY OTHER SOURCE); AND SHALL SUCH REVENUES BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER AS A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, REVENUE-RAISING, • OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 5 BALLOT ISSUE 0: (Developer Agreements) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 5 BE AUTHORIZED TO ENTER INTO AGREEMENTS WITH ANY DEVELOPER OF PROPERTY IN THE DISTRICT FOR THE PURPOSE OF FINANCING THE COSTS OF ANY PUBLIC IMPROVEMENTS, FACILITIES, SYSTEMS, OR PROJECTS WHICH THE DISTRICT MAY LAWFULLY PROVIDE, WHICH AGREEMENTS MAY CONSTITUTE DEBT OR INDEBTEDNESS AND MULTIPLE-FISCAL YEAR OBLIGATIONS OF THE DISTRICT TO THE EXTENT PROVIDED THEREIN AND OTHERWISE AUTHORIZED BY LAW, AND IN- {00416777.DOC/}. rg..454.1 147.-3 , _ L CONNECTION THEREWITH SHALL THE DISTRICT BE AUTHORIZED TO AGREE TO PAY SPECIE i HD REVENUES OF THE DISTRICT TO THE DEVELOPERS, TO MAKE COVENANTS REGARDING THE REVENUES OF THE DISTRICT, AND TO MAKE COVENANTS, REPRESENTATIONS, AND WARRANT (1-1S AS TO OTHER MATTERS ARISING UNDER THE AGREEMENTS, ALL AS MAY BE DETERMINED BY THE BOARD OF DIRECTORS OF THE DISTRICT? YES: NO: Two (2) Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO.5 BALLOT ISSUE P: (Mortgage of Property) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 5 BE AUTHORIZED TO ISSUE, CREATE, EXECUTE, AND DELIVER MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, WHETHER NOW OWNED OR HEREAFTER ACQUIRED, AND INCLUDING WITHOUT. LIMITATION WATER AND WATER RIGHTS, SUCH ENCUMBRANCES OF THE DISTRICT AND OF HAYMEADOW METROPOLITAN DISTRICT NOS. 1 TO 4, AND 6 TO BE IN THE AGGREGATE PRINCIPAL AMOUNT NOT TO EXCEED $35,000,000, PLUS INTEREST THEREON AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, ALL AS MAY BE DETERMINED BY THE BOARD OF DIRECTORS TO BE NECESSARY OR APPROPRIATE IN CONNECTION WITH THE ISSUANCE OF BONDS, NOTES, CONTRACTS, OR OTHER FINANCIAL OBLIGATIONS OF THE DISTRICT; SUCH ENCUMBRANCES TO BE CREATED FOR THE PURPOSE OF PROVIDING ADDITIONAL SECURITY FOR DISTRICT FINANCIAL OBLIGATIONS, AND TO BE CREATED AT ONE TIME OR FROM TIME TO TIME; SUCH MORTGAGES, DEEDS OF TRUST, Li FNS, OR OTHER ENCUMBRANCES TO ENTITLE THE OWNER OR BENEFICIARY THEREOF TO FORECLOSE UPON AND TAKE TITLE TO AND POSSESSION OF THE DISTRICT PROPERTY SO ENCUMBERED, AND IN CONNECTION THEREWITH SHALL THE DISTRICT BE AUTHORIZED TO MAKE SUCH COVENANTS REGARDING THE USE OF THE ENCUMBERED PROPERTY AND OTHER MATTERS ARISING UNDER THE ENCUMBRANCE, ALL AS MAY BE DETERMINED BY THE BOARD OF DIRECTORS OF THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO.5 BALLOT QUESTION Q (Transportation Services) Shall the Haymeadow Metropolitan District No. 5 be authorized to provide transportation services and exercise the power to establish, maintain, and operate a system to transport the (00416777330C I} YES: NO: CERTIFIED this 5th day of Nov her, Designated E Official Two (2) Zero (0) public by bus, rail, or any other means of convenience, or any combination thereof, within and without the District boundaries, but only within Eagle County, Colorado, within which the District is located? YES: Two (2) . NO: Zero (0) IIAYMEADOW METROPOLITAN DISTRICT NO. 5 BALLOT QUESTION R (Waiver of Tenn Limits) Shall the limitations on terms of office of elected members of the Board of Directors of the Haymeadow Metropolitan District No. 5 be eliminated pursuant to Article XVIII, Section 11(2) of the Colorado Constitution? Contact Person for District: Da eher Collins Cockrel & Cole Business Address: 390 Union Boulevard, Suite 400 Denver, Colorado 80228 Telephone Number: (303) 986-1551 _.{00416777.DOC t:gt2:5-:=05:€-Y5IFff:c7.1jty,=.7W-W-,9 EXHIBIT A (Attach Judges' Certificate of Election Returns) {00416777.DOC JUDGES' CERTIFICATE OF MAIL BALLOT ELECTION RETURNS AND STATEMENT OF BALLOTS FOR HAYMEADOW METROPOLITAN DISTRICT NO. 5 IT IS HEREBY CERTIF I FD by the undersigned, who conducted the mail ballot election held in the Haymeadow Metropolitan District No. 5, in Eagle County, Colorado, on the 4th day of November, 2014, that after qualifying by swearing and subscribing to their Oaths of Office, they opened the polls at 7:00 a.m., and that they kept the polls open continuously until the hour of 7:00 p.m. on such date, after which they counted the ballots. cast for Directors of the District and for the ballot issues and ballot questions submitted in accordance with the Colorado' Local Government Election Code. That the votes cast for Director of the District to act until the first regular election in May, 2016: CANDIDATE FOR DIRECTOR There were no candidates That the votes cast for Director of the District to act until the second regular election in May, 2018: CANDIDATE FOR DIRECTOR NUMBER OF VOTES CAST Jens M. Werner Two (2) Richard Pylman Two (2) That the votes cast for and against the ballot questions and ballot issues submitted were as follows: HAYMEADOW METROPOLITAN DISTRICT NO. 5 BALLOT QUESTION A: Shall Haymeadow Metropolitan District No. 5 be organized? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 5 BALLOT ISSUE B: SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 5 TAXES BE INCREASED $50,000 ANNUALLY (FIRST FULL FISCAL YEAR INCREASE) AND BY SUCH OTHER AMOUNTS COLLECTED IN EACH YEAR THEREAFTER FROM A MILL LEVY IMPOSED AT A RATE NOT TO EXCEED 50.000 MILLS (WITH THE ACTUAL MILL LEVY RATE FOR ANY FISCAL YEAR TO BE ADJUSTED DOWNWARDS OR UPWARDS BY THE BOARD OF DIRECTORS IN ITS DISCRETION) TO PAY THE DISTRICT'S ADMINISTRATION, OPERATIONS, MAINTENANCE, CAPITAL IMPROVEMENT AND OTHER EXPENSES WITHOUT LIMITATION; PROVIDED THAT SUCH MILL LEVY MAY BE ADJUSTED (A) TO ACCOUNT FOR CHANGES IN THE LAW OR THE METHOD BY WHICH ASSESSED VALUATION IS CALCULATED, INCLUDING A CHANGE IN THE PERCENTAGE OF ACTUAL VALUATION USED TO DETERMINE ASSESSED VALUATION, (B) TO OFFSET ANY PROPERTY TAX CUT OR LIMIT WHICH IS MANDATED BY ARTICLE X, SECTION 20 OR OTHER PROVISIONS OF THE COLORADO CONSTITUTION, AS IT CURRENTLY EXISTS OR AS IT MAY BE AMENDED, AND (C) TO OFFSET REFUNDS AND ABATEMENTS; AND SHALL THE PROCEEDS OF SUCH TAXES AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION, SECTION 29-1-301, C.R.S., OR ANY OTHER LAW, AND WITHOUT LIMITING IN YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 5 BALLOT ISSUE C: (Debt for Parks and Recreation) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 5 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 5 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING PARKS AND RECREATION IMPROVEMENTS AND PROGRAMS AS AUTHORIZED BY LAW, INCLUDING WITHOUT LIMITATION PARKS, TRAILS, PATHS AND OPEN SPACE, TOGETHER WITH ALL NECESSARY, INCIDENTAL AND APPURTENANT FACILITIES, LAND AND EASEMENTS, AND ALL EXTENSIONS OF AND IMPROVEMENTS TO SUCH FACILITIES WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL . LEVY IMPOSED WITHOUT LIMITATION OF =RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFIC I HNT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED 'WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: Two (2) NO: Zero (0) - HAYMEADOW METROPOLITAN DISTRICT NO. 5 BALLOT ISSUE D: (Debt for Drainage) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 5 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 5 TAXES BE INCREASED $41;300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING A STORMWATER MANAGEMENT SYSTEM, INCLUDING WITHOUT LIMITATION STORMWATER, SEWER, FLOOD AND SURFACE DRAINAGE FACILITIES AND SYSTEMS, DETENTION/RETENTION PONDS AND ASSOCIATED DRAINAGE FACILITIES, TOGETHER WITH ALL NECESSARY, INCIDENTAL AND APPURTENANT FACILITIES, LAND AND EASEMENTS, AND ALL EXTENSIONS OF AND IMPROVEMENTS TO SUCH FACILITIES WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES. OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN- ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: Two (2) NO: • Zero (0) HAY-MEADOW METROPOLITAN DISTRICT NO. 5 BALLOT ISSUE E: (Debt for Street Improvements) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 5 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 5 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING STREET, ROADWAY AND RELATED LANDSCAPING IMPROVEMENTS, INCLUDING CURBS, GUTTERS, CULVERTS, AND OTHER DRAINAGE FACILITIES, PEDESTRIAN WAYS, BRIDGES, ALLEYS, PARKING FACILIT I tiS, PAVING, LIGHTING, GRADING, LANDSCAPING, IRRIGATION, AND STRUCTURES; AND STREET-RELATED ELECTRIC, TELEPHONE, AND GAS; TOGETHER WITH ALL NECESSARY, INCIDENTAL, AND APPURTENANT FACILITIES, LAND AND EASEMENTS, AND ALL EXTENSIONS OF AND IMPROVEMENTS TO SAID FACILITIES WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFIC ENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IP ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 5 BALLOT ISSUE F: (Debt for Water) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 5 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 5 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LI ENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING COMPLETE POTABLE WATER SYSTEM AND A COMPLETE NONPOTABLE IRRIGATION WATER SYSTEM, INCLUDING BUT NOT LIMITED TO, WATER RIGHTS, WATER SUPPLY, TREATMENT, STORAGE, TRANSMISSION AND DISTRIBUTION SYSTEMS FOR PUBLIC OR PRIVATE PURPOSES, TOGETHER WITH ALL NECESSARY AND PROPER RESERVOIRS, TREATMENT WORKS AND FACILITIES, WELLS, WATER RIGHTS, EQUIPMENT AND APPURTENANCES INCIDENT THERETO WHICH MAY INCLUDE, BUT SHALL NOT BE LIMITED TO, TRANSMISSION LINES, DISTRIBUTION MAINS AND LATERALS, STORAGE FACILITIES, LAND AND EASEMENTS, TOGETHER WITH EXTENSIONS OF AND IMPROVEMENTS TO SAID FACILITIES OR SYSTEMS WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH-TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: NO: Two (2) Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 5 BALLOT ISSUE G: (Debt for Sewer) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 5 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 5 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF. TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING SANITARY SEWERS, WASTEWATER TREATMENT AND DISPOSAL WORKS AND FACILITIES, WATER QUALITY FACILITIES, EQUIPMENT AND APPURTENANCES INCIDENT THERETO, TOGETHER WITH ALL NECESSARY, INCIDENTAL AND APPURTENANT FACILIT 114,S, LAND AND EASEMENTS, AND ALL NECESSARY EXTENSIONS OF AND IMPROVEMENTS TO SAID FACILITIES OR SYSTEMS WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER-ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT;. AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: NO: Two (2) Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 5 BALLOT ISSUE H: (Debt for Transportation) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 5 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000,-AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 5 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING A SYSTEM TO TRANSPORT THE PUBLIC BY BUS, RAIL, OR ANY OTHER MEANS OF CONVEYANCE, OR ANY COMBINATION THEREOF, TOGETHER WITH ALL NECESSARY, INCIDENTAL AND APPURTENANT FACILITIES, LAND AND EASEMENTS, AND ALL EXTENSIONS OF AND IMPROVEMENTS TO SUCH FACILITIES WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH . DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH-`TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE; INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO.5 BALLOT ISSUE I: (Debt for Traffic and Safety Controls) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 5 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO.5 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING TRAFFIC AND SAFETY CONTROLS AND DEVICES ON STREETS AND HIGHWAYS AND AT RAILROAD CROSSINGS, TOGETHER WITH ALL NECESSARY, INCIDENTAL AND APPURTENANT FACILITIES, LAND AND EASEMENTS, AND ALL EXTENSIONS OF AND IMPROVEMENTS TO SUCH FACILITIES WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN- ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 5 BALLOT ISSUE J: (Debt for Mosquito Control) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 5 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 5 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LI ENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING IMPROVEMENTS TO PROVIDE FOR THE ELIMINATION AND CONTROL OF MOSQUITOES, TOGETHER WITH ALL NECESSARY, INCIDENTAL AND APPURTENANT FACILITIES, LAND AND EASEMENTS, AND ALL EXTENSIONS OF AND IMPROVEMENTS TO SUCH FACILITIES WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY:AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS. OF THE DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY TEE DISTRICT BOARD AND IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY; AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A • VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO.5 BALLOT ISSUE K: (Debt for Fire Protection) SHALL HAYMEADOW METROPOLITAN DISTRICT NO 5 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO.5 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING FIRE PROTECTION, TOGETHER WITH ALL NECESSARY, INCIDENTAL AND APPURTENANT FACILITIES, LAND AND EASEMENTS, AND ALL EXTENSIONS OF AND IMPROVEMENTS TO SUCH FACILITIES WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO - THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 5 BALLOT ISSUE L: (Debt for Refunding) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 5 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 5 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF REFUNDING, PAYING, OR DEFEASING, IN WHOLE OR IN PART, BONDS, NOTES, OR OTHER FINANCIAL OBLIGATIONS OF THE DISTRICT; SUCH DEBT TO BEAR INTEREST AT A RATE TO BE DETERMINED BY THE DISTRICT BOARD, WHICH INTEREST RATE MAY BE HIGHER THAN THE INTEREST RATE BORNE BY THE OBLIGATIONS BEING REFUNDED BUT IN NO EVENT SHALL THE NET EFFECTIVE INTEREST RATE EXCEED 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED;"--THEPRINCIPAL AMOUNT OF SUCH DEBT, TOGETHER WITH ALL OTHER DEBT OF THE DISTRICT AUTHORIZED BY ANY OTHER BALLOT QUESTION AND ALL DEBT ISSUED BY HAYMEADOW METROPOLITAN DISTRICT NOS. 1 TO 4 AND 6, NOT TO EXCEED AN AGGREGATE OF $35,000,000; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING WITHOUT LIMITATION FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICI FiNT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: NO: Two (2) Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 5 BALLOT ISSUE M: (Intergovernmental Agreements with the State or Political Subdivisions) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 5 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 5 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT AND MULTIPLE-FISCAL YEAR OBLIGATIONS; SUCH DEBT AND OBLIGATIONS TO CONSIST OF ONE OR MORE INTERGOVERNMENTAL AGREEMENTS WITH THE STATE OR ANY POLITICAL SUBDIVISION OF THE STATE, INCLUDING THE TOWN OF EAGLE, COLORADO, AND HAYMEADOW METROPOLITAN DISTRICT NOS. 1 TO 4, AND 6, FOR THE PURPOSE OF JOINTLY FINANCING THE COSTS OF ANY PUBLIC IMPROVEMENTS, FACILITIES, SYSTEMS, PROGRAMS, OR PROJECTS WHICH THE DISTRICT MAY LAWFULLY PROVIDE, OR FOR THE PURPOSE OF PROVIDING FOR THE OPERATIONS AND MAINTENANCE OF THE DISTRICT AND ITS FACILITIES AND PROPERTIES; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM THE DISTRICT'S OPERATING MILL LEVY IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY FOR THE PURPOSES SPECIFI KD ABOVE; AND IN CONNECTION THEREWITH SHALL THE DISTRICT BE AUTHORIZED TO MAKE COVENANTS REGARDING THE ESTABLISHMENT AND USE OF AD VALOREM TAXES, RATES, FEES, TOLLS, PENALTIES, AND OTHER CHARGES OR REVENUES OF THE DISTRICT, AND COVENANTS, REPRESENTATIONS, AND WARRANTIES. AS TO OTHER • MATTERS ARISING UNDER THE AGREEMENTS, ALL AS MAY BE DETERMINED BY THE BOARD OF DIRECTORS OF THE DISTRICT? YES: NO: Two (2) Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 5 BALLOT ISSUE N: (TABOR Exemption for Revenue) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 5 BE AUTHORIZED TO COLLECT, RETAIN, AND SPEND ANY AND ALL AMOUNTS ANNUALLY FROM ANY REVENUE SOURCES WHATSOEVER (INCLUDING WITHOUT LIMITATION ANY REVENUES FROM AD VALOREM PROPERTY TAXES, TAXES, SPECIFIC OWNERSHIP TAXES, FEES, RATES, TOLLS, PENALTIES, OR CHARGES, STATE, FEDERAI, AND PRIVATE GRANTS AND GIFTS, OR ANY OTHER SOURCE); AND SHALL SUCH REVENUES BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER AS A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 5 BALLOT ISSUE 0: (Developer Agreements) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 5 BE AUTHORIZED TO ENTER INTO AGREEMENTS WITH ANY DEVELOPER OF PROPERTY IN THE DISTRICT FOR THE PURPOSE OF FINANCING THE COSTS OF ANY PUBLIC IMPROVEMENTS, FACILITIES, SYSTEMS, OR PROJECTS WHICH THE DISTRICT MAY LAWFULLY PROVIDE, WHICH AGREEMENTS MAY CONSTITUTE DEBT OR INDEBTEDNESS AND MULTIPLE-FISCAL YEAR OBLIGATIONS OF THE DISTRICT TO THE EXTENT PROVIDED THEREIN AND OTHERWISE AUTHORIZED BY LAW, AND IN CONNECTION THEREWITH SHALL THE DISTRICT BE AUTHORIZED TO AGREE TO PAY SPECIFIED REVENUES OF THE DISTRICT TO THE DEVELOPERS, TO MAKE COVENANTS REGARDING THE REVENUES OF THE DISTRICT, AND TO MAKE COVENANTS, REPRESENTATIONS, AND WARRANTIES AS TO OTHER MATTERS ARISING UNDER THE AGREEMENTS, ALL AS MAY BE DETERMINED BY THE BOARD OF DIRECTORS OF THE DISTRICT? YES: Two (2) Zero (0) NO: HAYMEADOW METROPOLITAN DISTRICT-NO: 5 BALLOT ISSUE P: (Mortgage of Property) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 5 BE AUTHORIZED TO ISSUE, CREATE, EXECUTE, AND DELIVER MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, WHETHER NOW OWNED OR HEREAFTER ACQUIRED, AND INCLUDING WITHOUT LIMITATION WATER AND WATER RIGHTS, SUCH ENCUMBRANCES OF THE DISTRICT AND OF HAYMEADOW METROPOLITAN DISTRICT NOS. 1 TO 4, AND 6 TO BE IN THE AGGREGATE PRINCIPAL AMOUNT NOT TO EXCEED $35,000,000, PLUS INTEREST THEREON AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, ALL AS MAY BE DETERMINED BY THE BOARD OF DIRECTORS TO BE NECESSARY OR APPROPRIATE IN CONNECTION WITH THE ISSUANCE OF BONDS, NOTES, CONTRACTS, OR OTHER FINANCIAL OBLIGATIONS OF THE DISTRICT; SUCH ENCUMBRANCES TO BE CREATED FOR THE PURPOSE OF PROVIDING ADDITIONAL SECURITY FOR DISTRICT FINANCIAL OBLIGATIONS, AND TO BE CREATED AT ONE TIME OR FROM TIME TO TIME; SUCH MORTGAGES, DEEDS OF TRUST, LI FNS, OR OTHER ENCUMBRANCES TO ENTITLE THE OWNER OR BENEFICIARY THEREOF TO FORECLOSE UPON AND TAKE TITLE TO AND POSSESSION OF THE DISTRICT PROPERTY SO ENCUMBERED, AND IN CONNECTION THEREWITH SHALL THE DISTRICT BE AUTHORIZED TO MAKE SUCH COVENANTS REGARDING THE USE OF THE ENCUMBERED PROPERTY AND OTHER MATTERS ARISING UNDER THE ENCUMBRANCE, ALL AS MAY BE DETERMINED BY THE BOARD OF DIRECTORS OF THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 5 BALLOT QUESTION Q (Transportation Services) Shall the Haymeadow Metropolitan District No. 5 be authorized to provide transportation services and exercise; the power to establish, maintain, and operate a system to transport the public by bus, rail, or any other means of convenience, or any combination thereof, within and without the District boundaries, but only within Eagle County, Colorado, within which the District is located? YES: Two (2) NO: Zero (0) f3=7575: „ t - • HAYMEADOW METROPOLITAN DISTRICT NO. 5 BALLOT QUESTION R (Waiver of Term Limits) Shall the limitations on tennis of office of elected members of the Board of Directors of the Haymeadow Metropolitan District No. 5 be eliminated pursuant to Article XVIII, Section 11(2) of the Colorado Constitution? YES: Two (2) NO: Zero (0) It is hereby identified and specified that: Total Number of Ballots Delivered to Electors (including UOCAVA ballots): Total Number of Ballots Voted Three (3) (including UOCAVA ballots): Two (2) Number of Ballots Returned Undelivered: Zero (0) Number of Spoiled Ballots (Replacement Ballot issued): One (1) Number of Rejected Ballots: Zero (0) Number of Defective Ballots: Zero (0) Number of Substitute Ballots Voted: Zero (0) Number of Unofficial Ballots Voted: Zero (0) Total Number of Ballots Returned to Designated Election Official (including UOCAVA ballots): Certified this 4th day of November, 2014. Two (2) CANVASS BOARD'S CERTIFICATE OF DE TERMINATION OF OFFICIAL ELECTION RESULTS FOR THE SPECIAL ORGANIZATION ELECTION HELD NOVEMBER 4, 2014 FOR THE HAYMEADOW METROPOLITAN DISTRICT NO.6 Each of the undersigned members of the Canvass Board of the Haymeadow Metropolitan District No. 6 ("District") certifies that the following is a true and correct determination of the official election results of the special organization election of the District, at which time the eligible electors of the District voted as indicated on the attached Judges' Certificate of Election Returns, and as a result of which the eligible electors elected to office the following Directors: Jens M. Werner Term to May, 2018 P.O. Box 2964 Avon, Colorado 81620 Richard J. Pylman Term to May, 2018 P.O. Box 1195 Edwards, Colorado 81632 Vacancy Term to May, 2018 Vacancy Term to May, 2016 Vacancy Term to May, 2016 The votes cast for and against each ballot issue and ballot question submitted were as follows: HAYMEADOW METROPOLITAN DISTRICT NO.6 BALLOT QUESTION A: Shall Haymeadow Metropolitan District No. 6 be organized? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO.6 BALLOT ISSUE B: SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 6 TAXES BE INCREASED $50,000 ANNUALLY (FIRST FULL FISCAL YEAR INCREASE) AND BY SUCH OTHER AMOUNTS COLLECTED IN EACH YEAR THEREAFTER FROM A MILL LEVY IMPOSED AT A RATE NOT TO EXCEED 50.000 MILLS (WITH THE ACTUAL MILL LEVY RATE FOR ANY FISCAL YEAR TO BE ADJUSTED DOWNWARDS OR UPWARDS BY THE BOARD OF DIRECTORS IN ITS DISCRETION) TO PAY THE DISTRICT'S ADMINISTRATION, OPERATIONS, MAINTENANCE, CAPITAL IMPROVEMENT AND OTHER EXPENSES WITHOUT LIMITATION; PROVIDED THAT SUCH MILL LEVY MAY BE ADJUSTED (A) TO ACCOUNT FOR CHANGES IN THE LAW OR THE METHOD BY WHICH ASSESSED VALUATION IS CALCULATED, INCLUDING A (00416946.DOC /} CHANGE IN THE PERCENTAGE OF ACTUAL VALUATION USED TO DETERMINE ASSESSED VALUATION, (B) TO OFFSET ANY PROPERTY TAX CUT OR LIMIT WHICH IS MANDATED BY ARTICLE X, SECTION 20 OR OTHER PROVISIONS OF THE COLORADO CONSTITUTION, AS IT CURRENTLY EXISTS OR AS IT MAY BE AMENDED, AND (C) TO OFFSET REFUNDS AND ABATEMENTS; AND SHALL THE PROCEEDS OF SUCH TAXES AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION, SECTION 29-1-301, C.R.S., OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 6 BALLOT ISSUE C: (Debt for Parks and Recreation) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 6 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 6 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAYBE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, URNS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING PARKS AND RECREATION IMPROVEMENTS AND PROGRAMS AS AUTHORIZED BY LAW, INCLUDING WITHOUT LIMITATION PARKS, TRAILS, PATHS AND OPEN SPACE, , TOGETHER WITH ALL NECESSARY, INCIDENTAL AND APPURTENANT FACILITIES, LAND AND EASEMENTS, AND ALL EXTENSIONS OF AND IMPROVEMENTS TO SUCH FACILITIES WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL [00416946.DOC I} LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICE HNT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 6 BALLOT ISSUE D: (Debt for Drainage) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 6 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 6 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING A STORMWATER MANAGEMENT SYSTEM, INCLUDING WITHOUT LIMITATION STORMWATER, SEWER, FLOOD AND SURFACE DRAINAGE FACILITIES AND SYSTEMS, DETENTION/RETENTION PONDS AND ASSOCIATED DRAINAGE FACILITIES, TOGETHER WITH ALL NECESSARY, INCIDENTAL AND APPURTENANT FACILITIES, LAND AND EASEMENTS, AND ALL EXTENSIONS OF AND IMPROVEMENTS TO SUCH FACILITIES WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18%\ PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN {00416946.DOC /} EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 6 BALLOT ISSUE E: (Debt for Street Improvements) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 6 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 6 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING STREET, ROADWAY AND RELATED LANDSCAPING IMPROVEMENTS, INCLUDING CURBS, GUTTERS, CULVERTS, AND OTHER DRAINAGE FACILITIES, PEDESTRIAN WAYS, BRIDGES, ALLEYS, PARKING FACILITIES, PAVING, LIGHTING, GRADING, LANDSCAPING, IRRIGATION, AND STRUCTURES; AND STREET-RELATED ELECTRIC, TELEPHONE, AND GAS; TOGETHER WITH ALL NECESSARY, INCIDENTAL, AND APPURTENANT FACILITIES, LAND AND EASEMENTS, AND ALL EXTENSIONS OF AND IMPROVEMENTS TO SAID FACILITIES WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR {00416946.DOC /} EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 6 BALLOT ISSUE F: (Debt for Water) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 6 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 6 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING COMPLETE POTABLE WATER SYSTEM AND A COMPLETE NONPOTABLE IRRIGATION WATER SYSTEM, INCLUDING BUT NOT LIMITED TO, WATER RIGHTS, WATER SUPPLY, • TREATMENT, STORAGE, TRANSMISSION AND DISTRIBUTION SYSTEMS FOR PUBLIC OR PRIVATE PURPOSES, TOGETHER WITH ALL NECESSARY AND PROPER RESERVOIRS, TREATMENT WORKS AND FACILITIES, WELLS, WATER RIGHTS, EQUIPMENT AND APPURTENANCES INCIDENT THERETO WHICH MAY INCLUDE, BUT SHALL NOT BE LIMITED TO, TRANSMISSION LINES, DISTRIBUTION MAINS AND LATERALS, STORAGE FACILITIES, LAND AND EASEMENTS, TOGETHER WITH {00416946.DOC I} EXTENSIONS OF AND IMPROVEMENTS TO SAID FACILITIES OR SYSTEMS WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFIC ENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 6 BALLOT ISSUE G: (Debt for Sewer) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 6 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 6 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING SANITARY SEWERS, WASTEWATER TREATMENT AND DISPOSAL WORKS AND FACILITIES, WATER QUALITY FACILITIES, EQUIPMENT AND APPURTENANCES INCIDENT (00416946.DOC I} THERETO, TOGETHER WITH ALL NECESSARY, INCIDENTAL AND APPURTENANT FACILIT RS, LAND AND EASEMENTS, AND ALL NECESSARY EXTENSIONS OF AND IMPROVEMENTS TO SAID FACILITIES OR SYSTEMS WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICi HNT TO PRODUCE THE ANNUAL • INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 6 BALLOT ISSUE H: (Debt for Transportation) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 6 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 6 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING A SYSTEM TO TRANSPORT THE PUBLIC BY BUS, RAIL, OR ANY OTHER MEANS OF t00416946.DOC I) CONVEYANCE, OR ANY COMBINATION THEREOF, TOGETHER WITH ALL NECESSARY, INCIDENTAL AND APPURTENANT FACILITIES, LAND AND EASEMENTS, AND ALL EXTENSIONS OF AND IMPROVEMENTS TO SUCH FACILIT h'S WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED. TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 6 BALLOT ISSUE I: (Debt for Traffic and Safety Controls) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 6 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW MEIROPOLITAN DISTRICT NO. 6 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING TRAFFIC {00416946.DOC AND SAFETY CONTROLS AND DEVICES ON STREETS AND HIGHWAYS AND AT RAILROAD CROSSINGS, TOGETHER WITH ALL NECESSARY, INCIDENTAL AND APPURTENANT FACILITIES, LAND AND EASEMENTS, AND ALL EXTENSIONS OF AND IMPROVEMENTS TO SUCH FACILITIES WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICI ENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT . MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 6 BALLOT ISSUE J: (Debt for Mosquito Control) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 6 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 6 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL {00416946.DOC OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING IMPROVEMENTS TO PROVIDE FOR THE ELIMINATION AND CONTROL OF • MOSQUITOES, TOGETHER WITH ALL NECESSARY, INCIDENTAL AND APPURTENANT FACILITTFS, LAND AND EASEMENTS, AND ALL EXTENSIONS OF AND IMPROVEMENTS TO SUCH FACILIT HS WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST. TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT. AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT *BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 6 BALLOT ISSUE K: (Debt for Fire Protection) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 6 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 6 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO (00416946.DOC I) PAY THE DISTRICT'S DEBT; SUCHDEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING FIRE PROTECTION, TOGETHER WITH ALL NECESSARY; INCIDENTAL AND APPURTENANT FACILITIES, LAND AND EASEMENTS, AND ALL EXTENSIONS OF AND IMPROVEMENTS TO SUCH FACILITIES WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST, TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: Two (2) NO: Zero (0) HAY-MEADOW METROPOLITAN DISTRICT NO. 6 BALLOT ISSUE L: (Debt for Refunding) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 6 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO_ 6 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION {00416946.DOC /} BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF REFUNDING, PAYING, OR DEFEA_SING, IN WHOLE OR IN PART, BONDS, NOTES, OR OTHER FINANCIAL OBLIGATIONS OF THE DISTRICT; SUCH DEBT TO BEAR INTEREST AT A RATE TO BE DETERMINED BY THE DISTRICT BOARD, WHICH INTEREST RATE MAY BE HIGHER THAN THE INTEREST RATE BORNE BY THE OBLIGATIONS BEING REFUNDED BUT IN NO EVENT SHALL THE NET EFFECTIVE INTEREST RATE EXCEED 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE.ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; THE PRINCIPAL AMOUNT OF SUCH DEBT, TOGETHER WITH ALL OTHER DEBT OF THE DISTRICT AUTHORIZED BY ANY OTHER BALLOT QUESTION AND ALL DEBT ISSUED BY HAYMEADOW METROPOLITAN DISTRICT NOS. 1 TO 5, NOT TO EXCEED AN AGGREGATE OF $35,000,000; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING WITHOUT LIMITATION FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICIENT TO PRODUCE TI-I V. ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO 'PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR AI,IY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 6 BALLOT ISSUE M: (Intergovernmental Agreements with the State or Political Subdivisions) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 6 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 6 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO (00416946.DOC PAY THE DISTRICT'S DEBT AND MULTIPLE-FISCAL YEAR OBLIGATIONS; SUCH DEBT AND OBLIGATIONS TO CONSIST OF ONE OR MORE INTERGOVERNMENTAL AGREEMENTS WITH THE STATE OR ANY POLITICAL SUBDIVISION OF THE.STATE, INCLUDING THE TOWN OF EAGLE, COLORADO, AND HAYMEADOW METROPOLITAN DISTRICT NOS. 1 TO 5, FOR THE PURPOSE OF JOINTLY FINANCING THE COSTS OF ANY PUBLIC IMPROVEMENTS, FACILITIES, SYSTEMS, PROGRAMS, OR PROJECTS WHICH THE DISTRICT MAY LAWFULLY PROVIDE, OR FOR THE PURPOSE OF PROVIDING FOR THE OPERATIONS AND MAINTENANCE OF THE DISTRICT AND ITS FACILITIES AND. PROPERTIES; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM THE DISTRICT'S OPERATING MILL LEVY IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY FOR THE PURPOSES SPECIF I KD ABOVE; AND IN CONNECTION THEREWITH SHALL THE DISTRICT BE AUTHORIZED TO MAKE COVENANTS REGARDING TIM ESTABLISHMENT AND USE OF AD VALOREM TAXES, RATES, FEES, TOLLS, PENALTIES, AND OTHER CHARGES OR REVENUES OF THE DISTRICT, AND COVENANTS, REPRESENTATIONS, AND WARRANTIES AS TO OTHER MATTERS. ARISING UNDER THE AGREEMENTS, ALL AS MAY BE DETERMINED BY THE BOARD OF DIRECTORS OF THE DISTRICT? YES: Two (2) NO: Zero (0) • HAYMEADOW METROPOLITAN DISTRICT NO. 6 BALLOT ISSUE N: (TABOR Exemption for Revenue) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 6 BE AUTHORIZED TO COLLECT, RETAIN, AND SPEND ANY AND ALL AMOUNTS ANNUALLY FROM ANY REVENUE SOURCES WHATSOEVER (INCLUDING WITHOUT LIMITATION ANY REVENUES FROM AD VALOREM PROPERTY TAXES, TAXES, SPECIFIC OWNERSHIP TAXES, FEES, RATES, TOLLS, PENALTIES, OR CHARGES, STATE, FEDERAL AND PRIVATE GRANTS AND GIFTS, OR ANY OTHER SOURCE); AND SHALL SUCH REVENUES BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER AS A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: Two (2) NO: Zero (0) {00416946.DOC I) HAYMEADOW METROPOLITAN DISTRICT NO. 6 BALLOT ISSUE 0: (Developer Agreements) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 6 BE AUTHORIZED TO ENTER INTO AGREEMENTS WITH ANY DEVELOPER OF PROPERTY IN THE DISTRICT FOR THE PURPOSE OF FINANCING THE COSTS OF ANY PUBLIC IMPROVEMENTS, FACILITIES, SYSTEMS, OR PROJECTS WHICH THE DIS'IRICT MAY LAWFULLY PROVIDE, WHICH AGREEMENTS MAY CONSTITUTE DEBT OR INDEBTEDNESS AND MULTIPLE-FISCAL YEAR OBLIGATIONS OF THE DISTRICT TO THE EXTENT PROVIDED THEREIN AND OTHERWISE AUTHORIZED BY LAW, AND IN CONNECTION THEREWITH SHALL THE DISTRICT BE AUTHORIZED TO AGREE TO PAY SPECIFIED REVENUES OF THE DISTRICT TO THE DEVELOPERS, TO MAKE COVENANTS REGARDING THE REVENUES OF THE DISTRICT, AND TO MAKE • COVENANTS, REPRESENTATIONS, AND WARRANT! HS AS TO OTHER MATTERS ARISING UNDER THE AGREEMENTS, ALL AS MAY BE DETERMINED BY THE BOARD OF DIRECTORS OF THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 6 BALLOT ISSUE P: (Mortgage of Property) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 6 BE AUTHORIZED TO ISSUE, CREATE, EXECUTE, AND DELIVER MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, WHETHER NOW OWNED OR HEREAFTER ACQUIRED, AND INCLUDING WITHOUT LIMITATION WATER AND WATER RIGHTS, SUCH ENCUMBRANCES OF THE DISTRICT AND OF HAYMEADOW METROPOLITAN DISTRICT NOS. 1 TO 5, TO/BE IN THE AGGREGATE PRINCIPAL AMOUNT NOT TO EXCEED $35,000,000, PLUS INTEREST THEREON AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, ALL AS MAY BE DETERMINED BY THE BOARD OF DIRECTORS TO BE NECESSARY OR APPROPRIATE IN CONNECTION WITH THE ISSUANCE OF BONDS, NOTES, CONTRACTS, OR OTHER FINANCIAL OBLIGATIONS OF THE DISTRICT; SUCH ENCUMBRANCES TO BE CREATED FOR THE PURPOSE OF PROVIDING ADDITIONAL SECURITY FOR DISTRICT FINANCIAL OBLIGATIONS, AND TO BE CREATED AT ONE TIME OR FROM TIME TO TIME; SUCH MORTGAGES, DEEDS OF TRUST, LIENS, OR OTHER ENCUMBRANCES TO ENTITLE THE OWNER OR BENEFICIARY THEREOF TO FORECLOSE UPON AND TAKE TITLE TO AND POSSESSION OF THE DISTRICT PROPERTY SO ENCUMBERED, AND IN CONNECTION THEREWITH SHALL THE DISTRICT BE AUTHORIZED TO MAKE SUCH COVENANTS REGARDING THE USE OF THE ENCUMBERED PROPERTY AND OTHER (00416946.DOC I) • MATTERS ARISING UNDER THE ENCUMBRANCE, ALL AS MAY BE DETERMINED BY THE BOARD OF DIRECTORS OF THE DISTRICT? YES: Two (2) Zero (0) NO: HAYMEADOW METROPOLITAN DISTRICT NO.. 6 BALLOT QUESTION (Transportation Services) Shall the Haymeadow Metropolitan District No. 6 be authorized to provide transportation services and exercise the power to establish, maintain, and operate a system to transport the public by bus, rail, or any other means of convenience, or any combination thereof, within and without the District boundaries, but only within Eagle County, Colorado, within which the District is located? YES: NO: Two (2) Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 6 BALLOT QUESTION R (Waiver of Term Limits) Shall the limitations on terms of office of elected members of the Board of Directors of the Haymeadow Metropolitan District No. 6 be eliminated pursuant to Article XVIII, Section 11(2) of the Colorado Constitution? YES: NO: CERTIFIED this 5th day of November, 20 Two (2) Zero (0) Contact Person for District: Business Address: Telephone Number: Designated Electi David A. Greh r C•llins Cockr: & Cole 3 Union B ,,ulevard, Suite 400 Den orado 80228 (303) 986-1551 {00416946.DOC EXHIBIT A (Attach Judges' Certificate of Election Returns) {00416946.DOC /} JUDGES' CERTIFICATE OF MAIL BALLOT ELECTION. RETURNS AND STATEMENT OF BALLOTS FOR HAYMEADOW METROPOLITAN DISTRICT NO. 6 IT IS HEREBY CERTIFIED by the undersigned, who conducted the mail ballot election held in the Haymeadow Metropolitan District No. 6, in Eagle County, Colorado, on the 4th day of November, 2014, that after qualifying by swearing and subscribing to their Oaths of Office, they opened the polls at 7:00 a.m., and that they kept the polls open continuously,until the hour of 7:00 p.m. on such date, after which they counted the ballots cast for Directors of the District and for the ballot issues and ballot questions submitted in accordance with the Colorado Local Government Election Code. That the votes cast for Director of the District to act until the first regular election in May, 2016: CANDIDATE FOR DIRECTOR There were no candidates That the votes cast for Director of the District to act until the second regular election in May, 2018: ' CANDIDATE FOR DIRECTOR NUMBER OF VOTES CAST Jens M. Werner Two (2) Richard_ Pylman Two (2) That the votes cast for and against the ballot questions and ballot issues submitted were as follows: HAYMEADOW METROPOLITAN DISTRICT NO. 6 BALLOT QUESTION A: Shall Haymeadow Metropolitan District No. 6 be organized? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 6 BALLOT ISSUE B: SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 6 TAXES BE INCREASED $50,000 ANNUALLY (FIRST FULL FISCAL YEAR INCREASE) AND BY SUCH. OTHER AMOUNTS COLLECTED IN EACH YEAR THEREAFTER FROM A MILL LEVY IMPOSED AT A RATE NOT TO EXCEED 50.000 MILLS (WITH THE ACTUAL MILL LEVY RATE FOR ANY FISCAL YEAR TO BE ADJUSTED DOWNWARDS OR UPWARDS BY THE BOARD OF DIRECTORS IN ITS DISCRETION) TO PAY THE DISTRICT'S ADMINISTRATION, OPERATIONS, MAINTENANCE, CAPITAL IMPROVEMENT AND OTHER EXPENSES WITHOUT LIMITATION; PROVIDED THAT SUCH MILL LEVY MAY BE ADJUSTED (A) TO ACCOUNT FOR CHANGES IN THE LAW OR THE METHOD BY WHICH ASSESSED VALUATION IS CALCULATED, INCLUDING A CHANGE IN THE PERCENTAGE OF ACTUAL VALUATION USED TO DETERMINE ASSESSED VALUATION, (B) TO OFFSET ANY PROPERTY TAX CUT OR LIMIT WHICH IS MANDATED BY ARTICLE X, SECTION 20 OR OTHER PROVISIONS OF THE COLORADO CONSTITUTION, AS IT CURRENTLY EXISTS OR AS IT MAY BE AMENDED, AND (C) TO OFFSET REFUNDS AND ABATEMENTS; AND SHALL THE PROCEEDS OF SUCH TAXES AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION, SECTION 29-1-301, C.R.S., OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: Two (2) NO: Zero (0) HAY1VrEADOW METROPOLITAN DISTRICT NO. 6 BALLOT ISSUE C: (Debt for Parks and Recreation) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 6 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 6 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING PARKS AND RECREATION IMPROVEMENTS AND PROGRAMS AS AUTHORIZED BY LAW, INCLUDING WITHOUT LIMITATION PARKS, TRAILS, PATHS AND OPEN SPACE, TOGETHER WITH ALL NECESSARY, INCIDENTAL AND APPURTENANT FACILITIES, LAND AND EASEMENTS, AND ALL EXTENSIONS OF AND IMPROVEMENTS TO SUCH FACILIT I S WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE. OR WITFISUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 6 BALLOT ISSUE D: (Debt for Drainage) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 6 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 6 TAXES BE INCREASED $41,300,000 'ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO .PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF. PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING A STORMWATER MANAGEMENT SYSTEM, INCLUDING WITHOUT LIMITATION STORMWATER, SEWER, FLOOD AND SURFACE DRAINAGE FACILITIES AND SYSTEMS, DETENTION/RETENTION PONDS AND ASSOCIATED DRAINAGE FACILIT I HS, TOGETHER WITH ALL NECESSARY, INCIDENTAL AND APPURTENANT . FACILIT I HS, LAND AND EASEMENTS, AND ALL EXTENSIONS OF AND IMPROVEMENTS TO SUCH FACILITIES WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO • MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF' THE DISTRICT, INCLUDING- FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 6 BALLOT ISSUE E: (Debt for Street Improvements) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 6 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO_ 6 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING STREET, ROADWAY AND RELATED LANDSCAPING IMPROVEMENTS, INCLUDING CURBS, GUTTERS, CULVERTS, AND OTHER DRAINAGE FACILITIES, PEDESTRIAN WAYS, BRIDGES, ALLEYS, PARKING FACILITIF,S, PAVING, LIGHTING, GRADING, LANDSCAPING, IRRIGATION, AND STRUCTURES; AND STREET-RELATED ELECTRIC, TELEPHONE, AND GAS; TOGETHER WITH ALL NECESSARY, INCIDENTAL, AND APPURTENANT FACILITIES, LAND AND EASEMENTS, AND ALL EXTENSIONS OF AND IMPROVEMENTS TO SAID FACILITIES WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE • PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO • ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 6 BALLOT ISSUE F: (Debt for Water) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 6 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 6 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING COMPLETE POTABLE WATER SYSTEM AND A COMPLETE NONPOTABLE IRRIGATION WATER SYSTEM, INCLUDING BUT NOT LIMITED TO, WATER RIGHTS, WATER SUPPLY, TREATMENT, STORAGE, TRANSMISSION AND DISTRIBUTION SYSTEMS FOR PUBLIC OR PRIVATE PURPOSES, TOGETHER WITH ALL NECESSARY AND PROPER RESERVOIRS, TREATMENT WORKS AND FACILITIES, WELLS, WATER RIGHTS, EQUIPMENT AND APPURTENANCES INCIDENT THERETO WHICH MAY INCLUDE, BUT SHALL NOT BE LIMITED TO, TRANSMISSION LINES, DISTRIBUTION MAINS AND LATERALS, STORAGE FACILITIES, LAND AND EASEMENTS, TOGETHER WITH EXTENSIONS OF AND IMPROVEMENTS TO SAID FACILITIES OR SYSTEMS WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAYBE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: NO: Two (2) Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 6 BALLOT ISSUE G: (Debt for Sewer) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 6 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 6 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING SANITARY SEWERS, WASTEWATER TREATMENT AND DISPOSAL WORKS AND FACILIT I HS, WATER QUALITY FACILITI HS, EQUIPMENT AND APPURTENANCES INCIDENT THERETO, TOGETHER WITH ALL NECESSARY, INCIDENTAL AND APPURTENANT FACILITIES, LAND AND EASEMENTS, AND ALL NECESSARY EXTENSIONS OF AND IMPROVEMENTS TO SAID FACILITIES OR SYSTEMS WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICII-wr TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW; AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 6 BALLOT ISSUE H: (Debt for Transportation) SHALL HAYMEADOW METROPOLITAN DISTRICT NO_ 6 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 6 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING A SYSTEM TO TRANSPORT THE PUBLIC BY BUS, RAIL, OR ANY OTHER MEANS OF CONVEYANCE, OR ANY COMBINATION THEREOF, TOGETHER WITH ALL NECESSARY, INCIDENTAL AND APPURTENANT FACILITIES, LAND AND EASEMENTS, AND ALL EXTENSIONS OF AND IMPROVEMENTS TO SUCH FACILITIES WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY. THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, • RETAINED AND SPENT BY THE DISTRICT? YES: NO: Two (2) Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 6 BALLOT ISSUE I: (Debt for Traffic and Safety Controls) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 6 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL. HAYMEADOW METROPOLITAN DISTRICT NO. 6 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING TRAFFIC AND SAFETY CONTROLS AND DEVICES ON STREETS AND HIGHWAYS AND AT RAILROAD CROSSINGS, TOGETHER WITH ALL NECESSARY, INCIDENTAL AND APPURTENANT FACILITIES, LAND AND EASEMENTS, AND ALL EXTENSIONS OF AND IMPROVEMENTS TO SUCH FACILITIES WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY. AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFIC I ENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: Two (2) Zero (0) NO: HAYMEADOW METROPOLITAN DISTRICT NO. 6 BALLOT ISSUE J: (Debt for Mosquito Control) • SHALL HAYMEADOW METROPOLITAN DISTRICT NO_ 6 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 6 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING IMPROVEMENTS TO PROVIDE FOR THE ELIMINATION AND CONTROL OF MOSQUITOES, TOGETHER WITH ALL NECESSARY, INCIDENTAL AND APPURTENANT FACILITIES, LAND AND EASEMENTS, AND ALL EXTENSIONS OF AND IMPROVEMENTS TO SUCH FACILITIES WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW MEIROPOLITAN DISTRICT NO. 6 BALLOT ISSUE K: (Debt for Fire Protection) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 6 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 6 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS • AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING FIRE PROTECTION, TOGETHER WITH ALL NECESSARY, INCIDENTAL AND APPURTENANT FACILITIES, LAND AND EASEMENTS, AND ALL EXTENSIONS OF AND IMPROVEMENTS TO SUCH FACILITIES WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THEDEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 6 BALLOT ISSUE L: (Debt for Refunding) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 6 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 6 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF REFUNDING, PAYING, OR DEFEASING, IN WHOLE OR IN PART, BONDS, NOTES, OR OTHER FINANCIAL OBLIGATIONS OF THE DISTRICT; SUCH DEBT TO BEAR INTEREST AT A RATE TO BE DETERMINED BY THE DISTRICT BOARD, WHICH INTEREST RATE MAY BE HIGHER THAN THE INTEREST RATE BORNE BY THE OBLIGATIONS BEING REFUNDED BUT IN NO EVENT SHALL THE NET EFFECTIVE INTEREST RATE EXCEED 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS.THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; THE PRINCIPAL AMOUNT OF' SUCH DEBT, TOGETHER WITH ALL OTHER DEBT OF THE DISTRICT AUTHORIZED BY ANY OTHER BALLOT QUESTION AND ALL DEBT ISSUED BY HAYMEADOW METROPOLITAN DISTRICT NOS. 1 TO 5, NOT TO EXCEED AN AGGREGATE OF $35,000,000; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING WITHOUT LIMITATION FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? • YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 6 BALLOT ISSUE M: (Intergovernmental Agreements with the State or Political Subdivisions) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 6 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 6 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT AND MULTIPLE-FISCAL YEAR OBLIGATIONS; SUCH DEBT AND OBLIGATIONS TO CONSIST OF ONE OR MORE INTERGOVERNMENTAL AGREEMENTS WITH THE STATE OR ANY POLITICAL SUBDIVISION OF THE STATE, INCLUDING THE TOWN OF EAGLE, COLORADO, AND HAYMEADOW METROPOLITAN DISTRICT NOS. 1 TO 5, FOR THE PURPOSE OF JOINTLY FINANCING THE COSTS OF ANY PUBLIC IMPROVEMENTS, FACILITIES, SYSTEMS, PROGRAMS, OR PROJECTS WHICH THE DISTRICT MAY LAWFULLY PROVIDE, OR FOR THE PURPOSE OF PROVIDING FOR THE OPERATIONS AND MAINTENANCE OF THE DISTRICT AND ITS FACILITIES AND PROPERTI ES; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM THE DISTRICT'S OPERATING MILL LEVY IN AMOUNTS SUFFICTFNT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY FOR THE PURPOSES SPECIFIED ABOVE; AND IN CONNECTION THEREWITH SHALL THE DISTRICT BE AUTHORIZED TO MAKE COVENANTS REGARDING THE ESTABLISHMENT AND USE OF AD VALOREM TAXES, RATES, FEES, TOLLS, PENALTIES, AND OTHER CHARGES OR REVENUES OF THE DISTRICT, AND COVENANTS, REPRESENTATIONS, AND WARRANTS KS AS TO OTHER MATTERS ARISING UNDER THE AGREEMENTS, ALL AS MAY BE DETERMINED BY THE BOARD OF DIRECTORS OF THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 6 BALLOT ISSUE N: (TABOR Exemption for Revenue) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 6 BE AUTHORIZED TO COLLECT, RETAIN, AND SPEND ANY AND ALL AMOUNTS ANNUALLY FROM ANY REVENUE SOURCES WHATSOEVER (INCLUDING WITHOUT LIMITATION ANY REVENUES FROM AD VALOREM PROPERTY TAXES, TAXES, SPECIFIC OWNERSHIP TAXES, FEES, RATES, TOLLS, PENALTTFS, OR CHARGES, STATE, FEDERAL AND PRIVATE GRANTS AND GIFTS, OR ANY OTHER SOURCE); AND SHALL SUCH REVENUES BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER AS A VOTER-APPROVED • REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 6 BALLOT ISSUE 0: (Developer Agreements) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 6 BE AUTHORIZED TO ENTER INTO AGREEMENTS WITH ANY DEVELOPER OF PROPERTY IN THE DISTRICT FOR THE PURPOSE OF FINANCING THE COSTS OF ANY PUBLIC IMPROVEMENTS, FACILITTRS, SYSTEMS, OR PROJECTS WHICH THE DISTRICT MAY LAWFULLY PROVIDE, WHICH AGREEMENTS MAY CONSTITUTE DEBT OR INDEBTEDNESS AND MULTIPLE-FISCAL YEAR OBLIGATIONS OF THE DISTRICT TO THE EXTENT PROVIDED THEREIN AND OTHERWISE AUTHORIZED BY LAW, AND IN CONNECTION THEREWITH SHALL THE DISTRICT BE AUTHORIZED TO AGREE TO PAY SPECIFIED REVENUES OF THE DISTRICT TO THE DEVELOPERS, TO MAKE COVENANTS REGARDING THE REVENUES OF THE DISTRICT, AND TO MAKE COVENANTS, REPRESENTATIONS, AND WARRANTIES AS TO OTHER MATTERS ARISING UNDER THE AGREEMENTS, ALL AS MAY BE DETERMINED BY THE BOARD OF DIRECTORS OF THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 6 BALLOT ISSUE P: (Mortgage of Property) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 6 BE AUTHORIZED TO ISSUE, CREATE, EXECUTE, AND DELIVER MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, WHETHER NOW OWNED OR HEREAFTER ACQUIRED, AND INCLUDING WITHOUT LIMITATION WATER AND WATER RIGHTS, SUCH ENCUMBRANCES OF THE DISTRICT AND OF HAYMEADOW METROPOLITAN DISTRICT NOS. 1 TO 5, TO BE IN THE AGGREGATE PRINCIPAL AMOUNT NOT TO EXCEED $35,000,000, PLUS INTEREST THEREON AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, ALL AS MAY BE DETERMINED BY THE BOARD OF DIRECTORS TO BE NECESSARY OR APPROPRIATE IN CONNECTION WITH THE ISSUANCE OF BONDS, NOTES, CONTRACTS, OR OTHER FINANCIAL OBLIGATIONS OF THE DISTRICT; SUCH ENCUMBRANCES TO BE CREATED FOR THE PURPOSE OF PROVIDING ADDITIONAL SECURITY FOR DISTRICT FINANCIAL OBLIGATIONS, AND TO BE CREATED AT ONE TIME OR FROM TIME TO TIME; SUCH MORTGAGES, DEEDS OF TRUST, LTFNS, OR OTHER ENCUMBRANCES TO ENTITLE THE OWNER OR BENEFICIARY THEREOF TO FORECLOSE UPON AND TAKE TITLE TO AND POSSESSION OF THE DISTRICT PROPERTY SO ENCUMBERED, AND IN CONNECTION THEREWITH SHALL THE DISTRICT BE AUTHORIZED TO MAKE SUCH COVENANTS REGARDING THE USE OF THE ENCUMBERED PROPERTY AND OTHER MATTERS ARISING UNDER THE ENCUMBRANCE, ALL AS MAY BE DETERMINED BY THE BOARD OF DIRECTORS OF THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 6 BALLOT QUESTION Q (Transportation Services) Shall the Haymeadow Metropolitan District No. 6 be authorized to provide transportation services and exercise the power to establish, maintain, and operate a system to transport the public by bus, rail, or any other means of convenience, or any combination thereof, within and without the District boundaries, but only within Eagle County, Colorado, within which the District is located? YES: NO: Two (2) Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 6 BALLOT QUESTION R (Waiver of Teen Limits) Shall the limitations on terms of office of elected members of the Board of Directors of the • Haymeadow Metropolitan District No. 6 be eliminated putsuant to Article XVIII, Section 11(2) of the Colorado Constitution? YES: Two (2) NO: . Zero (0) It is hereby identified and specified that: Total Number of Ballots Delivered to Electors (including UOCAVA ballots): Three (3) Total Number of Ballots Voted (including UOCAVA ballots): Two (2) Number of Ballots Returned Undelivered: Zero (0) Number of Spoiled Ballots (Replacement Ballot issued): One (1) Number of Rejected Ballots: Number of Defective Ballots: Number of Substitute Ballots Voted: Number of Unofficial Ballots Voted: Zero (0) Zero (0) Zero (0) Zeio (0) Total Number of Ballots Returned to Designated Election • Official (including UOCAVA ballots): Two (2) • Certified this 4th day of November, 2014. {00969846.DOCX / 3 } EXHIBIT D Junior Lien Capital Pledge Agreement Docusign Envelope ID: 7512B3D3-FB4A-41AD-980A-67428087108A JUNIOR LIEN CAPITAL PLEDGE AGREEMENT This JUNIOR LIEN CAPITAL PLEDGE AGREEMENT (the “Agreement”), is made and entered into and dated as of June 1, 2023, by and among HAYMEADOW METROPOLITAN DISTRICT NO. 5 (the “Issuing District”), HAYMEADOW METROPOLITAN DISTRICT NO. 1 (“District No. 1”), HAYMEADOW METROPOLITAN DISTRICT NO. 2 (“District No. 2”), HAYMEADOW METROPOLITAN DISTRICT NO. 3 (“District No. 3”), HAYMEADOW METROPOLITAN DISTRICT NO. 4 (“District No. 4” and, together with the Issuing District, District No. 1, District No. 2 and District No. 3, the “Taxing Districts”), HAYMEADOW METROPOLITAN DISTRICT NO. 6 (the “Service District” and, together with the Issuing District, District No. 1, District No. 2, District No. 3 and District No. 4, the “Districts”), and BOKF, N.A., in its capacity as trustee under that certain Indenture of Trust (Subordinate) dated as of June 1, 2023, entered into with the Issuing District (the “Trustee”). The Districts are quasi-municipal corporations and political subdivisions of the State of Colorado (the “State”). RECITALS WHEREAS, the Districts are authorized by Title 32, Article 1, Part 1, C.R.S. (the “Act”), to provide certain public improvements and services to and for the benefit of the properties within and without the boundaries of the Districts, in accordance with the Haymeadow Metropolitan District Nos. 1-6 Consolidated Service Plan, approved by the Board of Trustees of the Town of Eagle, Colorado (the “Town”) on July 22, 2014, as amended by the First Amendment to Consolidated Service Plan for Haymeadow Metropolitan District Nos. 1-6 approved by the Town Council of the Town on November 8, 2022 (as amended and as may be further amended and restated from time to time, the “Service Plan”); and WHEREAS, under the Service Plan, the Districts are intended to work together and coordinate their activities with respect to the financing, acquisition construction, operation and maintenance of public improvements necessary to serve development within the Taxing Districts, which is generally anticipated to consist of residential development; and WHEREAS, in addition to the approval of the Town, the Districts were organized with the approval of the Districts’ respective electors, such approvals fully contemplating cooperation between the Districts as provided herein and in the Service Plan; and WHEREAS, pursuant to the Colorado Constitution Article XIV, Section 18(2)(a), and Section 29-1-203, Colorado Revised Statutes, as amended (“C.R.S.”), the Districts may cooperate or contract with each other to provide any function, service or facility lawfully authorized to each, and any such contract may provide for the sharing of costs, the imposition and collection of taxes, and the incurring of debt; and WHEREAS, the Service Plan has been prepared for the Districts pursuant to Part 2 of the Act, and all required governmental approvals have been obtained therefor; and WHEREAS, at elections of the qualified electors of each of the Districts, duly called and held on Tuesday, November 4, 2014 and May 2, 2023 (the “Elections” and each an “Election”), 2 in accordance with law and pursuant to due notice, a majority of those qualified to vote and voting at the Elections voted in favor of, inter alia, the issuance of indebtedness by the applicable Taxing District and the imposition of taxes for the payment thereof, for the purpose of providing certain public improvements and facilities (as more particularly defined herein, the “Facilities”), and for the refunding of such indebtedness, as follows, the questions relating thereto being as set forth in Exhibit A hereto: Purpose Election Authorized Principal Amount Street Improvements $87,000,000 Traffic and Safety Controls 87,000,000 Drainage 87,000,000 Water 87,000,000 Sewer 87,000,000 Parks and Recreation 87,000,000 Transportation 87,000,000 Mosquito Control 87,000,000 Fire Protection 87,000,000 Refunding 87,000,000 WHEREAS, the returns of each Election were duly canvassed and the results thereof duly declared; and WHEREAS, the results of each Election were certified by the applicable District by certified mail to the board of county commissioners of each county in which the District is located or to the governing body of a municipality that has adopted a resolution of approval of the special district pursuant to Section 32-1-204.5, C.R.S., and with the division of securities created by Section 11- 51-701, C.R.S., within 45 days after the applicable Election; and WHEREAS, the Boards of Directors of the Districts have previously determined that it was necessary to acquire, construct, and install a portion of the Facilities (the “Project”); and WHEREAS, for the purpose of funding or reimbursing certain costs of the Facilities, the Service District previously entered into an Advance, Acquisition and Reimbursement Agreement dated December 4, 2018 (as the same may be amended from time to time, the “Acquisition and Reimbursement Agreement”), with Abrika Properties, LLC, a Florida limited liability company (the “Developer”), pursuant to which the Service District agreed to reimburse the Developer for cash advances made to the Service District to construct Facilities and/or acquire from the Developer any Facilities constructed (if any) for the benefit of the Districts and to reimburse the Developer for the costs of Facilities constructed on behalf of the Districts in accordance with the provisions thereof, but solely from the sources of revenue identified therein and subject to the limitations more particularly provided therein; and 3 WHEREAS, the Districts have previously entered into the Intergovernmental Agreement dated as of December 5, 2018 (the “Master IGA”) setting forth their respective obligations to finance, own, operate and maintain the Facilities; and WHEREAS, in furtherance of the Service Plan, the Districts have subsequently determined that it would be in the best interests of the Districts, the residents and the taxpayers thereof for the Issuing District to issue indebtedness for the purpose of providing Facilities (including paying amounts due or to become due under the Acquisition and Reimbursement Agreement), and for such indebtedness to be payable from property taxes of the Issuing District, District No. 1, District No. 2, District No. 3, District No. 4 and District No. 6; and WHEREAS, in order to provide for the payment of certain obligations that may be issued by the Issuing District in the future (as more particularly defined herein, the “Junior Lien Obligations”), each of the Taxing Districts has, by the terms of this Agreement, pledged certain revenues (referred to herein as the “Junior Lien Pledged Revenue”) to the Issuing District for the payment of the Junior Lien Obligations, and covenanted to take certain actions with respect to generating such revenues, for the benefit of the holders of any such Junior Lien Obligations (the “Bondholders”); and WHEREAS, for the purpose of paying additional costs of Financed Facilities, on or about June 15, 2023, the Issuing District intends to issue its Limited Tax General Obligation Bonds, Series 2023, in the principal amount of $13,250,000 (the “2023 Senior Bonds”), pursuant to an Indenture of Trust (Senior) dated as of June 1, 2023 (the “2023 Senior Indenture”), by and between the Issuing District and the Trustee, which 2023 Senior Bonds are to be secured by the Senior Pledged Revenue, as more particularly described in the Senior Pledge Agreement (as defined below) and in the 2023 Senior Indenture; and WHEREAS, in order to provide for the payment of the 2023 Senior Bonds and certain other obligations that may be issued by the Issuing District in the future, the Districts have entered into a Senior Capital Pledge Agreement, dated as of June 1, 2023, with the Trustee (the “Senior Pledge Agreement”), pursuant to which each of the Taxing Districts is obligated to impose ad valorem property taxes in an amount equal to the applicable “Senior Required Mill Levy” (as defined therein) and pay the proceeds thereof to the trustee for payment of the obligations specified therein, or as otherwise directed by the Issuing District; and WHEREAS, in order to provide for the payment of certain other obligations that may be issued by the Issuing District in the future (as more particularly defined herein, the “Subordinate Obligations”), the Districts have entered into a Subordinate Capital Pledge Agreement, dated as of June 1, 2023, with the Trustee (the “Subordinate Pledge Agreement”), pursuant to which each of the Taxing Districts is obligated to impose ad valorem property taxes in an amount equal to the applicable “Subordinate Required Mill Levy” (as defined therein) and pay the proceeds thereof to the trustee for payment of the obligations specified therein, or as otherwise directed by the Issuing District; and WHEREAS, the Districts have determined that the Facilities anticipated to be funded with the proceeds of the 2023 Senior Bonds, any future Subordinate Obligations and any future Junior Lien Obligations (as more particularly defined herein, the “Financed Facilities”) were 4 generally contemplated by the Service Plan, are needed, and, due to the nature of the Financed Facilities and proximity and interrelatedness of the development anticipated to occur within the boundaries of the Districts, such Financed Facilities do or will benefit the Districts, residents, property owners and taxpayers in the Districts as a whole; and WHEREAS, any Junior Lien Obligations are to be issued in minimum denominations of $500,000 and integral multiples of $1,000 in excess thereof, or otherwise qualify for an exemption from registration under the Colorado Municipal Bond Supervision Act; and WHEREAS, pursuant to the provisions of Section 32-1-1101(6)(b), C.R.S., any Junior Lien Obligations are to be issued to “financial institutions or institutional investors” as defined in Section 32-1-103(6.5), C.R.S., or as obligations which are payable from a limited debt service mill levy, which mill levy shall not exceed fifty (50) mills, unless otherwise permitted pursuant to the provisions of Section 32-1-1101(6), C.R.S.; and WHEREAS, pursuant to Interpretive Order No. 06-IN-001 of the Division of Securities, this Agreement is not subject to registration and does not require the filing of a claim of exemption because this Agreement represents the contractual obligation of District No. 1, District No. 2, District No. 3 and District No. 4 to pay or pledge funds to another political subdivision where such contractual obligation is specifically pledged as security or collateral for an issuance of securities that is either subject to the registration or exemption requirements of the Colorado Municipal Bond Supervision Act; and WHEREAS, the Issuing District will allocate the principal amount of any Junior Lien Obligations to the Issuing District’s electoral authorization in accordance with the use of net proceeds of such Junior Lien Obligations, and, furthermore, has determined that the Issuing District’s obligations under this Agreement (to the extent relating to the payment of any Junior Lien Obligations) are the same and not in addition to, the Issuing District’s obligations with respect to any Junior Lien Obligations and, accordingly, no additional electoral authorization of the Issuing District will be allocated to this Agreement in connection with the issuance of any Junior Lien Obligations; and WHEREAS, due to the nature of the obligation incurred by the Issuing District under any Junior Lien Obligation Document (as defined herein) and hereunder, and by the other Taxing Districts hereunder, it is not possible to predict with certainty the amount of principal and interest on any Junior Lien Obligations (if any) each Taxing District will pay hereunder, and as a result, District No. 1, District No. 2, District No. 3 and District No. 4 will each initially reserve and subsequently allocate from its Elections all of the indebtedness represented by this Agreement, based upon the principal amount of any Junior Lien Obligations issued in the future and the manner in which the Issuing District allocates the same based upon the Facilities financed by such Junior Lien Obligations (if any); and WHEREAS, the Service Plan currently limits the aggregate Debt (as such term is defined in the Service Plan) that may be issued by the Districts to $87,000,000 (the “Service Plan Debt Limit”), excluding refundings; and 5 WHEREAS, the Districts have not previously issued Debt and, upon issuance of the 2023 Senior Bonds, any future Subordinate Obligations and any future Junior Lien Obligations, the total amount of Debt (as such term is defined in the Service Plan) of the Districts subject to the Service Plan Debt Limit will not exceed 87,000,000; and WHEREAS, the Issuing District and the other Districts have determined and hereby determine that their respective obligations to pay the principal component of Financing Costs hereunder shall not, in the aggregate, exceed the par amount of any Junior Lien Obligations, and therefore the Taxing Districts’ obligations hereunder shall, in the aggregate, count against the Service Plan Debt Limit in an amount equal to the par amount of any Junior Lien Obligations; and WHEREAS, the Districts have determined and hereby determine that the execution of this Agreement, the issuance of any Junior Lien Obligations, and the provision of the Financed Facilities are in the best interests of the Districts and the residents, property owners, and taxpayers thereof; and WHEREAS, all amendments to this Agreement made pursuant hereto and not in specific conflict with specific limits of the ballot questions, which authorized the debt represented by this Agreement, shall be deemed part of this Agreement and fully authorized by such ballot questions. COVENANTS NOW, THEREFORE, for and in consideration of the promises and the mutual covenants and stipulations herein, the parties hereby agree as follows: ARTICLE I DEFINITIONS Section 1.01. Interpretation. In this Agreement, unless the context expressly indicates otherwise, the words defined below shall have the meanings set forth below: (a) The terms “herein,” “hereunder,” “hereby,” “hereto,” “hereof” and any similar terms, refer to this Agreement as a whole and not to any particular article, section, or subdivision hereof; the term “heretofore” means before the date of execution of this Agreement, the term “now” means the date of execution of this Agreement, and the term “hereafter” means after the date of execution of this Agreement. (b) All definitions, terms, and words shall include both the singular and the plural, and all capitalized words or terms shall have the definitions set forth in Section 1.02 hereof. (c) Words of the masculine gender include correlative words of the feminine and neuter genders, and words importing the singular number include the plural number and vice versa. 6 (d) The captions or headings of this Agreement are for convenience only, and in no way define, limit, or describe the scope or intent of any provision, article, or section of this Agreement. (e) All schedules, exhibits, and addenda referred to herein are incorporated herein by this reference. Section 1.02. Definitions. As used herein, unless the context expressly indicates otherwise, the words defined below and capitalized throughout the text of this Agreement shall have the respective meanings set forth below: “Acquisition and Reimbursement Agreement” has the meaning assigned it in the recitals hereof. “Agreement” means this Junior Lien Capital Pledge Agreement and any amendment hereto made in accordance herewith. “Board” or “Boards” means the lawfully organized Boards of Directors of the Districts or any District, as the context requires. “Board of County Commissioners” means the Board of County Commissioners for Eagle County, Colorado. “Colorado Municipal Bond Supervision Act” means Title 11, Article 59, Part 1, C.R.S. “Developer” means Abrika Properties, LLC, a Florida limited liability company, its successors and assigns. “Developer Reimbursement Obligations” means any note, bond or other instrument issued by a District to or at the direction of the Developer in payment of amounts due and owing under the Acquisition and Reimbursement Agreement, solely to the extent relating to costs of Financed Facilities (provided that the issuance of any such obligation is subject to the limitations hereof). “District No. 1” means Haymeadow Metropolitan District No. 1, in the Town of Eagle, Eagle County, Colorado. “District No. 2” means Haymeadow Metropolitan District No. 2, in the Town of Eagle, Eagle County, Colorado. “District No. 3” means Haymeadow Metropolitan District No. 3, in the Town of Eagle, Eagle County, Colorado. “District No. 4” means Haymeadow Metropolitan District No. 4, in the Town of Eagle, Eagle County, Colorado. 7 “Districts” means the District, District No. 1, District No. 2, District No. 3, District No. 4 and the Service District, including any duly authorized representative, officer, director, employee, agent, engineer or attorney of any such District, if applicable. “Facilities” means public facilities, improvements and infrastructure the debt for which was approved at the Elections, including without limitation necessary or appropriate equipment. “Financed Facilities” means the Facilities authorized by the Elections described herein, and constructed by the Service District and/or accepted by adoption of resolutions of the Board of the Service District for the financing and reimbursement of the Facilities, and any additional Facilities authorized by the Elections and which each of the Districts has found and determined by execution of the Master IGA is in the nature of community improvements intended for the general direct or indirect benefit of the planned residential community within the Districts, and constitutes improvements for which the applicable District is authorized to issue indebtedness and (and in the case of the Taxing Districts) impose ad valorem property taxes in accordance with the Elections and the Service Plan, and the payment of such costs of the Facilities is in furtherance of the purposes for which the applicable District was formed. “Financing Costs” means the principal and redemption price of, and interest and premium on, the Junior Lien Obligations, required deposits to or replenishments of funds or accounts securing the Junior Lien Obligations, and customary fees and expenses relating to the Junior Lien Obligations, all in accordance with the Junior Lien Obligation Documents, as applicable, including any scheduled mandatory or cumulative sinking fund payments and any extraordinary redemption amounts to the extent provided in the Junior Lien Obligation Documents and replenishment of any reserves and funding of any surplus funds relating to the Junior Lien Obligations, customary fees related to the issuance of the Junior Lien Obligations (including, but not limited to, fees of a trustee, paying agent, rebate agent, and provider of liquidity or credit facility), and any reimbursement due to a provider of liquidity or credit facility securing any Junior Lien Obligations. Where used in describing the permitted uses by the Issuing District of the Junior Lien Pledged Revenue, “Financing Costs” also includes the payment of the principal and redemption price of, and interest on, any obligation issued by any District to fund the Financed Facilities. “Fiscal Year” means the twelve month period ending December 31 of each calendar year. “Issuing District” means Haymeadow Metropolitan District No. 5, in the Town of Eagle, Eagle County, Colorado. “Junior Lien Obligations” means any bonds, notes, certificates or obligations (including a repayment obligation under a loan agreement or similar agreement) issued or incurred by the Issuing District and designated by the Issuing District (in the applicable Junior Lien Obligation Document) as secured by a lien on all or any portion of the Junior Lien Pledged Revenues payable hereunder; provided that such obligations are issued for the purpose of: (i) issued for the purpose of financing or refinancing the Financed Facilities; or (ii) refinancing any Junior Lien Obligations, Developer Reimbursement Obligations or any other obligations of the Issuing District for which the Taxing Districts are obligated to impose ad valorem property taxes (including in accordance with the Senior Pledge Agreement and the Subordinate Pledge 8 Agreement), or obligations issued to refinance the same. In addition, an obligation shall not constitute an Junior Lien Obligation hereunder unless (i) it will be issued, either: (A) in denominations of not less than $500,000 each, or (B) to “accredited investors” as defined in Section 11-59-110(1)(g) C.R.S., unless an exemption from the registration requirements of the Colorado Municipal Bond Supervision Act, or any successor statute, is otherwise available; AND (ii) it will initially be issued to financial institutions or institutional investors, or in a manner otherwise satisfying one of the conditions of Section 32-1-1101(6)(a), C.R.S., will be issued as obligations which are payable from a limited debt service mill levy, which mill levy shall not exceed fifty (50) mills as contemplated by Section 32-1-1101(6)(b), C.R.S., or will constitute a refunding or restructuring contemplated by Section 32-1-1101(6)(b) C.R.S. “Junior Lien Obligation Documents” means, collectively, any resolution, indenture, loan agreement or other instrument or agreement executed by the Issuing District pursuant to which Junior Lien Obligations are issued or incurred, and any undertaking or agreement with respect to the provision of continuing disclosure relating thereto. “Junior Lien Payment Obligation” with respect to each Taxing District means, collectively, the obligations of such Taxing District to pay its allocated portion of the Financing Costs with respect to any Junior Lien Obligation in accordance with the provisions hereof, but solely from its Junior Lien Pledged Revenue, to the extent available, it being recognized that each such obligation shall arise hereunder upon the issuance of any Junior Lien Obligation with respect to which such obligation relates. “Junior Lien Pledged Revenue” means the following: (a) all Junior Lien Property Tax Revenues; and (b) all Junior Lien Specific Ownership Tax Revenues. “Junior Lien Property Tax Revenues” means all moneys derived from imposition by the Taxing Districts of the Junior Lien Required Mill Levy. Junior Lien Property Tax Revenues are net of the collection costs of the County and any tax refunds or abatements authorized by or on behalf of the County. (For the avoidance of doubt, Junior Lien Property Tax Revenues does not include specific ownership tax revenues.) “Junior Lien Required Mill Levy” means, for each Taxing District: (a) Subject to paragraphs (b) and (c) below, an ad valorem mill levy (a mill being equal to 1/10 of 1 cent) imposed upon all taxable property of such Taxing District each year in an amount equal to: (i) 50 mills less the then applicable Senior Obligation Mill Levy and the then applicable Subordinate Obligation Mill Levy, or (ii) such lesser amounts determined by the Issuing District which, if imposed by all Taxing Districts for collection in the succeeding calendar year, would generate Junior Lien Property Tax Revenues sufficient to pay any Junior Lien Obligations in full in the year of collection; provided, however, that in the event that the mill levies are different for the Taxing Districts, each of the Taxing Districts shall impose their respective 50 mills, provided that if clause (ii) above applies, the Taxing Districts shall impose the same mill levy in the amount required to generate the Junior Lien Property Tax Revenues required, but if the 9 actual mill levies necessary to generate the amount of Junior Lien Property Tax Revenues required would exceed the 50 mills of any Taxing District (less the Senior Obligation Mill Levy and Subordinate Obligation Mill Levy), then the Taxing District with the lowest 50 mills shall impose such amount (less t he Senior Obligation Mill Levy and the Subordinate Obligation Mill Levy), and the other Taxing Districts shall impose a mill levy sufficient to generate the amount of Junior Lien Property Tax R evenues required (but not in excess of such Taxing District’s 50 mills (less the Senior Obligation Mill Levy and the Subordinate Obligation Mill Levy)); (b) if the Junior Lien Obligations are issued to “financial institutions or institutional investors” as defined in Section 32-1-103(6.5), C.R.S, the 50 mills referenced in subsection (a) of this definition may be increases or decreased (as applicable) to a mill levy imposed by a Taxing District (to be made for mill levies imposed by each Taxing District separately), to occur in the event the method of calculating assessed valuation has or is changed after July 22, 2014, such increases or decreases to be determined by the Issuing District in good faith in consultation with the applicable Taxing District (such determination to be binding and final) so that to the extent possible, the actual tax revenues generated by the applicable mill levy, as adjusted, are neither diminished nor enhanced as a result of such changes. For purposes of the foregoing, a change in the ratio of actual valuation to assessed valuation shall be deemed to be a change in the method of calculating assessed valuation; and (c) notwithstanding anything herein to the contrary, in no event may the Junior Lien Required Mill Levy for a Taxing District be established at a mill levy which would cause such Taxing District to derive tax revenue in any year in excess of the maximum tax increases permitted by such Taxing District’s electoral authorization, and if the Junior Lien Required Mill Levy as calculated pursuant to the foregoing would cause the amount of taxes collected in any year to exceed the maximum tax increase permitted by such Taxing District’s electoral authorization, the Junior Lien Required Mill Levy shall be reduced to the point that such maximum tax increase is not exceeded. “Junior Lien Specific Ownership Tax Revenues” means the specific ownership taxes remitted to the Taxing Districts pursuant to Section 42-3-107, C.R.S., or any successor statute, as a result of their imposition of the Junior Lien Required Mill Levy in accordance with the provisions hereof. “Master IGA” means the Intergovernmental Agreement by and among the Districts dated as of December 5, 2018. “Mill Levy Certification Date” means the date each year on which a Taxing District is required to impose the Subordinate Required Mill Levy in accordance with the provisions hereof. “Senior Obligation Mill Levy” means the ad valorem property tax levy required to be imposed by the Taxing Districts in accordance with the Senior Pledge Agreement and any other ad valorem property tax levy required to be imposed by the Taxing Districts for the payment of Senior Obligations. 10 “Senior Obligations” means, collectively, the 2023 Senior Bonds, any obligations constituting “Parity Bonds” under the 2023 Senior Indenture, and any other obligation of the Issuing District so designated by the Issuing District as a Senior Obligation (such that any ad valorem property taxes imposed for the payment thereof will constitute a Senior Obligation Mill Levy hereunder). “Senior Pledge Agreement” means the Senior Capital Pledge Agreement dated as of June 1, 2023, by and among the Districts and the Trustee. “Service District” means Haymeadow Metropolitan District No. 6, in the Town of Eagle, Eagle County, Colorado. “Service Plan” means the Haymeadow Metropolitan District Nos. 1-6 Consolidated Service Plan, approved by the Board of Trustees of the Town on July 22, 2014, as amended by the First Amendment to Consolidated Service Plan for Haymeadow Metropolitan District Nos. 1- 6 approved by the Town Council of the Town on November 8, 2022, as the same may be further amended or restated from time to time. “State” means the State of Colorado. “Subordinate Pledge Agreement” means the Subordinate Capital Pledge Agreement, dated as of June 1, 2023, by and among the Districts. “Subordinate Obligation Mill Levy” means the ad valorem property tax levy required to be imposed by the Taxing Districts in accordance with the Subordinate Pledge Agreement and any other ad valorem property tax levy required to be imposed by the Taxing Districts for the payment of Subordinate Obligations. “Subordinate Obligations” means any obligations of the Issuing District so designated by the Issuing District as a Subordinate Obligation (such that any ad valorem property taxes imposed for the payment thereof will constitute a Subordinate Obligation Mill Levy hereunder). “Supplemental Act” means the “Supplemental Public Securities Act,” being Title 11, Article 57, Part 2, C.R.S., as amended. “Taxing Districts” means, collectively, the Issuing District, District No. 1, District No. 2, District No. 3 and District No. 4, including any duly authorized representative, officer, director, employee, agent, engineer or attorney of any such Taxing District, if applicable. “Termination Date” means the earlier of: (i) the date on which all amounts due with respect to any Junior Lien Obligations have been defeased or paid in full; or (ii) December 31, of the year forty (40) years from the date of issuance of such Junior Lien Obligations. Notwithstanding any other provisions hereof, the Taxing Districts shall not be obligated to impose any portion of the Junior Lien Required Mill Levy after the tax levy year thirty-nine (39) years from the date of issuance of any Junior Lien Obligations(for collection in the calendar year forty (40) years from the date of issuance of any Junior Lien Obligations). 11 “2023 Senior Bonds” means the Issuing District’s Limited Tax General Obligation Bonds, Series 2023, issued pursuant to the 2023 Senior Indenture. “2023 Senior Indenture” means the Indenture of Trust (Senior) dated as of June 1, 2023, by and between the Issuing District and BOKF, N.A., as trustee ARTICLE II PAYMENT OBLIGATION Section 2.01. No Additional Electoral Approval Required. The authorization for issuance of debt, fiscal year spending, revenue collections and other constitutional matters requiring voter approval for purposes of this Agreement, was approved at the respective Election held for the Districts in accordance with law and pursuant to due notice. The performance of the terms of this Agreement requires no further electoral approval. Section 2.02. Funding of Financing Costs Generally. (a) In exchange for the purchase by the Bondholders of any Junior Lien Obligations, the proceeds of which are to be applied to the provision of the Financed Facilities, each Taxing District (including the Issuing District) hereby agrees to pay such portion of the Financing Costs as may be funded with the Junior Lien Pledged Revenue available to it, in accordance with the provisions hereof. (b) The obligation of each Taxing District to pay its portion of the Financing Costs as provided herein shall constitute a limited tax general obligation of such Taxing District payable solely from and to the extent of the Junior Lien Pledged Revenue available to it. The obligation of each Taxing District to pay the Financing Costs as provided herein (the “Junior Lien Payment Obligation”) shall constitute an irrevocable lien upon the Junior Lien Pledged Revenue and the Junior Lien Pledged Revenue of each Taxing District is hereby pledged to the payment thereof. The Junior Lien Payment Obligation of the Issuing District hereunder is the same, and not in addition to, its obligation under any Junior Lien Obligation Document to which the Issuing District is a party. The Districts hereby elect to apply all of the provisions of the Supplemental Act except for Section 11-57-211 of the Supplemental Act to this Agreement and the Junior Lien Payment Obligation. (c) In no event shall the total or annual obligations of any Taxing District hereunder exceed the maximum amounts permitted under such Taxing District’s electoral authority and any other applicable law. The entire Junior Lien Payment Obligation of each Taxing District will be deemed defeased and no longer outstanding upon the earlier to occur of the payment by such Taxing District of such amount or the Termination Date. (d) Because the actual total Junior Lien Pledged Revenue payable by each Taxing District hereunder cannot be determined with any certainty at this time, the Taxing Districts shall not be permitted to pre-pay any amounts due hereunder. Section 2.03. Imposition of Junior Lien Required Mill Levy. 12 (a) In order to fund their respective Junior Lien Payment Obligations, each Taxing District (including the Issuing District) agrees to levy on all of the taxable property in such Taxing District, in addition to all other taxes, direct annual taxes in the year of issuance of any Junior Lien Payment Obligations, and in each year thereafter, so long as any Junior Lien Obligations remain outstanding (subject to paragraph (b) below), to the extent necessary to provide for payment of the Financing Costs, in the amount of the applicable Junior Lien Required Mill Levy. Nothing herein shall be construed to require a Taxing District to impose an ad valorem property tax levy for the payment of the Junior Lien Payment Obligation in excess of the applicable Junior Lien Required Mill Levy or after the Termination Date. (b) NOTWITHSTANDING ANY OTHER PROVISIONS HEREIN, NONE OF THE TAXING DISTRICTS SHALL BE REQUIRED TO IMPOSE THE JUNIOR LIEN REQUIRED MILL LEVY AFTER DECEMBER OF THE YEAR THIRTY-NINE (39) YEARS FROM THE DATE OF ISSUANCE OF ANY JUNIOR LIEN OBLIGATIONS (FOR COLLECTION IN THE YEAR FORTY (40) YEARS FROM THE DATE OF ISSUANCE OF ANY JUNIOR LIEN OBLIGATIONS). (c) In order to facilitate the determination of the Junior Lien Required Mill Levy, each of the Taxing Districts shall provide to the Issuing District and the Service District: (i) on or before September 30 of each year, commencing September 30, 2023, the preliminary certification of assessed value for such Taxing District provided by the Eagle County Assessor; and (ii) no later than one business day after receipt by each Taxing District, the final certified assessed value for such Taxing District, provided by the Eagle County Assessor (expected to be provided by the Eagle County Assessor no later than December 10 of each year). In accordance with the definition of Junior Lien Required Mill Levy set forth herein, the Issuing District shall preliminarily determine, and provide to the Taxing Districts, the Junior Lien Required Mill Levy for each Taxing District no later than October 15 of each year, and shall finally determine, and provide to the Taxing Districts, the Junior Lien Required Mill Levy for each Taxing District no later than December 12 of each year. (d) Each District acknowledges that it has actively participated in the development of the calculation for determining the Junior Lien Required Mill Levy for each Taxing District, that such calculation and such provisions are designed to reasonably allocate among the Taxing Districts the Financing Costs based on the mutual benefit to the Taxing Districts of the Financed Facilities and the relative ability of such Taxing Districts, dependent upon the relative stages of development therein, to fund such Financing Costs in any given year and that, so long as made in accordance with the foregoing, the determinations of the Issuing District as to the Junior Lien Required Mill Levy for each Taxing District shall be final and binding upon each Taxing District. (e) This Section 2.03 is hereby declared to be the certificate of each Taxing District to the Board of County Commissioners indicating the aggregate amount of taxes to be levied (in the amount of the applicable Junior Lien Required Mill Levy) for the purposes of paying the Junior Lien Payment Obligation due hereunder. 13 (f) It shall be the duty of each Taxing District annually at the time and in the manner provided by law for the levying of its taxes, if such action shall be necessary to effectuate the provisions of this Agreement, to ratify and carry out the provisions hereof with reference to the levy and collection of the ad valorem property taxes herein specified, and to require the officers of such Taxing District to cause the appropriate officials of Eagle County, to levy, extend and collect said ad valorem taxes in the manner provided by law for the purpose of providing funds for the payment of the amounts to be paid hereunder promptly as the same, respectively, become due. Said taxes, when collected, shall be applied only to the payment of the amounts to be paid hereunder. No collection costs shall be deducted from such taxes, other than collection costs imposed by the County Treasurer pursuant to State law. (g) Said taxes shall be levied, assessed, collected, and enforced at the time and in the form and manner and with like interest and penalties as other general taxes in the State. (h) The Taxing Districts hereby agree to cooperate in the amendment of this Agreement to modify the definition of Junior Lien Required Mill Levy if necessary, in the determination of the Issuing District, to facilitate the issuance of Junior Lien Obligations by the Issuing District. (i) No Taxing District shall take any action, or allow any action to be taken, which impairs the Senior Pledged Revenue. (j) Each Taxing District shall pursue all reasonable remedies to collect, or cause the collection of, delinquent ad valorem taxes within its boundaries. (k) The parties hereto acknowledge that the Taxing Districts may be obligated to impose additional property taxes for the payment of operation and maintenance costs, subject to the limitations hereof. This Agreement shall not operate to limit such obligations except as specifically set forth herein. Section 2.04. Payment and Application of Junior Lien Pledged Revenue. (a) Each Taxing District hereby agrees to remit to the Trustee, or as otherwise directed by the Issuing District (subject to the limitations and requirements of any Junior Lien Obligation Documents) as soon as practicable upon receipt, and in no event later than the 15th day of the calendar month immediately succeeding the calendar month in which such revenue is received by the applicable Taxing District, all revenues comprising Junior Lien Pledged Revenue (if and to the extent received or controlled by such Taxing Districts), which Junior Lien Pledged Revenue shall be applied by the Trustee or other recipient thereof to Financing Costs, in accordance with any Junior Lien Obligation Documents, as applicable; provided, however, that in the event that the total amount of Junior Lien Pledged Revenue received by a Taxing District in a calendar month is less than $50,000, the Junior Lien Pledged Revenue received in such calendar month may instead be remitted to the Trustee no later than the 15th day of the calendar month immediately succeeding the calendar quarter in which such revenue is received by such 14 Taxing District (i.e., no later than April 15th for Junior Lien Pledged Revenue received in January, February or March, no later than July 15th for Junior Lien Pledged Revenue received in April, May or June, no later than October 15th for Junior Lien Pledged Revenue received in July, August or September, and no later than January 15th for Junior Lien Pledged Revenue received in October, November or December). IN NO EVENT IS A TAXING DISTRICT PERMITTED TO APPLY ANY PORTION OF THE JUNIOR LIEN PLEDGED REVENUE TO ANY OTHER PURPOSE, OR TO WITHHOLD ANY PORTION OF THE JUNIOR LIEN PLEDGED REVENUE. To the extent any portion of such Junior Lien Pledged Revenue is released from the lien of any Junior Lien Obligation Documents (if any), the Issuing District and the Service District will continue to ensure that such revenues are applied to Financing Costs and any other costs of the Facilities, it being acknowledged that in no event would such excess revenue exceed the dollar amount equal to the revenues that would be generated from an annual imposition of an ad valorem property tax levy of 50 mills (without adjustment) on the assessed valuation of each Taxing District. Junior Lien Pledged Revenue shall be paid in lawful money of the United States of America by check mailed or delivered, or by wire transfer, or such other method as may be mutually agreed to by the Districts. (b) Each Taxing District hereby covenants that all property tax revenue collected by such Taxing District from, or relating to, a debt service mill levy, or so much thereof as is needed, shall first, be designated as property taxes resulting from imposition of the Senior Obligation Mill Levy in any Bond Year (as defined in the 2023 Senior Indenture or any other resolution, indenture or other enactment authorizing Senior Obligations) or the Subordinate Obligation Mill Levy in any Bond Year (as defined in any resolution, indenture or other enactment authorizing Subordinate Obligations) to pay annual debt service on Senior Obligations or Subordinate Obligations, as applicable, and to fund such funds and accounts as are required in accordance with the terms of the 2023 Senior Indenture and any resolution, indenture or other enactment authorizing such Senior Obligations or such Subordinate Obligations, as applicable, and after the funding of such payments and accumulations required in such Bond Year, all property tax revenue collected by the Taxing Districts from, or relating to, a debt service mill levy for the remainder of such Bond Year shall, third, be designated as property taxes resulting from imposition of the Junior Lien Required Mill Levy unless and until the Taxing Districts have funded the full amount outstanding with respect to the any Junior Lien Obligations. Section 2.05. Effectuation of Pledge of Security, Current Appropriation. The sums herein required to pay the amounts due hereunder are hereby appropriated for that purpose, and said amounts for each year shall be included in the annual budget and the appropriation resolution or measures to be adopted or passed by the Board of each Taxing District each year while any of the obligations herein authorized are outstanding and unpaid. No provisions of any constitution, statute, resolution or other order or measure enacted after the execution of this Agreement shall in any manner be construed as limiting or impairing the obligation of each Taxing District to levy ad valorem property taxes, or as limiting or impairing the obligation of each Taxing District to levy, administer, enforce and collect the ad valorem property taxes as provided herein for the payment of the obligations hereunder. 15 In addition, and without limiting the generality of the foregoing, the obligations of each Taxing District to transfer funds as described herein for each payment described herein shall survive any Court determination of the invalidity of this Agreement as a result of a failure, or alleged failure, of any of the directors of the Districts to properly disclose, pursuant to State law, any potential conflicts of interest related hereto in any way, provided that such disclosure is made on the record of Districts’ meetings as set forth in their official minutes. Section 2.06. Limited Defenses; Specific Performance. It is understood and agreed by each District that its obligations hereunder are absolute, irrevocable, and unconditional except as specifically stated herein, and so long as any obligation of a District hereunder remains unfulfilled, such District agrees that notwithstanding any fact, circumstance, dispute, or any other matter, it will not assert any rights of setoff, counterclaim, estoppel, or other defenses to its Subordinate Payment Obligation, or take or fail to take any action which would delay a payment to, or on behalf of, the Issuing District, the Trustee, or any Bondholders or impair the ability of the Issuing District, the Trustee, or any Bondholders to receive payments due hereunder. Notwithstanding that this Agreement specifically prohibits and limits defenses and claims of the Districts, in the event that a District believes that it has valid defenses, setoffs, counterclaims, or other claims other than specifically permitted by this Section 2.06, it shall, nevertheless, make all payments as described herein and then may attempt or seek to recover such payments by actions at law or in equity for damages or specific performance, respectively. Section 2.07. Impact of Exclusion of Property. The parties to this Agreement hereby agree that this Agreement constitutes “indebtedness” as contemplated by Section 32-1-503, C.R.S. Any property excluded from a Taxing District after the date hereof is to remain liable for the imposition of the Junior Lien Required Mill Levy and payment of the proceeds thereof in accordance with the provisions hereof, to the same extent as such property otherwise remains liable for the debt of such Taxing District, as provided in Section 32-1-503, C.R.S. In the event that any order providing for the exclusion of property from a Taxing District does not so provide and specifically indicate the liability of such excluded property for the obligations set forth herein, each Taxing District hereby agrees to take all actions necessary to cause the property owners of such proposed excluded property to covenant to assume all responsibilities under this Agreement, which covenants shall run with the land and shall be in a form satisfactory to the Issuing District. Section 2.08. Additional Covenants. (a) Each District (excluding the Issuing District) covenants that it will not issue or incur any Additional Taxing District Obligation without the prior consent of the Issuing District and the Service District; provided, however, that the Senior Payment Obligation, as provided in the Senior Pledge Agreement, and the Subordinate Payment Obligation, as provided in the Subordinate Pledge Agreement are permitted with only the consent of the Service District. (b) The Taxing Districts shall not impose, in any given year, an administrative, operations and maintenance mill levy in excess of the maximum administrative, operations and maintenance mill levy then permitted by the Service Plan, taking into account the Senior Obligation Mill Levy, the Subordinate Required Mill 16 Levy, the Junior Lien Required Mill Levy and any other debt service mill levy then imposed by the Taxing Districts. However, for purposes of clarification, it is acknowledged that the proceeds of any general property tax levy imposed to pay current administrative, operations and maintenance shall not be payable to the Issuing District pursuant to this Agreement, shall not be payable to the Trustee (or other entity designated by the Issuing District) and shall not be subject to the lien of this Agreement. (c) At least once a year, each Taxing District will either cause an audit to be performed of the records relating to its revenues and expenditures or, if applicable under State statute, will apply for an audit exemption, and each Taxing District shall use its best commercially reasonable efforts to have such audit report or application for audit exemption completed no later than September 30 of each calendar year. The foregoing covenant shall apply notwithstanding any different time requirements for the completion of such audit or application for audit exemption under State law. In addition, at least once a year in the time and manner provided by law, each Taxing District will cause a budget to be prepared and adopted. Copies of the budget and the audit or audit exemption will be filed and recorded in the places, time, and manner provided by law. With respect to the obligations of the Issuing District under this paragraph, in the event of any conflicts between the provisions hereof or the provisions of any Junior Lien Obligations Documents, the provisions of any Junior Lien Obligations Documents shall control. (d) Each District agrees to provide the Issuing District with information promptly upon request by the Issuing District necessary for the Issuing District to comply on an ongoing basis with the requirements of any Continuing Disclosure Agreement or similar document entered into by the Issuing District in connection with the issuance of any Junior Lien Obligations. (e) Unless in response to a specific covenant violation, nuisance or similar condition, each District agrees that it shall not impose any rates, tolls, fees or other charges on vacant lots or other undeveloped property within or without its boundaries in excess of the rates, tolls, fees or other charges applicable to developed residential lots or engage in any other act or omission that may impair future development in a manner that could adversely affect the amount of any Taxing District’s Junior Lien Pledged Revenue or delay the timing of any Taxing District’s receipt of Junior Lien Pledged Revenue or remittance thereof to the Trustee in accordance with the provisions hereof. (f) Any Junior Lien Pledged Revenue that remains after satisfaction in full of the Senior Obligations, Subordinate Obligations and Junior Lien Obligations shall be due and payable to the Service District under the Master IGA. In the event that any Junior Lien Pledged Revenue is available to be disbursed in accordance with the preceding sentence, the Districts will, in making their determination as to the application of such amounts, take into account that State law places certain restrictions upon the use of any moneys representing ad valorem property tax revenue from a debt service mill levy, and any then-existing pledge or encumbrance on such revenues. For purposes of determining the nature of the Junior Lien Pledged Revenue available for disbursement pursuant to the first sentence of this subsection, the Junior Lien Pledged Revenue shall be deemed to be 17 funded, first, from Junior Lien Property Tax Revenues resulting from imposition of the Junior Lien Required Mill Levy, and second, from Junior Lien Specific Ownership Tax revenues resulting from imposition of the Junior Lien Required Mill Levy. ARTICLE III REPRESENTATIONS AND WARRANTIES Section 3.01. Representations and Warranties of the Districts. Each of the Districts hereby makes the following representations and warranties with respect to itself: (a) The District is a quasi-municipal corporation and political subdivision duly organized and validly existing under the laws of the State. (b) The District has all requisite corporate power and authority to execute, deliver, and to perform its obligations under this Agreement. The District’s execution, delivery, and performance of this Agreement have been duly authorized by all necessary action. (c) The District is not in violation of any of the applicable provisions of law or any order of any court having jurisdiction in the matter, which violation could reasonably be expected to materially adversely affect the ability of the District to perform its obligations hereunder. The execution, delivery and performance by the District of this Agreement (i) will not violate any provision of any applicable law or regulation or of any order, writ, judgment, or decree of any court, arbitrator, or governmental authority, (ii) will not violate any provision of any document or agreement constituting, regulating, or otherwise affecting the operations or activities of the District in a manner that could reasonably be expected to result in a material adverse effect on the District’s ability to perform its obligations under this Agreement, and (iii) will not violate any provision of, constitute a default under, or result in the creation or imposition of any lien, mortgage, pledge, charge, security interest, or encumbrance of any kind on any of the revenues or other assets of the District pursuant to the provisions of any mortgage, indenture, contract, agreement, or other undertaking to which the District is a party or which purports to be binding upon the District or upon any of its revenues or other assets which could reasonably be expected to result in a material adverse effect on the District’s ability to perform its obligations under this Agreement. (d) The District has obtained all consents and approvals of, and has made all registrations and declarations with any governmental authority or regulatory body required for the execution, delivery, and performance by the District of this Agreement. (e) There is no action, suit, inquiry, investigation, or proceeding to which the District is a party, at law or in equity, before or by any court, arbitrator, governmental or other board, body, or official which is pending or, to the best knowledge of the District threatened, in connection with any of the transactions contemplated by this Agreement nor, to the best knowledge of the District is there any basis therefor, wherein an unfavorable decision, ruling, or finding could reasonably be expected to have a material 18 adverse effect on the validity or enforceability of, or the authority or ability of the District to perform its obligations under, this Agreement. (f) This Agreement constitutes the legal, valid, and binding obligation of the District, enforceable against the District in accordance with its terms (except as such enforceability may be limited by bankruptcy, moratorium, or other similar laws affecting creditors’ rights generally and provided that the application of equitable remedies is subject to the application of equitable principles). ARTICLE IV NON-COMPLIANCE AND REMEDIES Section 4.01. Events of Non-Compliance. The occurrence or existence of any one or more of the following events shall be an “Event of Non-Compliance” hereunder, and there shall be no default or Event of Non-Compliance hereunder except as provided in this Section: (a) any Taxing District fails or refuses to impose the Junior Lien Required Mill Levy or to remit the Junior Lien Pledged Revenue as required by the terms of this Agreement; (b) any representation or warranty made by any party in this Agreement proves to have been untrue or incomplete in any material respect when made and which untruth or incompletion would have a material adverse effect upon any other party; (c) any party fails in the performance of any other of its covenants in this Agreement, and such failure continues for 30 days after written notice specifying such default and requiring the same to be remedied is given to any of the parties hereto; or (d) (i) any party shall commence any case, proceeding, or other action (A) under any existing or future law of any jurisdiction relating to bankruptcy, insolvency, reorganization, or relief of debtors, seeking to have an order for relief entered with respect to it or seeking to adjudicate it insolvent or a bankrupt or seeking reorganization, arrangement, adjustment, winding up, liquidation, dissolution, composition, or other relief with respect to it or its debts, or (B) seeking appointment of a receiver, trustee, custodian, or other similar official for itself or for any substantial part of its property, or any party shall make a general assignment for the benefit of its creditors; or (ii) there shall be commenced against any party any case, proceeding, or other action of a nature referred to in clause (i) and the same shall remain not dismissed within 90 days following the date of filing; or (iii) there shall be commenced against any party any case, proceeding, or other action seeking issuance of a warrant of attachment, execution, distraint, or similar process against all or any substantial part of its property which results in the entry of an order for any such relief which shall not have been vacated, discharged, stayed, or bonded pending appeal within 90 days from the entry thereof; or (iv) any party shall take action in furtherance of, or indicating its consent to, approval of, or acquiescence in, any of the acts set forth in clause (i), (ii) or (iii) above; or (v) any party 19 shall generally not, or shall be unable to, or shall admit in writing its inability to, pay its debts as they become due. WITHOUT LIMITING THE FOREGOING, AND NOTWITHSTANDING ANY OTHER PROVISION CONTAINED HEREIN, EACH TAXING DISTRICT ACKNOWLEDGES AND AGREES THAT THE APPLICATION OF ANY PORTION OF THE JUNIOR LIEN PLEDGED REVENUE TO ANY PURPOSE OTHER THAN DEPOSIT WITH THE TRUSTEE OR AS OTHERWISE DIRECTED BY THE ISSUING DISTRICT IN ACCORDANCE WITH THE PROVISIONS HEREOF CONSTITUTES A VIOLATION OF THE TERMS OF THIS PLEDGE AGREEMENT AND A BREACH OF THE COVENANTS MADE HEREUNDER FOR THE BENEFIT OF THE BONDHOLDERS OF ANY JUNIOR LIEN OBLIGATIONS, WHICH SHALL ENTITLE THE ISSUING DISTRICT, THE SERVICE DISTRICT AND THE TRUSTEE TO PURSUE, ON BEHALF OF BONDHOLDERS OF ANY JUNIOR LIEN OBLIGATIONS, ALL AVAILABLE ACTIONS AGAINST EACH TAXING DISTRICT IN LAW OR IN EQUITY, AS MORE PARTICULARLY PROVIDED IN SECTION 4.02 HEREOF. EACH TAXING DISTRICT FURTHER ACKNOWLEDGES AND AGREES THAT THE APPLICATION OF JUNIOR LIEN PLEDGED REVENUE IN VIOLATION OF THE COVENANTS HEREOF WILL RESULT IN IRREPARABLE HARM TO THE BONDHOLDERS OF ANY JUNIOR LIEN OBLIGATIONS. IN NO EVENT SHALL ANY PROVISION HEREOF BE INTERPRETED TO PERMIT A TAXING DISTRICT TO RETAIN ANY PORTION OF THE JUNIOR LIEN PLEDGED REVENUE. Section 4.02. Remedies For Events of Non-Compliance. Upon the occurrence and continuance of an Event of Non-Compliance, any party may proceed to protect and enforce its rights against the party or parties causing the Event of Non-Compliance by mandamus or such other suit, action, or special proceedings in equity or at law, in any court of competent jurisdiction, including an action for specific performance. In the event of any litigation or other proceeding to enforce any of the terms, covenants or conditions hereof, the prevailing party in such litigation or other proceeding shall obtain, as part of its judgment or award, its reasonable attorneys’ fees and costs. In no event shall any party be entitled to consequential or punitive damages. Nothing in this Agreement shall be construed as a waiver by any of the Districts of the protections and privileges of the Colorado Governmental Immunity Act (Title 24, Article 10, C.R.S.). 20 ARTICLE V MISCELLANEOUS Section 5.01. Pledge of Revenue. The creation, perfection, enforcement, and priority of the pledge of Junior Lien Pledged Revenue by each Taxing District to secure or pay the Junior Lien Payment Obligation shall be governed by Section 11-57-208 of the Supplemental Act and this Agreement. The Junior Lien Pledged Revenue shall immediately be subject to the lien of such pledge without any physical delivery, filing, or further act. The lien of such pledge shall be valid, binding, and enforceable as against all persons having claims of any kind in tort, contract, or otherwise against any of the Taxing Districts irrespective of whether such persons have notice of such liens. Section 5.02. No Recourse against Officers and Agents. Pursuant to Section 11-57- 209 of the Supplemental Act, if a member of the Board of a District, or any officer or agent of a District acts in good faith, no civil recourse shall be available against such member, officer, or agent for payment of the Junior Lien Payment Obligation. Such recourse shall not be available either directly or indirectly through the Board of a District, or otherwise, whether by virtue of any constitution, statute, rule of law, enforcement of penalty, or otherwise. By the acceptance of this Agreement and as a part of the consideration hereof, each of the Districts and the Trustee specifically waives any such recourse. Section 5.03. Conclusive Recital. Pursuant to Section 11-57-210 of the Supplemental Act, this Agreement contains a recital that it is issued pursuant to certain provisions of the Supplemental Act, and such recital is conclusive evidence of the validity and the regularity of this Agreement after its delivery for value. Section 5.04. Limitation of Actions. Pursuant to Section 11-57-212 of the Supplemental Act, no legal or equitable action brought with respect to any legislative acts or proceedings in connection with the authorization, execution, or delivery of this Agreement shall be commenced more than 30 days after the authorization of this Agreement. Section 5.05. Consent of Service District. Pursuant to Section 3 of the Master IGA, the Service District hereby grants its consent to the execution of this Agreement by the Taxing Districts and to the issuance of the 2023 Senior Bonds by the Issuing District. Section 5.06. Notices. Except as otherwise provided herein, all notices or payments required to be given under this Agreement shall be in writing and shall be hand delivered or sent by certified mail, return receipt requested, or air freight, to the following addresses: If to the Districts: Haymeadow Metropolitan District Nos. 1-6 c/o Cockrel Ela Glesne Greher & Ruhland, P.C. 44 Cook Street, Suite 620 Denver, Colorado 80206 Attention: David Greher Email: dgreher@cegrlaw.com 21 If to the Trustee: BOKF, N.A. c/o BOK Financial 1600 Broadway, 26th Floor Denver, Colorado 80202 Attention: Corporate Trust Services Email: CTDenver@bokf.com All notices or documents delivered or required to be delivered under the provisions of this Agreement shall be deemed received one day after hand delivery or three days after mailing. Any District by written notice so provided may change the address to which future notices shall be sent. Section 5.07. Rights of Trustee. Notwithstanding any other provision herein, at such time as no amounts remain due and owing under any Junior Lien Obligation Document to which the Trustee is a party, all rights of the Trustee hereunder (including, but not limited to, the right to consent to any amendment hereto as a party hereof), shall terminate and be of no force or effect without further action by the parties hereto. Section 5.08. Agreement Issued to the Trustee. It is hereby acknowledged by the Issuing District and by each of the other Districts that the financial obligations incurred by the Taxing Districts pursuant to this Agreement are being issued to the Trustee, as the sole beneficiary of such obligations (for and on behalf of the financial institutions or institutional investors that hold any Junior Lien Obligations). Section 5.09. Required Debt Instrument Disclosure. By acceptance of this Agreement, the Trustee agrees and consents, as the sole beneficiary of such obligations (for and on behalf of the financial institutions or institutional investors that hold any Junior Lien Obligations) to all of the limitations in respect of the payment of principal and interest due on the Junior Lien Payment Obligation hereunder, in the resolutions of the Districts authorizing this Agreement and in the Service Plan, which limitations are reflected herein in the “Junior Lien Required Mill Levy” and “Termination Date” definitions. The Junior Lien Payment Obligation is not and cannot be a debt of the Town of Eagle. Section 5.10. Miscellaneous. (a) This Agreement constitutes the final, complete, and exclusive statement of the terms of the agreement between the parties pertaining to the subject matter of this Agreement and supersedes all prior and contemporaneous understandings or agreements of the parties. This Agreement may not be contradicted by evidence of any prior or contemporaneous statements or agreements. No party has been induced to enter into this Agreement by, nor is any party relying on, any representation, understanding, agreement, commitment, or warranty outside those expressly set forth in this Agreement. (b) If any term or provision of this Agreement is determined to be illegal, unenforceable, or invalid in whole or in part for any reason, such illegal, unenforceable, or invalid provisions or part thereof shall be stricken from this Agreement, and such provision shall not affect the legality, enforceability, or validity of the remainder of this 22 Agreement. If any provision or part thereof of this Agreement is stricken in accordance with the provisions hereof, then such stricken provision shall be replaced, to the extent possible, with a legal, enforceable, and valid provision that is as similar in tenor to the stricken provision as is legally possible. (c) The Bondholders are third party beneficiaries to this Agreement and it is intended that there be no other third party beneficiaries of this Agreement. Nothing contained herein, expressed or implied, is intended to give to any person other than the Trustee and the Districts any claim, remedy, or right under or pursuant hereto, and any agreement, condition, covenant, or term contained herein required to be observed or performed by or on behalf of any party hereto shall be for the sole and exclusive benefit of the other parties. (d) This Agreement may not be assigned or transferred by any party without the prior written consent of each of the other parties. (e) This Agreement shall be governed by and construed under the applicable laws of the State. (f) This Agreement may be amended or supplemented by the parties, but any such amendment or supplement must be in writing and must be executed by all parties and is subject to the limitations and requirements of any Junior Lien Obligation Documents. (g) If the date for making any payment or the last day for performance of any act or the exercising of any right, as provided in this Agreement, shall be a Saturday, Sunday, legal holiday or a day on which banking institutions in the city in which the principal office of the Trustee is located are authorized or required by law to remain closed, such payment may be made or act performed or right exercised on the next succeeding day which is not a Saturday, Sunday, legal holiday or a day on which such banking institutions are authorized or required by law to remain closed, with the same force and effect as if done on the nominal date provided in this Agreement. (h) Each party has participated fully in the review and revision of this Agreement. Any rule of construction to the effect that ambiguities are to be resolved against the drafting party shall not apply in interpreting this Agreement. The language in this Agreement shall be interpreted as to its fair meaning and not strictly for or against any party. (i) This Agreement may be executed in several counterparts, each of which shall be an original and all of which shall constitute but one and the same instrument. (j) Each Taxing District further acknowledges that any Junior Lien Obligation Documents shall not be subject to the consent of each Taxing District, so long as not purporting to amend the provisions hereof with respect to the obligations of each Taxing District. 23 (k) By acceptance of any Junior Lien Obligations, the Bondholders will be deemed to have agreed and consented to all of the limitations in respect of the payment of the principal of and interest on the Junior Payment Obligation contained herein, in the resolutions of the Districts authorizing the execution and delivery of this Agreement and in the Service Plan for creation of the Districts. The Junior Lien Payment Obligation is not and cannot be a debt of the Town of Eagle. (l) Each District has found and determined that the facilities described in the Service Plan are in the nature of community improvements intended for the general direct or indirect benefit of the planned residential community within the applicable District, and constitute improvements for which the applicable Taxing District is authorized to issue indebtedness and impose ad valorem property taxes in accordance with the Elections and the Service Plan, and the payment of such costs of the facilities is in furtherance of the purposes for which the applicable Taxing District was formed. Section 5.11. Effective Date and Termination Date. This Agreement shall become effective as of the date first written above and shall remain in effect until the Termination Date. Section 5.12. Electronic Execution and Storage. The parties hereto agree that the transaction described herein may be conducted and related documents may be stored by electronic means. Copies, telecopies, facsimiles, electronic files and other reproductions of original executed documents shall be deemed to be authentic and valid counterparts of such original documents for all purposes, including the filing of any claim, action or suit in the appropriate court of law. Without limiting the foregoing, the parties agree that any individual or individuals who are authorized to execute or consent to this Agreement or any amendment, supplement or consent relating thereto on behalf of each District or the Trustee are hereby authorized to execute the same electronically via facsimile or email signature. This agreement by the parties to use electronic signatures is made pursuant to Article 71.3 of Title 24, C.R.S., also known as the Uniform Electronic Transactions Act. Any electronic signature so affixed to this Agreement or any supplement or consent relating thereto shall carry the full legal force and effect of any original, handwritten signature. PresidentNO.1PresidentIMETROPOLITANDISTRICTSEALPresidentArlESTED:yv1/zSecretaryMETROPOLITANDISTRICTSEALPresidentatte;ED:cretary^/[SignaturePagetoJuniorLienCapitalPledgeAgreement]HAYMEANO.2HAYMEADNO.3HAYMENO.5\VMETROPOLITANDISTRICT1INWITNESSWHEREOF,theIssuingDistrict,DistrictNo.1,DistrictNo.2,DistrictNo.3,DistrictNo.4,theServiceDistrictandtheTrusteehaveexecutedthisAgreementasofthedayandyearfirstabovewritten.SEAL/inOWMETROPOLITANDISTRICTpru*.'•(*:'SEALw.Jd''vkj-feunlyATTESTED:^ssssS/Secretary/^ATTESTED:Secretary/iHAYMEADOWSEAL:? ADOWMETROPOLITANDISTRICTPresidentED:ATEecretaiPresidentBOKF,N.A.,asTrusteeAuthorizedSignatory[SignaturePagetoJuniorLienCapitalPledgeAgreement]HAY?NO.4HAYMEANO.6/)WMETROPOLITANDISTRICTSEALj.?^^^atfopo^f:SEALATTESTED:/k//Secretary President or Vice President ATTESTED: Secretary or Assistant Secretary President or Vice President ATTESTED: Secretary or Assistant Secretary BOKF,N.A.,as Trustei [Signature Page to Junior Lien Capital Pledge Agreement] HAYMEADOW METROPOLITAN DISTRICT NO.4 HAYMEADOW METROPOLITAN DISTRICT NO.6 Authorized Sfenaton EXHIBIT A TO JUNIOR LIEN CAPITAL PLEDGE AGREEMENT BALLOT QUESTIONS CANVASS BOARD'S CERTIFICATE OF DETERMINATION OF OFFICIAL ELECTION RESULTS FOR TU E SPECIAL ORGANIZATION ELECTION HELD NOVEMBER 4, 2014 FOR THE HAYMEADOW METROPOLITAN DISTRICT NO. 1 Each of the undersigned members of the Canvass Board of the Haymeadow Metropolitan District No. 1 ("District") certifies that the following is a true and correct determination of the official election results of the special organization election of the District, at which time the eligible electors of the District voted as indicated on the attached Judges' Certificate of Election Returns, and as a result of which the eligible electors elected to office the following Directors: Jens M. Werner Term to May, 2018 P.O. Box 2964 Avon, Colorado 81620 Richard J. Pyhnan Term to May, 2018 P.O. Box 1195 Edwards, Colorado 81632 Vacancy Term to May, 2018 Vacancy Term to May, 2016 Vacancy Term to May, 2016 The votes cast for and against each ballot issue and ballot question submitted were as follows: HAYMEADOW METROPOLITAN DISTRICT NO. 1 BALLOT QUESTION A: Shall Haymeadow Metropolitan District No. 1 be organized? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 1 BALLOT ISSUE B: SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 1 TAXES BE INCREASED $50,000 ANNUALLY (FIRST FULL FISCAL YEAR INCREASE) AND BY SUCH OTHER AMOUNTS COLLECTED IN EACH YEAR THEREAFTER FROM A MILL LEVY IMPOSED AT A RATE NOT TO EXCEED 50.000 MILLS (WITH THE ACTUAL MILL LEVY RATE FOR ANY FISCAL YEAR TO BE ADJUSTED DOWNWARDS OR UPWARDS BY THE BOARD OF DIRECTORS IN ITS DISCRETION) TO PAY THE DISTRICT'S ADMINISTRATION, OPERATIONS, MAINTENANCE, CAPITAL IMPROVEMENT AND (00416722.DOC OTHER EXPENSES WITHOUT LIMITATION; PROVIDED THAT SUCH MILL LEVY MAY BE ADJUSTED (A) TO ACCOUNT FOR CHANGES IN THE LAW OR THE METHOD BY WHICH ASSESSED VALUATION IS CALCULATED, INCLUDING A CHANGE IN THE PERCENTAGE OF ACTUAL VALUATION USED TO DETERMINE. ASSESSED VALUATION, (B) TO OFFSET ANY PROPERTY TAX CUT OR LIMIT WHICH IS MANDATED BY ARTICLE X, SECTION 20 OR OTHER PROVISIONS OF THE COLORADO CONSTITUTION, AS IT CURRENTLY EXISTS OR AS IT MAY BE AMENDED, AND (C) TO OFFSET REFUNDS AND ABATEMENTS; AND SHALL THE PROCEEDS OF SUCH TAXES AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION, SECTION 29-1-301, C.R.S., OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 1 BALLOT ISSUE C: (Debt for Parks and Recreation) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 1 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 1 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING; CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING PARKS AND RECREATION IMPROVEMENTS AND PROGRAMS AS AUTHORIZED BY LAW, INCLUDING WITHOUT LIMITATION PARKS, TRAILS, PATHS AND OPEN SPACE, TOGETHER WITH ALL NECESSARY, INCIDENTAL AND APPURTENANT FACILITIES, LAND AND EASEMENTS, AND ALL EXTENSIONS OF AND IMPROVEMENTS TO SUCH FACILITIES WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY • {00416722.DOC 0 WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICIHNT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. I BALLOT ISSUE D: (Debt for Drainage) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 1 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 1 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING—AIL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING A STORMWATER MANAGEMENT SYSTEM, INCLUDING WITHOUT LIMITATION STORMWATER, SEWER, FLOOD AND SURFACE DRAINAGE FACILIT1KS AND SYSTEMS, DETENTION/RETENTION PONDS AND ASSOCIATED DRAINAGE FACILITIES, TOGETHER WITH ALL NECESSARY, INCIDENTAL AND APPURTENANT FACILITIES, LAND AND EASEMENTS, AND ALL EXTENSIONS OF AND IMPROVEMENTS TO SUCH FACILITIES WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF (00416722.DOC SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 1 BALLOT ISSUE E: (Debt for Street Improvements) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 1 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 1 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS • AND-OBLIGATIONS-SECURED-BY-MOR-TGAGESTI)EEDS -OF TRU- S-T,LIENSTAND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING STREET, ROADWAY AND RELATED LANDSCAPING IMPROVEMENTS, INCLUDING CURBS, GUTTERS, CULVERTS, AND OTHER DRAINAGE FACILITIES, PEDESTRIAN WAYS, BRIDGES, ALLEYS, PARKING FACILITY ES, PAVING, LIGHTING, GRADING, LANDSCAPING, IRRIGATION, AND STRUCTURES; AND STREET-RELATED ELECTRIC, TELEPHONE, AND GAS; TOGETHER WITH ALL NECESSARY, INCIDENTAL, AND APPURTENANT FACILITIES, LAND AND EASEMENTS, AND ALL EXTENSIONS OF AND IMPROVEMENTS TO SAID FACILITI KS WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH {00416722.DOC /} INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY • COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 1 BALLOT ISSUE F: (Debt for Water) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 1 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL EIKYMBAJDOWT-M-ETROP 011T-AN-D IS-TRIC-T-NO.--1-T AXES -BE-INeRE-ARED S4-1;300,000- ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND. PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING COMPLETE POTABLE WATER SYSTEM AND A COMPLETE NONPOTABLE IRRIGATION WATER SYSTEM, INCLUDING BUT NOT LIMITED TO, WATER RIGHTS, WATER SUPPLY, TREATMENT, STORAGE, TRANSMISSION AND DISTRIBUTION SYSTEMS FOR PUBLIC OR PRIVATE PURPOSES, TOGETHER WITH ALL NECESSARY AND PROPER RESERVOIRS, TREATMENT WORKS AND FACILITY KS, WELLS, WATER RIGHTS, (00416722.DOC I} EQUIPMENT AND APPURTENANCES INCIDENT THERETO WHICH MAY INCLUDE, BUT SHALL NOT BE LIMITED TO, TRANSMISSION LINES, DISTRIBUTION MAINS AND LATERALS, STORAGE FACILITIES, LAND AND EASEMENTS, TOGETHER WITH EXTENSIONS OF AND IMPROVEMENTS TO SAID FACILIT I HS OR SYSTEMS WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN- AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY,THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 1 BALLOT ISSUE G: (Debt for Sewer) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 1 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 1 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, (00416722.DOC /} INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING SANITARY SEWERS, WASTEWATER TREATMENT AND DISPOSAL WORKS AND FACTLIT I ES, WATER QUALITY FACILITIES, EQUIPMENT AND APPURTENANCES INCIDENT THERETO, TOGETHER WITH ALL NECESSARY, INCIDENTAL AND APPURTENANT FACILITIES, LAND AND EASEMENTS, AND ALL NECESSARY EXTENSIONS OF AND IMPROVEMENTS TO SAID FACILIT ES OR SYSTEMS WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFIC I ENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS. OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: NO: HAYMEADOW METROPOLITAN DISTRICT NO. 1 BALLOT ISSUE 11: (Debt for Transportation) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 1 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 1 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL Two (2) •Zetor (0)• • {00416722.DOC OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING A SYSTEM TO TRANSPORT THE PUBLIC BY BUS, RAIL, OR ANY OTHER MEANS OF CONVEYANCE, OR ANY COMBINATION THEREOF, TOGETHER WITH ALL NECESSARY, INCIDENTAL AND APPURTENANT FACILITIES, LAND AND EASEMENTS, AND ALL EXTENSIONS OF AND IMPROVEMENTS TO SUCH FACILITIES WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL. LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFIC I HNT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 1 BALLOT ISSUE I: (Debt for Traffic and Safety Controls) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 1 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 1 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCIIDEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LIENS, AND {00416722.DOC /} OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING TRAFFIC AND SAFETY CONTROLS AND DEVICES ON STREETS AND HIGHWAYS AND AT RAILROAD CROSSINGS, TOGETHER WITH ALL NECESSARY, INCIDENTAL AND APPURTENANT FACILIT1KS, LAND AND EASEMENTS, AND ALL EXTENSIONS OF AND IMPROVEMENTS TO SUCH FACILITIES. WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND • PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICIHNT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 1 BALLOT ISSUE J: (Debt for Mosquito Control) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 1 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 1 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS {00416722.DOC /} AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LII NS; AND. OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING IMPROVEMENTS TO PROVIDE FOR THE ELIMINATION AND CONTROL OF MOSQUITOES, TOGETHER WITH ALL NECESSARY, INCIDENTAL AND APPURTENANT FACILITIES, LAND AND EASEMENTS, AND ALL EXTENSIONS OF AND IMPROVEMENTS TO SUCH FACILIT I KS WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 1 BALLOT ISSUE K: (Debt for Fire Protection) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 1 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 1 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS {00416722.DOC I) AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LE NNS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING FIRE PROTECTION, TOGETHER WITH ALL NECESSARY, INCIDENTAL AND APPURTENANT FACILITIES, LAND AND EASEMENTS, AND ALL EXTENSIONS OF AND IMPROVEMENTS TO SUCH FACILITY HS WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE; INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS. SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: - Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 1 BALLOT ISSUE L: (Debt for Refunding) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 1 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 1 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS {0(7416722.DOC I} AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF REFUNDING, PAYING, OR DEFEASING, IN WHOLE OR IN PART, BONDS, NOTES, OR OTHER FINANCIAL OBLIGATIONS OF THE DISTRICT; SUCH DEBT TO BEAR INTEREST AT A RATE TO BE DETERMINED BY THE DISTRICT BOARD, WHICH INTEREST RATE MAY BE HIGHER THAN THE INTEREST RATE BORNE BY THE OBLIGATIONS BEING REFUNDED BUT IN NO EVENT SHALL THE NET EFFECTIVE INTEREST RATE EXCEED 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY • COMPOUND PERIODICALLY AS MAY BE'DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW,. OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND. ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; THE PRINCIPAL AMOUNT OF SUCH DEBT, TOGETHER WITH ALL OTHER DEBT OF THE DISTRICT AUTHORIZED BY ANY OTHER BALLOT QUESTION AND ALL DEBT ISSUED BY HAYMEADOWMETROPOLITAN DISTRICT NOS. 2 TO 6, NOT TO EXCEED AN AGGREGATE OF $35,000,000; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING WITHOUT LIMITATION FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH. SUCH LIMITATIONS AS MAY BE DETERMINED .BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF. SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE-COLLECTED, RETAINED-AND SPENT BY THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 1 BALLOT ISSUE M: (Intergovernmental Agreements with the State or Political Subdivisions) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 1 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 1 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT AND MULTIPLE-FISCAL YEAR OBLIGATIONS; SUCH {00416722.DOC DEBT AND OBLIGATIONS TO CONSIST OF ONE OR MORE. NTERGOVERNMENTAL AGREEMENTS WITH THE STATE OR ANY POLITICAL SUBDIVISION OF THE STATE, INCLUDING THE TOWN OF EAGLE, COLORADO, AND HAYMEADOW METROPOLITAN DISTRICT NOS. 2 TO 6, FOR THE PURPOSE OF JOINTLY FINANCING THE COSTS OF ANY PUBLIC IMPROVEMENTS, FACILIT I 14,S, SYSTEMS, PROGRAMS, OR PROJECTS WHICH THE DISTRICT MAY LAWFULLY PROVIDE, OR FOR THE PURPOSE OF PROVIDING FOR THE OPERATIONS AND MAINTENANCE OF THE DISTRICT AND ITS FACILITIES AND PROPERTIES; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM THE DISTRICT'S OPERATING MILL LEVY IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY FOR THE PURPOSES SPECIF ABOVE; AND IN CONNECTION THEREWITH SHALL THE DISTRICT BE AUTHORIZED TO MAKE COVENANTS REGARDING THE ESTABLISHMENT AND USE OF AD VALOREM TAXES, RATES, FEES, TOLLS, PENALTIES, AND OTHER CHARGES OR REVENUES OF THE DISTRICT, AND COVENANTS, REPRESENTATIONS, AND WARRANT I I4,S AS TO OTHER MATTERS ARISING UNDER THE AGREEMENTS, ALL AS MAY BE DETERMINED BY THE BOARD OF DIRECTORS OF THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 1 BALLOT ISSUE N: (TABOR Exemption for Revenue) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 1 BE AUTHORIZED TO COLLECT, RETAIN, AND SPEND ANY AND ALL AMOUNTS ANNUALLY FROM ANY REVENUE SOURCES WHATSOEVER (INCLUDING WITHOUT LIMITATION ANY REVENUES FROM AD VALOREM PROPERTY TAXES, TAXES, SPECIFIC OWNERSHIP TAXES, FEES, RATES, TOLLS, PENALTIES, OR CHARGES, STATE, FEDERAL AND PRIVATE GRANTS AND GIFTS, OR ANY OTHER SOURCE); AND SHALL SUCH REVENUES BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER AS A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING; REVENUE=RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 1 BALLOT ISSUE 0: (Developer Agreements) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 1 BE AUTHORIZED TO ENTER {00416722.D0C4 INTO AGREEMENTS WITH ANY DEVELOPER OF PROPERTY IN THE DISTRICT FOR THE PURPOSE OF FINANCING THE COSTS. OF ANY PUBLIC IMPROVEMENTS, FACILITIES, SYSTEMS, OR PROJECTS WHICH THE DISTRICT MAY LAWFULLY PROVIDE, WHICH AGREEMENTS MAY CONSTITUTE DEBT OR INDEBTEDNESS AND MULTIPLE-FISCAL YEAR OBLIGATIONS OF THE DISTRICT TO THE EXTENT PROVIDED THEREIN AND OTHERWISE AUTHORIZED BY LAW, AND IN CONNECTION THEREWITH SHALL THE DISTRICT BE AUTHORIZED TO AGREE TO PAY SPECIE( HD REVENUES OF THE DISTRICT TO THE DEVELOPERS, TO MAKE COVENANTS REGARDING THE REVENUES OF THE DISTRICT, AND TO MAKE COVENANTS, REPRESENTATIONS, AND WARRANTIES AS TO OTHER MATTERS ARISING UNDER THE AGREEMENTS, ALL AS MAY BE DETERMINED BY THE BOARD OF DIRECTORS OF THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 1 BALLOT ISSUE P: (Mortgage of Property) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 1 BE AUTHORIZED TO ISSUE, CREATE, EXECUTE, AND DELIVER MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, WHETHER NOW OWNED OR HEREAFTER ACQUIRED, AND INCLUDING WITHOUT LIMITATION WATER AND WATER RIGHTS, SUCH ENCUMBRANCES OF THE DISTRICT AND OF HAYMEADOW METROPOLITAN DISTRICT NOS. 2 TO 6 TO BE IN THE AGGREGATE PRINCIPAL AMOUNT NOT TO EXCEED $35,000,000, PLUS INTEREST THEREON AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, ALL AS MAY BE DETERMINED BY THE BOARD OF DIRECTORS TO BE NECESSARY OR APPROPRIATE IN CONNECTION WITH THE ISSUANCE OF BONDS, NOTES, CONTRACTS, OR OTHER FINANCIAL OBLIGATIONS OF THE DISTRICT; SUCH ENCUMBRANCES TO BE CREATED FOR THE PURPOSE OF PROVIDING ADDITIONAL SECURITY FOR DISTRICT FINANCIAL OBLIGATIONS, AND TO BE CREATED AT ONE TIME OR FROM TIME TO TIME; SUCH MORTGAGES, DEEDS OF -TRUST, LIENS, OR OTHER ENCUMBRANCES-TO ENTITLE THE OWNER OR - - BENEFICIARY THEREOF TO FORECLOSE UPON AND TAKE TITLE TO AND POSSESSION OF THE DISTRICT PROPERTY SO ENCUMBERED, AND IN CONNECTION THEREWITH SHALL THE DISTRICT BE AUTHORIZED TO MAKE SUCH COVENANTS REGARDING THE USE OF THE ENCUMBERED PROPERTY AND OTHER MATTERS ARISING UNDER THE ENCUMBRANCE, ALL AS MAY BE DETERMINED BY THE BOARD OF-DIRECTORS OF THE DISTRICT? YES: Two (2) NO: Zero (0) {00416722.DOC/} YES: NO: CERTIF I HD this 5th day of Novemb Design Two (2) Zero (0) d Election Official Canvass Canvasser HAYMEADOW METROPOLITAN DISTRICT NO.2 BALLOT QUESTION Q (Transportation Services) Shall the Haymeadow Metropolitan District No. 2 be authorized to provide transportation services and exercise the power to establish, maintain, and operate a system to transport the public by bus, rail, or any other means of convenience, or any combination thereof, within and without the District boundaries, but only within Eagle County, Colorado, within which the District is located? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO.2 BALLOT QUESTION R (Waiver of Term Limits) Shall the limitations on terms of office of elected members of the Board of Directors of the Haymeadow Metropolitan District No. 2 be eliminated pursuant to Article XVIII, Section 11(2) of the Colorado Constitution? Contact Person for District: Business Address: Telephone Number: - - David A. Greher Collins Cockrel & Cole 390 Union Boulevard, Suite 400 Denver, Colorado 80228 (303) 986-1551 {00416752.D0C t} EXEIIBIT-A - (Attach Judges' Certificate of Election Returns) {00416722.DOC I) JUDGES' CERTIFICATE OF MAIL BALLOT ELECTION RETURNS AND STATEMENT OF BALLOTS FOR HAYMEADOW METROPOLITAN DISTRICT NO. 1 IT IS HEREBY CERTIFIED by the undersigned, who conducted the mail ballot election held in the Haymeadow Metropolitan District No. 1, in Eagle County, Colorado, on the 4th day of November, 2014, that after qualifying by swearing and subscribing to their Oaths of Office, they opened the polls at 7:00 a.m., and that they kept the polls open continuously until the hour of 7:00 p.m. on such date, after which they counted the ballots cast for Directors of the District and for the ballot issues and ballot questions submitted in accordance with the Colorado Local Government Election Code. That the votes cast for Director of the District to act until the first regular election in May, 2016: CANDIDATE FOR DIRECTOR There were no candidates That the votes cast for Director of the District to act until the second regular election in May, 2018: CANDIDATE FOR DIRECTOR NUMBER OF VOTES CAST Jens M. Werner Richard Pylman Two (2) Two (2) That the votes cast for and against the ballot questions and ballot issues submitted were as follows: HAYMEADOW METROPOLITAN DISTRICT NO. 1 BALLOT QUESTION A: Shall Haymeadow Metropolitan District No. 1 be organized? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 1 BALLOT ISSUE B: SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 1 TAXES BE INCREASED $50,000 ANNUALLY (FIRST FULL FISCAL YEAR INCREASE) AND BY SUCH OTHER AMOUNTS COLLECTED IN EACH YEAR THEREAFTER FROM A MILL LEVY IMPOSED AT A RATE NOT TO EXCEED 50.000 MILLS (WITH THE ACTUAL MILL LEVY RATE FOR ANY FISCAL YEAR TO BE ADJUSTED DOWNWARDS OR UPWARDS BY THE BOARD OF DIRECTORS IN ITS DISCRETION) TO PAY THE DISTRICT'S ADMINISTRATION, OPERATIONS, MAINTENANCE, CAPITAL IMPROVEMENT AND. OTHER EXPENSES WITHOUT LIMITATION; PROVIDED THAT SUCH MILL LEVY MAY BE ADJUSTED (A) TO ACCOUNT FOR CHANGES IN THE LAW OR THE METHOD BY WHICH ASSESSED VALUATION IS CALCULATED, INCLUDING A CHANGE IN THE PERCENTAGE OF ACTUAL VALUATION USED TO DETERMINE ASSESSED VALUATION, (B) TO OFFSET ANY PROPERTY TAX CUT OR LIMIT WHICH IS MANDATED BY ARTICLE X, SECTION 20 OR OTHER PROVISIONS OF THE COLORADO CONSTITUTION, AS IT CURRENTLY EXISTS OR AS IT MAY BE AMENDED, AND (C) TO OFFSET REFUNDS AND ABATEMENTS; AND SHALL THE PROCEEDS OF SUCH TAXES AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION, SECTION 29-1-301, C.R.S., OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 1 BALLOT ISSUE C: (Debt for Parks and Recreation) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 1 DEBT BE INCREASED $35,000;000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 1 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING PARKS AND RECREATION IMPROVEMENTS AND PROGRAMS AS AUTHORIZED BY LAW, INCLUDING WITHOUT LIMITATION PARKS, TRAILS, PATHS AND OPEN SPACE, TOGETHER WITH ALL NECESSARY, INCIDENTAL AND APPURTENANT FACILITIES, LAND AND EASEMENTS, AND ALL EXTENSIONS OF AND IMPROVEMENTS TO SUCH FACILITIES WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN. EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: NO: Two (2) Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 1 BALLOT ISSUE D: (Debt for Drainage) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 1 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 1 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LI BNS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING A STORMWATER MANAGEMENT SYSTEM, INCLUDING WITHOUT LIMITATION STORMWATER, SEWER, FLOOD AND SURFACE DRAINAGE FACILITIES AND SYSTEMS, DETENTION/RETENTION PONDS AND ASSOCIATED DRAINAGE FACILITIES, TOGETHER WITH ALL NECESSARY, INCIDENTAL AND APPURTENANT FACILITIES, LAND AND EASEMENTS, AND ALL EXTENSIONS OF AND IMPROVEMENTS TO SUCH FACILITIES WITHIN'AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF .ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 1 BALLOT ISSUE E: (Debt for Street Improvements) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 1 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 1 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING STREET, ROADWAY AND RELATED LANDSCAPING IMPROVEMENTS, INCLUDING CURBS, GUTTERS, CULVERTS, AND OTHER DRAINAGE FACILIT I FS, PEDESTRIAN WAYS, BRIDGES, ALLEYS, PARKING FACILITIES, PAVING, LIGHTING, GRADING, LANDSCAPING, IRRIGATION, AND STRUCTURES; AND STREET-RELATED ELECTRIC, TELEPHONE, AND GAS; TOGETHER WITH ALL NECESSARY, INCIDENTAL, AND APPURTENANT FACILITTES, LAND AND EASEMENTS, AND ALL EXTENSIONS OF AND IMPROVEMENTS TO SAID FACILIT I F.:S WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT • OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR. SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 1 BALLOT ISSUE F: (Debt for Water) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 1 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 1 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LI FNS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING COMPLETE POTABLE WATER SYSTEM AND A COMPLETE NONPOTABLE IRRIGATION WATER SYSTEM, INCLUDING BUT NOT LIMITED TO, WATER RIGHTS, WATER SUPPLY,. TREATMENT, STORAGE, TRANSMISSION AND DISTRIBUTION SYSTEMS FOR PUBLIC OR PRIVATE PURPOSES, TOGETHER WITH ALL NECESSARY AND PROPER RESERVOIRS, TREATMENT WORKS AND FACILIT I ES, WELLS, WATER RIGHTS, EQUIPMENT AND APPURTENANCES INCIDENT THERETO WHICH MAY INCLUDE, BUT SHALL NOT BE LIMITED TO, TRANSMISSION LINES, DISTRIBUTION MAINS AND LATERALS, STORAGE FACILITIES, LAND AND EASEMENTS, TOGETHER WITH EXTENSIONS OF AND IMPROVEMENTS TO SAID FACILITIES OR SYSTEMS WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 1 BALLOT ISSUE G: (Debt for Sewer) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 1 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 1 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING SANITARY SEWERS, WASTEWATER TREATMENT AND DISPOSAL WORKS AND FACILITIkS, WATER QUALITY FACILITIES, EQUIPMENT AND APPURTENANCES INCIDENT THERETO, TOGETHER WITH ALL NECESSARY, INCIDENTAL AND APPURTENANT FACILITIES, LAND AND EASEMENTS, AND. ALL NECESSARY EXTENSIONS OF AND IMPROVEMENTS TO SAID FACILITIES OR SYSTEMS WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM; SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFIC11,NT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR. SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 1 BALLOT ISSUE H: (Debt for Transportation) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 1 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 1 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY. THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING A SYSTEM TO TRANSPORT THE PUBLIC BY BUS, RAIL, OR ANY OTHER MEANS OF CONVEYANCE, OR ANY COMBINATION THEREOF, TOGETHER WITH ALL NECESSARY, INCIDENTAL AND APPURTENANT FACILITIES, LAND AND EASEMENTS, AND ALL EXTENSIONS OF AND IMPROVEMENTS TO SUCH FACILIT I HS WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES:. NO: Two (2) Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 1 BALLOT ISSUE I: (Debt for Traffic and Safety Controls) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 1 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 1 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING TRAFFIC AND SAFETY CONTROLS AND DEVICES ON STREETS AND HIGHWAYS AND AT RAILROAD CROSSINGS, TOGETHER WITH ALL NECESSARY, INCIDENTAL AND APPURTENANT FACILITIES, LAND AND EASEMENTS, AND ALL EXTENSIONS OF - AND IMPROVEMENTS TO SUCH FACILITIES WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: NO: Two (2) Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 1 BALLOT ISSUE J: (Debt for Mosquito Control) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 1 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 1 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, URNS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING IMPROVEMENTS TO PROVIDE FOR THE ELIMINATION AND CONTROL OF MOSQUITOES, TOGETHER WITH ALL NECESSARY, INCIDENTAL AND APPURTENANT FACILITIES, LAND AND EASEMENTS, AND ALL EXTENSIONS OF AND IMPROVEMENTS TO SUCH FACILITIES WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL.AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFIC I HNT TO PRODUCE. THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON TIS DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. I BALLOT ISSUE K: (Debt for Fire Protection) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 1 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 1 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING FIRE PROTECTION, TOGETHER WITH ALL NECESSARY, INCIDENTAL AND APPURTENANT FACILIT I I4,S, LAND AND EASEMENTS, AND ALL EXTENSIONS OF AND IMPROVEMENTS TO SUCH FACILITIES WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 1 BALLOT ISSUE L: (Debt for Refunding) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 1 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 1 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LI NNS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF REFUNDING, PAYING, OR DEFEASING, IN WHOLE OR IN PART, BONDS, NOTES, OR OTHER FINANCIAL OBLIGATIONS OF THE DISTRICT; SUCH DEBT TO BEAR INTEREST' AT A RATE TO BE DETERMINED BY THE DISTRICT BOARD, WHICH INTEREST RATE MAY BE HIGHER THAN THE INTEREST RATE BORNE BY THE OBLIGATIONS BEING REFUNDED BUT IN NO EVENT SHALL THE NET EFFECTIVE INTEREST RATE EXCEED 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; THE PRINCIPAL AMOUNT OF SUCH DEBT, TOGETHER WITH ALL OTHER DEBT OF THE DISTRICT AUTHORIZED BY ANY OTHER BALLOT QUESTION AND ALL DEBT ISSUED BY HAYMEADOW METROPOLITAN DISTRICT NOS. 2 TO 6, NOT TO EXCEED AN AGGREGATE OF $35,000,000; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING WITHOUT LIMITATION FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICE HNT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: Two (2) NO: • Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 1 BALLOT ISSUE M: (Intergovernmental Agreements with the State or Political Subdivisions) • SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 1 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 1 TAXES BE INCREASED $41,300,000 ANNUALLY, OR. BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT AND MULTIPLE-FISCAL YEAR OBLIGATIONS; SUCH DEBT AND OBLIGATIONS TO CONSIST OF ONE OR MORE INTERGOVERNMENTAL AGREEMENTS WITH THE STATE OR ANY POLITICAL SUBDIVISION OF THE STATE, INCLUDING THE TOWN OF EAGLE, COLORADO, AND HAYMEADOW METROPOLITAN DISTRICT NOS. 2 TO 6, FOR THE PURPOSE OF JOINTLY FINANCING THE COSTS OF ANY PUBLIC IMPROVEMENTS, FACILITIES, SYSTEMS, PROGRAMS, OR PROJECTS WHICH THE DISTRICT MAY LAWFULLY PROVIDE, OR FOR THE PURPOSE OF PROVIDING FOR THE OPERATIONS AND MAINTENANCE OF THE DISTRICT AND ITS FACILITIES AND PROPERTIES; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM THE DISTRICT'S OPERATING MILL LEVY IN AMOUNTS SUFFICIENT TO PRODUCE THE. ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY FOR THE PURPOSES SPECIFIED ABOVE; AND IN CONNECTION THEREWITH SHALL THE DISTRICT BE AUTHORIZED TO MAKE COVENANTS REGARDING THE ESTABLISHMENT AND USE OF AD VALOREM TAXES, RATES, FEES, TOLLS, PENALTIES, AND OTHER CHARGES OR REVENUES OF THE DISTRICT, AND COVENANTS, REPRESENTATIONS, AND WARRANTil-4:S AS TO OTHER MATTERS ARISING UNDER THE AGREEMENTS, ALL AS MAY BE DETERMINED BY THE BOARD OF DIRECTORS OF THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 1 BALLOT ISSUE N: (TABOR Exemption for Revenue) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 1 BE AUTHORIZED TO COLLECT, RETAIN, AND SPEND ANY AND ALL AMOUNTS ANNUALLY FROM'ANY REVENUE SOURCES WHATSOEVER (INCLUDING WITHOUT LIMITATION. ANY REVENUES FROM AD VALOREM PROPERTY TAXES, TAXES, SPECIFIC OWNERSHIP . TAXES,. FEES, RATES, TOLLS, PENALTIES, OR CHARGES, STATE, FEDERAL AND PRIVATE GRANTS AND GIFTS, OR ANY OTHER SOURCE); AND SHALL SUCH REVENUES BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER AS A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 1 BALLOT ISSUE 0: (Developer Agreements) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 1 BE AUTHORIZED TO ENTER INTO AGREEMENTS WITH ANY DEVELOPER OF PROPERTY IN THE DISTRICT FOR THE PURPOSE OF FINANCING THE COSTS OF ANY PUBLIC IMPROVEMENTS, FACILITIES, SYSTEMS, OR PROJECTS WHICH THE DISTRICT MAY LAWFULLY PROVIDE, WHICH AGREEMENTS MAY CONSTITUTE DEBT OR INDEBTEDNESS AND MULTIPLE-FISCAL YEAR OBLIGATIONS OF THE DISTRICT TO THE EXTENT PROVIDED THEREIN AND OTHERWISE AUTHORIZED BY LAW, AND IN CONNECTION THEREWITH SHALL THE DISTRICT BE AUTHORIZED TO AGREE TO PAY SPECIFIED REVENUES OF THE DISTRICT TO THE DEVELOPERS, TO MAKE COVENANTS REGARDING THE REVENUES OF THE DISTRICT, AND TO MAKE COVENANTS, REPRESENTATIONS, AND WARRANTIIiS AS TO OTHER MATTERS ARISING UNDER THE AGREEMENTS, ALL AS MAY BE DETERMINED BY THE BOARD OF DIRECTORS OF THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 1 BALLOT ISSUE P: (Mortgage of Property) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 1 BE AUTHORIZED TO ISSUE, CREATE, EXECUTE, AND DELIVER MORTGAGES, DEEDS OF TRUST, URNS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, WHETHER NOW OWNED OR HEREAFTER ACQUIRED, AND INCLUDING WITHOUT LIMITATION WATER AND WATER RIGHTS, SUCH ENCUMBRANCES OF THE DISTRICT AND OF HAYMEADOW METROPOLITAN DISTRICT NOS. 2 TO 6 TO BE IN THE AGGREGATE PRINCIPAL AMOUNT NOT TO EXCEED $35,000,000, PLUS INTEREST THEREON AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, ALL AS MAY BE DETERMINED BY THE BOARD OF DIRECTORS TO BE NECESSARY OR APPROPRIATE IN CONNECTION WITH THE ISSUANCE OF BONDS, NOTES, CONTRACTS, OR OTHER FINANCIAL OBLIGATIONS OF THE DISTRICT; SUCH ENCUMBRANCES TO BE CREATED. FOR THE PURPOSE OF PROVIDING ADDITIONAL SECURITY FOR DISTRICT FINANCIAL OBLIGATIONS, AND TO BE CREATED AT ONE TIME OR FROM TIME TO TIME; SUCH MORTGAGES, DEEDS OF TRUST, LIENS, OR OTHER ENCUMBRANCES TO ENTITLE THE OWNER OR BENEFICIARY THEREOF TO FORECLOSE UPON'AND TAKE TITLE TO AND POSSESSION OF THE DISTRICT PROPERTY SO ENCUMBERED, AND IN CONNECTION THEREWITH SHALL THE DISTRICT BE AUTHORIZED TO MAKE SUCH COVENANTS REGARDING THE USE OF THE ENCUMBERED PROPERTY AND OTHER MATTERS ARISING UNDER THE ENCUMBRANCE, ALL AS MAY BE DETERMINED BY THE BOARD OF DIRECTORS OF THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO.1 BALLOT QUESTION Q (Transportation Services) Shall the Haymeadow Metropolitan District No. 1 be authorized to provide transportation services and exercise the power to establish, maintain, and operate a system to transport the public by bus, rail, or any other means of convenience, or any combination thereof, within and without the District boundaries, but only within Eagle County, Colorado, within which the District is located? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO.1 BALLOT QUESTION R (Waiver of Tem]. Limits) Shall the limitations on terms of office of elected members of the Board of Directors of the Haymeadow Metropolitan District No. 1 be eliminated pursuant to Article XVIII, Section 11(2) of the Colorado Constitution? YES: Two (2) NO: Zero (0) on Judge It is hereby identified and specified that: Total Number of Ballots Delivered to Electors (including UOCAVA ballots): Total Number of Ballots Voted (including UOCAVA ballots): Number of Ballots Returned Undelivered: Number of Spoiled Ballots (Replacement Ballot issued): Number of Rejected Ballots: Number of Defective Ballots: Number of Substitute Ballots Voted: Number of Unofficial Ballots Voted: Total Number of Ballots Returned to Designated Election Official (including UOCAVA ballots): Certified this 4th day of November, 2014. Three (3) Two (2) Zero (0) One (1) Zero (0) Zero (0) Zero (0) Zero (0) Two (2) Election Judge CANVASS BOARD'S CER1114ICATE OF DE TERMINATION OF OFFICIAL ELECTION RESULTS FOR THE SPECIAL ORGANIZATION ELECTION HELD NOVEMBER 4, 2014 FOR THE HAYMEADOW METROPOLITAN DISTRICT NO.2 Each of the undersigned members of the Canvass Board of the Haymeadow Metropolitan District No. 2 ("District") certifies that the following is a true and correct determination of the official election results of the special organization election of the District, at which time the eligible electors of the District voted as indicated on the attached Judges' Certificate of Election Returns, and as a result of which the eligible electors elected to office the following Directors: Jens M. Werner Term to May, 2018 P.O. Box 2964 AvonZolorado_81670 Richard J. Pylman Term to May, 2018 P.O. Box 1195 Edwards, Colorado 81632 Vacancy Term to May, 2018 Vacancy Term to May, 2016 Vacancy Term to May, 2016 The votes cast for and against each ballot issue and ballot question submitted were as follows: HAYMEADOW METROPOLITAN DISTRICT NO.2 BALLOT QUESTION A: Shall Haymeadow Metropolitan District No. 2 be organized? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO.2 BALLOT ISSUE B: SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 2 TAXES BE INCREASED $50,000 ANNUALLY (FIRST FULL FISCAL YEAR INCREASE) AND BY SUCH OTHER AMOUNTS COLLECTED IN EACH YEAR THEREAFTER FROM A MILL LEVY IMPOSED AT A RATE NOT TO EXCEED 50.000 MILLS (WITH THE ACTUAL. MILL LEVY RATE FOR ANY FISCAL YEAR TO BE ADJUSTED DOWNWARDS OR UPWARDS BY THE BOARD OF DIRECTORS IN ITS DISCRETION) TO PAY THE DISTRICT'S ADMINISTRATION, OPERATIONS, MAINTENANCE, CAPITAL IMPROVEMENT AND. OTHER EXPENSES WITHOUT LIMITATION; PROVIDED THAT SUCH MILL LEVY MAY BE ADJUSTED (A) TO ACCOUNT FOR CHANGES IN THE LAW OR THE METHOD BY WHICH ASSESSED VALUATION IS CALCULATED, INCLUDING A {00416752.DOC /} CHANGE IN- THE PERCENTAGE OF ACTUAL VALUATION USED TO DETERMINE ASSESSED VALUATION, (B) TO OFFSET ANY PROPERTY TAX CUT OR LIMIT WHICH IS MANDATED BY ARTICLE X, SECTION 20 OR OTHER PROVISIONS OF THE COLORADO CONSTITUTION, AS IT CURRENTLY EXISTS OR AS IT MAY BE AMENDED, AND (C) TO OFFSET REFUNDS AND ABATEMENTS; AND SHALL THE PROCEEDS OF SUCH TAXES AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION, SECTION 29-1-301, C.R.S., OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: NO: Two (2) Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 2 BALLOT ISSUE C: (Debt for Parks and Recreation) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 2 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 2 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING PARKS AND RECREATION IMPROVEMENTS AND PROGRAMS AS AUTHORIZED BY LAW, INCLUDING WITHOUT LIMITATION PARKS, TRAILS, PATHS AND OPEN SPACE, TOGETHER WITH ALL NECESSARY, INCIDENTAL AND APPURTENANT FACILITIES, LAND AND EASEMENTS, AND ALL EXTENSIONS OF AND IMPROVEMENTS TO SUCH FACILITIES WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL {00416752.DOC I) LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN MW--YEAR---THE-AMOLINT-OF-OT4=IER-REVENUES-THAT-MAY-B&COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: NO: Two (2) Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 2 BALLOT ISSUE D: (Debt for Drainage) SHALL HAYMEADOW METROPOLITAN DISTRICT NO.2 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO.2 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING A STORMWATER MANAGEMENT SYSTEM, INCLUDING WITHOUT LIMITATION STORMWATER, SEWER, FLOOD AND SURFACE DRAINAGE FACILITIES AND SYSTEMS, DETENTION/RETENTION PONDS AND ASSOCIATED DRAINAGE FACILITIES, TOGETHER WITH ALL NECESSARY, INCIDENTAL AND APPURTENANT FACILITIES, LAND AND EASEMENTS, AND ALL EXTENSIONS OF AND IMPROVEMENTS TO SUCH FACILITIES WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN {00416752.DOC EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, RE- . G, OR-OTHER LIMITATION-COINLTAINED-WITHIN-ART-ICLE-X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: NO: Two (2) Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO.2 BALLOT ISSUE E: (Debt for Street Improvements) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 2 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO.2 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING STREET, ROADWAY AND RELATED LANDSCAPING IMPROVEMENTS, INCLUDING CURBS, GUTTERS, CULVERTS, AND OTHER DRAINAGE FACILITIES, PEDESTRIAN WAYS, BRIDGES, ALLEYS, PARKING FACILITIES, PAVING, LIGHTING, GRADING, LANDSCAPING, IRRIGATION, AND STRUCTURES; AND STREET-RELATED ELECTRIC, TELEPHONE, AND GAS; TOGETHER WITH ALL NECESSARY, INCIDENTAL, AND APPURTENANT FACILITIES, LAND AND EASEMENTS, AND ALL EXTENSIONS OF AND IMPROVEMENTS TO SAID FACILITi ES WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTWE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR {00416752.DOC EQUAL TO'l HE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINE-D-AND-SPENT-13-Y-TRE-DISTRICT-IN-FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO.2 BALLOT ISSUE F: (Debt for Water) SHALL HAYMEADOW METROPOLITAN DISTRICT NO.2 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO.2 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LI KNS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING COMPLETE POTABLE WATER SYSTEM AND A COMPLETE NONPOTABLE IRRIGATION WATER SYSTEM, INCLUDING BUT NOT LIMITED TO, WATER RIGHTS, WATER SUPPLY, TREATMENT, STORAGE, TRANSMISSION AND DISTRIBUTION SYSTEMS FOR PUBLIC OR PRIVATE PURPOSES, TOGETHER WITH ALL NECESSARY AND PROPER RESERVOIRS, TREATMENT WORKS AND FACILITIES, WELLS, WATER RIGHTS, EQUIPMENT AND APPURTENANCES INCIDENT THERETO WHICH MAY INCLUDE, BUT SHALL NOT BE LIMITED TO, TRANSMISSION LINES, DISTRIBUTION MAINS AND LATERALS, STORAGE FACILITIES, LAND AND EASEMENTS, TOGETHER WITH 00416752.r:0C /} EXTENSIONS OF AND IMPROVEMENTS TO SAID FACILITY FS OR SYSTEMS WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE-DETERMINED BY-T-FIE-DISTRICT-BOARDAND IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: NO: Two (2) Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 2 BALLOT ISSUE G: (Debt for Sewer) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 2 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 2 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING SANITARY SEWERS, WASTEWATER TREATMENT AND DISPOSAL WORKS AND FACILITIES, WATER QUALITY FACILITIES, EQUIPMENT AND APPURTENANCES INCIDENT (00416752.DOC 477P'?'1 THERETO, TOGETHER WITH:ALL NECESSARY, INCIDENTAL AND APPURTENANT FACILITIES, LAND AND EASEMENTS, AND ALL NECESSARY EXTENSIONS OF AND IMPROVEMENTS TO SAID FACILITIES OR SYSTEMS WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE-DIS-TRICTINGLUDING-FROM-A-MIL-L-LE-W—IMPOSED-WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFIC I RNT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LEVITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO.2 BALLOT ISSUE H: (Debt for Transportation) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 2 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO.2 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING A SYSTEM TO TRANSPORT THE PUBLIC BY BUS, RAIL, OR ANY OTHER MEANS OF f00416752.DOC I) '3"=-=•-n CONVEYANCE, OR ANY COMBINATION THEREOF, TOGETHER WITH ALL NECESSARY, INCIDENTAL AND APPURTENANT FACILITIES, LAND AND EASEMENTS, AND ALL EXTENSIONS OF AND IMPROVEMENTS TO SUCH FACILITIES WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY—AVAILABLE-MONEYS OF THE-DISTRICT, INCLUDING FROM-A. MILL-- LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN- ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: NO: Two (2) Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO.2 BALLOT ISSUE I: (Debt for Traffic and Safety Controls) SHALL HAYMEADOW METROPOLITAN DISTRICT NO.2 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO.2 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING TRAFFIC (00416752.DOC I) AND SAFETY CONTROLS AND DEVICES ON STREETS AND HIGHWAYS AND AT RAILROAD CROSSINGS, TOGETHER WITH ALL NECESSARY, INCIDENTAL AND APPURTENANT FACILIT IFS, LAND AND EASEMENTS, AND ALL EXTENSIONS OF AND IMPROVEMENTS TO SUCH FACILID KS WITHIN AND WITHOUT THE BOUNDARIES OF TILE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED;SUCH-DBBT-TO-BE-P-AID,FROM-ANY-LEGALLY-AV.AILABLE- MONEYS OF THE DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICE HNT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM ll ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO.2 BALLOT ISSUE J: (Debt for Mosquito Control) SHALL HAYMEADOW METROPOLITAN DISTRICT NO.2 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO.2 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, .ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING (00416752.DOC /} IMPROVEMENTS. TO PROVIDE FOR THE ELIMINATION AND CONTROL OF MOSQUITOES, TOGETHER WITH ALL NECESSARY, INCIDENTAL AND APPURTENANT FACILITIES, LAND AND EASEMENTS, AND ALL EXTENSIONS OF AND IMPROVEMENTS TO SUCH FACILITIES WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED;-SUCH-DEBT-TO-BE-P-AID FROM ANY LEGALLY AVAILABLE-MONEYS OF THE DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, . AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: NO: Two (2) Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 2 BALLOT ISSUE K: (Debt for Fire Protection) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 2 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 2 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING FIRE (00416752.DOC PROTECTION, TOGETHER WITH ALL NECESSARY, INCIDENTAL AND APPURTENANT FACILITY ES, LAND AND EASEMENTS, AND ALL EXTENSIONS OF AND IMPROVEMENTS TO SUCH FACILIT) NS WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING-FROM A-MIL-I, LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: NO: Two (2) Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO.2 BALLOT ISSUE L: (Debt for Refunding) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 2 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO.2 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LI ENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF REFUNDING, PAYING, OR DEFEASING, IN WHOLE OR IN PART, BONDS, NOTES, OR OTHER FINANCIAL OBLIGATIONS OF THE DISTRICT; SUCH DEBT TO BEAR INTEREST AT A RATE TO BE DETERMINED BY THE DISTRICT BOARD, WHICH INTEREST RATE MAY BE HIGHER THAN THE {.00416752.DOC/} INTEREST RATE BORNE BY THE OBLIGATIONS BEING REFUNDED BUT IN NO EVENT SHALL THE NET EFFECTIVE INTEREST RATE EXCEED 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; THE PRINCIPAL AMOUNT OF SUCH DEBT, TOGETHER WITH ALL OTHER DEBT OF THE DISTRICT AUTHORIZED BY ANY OTHER BALLOT QUESTION AND ALL DEBT ISSUED BY HAYMEADOW METROPOLITAN DISTRICT NOS. 1 AND 3 TO 6, NOT TO EXCEED AN AGGREGATE OF $35,000,000; SUCH DEBT -TO -BE-P-AID-FROM-ANY-LEG-ALLY-AV-AIL-A-BLE-MONEY-S-OF-THE-DISTRICT, INCLUDING WITHOUT LIMITATION FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO.2 BALLOT ISSUE M: (Intergovernmental Agreements with the State or Political Subdivisions) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 2 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO.2 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT AND MULTIPLE-FISCAL YEAR OBLIGATIONS; SUCH DEBT AND OBLIGATIONS TO CONSIST OF ONE OR MORE INTERGOVERNMENTAL AGREEMENTS WITH THE STATE OR ANY POLITICAL SUBDIVISION OF THE STATE, INCLUDING THE TOWN OF EAGLE, COLORADO, AND HAYMEADOW METROPOLITAN DISTRICT NOS. 1 AND 3 TO 6, FOR THE PURPOSE OF JOINTLY FINANCING THE COSTS OF ANY PUBLIC IMPROVEMENTS, FACILITIES, SYSTEMS, PROGRAMS, OR PROJECTS WHICH THE DISTRICT MAY LAWFULLY PROVIDE, OR {00416752.DOC /} FORME PURPOSE OF PROVIDING FOR THE OPERATIONS AND MAINTENANCE OF THE DISTRICT AND ITS FACILITIES AND PROPERTIES; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM THE DISTRICT'S OPERATING MILL LEVY IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET-FORTH ABOVE OR SUCH LESSER.AMOUNT AS MAY BE NECESSARY FOR THE PURPOSES SPECIFIED ABOVE; AND IN CONNECTION THEREWITH SHALL THE DISTRICT BE AUTHORIZED TO MAKE COVENANTS REGARDING THE ESTABLISHMENT AND USE OF AD VALOREM TAXES,.RATES; . FEES, TOLLS, PENALTIES, AND OTHER CHARGES OR REVENUES OF THE DISTRICT; AND COVENANTS, REPRESENTATIONS, AND WARRANTIES AS TO OTHER. . MATTERS ARISING UNDER THE AGREEMENTS, ALL AS MAY BE DETERMINED BY THE BOARD OF DIRECTORS OF THE DISTRICT? YES: Two (2) NO: Zero (0) HAYIVIEADOW METROPOLITAN DISTRICT NO.2 BALLOT ISSUE N: (TABOR Exemption for Revenue). SHALL HAYMEADOW METROPOLITAN DISTRICT NO.2 BE AUTHORIZED TO COLLECT, RETAIN, AND SPEND ANY AND ALL AMOUNTS ANNUALLY FROM ANY REVENUE SOURCES WHATSOEVER (INCLUDING WITHOUT LIMITATION ANY REVENUES FROM AD VALOREM PROPERTY TAXES, TAXES, SPECIFIC OWNERSHIP TA)MS, FEES, RATES, TOLLS, PENALTIES, OR CHARGES; STATE, FEDERAL AND PRIVATE GRANTS AND*GIFTS, OR ANY OTHER SOURCE); AND SHALL SUCH REVENUES BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER AS A VOTER-APPROVED " REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING. IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? 1 YES: One (1) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO.2 BALLOT ISSUE 0: (Developer Agreements) SHALL HAYMEADOW METROPOLITAN DISTRICT NO 2 BE AUTHORIZED TO ENTER INTO AGREEMENTS WITH ANY DEVELOPER OF PROPERTY IN THE DISTRICT FOR THE PURPOSE OF FINANCING THE COSTS OF ANY PUBLIC IMPROVEMENTS, FACILIT I ES, SYSTEMS, OR PROJECTS WHICH THE DISTRICT MAY LAWFULLY PROVIDE, WHICH AGREEMENTS MAY CONSTITUTE DEBT OR INDEBTEDNESS AND MULTIPLE-FISCAL YEAR OBLIGATIONS OF THE DISTRICT TO THE EXTENT PROVIDED THEREIN AND OTHERWISE AUTHORIZED BY LAW, AND IN {00416752.DOC /} • CONNECTION THEREWITH SHALL THE DISTRICT BE AUTHORIZED TO AGREE TO PAY SPECIE' (-D REVENUES. OF THE DISTRICT TO THE DEVELOPERS, TO MAKE COVENANTS REGARDING THE REVENUES OF THE DISTRICT, AND TO MAKE COVENANTS, REPRESENTATIONS, AND WARRANT I FS AS TO OTHER MATTERS ARISING UNDER THE AGREEMENTS, ALL AS MAY BE DETERMINED BY THE BOARD OF DIRECTORS OF THE DISTRICT? YES: NO: Two (2) Zero (0) ITAYMEADOW METROPOLITAN DISTRICT NO. 2 BALLOT ISSUE P: (Mortgage of Property) SHALL HAYMEADOW METROPOLITANDISTRICT NO. 2 BE AUTHORIZED TO ISSUE, CREATE, EXECUTE, AND DELIVER MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, WHETHER NOW OWNED OR HEREAFTER ACQUIRED, AND INCLUDING WITHOUT LIMITATION WATER AND WATER RIGHTS, SUCH ENCUMBRANCES OF' THE DISTRICT AND OF HAYMEADOW METROPOLITAN DISTRICT NOS. 1 AND 3 TO 6 TO BE IN THE AGGREGATE PRINCIPAL AMOUNT NOT TO EXCEED $35,000,000, PLUS INTEREST THEREON AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% • PER ANNUM, ALL AS MAY BE DETERMINED BY THE BOARD OF DIRECTORS TO BE NECESSARY OR APPROPRIATE IN CONNECTION WITH THE ISSUANCE OF BONDS, NOTES, CONTRACTS, OR OTHER FINANCIAL OBLIGATIONS OF THE DISTRICT; SUCH ENCUMBRANCES TO BE CREATED FOR THE PURPOSE OF PROVIDING ADDITIONAL SECURITY FOR DISTRICT FINANCIAL OBLIGATIONS, AND TO BE CREATED AT ONE TIME OR FROM TIME TO TIME; SUCH MORTGAGES, DEEDS OF TRUST, LIENS, OR OTHER ENCUMBRANCES TO ENTITLE THE OWNER OR BENEFICIARY THEREOF TO FORECLOSE UPON AND TAKE TITLE TO AND POSSESSION OF THE DISTRICT PROPERTY SO ENCUMBERED, AND IN CONNECTION THEREWITH SHALL THE DISTRICT BE AUTHORIZED TO MAKE SUCH COVENANTS REGARDING THE USE OF THE ENCUMBERED PROPERTY AND OTHER MATTERS ARISING UNDER THE ENCUMBRANCE, ALL AS MAY BE DETERMINED BY THE BOARD OF DIRECTORS OF THE DISTRICT? YES: Two (2) NO: Zero (0 {00416752.DOC YES: NO: CERTIFIED this 5th day of Novembe ed El ction Official Canv Canvasser Des' Two (2) Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 1 BALLOT QUESTION 0 (Transportation Services) Shall the Haymeadow Metropolitan District No. 1 be authorized to provide transportation services and exercise the power to establish, maintain, and operate a system to transport the public by bus, rail, or any other means of convenience, or any combination thereof; within and without the District boundaries, but only within Eagle County, Colorado, within which the District is located? YES: NO: Two (2) Zero (0) HAYMEADOW-METROPOLIT-AN-DISTRICT-Na.--1-BALLOT- QUESTION-R. (Waiver of Teim Limits) • Shall the limitations on. terms of office of elected members of the Board of Directors of the Haymeadow Metropolitan District No. 1 be eliminated pursuant to Article XVIII, Section 11(2) of the Colorado Constitution? Contact Person for District: Business Address: Telephone Number: David A. Greher Collins Cockrel & Cole 390 Union Boulevard, Suite 400 Denver, Colorado 80228 (303) 986-1551 {00416722.DOC /} EXHIBIT A (Attach Judges' Certificate of Election Returns) {00416752.D0C I) JUDGES' CERTIFICATE OF MAIL BALLOT ELECTION RETURNS AND STATEMENT OF BALLOTS FOR HAYMEADOW METROPOLITAN DISTRICT NO.2 IT IS HEREBY CERTIFIED by the undersigned, who conducted the mail ballot election held in the Haymeadow Metropolitan District No. 2, in Eagle County, Colorado, on the 4th day of November, 2014, that after qualifying by swearing and subscribing to their Oaths of Office, they opened the polls at 7:00 a.m., and that they kept the polls open continuously until the hour of 7:00 p.m. on such date, after which they counted the ballots cast for Directors of the District and for the ballot issues and ballot questions submitted in accordance with the Colorado Local Government Election Code. That the votes cast for Director of the District to act until the first regular election in May, 2016: CANDIDATE FOR DIRECTOR There were no candidates That the votes cast for Director of the District to act until the second regular election in May, 2018: CANDIDATE FOR DIRECTOR NUMBER OF VOTES CAST Jens M. Werner Two (2) Richard Pylman Two (2) That the votes cast for and against the ballot questions and ballot issues submitted were as follows: HAYMEADOW METROPOLITAN DISTRICT NO.2 BALLOT QUESTION A: Shall Haymeadow Metropolitan District No. 2 be organized? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO.2 BALLOT ISSUE B: SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 2 TAXES BE INCREASED $50,000 ANNUALLY (FIRST FULL FISCAL YEAR INCREASE) AND BY SUCH OTHER AMOUNTS COLLECTED IN EACH YEAR THEREAFTER FROM A MILL LEVY IMPOSED AT A RATE NOT TO EXCEED 50.000 MILLS (WITH THE ACTUAL MILL • LEVY RATE FOR ANY FISCAL YEAR TO BE ADJUSTED DOWNWARDS OR UPWARDS BY THE BOARD OF DIRECTORS IN ITS DISCRETION) TO PAY THE DISTRICT'S ADMINISTRATION, OPERATIONS, MAINTENANCE, CAPITAL IMPROVEMENT AND OTHER EXPENSES WITHOUT LIMITATION; PROVIDED THAT SUCH MILL LEVY MAY BE ADJUSTED (A) TO ACCOUNT FOR CHANGES IN THE LAW OR THE METHOD BY WHICH ASSESSED VALUATION IS CALCULATED, INCLUDING A CHANGE IN THE PERCENTAGE OF ACTUAL VALUATION USED TO DETERMINE ASSESSED VALUATION, (B) TO OFFSET ANY PROPERTY TAX CUT OR LIMIT WHICH IS MANDATED BY ARTICLE X, SECTION 20 OR OTHER PROVISIONS OF THE COLORADO CONSTITUTION, AS IT CURRENTLY EXISTS OR AS IT MAY BE AMENDED, AND (C) TO OFFSET REFUNDS AND ABATEMENTS; AND SHALL THE PROCEEDS OF SUCH TAXES AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION, SECTION 29-1-301, C.R.S., OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: NO: Two (2) Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 2 BALLOT ISSUE C: (Debt for Parks and Recreation) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 2 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 2 TAXES BE INCREASED $41,300,000 ANNUALLY,. OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, Li FNS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING PARKS AND RECREATION IMPROVEMENTS AND PROGRAMS AS AUTHORIZED BY LAW, INCLUDING WITHOUT LIMITATION PARKS, TRAILS, PATHS AND OPEN SPACE, TOGETHER WITH ALL NECESSARY, INCIDENTAL AND APPURTENANT FACILITIES, LAND AND EASEMENTS, AND ALL EXTENSIONS OF AND IMPROVEMENTS TO SUCH FACILITIES WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF -RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 2 BALLOT ISSUE D: (Debt for Drainage) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 2 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 2 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING A STORMWATER MANAGEMENT SYSTEM, INCLUDING WITHOUT LIMITATION STORMWATER, SEWER, FLOOD AND SURFACE DRAINAGE FACILITIES AND SYSTEMS, DETENTION/RETENTION PONDS AND ASSOCIATED DRAINAGE FACILITIES, TOGETHER WITH ALL NECESSARY, INCIDENTAL AND APPURTENANT FACILITIES, LAND AND EASEMENTS, AND ALL EXTENSIONS OF AND IMPROVEMENTS TO SUCH FACILITIES WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID PROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING • -T--• FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO.2 BALLOT ISSUE E: (Debt for Street Improvements) SHALL HAYMEADOW METROPOLITAN DISTRICT NO.2 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO.2 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING STREET, ROADWAY AND RELATED LANDSCAPING IMPROVEMENTS, INCLUDING CURBS, GUTTERS, CULVERTS, AND OTHER DRAINAGE FACILIT i HS, PEDESTRIAN WAYS, BRIDGES, ALLEYS, PARKING FACILITIES, PAVING, LIGHTING, GRADING, LANDSCAPING, IRRIGATION, AND STRUCTURES; AND STREET-RELATED ELECTRIC, TELEPHONE, AND GAS; TOGETHER WITH ALL NECESSARY, INCIDENTAL, AND APPURTENANT FACILITIES, LAND AND EASEMENTS, AND ALL EXTENSIONS OF AND IMPROVEMENTS TO SAID FACILITIES WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR' WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: NO: Two (2) Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO.2 BALLOT ISSUE F: (Debt for Water) SHALL HAYMEADOW METROPOLITAN DISTRICT NO.2 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO.2 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST,' LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING COMPLETE POTABLE WATER SYSTEM AND A COMPLETE NONPOTABLE IRRIGATION WATER SYSTEM, INCLUDING BUT NOT LIMITED TO, WATER RIGHTS, WATER SUPPLY, TREATMENT, STORAGE, TRANSMISSION AND DISTRIBUTION SYSTEMS FOR PUBLIC OR PRIVATE PURPOSES, TOGETHER WITH ALL NECESSARY AND PROPER RESERVOIRS, TREATMENT WORKS AND FACILITIES, WELLS, WATER RIGHTS, EQUIPMENT AND APPURTENANCES INCIDENT THERETO WHICH MAY INCLUDE, BUT SHALL NOT BE LIMITED TO, TRANSMISSION LINES, DISTRIBUTION MAINS AND LATERALS, STORAGE FACILITIES, LAND AND EASEMENTS, TOGETHER WITH EXTENSIONS OF AND IMPROVEMENTS TO SAID FACILITIES OR SYSTEMS WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD,. SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: NO: HAYMEADOW METROPOLITAN DISTRICT NO.2 BALLOT ISSUE G: (Debt for Sewer) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 2 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO.2 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LI ENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING SANITARY SEWERS, WASTEWATER TREATMENT AND DISPOSAL WORKS AND FACILITIES, WATER QUALITY FACILITIES, EQUIPMENT AND APPURTENANCES INCIDENT THERETO, TOGETHER: WITH ALL NECESSARY, INCIDENTAL AND APPURTENANT FACILITIES, LAND AND EASEMENTS, AND ALL NECESSARY EXTENSIONS OF AND IMPROVEMENTS TO SAID FACILITIES OR SYSTEMS WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET Two (2) Zero (0) • EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH:INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: NO: Two (2) Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO.2 BALLOT ISSUE H: (Debt for Transportation) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 2 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO.2 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING A SYSTEM TO TRANSPORT THE PUBLIC BY BUS, RAIL, OR ANY OTHER MEANS OF CONVEYANCE, OR ANY COMBINATION THEREOF, TOGETHER WITH ALL NECESSARY, INCIDENTAL AND APPURTENANT FACILITIES, LAND AND EASEMENTS, AND ALL EXTENSIONS OF AND IMPROVEMENTS TO SUCH FACILITIES WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: NO: Two (2) • Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO-2 BALLOT ISSUE I: (Debt for Traffic and Safety Controls) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 2 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 2 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING TRAFFIC AND SAFETY CONTROLS AND DEVICES ON STREETS AND HIGHWAYS AND AT RAILROAD CROSSINGS, TOGETHER WITH ALL NECESSARY, INCIDENTAL AND APPURTENANT FACILITIES, LAND AND EASEMENTS, AND ALL EXTENSIONS OF AND IMPROVEMENTS TO SUCH FACILITIES WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE ArsucH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION ORANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO.2 BALLOT ISSUE J: (Debt for Mosquito Control) SHALL HAYMEADOW METROPOLITAN DISTRICT NO.2 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO.2 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL .AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING IMPROVEMENTS TO PROVIDE FOR THE ELIMINATION AND CONTROL OF MOSQUITOES, TOGETHER WITH ALL NECESSARY, INCIDENTAL AND APPURTENANT FACILITIES, LAND AND EASEMENTS, AND ALL EXTENSIONS OF AND IMPROVEMENTS TO SUCH FACILIT I HS WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND -PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT -BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFIC1T TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE' COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: NO: Two (2) Zero (0) IlAYIVIEADOW METROPOLITAN DISTRICT NO. 2 BALLOT ISSUE K: (Debt for Fire Protection) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 2 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 2 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING FIRE PROTECTION, TOGETHER WITH ALL NECESSARY, INCIDENTAL AND APPURTENANT FACILITIES, LAND AND EASEMENTS, AND ALL EXTENSIONS OF AND IMPROVEMENTS TO SUCH FACILITIES WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF. THE DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO.2 BALLOT ISSUE L: (Debt for Refunding) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 2 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO.2 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF REFUNDING, PAYING, OR DEFEASING, IN WHOLE OR IN PART, BONDS, NOTES, OR OTHER FINANCIAL OBLIGATIONS OF THE DISTRICT; SUCH DEBT TO BEAR INTEREST AT A RATE TO BE DETERMINED BY THE DISTRICT BOARD, WHICH INTEREST RATE. MAY BE HIGHER THAN THE INTEREST RATE BORNE BY THE OBLIGATIONS BEING REFUNDED BUT IN NO EVENT SHALL THE NET EFFECTIVE INTEREST RATE EXCEED 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; THE PRINCIPAL AMOUNT OF SUCH DEBT, TOGETHER WITH ALL OTHER DEBT OF THE DISTRICT AUTHORIZED BY ANY OTHER BALLOT QUESTION AND ALL DEBT ISSUED BY HAYMEADOW METROPOLITAN DISTRICT NOS. 1 AND 3 TO 6, NOT TO EXCEED AN AGGREGATE OF $35,000,000; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING WITHOUT LIMITATION FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE. USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: NO: Two (2) Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 2 BALLOT ISSUE M: (Intergovernmental Agreements with the State or Political Subdivisions) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 2 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 2 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT AND MULTIPLE-FISCAL YEAR OBLIGATIONS; SUCH DEBT AND OBLIGATIONS TO CONSIST OF ONE OR MORE INTERGOVERNMENTAL AGREEMENTS WITH THE STATE OR ANY POLITICAL SUBDIVISION OF THE STATE, INCLUDING THE TOWN OF EAGLE, COLORADO, AND HAYMEADOW METROPOLITAN DISTRICT NOS. 1 AND 3 TO 6, FOR THE PURPOSE OF JOINTLY FINANCING THE COSTS OF ANY PUBLIC IMPROVEMENTS, FACILID ES, SYSTEMS, PROGRAMS, OR PROJECTS WHICH THE DISTRICT MAY LAWFULLY PROVIDE, OR FOR THE PURPOSE OF PROVIDING FOR THE OPERATIONS AND MAINTENANCE OF THE DISTRICT AND ITS FACILITIES AND PROPERTIES; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM THE DISTRICT'S OPERATING MILL LEVY IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY FOR THE PURPOSES SPECIFIED ABOVE; AND IN CONNECTION THEREWITH SHALL THE DISTRICT BE AUTHORIZED TO MAKE COVENANTS REGARDING THE ESTABLISHMENT AND USE OF AD VALOREM TAXES, RATES, FEES, TOLLS, PENALTIES, AND OTHER CHARGES OR REVENUES OF THE DISTRICT, AND COVENANTS, REPRESENTATIONS, AND WARRANTIES AS TO OTHER MATTERS ARISING UNDER THE AGREEMENTS, ALL AS MAY BE DETERMINED BY THE BOARD OF DIRECTORS OF THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 2 BALLOT ISSUE N: (TABOR Exemption for Revenue) SHALL HAYMEADOW METROPOLITAN DISTRICT NO.2 BE AUTHORIZED TO COLLECT, RETAIN, AND SPEND ANY AND ALL AMOUNTS ANNUALLY FROM ANY REVENUE SOURCES WHATSOEVER (INCLUDING WITHOUT LIMITATION ANY REVENUES FROM AD VALOREM PROPERTY TAXES, TAXES, SPECIFIC OWNERSHIP TAXES, FEES, RATES, TOLLS, PENALTIES, OR CHARGES, STATE, FEDERAL AND PRIVATE GRANTS AND GIFTS, OR ANY OTHER SOURCE); AND SHALL SUCH REVENUES BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER AS A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: NO: One (1) Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO.2 BALLOT ISSUE 0: (Developer Agreements) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 2 BE AUTHORIZED TO ENTER INTO AGREEMENTS WITH ANY DEVELOPER OF PROPERTY IN THE DISTRICT FOR THE PURPOSE OF FINANCING THE COSTS OF ANY PUBLIC IMPROVEMENTS, FACILITIES, SYSTEMS, OR PROJECTS WHICH THE DISTRICT MAY LAWFULLY PROVIDE, WHICH AGREEMENTS MAY CONSTITUTE DEBT OR INDEBTEDNESS AND MULTIPLE-FISCAL YEAR OBLIGATIONS OF THE DISTRICT TO THE EXTENT PROVIDED THEREIN AND OTHERWISE AUTHORIZED BY LAW, AND IN CONNECTION THEREWITH SHALL THE DISTRICT BE AUTHORIZED TO AGREE TO PAY SPECIFIRD REVENUES OF THE DISTRICT TO THE DEVELOPERS, TO MAKE COVENANTS REGARDING THE REVENUES OF THE DISTRICT, AND TO MAKE COVENANTS, REPRESENTATIONS, AND WARRANTIES AS TO OTHER MATTERS ARISING UNDER THE AGREEMENTS, ALL AS MAY BE DETERMINED BY THE . BOARD OF DIRECTORS OF THE DISTRICT? YES: NO: Two (2) Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO.2 BALLOT ISSUE P: (Mortgage of Property) SHALL HAYMEADOW METROPOLITAN DISTRICT NO.2 BE AUTHORIZED TO ISSUE, CREATE, EXECUTE, AND DELIVER MORTGAGES, DEEDS OF TRUST, LI I-NS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, • WHETHER NOW OWNED OR HEREAFTER ACQUIRED, AND INCLUDING WITHOUT LIMITATION WATER AND WATER RIGHTS, SUCH ENCUMBRANCES OF THE DISTRICT AND OF HAYMEADOW METROPOLITAN DISTRICT NOS. 1 AND 3 TO 6 TO BE IN THE AGGREGATE PRINCIPAL AMOUNT NOT TO EXCEED $35,000,000, PLUS INTEREST THEREON AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, ALL AS MAY BE DETERMINED BY THE BOARD OF DIRECTORS TO BE NECESSARY OR APPROPRIATE IN CONNECTION WITH THE ISSUANCE OF BONDS, NOTES, CONTRACTS, OR OTHER FINANCIAL OBLIGATIONS OF THE DISTRICT; SUCH ENCUMBRANCES TO BE CREATED FOR THE PURPOSE OF PROVIDING ADDITIONAL SECURITY FOR DISTRICT FINANCIAL OBLIGATIONS, AND TO BE CREATED AT ONE TIME OR FROM TIME TO TIME; SUCH MORTGAGES, DEEDS OF TRUST, LIENS, OR OTHER ENCUMBRANCES TO ENTITLE THE OWNER OR BENEFICIARY THEREOF TO FORECLOSE UPON AND TAKE TITLE TO AND POSSESSION OF THE DISTRICT PROPERTY SO ENCUMBERED, AND IN CONNECTION THEREWITH SHALL THE DISTRICT BE AUTHORIZED TO MAKE SUCH COVENANTS REGARDING THE USE OF THE ENCUMBERED PROPERTY AND OTHER MATTERS ARISING UNDER THE ENCUMBRANCE, ALL AS MAY BE DETERMINED BY THE BOARD OF DIRECTORS OF THE DISTRICT? YES: NO: Two (2) Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO.2 BALLOT QUESTION Q (Transportation Services) Shall the Haymeadow Metropolitan District No. 2 be authorized to provide transportation services and exercise the power to establish, maintain, and operate a system to transport the public by bus, rail, or any other means of convenience, or any combination thereof, within and without the District boundaries, but only within Eagle County, Colorado, within which the District is located? YES: Two (2) NO: Zero (0) HAYIVIEADOW METROPOLITAN DISTRICT NO. 2 BALLOT QUESTION R (Waiver of Term Limits) Shall the limitations on teaus of.office of elected members of the Board of Directors of the Haymeadow Metropolitan District No. 2 be eliminated pursuant to Article XVIII, Section 11(2) of the Colorado Constitution? YES: Two (2) NO: Zero (0) It is hereby identified and specified that: Total Number of Ballots Delivered to Electors (including UOCAVA ballots): Total Number of Ballots Voted (including UOCAVA ballots): Number of Ballots Returned Undelivered: Number of Spoiled Ballots (Replacement Ballot issued): Number of Rejected Ballots: Number of Defective Ballots: Number of Substitute Ballots Voted:' Number of Unofficial Ballots Voted: Total Number of Ballots Returned to Designated Election Official (including UOCAVA ballots): Certified this 4th day of November, 2014. Three (3) Two (2) Zero (0) One (1) Zero' (0) Zero (0) Zero (0) Zero (0) Two (2) CANVASS BOARD'S CERTIFICATE OF DETERMINATION OF OFFICIAL ELECTION RESULTS FORTH F. SPECIAL ORGANIZATION ELECTION YIELD NOVEMBER 4, 2014 FOR THE HAYMEADOW METROPOLITAN DISTRICT NO.3 Each of the undersigned members of the Canvass Board of the Haymeadow Metropolitan District No. 3 ("District") certifies that the following is a true and correct determination of the official election results of the special organization election of the District, at which time the eligible electors of the District voted as indicated on the attached Judges' Certificate of Election Returns, and as a result of which the eligible electors elected to office the following Directors: Jens M. Werner Term to May, 2018 P.O. Box 2964 Avon, Colorado 81620 Richard J. Pylman Term to May, 2018 P.O. Box 1195 . • Edwards, Colorado 81632 Vacancy Term to May, 2018 Vacancy Term to May, 2016 Vacancy Term to May, 2016 The votes cast for and against each ballot issue and ballot question submitted were as follows: HAYMEADOW METROPOLITAN DISTRICT NO.3 BALLOT QUESTION A: Shall Haymeadow Metropolitan District No 3 be organized? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO.3 BALLOT ISSUE B: SHALL HAYMEADOW METROPOLITAN DISTRICT NO 3 TAXES BE INCREASED $50,000 ANNUALLY (FIRST FULL FISCAL YEAR INCREASE) AND BY SUCH OTHER AMOUNTS COLLECTED IN EACH YEAR THEREAFTER FROM A MILL LEVY IMPOSED AT A RATE NOT TO EXCEED 50.000 MILLS (WITH THE ACTUAL MILL LEVY RATE FOR ANY FISCAL YEAR TO BE ADJUSTED DOWNWARDS OR UPWARDS BY THE BOARD OF DIRECTORS IN ITS DISCRETION) TO PAY THE DISTRICT'S ADMINISTRATION, OPERATIONS, MAINTENANCE, CAPITAL IMPROVEMENT AND OTHER EXPENSES WITHOUT LIMITATION; PROVIDED THAT SUCH MILL LEVY MAY BE ADJUSTED (A) TO ACCOUNT FOR CHANGES IN THE LAW OR THE METHOD BY WHICH ASSESSED VALUATION IS CALCULATED, INCLUDING A {00416758.DOC I} . CHANGE IN THE PERCENTAGE OF ACTUAL VALUATION USED TO DETERMINE ASSESSED VALUATION, (B) TO OFFSET ANY PROPERTY TAX CUT OR LIMIT WHICH IS MANDATED BY ARTICLE X, SECTION 20 OR OTHER PROVISIONS OF THE COLORADO CONSTITUTION, AS IT CURRENTLY EXISTS OR AS IT MAY BE AMENDED, AND (C) TO OFFSET REFUNDS AND ABATEMENTS; AND SHALL THE PROCEEDS OF SUCH TAXES AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION, SECTION 29-1-301, C.R.S., OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 3 BALLOT ISSUE C: (Debt for Parks and Recreation) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 3 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 3 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LI F.NS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING PARKS AND RECREATION IMPROVEMENTS AND PROGRAMS AS AUTHORIZED BY LAW, INCLUDING WITHOUT LIMITATION PARKS, TRAILS, PATHS AND OPEN SPACE, TOGETHER WITH ALL NECESSARY, INCIDENTAL AND APPURTENANT .FACILIT hS, LAND AND EASEMENTS, AND ALL EXTENSIONS OF AND IMPROVEMENTS TO SUCH FACILITIES WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS {00416758.DOC MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFEICI I-4NT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE-NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 3 BALLOT ISSUE D: (Debt for Drainage) SHALL HAYMEADOW METROPOLITAN DISTRICT NO..3 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 3 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LI HNS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING A STORMWATER MANAGEMENT SYSTEM, INCLUDING WITHOUT LIMITATION STORMWATER, SEWER, FLOOD AND SURFACE DRAINAGE FACILITIES AND SYSTEMS, DETENTION/RETENTION PONDS AND ASSOCIATED DRAINAGE FACILITIES, TOGETHER WITH ALL NECESSARY, INCIDENTAL AND APPURTENANT FACILIT1HS, LAND AND EASEMENTS, AND ALL EXTENSIONS OF AND IMPROVEMENTS TO SUCH FACILITIES WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON. SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE (00416758.DOC I) PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICI HNT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 3 BALLOT ISSUE E: (Debt for Street Improvements) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 3 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 3 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LI NNS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANaING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING STREET, ROADWAY AND RELATED LANDSCAPING IMPROVEMENTS, INCLUDING CURBS, GUTTERS, CULVERTS, AND OTHER DRAINAGE FACILITIES, PEDESTRIAN WAYS, BRIDGES, ALLEYS, PARKING FACILITI F:S, PAVING, LIGHTING, GRADING, LANDSCAPING, IRRIGATION, AND STRUCTURES; AND STREET-RELATED ELECTRIC, TELEPHONE, AND GAS; TOGETHER WITH ALL NECESSARY, INCIDENTAL, AND APPURTENANT FACILITIES, LAND AND EASEMENTS, AND ALL EXTENSIONS OF AND IMPROVEMENTS TO SAID FACILITIES WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND {00416758.DOC CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF TIE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 3 BALLOT ISSUE F: (Debt for Water) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 3 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 3 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING COMPLETE POTABLE WATER SYSTEM AND A COMPLETE NONPOTABLE IRRIGATION WATER SYSTEM, INCLUDING BUT NOT LIMITED TO, WATER RIGHTS, WATER SUPPLY, TREATMENT, STORAGE, TRANSMISSION AND DISTRIBUTION SYSTEMS FOR PUBLIC OR PRIVATE PURPOSES, TOGETHER WITH ALL NECESSARY AND PROPER RESERVOIRS, TREATMENT WORKS AND FACILITIES, WELLS, WATER RIGHTS, EQUIPMENT AND APPURTENANCES INCIDENT THERETO WHICH MAY INCLUDE, BUT SHALL NOT BE LIMITED TO, TRANSMISSION LINES, DISTRIBUTION MAINS AND LATERALS, STORAGE FACILIT KS, LAND AND EASEMENTS, TOGETHER WITH EXTENSIONS OF AND IMPROVEMENTS TO SAID FACILIT 114,S OR SYSTEMS WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR {00416758.DOC INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OFI8%PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL LEVY B/POSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO.3 BALLOT ISSUE G: (Debt for Sewer) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 3 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO.3 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING SANITARY SEWERS, WASTEWATER TREATMENT AND DISPOSAL WORKS AND FACILIT I WATER QUALITY FACILITIES, EQUIPMENT AND APPURTENANCES INCIDENT THERETO, TOGETHER WITH ALL NECESSARY, INCIDENTAL AND APPURTENANT FACILITIES, LAND AND EASEMENTS, AND ALL NECESSARY EXTENSIONS OF AND {00416758.DOC IMPROVEMENTS TO SAID FACILIT I HS OR:SYSTEMS WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO.3 BALLOT ISSUE H: (Debt for Transportation) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 3 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO.3 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING A SYSTEM TO TRANSPORT THE PUBLIC BY BUS, RAIL, OR ANY OTHER MEANS OF CONVEYANCE, OR ANY COMBINATION THEREOF, TOGETHER WITH ALL NECESSARY, INCIDENTAL AND APPURTENANT FACILITTES, LAND AND {00416758.DOC EASEMENTS, AND ALL EXTENSIONS OF AND IMPROVEMENTS TO SUCH FACILITY KS WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERIVIINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 3 BALLOT ISSUE I: (Debt for Traffic and Safety Controls) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 3 DEBT BE INCREASED $35,000,000, WITH A TOTAL. REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 3 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING TRAFFIC AND SAFETY CONTROLS AND DEVICES ON STREETS AND HIGHWAYS AND AT RAILROAD CROSSINGS, TOGETHER WITH ALL NECESSARY, INCIDENTAL AND (00416758.DOC /} APPURTENANT FACILIT I FS, LAND AND EASEMENTS, AND ALL EXTENSIONS OF AND IMPROVEMENTS TO SUCH FACILITIES WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO.3 BALLOT ISSUE J: (Debt for Mosquito Control) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 3 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO.3 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING IMPROVEMENTS TO PROVIDE FOR THE ELIMINATION AND CONTROL OF MOSQUITOES, TOGETHER WITH ALL NECESSARY, INCIDENTAL AND (00416758.DOC APPURTENANT FACILITIES, LAND AND EASEMENTS, AND ALL EXTENSIONS OF AND IMPROVEMENTS TO SUCH FACILITI ES WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 3 BALLOT ISSUE K: (Debt for Fire Protection) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 3 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 3 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING FIRE PROTECTION, TOGETHER WITH ALL NECESSARY, INCIDENTAL AND APPURTENANT FACILITIES, LAND AND EASEMENTS, AND ALL EXTENSIONS OF {00416758.DOC ANDAMPROVEMENTS TO SUCH FACILIT I HS WITHIN- AND WITHOUT THE-. • BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING "REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: Two (2) Zero (0) NO: HAYMEADOW METROPOLITAN DISTRICT NO.3 BALLOT ISSUE L: (Debt for Refunding) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 3 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO.3 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF REFUNDING, PAYING, OR DEFEASING, IN WHOLE OR IN PART, BONDS, NOTES, OR OTHER FINANCIAL OBLIGATIONS OF THE DISTRICT; SUCH DEBT TO BEAR INTEREST AT A RATE TO BE DETERMINED BY THE DISTRICT BOARD, WHICH INTEREST RATE MAY BE HIGHER THAN THE INTEREST RATE BORNE BY THE OBLIGATIONS BEING REFUNDED BUT IN NO EVENT SHALL THE NET EFFECTIVE INTEREST RATE EXCEED 18% PER ANNUM, {00416758.DOC SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; THE PRINCIPAL AMOUNT OF SUCH DEBT, TOGETHER WITH ALL OTHER DEBT OF THE DISTRICT AUTHORIZED BY ANY OTHER BALLOT QUESTION AND ALL DEBT ISSUED BY HAYMEADOW METROPOLITAN DISTRICT NOS. 1, 2 AND 4 TO 6, NOT TO EXCEED AN AGGREGATE OF $35,000,000; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING WITHOUT LIMITATION FROM A MILL LEVY IMPOSED. WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF .SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: Two (2) NO: Zero (0) IlAYIVIEADOW METROPOLITAN DISTRICT NO. 3 BALLOT ISSUE M: (Intergovernmental Agreements with the State or Political Subdivisions) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 3 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 3 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT AND MULTIPLE-FISCAL YEAR OBLIGATIONS; SUCH DEBT AND OBLIGATIONS TO CONSIST OF ONE OR MORE INTERGOVERNMENTAL AGREEMENTS WITH THE STATE OR ANY POLITICAL SUBDIVISION OF THE STATE, INCLUDING THE TOWN OF EAGLE, COLORADO, AND HAYMEADOW METROPOLITAN DISTRICT NOS. 1, 2 AND 4 TO 6, FOR THE PURPOSE OF JOINTLY FINANCING THE COSTS OF ANY PUBLIC IMPROVEMENTS, FACILITIES, SYSTEMS, PROGRAMS, OR PROJECTS WHICH THE DISTRICT MAY LAWFULLY PROVIDE, OR FOR THE PURPOSE OF PROVIDING FOR THE OPERATIONS AND MAINTENANCE OF THE DISTRICT AND ITS FACILITIES AND PROPERTIES; SUCH DEBT TO BE PAID {00416758.DOC I} FROM ANY LEGALLY AVATT ABLE MONEYS OF THE DISTRICT, INCLUDING FROM THE DISTRICT'S OPERATING MILL LEVY IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY FOR THE PURPOSES SPECIFIED ABOVE; AND IN CONNECTION THEREWITH SHALL THE DISTRICT BE AUTHORIZED TO MAKE COVENANTS REGARDING THE ESTABLISHMENT AND USE OF AD VALOREM TAXES, RATES, FEES, TOLLS, PENALTIES, AND OTHER CHARGES OR REVENUES OF THE DISTRICT, AND COVENANTS, REPRESENTATIONS, AND WARRANT! HS AS TO OTHER MATTERS ARISING UNDER THE AGREEMENTS, ALL AS MAY BE DETERMINED BY. THE BOARD OF DIRECTORS OF THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO.3 BALLOT ISSUE N: (TABOR Exemption for Revenue) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 3 BE AUTHORIZED TO COLLECT, RETAIN, AND SPEND ANY AND ALL AMOUNTS ANNUALLY FROM ANY REVENUE SOURCES WHATSOEVER (INCLUDING WITHOUT LIMITATION ANY REVENUES FROM AD VALOREM PROPERTY TAXES, TAXES, SPECIFIC OWNERSHIP TAXES, FEES, RATES, TOLLS, PENALTIES, OR CHARGES, STATE, FEDERAL AND PRIVATE GRANTS AND GIFTS, OR ANY OTHER SOURCE); AND SHALL SUCH REVENUES BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER AS A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO.3 BALLOT ISSUE 0: (Developer Agreements) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 3 BE AUTHORIZED TO ENTER INTO AGREEMENTS WITH ANY DEVELOPER OF PROPERTY IN THE DISTRICT FOR THE PURPOSE OF FINANCING THE COSTS OF ANY PUBLIC IMPROVEMENTS, FACILIT I ES, SYSTEMS, OR PROJECTS WHICH THE DISTRICT MAY LAWFULLY PROVIDE, WHICH AGREEMENTS MAY CONSTITUTE DEBT OR INDEBTEDNESS AND MULTIPLE-FISCAL YEAR OBLIGATIONS OF THE DISTRICT TO THE EXTENT PROVIDED THEREIN AND OTHERWISE AUTHORIZED BY LAW, AND IN CONNECTION THEREWITH SHALL THE DISTRICT BE AUTHORIZED TO AGREE TO PAY SPECIF I REVENUES OF THE DISTRICT TO THE DEVELOPERS, TO MAKE f 00416758.DOC COVENANTS REGARDING THE REVENUES OF THE DISTRICT; AND TO MADE COVENANTS, REPRESENTATIONS, AND WARRANTIES AS TO OTHER MATTERS ARISING UNDER THE AGREEMENTS, ALL AS MAY BE DETERMINED BY THE BOARD OF DIRECTORS OF THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO.3 BALLOT ISSUE P: (Mortgage of Property) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 3 BE AUTHORIZED TO ISSUE, CREATE, EXECUTE, AND DELIVER MORTGAGES, DEEDS OF TRUST, LI KNS, AND . OTHER. ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, . WHETHER NOW OWNED OR HEREAFTER ACQUIRED, AND INCLUDING WITHOUT LIMITATION WATER AND WATER RIGHTS, SUCH ENCUMBRANCES OF THE DISTRICT AND OF. HAYMEADOW METROPOLITAN DISTRICT NOS. 1, 2 AND 4 TO 6 TO BE IN THE AGGREGATE PRINCIPAL AMOUNT NOT TO EXCEED $35,000,000, PLUS INTEREST THEREON AT A NET EFFECTIVEINTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, ALL AS MAY BE DETERMINED BY THE BOARD OF DIRECTORS TO BE NECESSARY OR APPROPRIATE IN CONNECTION WITH THE ISSUANCE OF BONDS, NOTES, CONTRACTS, OR OTHER FINANCIAL OBLIGATIONS OF THE DISTRICT; SUCH ENCUMBRANCES TO BE CREATED FOR THE PURPOSE OF PROVIDING ADDITIONAL SECURITY FOR DISTRICT FINANCIAL OBLIGATIONS, AND TO BE CREATED AT ONE TIME OR FROM TIME TO TIME; SUCH MORTGAGES, DEEDS OF TRUST, LIENS, OR OTHER ENCUMBRANCES TO ENTITLE THE OWNER OR BENEFICIARY THEREOF. TO FORECLOSE UPON AND TAKE TITLE TO AND POSSESSION OF THE DISTRICT PROPERTY SO ENCUMBERED, AND IN CONNECTION THEREWITH SHALL THE DISTRICT BE AUTHORIZED TO MAKE SUCH COVENANTS REGARDING THE USE OF THE ENCUMBERED PROPERTY AND OTHER MATTERS ARISING UNDER THE ENCUMBRANCE, ALL AS MAY BE DETERMINED BY THE BOARD OF DIRECTORS OF THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO.3 BALLOT QUESTION Q (Transportation Services) Shall the Haymeadow Metropolitan District No. 3 be authorized to provide transportation services and exercise the power to establish, maintain, and operate a system to transport the f00416758.DOC /). YES: NO: CERTFF t1-0 this 5th day of Novembe Canvasser Two (2) Zero (0) public by bus, rail, or any other means of convenience, or any coinbination thereof, within and without the District boundaries, but only within Eagle County, Colorado, within which the District is located? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 3 BALLOT QUESTION R (Waiver of Term Limits) Shall the limitations on terms of office of elected members of the Board of Directors of the Haymeadow Metropolitan District No. 3 be eliminated pursuant to Article XVIII, Section 11(2) of the Colorado Constitution? Contact Person for District: David A. Greher Collins Cockrel & Cole Business Address: 390 Union Boulevard, Suite 400 Denver, Colorado 80228 Telephone Number: (303) 986-1551 {00416758.DOC I) EXHIBIT A (Attach Judges' Certificate of Election Returns) (00416758.DOC JUDGES' CERTIFICATE OF MAIL BALLOT ELECTION RETURNS AND STATEMENT OF BALLOTS FOR HAYMEADOW METROPOLITAN DISTRICT NO. 3 IT IS HEREBY CERTIF I HD by the undersigned, who conducted the mail ballot election held in the Haymeadow Metropolitan District No. 3, in Eagle County, Colorado, on the 4th day of November, 2014, that after qualifying by swearing and subscribing to their Oaths of Office, they opened the polls at 7:00 a.m., and that they kept the polls open continuously until the hour of 7:00 p.m. on such date, after which they counted the ballots cast for Directors of the District and for the ballot issues and ballot questions submitted in accordance with the Colorado Local Government Election Code. That the votes cast for Director of the District to act until the first regular election in May, 2016: CANDIDATE FOR DIRECTOR There, were no candidates That the votes cast for Director of the District to act until the second regular election in May, 2018: CANDIDATE FOR DIRECTOR NUMBER OF VOTES CAST Jens M. Werner Richard Pylman Two (2) Two (2) That the votes cast for and against the ballot questions and ballot issues submitted were as follows: HAYMEADOW METROPOLITAN DISTRICT NO.3 BALLOT QUESTION A: Shall Haymeadow Metropolitan District No. 3 be organized? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO.3 BALLOT ISSUE B: SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 3 TAXES BE INCREASED $50,000 ANNUALLY (FIRST FULL FISCAL YEAR INCREASE) AND BY SUCH OTHER AMOUNTS COLLECTED IN EACH YEAR THEREAFTER FROM A MILL LEVY IMPOSED AT A RATE NOT TO EXCEED 50.000 MILLS (WITH THE ACTUAL MILL LEVY RATE FOR ANY FISCAL YEAR TO BE ADJUSTED DOWN-WARDS OR UPWARDS BY THE BOARD OF DIRECTORS IN ITS DISCRETION) TO PAY THE DISTRICT'S ADMINISTRATION, OPERATIONS, MAINTENANCE, CAPITAL IMPROVEMENT AND OTHER EXPENSES WITHOUT LIMITATION; PROVIDED THAT SUCH MILL LEVY MAY BE ADJUSTED (A) TO ACCOUNT FOR CHANGES IN THE LAW OR THE METHOD BY WHICH ASSESSED VALUATION IS CALCULATED, INCLUDING A CHANGE IN THE PERCENTAGE OF ACTUAL VALUATION USED TO DETERMINE ASSESSED VALUATION, (B) TO OFFSET ANY PROPERTY TAX CUT OR LIMIT WHICH IS MANDATED BY ARTICLE X, SECTION 20 OR OTHER PROVISIONS OF THE COLORADO CONSTITUTION, AS IT CURRENTLY EXISTS OR AS IT MAY BE AMENDED, AND (C) TO OFFSET REFUNDS AND ABATEMENTS; AND SHALL THE PROCEEDS OF SUCH TAXES AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION, SECTION 29-1-301, C.R.S., OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 3 BALLOT ISSUE C: (Debt for Parks and Recreation) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 3 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 3 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LTF,NS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING PARKS AND RECREATION IMPROVEMENTS AND PROGRAMS AS AUTHORIZED BY LAW, INCLUDING WITHOUT LIMITATION PARKS, TRAILS, PATHS AND OPEN SPACE, TOGETHER WITH ALL NECESSARY, INCIDENTAL AND APPURTENANT FACILITIES, LAND AND EASEMENTS, AND ALL EXTENSIONS OF AND IMPROVEMENTS TO SUCH FACILITIES WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICII-iNI. . . TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: Two (2) NO: Zero (d) HAYMEADOW METROPOLITAN DISTRICT NO. 3 BALLOT ISSUE D: (Debt for Drainage) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 3 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 3 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, URNS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING A STORMWATER MANAGEMENT SYSTEM, INCLUDING WITHOUT LIMITATION STORMWATER, SEWER, FLOOD AND SURFACE DRAINAGE FACILITIES AND SYSTEMS, DETENTION/RETENTION PONDS AND ASSOCIATED DRAINAGE FACILITIES, TOGETHER WITH ALL NECESSARY, INCIDENTAL AND APPURTENANT FACILITIES, LAND AND EASEMENTS, AND ALL EXTENSIONS OF AND IMPROVEMENTS TO SUCH FACILITIES WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 3 BALLOT ISSUE E: (Debt for Street Improvements) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 3 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 3 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING STREET, ROADWAY AND RELATED LANDSCAPING IMPROVEMENTS, INCLUDING CURBS, GUTTERS, CULVERTS, AND OTHER DRAINAGE FACILITIES, PEDESTRIAN WAYS, BRIDGES, ALLEYS, PARKING FACILITY FS, PAVING, LIGHTING, GRADING, LANDSCAPING, IRRIGATION, AND STRUCTURES; AND STREET-RELATED ELECTRIC, TELEPHONE, AND GAS; TOGETHER WITH ALL NECESSARY, INCIDENTAL, AND APPURTENANT FACILITI KS, LAND AND EASEMENTS, AND ALL EXTENSIONS OF AND IMPROVEMENTS TO SAID FACILITIES WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAM FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICIPNT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 3 BALLOT ISSUE F: (Debt for Water) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 3 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 3 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING COMPLETE POTABLE WATER SYSTEM AND A COMPLETE NONPOTABLE IRRIGATION WATER SYSTEM, INCLUDING BUT NOT LIMITED TO, WATER RIGHTS, WATER SUPPLY, TREATMENT, STORAGE, TRANSMISSION AND DISTRIBUTION SYSTEMS FOR PUBLIC OR PRIVATE PURPOSES, TOGETHER WITH ALL NECESSARY AND PROPER RESERVOIRS, TREATMENT WORKS AND FACILITIES, WELLS, WATER RIGHTS, EQUIPMENT AND APPURTENANCES INCIDENT THERETO WHICH MAY INCLUDE, BUT SHALL NOT BE LIMITED TO, TRANSMISSION LINES, DISTRIBUTION MAINS AND LATERALS, STORAGE FACILITIES, LAND AND EASEMENTS, TOGETHER WITH EXTENSIONS OF AND IMPROVEMENTS TO SAID FACILIT HS OR SYSTEMS WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT • •• BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 3 BALLOT ISSUE G: (Debt for Sewer) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 3 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 3 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LI ENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING SANITARY SEWERS, WASTEWATER TREATMENT AND DISPOSAL WORKS AND FACILITIES, WATER QUALITY FACILITIES, EQUIPMENT AND APPURTENANCES INCIDENT THERETO, TOGETHER WITH ALL NECESSARY, INCIDENTAL AND APPURTENANT FACILITIES, LAND AND EASEMENTS, AND ALL NECESSARY EXTENSIONS OF AND IMPROVEMENTS TO SAID FACILITIES OR SYSTEMS WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMTNED.BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND TN. AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 3 BALLOT ISSUE H: (Debt for Transportation). SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 3 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 3 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING A SYSTEM TO TRANSPORT THE PUBLIC BY BUS, RAIL, OR ANY OTHER MEANS OF CONVEYANCE, OR ANY COMBINATION THEREOF, TOGETHER WITH ALL NECESSARY, INCIDENTAL AND APPURTENANT FACILITY FS, LAND AND EASEMENTS, AND ALL EXTENSIONS OF AND IMPROVEMENTS TO SUCH FACILITIES WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARWSUCH DEBT TO BE SOLD IN ONE SERIES OR MORE ATA PRICE ',I' ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF. SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: Two (2) . NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 3 BALLOT ISSUE I: (Debt for Traffic and Safety Controls) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 3 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 3 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING TRAFFIC AND SAFETY CONTROLS AND DEVICES ON STREETS AND HIGHWAYS AND AT RAILROAD CROSSINGS, TOGETHER WITH ALL NECESSARY, INCIDENTAL AND APPURTENANT FACILITIES, LAND AND EASEMENTS, AND ALL EXTENSIONS OF AND IMPROVEMENTS TO SUCH FACILITIES WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE;BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF TUE DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO.3 BALLOT ISSUE J: (Debt for Mosquito Control) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 3 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO.3 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING IMPROVEMENTS TO PROVIDE FOR THE ELIMINATION AND CONTROL OF MOSQUITOES, TOGETHER WITH ALL NECESSARY, INCIDENTAL AND APPURTENANT FACILITIES, LAND AND EASEMENTS, AND ALL EXTENSIONS OF AND IMPROVEMENTS TO SUCH FACILITIES WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 3 BALLOT ISSUE K: (Debt for Fire Protection) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 3 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 3 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING FIRE PROTECTION, TOGETHER WITH ALL NECESSARY, INCIDENTAL AND APPURTENANT FACILITY ES, LAND AND EASEMENTS, AND ALL EXTENSIONS OF AND IMPROVEMENTS TO SUCH FACILITIES WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OFATREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE . COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 3 BALLOT ISSUE L: (Debt for Refunding) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 3 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 3 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE.NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED. OR INCURRED FOR THE PURPOSE OF REFUNDING, PAYING, OR DEFEASING, IN WHOLE OR IN PART, BONDS, NOTES, OR OTHER FINANCIAL OBLIGATIONS OF THE DISTRICT; SUCH DEBT TO BEAR INTEREST AT A RATE TO BE DETERMINED BY THE DISTRICT BOARD, WHICH INTEREST RATE MAY BEIIIGHER THAN THE INTEREST RATE BORNE BY THE OBLIGATIONS BEING REFUNDED BUT IN NO EVENT SHALL THE NET EFFECTIVE INTEREST RATE EXCEED 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS-THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; THE PRINCIPAL AMOUNT OF SUCH DEBT, TOGETHER WITH ALL OTHER DEBT OF THE DISTRICT AUTHORIZED BY ANY OTHER BALLOT . QUESTION AND ALL DEBT ISSUED BY HAYMEADOW METROPOLITAN DISTRICT NOS. 1, 2 AND 4 TO 6, NOT TO EXCEED AN AGGREGATE OF $35,000,000; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING WITHOUT LIMITATION FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO.3 BALLOT ISSUE M: (Intergovernmental Agreements with the State or Political Subdivisions) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 3 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO.3 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT AND MULTIPLE-FISCAL YEAR OBLIGATIONS; SUCH DEBT AND OBLIGATIONS TO CONSIST OF ONE OR MORE INTERGOVERNMENTAL AGREEMENTS WITH THE STATE OR ANY POLITICAL SUBDIVISION OF THE STATE, INCLUDING THE TOWN OF EAGLE, COLORADO, AND HAYMEADOW METROPOLITAN DISTRICT NOS. 1, 2 AND 4 TO 6, FOR THE PURPOSE OF JOINTLY FINANCING THE COSTS OF ANY PUBLIC IMPROVEMENTS, FACILITIES, SYSTEMS, PROGRAMS, OR PROJECTS WHICH THE DISTRICT MAY LAWFULLY PROVIDE, OR FOR THE PURPOSE OF PROVIDING FOR THE OPERATIONS AND MAINTENANCE OF THE DISTRICT AND ITS FACILITTES AND PROPERTIES; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM THE DISTRICT'S OPERATING MILL LEVY IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY FOR THE PURPOSES SPECIFTED ABOVE; AND IN CONNECTION THEREWITH SHALL THE DISTRICT BE AUTHORIZED TO MAKE COVENANTS REGARDING THE ESTABLISHMENT AND USE OF AD VALOREM TAXES, RATES, FEES, TOLLS, PENALTIES, AND OTHER CHARGES OR REVENUES OF THE DISTRICT, AND COVENANTS, REPRESENTATIONS, AND WARRANDRS AS TO OTHER MATTERS ARISING' UNDER THE AGREEMENTS, ALL AS MAY BE DETERMINED BY * THE BOARD OF DIRECTORS OF THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO.3 BALLOT ISSUE N: (TABOR Exemption for Revenue) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 3 BE AUTHORIZED TO COLLECT, RETAIN, AND SPEND ANY AND ALL AMOUNTS ANNUALLY FROM ANY REVENUE SOURCES WHATSOEVER (INCLUDING WITHOUT LIMITATION ANY REVENUES FROM AD VALOREM PROPERTY TAXES, TAXES, SPECIFIC OWNERSHIP TAXES, FEES, RATES, TOLLS, PENALT I ES, OR CHARGES, STATE, FEDERAL AND PRIVATE GRANTS AND GIFTS, OR ANY OTHER SOURCE); AND SHALL SUCH REVENUES BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER AS A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO.3 BALLOT ISSUE 0: (Developer Agreements) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 3 BE AUTHORIZED TO ENTER INTO AGREEMENTS WITH ANY DEVELOPER OF PROPERTY IN THE DISTRICT FOR THE PURPOSE OF FINANCING THE COSTS OF ANY PUBLIC IMPROVEMENTS, FACILITIES, SYSTEMS, OR PROJECTS WHICH THE DISTRICT MAY LAWFULLY • PROVIDE, WHICH AGREEMENTS MAY CONSTITUTE DEBT OR INDEBTEDNESS AND MULTIPLE-FISCAL YEAR OBLIGATIONS OF THE DISTRICT TO THE EXTENT PROVIDED THEREIN AND OTHERWISE AUTHORIZED BY LAW, AND IN CONNECTION THEREWITH SHALL THE DISTRICT BE AUTHORIZED TO.AGREE TO PAY SPECIFIED REVENUES OF THE DISTRICT TO THE DEVELOPERS, TO MAKE COVENANTS REGARDING THE REVENUES OF THE DISTRICT, AND TO MAKE COVENANTS, REPRESENTATIONS, AND WARRANT ( ES AS TO OTHER MATTERS ARISING UNDER THE AGREEMENTS, ALL AS MAY BE DETERMINED.BY THE BOARD OF DIRECTORS OF THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO 3 BALLOTISSUE P: (Mortgage of Property) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 3 BE AUTHORIZED TO ISSUE, CREATE, EXECUTE, AND DELIVER MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, WHETHER NOW OWNED OR HEREAFTER ACQUIRED, AND INCLUDING WITHOUT LIMITATION WATER AND WATER RIGHTS, SUCH ENCUMBRANCES OF THE DISTRICT AND OF HAYMEADOW METROPOLITAN DISTRICT NOS. 1, 2 AND 4 TO 6 TO BE IN THE AGGREGATE PRINCIPAL AMOUNT NOT TO EXCEED $35,000,000, PLUS INTEREST THEREON AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, ALL AS MAY BE DETERMINED BY THE BOARD OF DIRECTORS TO BE NECESSARY OR APPROPRIATE IN CONNECTION WITH THE ISSUANCE OF BONDS, NOTES, CONTRACTS, OR OTHER FINANCIAL OBLIGATIONS OF THE DISTRICT; SUCH ENCUMBRANCES TO BE CREATED FOR THE PURPOSE OF PROVIDING ADDITIONAL SECURITY FOR DISTRICT FINANCIAL OBLIGATIONS, AND TO BE CREATED AT ONE TIME OR FROM TIME TO TIME; SUCH MORTGAGES, DEEDS OF TRUST, LIENS, OR OTHER ENCUMBRANCES TO ENTITLE THE OWNER OR BENEFICIARY THEREOF TO FORECLOSE UPON AND TAKE TITLE TO AND POSSESSION OF THE DISTRICT PROPERTY SO ENCUMBERED, AND IN CONNECTION THEREWITH SHALL THE DISTRICT BE AUTHORIZED TO MAKE SUCH COVENANTS REGARDING THE USE OF THE ENCUMBERED PROPERTY AND OTHER MATTERS ARISING UNDER THE ENCUMBRANCE, ALL AS MAY BE DETERMINED BY THE BOARD OF DIRECTORS OF THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 3 BALLOT QUESTION Q (Transportation Services) Shall the Haymeadow Metropolitan District No. 3 be authorized to provide transportation services and exercise the power to establish, maintain, and operate a system to transport the public by bus, rail, or any other means of convenience, or any combination thereof, within and without the District boundaries, but only within•Eagle County, Colorado, within which the District is located? YES: NO: Two (2) Zero (0) HAYMEADOW METROPOLITAN 'DISTRICT NO. 3 BALLOT QUESTION R (Waiver of Term Limits) Shall the limitations on terms of office of elected members of the Board of Directors of the Haymeadow Metropolitan District No. 3 be eliminated pursuant to Article XVIII, Section 11(2) of the Colorado Constitution? YES: Two (2) NO: Zero (0) It is hereby identified and specified that: Total Number of Ballots Delivered to Electors (including UOCAVA ballots): Total Number of Ballots Voted Three (3) (including UOCAVA ballots): Two (2) Number of Ballots Returned Undelivered: Zero (0) Number of Spoiled Ballots (Replacement Ballot issued): One (1) Number of Rejected Ballots: Zero (0) Number of Defective Ballots: Zero (0) Number of Substitute Ballots Voted: Zero (0) Number of Unofficial Ballots Voted: Zero (0) Total Number of Ballots Returned to Designated Election Official (including UOCAVA ballots): Two (2) Certified this 4th day of November, 2014. CANVASS BOARD'S CERTIFICATE OF DE IERMINATION OF OFFICIAL ELECTION RESULTS FOR 'IRE SPECIAL ORGANIZATION ELECTION HELD NOVEMBER 4, 2014 FOR TI-1H: HAYMEADOW METROPOLITAN DISTRICT NO.4 Each of the undersigned members of the Canvass Board of the Haymeadow Metropolitan District No. 4 ("District") certifies that the following is a true and correct determination of the official election results of the special organization election of the District, at which time the eligible electors of the District voted as indicated on the attached Judges' Certificate of Election Returns, and as a result of which the eligible electors elected to office the following Directors: Jens M. Werner Term to May, 2018 P.O. Box 2964 Avon, Colorado 81620 Richard J. Pylman. Term to May, 2018 • P.O. Box 1195 Edwards, Colorado 81632 Vacancy Term to May, 2018 Vacancy Term to May, 2016 Vacancy Term to May, 2016 The votes cast for and against each ballot issue and ballot question submitted were as follows: HAYMEADOW METROPOLITAN DISTRICT NO.4 BALLOT QUESTION A: Shall Haymeadow Metropolitan District No. 4 be organized? YES: One (1) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO.4 BALLOT ISSUE B: SHALL HAYMEADOW METROPOLITAN DISTRICT NO.4 TAXES BE INCREASED $50,000 ANNUALLY (FIRST FULL FISCAL YEAR INCREASE) AND BY SUCH OTHER AMOUNTS COLLECTED IN EACH YEAR THEREAFTER FROM A MILL LEVY IMPOSED AT A RATE NOT TO EXCEED 50.000 MILLS (WITH THE ACTUAL MILL LEVY RATE FOR ANY FISCAL YEAR TO BE ADJUSTED DOWNWARDS OR UPWARDS BY THE BOARD OF DIRECTORS IN ITS DISCRETION) TO PAY THE DISTRICT'S ADMINISTRATION, OPERATIONS, MAINTENANCE, CAPITAL IMPROVEMENT AND OTHER EXPENSES WITHOUT LIMITATION; PROVIDED THAT SUCH MILL LEVY MAY BE ADJUSTED (A) TO ACCOUNT FOR CHANGES IN THE LAW OR THE METHOD BY WHICH ASSESSED VALUATION IS CALCULATED, INCLUDING A {00416767DOC I} CHANGE IN THE PERCENTAGE OF ACTUAL VALUATION USED TO DETERMINE ASSESSED VALUATION, (13) TO OFFSET ANY PROPERTY TAX CUT OR LIMIT WHICH IS MANDATED BY ARTICLE X, SECTION 20 OR OTHER PROVISIONS OF THE COLORADO CONSTITUTION, AS IT CURRENTLY EXISTS OR AS IT MAY BE AMENDED, AND (C) TO OFFSET REFUNDS AND ABATEMENTS; AND SHALL THE PROCEEDS OF SUCH TAXES AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION, SECTION 29-1-301, C.RS., OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: NO: One (1) Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO.4 BALLOT ISSUE C: (Debt for Parks and Recreation) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 4 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO.4 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING PARKS AND RECREATION IMPROVEMENTS AND PROGRAMS AS AUTHORIZED BY LAW, INCLUDING WITHOUT LIMITATION PARKS, TRAILS, PATHS AND OPEN SPACE, TOGETHER WITH ALL NECESSARY, INCIDENTAL AND APPURTENANT FACILITIES, LAND AND EASEMENTS, AND ALL EXTENSIONS OF AND IMPROVEMENTS TO SUCH FACILITIES WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM. IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL {00416767.DOC I} LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICIRNT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR-THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: One (1) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 4 BALLOT ISSUE D: (Debt for Drainage) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 4 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 4 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING A STORMWATER MANAGEMENT SYSTEM, INCLUDING WITHOUT LIMITATION STORMWATER, SEWER, FLOOD AND SURFACE DRAINAGE FACILITIES AND SYSTEMS, DETENTION/RETENTION PONDS AND ASSOCIATED DRAINAGE FACILITIES, TOGETHER WITH ALL NECESSARY, INCIDENTAL AND APPURTENANT FACILIT I ES, LAND AND EASEMENTS, AND ALL EXTENSIONS OF AND IMPROVEMENTS TO SUCH FACILITI HS WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN {00416767.DOC I} EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: One (1) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 4 BALLOT ISSUE E: (Debt for Street Improvements) SHALL HAYMEADOW METROPOLITAN DISTRICT NO.4 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO.4 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING STREET, ROADWAY AND RELATED LANDSCAPING IMPROVEMENTS, INCLUDING CURBS, GUTTERS, CULVERTS, AND OTHER DRAINAGE FACILITIES, PEDESTRIAN WAYS, BRIDGES, ALLEYS, PARKING FACILITIES, PAVING, LIGHTING, GRADING, LANDSCAPING, IRRIGATION, AND STRUCTURES; AND STREET-RELATED ELECTRIC, TELEPHONE, AND GAS; TOGETHER WITH ALL NECESSARY, INCIDENTAL, AND APPURTENANT FACILIT I HS, LAND AND EASEMENTS, AND ALL EXTENSIONS OF AND IMPROVEMENTS TO SAID FACILITIES WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR (00416767.DOC I) EQUAL TOME PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS -AND- • CONDITIONS AS THE DISTRICT MAY DETERM NE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: One (1) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 4 BALLOT ISSUE F: (Debt for Water) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 4 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 4 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING COMPLETE POTABLE WATER SYSTEM AND A COMPLETE NONPOTABLE IRRIGATION WATER SYSTEM, INCLUDING BUT NOT LIMITED TO, WATER RIGHTS, WATER SUPPLY, TREATMENT, STORAGE, TRANSMISSION AND DISTRIBUTION SYSTEMS FOR PUBLIC OR PRIVATE PURPOSES, TOGETHER WITH ALL NECESSARY AND PROPER RESERVOIRS, TREATMENT WORKS AND FACILITIES, WELLS, WATER RIGHTS, EQUIPMENT AND APPURTENANCES INCIDENT THERETO WHICH MAY INCLUDE, BUT SHALL NOT BE LIMITED TO, TRANSMISSION LINES, DISTRIBUTION MAINS AND LATERALS, STORAGE FACILITIES, LAND AND EASEMENTS, TOGETHER WITH [00416767.D0C1) EXTENSIONS OF AND IMPROVEMENTS TO SAID FACILITIES OR SYSTEMS WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: One (1) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 4 BALLOT ISSUE G: (Debt for Sewer) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 4 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 4 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING SANITARY SEWERS, WASTEWATER TREATMENT AND DISPOSAL WORKS AND FACILITIES, WATER QUALITY FACILIT1F,S, EQUIPMENT AND APPURTENANCES INCIDENT {00416767.DOC THERETO, TOGETHER WITH ALL NECESSARY, INCIDENTAL AND APPURTENANT FACT LIT KS, LAND AND EASEMENTS, AND ALL NECESSARY EXTENSIONS OF AND IMPROVEMENTS TO SAID FACILITIES OR SYSTEMS WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFIC I HNT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE. PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: One (1) NO: Zero (0) HAYNLEADOW METROPOLITAN DISTRICT NO. 4 BALLOT ISSUE H: (Debt for Transportation) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 4 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO: 4 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND• OTHERWISE PROVIDING A SYSTEM TO TRANSPORT THE PUBLIC BY BUS, RAIL, OR ANY OTHER MEANS OF (00416767.DOC /} :-:-.CONVEYANCE, OR ANY COMBINATION THEREOF, TOGETHER WITH ALL NECESSARY, INCIDENTAL AND APPURTENANT FACILITIES, LAND AND EASEMENTS, AND ALL EXTENSIONS OF AND IMPROVEMENTS TO SUCH FACILITIES WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF' SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR. WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: One (1) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO.4 BALLOT ISSUE I: (Debt for Traffic and Safety Controls) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 4 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO.4 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, URNS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING TRAFFIC {06416767.DOC AND SAFETY CONTROLS AND DEVICESION STREETS AND HIGHWAYS AND AT RAILROAD CROSSINGS, TOGETHER WITH ALL NECESSARY, INCIDENTAL AND APPURTENANT FACILITIES, LAND AND EASEMENTS, AND ALL EXTENSIONS OF AND IMPROVEMENTS TO SUCH FACILITIES WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH '1 FRMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: One (1) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO.4 BALLOT ISSUE J: (Debt for Mosquito Control) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 4 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO.4 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING {00416767.DOC IMPROVEMENTS TO PROVIDE FOR THE ELIMMATIONAND CONTROL OF MOSQUITOES, TOGETHER WITH ALL NECESSARY, INCIDENTAL AND APPURTENANT FACILITIES, LAND AND EASEMENTS, AND ALL EXTENSIONS OF AND IMPROVEMENTS TO SUCH FACILITIES WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: One (1) NO: Zero (0) HAY-MEADOW METROPOLITAN DISTRICT NO.4 BALLOT ISSUE K: (Debt for Fire Protection) SHALL HAYMEADOW METROPOLITAN DISTRICT NO.4 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO.4 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING FIRE {00416767.DOC I) PROTECTION, TOGETIffiR WITH ALL NECESSARY, INCIDENTAL AND APPURTENANT FACILITIES, LAND AND EASEMENTS, AND ALL EXTENSIONS OF AND IMPROVEMENTS TO SUCH FACILITIES WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICI HNT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: One (1) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 4 BALLOT ISSUE L: (Debt for Refunding) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 4 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 4 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF REFUNDING, PAYING, OR DEFEASING, IN WHOLE OR IN PART, BONDS, NOTES, OR OTHER FINANCIAL OBLIGATIONS OF THE DISTRICT; SUCH DEBT TO BEAR INTEREST AT A RATE TO BE DETERMINED BY THE DISTRICT BOARD, WHICH INTEREST RATE MAY BE HIGHER THAN THE {00416767.DOC INfEREST RATE BORNE BY,THE OBLIGATIONS BEING REFUNDED BUT IN NO EVENT SHALL THE NET EFFECTIVE INTEREST RATE EXCEED 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; THE PRINCIPAL AMOUNT OF SUCH DEBT, TOGETHER WITH ALL OTHER DEBT OF THE DISTRICT AUTHORIZED BY ANY OTHER BALLOT QUESTION AND ALL DEBT ISSUED BY HAYMEADOW METROPOLITAN DISTRICT NOS. 1 TO 3, 5 AND 6, NOT TO EXCEED AN AGGREGATE OF $35,000,000; SUCH DEBT TO BE PAW FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING WITHOUT LIMITATION FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL. INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: One (1) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO.4 BALLOT ISSUE M: (Intergovernmental Agreements with the State or Political Subdivisions) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 4 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO.4 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT AND MULTIPLE-FISCAL YEAR OBLIGATIONS; SUCH DEBT AND OBLIGATIONS TO CONSIST OF ONE OR MORE INTERGOVERNMENTAL AGREEMENTS WITH THE STATE OR ANY POLITICAL SUBDIVISION OF THE STATE, INCLUDING THE TOWN OF EAGLE, COLORADO, AND HAYMEADOW METROPOLITAN DISTRICT NOS. 1 TO 3, 5 AND 6, FOR THE PURPOSE OF JOINTLY FINANCING THE COSTS OF ANY PUBLIC IMPROVEMENTS, FACILITIES, SYSTEMS, PROGRAMS, OR PROJECTS WHICH THE DISTRICT MAY LAWFULLY PROVIDE, OR (00416767.DOC FORME PURPOSE OF PROVIDING FOR THE OPERATIONS AND MAINTENANCE. OF THE DISTRICT AND ITS FACILITIES AND PROPERT1HS; SUCH DEBT TO BE PAID . FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM THE DISTRICT'S OPERATING MILL LEVY IN AMOUNTS SUFFICIENT TO PRODUCE • THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY FOR THE PURPOSES SPECIFIED ABOVE; AND IN CONNECTION THEREWITH SHALL THE DISTRICT BE AUTHORIZED TO MAKE COVENANTS REGARDING THE ESTABLISHMENT AND USE OF AD VALOREM TAXES, RATES, FEES, TOLLS, PENALT I HS, AND OTHER CHARGES OR REVENUES OF THE DISTRICT, AND COVENANTS, REPRESENTATIONS, AND WARRANTIES AS TO OTHER MATTERS ARISING UNDER THE AGREEMENTS, ALL AS MAY BE DETERMINED BY THE BOARD OF DIRECTORS OF THE DISTRICT? YES: One (1) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO.4 BALLOT ISSUE N: (TABOR Exemption for Revenue) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 4 BE AUTHORIZED TO COLLECT, RETAIN, AND SPEND ANY AND ALL AMOUNTS ANNUALLY FROM ANY REVENUE SOURCES WHATSOEVER (INCLUDING WITHOUT LIMITATION ANY REVENUES FROM AD VALOREM PROPERTY TAXES, TAXES, SPECIFIC OWNERSHIP TAXES, FEES, RATES, TOLLS, PENALTIES, OR CHARGES, STATE, FEDERAL AND PRIVATE GRANTS AND GIFTS, OR ANY OTHER SOURCE); AND SHALL SUCH REVENUES BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER AS A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: One (1) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO.4 BALLOT ISSUE 0: (Developer Agreements) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 4 BE AUTHORIZED TO ENTER INTO AGREEMENTS WITH ANY DEVELOPER OF PROPERTY IN THE DISTRICT FOR THE PURPOSE OF FINANCING THE COSTS OF ANY PUBLIC IMPROVEMENTS, FACILITIES, SYSTEMS, OR PROJECTS WHICH THE DISTRICT MAY LAWFULLY PROVIDE, WHICH AGREEMENTS MAY CONSTITUTE DEBT OR INDEBTEDNESS AND MULTIPLE-FISCAL YEAR OBLIGATIONS OF THE DISTRICT TO THE EXTENT PROVIDED THEREIN AND OTHERWISE AUTHORIZED BY LAW, AND IN {00416767.DOC I) CONNECTION TIMREWITH SHALL THE DISTRICT BE AUTHORIZED TO AGREE TO PAY SPECIFIED REVENUES OF THE DISTRICT TO THE DEVELOPERS, TO MAKE COVENANTS REGARDING THE REVENUES OF THE DISTRICT, AND TO MAKE COVENANTS, REPRESENTATIONS, AND WARRANTIES AS TO OTHER MATTERS ARISING UNDER THE AGREEMENTS, ALL AS MAY BE DETERMINED BY THE BOARD OF DIRECTORS OF THE DISTRICT? YES: One (1) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 4 BALLOT ISSUE P: (Mortgage of Property) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 4 BE AUTHORIZED TO. ISSUE, CREATE, EXECUTE, AND DELIVER MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, WHETHER NOW OWNED OR HEREAFTER ACQUIRED, AND INCLUDING WITHOUT LIMITATION WATER AND WATER RIGHTS, SUCH ENCUMBRANCES OF THE DISTRICT AND OF HAYMEADOW METROPOLITAN DISTRICT NOS. 1 TO 3, 5 AND 6 TO BE IN THE AGGREGATE PRINCIPAL AMOUNT NOT TO EXCEED $35,000,000, PLUS INTEREST THEREON AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, ALL AS MAY BE DETERMINED BY THE BOARD OF DIRECTORS TO BE NECESSARY OR APPROPRIATE IN CONNECTION WITH THE ISSUANCE OF BONDS, NOTES, CONTRACTS, OR OTHER FINANCIAL OBLIGATIONS OF THE DISTRICT; SUCH ENCUMBRANCES TO BE CREATED FOR THE PURPOSE OF PROVIDING ADDITIONAL SECURITY FOR DISTRICT FINANCIAL OBLIGATIONS, AND TO BE CREATED AT ONE TIME OR FROM TIME TO TIME; SUCH MORTGAGES, DEEDS OF TRUST, LIENS, OR OTHER ENCUMBRANCES TO ENTITLE THE OWNER OR BENEFICIARY THEREOF TO FORECLOSE UPON AND TAKE TITLE TO AND POSSESSION OF THE DISTRICT PROPERTY SO ENCUMBERED, AND IN CONNECTION THEREWITH SHALL THE DISTRICT BE AUTHORIZED TO MAKE SUCH COVENANTS REGARDING THE USE OF THE ENCUMBERED PROPERTY AND OTHER MATTERS ARISING UNDER THE ENCUMBRANCE, ALL AS MAY BE DETERMINED BY THE BOARD OF DIRECTORS OF THE DISTRICT? YES: One (1) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 4 BALLOT QUESTION Q (Transportation Services) Shall the Haymeadow Metropolitan District No. 4 be authorized to provide transportation services and exercise the power to establish, maintain, and operate a system to transport the {00416767.DOC ser Canv YES: NO: CERTIFTFD this 5th day of Novem Designated Ele cial One (1) Zero (0) public by bus, rail, or any other means of convenience, or any combination thereof, within and without the District boundaries, but only within Eagle County, Colorado, within which the District is located? YES: NO: One (1) Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 4 BALLOT QUESTION R (Waiver of Term Limits) Shall the limitations on terms of office of elected members of the Board of Directors of the Haymeadow Metropolitan District No. 4 be eliminated pursuant to Article XVIII, Section 11(2) of the Colorado Constitution? Contact Person for District: Da id A. Gre r Co • Coc el & Cole Business Address: 390 err oulevard, Suite 400 Denver, Colorado 80228 Telephone Number: (303) 986-1551 100416767.DOC,/). EXHIBIT A (Attach Judges' Certificate of Election Returns) (00416767.DOC JUDGES' CERTIFICATE OF MAIL BALLOT ELECTION RETURNS AND STATEMENT OF BALLOTS FOR HAYMEADOW METROPOLITAN DISTRICT NO.4 IT IS HEREBY CERTIFIED by the undersigned, who conducted the mail ballot election held in the Haymeadow Metropolitan District No. 4, in Eagle County, Colorado, on the 4th day of November, 2014, that after qualifying by swearing and subscribing to their Oaths of Office, they opened the polls at 7:00 a.m., and that they kept the polls open continuously until the hour of 7:00 p.m. on such date, after which they counted the ballots cast for Directors of the District and for the ballot issues and ballot questions submitted in accordance with the Colorado Local Government Election Code. That the votes cast for Director of the District to act until the first regular election in.May, 2016: CANDIDATE FOR DIRECTOR There were no candidates That the votes cast for Director of the District to act until the second regular election in May, 2018: CANDIDATE FOR DIRECTOR NUMBER OF VOTES CAST Jens M. Werner One (1) Richard Pylman One (1) That the votes cast for and against the ballot questions and ballot issues submitted were as follows: HAYMEADOW METROPOLITAN DISTRICT NO.4 BALLOT QUESTION A: Shall Haymeadow Metropolitan District No. 4 be organized? YES: One (1) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO.4 BALLOT ISSUE B: SHALL HAYMEADOW METROPOLITAN DISTRICT NO.4 TAXES BE INCREASED $50,000 ANNUALLY (FIRST FULL FISCAL YEAR INCREASE) AND BY SUCH OTHER AMOUNTS COLLECTED IN EACH YEAR THEREAFTER FROM A MILL LEVY IMPOSED AT A RATE NOT TO EXCEED 50.000 MILLS (WITH THE ACTUAL MILL LEVY RATE FOR ANY FISCAL YEAR TO BE ADJUSTED DOWNWARDS OR UPWARDS BY THE BOARD OF DIRECTORS IN ITS DISCRETION) TO PAY THE DISTRICT'S ADMINISTRATION, OPERATIONS, MAINTENANCE, CAPITAL IMPROVEMENT AND OTHER EXPENSES WITHOUT LIMITATION; PROVIDED THAT SUCH MILL LEVY MAY BE ADJUSTED (A) TO ACCOUNT FOR CHANGES IN THE LAW OR THE METHOD BY WHICH ASSESSED VALUATION IS CALCULATED, INCLUDING A CHANGE IN THE PERCENTAGE OF ACTUAL VALUATION USED TO DETERMINE ASSESSED VALUATION, (B) TO OFFSET ANY PROPERTY TAX CUT OR LIMIT WHICH IS MANDAXED BY ARTICLE X, SECTION 20 OR OTHER PROVISIONS OF THE COLORADO CONSTITUTION, AS IT CURRENTLY EXISTS OR AS IT MAY BE AMENDED, AND (C) TO OFFSET REFUNDS AND ABATEMENTS; AND SHALL THE PROCEEDS OF SUCH TAXES AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND / IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION, SECTION 29-1-301, C.R.S., OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: One (1) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO.4 BALLOT ISSUE C: (Debt for Parks and Recreation) SHALL HAYMEADOW MB1I{OPOLITAN DISTRICT NO. 4 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO.4 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING PARKS AND RECREATION IMPROVEMENTS AND PROGRAMS AS AUTHORIZED BY LAW, INCLUDING WITHOUT LIMITATION PARKS, TRAILS, PATHS AND OPEN SPACE, TOGETHER WITH ALL NECESSARY, INCIDENTAL AND APPURTENANT FACILITTES, LAND AND EASEMENTS, AND ALL EXTENSIONS OF AND IMPROVEMENTS TO SUCH FACILITY FS WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICIHNT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: One (1) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO.4 BALLOT ISSUE D: (Debt for Drainage) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 4 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO.4 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LI HNS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING A STORMWATER MANAGEMENT SYSTEM, INCLUDING WITHOUT LIMITATION STORMWATER, SEWER, FLOOD AND SURFACE DRAINAGE FACILITIES AND SYSTEMS, DETENTION/RETENTION PONDS AND ASSOCIATED DRAINAGE FACILITIES, TOGETHER WITH ALL NECESSARY, INCIDENTAL AND APPURTENANT FACILIT I LAND AND EASEMENTS, AND ALL EXTENSIONS OF AND IMPROVEMENTS TO SUCH FACILITIES WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE. COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: NO: One (1) Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO.4 BALLOT ISSUE E: (Debt for Street Improvements) SHALL HAYMEADOW METROPOLITAN DISTRICT NO.4 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO.4 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LI I4NS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING STREET, ROADWAY AND RELATED LANDSCAPING IMPROVEMENTS, INCLUDING CURBS, GUTTERS, CULVERTS, AND OTHER DRAINAGE FACILITIES, PEDESTRIAN WAYS, BRIDGES, ALLEYS, PARKING FACILITY HS, PAVING, LIGHTING, GRADING, LANDSCAPING, IRRIGATION, AND STRUCTURES; AND STREET-RELATED ELECTRIC, TELEPHONE, AND GAS; TOGETHER WITH ALL NECESSARY, INCIDENTAL, AND APPURTENANT FACILITIES, LAND AND EASEMENTS, AND ALL EXTENSIONS OF AND IMPROVEMENTS TO SAID FACILITIES WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT • OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: NO: One (1) Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO.4 BALLOT ISSUE F: (Debt for Water) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 4 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO.4 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING COMPLETE POTABLE WATER SYSTEM AND A COMPLETE NONPOTABLE IRRIGATION WATER SYSTEM, INCLUDING BUT NOT LIMITED TO, WATER RIGHTS, WATER SUPPLY, TREATMENT, STORAGE, TRANSMISSION AND DISTRIBUTION SYSTEMS FOR PUBLIC OR PRIVATE PURPOSES, TOGETHER WITH ALL NECESSARY AND PROPER RESERVOIRS, TREATMENT WORKS AND FACILITIES, WELLS, WATER RIGHTS, EQUIPMENT AND APPURTENANCES INCIDENT THERETO WHICH MAY INCLUDE, BUT SHALL NOT BE LIMITED TO, TRANSMISSION LINES, DISTRIBUTION MAINS AND LATERALS, STORAGE FACILITIES, LAND AND EASEMENTS, TOGETHER WITH EXTENSIONS OF AND IMPROVEMENTS TO SAID FACILITIES OR SYSTEMS WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCHTIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: NO: One (11 Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 4 BALLOT ISSUE G: (Debt for Sewer) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 4 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 4 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING SANITARY SEWERS, WASTEWATER TREATMENT AND DISPOSAL WORKS AND FACILITIES, WATER QUALITY FACILITIES, EQUIPMENT AND APPURTENANCES INCIDENT THERETO, TOGETHER WITH ALL NECESSARY, INCIDENTAL AND APPURTENANT FACILITIES, LAND AND EASEMENTS, AND ALL NECESSARY EXTENSIONS OF AND IMPROVEMENTS TO SAID FACILITIES OR SYSTEMS WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: NO: One (11 Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO.4 BALLOT ISSUE H: (Debt for Transportation) SHALL HAYMEADOW METROPOLITAN DISTRICT NO.4 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL . HAYMEADOW METROPOLITAN DISTRICT NO.4 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING A. SYSTEM TO TRANSPORT THE PUBLIC BY BUS, RAIL, OR ANY OTHER MEANS OF CONVEYANCE, OR ANY COMBINATION THEREOF, TOGETHER WITH ALL NECESSARY, INCIDENTAL AND APPURTENANT FACILITIES, LAND AND EASEMENTS, AND ALL EXTENSIONS OF AND IMPROVEMENTS TO SUCH FACILITIES WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS 'AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: One (1) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO.4 BALLOT ISSUE I: (Debt for Traffic and Safety Controls) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 4 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO.4 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LI ENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING TRAFFIC AND SAFETY CONTROLS AND DEVICES ON STREETS AND HIGHWAYS AND AT RAILROAD CROSSINGS, TOGETHER WITH ALL NECESSARY, INCIDENTAL AND APPURTENANT FACILIT I ES, LAND AND EASEMENTS, AND ALL EXTENSIONS OF AND IMPROVEMENTS TO SUCH FACILITIES WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: One (1) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 4 BALLOT ISSUE J: (Debt for Mosquito Control) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 4 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 4 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LI HNS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING IMPROVEMENTS TO PROVIDE FOR THE ELIMINATION AND CONTROL OF MOSQUITOES, TOGETHER WITH ALL NECESSARY, INCIDENTAL AND APPURTENANT FACILITIES, LAND AND EASEMENTS, AND ALL EXTENSIONS OF AND IMPROVEMENTS TO SUCH FACILITIES WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY'AS MAYBE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY. DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: One (1) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO.4 BALLOT ISSUE K: (Debt for Fire Protection) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 4 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO.4 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING FIRE PROTECTION, TOGETHER WITH ALL NECESSARY, INCIDENTAL AND APPURTENANT FACILITIES, LAND AND EASEMENTS, AND ALL EXTENSIONS OF AND IMPROVEMENTS TO SUCH FACILITIES WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL-AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFIC I I-NT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: One (1) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO.4 BALLOT ISSUE L: (Debt for Refunding) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 4 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO.4 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LI KNS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF REFUNDING, PAYING, OR DEFEASING, IN WHOLE OR IN PART, BONDS, NOTES, OR OTHER FINANCIAL OBLIGATIONS OF THE DISTRICT; SUCH DEBT TO BEAR INTEREST AT A RATE TO BE DETERMINED BY THE DISTRICT BOARD, WHICH INTEREST RATE MAY BE HIGHER THAN THE INTEREST RATE BORNE BY THE OBLIGATIONS BEING REFUNDED BUT IN NO EVENT SHALL THE NET EFFECTIVE INTEREST RATE EXCEED 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED;: THE PRINCIPAL AMOUNT OF SUCH DEBT, TOGETHER WITH ALL OTHER DEBT OF THE DISTRICT AUTHORIZED BY ANY OTHER BALLOT QUESTION AND ALL DEBT ISSUED BY HAYMEADOW METROPOLITAN DISTRICT NOS. 1 TO 3, 5 AND 6, NOT TO EXCEED AN AGGREGATE OF $35,000,000; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING WITHOUT LIMITATION FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE. SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: NO: One (1) Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO.4 BALLOT ISSUE M: (Intergovernmental Agreements with the State or Political Subdivisions) SHALL HAYMEADOW METROPOLITAN DISTRICT NO.4 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 4 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT AND MULTIPLE-FISCAL YEAR OBLIGATIONS; SUCH DEBT AND OBLIGATIONS TO CONSIST OF ONE OR MORE INTERGOVERNMENTAL AGREEMENTS WITH THE STATE OR ANY POLITICAL SUBDIVISION OF THE STATE, INCLUDING THE TOWN OF EAGLE, COLORADO, AND HAYMEADOW METROPOLITAN DISTRICT NOS. 1 TO 3, 5 AND 6, FOR THE PURPOSE OF JOINTLY FINANCING THE COSTS OF ANY PUBLIC IMPROVEMENTS, FACILITIES, SYSTEMS, PROGRAMS, OR PROJECTS WHICH THE DISTRICT MAY LAWFULLY PROVIDE, OR FOR THE PURPOSE OF PROVIDING FOR THE OPERATIONS AND MAINTENANCE OF THE DISTRICT AND ITS FACILITIES AND PROPERTIES; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM THE DISTRICT'S OPERATING MILL LEVY IN AMOUNTS SUFFIC I FiNT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY FOR THE PURPOSES SPECIE! F,D ABOVE; AND IN CONNECTION THEREWITH SHALL THE DISTRICT BE AUTHORIZED TO MAKE COVENANTS REGARDING THE ESTABLISHMENT AND USE OF AD VALOREM TAXES, RATES, FEES, TOLLS, PENALTIES, AND OTHER CHARGES OR REVENUES OF THE DISTRICT, AND COVENANTS, REPRESENTATIONS, AND WARRANTIES AS TO OTHER MATTERS ARISING UNDER THE AGREEMENTS, ALL AS MAY BE DETERMINED BY THE BOARD OF DIRECTORS OF THE DISTRICT? YES: NO: One (1) Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO.4 BALLOT ISSUE N: (TABOR Exemption for Revenue) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 4 BE AUTHORIZED TO COLLECT, RETAIN, AND SPEND ANY AND ALL AMOUNTS ANNUALLY FROM ANY REVENUE SOURCES WHATSOEVER (INCLUDING WITHOUT LIMITATION ANY REVENUES FROM AD VALOREM PROPERTY TAXES, TAXES, SPECIFIC OWNERSHIP ,TAXES, FEES, RATES, TOLLS, PENALTI KS, OR CHARGES, STATE, FEDERAL AND PRIVATE GRANTS AND GIFTS, OR ANY OTHER SOURCE); AND SHALL SUCH REVENUES BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER AS A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: NO: One (1) Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO.4 BALLOT ISSUE 0: (Developer Agreements) SHALL HAYMEADOW METROPOLITAN DISTRICT NO.4 BE AUTHORIZED TO ENTER INTO AGREEMENTS WITH ANY DEVELOPER OF PROPERTY IN THE DISTRICT FOR THE PURPOSE OF FINANCING THE COSTS OF ANY PUBLIC IMPROVEMENTS, FACILITIES, SYSTEMS, OR PROJECTS WHICH THE DISTRICT MAY LAWFULLY PROVIDE, WHICH AGREEMENTS MAY CONSTITUTE DEBT OR INDEBTEDNESS AND MULTIPLE-FISCAL YEAR OBLIGATIONS OF THE DISTRICT TO THE EXTENT PROVIDED THEREIN AND OTHERWISE AUTHORIZED BY LAW, AND IN CONNECTION THEREWITH SHALL THE DISTRICT BE AUTHORIZED TO AGREE TO PAY SPECIFIED REVENUES OF THE DISTRICT TO THE DEVELOPERS, TO MAKE COVENANTS REGARDING THE REVENUES OF THE DISTRICT, AND TO MAKE COVENANTS, REPRESENTATIONS, AND WARRANTIES AS TO OTHER MATTERS ARISING UNDER THE AGREEMENTS, ALL AS MAY BE DETERMINED BY THE BOARD OF DIRECTORS OF THE DISTRICT? YES: One (1) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT` NO: 4 BALLOT ISSUE P: (Mortgage of Property) SHALL HAYMEADOW METROPOLITAN DISTRICT NO.4 BE AUTHORIZED TO ISSUE, CREATE, EXECUTE, AND DELIVER MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, WHETHER NOW OWNED OR HEREAFTER ACQUIRED, AND INCLUDING WITHOUT LIMITATION WATER AND WATER RIGHTS, SUCH ENCUMBRANCES OF THE DISTRICT AND OF HAYMEADOW METROPOLITAN DISTRICT NOS. 1 TO 3, 5 AND 6 TO BE IN THE AGGREGATE PRINCIPAL AMOUNT NOT TO EXCEED $35,000,000, PLUS INTEREST THEREON AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, ALL AS MAY BE DETERMINED BY THE BOARD OF DIRECTORS TO BE NECESSARY OR APPROPRIATE IN CONNECTION WITH THE ISSUANCE OF BONDS, NOTES, CONTRACTS, OR OTHER FINANCIAL OBLIGATIONS OF THE DISTRICT; SUCH ENCUMBRANCES TO BE CREATED FOR THE PURPOSE OF PROVIDING ADDITIONAL SECURITY FOR DISTRICT FINANCIAL OBLIGATIONS, AND TO BE CREATED AT ONE TIME OR FROM TIME TO TIME; SUCH MORTGAGES, DEEDS OF TRUST, LIENS, OR OTHER ENCUMBRANCES TO ENTITLE THE OWNER OR BENEFICIARY THEREOF TO FORECLOSE UPON AND TAKE TITLE TO AND POSSESSION OF THE DISTRICT PROPERTY SO ENCUMBERED, AND IN CONNECTION THEREWITH SHALL THE DISTRICT BE AUTHORIZED TO MAKE SUCH COVENANTS REGARDING THE USE OF THE ENCUMBERED PROPERTY AND OTHER MATTERS ARISING UNDER THE ENCUMBRANCE, ALL AS MAY BE DETERMINED BY THE BOARD OF DIRECTORS OF THE DISTRICT? YES: One (1) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO.4 BALLOT QUESTION Q (Transportation Services) Shall the Haymeadow Metropolitan District No. 4 be authorized to provide transportation services and exercise the power to establish, maintain, and operate a system to transport the public by bus, rail, or any other means of convenience, or any combination thereof, within and without the District boundaries, but only within Eagle County, Colorado, within which the District is located? YES: One (1) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 4 BALLOT QUESTION R (Waiver of Term Limits) Shall the limitations on terms of office of elected members of the Board of Directors of the Haymeadow Metropolitan District No. 4 be eliminated pursuant to Article XVIII, Section 11(2) of the Colorado Constitution? YES: One (1) NO: Zero (0) It is hereby identified and specified that: Total Number of Ballots Delivered to Electors (including UOCAVA ballots): Total Number of Ballots Voted Three (3) (including UOCAVA ballots): Two (2) Number of Ballots Returned Undelivered: Zero (0) Number of Spoiled Ballots (Replacement Ballot issued): One (1) Number of Rejected Ballots: One (1) Number of Defective Ballots: Zero (0) Number of Substitute Ballots Voted: Zero (0) Number of Unofficial Ballots Voted: Zero (0) Total Number of Ballots Returned to Designated Election Official (including UOCAVA ballots): Certified this 4th day of November, 2014. Two (2) Judge Of ill -(1-kAC kPv/x,(X ElectionAudge CANVASS BOARD'S CER! !CATE OF DETERMINATION OF OFFICIAL ELECTION RESULTS FOR THE SPECIAL ORGANIZATION ELECTION HELD NOVEMBER 4, 2014 FOR THE HAYMEADOW METROPOLITAN DISTRICT NO. 5 Each of the undersigned members of the Canvass Board of the Haymeadow Metropolitan District No. 5 ("District") certifies that the following is a true and correct determination of the official election results of the special organization election of the District, at which time the eligible electors of the District voted as indicated on the attached Judges' Certificate of Election Returns, and as a result of which the eligible electors elected to office the following Directors: Jens M. Werner Term to May, 2018 P.O. Box 2964 Avon, Colorado 81620 Richard J. Pyhnan Term to May, 2018 P.O. Box 1195, Edwards, Colorado 81632 Vacancy Term to May, 2018 Vacancy Term to May, 2016 Vacancy Term to May, 2016 The votes cast for and against each ballot issue and ballot question submitted were as follows: HAYMEADOW METROPOLITAN DISTRICT NO. 5 BALLOT QUESTION A: Shall Haymeadow Metropolitan District No. 5 be organized? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 5 BALLOT ISSUE B: SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 5 TAXES BE INCREASED $50,000 ANNUALLY (FIRST FULL FISCAL YEAR INCREASE) AND BY SUCH OTHER AMOUNTS COLLECTED IN EACH YEAR THEREAFTER FROM A MILL LEVY IMPOSED AT A RATE NOT TO EXCEED 50.000 MILLS (WITH THE ACTUAL MILL LEVY RATE FOR ANY FISCAL YEAR TO BE ADJUSTED DOWNWARDS OR UPWARDS BY THE BOARD OF DIRECTORS IN ITS DISCRETION) TO PAY THE DISTRICT'S ADMINISTRATION, OPERATIONS, MAINTENANCE, CAPITAL IMPROVEMENT AND OTHER EXPENSES WITHOUT LIMITATION; PROVIDED THAT SUCH MILL LEVY MAY BE ADJUSTED (A) TO ACCOUNT FOR CHANGES IN THE LAW OR THE METHOD BY WHICH ASSESSED VALUATION IS CALCULATED, INCLUDING A (00416777.DOC I} CHANGE IN THE PERCENTAGE OF ACTUAL VALUATION USED TO DETERMINE ASSESSED VALUATION, (B) TO OFFSET ANY PROPERTY TAX CUT OR LIMIT WHICH IS MANDATED BY ARTICLE X, SECTION 20 OR OTHER PROVISIONS OF THE • COLORADO CONSTITUTION, AS IT CURRENTLY EXISTS OR AS IT MAY BE AMENDED, AND (C) TO OFFSET REFUNDS AND ABATEMENTS; AND SHALL THE PROCEEDS OF SUCH TAXES AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION, SECTION 29-1-301, C.R.S., OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 5 BALLOT ISSUE C: (Debt for Parks and Recreation) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 5 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 5 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING PARKS AND RECREATION IMPROVEMENTS AND PROGRAMS AS AUTHORIZED BY LAW, INCLUDING WITHOUT LIMITATION PARKS, TRAILS, PATHS AND OPEN SPACE, TOGETHER WITH ALL NECESSARY, INCIDENTAL. AND APPURTENANT FACILITIES, LAND AND EASEMENTS, AND ALL EXTENSIONS OF AND IMPROVEMENTS TO SUCH FACILITIES WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMNE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL {00416777.DOC I} LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: Two (2) NO: Zero (0) HAYNLEADOW METROPOLITAN DISTRICT NO. 5 BALLOT ISSUE D: (Debt for Drainage) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 5 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 5 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LI I-NS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING A STORMWATER MANAGEMENT SYSTEM, INCLUDING WITHOUT LIMITATION STORMWATER, SEWER, FLOOD AND SURFACE DRAINAGE FACILITIES AND SYSTEMS, DETENTION/RETENTION PONDS AND ASSOCIATED DRAINAGE FACILITIES, TOGETHER WITH ALL NECESSARY, INCIDENTAL AND APPURTENANT FACILIT i FS, LAND AND EASEMENTS, AND ALL EXTENSIONS OF AND IMPROVEMENTS TO SUCH FACILITTES WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN {00416777.DOC EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 5 BALLOT ISSUE E: (Debt for Street Improvements) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 5 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 5 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING STREET, ROADWAY AND RELATED LANDSCAPING IMPROVEMENTS, INCLUDING CURBS, GUTTERS, CULVERTS, AND OTHER DRAINAGE FACILITIES, PEDESTRIAN WAYS, BRIDGES, ALLEYS, PARKING FACILITIES, PAVING, LIGHTING, GRADING, LANDSCAPING, IRRIGATION, AND STRUCTURES; AND STREET-RELATED ELECTRIC, TELEPHONE, AND GAS; TOGETHER WITH ALL NECESSARY, INCIDENTAL, AND APPURTENANT FACILITIES, LAND AND EASEMENTS, AND ALL EXTENSIONS OF AND IMPROVEMENTS TO SAID FACILIT I ES WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR {00416777.DOC I} EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFIC I INT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 5 BALLOT ISSUE F: (Debt for Water) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 5 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 5 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING COMPLETE POTABLE WATER SYSTEM AND A COMPLETE NONPOTABLE IRRIGATION WATER SYSTEM, INCLUDING BUT NOT LIMITED TO, WATER RIGHTS, WATER SUPPLY, TREATMENT, STORAGE, TRANSMISSION AND DISTRIBUTION SYSTEMS FOR PUBLIC OR PRIVATE PURPOSES, TOGETHER WITH ALL NECESSARY AND PROPER RESERVOIRS, TREATMENT WORKS AND FACILITIES, WELLS, WATER RIGHTS, EQUIPMENT AND APPURTENANCES INCIDENT THERETO WHICH MAY INCLUDE, BUT SHALL NOT BE LIMITED TO, TRANSMISSION LINES, DISTRIBUTION MAINS AND LATERALS, STORAGE FACILITIES, LAND AND EASEMENTS, TOGETHER WITH {00416777.DOC /} EXTENSIONS OF AND IMPROVEMENTS TO SAID FACILITIES OR SYSTEMS WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFIC1I-NT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: NO: Two (2) Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 5 BALLOT ISSUE G: (Debt for Sewer) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 5 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 5 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LTF,NS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING SANITARY SEWERS, WASTEWATER TREATMENT AND DISPOSAL WORKS AND FACTLIT I KS, WATER QUALITY FACILITIES, EQUIPMENT AND APPURTENANCES INCIDENT {00416777.DOC /} THERETO, TOGETHER WITH NECESSARY, INCIDENTAL AND APPURTENANT FACILITY VS, LAND AND EASEMENTS, AND ALL NECESSARY EXTENSIONS OF AND IMPROVEMENTS TO SAID FACILITIES OR SYSTEMS WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFIC i ENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 5 BALLOT ISSUE H: (Debt for Transportation) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 5 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 5 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING A SYSTEM TO TRANSPORT THE PUBLIC BY BUS, RAIL, OR ANY OTHER MEANS OF • {00416777.DOC :.CONVEYANCE, OR ANY COMBINATION THEREOF, TOGETHER WITH ALL NECESSARY, INCIDENTAL AND APPURTENANT FACILITIES, LAND AND EASEMENTS, AND ALL EXTENSIONS OF AND IMPROVEMENTS TO SUCH FACILIT I VS WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 5 BALLOT ISSUE I: (Debt for Traffic and Safety Controls) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 5 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 5 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING TRAFFIC {00416777.DOC I) AND SAFETY CONTROLS AND DEVICES:ON STREETS AND HIGHWAYS AND AT RAILROAD CROSSINGS, TOGETHER WITH ALL NECESSARY, INCIDENTAL AND APPURTENANT FACILITI F.S, LAND AND EASEMENTS, AND ALL EXTENSIONS OF AND IMPROVEMENTS TO SUCH FACILITIES WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND TEE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: Two (2) NO: , Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO.5 BALLOT ISSUE J: (Debt for Mosquito Control) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 5 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO.5 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LTFNS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING [004167771)0C I} IMPROVEMENT-S.1'0 PROVIDE FOR THE ELIMINATION AND CONTROL OF MOSQUITOES, TOGETHER WITH ALL NECESSARY, INCIDENTAL AND APPURTENANT FACILITI KS, LAND AND EASEMENTS, AND ALL EXTENSIONS OF AND IMPROVEMENTS TO SUCH FACILITIES WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE. DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 5 BALLOT ISSUE K: (Debt for Fire Protection) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 5 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 5 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING FIRE {00416777.DOC I) PROTECTION, TOGETHER WITH ALL NECESSARY, INCIDENTAL AND APPURTENANT FACILITIES, LAND AND EASEMENTS, AND ALL EXTENSIONS OF AND IMPROVEMENTS TO SUCH FACILITIES WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 5 BALLOT ISSUE L: (Debt for Refunding) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 5 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 5 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF REFUNDING, PAYING, OR DEFEASING, IN WHOLE OR IN PART, BONDS, NOTES, OR OTHER FINANCIAL OBLIGATIONS OF THE DISTRICT; SUCH DEBT TO BEAR INTEREST ATA RATE TO BE DETERMINED BY THE DISTRICT BOARD, WHICH INTEREST RATE MAY BE HIGHER THAN THE (00416777.DOC I) INTER _EST RATE BORNE BY:THE OBLIGATIONS BEING REFUNDED BUT IN NQ EVENT SHALL THE NET EFFECTIVE INTEREST RATE EXCEED 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; THE PRINCIPAL' AMOUNT OF SUCH DEBT, TOGETHER WITH ALL OTHER DEBT OF THE DISTRICT AUTHORIZED BY ANY OTHER BALLOT QUESTION AND ALL DEBT ISSUED BY HAYMEADOW METROPOLITAN DISTRICT NOS. 1 TO 4 AND 6, NOT TO EXCEED AN AGGREGATE OF $35,000,000; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING WITHOUT LIMITATION FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICE ENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT. BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 5 BALLOT ISSUE M: (Intergovernmental Agreements with the State or Political Subdivisions) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 5 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 5 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT AND MULTIPLE-FISCAL YEAR OBLIGATIONS; SUCH DEBT AND OBLIGATIONS TO CONSIST OF ONE OR MORE INTERGOVERNMENTAL AGREEMENTS WITH THE STATE OR ANY POLITICAL SUBDIVISION OF THE STATE, INCLUDING THE TOWN OF EAGLE, COLORADO, AND HAYMEADOW METROPOLITAN DISTRICT NOS. 1 TO 4, AND 6, FOR THE PURPOSE OF JOINTLY FINANCING THE COSTS OF ANY PUBLIC IMPROVEMENTS, FACILIT SYSTEMS, PROGRAMS, OR PROJECTS WHICH THE DISTRICT MAY LAWFULLY PROVIDE, OR {00416777.DOC FOR:THE PURPOSE OF PROVIDING FOR THE OPERATIONS AND MAINTENANCE OF . THE DISTRICT AND ITS FACILITIES AND PROPERTIES; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM THE DISTRICT'S OPERATING MILL LEVY IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH T ESSER AMOUNT AS MAY BE NECESSARY FOR THE PURPOSES SPECIFIED ABOVE; AND IN CONNECTION THEREWITH SHALL THE DISTRICT BE AUTHORIZED TO MAKE COVENANTS REGARDING THE ESTABLISHMENT AND USE OF AD VALOREM TAXES, RATES, FEES, TOLLS, PENALTIES, AND OTHER CHARGES OR REVENUES OF THE DISTRICT, AND COVENANTS, REPRESENTATIONS, AND WARRANTIES AS TO OTHER MATTERS ARISING UNDER THE AGREEMENTS, ALL AS MAY BE DETERMINED BY THE BOARD OF DIRECTORS OF THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 5 BALLOT ISSUE N: (TABOR Exemption for Revenue) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 5 BE AUTHORIZED TO COLLECT, RETAIN, AND SPEND ANY AND ALL AMOUNTS ANNUALLY FROM ANY REVENUE SOURCES WHATSOEVER (INCLUDING WITHOUT LIMITATION ANY REVENUES FROM AD VALOREM PROPERTY TAXES, TAXES, SPECIFIC OWNERSHIP TAXES, FEES, RATES, TOLLS, PENALTIES, OR CHARGES, STATE, FEDERAL AND PRIVATE GRANTS AND GIFTS, OR ANY OTHER SOURCE); AND SHALL SUCH REVENUES BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER AS A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, REVENUE-RAISING, • OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 5 BALLOT ISSUE 0: (Developer Agreements) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 5 BE AUTHORIZED TO ENTER INTO AGREEMENTS WITH ANY DEVELOPER OF PROPERTY IN THE DISTRICT FOR THE PURPOSE OF FINANCING THE COSTS OF ANY PUBLIC IMPROVEMENTS, FACILITIES, SYSTEMS, OR PROJECTS WHICH THE DISTRICT MAY LAWFULLY PROVIDE, WHICH AGREEMENTS MAY CONSTITUTE DEBT OR INDEBTEDNESS AND MULTIPLE-FISCAL YEAR OBLIGATIONS OF THE DISTRICT TO THE EXTENT PROVIDED THEREIN AND OTHERWISE AUTHORIZED BY LAW, AND IN- {00416777.DOC/}. rg..454.1 147.-3 , _ L CONNECTION THEREWITH SHALL THE DISTRICT BE AUTHORIZED TO AGREE TO PAY SPECIE i HD REVENUES OF THE DISTRICT TO THE DEVELOPERS, TO MAKE COVENANTS REGARDING THE REVENUES OF THE DISTRICT, AND TO MAKE COVENANTS, REPRESENTATIONS, AND WARRANT (1-1S AS TO OTHER MATTERS ARISING UNDER THE AGREEMENTS, ALL AS MAY BE DETERMINED BY THE BOARD OF DIRECTORS OF THE DISTRICT? YES: NO: Two (2) Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO.5 BALLOT ISSUE P: (Mortgage of Property) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 5 BE AUTHORIZED TO ISSUE, CREATE, EXECUTE, AND DELIVER MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, WHETHER NOW OWNED OR HEREAFTER ACQUIRED, AND INCLUDING WITHOUT. LIMITATION WATER AND WATER RIGHTS, SUCH ENCUMBRANCES OF THE DISTRICT AND OF HAYMEADOW METROPOLITAN DISTRICT NOS. 1 TO 4, AND 6 TO BE IN THE AGGREGATE PRINCIPAL AMOUNT NOT TO EXCEED $35,000,000, PLUS INTEREST THEREON AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, ALL AS MAY BE DETERMINED BY THE BOARD OF DIRECTORS TO BE NECESSARY OR APPROPRIATE IN CONNECTION WITH THE ISSUANCE OF BONDS, NOTES, CONTRACTS, OR OTHER FINANCIAL OBLIGATIONS OF THE DISTRICT; SUCH ENCUMBRANCES TO BE CREATED FOR THE PURPOSE OF PROVIDING ADDITIONAL SECURITY FOR DISTRICT FINANCIAL OBLIGATIONS, AND TO BE CREATED AT ONE TIME OR FROM TIME TO TIME; SUCH MORTGAGES, DEEDS OF TRUST, Li FNS, OR OTHER ENCUMBRANCES TO ENTITLE THE OWNER OR BENEFICIARY THEREOF TO FORECLOSE UPON AND TAKE TITLE TO AND POSSESSION OF THE DISTRICT PROPERTY SO ENCUMBERED, AND IN CONNECTION THEREWITH SHALL THE DISTRICT BE AUTHORIZED TO MAKE SUCH COVENANTS REGARDING THE USE OF THE ENCUMBERED PROPERTY AND OTHER MATTERS ARISING UNDER THE ENCUMBRANCE, ALL AS MAY BE DETERMINED BY THE BOARD OF DIRECTORS OF THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO.5 BALLOT QUESTION Q (Transportation Services) Shall the Haymeadow Metropolitan District No. 5 be authorized to provide transportation services and exercise the power to establish, maintain, and operate a system to transport the (00416777330C I} YES: NO: CERTIFIED this 5th day of Nov her, Designated E Official Two (2) Zero (0) public by bus, rail, or any other means of convenience, or any combination thereof, within and without the District boundaries, but only within Eagle County, Colorado, within which the District is located? YES: Two (2) . NO: Zero (0) IIAYMEADOW METROPOLITAN DISTRICT NO. 5 BALLOT QUESTION R (Waiver of Tenn Limits) Shall the limitations on terms of office of elected members of the Board of Directors of the Haymeadow Metropolitan District No. 5 be eliminated pursuant to Article XVIII, Section 11(2) of the Colorado Constitution? Contact Person for District: Da eher Collins Cockrel & Cole Business Address: 390 Union Boulevard, Suite 400 Denver, Colorado 80228 Telephone Number: (303) 986-1551 _.{00416777.DOC t:gt2:5-:=05:€-Y5IFff:c7.1jty,=.7W-W-,9 EXHIBIT A (Attach Judges' Certificate of Election Returns) {00416777.DOC JUDGES' CERTIFICATE OF MAIL BALLOT ELECTION RETURNS AND STATEMENT OF BALLOTS FOR HAYMEADOW METROPOLITAN DISTRICT NO. 5 IT IS HEREBY CERTIF I FD by the undersigned, who conducted the mail ballot election held in the Haymeadow Metropolitan District No. 5, in Eagle County, Colorado, on the 4th day of November, 2014, that after qualifying by swearing and subscribing to their Oaths of Office, they opened the polls at 7:00 a.m., and that they kept the polls open continuously until the hour of 7:00 p.m. on such date, after which they counted the ballots. cast for Directors of the District and for the ballot issues and ballot questions submitted in accordance with the Colorado' Local Government Election Code. That the votes cast for Director of the District to act until the first regular election in May, 2016: CANDIDATE FOR DIRECTOR There were no candidates That the votes cast for Director of the District to act until the second regular election in May, 2018: CANDIDATE FOR DIRECTOR NUMBER OF VOTES CAST Jens M. Werner Two (2) Richard Pylman Two (2) That the votes cast for and against the ballot questions and ballot issues submitted were as follows: HAYMEADOW METROPOLITAN DISTRICT NO. 5 BALLOT QUESTION A: Shall Haymeadow Metropolitan District No. 5 be organized? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 5 BALLOT ISSUE B: SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 5 TAXES BE INCREASED $50,000 ANNUALLY (FIRST FULL FISCAL YEAR INCREASE) AND BY SUCH OTHER AMOUNTS COLLECTED IN EACH YEAR THEREAFTER FROM A MILL LEVY IMPOSED AT A RATE NOT TO EXCEED 50.000 MILLS (WITH THE ACTUAL MILL LEVY RATE FOR ANY FISCAL YEAR TO BE ADJUSTED DOWNWARDS OR UPWARDS BY THE BOARD OF DIRECTORS IN ITS DISCRETION) TO PAY THE DISTRICT'S ADMINISTRATION, OPERATIONS, MAINTENANCE, CAPITAL IMPROVEMENT AND OTHER EXPENSES WITHOUT LIMITATION; PROVIDED THAT SUCH MILL LEVY MAY BE ADJUSTED (A) TO ACCOUNT FOR CHANGES IN THE LAW OR THE METHOD BY WHICH ASSESSED VALUATION IS CALCULATED, INCLUDING A CHANGE IN THE PERCENTAGE OF ACTUAL VALUATION USED TO DETERMINE ASSESSED VALUATION, (B) TO OFFSET ANY PROPERTY TAX CUT OR LIMIT WHICH IS MANDATED BY ARTICLE X, SECTION 20 OR OTHER PROVISIONS OF THE COLORADO CONSTITUTION, AS IT CURRENTLY EXISTS OR AS IT MAY BE AMENDED, AND (C) TO OFFSET REFUNDS AND ABATEMENTS; AND SHALL THE PROCEEDS OF SUCH TAXES AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION, SECTION 29-1-301, C.R.S., OR ANY OTHER LAW, AND WITHOUT LIMITING IN YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 5 BALLOT ISSUE C: (Debt for Parks and Recreation) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 5 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 5 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING PARKS AND RECREATION IMPROVEMENTS AND PROGRAMS AS AUTHORIZED BY LAW, INCLUDING WITHOUT LIMITATION PARKS, TRAILS, PATHS AND OPEN SPACE, TOGETHER WITH ALL NECESSARY, INCIDENTAL AND APPURTENANT FACILITIES, LAND AND EASEMENTS, AND ALL EXTENSIONS OF AND IMPROVEMENTS TO SUCH FACILITIES WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL . LEVY IMPOSED WITHOUT LIMITATION OF =RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFIC I HNT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED 'WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: Two (2) NO: Zero (0) - HAYMEADOW METROPOLITAN DISTRICT NO. 5 BALLOT ISSUE D: (Debt for Drainage) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 5 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 5 TAXES BE INCREASED $41;300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING A STORMWATER MANAGEMENT SYSTEM, INCLUDING WITHOUT LIMITATION STORMWATER, SEWER, FLOOD AND SURFACE DRAINAGE FACILITIES AND SYSTEMS, DETENTION/RETENTION PONDS AND ASSOCIATED DRAINAGE FACILITIES, TOGETHER WITH ALL NECESSARY, INCIDENTAL AND APPURTENANT FACILITIES, LAND AND EASEMENTS, AND ALL EXTENSIONS OF AND IMPROVEMENTS TO SUCH FACILITIES WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES. OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN- ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: Two (2) NO: • Zero (0) HAY-MEADOW METROPOLITAN DISTRICT NO. 5 BALLOT ISSUE E: (Debt for Street Improvements) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 5 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 5 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING STREET, ROADWAY AND RELATED LANDSCAPING IMPROVEMENTS, INCLUDING CURBS, GUTTERS, CULVERTS, AND OTHER DRAINAGE FACILITIES, PEDESTRIAN WAYS, BRIDGES, ALLEYS, PARKING FACILIT I tiS, PAVING, LIGHTING, GRADING, LANDSCAPING, IRRIGATION, AND STRUCTURES; AND STREET-RELATED ELECTRIC, TELEPHONE, AND GAS; TOGETHER WITH ALL NECESSARY, INCIDENTAL, AND APPURTENANT FACILITIES, LAND AND EASEMENTS, AND ALL EXTENSIONS OF AND IMPROVEMENTS TO SAID FACILITIES WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFIC ENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IP ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 5 BALLOT ISSUE F: (Debt for Water) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 5 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 5 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LI ENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING COMPLETE POTABLE WATER SYSTEM AND A COMPLETE NONPOTABLE IRRIGATION WATER SYSTEM, INCLUDING BUT NOT LIMITED TO, WATER RIGHTS, WATER SUPPLY, TREATMENT, STORAGE, TRANSMISSION AND DISTRIBUTION SYSTEMS FOR PUBLIC OR PRIVATE PURPOSES, TOGETHER WITH ALL NECESSARY AND PROPER RESERVOIRS, TREATMENT WORKS AND FACILITIES, WELLS, WATER RIGHTS, EQUIPMENT AND APPURTENANCES INCIDENT THERETO WHICH MAY INCLUDE, BUT SHALL NOT BE LIMITED TO, TRANSMISSION LINES, DISTRIBUTION MAINS AND LATERALS, STORAGE FACILITIES, LAND AND EASEMENTS, TOGETHER WITH EXTENSIONS OF AND IMPROVEMENTS TO SAID FACILITIES OR SYSTEMS WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH-TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: NO: Two (2) Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 5 BALLOT ISSUE G: (Debt for Sewer) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 5 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 5 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF. TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING SANITARY SEWERS, WASTEWATER TREATMENT AND DISPOSAL WORKS AND FACILITIES, WATER QUALITY FACILITIES, EQUIPMENT AND APPURTENANCES INCIDENT THERETO, TOGETHER WITH ALL NECESSARY, INCIDENTAL AND APPURTENANT FACILIT 114,S, LAND AND EASEMENTS, AND ALL NECESSARY EXTENSIONS OF AND IMPROVEMENTS TO SAID FACILITIES OR SYSTEMS WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER-ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT;. AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: NO: Two (2) Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 5 BALLOT ISSUE H: (Debt for Transportation) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 5 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000,-AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 5 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING A SYSTEM TO TRANSPORT THE PUBLIC BY BUS, RAIL, OR ANY OTHER MEANS OF CONVEYANCE, OR ANY COMBINATION THEREOF, TOGETHER WITH ALL NECESSARY, INCIDENTAL AND APPURTENANT FACILITIES, LAND AND EASEMENTS, AND ALL EXTENSIONS OF AND IMPROVEMENTS TO SUCH FACILITIES WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH . DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH-`TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE; INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO.5 BALLOT ISSUE I: (Debt for Traffic and Safety Controls) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 5 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO.5 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING TRAFFIC AND SAFETY CONTROLS AND DEVICES ON STREETS AND HIGHWAYS AND AT RAILROAD CROSSINGS, TOGETHER WITH ALL NECESSARY, INCIDENTAL AND APPURTENANT FACILITIES, LAND AND EASEMENTS, AND ALL EXTENSIONS OF AND IMPROVEMENTS TO SUCH FACILITIES WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN- ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 5 BALLOT ISSUE J: (Debt for Mosquito Control) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 5 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 5 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LI ENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING IMPROVEMENTS TO PROVIDE FOR THE ELIMINATION AND CONTROL OF MOSQUITOES, TOGETHER WITH ALL NECESSARY, INCIDENTAL AND APPURTENANT FACILITIES, LAND AND EASEMENTS, AND ALL EXTENSIONS OF AND IMPROVEMENTS TO SUCH FACILITIES WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY:AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS. OF THE DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY TEE DISTRICT BOARD AND IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY; AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A • VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO.5 BALLOT ISSUE K: (Debt for Fire Protection) SHALL HAYMEADOW METROPOLITAN DISTRICT NO 5 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO.5 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING FIRE PROTECTION, TOGETHER WITH ALL NECESSARY, INCIDENTAL AND APPURTENANT FACILITIES, LAND AND EASEMENTS, AND ALL EXTENSIONS OF AND IMPROVEMENTS TO SUCH FACILITIES WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO - THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 5 BALLOT ISSUE L: (Debt for Refunding) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 5 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 5 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF REFUNDING, PAYING, OR DEFEASING, IN WHOLE OR IN PART, BONDS, NOTES, OR OTHER FINANCIAL OBLIGATIONS OF THE DISTRICT; SUCH DEBT TO BEAR INTEREST AT A RATE TO BE DETERMINED BY THE DISTRICT BOARD, WHICH INTEREST RATE MAY BE HIGHER THAN THE INTEREST RATE BORNE BY THE OBLIGATIONS BEING REFUNDED BUT IN NO EVENT SHALL THE NET EFFECTIVE INTEREST RATE EXCEED 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED;"--THEPRINCIPAL AMOUNT OF SUCH DEBT, TOGETHER WITH ALL OTHER DEBT OF THE DISTRICT AUTHORIZED BY ANY OTHER BALLOT QUESTION AND ALL DEBT ISSUED BY HAYMEADOW METROPOLITAN DISTRICT NOS. 1 TO 4 AND 6, NOT TO EXCEED AN AGGREGATE OF $35,000,000; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING WITHOUT LIMITATION FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICI FiNT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: NO: Two (2) Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 5 BALLOT ISSUE M: (Intergovernmental Agreements with the State or Political Subdivisions) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 5 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 5 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT AND MULTIPLE-FISCAL YEAR OBLIGATIONS; SUCH DEBT AND OBLIGATIONS TO CONSIST OF ONE OR MORE INTERGOVERNMENTAL AGREEMENTS WITH THE STATE OR ANY POLITICAL SUBDIVISION OF THE STATE, INCLUDING THE TOWN OF EAGLE, COLORADO, AND HAYMEADOW METROPOLITAN DISTRICT NOS. 1 TO 4, AND 6, FOR THE PURPOSE OF JOINTLY FINANCING THE COSTS OF ANY PUBLIC IMPROVEMENTS, FACILITIES, SYSTEMS, PROGRAMS, OR PROJECTS WHICH THE DISTRICT MAY LAWFULLY PROVIDE, OR FOR THE PURPOSE OF PROVIDING FOR THE OPERATIONS AND MAINTENANCE OF THE DISTRICT AND ITS FACILITIES AND PROPERTIES; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM THE DISTRICT'S OPERATING MILL LEVY IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY FOR THE PURPOSES SPECIFI KD ABOVE; AND IN CONNECTION THEREWITH SHALL THE DISTRICT BE AUTHORIZED TO MAKE COVENANTS REGARDING THE ESTABLISHMENT AND USE OF AD VALOREM TAXES, RATES, FEES, TOLLS, PENALTIES, AND OTHER CHARGES OR REVENUES OF THE DISTRICT, AND COVENANTS, REPRESENTATIONS, AND WARRANTIES. AS TO OTHER • MATTERS ARISING UNDER THE AGREEMENTS, ALL AS MAY BE DETERMINED BY THE BOARD OF DIRECTORS OF THE DISTRICT? YES: NO: Two (2) Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 5 BALLOT ISSUE N: (TABOR Exemption for Revenue) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 5 BE AUTHORIZED TO COLLECT, RETAIN, AND SPEND ANY AND ALL AMOUNTS ANNUALLY FROM ANY REVENUE SOURCES WHATSOEVER (INCLUDING WITHOUT LIMITATION ANY REVENUES FROM AD VALOREM PROPERTY TAXES, TAXES, SPECIFIC OWNERSHIP TAXES, FEES, RATES, TOLLS, PENALTIES, OR CHARGES, STATE, FEDERAI, AND PRIVATE GRANTS AND GIFTS, OR ANY OTHER SOURCE); AND SHALL SUCH REVENUES BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER AS A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 5 BALLOT ISSUE 0: (Developer Agreements) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 5 BE AUTHORIZED TO ENTER INTO AGREEMENTS WITH ANY DEVELOPER OF PROPERTY IN THE DISTRICT FOR THE PURPOSE OF FINANCING THE COSTS OF ANY PUBLIC IMPROVEMENTS, FACILITIES, SYSTEMS, OR PROJECTS WHICH THE DISTRICT MAY LAWFULLY PROVIDE, WHICH AGREEMENTS MAY CONSTITUTE DEBT OR INDEBTEDNESS AND MULTIPLE-FISCAL YEAR OBLIGATIONS OF THE DISTRICT TO THE EXTENT PROVIDED THEREIN AND OTHERWISE AUTHORIZED BY LAW, AND IN CONNECTION THEREWITH SHALL THE DISTRICT BE AUTHORIZED TO AGREE TO PAY SPECIFIED REVENUES OF THE DISTRICT TO THE DEVELOPERS, TO MAKE COVENANTS REGARDING THE REVENUES OF THE DISTRICT, AND TO MAKE COVENANTS, REPRESENTATIONS, AND WARRANTIES AS TO OTHER MATTERS ARISING UNDER THE AGREEMENTS, ALL AS MAY BE DETERMINED BY THE BOARD OF DIRECTORS OF THE DISTRICT? YES: Two (2) Zero (0) NO: HAYMEADOW METROPOLITAN DISTRICT-NO: 5 BALLOT ISSUE P: (Mortgage of Property) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 5 BE AUTHORIZED TO ISSUE, CREATE, EXECUTE, AND DELIVER MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, WHETHER NOW OWNED OR HEREAFTER ACQUIRED, AND INCLUDING WITHOUT LIMITATION WATER AND WATER RIGHTS, SUCH ENCUMBRANCES OF THE DISTRICT AND OF HAYMEADOW METROPOLITAN DISTRICT NOS. 1 TO 4, AND 6 TO BE IN THE AGGREGATE PRINCIPAL AMOUNT NOT TO EXCEED $35,000,000, PLUS INTEREST THEREON AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, ALL AS MAY BE DETERMINED BY THE BOARD OF DIRECTORS TO BE NECESSARY OR APPROPRIATE IN CONNECTION WITH THE ISSUANCE OF BONDS, NOTES, CONTRACTS, OR OTHER FINANCIAL OBLIGATIONS OF THE DISTRICT; SUCH ENCUMBRANCES TO BE CREATED FOR THE PURPOSE OF PROVIDING ADDITIONAL SECURITY FOR DISTRICT FINANCIAL OBLIGATIONS, AND TO BE CREATED AT ONE TIME OR FROM TIME TO TIME; SUCH MORTGAGES, DEEDS OF TRUST, LI FNS, OR OTHER ENCUMBRANCES TO ENTITLE THE OWNER OR BENEFICIARY THEREOF TO FORECLOSE UPON AND TAKE TITLE TO AND POSSESSION OF THE DISTRICT PROPERTY SO ENCUMBERED, AND IN CONNECTION THEREWITH SHALL THE DISTRICT BE AUTHORIZED TO MAKE SUCH COVENANTS REGARDING THE USE OF THE ENCUMBERED PROPERTY AND OTHER MATTERS ARISING UNDER THE ENCUMBRANCE, ALL AS MAY BE DETERMINED BY THE BOARD OF DIRECTORS OF THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 5 BALLOT QUESTION Q (Transportation Services) Shall the Haymeadow Metropolitan District No. 5 be authorized to provide transportation services and exercise; the power to establish, maintain, and operate a system to transport the public by bus, rail, or any other means of convenience, or any combination thereof, within and without the District boundaries, but only within Eagle County, Colorado, within which the District is located? YES: Two (2) NO: Zero (0) f3=7575: „ t - • HAYMEADOW METROPOLITAN DISTRICT NO. 5 BALLOT QUESTION R (Waiver of Term Limits) Shall the limitations on tennis of office of elected members of the Board of Directors of the Haymeadow Metropolitan District No. 5 be eliminated pursuant to Article XVIII, Section 11(2) of the Colorado Constitution? YES: Two (2) NO: Zero (0) It is hereby identified and specified that: Total Number of Ballots Delivered to Electors (including UOCAVA ballots): Total Number of Ballots Voted Three (3) (including UOCAVA ballots): Two (2) Number of Ballots Returned Undelivered: Zero (0) Number of Spoiled Ballots (Replacement Ballot issued): One (1) Number of Rejected Ballots: Zero (0) Number of Defective Ballots: Zero (0) Number of Substitute Ballots Voted: Zero (0) Number of Unofficial Ballots Voted: Zero (0) Total Number of Ballots Returned to Designated Election Official (including UOCAVA ballots): Certified this 4th day of November, 2014. Two (2) CANVASS BOARD'S CERTIFICATE OF DE TERMINATION OF OFFICIAL ELECTION RESULTS FOR THE SPECIAL ORGANIZATION ELECTION HELD NOVEMBER 4, 2014 FOR THE HAYMEADOW METROPOLITAN DISTRICT NO.6 Each of the undersigned members of the Canvass Board of the Haymeadow Metropolitan District No. 6 ("District") certifies that the following is a true and correct determination of the official election results of the special organization election of the District, at which time the eligible electors of the District voted as indicated on the attached Judges' Certificate of Election Returns, and as a result of which the eligible electors elected to office the following Directors: Jens M. Werner Term to May, 2018 P.O. Box 2964 Avon, Colorado 81620 Richard J. Pylman Term to May, 2018 P.O. Box 1195 Edwards, Colorado 81632 Vacancy Term to May, 2018 Vacancy Term to May, 2016 Vacancy Term to May, 2016 The votes cast for and against each ballot issue and ballot question submitted were as follows: HAYMEADOW METROPOLITAN DISTRICT NO.6 BALLOT QUESTION A: Shall Haymeadow Metropolitan District No. 6 be organized? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO.6 BALLOT ISSUE B: SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 6 TAXES BE INCREASED $50,000 ANNUALLY (FIRST FULL FISCAL YEAR INCREASE) AND BY SUCH OTHER AMOUNTS COLLECTED IN EACH YEAR THEREAFTER FROM A MILL LEVY IMPOSED AT A RATE NOT TO EXCEED 50.000 MILLS (WITH THE ACTUAL MILL LEVY RATE FOR ANY FISCAL YEAR TO BE ADJUSTED DOWNWARDS OR UPWARDS BY THE BOARD OF DIRECTORS IN ITS DISCRETION) TO PAY THE DISTRICT'S ADMINISTRATION, OPERATIONS, MAINTENANCE, CAPITAL IMPROVEMENT AND OTHER EXPENSES WITHOUT LIMITATION; PROVIDED THAT SUCH MILL LEVY MAY BE ADJUSTED (A) TO ACCOUNT FOR CHANGES IN THE LAW OR THE METHOD BY WHICH ASSESSED VALUATION IS CALCULATED, INCLUDING A (00416946.DOC /} CHANGE IN THE PERCENTAGE OF ACTUAL VALUATION USED TO DETERMINE ASSESSED VALUATION, (B) TO OFFSET ANY PROPERTY TAX CUT OR LIMIT WHICH IS MANDATED BY ARTICLE X, SECTION 20 OR OTHER PROVISIONS OF THE COLORADO CONSTITUTION, AS IT CURRENTLY EXISTS OR AS IT MAY BE AMENDED, AND (C) TO OFFSET REFUNDS AND ABATEMENTS; AND SHALL THE PROCEEDS OF SUCH TAXES AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION, SECTION 29-1-301, C.R.S., OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 6 BALLOT ISSUE C: (Debt for Parks and Recreation) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 6 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 6 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAYBE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, URNS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING PARKS AND RECREATION IMPROVEMENTS AND PROGRAMS AS AUTHORIZED BY LAW, INCLUDING WITHOUT LIMITATION PARKS, TRAILS, PATHS AND OPEN SPACE, , TOGETHER WITH ALL NECESSARY, INCIDENTAL AND APPURTENANT FACILITIES, LAND AND EASEMENTS, AND ALL EXTENSIONS OF AND IMPROVEMENTS TO SUCH FACILITIES WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL [00416946.DOC I} LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICE HNT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 6 BALLOT ISSUE D: (Debt for Drainage) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 6 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 6 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING A STORMWATER MANAGEMENT SYSTEM, INCLUDING WITHOUT LIMITATION STORMWATER, SEWER, FLOOD AND SURFACE DRAINAGE FACILITIES AND SYSTEMS, DETENTION/RETENTION PONDS AND ASSOCIATED DRAINAGE FACILITIES, TOGETHER WITH ALL NECESSARY, INCIDENTAL AND APPURTENANT FACILITIES, LAND AND EASEMENTS, AND ALL EXTENSIONS OF AND IMPROVEMENTS TO SUCH FACILITIES WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18%\ PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN {00416946.DOC /} EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 6 BALLOT ISSUE E: (Debt for Street Improvements) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 6 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 6 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING STREET, ROADWAY AND RELATED LANDSCAPING IMPROVEMENTS, INCLUDING CURBS, GUTTERS, CULVERTS, AND OTHER DRAINAGE FACILITIES, PEDESTRIAN WAYS, BRIDGES, ALLEYS, PARKING FACILITIES, PAVING, LIGHTING, GRADING, LANDSCAPING, IRRIGATION, AND STRUCTURES; AND STREET-RELATED ELECTRIC, TELEPHONE, AND GAS; TOGETHER WITH ALL NECESSARY, INCIDENTAL, AND APPURTENANT FACILITIES, LAND AND EASEMENTS, AND ALL EXTENSIONS OF AND IMPROVEMENTS TO SAID FACILITIES WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR {00416946.DOC /} EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 6 BALLOT ISSUE F: (Debt for Water) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 6 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 6 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING COMPLETE POTABLE WATER SYSTEM AND A COMPLETE NONPOTABLE IRRIGATION WATER SYSTEM, INCLUDING BUT NOT LIMITED TO, WATER RIGHTS, WATER SUPPLY, • TREATMENT, STORAGE, TRANSMISSION AND DISTRIBUTION SYSTEMS FOR PUBLIC OR PRIVATE PURPOSES, TOGETHER WITH ALL NECESSARY AND PROPER RESERVOIRS, TREATMENT WORKS AND FACILITIES, WELLS, WATER RIGHTS, EQUIPMENT AND APPURTENANCES INCIDENT THERETO WHICH MAY INCLUDE, BUT SHALL NOT BE LIMITED TO, TRANSMISSION LINES, DISTRIBUTION MAINS AND LATERALS, STORAGE FACILITIES, LAND AND EASEMENTS, TOGETHER WITH {00416946.DOC I} EXTENSIONS OF AND IMPROVEMENTS TO SAID FACILITIES OR SYSTEMS WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFIC ENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 6 BALLOT ISSUE G: (Debt for Sewer) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 6 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 6 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING SANITARY SEWERS, WASTEWATER TREATMENT AND DISPOSAL WORKS AND FACILITIES, WATER QUALITY FACILITIES, EQUIPMENT AND APPURTENANCES INCIDENT (00416946.DOC I} THERETO, TOGETHER WITH ALL NECESSARY, INCIDENTAL AND APPURTENANT FACILIT RS, LAND AND EASEMENTS, AND ALL NECESSARY EXTENSIONS OF AND IMPROVEMENTS TO SAID FACILITIES OR SYSTEMS WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICi HNT TO PRODUCE THE ANNUAL • INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 6 BALLOT ISSUE H: (Debt for Transportation) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 6 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 6 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING A SYSTEM TO TRANSPORT THE PUBLIC BY BUS, RAIL, OR ANY OTHER MEANS OF t00416946.DOC I) CONVEYANCE, OR ANY COMBINATION THEREOF, TOGETHER WITH ALL NECESSARY, INCIDENTAL AND APPURTENANT FACILITIES, LAND AND EASEMENTS, AND ALL EXTENSIONS OF AND IMPROVEMENTS TO SUCH FACILIT h'S WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED. TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 6 BALLOT ISSUE I: (Debt for Traffic and Safety Controls) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 6 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW MEIROPOLITAN DISTRICT NO. 6 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING TRAFFIC {00416946.DOC AND SAFETY CONTROLS AND DEVICES ON STREETS AND HIGHWAYS AND AT RAILROAD CROSSINGS, TOGETHER WITH ALL NECESSARY, INCIDENTAL AND APPURTENANT FACILITIES, LAND AND EASEMENTS, AND ALL EXTENSIONS OF AND IMPROVEMENTS TO SUCH FACILITIES WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICI ENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT . MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 6 BALLOT ISSUE J: (Debt for Mosquito Control) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 6 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 6 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL {00416946.DOC OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING IMPROVEMENTS TO PROVIDE FOR THE ELIMINATION AND CONTROL OF • MOSQUITOES, TOGETHER WITH ALL NECESSARY, INCIDENTAL AND APPURTENANT FACILITTFS, LAND AND EASEMENTS, AND ALL EXTENSIONS OF AND IMPROVEMENTS TO SUCH FACILIT HS WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST. TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT. AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT *BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 6 BALLOT ISSUE K: (Debt for Fire Protection) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 6 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 6 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO (00416946.DOC I) PAY THE DISTRICT'S DEBT; SUCHDEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING FIRE PROTECTION, TOGETHER WITH ALL NECESSARY; INCIDENTAL AND APPURTENANT FACILITIES, LAND AND EASEMENTS, AND ALL EXTENSIONS OF AND IMPROVEMENTS TO SUCH FACILITIES WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST, TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: Two (2) NO: Zero (0) HAY-MEADOW METROPOLITAN DISTRICT NO. 6 BALLOT ISSUE L: (Debt for Refunding) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 6 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO_ 6 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION {00416946.DOC /} BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF REFUNDING, PAYING, OR DEFEA_SING, IN WHOLE OR IN PART, BONDS, NOTES, OR OTHER FINANCIAL OBLIGATIONS OF THE DISTRICT; SUCH DEBT TO BEAR INTEREST AT A RATE TO BE DETERMINED BY THE DISTRICT BOARD, WHICH INTEREST RATE MAY BE HIGHER THAN THE INTEREST RATE BORNE BY THE OBLIGATIONS BEING REFUNDED BUT IN NO EVENT SHALL THE NET EFFECTIVE INTEREST RATE EXCEED 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE.ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; THE PRINCIPAL AMOUNT OF SUCH DEBT, TOGETHER WITH ALL OTHER DEBT OF THE DISTRICT AUTHORIZED BY ANY OTHER BALLOT QUESTION AND ALL DEBT ISSUED BY HAYMEADOW METROPOLITAN DISTRICT NOS. 1 TO 5, NOT TO EXCEED AN AGGREGATE OF $35,000,000; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING WITHOUT LIMITATION FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICIENT TO PRODUCE TI-I V. ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO 'PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR AI,IY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 6 BALLOT ISSUE M: (Intergovernmental Agreements with the State or Political Subdivisions) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 6 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 6 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO (00416946.DOC PAY THE DISTRICT'S DEBT AND MULTIPLE-FISCAL YEAR OBLIGATIONS; SUCH DEBT AND OBLIGATIONS TO CONSIST OF ONE OR MORE INTERGOVERNMENTAL AGREEMENTS WITH THE STATE OR ANY POLITICAL SUBDIVISION OF THE.STATE, INCLUDING THE TOWN OF EAGLE, COLORADO, AND HAYMEADOW METROPOLITAN DISTRICT NOS. 1 TO 5, FOR THE PURPOSE OF JOINTLY FINANCING THE COSTS OF ANY PUBLIC IMPROVEMENTS, FACILITIES, SYSTEMS, PROGRAMS, OR PROJECTS WHICH THE DISTRICT MAY LAWFULLY PROVIDE, OR FOR THE PURPOSE OF PROVIDING FOR THE OPERATIONS AND MAINTENANCE OF THE DISTRICT AND ITS FACILITIES AND. PROPERTIES; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM THE DISTRICT'S OPERATING MILL LEVY IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY FOR THE PURPOSES SPECIF I KD ABOVE; AND IN CONNECTION THEREWITH SHALL THE DISTRICT BE AUTHORIZED TO MAKE COVENANTS REGARDING TIM ESTABLISHMENT AND USE OF AD VALOREM TAXES, RATES, FEES, TOLLS, PENALTIES, AND OTHER CHARGES OR REVENUES OF THE DISTRICT, AND COVENANTS, REPRESENTATIONS, AND WARRANTIES AS TO OTHER MATTERS. ARISING UNDER THE AGREEMENTS, ALL AS MAY BE DETERMINED BY THE BOARD OF DIRECTORS OF THE DISTRICT? YES: Two (2) NO: Zero (0) • HAYMEADOW METROPOLITAN DISTRICT NO. 6 BALLOT ISSUE N: (TABOR Exemption for Revenue) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 6 BE AUTHORIZED TO COLLECT, RETAIN, AND SPEND ANY AND ALL AMOUNTS ANNUALLY FROM ANY REVENUE SOURCES WHATSOEVER (INCLUDING WITHOUT LIMITATION ANY REVENUES FROM AD VALOREM PROPERTY TAXES, TAXES, SPECIFIC OWNERSHIP TAXES, FEES, RATES, TOLLS, PENALTIES, OR CHARGES, STATE, FEDERAL AND PRIVATE GRANTS AND GIFTS, OR ANY OTHER SOURCE); AND SHALL SUCH REVENUES BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER AS A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: Two (2) NO: Zero (0) {00416946.DOC I) HAYMEADOW METROPOLITAN DISTRICT NO. 6 BALLOT ISSUE 0: (Developer Agreements) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 6 BE AUTHORIZED TO ENTER INTO AGREEMENTS WITH ANY DEVELOPER OF PROPERTY IN THE DISTRICT FOR THE PURPOSE OF FINANCING THE COSTS OF ANY PUBLIC IMPROVEMENTS, FACILITIES, SYSTEMS, OR PROJECTS WHICH THE DIS'IRICT MAY LAWFULLY PROVIDE, WHICH AGREEMENTS MAY CONSTITUTE DEBT OR INDEBTEDNESS AND MULTIPLE-FISCAL YEAR OBLIGATIONS OF THE DISTRICT TO THE EXTENT PROVIDED THEREIN AND OTHERWISE AUTHORIZED BY LAW, AND IN CONNECTION THEREWITH SHALL THE DISTRICT BE AUTHORIZED TO AGREE TO PAY SPECIFIED REVENUES OF THE DISTRICT TO THE DEVELOPERS, TO MAKE COVENANTS REGARDING THE REVENUES OF THE DISTRICT, AND TO MAKE • COVENANTS, REPRESENTATIONS, AND WARRANT! HS AS TO OTHER MATTERS ARISING UNDER THE AGREEMENTS, ALL AS MAY BE DETERMINED BY THE BOARD OF DIRECTORS OF THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 6 BALLOT ISSUE P: (Mortgage of Property) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 6 BE AUTHORIZED TO ISSUE, CREATE, EXECUTE, AND DELIVER MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, WHETHER NOW OWNED OR HEREAFTER ACQUIRED, AND INCLUDING WITHOUT LIMITATION WATER AND WATER RIGHTS, SUCH ENCUMBRANCES OF THE DISTRICT AND OF HAYMEADOW METROPOLITAN DISTRICT NOS. 1 TO 5, TO/BE IN THE AGGREGATE PRINCIPAL AMOUNT NOT TO EXCEED $35,000,000, PLUS INTEREST THEREON AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, ALL AS MAY BE DETERMINED BY THE BOARD OF DIRECTORS TO BE NECESSARY OR APPROPRIATE IN CONNECTION WITH THE ISSUANCE OF BONDS, NOTES, CONTRACTS, OR OTHER FINANCIAL OBLIGATIONS OF THE DISTRICT; SUCH ENCUMBRANCES TO BE CREATED FOR THE PURPOSE OF PROVIDING ADDITIONAL SECURITY FOR DISTRICT FINANCIAL OBLIGATIONS, AND TO BE CREATED AT ONE TIME OR FROM TIME TO TIME; SUCH MORTGAGES, DEEDS OF TRUST, LIENS, OR OTHER ENCUMBRANCES TO ENTITLE THE OWNER OR BENEFICIARY THEREOF TO FORECLOSE UPON AND TAKE TITLE TO AND POSSESSION OF THE DISTRICT PROPERTY SO ENCUMBERED, AND IN CONNECTION THEREWITH SHALL THE DISTRICT BE AUTHORIZED TO MAKE SUCH COVENANTS REGARDING THE USE OF THE ENCUMBERED PROPERTY AND OTHER (00416946.DOC I) • MATTERS ARISING UNDER THE ENCUMBRANCE, ALL AS MAY BE DETERMINED BY THE BOARD OF DIRECTORS OF THE DISTRICT? YES: Two (2) Zero (0) NO: HAYMEADOW METROPOLITAN DISTRICT NO.. 6 BALLOT QUESTION (Transportation Services) Shall the Haymeadow Metropolitan District No. 6 be authorized to provide transportation services and exercise the power to establish, maintain, and operate a system to transport the public by bus, rail, or any other means of convenience, or any combination thereof, within and without the District boundaries, but only within Eagle County, Colorado, within which the District is located? YES: NO: Two (2) Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 6 BALLOT QUESTION R (Waiver of Term Limits) Shall the limitations on terms of office of elected members of the Board of Directors of the Haymeadow Metropolitan District No. 6 be eliminated pursuant to Article XVIII, Section 11(2) of the Colorado Constitution? YES: NO: CERTIFIED this 5th day of November, 20 Two (2) Zero (0) Contact Person for District: Business Address: Telephone Number: Designated Electi David A. Greh r C•llins Cockr: & Cole 3 Union B ,,ulevard, Suite 400 Den orado 80228 (303) 986-1551 {00416946.DOC EXHIBIT A (Attach Judges' Certificate of Election Returns) {00416946.DOC /} JUDGES' CERTIFICATE OF MAIL BALLOT ELECTION. RETURNS AND STATEMENT OF BALLOTS FOR HAYMEADOW METROPOLITAN DISTRICT NO. 6 IT IS HEREBY CERTIFIED by the undersigned, who conducted the mail ballot election held in the Haymeadow Metropolitan District No. 6, in Eagle County, Colorado, on the 4th day of November, 2014, that after qualifying by swearing and subscribing to their Oaths of Office, they opened the polls at 7:00 a.m., and that they kept the polls open continuously,until the hour of 7:00 p.m. on such date, after which they counted the ballots cast for Directors of the District and for the ballot issues and ballot questions submitted in accordance with the Colorado Local Government Election Code. That the votes cast for Director of the District to act until the first regular election in May, 2016: CANDIDATE FOR DIRECTOR There were no candidates That the votes cast for Director of the District to act until the second regular election in May, 2018: ' CANDIDATE FOR DIRECTOR NUMBER OF VOTES CAST Jens M. Werner Two (2) Richard_ Pylman Two (2) That the votes cast for and against the ballot questions and ballot issues submitted were as follows: HAYMEADOW METROPOLITAN DISTRICT NO. 6 BALLOT QUESTION A: Shall Haymeadow Metropolitan District No. 6 be organized? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 6 BALLOT ISSUE B: SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 6 TAXES BE INCREASED $50,000 ANNUALLY (FIRST FULL FISCAL YEAR INCREASE) AND BY SUCH. OTHER AMOUNTS COLLECTED IN EACH YEAR THEREAFTER FROM A MILL LEVY IMPOSED AT A RATE NOT TO EXCEED 50.000 MILLS (WITH THE ACTUAL MILL LEVY RATE FOR ANY FISCAL YEAR TO BE ADJUSTED DOWNWARDS OR UPWARDS BY THE BOARD OF DIRECTORS IN ITS DISCRETION) TO PAY THE DISTRICT'S ADMINISTRATION, OPERATIONS, MAINTENANCE, CAPITAL IMPROVEMENT AND OTHER EXPENSES WITHOUT LIMITATION; PROVIDED THAT SUCH MILL LEVY MAY BE ADJUSTED (A) TO ACCOUNT FOR CHANGES IN THE LAW OR THE METHOD BY WHICH ASSESSED VALUATION IS CALCULATED, INCLUDING A CHANGE IN THE PERCENTAGE OF ACTUAL VALUATION USED TO DETERMINE ASSESSED VALUATION, (B) TO OFFSET ANY PROPERTY TAX CUT OR LIMIT WHICH IS MANDATED BY ARTICLE X, SECTION 20 OR OTHER PROVISIONS OF THE COLORADO CONSTITUTION, AS IT CURRENTLY EXISTS OR AS IT MAY BE AMENDED, AND (C) TO OFFSET REFUNDS AND ABATEMENTS; AND SHALL THE PROCEEDS OF SUCH TAXES AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION, SECTION 29-1-301, C.R.S., OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: Two (2) NO: Zero (0) HAY1VrEADOW METROPOLITAN DISTRICT NO. 6 BALLOT ISSUE C: (Debt for Parks and Recreation) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 6 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 6 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING PARKS AND RECREATION IMPROVEMENTS AND PROGRAMS AS AUTHORIZED BY LAW, INCLUDING WITHOUT LIMITATION PARKS, TRAILS, PATHS AND OPEN SPACE, TOGETHER WITH ALL NECESSARY, INCIDENTAL AND APPURTENANT FACILITIES, LAND AND EASEMENTS, AND ALL EXTENSIONS OF AND IMPROVEMENTS TO SUCH FACILIT I S WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE. OR WITFISUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 6 BALLOT ISSUE D: (Debt for Drainage) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 6 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 6 TAXES BE INCREASED $41,300,000 'ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO .PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF. PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING A STORMWATER MANAGEMENT SYSTEM, INCLUDING WITHOUT LIMITATION STORMWATER, SEWER, FLOOD AND SURFACE DRAINAGE FACILITIES AND SYSTEMS, DETENTION/RETENTION PONDS AND ASSOCIATED DRAINAGE FACILIT I HS, TOGETHER WITH ALL NECESSARY, INCIDENTAL AND APPURTENANT . FACILIT I HS, LAND AND EASEMENTS, AND ALL EXTENSIONS OF AND IMPROVEMENTS TO SUCH FACILITIES WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO • MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF' THE DISTRICT, INCLUDING- FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 6 BALLOT ISSUE E: (Debt for Street Improvements) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 6 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO_ 6 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING STREET, ROADWAY AND RELATED LANDSCAPING IMPROVEMENTS, INCLUDING CURBS, GUTTERS, CULVERTS, AND OTHER DRAINAGE FACILITIES, PEDESTRIAN WAYS, BRIDGES, ALLEYS, PARKING FACILITIF,S, PAVING, LIGHTING, GRADING, LANDSCAPING, IRRIGATION, AND STRUCTURES; AND STREET-RELATED ELECTRIC, TELEPHONE, AND GAS; TOGETHER WITH ALL NECESSARY, INCIDENTAL, AND APPURTENANT FACILITIES, LAND AND EASEMENTS, AND ALL EXTENSIONS OF AND IMPROVEMENTS TO SAID FACILITIES WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE • PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO • ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 6 BALLOT ISSUE F: (Debt for Water) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 6 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 6 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING COMPLETE POTABLE WATER SYSTEM AND A COMPLETE NONPOTABLE IRRIGATION WATER SYSTEM, INCLUDING BUT NOT LIMITED TO, WATER RIGHTS, WATER SUPPLY, TREATMENT, STORAGE, TRANSMISSION AND DISTRIBUTION SYSTEMS FOR PUBLIC OR PRIVATE PURPOSES, TOGETHER WITH ALL NECESSARY AND PROPER RESERVOIRS, TREATMENT WORKS AND FACILITIES, WELLS, WATER RIGHTS, EQUIPMENT AND APPURTENANCES INCIDENT THERETO WHICH MAY INCLUDE, BUT SHALL NOT BE LIMITED TO, TRANSMISSION LINES, DISTRIBUTION MAINS AND LATERALS, STORAGE FACILITIES, LAND AND EASEMENTS, TOGETHER WITH EXTENSIONS OF AND IMPROVEMENTS TO SAID FACILITIES OR SYSTEMS WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAYBE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: NO: Two (2) Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 6 BALLOT ISSUE G: (Debt for Sewer) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 6 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 6 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING SANITARY SEWERS, WASTEWATER TREATMENT AND DISPOSAL WORKS AND FACILIT I HS, WATER QUALITY FACILITI HS, EQUIPMENT AND APPURTENANCES INCIDENT THERETO, TOGETHER WITH ALL NECESSARY, INCIDENTAL AND APPURTENANT FACILITIES, LAND AND EASEMENTS, AND ALL NECESSARY EXTENSIONS OF AND IMPROVEMENTS TO SAID FACILITIES OR SYSTEMS WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICII-wr TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW; AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 6 BALLOT ISSUE H: (Debt for Transportation) SHALL HAYMEADOW METROPOLITAN DISTRICT NO_ 6 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 6 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING A SYSTEM TO TRANSPORT THE PUBLIC BY BUS, RAIL, OR ANY OTHER MEANS OF CONVEYANCE, OR ANY COMBINATION THEREOF, TOGETHER WITH ALL NECESSARY, INCIDENTAL AND APPURTENANT FACILITIES, LAND AND EASEMENTS, AND ALL EXTENSIONS OF AND IMPROVEMENTS TO SUCH FACILITIES WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY. THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, • RETAINED AND SPENT BY THE DISTRICT? YES: NO: Two (2) Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 6 BALLOT ISSUE I: (Debt for Traffic and Safety Controls) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 6 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL. HAYMEADOW METROPOLITAN DISTRICT NO. 6 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING TRAFFIC AND SAFETY CONTROLS AND DEVICES ON STREETS AND HIGHWAYS AND AT RAILROAD CROSSINGS, TOGETHER WITH ALL NECESSARY, INCIDENTAL AND APPURTENANT FACILITIES, LAND AND EASEMENTS, AND ALL EXTENSIONS OF AND IMPROVEMENTS TO SUCH FACILITIES WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY. AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFIC I ENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: Two (2) Zero (0) NO: HAYMEADOW METROPOLITAN DISTRICT NO. 6 BALLOT ISSUE J: (Debt for Mosquito Control) • SHALL HAYMEADOW METROPOLITAN DISTRICT NO_ 6 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 6 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING IMPROVEMENTS TO PROVIDE FOR THE ELIMINATION AND CONTROL OF MOSQUITOES, TOGETHER WITH ALL NECESSARY, INCIDENTAL AND APPURTENANT FACILITIES, LAND AND EASEMENTS, AND ALL EXTENSIONS OF AND IMPROVEMENTS TO SUCH FACILITIES WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW MEIROPOLITAN DISTRICT NO. 6 BALLOT ISSUE K: (Debt for Fire Protection) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 6 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 6 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS • AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF PAYING, REIMBURSING, OR FINANCING ALL OR ANY PART OF THE COSTS OF DESIGNING, ACQUIRING, CONSTRUCTING, INSTALLING, COMPLETING, EQUIPPING AND OTHERWISE PROVIDING FIRE PROTECTION, TOGETHER WITH ALL NECESSARY, INCIDENTAL AND APPURTENANT FACILITIES, LAND AND EASEMENTS, AND ALL EXTENSIONS OF AND IMPROVEMENTS TO SUCH FACILITIES WITHIN AND WITHOUT THE BOUNDARIES OF THE DISTRICT, SUCH DEBT TO BEAR INTEREST AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THEDEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 6 BALLOT ISSUE L: (Debt for Refunding) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 6 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 6 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, REVENUE BONDS, OR OTHER OBLIGATIONS, INCLUDING CONTRACTS AND OBLIGATIONS SECURED BY MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, ISSUED OR INCURRED FOR THE PURPOSE OF REFUNDING, PAYING, OR DEFEASING, IN WHOLE OR IN PART, BONDS, NOTES, OR OTHER FINANCIAL OBLIGATIONS OF THE DISTRICT; SUCH DEBT TO BEAR INTEREST AT A RATE TO BE DETERMINED BY THE DISTRICT BOARD, WHICH INTEREST RATE MAY BE HIGHER THAN THE INTEREST RATE BORNE BY THE OBLIGATIONS BEING REFUNDED BUT IN NO EVENT SHALL THE NET EFFECTIVE INTEREST RATE EXCEED 18% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD, SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE AT A PRICE ABOVE, BELOW, OR EQUAL TO THE PRINCIPAL AMOUNT OF SUCH DEBT AND ON SUCH TERMS AND CONDITIONS AS.THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM IN AN AMOUNT NOT IN EXCESS OF 5% OF THE PRINCIPAL AMOUNT BEING REDEEMED; THE PRINCIPAL AMOUNT OF' SUCH DEBT, TOGETHER WITH ALL OTHER DEBT OF THE DISTRICT AUTHORIZED BY ANY OTHER BALLOT QUESTION AND ALL DEBT ISSUED BY HAYMEADOW METROPOLITAN DISTRICT NOS. 1 TO 5, NOT TO EXCEED AN AGGREGATE OF $35,000,000; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING WITHOUT LIMITATION FROM A MILL LEVY IMPOSED WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD AND IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, TO BE USED SOLELY FOR THE PURPOSE OF PAYING THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON THE DISTRICT'S DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE PROCEEDS OF SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT INCOME THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER, SUCH AUTHORIZATION TO CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, RETENTION, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? • YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 6 BALLOT ISSUE M: (Intergovernmental Agreements with the State or Political Subdivisions) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 6 DEBT BE INCREASED $35,000,000, WITH A TOTAL REPAYMENT COST OF $287,000,000, AND SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 6 TAXES BE INCREASED $41,300,000 ANNUALLY, OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE NECESSARY TO PAY THE DISTRICT'S DEBT AND MULTIPLE-FISCAL YEAR OBLIGATIONS; SUCH DEBT AND OBLIGATIONS TO CONSIST OF ONE OR MORE INTERGOVERNMENTAL AGREEMENTS WITH THE STATE OR ANY POLITICAL SUBDIVISION OF THE STATE, INCLUDING THE TOWN OF EAGLE, COLORADO, AND HAYMEADOW METROPOLITAN DISTRICT NOS. 1 TO 5, FOR THE PURPOSE OF JOINTLY FINANCING THE COSTS OF ANY PUBLIC IMPROVEMENTS, FACILITIES, SYSTEMS, PROGRAMS, OR PROJECTS WHICH THE DISTRICT MAY LAWFULLY PROVIDE, OR FOR THE PURPOSE OF PROVIDING FOR THE OPERATIONS AND MAINTENANCE OF THE DISTRICT AND ITS FACILITIES AND PROPERTI ES; SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE MONEYS OF THE DISTRICT, INCLUDING FROM THE DISTRICT'S OPERATING MILL LEVY IN AMOUNTS SUFFICTFNT TO PRODUCE THE ANNUAL INCREASE SET FORTH ABOVE OR SUCH LESSER AMOUNT AS MAY BE NECESSARY FOR THE PURPOSES SPECIFIED ABOVE; AND IN CONNECTION THEREWITH SHALL THE DISTRICT BE AUTHORIZED TO MAKE COVENANTS REGARDING THE ESTABLISHMENT AND USE OF AD VALOREM TAXES, RATES, FEES, TOLLS, PENALTIES, AND OTHER CHARGES OR REVENUES OF THE DISTRICT, AND COVENANTS, REPRESENTATIONS, AND WARRANTS KS AS TO OTHER MATTERS ARISING UNDER THE AGREEMENTS, ALL AS MAY BE DETERMINED BY THE BOARD OF DIRECTORS OF THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 6 BALLOT ISSUE N: (TABOR Exemption for Revenue) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 6 BE AUTHORIZED TO COLLECT, RETAIN, AND SPEND ANY AND ALL AMOUNTS ANNUALLY FROM ANY REVENUE SOURCES WHATSOEVER (INCLUDING WITHOUT LIMITATION ANY REVENUES FROM AD VALOREM PROPERTY TAXES, TAXES, SPECIFIC OWNERSHIP TAXES, FEES, RATES, TOLLS, PENALTTFS, OR CHARGES, STATE, FEDERAL AND PRIVATE GRANTS AND GIFTS, OR ANY OTHER SOURCE); AND SHALL SUCH REVENUES BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2015 AND IN EACH FISCAL YEAR THEREAFTER AS A VOTER-APPROVED • REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 6 BALLOT ISSUE 0: (Developer Agreements) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 6 BE AUTHORIZED TO ENTER INTO AGREEMENTS WITH ANY DEVELOPER OF PROPERTY IN THE DISTRICT FOR THE PURPOSE OF FINANCING THE COSTS OF ANY PUBLIC IMPROVEMENTS, FACILITTRS, SYSTEMS, OR PROJECTS WHICH THE DISTRICT MAY LAWFULLY PROVIDE, WHICH AGREEMENTS MAY CONSTITUTE DEBT OR INDEBTEDNESS AND MULTIPLE-FISCAL YEAR OBLIGATIONS OF THE DISTRICT TO THE EXTENT PROVIDED THEREIN AND OTHERWISE AUTHORIZED BY LAW, AND IN CONNECTION THEREWITH SHALL THE DISTRICT BE AUTHORIZED TO AGREE TO PAY SPECIFIED REVENUES OF THE DISTRICT TO THE DEVELOPERS, TO MAKE COVENANTS REGARDING THE REVENUES OF THE DISTRICT, AND TO MAKE COVENANTS, REPRESENTATIONS, AND WARRANTIES AS TO OTHER MATTERS ARISING UNDER THE AGREEMENTS, ALL AS MAY BE DETERMINED BY THE BOARD OF DIRECTORS OF THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 6 BALLOT ISSUE P: (Mortgage of Property) SHALL HAYMEADOW METROPOLITAN DISTRICT NO. 6 BE AUTHORIZED TO ISSUE, CREATE, EXECUTE, AND DELIVER MORTGAGES, DEEDS OF TRUST, LIENS, AND OTHER ENCUMBRANCES ON DISTRICT REAL AND PERSONAL PROPERTY, WHETHER NOW OWNED OR HEREAFTER ACQUIRED, AND INCLUDING WITHOUT LIMITATION WATER AND WATER RIGHTS, SUCH ENCUMBRANCES OF THE DISTRICT AND OF HAYMEADOW METROPOLITAN DISTRICT NOS. 1 TO 5, TO BE IN THE AGGREGATE PRINCIPAL AMOUNT NOT TO EXCEED $35,000,000, PLUS INTEREST THEREON AT A NET EFFECTIVE INTEREST RATE NOT IN EXCESS OF 18% PER ANNUM, ALL AS MAY BE DETERMINED BY THE BOARD OF DIRECTORS TO BE NECESSARY OR APPROPRIATE IN CONNECTION WITH THE ISSUANCE OF BONDS, NOTES, CONTRACTS, OR OTHER FINANCIAL OBLIGATIONS OF THE DISTRICT; SUCH ENCUMBRANCES TO BE CREATED FOR THE PURPOSE OF PROVIDING ADDITIONAL SECURITY FOR DISTRICT FINANCIAL OBLIGATIONS, AND TO BE CREATED AT ONE TIME OR FROM TIME TO TIME; SUCH MORTGAGES, DEEDS OF TRUST, LTFNS, OR OTHER ENCUMBRANCES TO ENTITLE THE OWNER OR BENEFICIARY THEREOF TO FORECLOSE UPON AND TAKE TITLE TO AND POSSESSION OF THE DISTRICT PROPERTY SO ENCUMBERED, AND IN CONNECTION THEREWITH SHALL THE DISTRICT BE AUTHORIZED TO MAKE SUCH COVENANTS REGARDING THE USE OF THE ENCUMBERED PROPERTY AND OTHER MATTERS ARISING UNDER THE ENCUMBRANCE, ALL AS MAY BE DETERMINED BY THE BOARD OF DIRECTORS OF THE DISTRICT? YES: Two (2) NO: Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 6 BALLOT QUESTION Q (Transportation Services) Shall the Haymeadow Metropolitan District No. 6 be authorized to provide transportation services and exercise the power to establish, maintain, and operate a system to transport the public by bus, rail, or any other means of convenience, or any combination thereof, within and without the District boundaries, but only within Eagle County, Colorado, within which the District is located? YES: NO: Two (2) Zero (0) HAYMEADOW METROPOLITAN DISTRICT NO. 6 BALLOT QUESTION R (Waiver of Teen Limits) Shall the limitations on terms of office of elected members of the Board of Directors of the • Haymeadow Metropolitan District No. 6 be eliminated putsuant to Article XVIII, Section 11(2) of the Colorado Constitution? YES: Two (2) NO: . Zero (0) It is hereby identified and specified that: Total Number of Ballots Delivered to Electors (including UOCAVA ballots): Three (3) Total Number of Ballots Voted (including UOCAVA ballots): Two (2) Number of Ballots Returned Undelivered: Zero (0) Number of Spoiled Ballots (Replacement Ballot issued): One (1) Number of Rejected Ballots: Number of Defective Ballots: Number of Substitute Ballots Voted: Number of Unofficial Ballots Voted: Zero (0) Zero (0) Zero (0) Zeio (0) Total Number of Ballots Returned to Designated Election • Official (including UOCAVA ballots): Two (2) • Certified this 4th day of November, 2014. {00969846.DOCX / 3 } EXHIBIT E 2024 Budgets Docusign Envelope ID: 7512B3D3-FB4A-41AD-980A-67428087108A HAYMEADOW METROPOLITAN DISTRICT NO. 1 2024 BUDGET MESSAGE Haymeadow Metropolitan District No. 1 is a quasi-municipal corporation organized and operated pursuant to provisions set forth in the Colorado Special District Act. The District was established to provide financing for the design, acquisition, construction, installation and operation and maintenance of public improvements including streets, water, sanitary sewer and storm drainage, park and recreation, traffic and safety protection, security services, covenant enforcement, transportation, fire protection and weed, pest and mosquito control. The District has no employees and all operations and administrative functions are contracted. The following budget is prepared on the modified accrual basis of accounting, which is consistent with the basis of accounting used in presenting the District's financial statements. 2023 BUDGET STRATEGY Haymeadow Metropolitan Districts No(s). 1 through 6 have joined together in filing a consolidated service plan. District No(s). 1 through 5 are the financing districts and District No. 6 is the service district. Districts No(s). 1 through 5 are all levying an operating mill levy of 50.000 mills and a debt service mill levy of 50.000 mills transferring those funds to District No. 6 to cover general and administrative costs and District No.5 for interest on the Series 2023 LT GO Bonds. In addition to property taxes, District No. 6 is relying on Developer advances to funds its costs. HAYMEADOW METROPOLITAN DISTRICT NO. 1 STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE BUDGET, ACTUAL AND FORECAST FOR THE PERIODS INDICATED GENERAL FUND Cal Yr 2024 2022 Cal Yr Adopted Actual Forecast Budget Explanation Assessed Value 246,910 306,880 359,310 12-18-23 Final AV Ops Mill Levy Rate 50.000 50.000 50.000 Per Service Plan Temporary Mill Levy Credit (30.000) Debt Service Mill Levy Rate 50.000 Pledged Revenue REVENUES Property Taxes - Operations 12,346 15,344 17,966 Assessed Value x mill levy Property Taxes - Temp Mill Levy Cr (10,779) Property Taxes - Debt Service 17,966 Specific Ownership Taxes Operations 669 690 323 4.5% of property taxes Specific Ownership Taxes Debt Service 808 Interest income 210 500 6 Contingent Revenue 0 50,000 TOTAL REVENUES 13,224 16,534 76,290 General & Administrative Accounting & Administration 0 0 0 Insurance 0 0 0 Legal 0 0 0 Office Overhead & Expense 0 0 0 Treasurer's Fees (Eagle County) Operations 216 Treasurer's Fees (Eagle County) DS 370 460 539 3% Eagle County Fee Debt Svc Pledged Revenue Paid 12,806 16,074 18,235 Pmt to No. 5 Master IGA Service Fee Paid 6,971 Pmt to No. 6 Contingency/Other 0 50,000 TOTAL EXPENDITURES 13,176 16,534 75,960 REVENUE OVER (UNDER) EXPEND. 48 0 330 OTHER FINANCING SOURCES/(USES) Budget Contingency TOTAL OTHER FINANCING SOURCES 00 0 Revenue and Other Sources over Expenditures and other Uses 48 0 330 FUND BALANCE - BEGINNING 159 207 207 FUND BALANCE - ENDING 207 207 536 = = = No Assurance is provided on these financial statements; substantially all disclosures required by GAAP omitted. HAYMEADOW METROPOLITAN DISTRICT NO. 2 2024 BUDGET MESSAGE Haymeadow Metropolitan District No. 2 is a quasi-municipal corporation organized and operated pursuant to provisions set forth in the Colorado Special District Act. The District was established to provide financing for the design, acquisition, construction, installation and operation and maintenance of public improvements including streets, water, sanitary sewer and storm drainage, park and recreation, traffic and safety protection, security services, covenant enforcement, transportation, fire protection and weed, pest and mosquito control. The District has no employees and all operations and administrative functions are contracted. The following budget is prepared on the modified accrual basis of accounting, which is consistent with the basis of accounting used in presenting the District's financial statements. 2024 BUDGET STRATEGY Haymeadow Metropolitan Districts No(s). 1 through 6 have joined together in filing a consolidated service plan. District No(s). 1 through 5 are the financing districts and District No. 6 is the service district. Districts No(s). 1 through 5 are all levying an operating mill levy of 50.000 mills and a debt service mill levy of 50.000 mills transferring those funds to District No. 6 to cover general and administrative costs and District No.5 for interest on the Series 2023 LT GO Bonds. In addition to property taxes, District No. 6 is relying on Developer advances to funds its costs. HAYMEADOW METROPOLITAN DISTRICT NO. 2 STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE BUDGET, ACTUAL AND FORECAST FOR THE PERIODS INDICATED GENERAL FUND Cal Yr 2023 2024 2022 Adopted Adopted Actual Budget Budget Explanation Assessed Value 21,430 19,510 20,900 12-18-23 Final AV Ops Mill Levy Rate 50.000 50.000 50.000 Per Service Plan Temporary Mill Levy Credit (30.000) Debt Service Mill Levy Rate 50.000 REVENUES Property Taxes - Operations 1,072 976 1,045 Assessed Value x mill levy Property Taxes - Temp Mill Levy Cr (627) Property Taxes - Debt Service 1,045 Specific Ownership Taxes Operations 56 44 19 4.5% of property taxes Specific Ownership Taxes Debt Service 47 Interest income 19 10 10 Contingent Revenue 1,000 5,000 TOTAL REVENUES 1,147 2,029 6,539 General & Administrative Accounting & Administration 0 0 0 Insurance 0 0 0 Legal 0 0 0 Office Overhead & Expense 0 0 0 Treasurer's Fees (Eagle County) Operations 13 Treasurer's Fees (Eagle County) DS 32 29 31 3% Eagle County Fee Debt Svc Pledged Revenue Paid 1,111 1,000 1,061 Pmt to No. 5 Master IGA Service Fee Paid 405 Contingency/Other 1,000 5,000 TOTAL EXPENDITURES 1,143 2,029 6,510 REVENUE OVER (UNDER) EXPEND. 3 0 29 OTHER FINANCING SOURCES/(USES) Budget Contingency TOTAL OTHER FINANCING SOURCES 0 0 0 Revenue and Other Sources over Expenditures and other Uses 3 0 29 FUND BALANCE - BEGINNING 47 47 47 FUND BALANCE - ENDING 50 47 76 = = = No Assurance is provided on these financial statements; substantially all disclosures required by GAAP omitted. HAYMEADOW METROPOLITAN DISTRICT NO. 3 2024 BUDGET MESSAGE Haymeadow Metropolitan District No. 3 is a quasi-municipal corporation organized and operated pursuant to provisions set forth in the Colorado Special District Act. The District was established to provide financing for the design, acquisition, construction, installation and operation and maintenance of public improvements including streets, water, sanitary sewer and storm drainage, park and recreation, traffic and safety protection, security services, covenant enforcement, transportation, fire protection and weed, pest and mosquito control. The District has no employees and all operations and administrative functions are contracted. The following budget is prepared on the modified accrual basis of accounting, which is consistent with the basis of accounting used in presenting the District's financial statements. 2024 BUDGET STRATEGY Haymeadow Metropolitan Districts No(s). 1 through 6 have joined together in filing a consolidated service plan. District No(s). 1 through 5 are the financing districts and District No. 6 is the service district. Districts No(s). 1 through 5 are all levying an operating mill levy of 50.000 mills and a debt service mill levy of 50.000 mills transferring those funds to District No. 6 to cover general and administrative costs and District No.5 for interest on the Series 2023 LT GO Bonds. In addition to property taxes, District No. 6 is relying on Developer advances to funds its costs. HAYMEADOW METROPOLITAN DISTRICT NO.Printed: STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE BUDGET, ACTUAL AND FORECAST FOR THE PERIODS INDICATED GENERAL FUND Cal Yr 2024 2022 2022 Adopted Actual Forecast Budget Explanation Assessed Value 56,540 53,420 61,410 12-18-23 Final AV Ops Mill Levy Rate 50.000 50.000 50.000 Per Service Plan Temporary Mill Levy Credit (30.000) Debt Service Mill Levy Rate 50.000 REVENUES Property Taxes - Operations 2,827 2,671 3,071 Assessed Value x mill levy Property Taxes - Temp Mill Levy Cr (1,842) Property Taxes - Debt Service 3,071 Specific Ownership Taxes Operation 149 120 55 4.5% of property taxes Specific Ownership Taxes Debt Service 138 Interest income 50 28 28 Contingent Revenue 0 5,000 TOTAL REVENUES 3,026 2,819 9,520 General & Administrative Accounting & Administration 0 0 0 Insurance 0 0 0 Legal 0 0 0 Office Overhead & Expense 0 0 0 Treasurer's Fees (Eagle County) Operations 37 Treasurer's Fees (Eagle County) DS 85 80 92 3% Eagle County Fee Debt Svc Pledged Revenue Paid 2,931 2,739 3,117 Pmt to No. 6 Master IGA Service Fee Paid 1,191 Contingency/Other 0 5,000 TOTAL EXPENDITURES 3,016 2,819 9,437 REVENUE OVER (UNDER) EXPEND 10 0 83 OTHER FINANCING SOURCES/(USES) Budget Contingency TOTAL OTHER FINANCING SOURC 00 0 Revenue and Other Sources over Expenditures and other Uses 10 0 83 FUND BALANCE - BEGINNING 159 169 169 FUND BALANCE - ENDING 169 169 252 = = = No Assurance is provided on these financial statements; substantially all disclosures required by GAAP omitted. HAYMEADOW METROPOLITAN DISTRICT NO. 4 2024 BUDGET MESSAGE Haymeadow Metropolitan District No. 4 is a quasi-municipal corporation organized and operated pursuant to provisions set forth in the Colorado Special District Act. The District was established to provide financing for the design, acquisition, construction, installation and operation and maintenance of public improvements including streets, water, sanitary sewer and storm drainage, park and recreation, traffic and safety protection, security services, covenant enforcement, transportation, fire protection and weed, pest and mosquito control. The District has no employees and all operations and administrative functions are contracted. The following budget is prepared on the modified accrual basis of accounting, which is consistent with the basis of accounting used in presenting the District's financial statements. 2024 BUDGET STRATEGY Haymeadow Metropolitan Districts No(s). 1 through 6 have joined together in filing a consolidated service plan. District No(s). 1 through 5 are the financing districts and District No. 6 is the service district. Districts No(s). 1 through 5 are all levying an operating mill levy of 50.000 mills and a debt service mill levy of 50.000 mills transferring those funds to District No. 6 to cover general and administrative costs and District No.5 for interest on the Series 2023 LT GO Bonds. In addition to property taxes, District No. 6 is relying on Developer advances to funds its costs. HAYMEADOW METROPOLITAN DISTRICT NO. 4 STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE BUDGET, ACTUAL AND FORECAST FOR THE PERIODS INDICATED GENERAL FUND Cal Yr 2024 2022 2023 Adopted Actual Forecast Budget Explanation Assessed Value 22,530 20,510 21,970 12-18-23 Final AV Ops Mill Levy Rate 50.000 50.000 50.000 Per Service Plan Temporary Mill Levy Credit (30.000) Debt Service Mill Levy Rate 50.000 REVENUES Property Taxes - Operations 1,126 1,026 1,099 Assessed Value x mill levy Property Taxes - Temp Mill Levy Cr (659) Property Taxes - Debt Service 1,099 Specific Ownership Taxes Operations 57 46 20 4.5% of property taxes Specific Ownership Taxes Debt Service 49 Interest income 20 1 28 Contingent Revenue 0 5,000 TOTAL REVENUES 1,203 1,073 6,635 General & Administrative Accounting & Administration 0 0 0 Insurance 0 0 0 Legal 0 0 0 Office Overhead & Expense 0 0 0 Treasurer's Fees (Eagle County) Operations 13 Treasurer's Fees (Eagle County) DS 34 31 33 3% Eagle County Fee Debt Svc Pledged Revenue Paid 1,165 1,042 1,115 Pmt to No. 6 Master IGA Service Fee Paid 426 Contingency/Other 0 5,000 TOTAL EXPENDITURES 1,199 1,073 6,587 REVENUE OVER (UNDER) EXPEND. 4 0 48 OTHER FINANCING SOURCES/(USES) Budget Contingency TOTAL OTHER FINANCING SOURCES 0 0 0 Revenue and Other Sources over Expenditures and other Uses 4 0 48 FUND BALANCE - BEGINNING 83 87 87 FUND BALANCE - ENDING 87 87 135 = = = No Assurance is provided on these financial statements; substantially all disclosures required by GAAP omitted. HAYMEADOW METROPOLITAN DISTRICT NO. 5 2024 BUDGET MESSAGE Haymeadow Metropolitan District No. 5 is a quasi-municipal corporation organized and operated pursuant to provisions set forth in the Colorado Special District Act. The District was established to provide financing for the design, acquisition, construction, installation and operation and maintenance of public improvements including streets, water, sanitary sewer and storm drainage, park and recreation, traffic and safety protection, security services, covenant enforcement, transportation, fire protection and weed, pest and mosquito control. The District has no employees and all operations and administrative functions are contracted. The following budget is prepared on the modified accrual basis of accounting, which is consistent with the basis of accounting used in presenting the District's financial statements. 2024 BUDGET STRATEGY Haymeadow Metropolitan Districts No(s). 1 through 6 have joined together in filing a consolidated service plan. District No(s). 1 through 5 are the financing districts and District No. 6 is the service district. Districts No(s). 1 through 5 are all levying an operating mill levy of 50.000 mills and a debt service mill levy of 50.000 mills transferring those funds to District No. 6 to cover general and administrative costs and District No.5 for interest on the Series 2023 LT GO Bonds. In addition to property taxes, District No. 6 is relying on Developer advances to funds its costs. HAYMEADOW METROPOLITAN DISTRICT NO. 5 STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE BUDGET, ACTUAL AND FORECAST FOR THE PERIODS INDICATED GENERAL FUND Cal Yr 2024 2022 2023 Adopted Actual Forecast Budget Explanation Assessed Value 52,850 48,110 51,550 12-18-23 Final AV Ops Mill Levy Rate 50.000 50.000 50.000 Per Service Plan Temporary Mill Levy Credit (30.000) Debt Service Mill Levy Rate 50.000 REVENUES Property Taxes - Operations 2,642 2,406 2,578 Assessed Value x mill levy Property Taxes - Temp Mill Levy Cr (1,547) Property Taxes - Debt Service 2,578 Specific Ownership Taxes Operatio 141 108 46 4.5% of property taxes Specific Ownership Taxes Debt Service 116 Pledged Revenue From HMD 1-4 23,527 Interdistrict Funding 4,000 Interest income 48 20 28 Contingent Revenue 0 5,000 TOTAL REVENUES 2,831 2,534 36,326 General & Administrative Treasurer's Fees (Eagle County) Operations 31 Treasurer's Fees (Eagle County) DS 79 72 77 3% Eagle County Fee Service Fee Paid to No. 6 2,743 2,462 0 Pmt to No. 6 Bond Debt Service Interest 26,143 Master IGA Service Fee Paid 1,000 Trustee Fee 4,000 Annual BOK Trustee Fee Contingency/Other 0 5,000 TOTAL EXPENDITURES 2,822 2,534 36,252 REVENUE OVER (UNDER) EXPEND 9074 OTHER FINANCING SOURCES/(USES) Bond Proceeds 13,250,000 Bond Cost of Issuance (296,500) Developer Advance for COI 296,500 Transfer to District No. 6 Ln Repmt (13,250,000) TOTAL OTHER FINANCING SOURC 000 Revenue and Other Sources over Expenditures and other Uses 9 0 74 FUND BALANCE - BEGINNING 216 225 225 FUND BALANCE - ENDING 225 225 299 = = No Assurance is provided on these financial statements; substantially all disclosures required by GAAP omitted. HAYMEADOW METROPOLITAN DISTRICT NO. 6 2024 BUDGET MESSAGE Haymeadow Metropolitan District No. 6 is a quasi-municipal corporation organized and operated pursuant to provisions set forth in the Colorado Special District Act. The District was established to provide financing for the design, acquisition, construction, installation and operation and maintenance of public improvements including streets, water, sanitary sewer and storm drainage, park and recreation, traffic and safety protection, security services, covenant enforcement, transportation, fire protection and weed, pest and mosquito control. The District has no employees and all operations and administrative functions are contracted. The following budget is prepared on the modified accrual basis of accounting, which is consistent with the basis of accounting used in presenting the District's financial statements. 2024 BUDGET STRATEGY Haymeadow Metropolitan Districts No(s). 1 through 6 have joined together in filing a consolidated service plan. District No(s). 1 through 5 are the financing districts and District No. 6 is the service district. Districts No(s). 1 through 5 are all levying an operating mill levy of 50.000 mills and a debt service mill levy of 50.000 mills transferring those funds to District No. 6 to cover general and administrative costs and District No.5 for interest on the Series 2023 LT GO Bonds. In addition to property taxes, District No. 6 is relying on Developer advances to funds its costs. HAYMEADOW METROPOLITAN DISTRICT NO. 6 (SERVICE DISTRICT) STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE BUDGET, ACTUAL AND FORECAST FOR THE PERIODS INDICATED GENERAL FUND Cal Yr 2024 2022 2023 Adopted Actual Forecast Budget Explanation Assessed Value 2,230 2,870 130 12-18-23 Final AV Ops Mill Levy Rate 0.000 0.000 0.000 None Levied REVENUES Interest income 1,192 10,925 40 .25% Fund Balance Interest income- Escrow Account 0 0 0 Service Fee from No. 1 - No. 5 20,756 23,000 9,994 Pmt from No. 1 - 5 Development Fee Income 341,392 Grant Income 10,900 0 Pmt from No. 1 - 5 Total Revenues 32,848 33,925 351,426 General & Administrative Accounting & Administration 32,557 36,720 38,556 5% increase Elections 592 3,500 2,000 2025 Pre-Election mailings Audit 0 10,400 12,000 Engagement Letter not to Exceed Insurance 5,012 5,575 5,742 3% increase Legal 51,144 60,000 40,000 Est Dues & Memberships 0 1,300 1,339 Est Office Overhead & Expense 1,505 1,500 1,545 Est Interdistrict Funding 4,000 Contingency/Other 0 10,000 Total General & Admin Expenditures 90,811 118,995 115,182 Operational Expenses Weed Mitigation & Pest Control 26,266 40,046 87,250 Per MH Cairn Consulting Snow Removal-Paths 0 5,000 5,860 Per MH Cairn Consulting Non-Potable Operations 2,356 0 10,000 Per MH Cairn Consulting Non-Potable R&M 0 0 25,000 Per MH Cairn Consulting Landscaping/Irrigation Maintenance 111,002 129,600 72,600 Per MH Cairn Consulting Utilities- Electric 1,783 3,300 3,630 10% Increase Trails-Path Maintenance 0 0 1,000 Fine gravel paths Consultants & Engineering 0 15,000 Weed mngmt reporting Contingency 0 10,000 Total Operational Expenditures 141,407 177,946 230,340 Capital Expenditures Infrastructure Roads 245,702 800,000 Drainage 552,013 0 Water 350,346 0 812,636 Ouzel Lane Water Connection Sewer 196,599 0 Non Potable Water 51,583 18,600 General Expenses 0 127,000 Porters Irrigation 0 0 17,600 Undeveloped School & Rec Sites Irrigation System 0 0 Landscaping 0 130,875 Contigency 0 41,512 5% of above Total Capital Expenditures 1,396,243 1,076,475 871,748 Revenue Over (Under) Expend Before Other Financing Sources (1,595,613) (1,339,491) (865,845) OTHER FINANCING SOURCES/(USES) Developer Advances to Town Escrow 0 0 0 Developer Advances Other 1,456,000 1,968,192 875,879 Transfer of Bond Proceeds 13,250,000 Developer Repayments Principal 0 (12,134,114) 0 Developer Repayment Interest 0 (1,710,662) 0 \ Total Other Financing Sources 1,456,000 1,373,416 875,879 Surplus Revenues over Expenditures After Other Financing Sources (139,613) 33,925 10,034 FUND BALANCE - BEGINNING 126,466 (13,147) 20,778 FUND BALANCE - ENDING (13,147) 20,778 30,811 = = = No Assurance is provided on these financial statements; substantially all disclosures required by GAAP omitted. {00969846.DOCX / 3 } EXHIBIT F Applications for Exemption from Audit, District Nos. 1, 2, 3 and 4 Docusign Envelope ID: 7512B3D3-FB4A-41AD-980A-67428087108A Click Here --or-- Under the Local Government Audit Law (Section 29-1-601, et seq., C.R.S.) any local government may apply for an exemption from audit if neither revenues nor expenditures exceed $750,000 in the year. READ ALL INSTRUCTIONS BEFORE COMPLETING AND SUBMITTING THIS FORM ALL APPLICATIONS MUST BE FILED WITH THE OSA WITHIN 3 MONTHS AFTER THE ACCOUNTING YEAR-END. FOR EXAMPLE, APPLICATIONS MUST BE RECEIVED BY THE OSA ON OR BEFORE MARCH 31 FOR GOVERNMENTS WITH A DECEMBER 31 YEAR-END. APPLICATIONS FOR EXEMPTION FROM AUDIT ARE NOT ELIGIBLE FOR AN EXTENSION OF TIME POSTMARK DATES WILL NOT BE ACCEPTED AS PROOF OF SUBMISSION ON OR BEFORE THE STATUATORY DEADLINE CHECKLIST EXEMPTIONS FROM AUDIT ARE NOT AUTOMATIC Any preparer of an Application for Exemption from Audit-SHORT FORM must be a person skilled in governmental accounting. APPLICATION FOR EXEMPTION FROM AUDIT If yes, have you included a resolution? GOVERNMENTAL ACTIVITY SHOULD BE REPORTED ON THE MODIFIED ACCRUAL BASIS PROPRIETARY ACTIVITY SHOULD BE REPORTED ON A BUDGETARY BASIS SHORT FORM To qualify for exemption from audit, a local government must complete an Application for Exemption from Audit EACH YEAR and submit it to the Office of the State Auditor (OSA). Approval for an exemption from audit is granted only upon the review by the OSA. IF EITHER REVENUES OR EXPENDITURES EXCEED $100,000, USE THE LONG FORM. Will this application be submitted via a mail service? (e.g. US Post Office, FedEx, UPS, courier.) If yes, does the application include ORIGINAL INK SIGNATURES from the MAJORITY of the governing body? Does the resolution state that the governing body PERSONALLY reviewed and approved the resolution in an open public meeting? Has the resolution been signed by a MAJORITY of the governing body? (See sample resolution.) Did you include any relevant explanations for unusual items in the appropriate spaces at the end of each section? Has the application been PERSONALLY reviewed and approved by the governing body? Has the entity corrected all Prior Year Deficiencies as communicated by the OSA? Checkout our web portal. Register your account and submit electronic Applications for Exemption From Audit, Extension of Time to File requests, Audited Financial Statements, and more! See the link below. Has the preparer signed the application? Will this application be submitted electronically?Click here to go to the portal If yes, have you read and understand the new Electronic Signature Policy? See new policy -> PRIOR YEAR FORMS ARE OBSOLETE AND WILL NOT BE ACCEPTED. APPLICATIONS SUBMITTED ON FORMS OTHER THAN THOSE PRESCRIBED BY THE OSA WILL NOT BE ACCEPTED. APPLICATIONS MUST BE FULLY AND ACCURATELY COMPLETED. FOR YOUR REFERENCE, COLORADO REVISED STATUTES CAN BE FOUND AT: http://www.lexisnexis.com/hottopics/Colorado/ 1 Register and submit your Applications at our web portal! For faster processing the web portal is the preferred method for submission Proprietary Activity should be reported on the Cash or Budgetary Basis FILING METHODS IMPORTANT! Office of the State Auditor QUESTIONS? Governmental Activity should be reported on the Modified Accrual Basis Local Government Audit Division https://apps.leg.co.gov/osa/lgWEB PORTAL: 1525 Sherman St., 7th Floor Denver, CO 80203 Please Note: The OSA's email addresses have changed as of December 1, 2023. Please ensure you are using the email address noted below. Email: osa.lg@coleg.gov OR Phone: 303-869-3000 MAIL: Failure to file an application or denial of the request could cause the local government to lose its exemption from audit for that year and the ensuing year. In that event, AN AUDIT SHALL BE REQUIRED. All Applications for Exemption from Audit are subject to review and approval by the Office of the State Auditor. 2 ADDRESS Kenneth J Marchetti PART 1 - CERTIFICATION OF PREPARER NAME: I certify that I am skilled in governmental accounting and that the information in the application is complete and accurate, to the best of my knowledge. NAME OF GOVERNMENT ADDRESS Debbie Braucht (970) 926-6060 28 2nd Ste., Unit 213 Edwards, CO 81632 debbie@mwcpaa.com SHORT FORM CONTACT PERSON PHONE EMAIL PREPARER (SIGNATURE REQUIRED)DATE PREPARED FIRM NAME (if applicable) PHONE TITLE Marchetti & Weaver, LLC For the Year Ended 12/31/23 APPLICATION FOR EXEMPTION FROM AUDIT or fiscal year ended: Haymeadow Metropolitan District No.1 (970) 926-6060 Principal/CPA 28 2nd St, Unit 213, Edwards, CO 81632 Please indicate whether the following financial information is recorded using Governmental or Proprietary fund types GOVERNMENTAL (MODIFIED ACCRUAL BASIS) PROPRIETARY (CASH OR BUDGETARY BASIS) 1/29/2024 3 Line# 2-1 Taxes:Property (report mills levied in Question 10-6) 2-2 Specific ownership 2-3 Sales and use 2-4 Other (specify): 2-5 2-6 Grants 2-7 Conservation Trust Funds (Lottery) 2-8 Highway Users Tax Funds (HUTF) 2-9 Other (specify): 2-10 2-11 2-12 2-13 2-14 2-15 Debt proceeds 2-16 2-17 Developer Advances received (should agree with line 4-4) 2-18 2-19 2-20 2-21 2-22 2-23 2-24 Line# 3-1 3-2 3-3 3-4 3-5 3-6 3-7 3-8 3-9 3-10 3-11 3-12 3-13 3-14 3-15 3-16 3-17 Debt service principal (should agree with Part 4) 3-18 3-19 Repayment of Developer Advance Principal (should agree with line 4-4) 3-20 3-21 Contribution to pension plan (should agree to line 7-2) 3-22 Contribution to Fire & Police Pension Assoc. (should agree to line 7-2) 3-23 3-24 3-25 3-26 Charges for services Investment income Special assessments Proceeds from sale of capital assets Other (specify): -$ -$ Salaries Payroll taxes Contract services -$ -$ -$ -$ -$ -$ -$ Repair and maintenance Supplies Public health Streets and highways -$ -$ Utilities and telephone Fire/Police -$ -$ Utility operations Culture and recreation 16,252$ Licenses and permits 16,252$ Intergovernmental: Fines and forfeits Employee benefits -$ Please use this space to provide any necessary explanations -$ Description (add lines 3-1 through 3-24) TOTAL EXPENDITURES/EXPENSES Debt service interest Other (specify): Insurance Accounting and legal fees Repayment of Developer Advance Interest If TOTAL REVENUE (Line 2-24) or TOTAL EXPENDITURES (Line 3-26) are GREATER than $100,000 - STOP. You may not use this form. Please use the "Application for Exemption from Audit - LONG FORM". Capital outlay PART 2 - REVENUE Description Round to nearest Dollar REVENUE: All revenues for all funds must be reflected in this section, including proceeds from the sale of the government's land, building, and equipment, and proceeds from debt or lease transactions. Financial information will not include fund equity information. Administrative -$ The amount shown as general obligation bonds in Part 4 are actually a general obligation pledge for bonds issued by Haymeadow Metro District No. 5. The bond proceeds were not received by this District No. 1 and therefore are not recorded in the funds but the debt obligation is shown as a government- wide liability. 656$ -$ Round to nearest Dollar -$ Donations -$ -$ -$ -$ -$ -$ -$ EXPENDITURES: All expenditures for all funds must be reflected in this section, including the purchase of capital assets and principal and interest payments on long-term debt. Financial information will not include fund equity information. PART 3 - EXPENDITURES/EXPENSES Fire and police pension -$ -$ 15,344$ 874$ -$ -$ -$ -$ -$ -$ -$ Charges for utility services (should agree with line 4-4, column 2) Lease proceeds (add lines 2-1 through 2-23) TOTAL REVENUE -$ -$ -$ -$ -$ -$ -$ -$ -$ 16,874$ Please use this space to provide any necessary explanations 4 Yes No 4-1 4-2 4-3 4-4 -$ 2,650,000$ -$ 2,650,000$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ 2,650,000$ -$ 2,650,000$ **Subscription Based Information Technology Arrangements *Must agree to prior year-end balance Yes No 4-5 4-6 If yes: 4-7 If yes: 4-8 Amount Total 5-1 16,555$ 5-2 -$ 16,555$ -$ -$ -$ -$ -$ 16,555$ Yes No N/A 5-4 5-5 Certificates of deposit Total Cash Deposits YEAR-END Total of ALL Checking and Savings Accounts Total Investments Total Cash and Investments Outstanding at year- end Outstanding at end of prior year* Please answer the following questions by marking the appropriate boxes. What is being leased? Issued during year Other (specify): Please provide the entity's cash deposit and investment balances. -$ Debt is a general obligation pledge to levy up to 50 mills to pay a portion of the Financing Costs of Haymeadow Metro District No. 5 Bonds. It is a cash flow obligation with no specific repayment schedule. What is the amount outstanding?-$ Investments (if investment is a mutual fund, please list underlying investments): PART 5 - CASH AND INVESTMENTS 5-3 If yes: Are the entity's deposits in an eligible (Public Deposit Protection Act) public depository (Section 11-10.5-101, et seq. C.R.S.)? If no, MUST use this space to provide any explanations: If yes: Please answer the following questions by marking the appropriate boxes.Does the entity have any authorized, but unissued, debt? How much? If Yes, please attach a copy of the entity's Debt Repayment Schedule. How much?-$ 73,750,000.00$ General obligation bonds Revenue bonds Notes/Loans Lease & SBITA** Liabilities [GASB 87 & 96] Developer Advances Date the debt was authorized: Does the entity intend to issue debt within the next calendar year? Does the entity have any lease agreements? Does the entity have debt that has been refinanced that it is still responsible for? Number of years of lease? PART 4 - DEBT OUTSTANDING, ISSUED, AND RETIRED Retired during year TOTAL Are the entity's Investments legal in accordance with Section 24-75-601, et. seq., C.R.S.? What is the original date of the lease? 5/2/2023 Please answer the following questions by marking in the appropriate boxes Part 4 - Please use this space to provide any explanations/comments or attach separate documentation, if needed Please complete the following debt schedule, if applicable: (please only include principal amounts)(enter all amount as positive numbers) Is the debt repayment schedule attached? If no, MUST explain below: Does the entity have outstanding debt? What are the annual lease payments? Is the lease subject to annual appropriation? Is the entity current in its debt service payments? If no, MUST explain below: 5 Yes No 6-1 6-2 6-3 Balance - beginning of the year* Additions (Must be included in Part 3) Deletions Year-End Balance -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ *must tie to prior year ending balance Yes No 7-1 7-2 -$ -$ -$ -$ -$ Yes No N/A 8-1 8-2 If yes: Buildings Please answer the following questions by marking in the appropriate boxes. What is the monthly benefit paid for 20 years of service per retiree as of Jan 1? Does the entity have capital assets? Who administers the plan? Please answer the following questions by marking in the appropriate boxes. Machinery and equipment Furniture and fixtures Infrastructure Construction In Progress (CIP) Indicate the contributions from: Leased & SBITA Right-to-Use Assets State contribution amount: Other (gifts, donations, etc.): Part 6 - Please use this space to provide any explanations/comments or attach documentation, if needed: Part 7 - Please use this space to provide any explanations or comments: PART 8 - BUDGET INFORMATION If yes: Other (explain): TOTAL Does the entity have an "old hire" firefighters' pension plan? Total Appropriations By Fund 17,043$ Please answer the following questions by marking in the appropriate boxes. Complete the following capital & right-to-use assets table: Land Has the entity performed an annual inventory of capital assets in accordance with Section 29-1-506, C.R.S.,? If no, MUST explain: Does the entity have a volunteer firefighters' pension plan? General Fund Budgeted Expenditures Did the entity file a budget with the Department of Local Affairs for the current year in accordance with Section 29-1-113 C.R.S.? If no, MUST explain: PART 6 - CAPITAL AND RIGHT-TO-USE ASSETS PART 7 - PENSION INFORMATION Accumulated Depreciation/Amortization (Please enter a negative, or credit, balance) Please indicate the amount budgeted for each fund for the year reported: Did the entity pass an appropriations resolution, in accordance with Section 29-1-108 C.R.S.? If no, MUST explain: Tax (property, SO, sales, etc.): Fund NameGovernmental/Proprietary Fund Name TOTAL 6 Yes No 9-1 Yes No 10-1 If yes:Date of formation: 10-2 10-3 10-4 If yes: 10-5 If yes: 10-6 If yes: Yes No N/A 10-7 Has the entity changed its name in the past or current year? Has the district filed a Title 32, Article 1 Special District Notice of Inactive Status during If no, MUST explain: Please use this space to provide any additional explanations or comments not previously included: Parks/Rec, Drainage, streets, (non) & potable water; Sewer, Transportation Impr. Traffic & Safety PART 9 - TAXPAYER'S BILL OF RIGHTS (TABOR) Please indicate what services the entity provides: If yes: Affiliated Dist HMMD#6 will manage construction and operations of public improvements on behalf of this Dist Please list the NEW name & PRIOR name: 50.000 Does the entity have an agreement with another government to provide services? Is the entity a metropolitan district? 50.000 Bond Redemption mills General/Other mills Total mills Please provide the following mills levied for the year reported (do not report $ amounts): PART 10 - GENERAL INFORMATION List the name of the other governmental entity and the services provided: Is this application for a newly formed governmental entity? Date Filed: Does the entity have a certified Mill Levy? - Please answer the following questions by marking in the appropriate boxes. Is the entity in compliance with all the provisions of TABOR [State Constitution, Article X, Section 20(5)]? Please answer the following question by marking in the appropriate box Note: An election to exempt the government from the spending limitations of TABOR does not exempt the government from the 3 percent emergency reserve requirement. All governments should determine if they meet this requirement of TABOR. NEW 2023! If the entity is a Title 32 Special District formed on or after 7/1/2000, has the entity filed its preceding year annual report with the State Auditor as required under SB 21-262 [Section 32-1-207 C.R.S.]? If NO, please explain. 7 YES NO 12-1 Please answer the following question by marking in the appropriate box If you plan to submit this form electronically, have you read the new Electronic Signature Policy? PART 11 - GOVERNING BODY APPROVAL Office of the State Auditor — Local Government Division - Exemption Form Electronic Signatures Policy and Procedure Policy - Requirements The Office of the State Auditor Local Government Audit Division may accept an electronic submission of an application for exemption from audit that includes governing board signatures obtained through a program such as Docusign or Echosign. Required elements and safeguards are as follows: • The preparer of the application is responsible for obtaining board signatures that comply with the requirement in Section 29-1-604 (3), C.R.S., that states the application shall be personally reviewed, approved, and signed by a majority of the members of the governing body. • The application must be accompanied by the signature history document created by the electronic signature software. The signature history document must show when the document was created and when the document was emailed to the various parties, and include the dates the individual board members signed the document. The signature history must also show the individuals' email addresses and IP address. • Office of the State Auditor staff will not coordinate obtaining signatures. The application for exemption from audit form created by our office includes a section for governing body approval. Local governing boards note their approval and submit the application through one of the following three methods: 1) Submit the application in hard copy via the US Mail including original signatures. 2) Submit the application electronically via email and either, a. Include a copy of an adopted resolution that documents formal approval by the Board, or b. Include electronic signatures obtained through a software program such as Docusign or Echosign in accordance with the requirements noted above. X0A0T 9 Michael Hood Print the names of ALL members of current governing body below. Board Member 3 Board Member 6 Print Board Member's Name Print Board Member's Name I ______________________________ , attest I am a duly elected or appointed board member, and that I have personally reviewed and approve this application for exemption from audit. Signed__________________________________ Date:_____________________ My term Expires:May 6, 2025 Board Member 4 Scott Schlosser I ______________________________ , attest I am a duly elected or appointed board member, and that I have personally reviewed and approve this application for exemption from audit. Signed__________________________________ Date:_____________________ My term Expires: May 4, 2027 Vacancy Print Board Member's Name Vacancy Board Member 1 I ______________________________ , attest I am a duly elected or appointed board member, and that I have personally reviewed and approve this application for exemption from audit. Signed__________________________________ Date:_____________________ My term Expires: May 6, 2025 Print Board Member's Name Board Member 2 I ______________________________ , attest I am a duly elected or appointed board member, and that I have personally reviewed and approve this application for exemption from audit. Signed__________________________________ Date:_____________________ My term Expires: May 4,2027 Print Board Member's Name I Jens Werner, attest I am a duly elected or appointed board member, and that I have personally reviewed and approve this application for exemption from audit. Signed__________________________________ Date:_____________________ My term Expires:May 6, 2025 Jens Werner A MAJORITY of the members of the governing body must sign below. I ______________________________ , attest I am a duly elected or appointed board member, and that I have personally reviewed and approve this application for exemption from audit. Signed__________________________________ Date:_____________________ My term Expires:______________________ Print Board Member's Name Board Member 7 Board Member 5 Print Board Member's Name I ______________________________ , attest I am a duly elected or appointed board member, and that I have personally reviewed and approve this application for exemption from audit. Signed__________________________________ Date:_____________________ My term Expires:______________________ 10 Click Here --or-- PRIOR YEAR FORMS ARE OBSOLETE AND WILL NOT BE ACCEPTED. APPLICATIONS SUBMITTED ON FORMS OTHER THAN THOSE PRESCRIBED BY THE OSA WILL NOT BE ACCEPTED. APPLICATIONS MUST BE FULLY AND ACCURATELY COMPLETED. FOR YOUR REFERENCE, COLORADO REVISED STATUTES CAN BE FOUND AT: http://www.lexisnexis.com/hottopics/Colorado/ Has the entity corrected all Prior Year Deficiencies as communicated by the OSA? Checkout our web portal. Register your account and submit electronic Applications for Exemption From Audit, Extension of Time to File requests, Audited Financial Statements, and more! See the link below. Has the preparer signed the application? Will this application be submitted electronically?Click here to go to the portal If yes, have you read and understand the new Electronic Signature Policy? See new policy -> APPLICATION FOR EXEMPTION FROM AUDIT If yes, have you included a resolution? GOVERNMENTAL ACTIVITY SHOULD BE REPORTED ON THE MODIFIED ACCRUAL BASIS PROPRIETARY ACTIVITY SHOULD BE REPORTED ON A BUDGETARY BASIS SHORT FORM To qualify for exemption from audit, a local government must complete an Application for Exemption from Audit EACH YEAR and submit it to the Office of the State Auditor (OSA). Approval for an exemption from audit is granted only upon the review by the OSA. IF EITHER REVENUES OR EXPENDITURES EXCEED $100,000, USE THE LONG FORM. Will this application be submitted via a mail service? (e.g. US Post Office, FedEx, UPS, courier.) If yes, does the application include ORIGINAL INK SIGNATURES from the MAJORITY of the governing body? Does the resolution state that the governing body PERSONALLY reviewed and approved the resolution in an open public meeting? Has the resolution been signed by a MAJORITY of the governing body? (See sample resolution.) Did you include any relevant explanations for unusual items in the appropriate spaces at the end of each section? Has the application been PERSONALLY reviewed and approved by the governing body? Under the Local Government Audit Law (Section 29-1-601, et seq., C.R.S.) any local government may apply for an exemption from audit if neither revenues nor expenditures exceed $750,000 in the year. READ ALL INSTRUCTIONS BEFORE COMPLETING AND SUBMITTING THIS FORM ALL APPLICATIONS MUST BE FILED WITH THE OSA WITHIN 3 MONTHS AFTER THE ACCOUNTING YEAR-END. FOR EXAMPLE, APPLICATIONS MUST BE RECEIVED BY THE OSA ON OR BEFORE MARCH 31 FOR GOVERNMENTS WITH A DECEMBER 31 YEAR-END. APPLICATIONS FOR EXEMPTION FROM AUDIT ARE NOT ELIGIBLE FOR AN EXTENSION OF TIME POSTMARK DATES WILL NOT BE ACCEPTED AS PROOF OF SUBMISSION ON OR BEFORE THE STATUATORY DEADLINE CHECKLIST EXEMPTIONS FROM AUDIT ARE NOT AUTOMATIC Any preparer of an Application for Exemption from Audit-SHORT FORM must be a person skilled in governmental accounting. 1 Register and submit your Applications at our web portal! For faster processing the web portal is the preferred method for submission MAIL: Failure to file an application or denial of the request could cause the local government to lose its exemption from audit for that year and the ensuing year. In that event, AN AUDIT SHALL BE REQUIRED. All Applications for Exemption from Audit are subject to review and approval by the Office of the State Auditor. 1525 Sherman St., 7th Floor Denver, CO 80203 Please Note: The OSA's email addresses have changed as of December 1, 2023. Please ensure you are using the email address noted below. Email: osa.lg@coleg.gov OR Phone: 303-869-3000 https://apps.leg.co.gov/osa/lgWEB PORTAL: Governmental Activity should be reported on the Modified Accrual Basis Local Government Audit Division Proprietary Activity should be reported on the Cash or Budgetary Basis FILING METHODS IMPORTANT! Office of the State Auditor QUESTIONS? 2 1/29/2024 Please indicate whether the following financial information is recorded using Governmental or Proprietary fund types GOVERNMENTAL (MODIFIED ACCRUAL BASIS) PROPRIETARY (CASH OR BUDGETARY BASIS) PREPARER (SIGNATURE REQUIRED)DATE PREPARED FIRM NAME (if applicable) PHONE TITLE Marchetti & Weaver, LLC For the Year Ended 12/31/23 APPLICATION FOR EXEMPTION FROM AUDIT or fiscal year ended: Haymeadow Metropolitan District No.2 (970) 926-6060 Principal/CPA 28 2nd St, Unit 213, Edwards, CO 81632 Edwards, CO 81632 debbie@mwcpaa.com SHORT FORM CONTACT PERSON PHONE EMAIL Kenneth J Marchetti PART 1 - CERTIFICATION OF PREPARER NAME: I certify that I am skilled in governmental accounting and that the information in the application is complete and accurate, to the best of my knowledge. NAME OF GOVERNMENT ADDRESS Debbie Braucht (970) 926-6060 28 2nd Ste., Unit 213 ADDRESS 3 Line# 2-1 Taxes:Property (report mills levied in Question 10-6) 2-2 Specific ownership 2-3 Sales and use 2-4 Other (specify): 2-5 2-6 Grants 2-7 Conservation Trust Funds (Lottery) 2-8 Highway Users Tax Funds (HUTF) 2-9 Other (specify): 2-10 2-11 2-12 2-13 2-14 2-15 Debt proceeds 2-16 2-17 Developer Advances received (should agree with line 4-4) 2-18 2-19 2-20 2-21 2-22 2-23 2-24 Line# 3-1 3-2 3-3 3-4 3-5 3-6 3-7 3-8 3-9 3-10 3-11 3-12 3-13 3-14 3-15 3-16 3-17 Debt service principal (should agree with Part 4) 3-18 3-19 Repayment of Developer Advance Principal (should agree with line 4-4) 3-20 3-21 Contribution to pension plan (should agree to line 7-2) 3-22 Contribution to Fire & Police Pension Assoc. (should agree to line 7-2) 3-23 3-24 3-25 3-26 -$ -$ -$ -$ -$ -$ -$ 1,073$ Please use this space to provide any necessary explanations Charges for utility services (should agree with line 4-4, column 2) Lease proceeds (add lines 2-1 through 2-23) TOTAL REVENUE -$ -$ -$ -$ EXPENDITURES: All expenditures for all funds must be reflected in this section, including the purchase of capital assets and principal and interest payments on long-term debt. Financial information will not include fund equity information. PART 3 - EXPENDITURES/EXPENSES Fire and police pension -$ -$ 975$ 55$ -$ -$ -$ -$ -$ -$ -$ Administrative -$ The amount shown as general obligation bonds in Part 4 are actually a general obligation pledge for bonds issued by Haymeadow Metro District No. 5. The bond proceeds were not received by this District No. 2 and therefore are not recorded in the funds but the debt obligation is shown as a government- wide liability. 43$ -$ Round to nearest Dollar -$ Donations -$ -$ -$ -$ -$ PART 2 - REVENUE Description Round to nearest Dollar REVENUE: All revenues for all funds must be reflected in this section, including proceeds from the sale of the government's land, building, and equipment, and proceeds from debt or lease transactions. Financial information will not include fund equity information. Licenses and permits 1,030$ Intergovernmental: Fines and forfeits Employee benefits -$ Please use this space to provide any necessary explanations -$ Description (add lines 3-1 through 3-24) TOTAL EXPENDITURES/EXPENSES Debt service interest Other (specify): Insurance Accounting and legal fees Repayment of Developer Advance Interest If TOTAL REVENUE (Line 2-24) or TOTAL EXPENDITURES (Line 3-26) are GREATER than $100,000 - STOP. You may not use this form. Please use the "Application for Exemption from Audit - LONG FORM". Capital outlay Repair and maintenance Supplies Public health Streets and highways -$ -$ Utilities and telephone Fire/Police -$ -$ Utility operations Culture and recreation 1,030$ Charges for services Investment income Special assessments Proceeds from sale of capital assets Other (specify): -$ -$ Salaries Payroll taxes Contract services -$ -$ -$ -$ -$ -$ -$ 4 Yes No 4-1 4-2 4-3 4-4 -$ 2,650,000$ -$ 2,650,000$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ 2,650,000$ -$ 2,650,000$ **Subscription Based Information Technology Arrangements *Must agree to prior year-end balance Yes No 4-5 4-6 If yes: 4-7 If yes: 4-8 Amount Total 5-1 1,090$ 5-2 -$ 1,090$ -$ -$ -$ -$ -$ 1,090$ Yes No N/A 5-4 5-5 Is the entity current in its debt service payments? If no, MUST explain below: Please complete the following debt schedule, if applicable: (please only include principal amounts)(enter all amount as positive numbers) Is the debt repayment schedule attached? If no, MUST explain below: Does the entity have outstanding debt? What are the annual lease payments? Is the lease subject to annual appropriation? What is the original date of the lease? 5/2/2023 Please answer the following questions by marking in the appropriate boxes Part 4 - Please use this space to provide any explanations/comments or attach separate documentation, if needed Number of years of lease? PART 4 - DEBT OUTSTANDING, ISSUED, AND RETIRED Retired during year TOTAL Are the entity's Investments legal in accordance with Section 24-75-601, et. seq., C.R.S.? Does the entity have any lease agreements? Does the entity have debt that has been refinanced that it is still responsible for? How much?-$ 73,750,000.00$ General obligation bonds Revenue bonds Notes/Loans Lease & SBITA** Liabilities [GASB 87 & 96] Developer Advances Date the debt was authorized: Does the entity intend to issue debt within the next calendar year? If yes: Please answer the following questions by marking the appropriate boxes.Does the entity have any authorized, but unissued, debt? How much? If Yes, please attach a copy of the entity's Debt Repayment Schedule. Are the entity's deposits in an eligible (Public Deposit Protection Act) public depository (Section 11-10.5-101, et seq. C.R.S.)? If no, MUST use this space to provide any explanations: Investments (if investment is a mutual fund, please list underlying investments): PART 5 - CASH AND INVESTMENTS 5-3 If yes: Issued during year Other (specify): Please provide the entity's cash deposit and investment balances. -$ Debt is a general obligation pledge to levy up to 50 mills to pay a portion of the Financing Costs of Haymeadow Metro District No. 5 Bonds. It is a cash flow obligation with no specific repayment schedule. What is the amount outstanding?-$ Outstanding at year- end Outstanding at end of prior year* Please answer the following questions by marking the appropriate boxes. What is being leased? Certificates of deposit Total Cash Deposits YEAR-END Total of ALL Checking and Savings Accounts Total Investments Total Cash and Investments 5 Yes No 6-1 6-2 6-3 Balance - beginning of the year* Additions (Must be included in Part 3) Deletions Year-End Balance -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ *must tie to prior year ending balance Yes No 7-1 7-2 -$ -$ -$ -$ -$ Yes No N/A 8-1 8-2 If yes: Fund NameGovernmental/Proprietary Fund Name TOTAL Has the entity performed an annual inventory of capital assets in accordance with Section 29-1-506, C.R.S.,? If no, MUST explain: Does the entity have a volunteer firefighters' pension plan? General Fund Budgeted Expenditures Did the entity file a budget with the Department of Local Affairs for the current year in accordance with Section 29-1-113 C.R.S.? If no, MUST explain: PART 6 - CAPITAL AND RIGHT-TO-USE ASSETS PART 7 - PENSION INFORMATION Accumulated Depreciation/Amortization (Please enter a negative, or credit, balance) Please indicate the amount budgeted for each fund for the year reported: Did the entity pass an appropriations resolution, in accordance with Section 29-1-108 C.R.S.? If no, MUST explain: Tax (property, SO, sales, etc.): Complete the following capital & right-to-use assets table: Land TOTAL Does the entity have an "old hire" firefighters' pension plan? Total Appropriations By Fund 2,030$ Please answer the following questions by marking in the appropriate boxes. Part 6 - Please use this space to provide any explanations/comments or attach documentation, if needed: Part 7 - Please use this space to provide any explanations or comments: PART 8 - BUDGET INFORMATION If yes: Other (explain): Please answer the following questions by marking in the appropriate boxes. Machinery and equipment Furniture and fixtures Infrastructure Construction In Progress (CIP) Indicate the contributions from: Leased & SBITA Right-to-Use Assets State contribution amount: Other (gifts, donations, etc.): Buildings Please answer the following questions by marking in the appropriate boxes. What is the monthly benefit paid for 20 years of service per retiree as of Jan 1? Does the entity have capital assets? Who administers the plan? 6 Yes No 9-1 Yes No 10-1 If yes:Date of formation: 10-2 10-3 10-4 If yes: 10-5 If yes: 10-6 If yes: Yes No N/A 10-7 NEW 2023! If the entity is a Title 32 Special District formed on or after 7/1/2000, has the entity filed its preceding year annual report with the State Auditor as required under SB 21-262 [Section 32-1-207 C.R.S.]? If NO, please explain. Please answer the following questions by marking in the appropriate boxes. Is the entity in compliance with all the provisions of TABOR [State Constitution, Article X, Section 20(5)]? Please answer the following question by marking in the appropriate box Note: An election to exempt the government from the spending limitations of TABOR does not exempt the government from the 3 percent emergency reserve requirement. All governments should determine if they meet this requirement of TABOR. Does the entity have a certified Mill Levy? - PART 10 - GENERAL INFORMATION List the name of the other governmental entity and the services provided: Is this application for a newly formed governmental entity? Date Filed: 50.000 Does the entity have an agreement with another government to provide services? Is the entity a metropolitan district? 50.000 Bond Redemption mills General/Other mills Total mills Please provide the following mills levied for the year reported (do not report $ amounts): If yes: Affiliated Dist HMMD#6 will manage construction and operations of public improvements on behalf of this Dist Please list the NEW name & PRIOR name: Parks/Rec, Drainage, streets, (non) & potable water; Sewer, Transportation Impr. Traffic & Safety PART 9 - TAXPAYER'S BILL OF RIGHTS (TABOR) Please indicate what services the entity provides: Has the entity changed its name in the past or current year? Has the district filed a Title 32, Article 1 Special District Notice of Inactive Status during If no, MUST explain: Please use this space to provide any additional explanations or comments not previously included: 7 YES NO 12-1 Office of the State Auditor — Local Government Division - Exemption Form Electronic Signatures Policy and Procedure Policy - Requirements The Office of the State Auditor Local Government Audit Division may accept an electronic submission of an application for exemption from audit that includes governing board signatures obtained through a program such as Docusign or Echosign. Required elements and safeguards are as follows: • The preparer of the application is responsible for obtaining board signatures that comply with the requirement in Section 29-1-604 (3), C.R.S., that states the application shall be personally reviewed, approved, and signed by a majority of the members of the governing body. • The application must be accompanied by the signature history document created by the electronic signature software. The signature history document must show when the document was created and when the document was emailed to the various parties, and include the dates the individual board members signed the document. The signature history must also show the individuals' email addresses and IP address. • Office of the State Auditor staff will not coordinate obtaining signatures. The application for exemption from audit form created by our office includes a section for governing body approval. Local governing boards note their approval and submit the application through one of the following three methods: 1) Submit the application in hard copy via the US Mail including original signatures. 2) Submit the application electronically via email and either, a. Include a copy of an adopted resolution that documents formal approval by the Board, or b. Include electronic signatures obtained through a software program such as Docusign or Echosign in accordance with the requirements noted above. PART 11 - GOVERNING BODY APPROVAL Please answer the following question by marking in the appropriate box If you plan to submit this form electronically, have you read the new Electronic Signature Policy? X0A0T 9 Print Board Member's Name I Jens Werner, attest I am a duly elected or appointed board member, and that I have personally reviewed and approve this application for exemption from audit. Signed__________________________________ Date:_____________________ My term Expires:May 6, 2025 Jens Werner A MAJORITY of the members of the governing body must sign below. I ______________________________ , attest I am a duly elected or appointed board member, and that I have personally reviewed and approve this application for exemption from audit. Signed__________________________________ Date:_____________________ My term Expires:______________________ Print Board Member's Name Board Member 7 Board Member 5 Print Board Member's Name I ______________________________ , attest I am a duly elected or appointed board member, and that I have personally reviewed and approve this application for exemption from audit. Signed__________________________________ Date:_____________________ My term Expires:______________________ Vacancy Board Member 1 I ______________________________ , attest I am a duly elected or appointed board member, and that I have personally reviewed and approve this application for exemption from audit. Signed__________________________________ Date:_____________________ My term Expires: May 6, 2025 Print Board Member's Name Board Member 2 I ______________________________ , attest I am a duly elected or appointed board member, and that I have personally reviewed and approve this application for exemption from audit. Signed__________________________________ Date:_____________________ My term Expires: May 4,2027 Board Member 6 Print Board Member's Name Print Board Member's Name I ______________________________ , attest I am a duly elected or appointed board member, and that I have personally reviewed and approve this application for exemption from audit. Signed__________________________________ Date:_____________________ My term Expires:May 6, 2025 Board Member 4 Scott Schlosser I ______________________________ , attest I am a duly elected or appointed board member, and that I have personally reviewed and approve this application for exemption from audit. Signed__________________________________ Date:_____________________ My term Expires: May 4, 2027 Vacancy Print Board Member's Name Board Member 3 Michael Hood Print the names of ALL members of current governing body below. 10 Click Here --or-- PRIOR YEAR FORMS ARE OBSOLETE AND WILL NOT BE ACCEPTED. APPLICATIONS SUBMITTED ON FORMS OTHER THAN THOSE PRESCRIBED BY THE OSA WILL NOT BE ACCEPTED. APPLICATIONS MUST BE FULLY AND ACCURATELY COMPLETED. FOR YOUR REFERENCE, COLORADO REVISED STATUTES CAN BE FOUND AT: http://www.lexisnexis.com/hottopics/Colorado/ Has the entity corrected all Prior Year Deficiencies as communicated by the OSA? Checkout our web portal. Register your account and submit electronic Applications for Exemption From Audit, Extension of Time to File requests, Audited Financial Statements, and more! See the link below. Has the preparer signed the application? Will this application be submitted electronically?Click here to go to the portal If yes, have you read and understand the new Electronic Signature Policy? See new policy -> APPLICATION FOR EXEMPTION FROM AUDIT If yes, have you included a resolution? GOVERNMENTAL ACTIVITY SHOULD BE REPORTED ON THE MODIFIED ACCRUAL BASIS PROPRIETARY ACTIVITY SHOULD BE REPORTED ON A BUDGETARY BASIS SHORT FORM To qualify for exemption from audit, a local government must complete an Application for Exemption from Audit EACH YEAR and submit it to the Office of the State Auditor (OSA). Approval for an exemption from audit is granted only upon the review by the OSA. IF EITHER REVENUES OR EXPENDITURES EXCEED $100,000, USE THE LONG FORM. Will this application be submitted via a mail service? (e.g. US Post Office, FedEx, UPS, courier.) If yes, does the application include ORIGINAL INK SIGNATURES from the MAJORITY of the governing body? Does the resolution state that the governing body PERSONALLY reviewed and approved the resolution in an open public meeting? Has the resolution been signed by a MAJORITY of the governing body? (See sample resolution.) Did you include any relevant explanations for unusual items in the appropriate spaces at the end of each section? Has the application been PERSONALLY reviewed and approved by the governing body? Under the Local Government Audit Law (Section 29-1-601, et seq., C.R.S.) any local government may apply for an exemption from audit if neither revenues nor expenditures exceed $750,000 in the year. READ ALL INSTRUCTIONS BEFORE COMPLETING AND SUBMITTING THIS FORM ALL APPLICATIONS MUST BE FILED WITH THE OSA WITHIN 3 MONTHS AFTER THE ACCOUNTING YEAR-END. FOR EXAMPLE, APPLICATIONS MUST BE RECEIVED BY THE OSA ON OR BEFORE MARCH 31 FOR GOVERNMENTS WITH A DECEMBER 31 YEAR-END. APPLICATIONS FOR EXEMPTION FROM AUDIT ARE NOT ELIGIBLE FOR AN EXTENSION OF TIME POSTMARK DATES WILL NOT BE ACCEPTED AS PROOF OF SUBMISSION ON OR BEFORE THE STATUATORY DEADLINE CHECKLIST EXEMPTIONS FROM AUDIT ARE NOT AUTOMATIC Any preparer of an Application for Exemption from Audit-SHORT FORM must be a person skilled in governmental accounting. 1 Register and submit your Applications at our web portal! For faster processing the web portal is the preferred method for submission MAIL: Failure to file an application or denial of the request could cause the local government to lose its exemption from audit for that year and the ensuing year. In that event, AN AUDIT SHALL BE REQUIRED. All Applications for Exemption from Audit are subject to review and approval by the Office of the State Auditor. 1525 Sherman St., 7th Floor Denver, CO 80203 Please Note: The OSA's email addresses have changed as of December 1, 2023. Please ensure you are using the email address noted below. Email: osa.lg@coleg.gov OR Phone: 303-869-3000 https://apps.leg.co.gov/osa/lgWEB PORTAL: Governmental Activity should be reported on the Modified Accrual Basis Local Government Audit Division Proprietary Activity should be reported on the Cash or Budgetary Basis FILING METHODS IMPORTANT! Office of the State Auditor QUESTIONS? 2 1/29/2024 Please indicate whether the following financial information is recorded using Governmental or Proprietary fund types GOVERNMENTAL (MODIFIED ACCRUAL BASIS) PROPRIETARY (CASH OR BUDGETARY BASIS) PREPARER (SIGNATURE REQUIRED)DATE PREPARED FIRM NAME (if applicable) PHONE TITLE Marchetti & Weaver, LLC For the Year Ended 12/31/23 APPLICATION FOR EXEMPTION FROM AUDIT or fiscal year ended: Haymeadow Metropolitan District No.3 (970) 926-6060 Principal/CPA 28 2nd St, Unit 213, Edwards, CO 81632 Edwards, CO 81632 debbie@mwcpaa.com SHORT FORM CONTACT PERSON PHONE EMAIL Kenneth J Marchetti PART 1 - CERTIFICATION OF PREPARER NAME: I certify that I am skilled in governmental accounting and that the information in the application is complete and accurate, to the best of my knowledge. NAME OF GOVERNMENT ADDRESS Debbie Braucht (970) 926-6060 28 2nd Ste., Unit 213 ADDRESS 3 Line# 2-1 Taxes:Property (report mills levied in Question 10-6) 2-2 Specific ownership 2-3 Sales and use 2-4 Other (specify): 2-5 2-6 Grants 2-7 Conservation Trust Funds (Lottery) 2-8 Highway Users Tax Funds (HUTF) 2-9 Other (specify): 2-10 2-11 2-12 2-13 2-14 2-15 Debt proceeds 2-16 2-17 Developer Advances received (should agree with line 4-4) 2-18 2-19 2-20 2-21 2-22 2-23 2-24 Line# 3-1 3-2 3-3 3-4 3-5 3-6 3-7 3-8 3-9 3-10 3-11 3-12 3-13 3-14 3-15 3-16 3-17 Debt service principal (should agree with Part 4) 3-18 3-19 Repayment of Developer Advance Principal (should agree with line 4-4) 3-20 3-21 Contribution to pension plan (should agree to line 7-2) 3-22 Contribution to Fire & Police Pension Assoc. (should agree to line 7-2) 3-23 3-24 3-25 3-26 -$ -$ -$ -$ -$ -$ -$ 2,949$ Please use this space to provide any necessary explanations Charges for utility services (should agree with line 4-4, column 2) Lease proceeds (add lines 2-1 through 2-23) TOTAL REVENUE -$ -$ -$ -$ EXPENDITURES: All expenditures for all funds must be reflected in this section, including the purchase of capital assets and principal and interest payments on long-term debt. Financial information will not include fund equity information. PART 3 - EXPENDITURES/EXPENSES Fire and police pension -$ -$ 2,671$ 150$ -$ -$ -$ -$ -$ -$ -$ Administrative -$ The amount shown as general obligation bonds in Part 4 are actually a general obligation pledge for bonds issued by Haymeadow Metro District No. 5. The bond proceeds were not received by this District No. 3 and therefore are not recorded in the funds but the debt obligation is shown as a government- wide liability. 127$ -$ Round to nearest Dollar -$ Donations -$ -$ -$ -$ -$ PART 2 - REVENUE Description Round to nearest Dollar REVENUE: All revenues for all funds must be reflected in this section, including proceeds from the sale of the government's land, building, and equipment, and proceeds from debt or lease transactions. Financial information will not include fund equity information. Licenses and permits 2,838$ Intergovernmental: Fines and forfeits Employee benefits -$ Please use this space to provide any necessary explanations -$ Description (add lines 3-1 through 3-24) TOTAL EXPENDITURES/EXPENSES Debt service interest Other (specify): Insurance Accounting and legal fees Repayment of Developer Advance Interest If TOTAL REVENUE (Line 2-24) or TOTAL EXPENDITURES (Line 3-26) are GREATER than $100,000 - STOP. You may not use this form. Please use the "Application for Exemption from Audit - LONG FORM". Capital outlay Repair and maintenance Supplies Public health Streets and highways -$ -$ Utilities and telephone Fire/Police -$ -$ Utility operations Culture and recreation 2,838$ Charges for services Investment income Special assessments Proceeds from sale of capital assets Other (specify): -$ -$ Salaries Payroll taxes Contract services -$ -$ -$ -$ -$ -$ -$ 4 Yes No 4-1 4-2 4-3 4-4 -$ 2,650,000$ -$ 2,650,000$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ 2,650,000$ -$ 2,650,000$ **Subscription Based Information Technology Arrangements *Must agree to prior year-end balance Yes No 4-5 4-6 If yes: 4-7 If yes: 4-8 Amount Total 5-1 3,026$ 5-2 -$ 3,026$ -$ -$ -$ -$ -$ 3,026$ Yes No N/A 5-4 5-5 Is the entity current in its debt service payments? If no, MUST explain below: Please complete the following debt schedule, if applicable: (please only include principal amounts)(enter all amount as positive numbers) Is the debt repayment schedule attached? If no, MUST explain below: Does the entity have outstanding debt? What are the annual lease payments? Is the lease subject to annual appropriation? What is the original date of the lease? 5/2/2023 Please answer the following questions by marking in the appropriate boxes Part 4 - Please use this space to provide any explanations/comments or attach separate documentation, if needed Number of years of lease? PART 4 - DEBT OUTSTANDING, ISSUED, AND RETIRED Retired during year TOTAL Are the entity's Investments legal in accordance with Section 24-75-601, et. seq., C.R.S.? Does the entity have any lease agreements? Does the entity have debt that has been refinanced that it is still responsible for? How much?-$ 73,750,000.00$ General obligation bonds Revenue bonds Notes/Loans Lease & SBITA** Liabilities [GASB 87 & 96] Developer Advances Date the debt was authorized: Does the entity intend to issue debt within the next calendar year? If yes: Please answer the following questions by marking the appropriate boxes.Does the entity have any authorized, but unissued, debt? How much? If Yes, please attach a copy of the entity's Debt Repayment Schedule. Are the entity's deposits in an eligible (Public Deposit Protection Act) public depository (Section 11-10.5-101, et seq. C.R.S.)? If no, MUST use this space to provide any explanations: Investments (if investment is a mutual fund, please list underlying investments): PART 5 - CASH AND INVESTMENTS 5-3 If yes: Issued during year Other (specify): Please provide the entity's cash deposit and investment balances. -$ Debt is a general obligation pledge to levy up to 50 mills to pay a portion of the Financing Costs of Haymeadow Metro District No. 5 Bonds. It is a cash flow obligation with no specific repayment schedule. What is the amount outstanding?-$ Outstanding at year- end Outstanding at end of prior year* Please answer the following questions by marking the appropriate boxes. What is being leased? Certificates of deposit Total Cash Deposits YEAR-END Total of ALL Checking and Savings Accounts Total Investments Total Cash and Investments 5 Yes No 6-1 6-2 6-3 Balance - beginning of the year* Additions (Must be included in Part 3) Deletions Year-End Balance -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ *must tie to prior year ending balance Yes No 7-1 7-2 -$ -$ -$ -$ -$ Yes No N/A 8-1 8-2 If yes: Fund NameGovernmental/Proprietary Fund Name TOTAL Has the entity performed an annual inventory of capital assets in accordance with Section 29-1-506, C.R.S.,? If no, MUST explain: Does the entity have a volunteer firefighters' pension plan? General Fund Budgeted Expenditures Did the entity file a budget with the Department of Local Affairs for the current year in accordance with Section 29-1-113 C.R.S.? If no, MUST explain: PART 6 - CAPITAL AND RIGHT-TO-USE ASSETS PART 7 - PENSION INFORMATION Accumulated Depreciation/Amortization (Please enter a negative, or credit, balance) Please indicate the amount budgeted for each fund for the year reported: Did the entity pass an appropriations resolution, in accordance with Section 29-1-108 C.R.S.? If no, MUST explain: Tax (property, SO, sales, etc.): Complete the following capital & right-to-use assets table: Land TOTAL Does the entity have an "old hire" firefighters' pension plan? Total Appropriations By Fund 3,820$ Please answer the following questions by marking in the appropriate boxes. Part 6 - Please use this space to provide any explanations/comments or attach documentation, if needed: Part 7 - Please use this space to provide any explanations or comments: PART 8 - BUDGET INFORMATION If yes: Other (explain): Please answer the following questions by marking in the appropriate boxes. Machinery and equipment Furniture and fixtures Infrastructure Construction In Progress (CIP) Indicate the contributions from: Leased & SBITA Right-to-Use Assets State contribution amount: Other (gifts, donations, etc.): Buildings Please answer the following questions by marking in the appropriate boxes. What is the monthly benefit paid for 20 years of service per retiree as of Jan 1? Does the entity have capital assets? Who administers the plan? 6 Yes No 9-1 Yes No 10-1 If yes:Date of formation: 10-2 10-3 10-4 If yes: 10-5 If yes: 10-6 If yes: Yes No N/A 10-7 NEW 2023! If the entity is a Title 32 Special District formed on or after 7/1/2000, has the entity filed its preceding year annual report with the State Auditor as required under SB 21-262 [Section 32-1-207 C.R.S.]? If NO, please explain. Please answer the following questions by marking in the appropriate boxes. Is the entity in compliance with all the provisions of TABOR [State Constitution, Article X, Section 20(5)]? Please answer the following question by marking in the appropriate box Note: An election to exempt the government from the spending limitations of TABOR does not exempt the government from the 3 percent emergency reserve requirement. All governments should determine if they meet this requirement of TABOR. Does the entity have a certified Mill Levy? - PART 10 - GENERAL INFORMATION List the name of the other governmental entity and the services provided: Is this application for a newly formed governmental entity? Date Filed: 50.000 Does the entity have an agreement with another government to provide services? Is the entity a metropolitan district? 50.000 Bond Redemption mills General/Other mills Total mills Please provide the following mills levied for the year reported (do not report $ amounts): If yes: Affiliated Dist HMMD#6 will manage construction and operations of public improvements on behalf of this Dist Please list the NEW name & PRIOR name: Parks/Rec, Drainage, streets, (non) & potable water; Sewer, Transportation Impr. Traffic & Safety PART 9 - TAXPAYER'S BILL OF RIGHTS (TABOR) Please indicate what services the entity provides: Has the entity changed its name in the past or current year? Has the district filed a Title 32, Article 1 Special District Notice of Inactive Status during If no, MUST explain: Please use this space to provide any additional explanations or comments not previously included: 7 YES NO 12-1 Office of the State Auditor — Local Government Division - Exemption Form Electronic Signatures Policy and Procedure Policy - Requirements The Office of the State Auditor Local Government Audit Division may accept an electronic submission of an application for exemption from audit that includes governing board signatures obtained through a program such as Docusign or Echosign. Required elements and safeguards are as follows: • The preparer of the application is responsible for obtaining board signatures that comply with the requirement in Section 29-1-604 (3), C.R.S., that states the application shall be personally reviewed, approved, and signed by a majority of the members of the governing body. • The application must be accompanied by the signature history document created by the electronic signature software. The signature history document must show when the document was created and when the document was emailed to the various parties, and include the dates the individual board members signed the document. The signature history must also show the individuals' email addresses and IP address. • Office of the State Auditor staff will not coordinate obtaining signatures. The application for exemption from audit form created by our office includes a section for governing body approval. Local governing boards note their approval and submit the application through one of the following three methods: 1) Submit the application in hard copy via the US Mail including original signatures. 2) Submit the application electronically via email and either, a. Include a copy of an adopted resolution that documents formal approval by the Board, or b. Include electronic signatures obtained through a software program such as Docusign or Echosign in accordance with the requirements noted above. PART 11 - GOVERNING BODY APPROVAL Please answer the following question by marking in the appropriate box If you plan to submit this form electronically, have you read the new Electronic Signature Policy? X0A0T 9 Print Board Member's Name I Jens Werner, attest I am a duly elected or appointed board member, and that I have personally reviewed and approve this application for exemption from audit. Signed__________________________________ Date:_____________________ My term Expires:May 6, 2025 Jens Werner A MAJORITY of the members of the governing body must sign below. I ______________________________ , attest I am a duly elected or appointed board member, and that I have personally reviewed and approve this application for exemption from audit. Signed__________________________________ Date:_____________________ My term Expires:______________________ Print Board Member's Name Board Member 7 Board Member 5 Print Board Member's Name I ______________________________ , attest I am a duly elected or appointed board member, and that I have personally reviewed and approve this application for exemption from audit. Signed__________________________________ Date:_____________________ My term Expires:______________________ Vacancy Board Member 1 I ______________________________ , attest I am a duly elected or appointed board member, and that I have personally reviewed and approve this application for exemption from audit. Signed__________________________________ Date:_____________________ My term Expires: May 6, 2025 Print Board Member's Name Board Member 2 I ______________________________ , attest I am a duly elected or appointed board member, and that I have personally reviewed and approve this application for exemption from audit. Signed__________________________________ Date:_____________________ My term Expires: May 4,2027 Board Member 6 Print Board Member's Name Print Board Member's Name I ______________________________ , attest I am a duly elected or appointed board member, and that I have personally reviewed and approve this application for exemption from audit. Signed__________________________________ Date:_____________________ My term Expires:May 6, 2025 Board Member 4 Scott Schlosser I ______________________________ , attest I am a duly elected or appointed board member, and that I have personally reviewed and approve this application for exemption from audit. Signed__________________________________ Date:_____________________ My term Expires: May 4, 2027 Vacancy Print Board Member's Name Board Member 3 Michael Hood Print the names of ALL members of current governing body below. 10 Click Here --or-- Under the Local Government Audit Law (Section 29-1-601, et seq., C.R.S.) any local government may apply for an exemption from audit if neither revenues nor expenditures exceed $750,000 in the year. READ ALL INSTRUCTIONS BEFORE COMPLETING AND SUBMITTING THIS FORM ALL APPLICATIONS MUST BE FILED WITH THE OSA WITHIN 3 MONTHS AFTER THE ACCOUNTING YEAR-END. FOR EXAMPLE, APPLICATIONS MUST BE RECEIVED BY THE OSA ON OR BEFORE MARCH 31 FOR GOVERNMENTS WITH A DECEMBER 31 YEAR-END. APPLICATIONS FOR EXEMPTION FROM AUDIT ARE NOT ELIGIBLE FOR AN EXTENSION OF TIME POSTMARK DATES WILL NOT BE ACCEPTED AS PROOF OF SUBMISSION ON OR BEFORE THE STATUATORY DEADLINE CHECKLIST EXEMPTIONS FROM AUDIT ARE NOT AUTOMATIC Any preparer of an Application for Exemption from Audit-SHORT FORM must be a person skilled in governmental accounting. APPLICATION FOR EXEMPTION FROM AUDIT If yes, have you included a resolution? GOVERNMENTAL ACTIVITY SHOULD BE REPORTED ON THE MODIFIED ACCRUAL BASIS PROPRIETARY ACTIVITY SHOULD BE REPORTED ON A BUDGETARY BASIS SHORT FORM To qualify for exemption from audit, a local government must complete an Application for Exemption from Audit EACH YEAR and submit it to the Office of the State Auditor (OSA). Approval for an exemption from audit is granted only upon the review by the OSA. IF EITHER REVENUES OR EXPENDITURES EXCEED $100,000, USE THE LONG FORM. Will this application be submitted via a mail service? (e.g. US Post Office, FedEx, UPS, courier.) If yes, does the application include ORIGINAL INK SIGNATURES from the MAJORITY of the governing body? Does the resolution state that the governing body PERSONALLY reviewed and approved the resolution in an open public meeting? Has the resolution been signed by a MAJORITY of the governing body? (See sample resolution.) Did you include any relevant explanations for unusual items in the appropriate spaces at the end of each section? Has the application been PERSONALLY reviewed and approved by the governing body? Has the entity corrected all Prior Year Deficiencies as communicated by the OSA? Checkout our web portal. Register your account and submit electronic Applications for Exemption From Audit, Extension of Time to File requests, Audited Financial Statements, and more! See the link below. Has the preparer signed the application? Will this application be submitted electronically?Click here to go to the portal If yes, have you read and understand the new Electronic Signature Policy? See new policy -> PRIOR YEAR FORMS ARE OBSOLETE AND WILL NOT BE ACCEPTED. APPLICATIONS SUBMITTED ON FORMS OTHER THAN THOSE PRESCRIBED BY THE OSA WILL NOT BE ACCEPTED. APPLICATIONS MUST BE FULLY AND ACCURATELY COMPLETED. FOR YOUR REFERENCE, COLORADO REVISED STATUTES CAN BE FOUND AT: http://www.lexisnexis.com/hottopics/Colorado/ 1 Register and submit your Applications at our web portal! For faster processing the web portal is the preferred method for submission Proprietary Activity should be reported on the Cash or Budgetary Basis FILING METHODS IMPORTANT! Office of the State Auditor QUESTIONS? Governmental Activity should be reported on the Modified Accrual Basis Local Government Audit Division https://apps.leg.co.gov/osa/lgWEB PORTAL: 1525 Sherman St., 7th Floor Denver, CO 80203 Please Note: The OSA's email addresses have changed as of December 1, 2023. Please ensure you are using the email address noted below. Email: osa.lg@coleg.gov OR Phone: 303-869-3000 MAIL: Failure to file an application or denial of the request could cause the local government to lose its exemption from audit for that year and the ensuing year. In that event, AN AUDIT SHALL BE REQUIRED. All Applications for Exemption from Audit are subject to review and approval by the Office of the State Auditor. 2 ADDRESS Kenneth J Marchetti PART 1 - CERTIFICATION OF PREPARER NAME: I certify that I am skilled in governmental accounting and that the information in the application is complete and accurate, to the best of my knowledge. NAME OF GOVERNMENT ADDRESS Debbie Braucht (970) 926-6060 28 2nd Ste., Unit 213 Edwards, CO 81632 debbie@mwcpaa.com SHORT FORM CONTACT PERSON PHONE EMAIL PREPARER (SIGNATURE REQUIRED)DATE PREPARED FIRM NAME (if applicable) PHONE TITLE Marchetti & Weaver, LLC For the Year Ended 12/31/23 APPLICATION FOR EXEMPTION FROM AUDIT or fiscal year ended: Haymeadow Metropolitan District No.4 (970) 926-6060 Principal/CPA 28 2nd St, Unit 213, Edwards, CO 81632 Please indicate whether the following financial information is recorded using Governmental or Proprietary fund types GOVERNMENTAL (MODIFIED ACCRUAL BASIS) PROPRIETARY (CASH OR BUDGETARY BASIS) 1/29/2024 3 Line# 2-1 Taxes:Property (report mills levied in Question 10-6) 2-2 Specific ownership 2-3 Sales and use 2-4 Other (specify): 2-5 2-6 Grants 2-7 Conservation Trust Funds (Lottery) 2-8 Highway Users Tax Funds (HUTF) 2-9 Other (specify): 2-10 2-11 2-12 2-13 2-14 2-15 Debt proceeds 2-16 2-17 Developer Advances received (should agree with line 4-4) 2-18 2-19 2-20 2-21 2-22 2-23 2-24 Line# 3-1 3-2 3-3 3-4 3-5 3-6 3-7 3-8 3-9 3-10 3-11 3-12 3-13 3-14 3-15 3-16 3-17 Debt service principal (should agree with Part 4) 3-18 3-19 Repayment of Developer Advance Principal (should agree with line 4-4) 3-20 3-21 Contribution to pension plan (should agree to line 7-2) 3-22 Contribution to Fire & Police Pension Assoc. (should agree to line 7-2) 3-23 3-24 3-25 3-26 Charges for services Investment income Special assessments Proceeds from sale of capital assets Other (specify): -$ -$ Salaries Payroll taxes Contract services -$ -$ -$ -$ -$ -$ -$ Repair and maintenance Supplies Public health Streets and highways -$ -$ Utilities and telephone Fire/Police -$ -$ Utility operations Culture and recreation 1,090$ Licenses and permits 1,090$ Intergovernmental: Fines and forfeits Employee benefits -$ Please use this space to provide any necessary explanations -$ Description (add lines 3-1 through 3-24) TOTAL EXPENDITURES/EXPENSES Debt service interest Other (specify): Insurance Accounting and legal fees Repayment of Developer Advance Interest If TOTAL REVENUE (Line 2-24) or TOTAL EXPENDITURES (Line 3-26) are GREATER than $100,000 - STOP. You may not use this form. Please use the "Application for Exemption from Audit - LONG FORM". Capital outlay PART 2 - REVENUE Description Round to nearest Dollar REVENUE: All revenues for all funds must be reflected in this section, including proceeds from the sale of the government's land, building, and equipment, and proceeds from debt or lease transactions. Financial information will not include fund equity information. Administrative -$ The amount shown as general obligation bonds in Part 4 are actually a general obligation pledge for bonds issued by Haymeadow Metro District No. 5. The bond proceeds were not received by this District No. 4 and therefore are not recorded in the funds but the debt obligation is shown as a government- wide liability. 52$ -$ Round to nearest Dollar -$ Donations -$ -$ -$ -$ -$ -$ -$ EXPENDITURES: All expenditures for all funds must be reflected in this section, including the purchase of capital assets and principal and interest payments on long-term debt. Financial information will not include fund equity information. PART 3 - EXPENDITURES/EXPENSES Fire and police pension -$ -$ 1,025$ 55$ -$ -$ -$ -$ -$ -$ -$ Charges for utility services (should agree with line 4-4, column 2) Lease proceeds (add lines 2-1 through 2-23) TOTAL REVENUE -$ -$ -$ -$ -$ -$ -$ -$ -$ 1,133$ Please use this space to provide any necessary explanations 4 Yes No 4-1 4-2 4-3 4-4 -$ 2,650,000$ -$ 2,650,000$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ 2,650,000$ -$ 2,650,000$ **Subscription Based Information Technology Arrangements *Must agree to prior year-end balance Yes No 4-5 4-6 If yes: 4-7 If yes: 4-8 Amount Total 5-1 1,185$ 5-2 -$ 1,185$ -$ -$ -$ -$ -$ 1,185$ Yes No N/A 5-4 5-5 Certificates of deposit Total Cash Deposits YEAR-END Total of ALL Checking and Savings Accounts Total Investments Total Cash and Investments Outstanding at year-end Outstanding at end of prior year* Please answer the following questions by marking the appropriate boxes. What is being leased? Issued during year Other (specify): Please provide the entity's cash deposit and investment balances. -$ Debt is a general obligation pledge to levy up to 50 mills to pay a portion of the Financing Costs of Haymeadow Metro District No. 5 Bonds. It is a cash flow obligation with no specific repayment schedule. What is the amount outstanding?-$ Investments (if investment is a mutual fund, please list underlying investments): PART 5 - CASH AND INVESTMENTS 5-3 If yes: Are the entity's deposits in an eligible (Public Deposit Protection Act) public depository (Section 11-10.5-101, et seq. C.R.S.)? If no, MUST use this space to provide any explanations: If yes: Please answer the following questions by marking the appropriate boxes.Does the entity have any authorized, but unissued, debt? How much? If Yes, please attach a copy of the entity's Debt Repayment Schedule. How much?-$ 73,750,000.00$ General obligation bonds Revenue bonds Notes/Loans Lease & SBITA** Liabilities [GASB 87 & 96] Developer Advances Date the debt was authorized: Does the entity intend to issue debt within the next calendar year? Does the entity have any lease agreements? Does the entity have debt that has been refinanced that it is still responsible for? Number of years of lease? PART 4 - DEBT OUTSTANDING, ISSUED, AND RETIRED Retired during year TOTAL Are the entity's Investments legal in accordance with Section 24-75-601, et. seq., C.R.S.? What is the original date of the lease? 5/2/2023 Please answer the following questions by marking in the appropriate boxes Part 4 - Please use this space to provide any explanations/comments or attach separate documentation, if needed Please complete the following debt schedule, if applicable: (please only include principal amounts)(enter all amount as positive numbers) Is the debt repayment schedule attached? If no, MUST explain below: Does the entity have outstanding debt? What are the annual lease payments? Is the lease subject to annual appropriation? Is the entity current in its debt service payments? If no, MUST explain below: 5 Yes No 6-1 6-2 6-3 Balance - beginning of the year* Additions (Must be included in Part 3) Deletions Year-End Balance -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ *must tie to prior year ending balance Yes No 7-1 7-2 -$ -$ -$ -$ -$ Yes No N/A 8-1 8-2 If yes: Buildings Please answer the following questions by marking in the appropriate boxes. What is the monthly benefit paid for 20 years of service per retiree as of Jan 1? Does the entity have capital assets? Who administers the plan? Please answer the following questions by marking in the appropriate boxes. Machinery and equipment Furniture and fixtures Infrastructure Construction In Progress (CIP) Indicate the contributions from: Leased & SBITA Right-to-Use Assets State contribution amount: Other (gifts, donations, etc.): Part 6 - Please use this space to provide any explanations/comments or attach documentation, if needed: Part 7 - Please use this space to provide any explanations or comments: PART 8 - BUDGET INFORMATION If yes: Other (explain): TOTAL Does the entity have an "old hire" firefighters' pension plan? Total Appropriations By Fund 2,073$ Please answer the following questions by marking in the appropriate boxes. Complete the following capital & right-to-use assets table: Land Has the entity performed an annual inventory of capital assets in accordance with Section 29-1-506, C.R.S.,? If no, MUST explain: Does the entity have a volunteer firefighters' pension plan? General Fund Budgeted Expenditures Did the entity file a budget with the Department of Local Affairs for the current year in accordance with Section 29-1-113 C.R.S.? If no, MUST explain: PART 6 - CAPITAL AND RIGHT-TO-USE ASSETS PART 7 - PENSION INFORMATION Accumulated Depreciation/Amortization (Please enter a negative, or credit, balance) Please indicate the amount budgeted for each fund for the year reported: Did the entity pass an appropriations resolution, in accordance with Section 29-1-108 C.R.S.? If no, MUST explain: Tax (property, SO, sales, etc.): Fund NameGovernmental/Proprietary Fund Name TOTAL 6 Yes No 9-1 Yes No 10-1 If yes:Date of formation: 10-2 10-3 10-4 If yes: 10-5 If yes: 10-6 If yes: Yes No N/A 10-7 Has the entity changed its name in the past or current year? Has the district filed a Title 32, Article 1 Special District Notice of Inactive Status during If no, MUST explain: Please use this space to provide any additional explanations or comments not previously included: Parks/Rec, Drainage, streets, (non) & potable water; Sewer, Transportation Impr. Traffic & Safety PART 9 - TAXPAYER'S BILL OF RIGHTS (TABOR) Please indicate what services the entity provides: If yes: Affiliated Dist HMMD#6 will manage construction and operations of public improvements on behalf of this Dist Please list the NEW name & PRIOR name: 50.000 Does the entity have an agreement with another government to provide services? Is the entity a metropolitan district? 50.000 Bond Redemption mills General/Other mills Total mills Please provide the following mills levied for the year reported (do not report $ amounts): PART 10 - GENERAL INFORMATION List the name of the other governmental entity and the services provided: Is this application for a newly formed governmental entity? Date Filed: Does the entity have a certified Mill Levy? - Please answer the following questions by marking in the appropriate boxes. Is the entity in compliance with all the provisions of TABOR [State Constitution, Article X, Section 20(5)]? Please answer the following question by marking in the appropriate box Note: An election to exempt the government from the spending limitations of TABOR does not exempt the government from the 3 percent emergency reserve requirement. All governments should determine if they meet this requirement of TABOR. NEW 2023! If the entity is a Title 32 Special District formed on or after 7/1/2000, has the entity filed its preceding year annual report with the State Auditor as required under SB 21-262 [Section 32-1-207 C.R.S.]? If NO, please explain. 7 YES NO 12-1 Please answer the following question by marking in the appropriate box If you plan to submit this form electronically, have you read the new Electronic Signature Policy? PART 11 - GOVERNING BODY APPROVAL Office of the State Auditor — Local Government Division - Exemption Form Electronic Signatures Policy and Procedure Policy - Requirements The Office of the State Auditor Local Government Audit Division may accept an electronic submission of an application for exemption from audit that includes governing board signatures obtained through a program such as Docusign or Echosign. Required elements and safeguards are as follows: • The preparer of the application is responsible for obtaining board signatures that comply with the requirement in Section 29-1-604 (3), C.R.S., that states the application shall be personally reviewed, approved, and signed by a majority of the members of the governing body. • The application must be accompanied by the signature history document created by the electronic signature software. The signature history document must show when the document was created and when the document was emailed to the various parties, and include the dates the individual board members signed the document. The signature history must also show the individuals' email addresses and IP address. • Office of the State Auditor staff will not coordinate obtaining signatures. The application for exemption from audit form created by our office includes a section for governing body approval. Local governing boards note their approval and submit the application through one of the following three methods: 1) Submit the application in hard copy via the US Mail including original signatures. 2) Submit the application electronically via email and either, a. Include a copy of an adopted resolution that documents formal approval by the Board, or b. Include electronic signatures obtained through a software program such as Docusign or Echosign in accordance with the requirements noted above. X0A0T 9 Michael Hood Print the names of ALL members of current governing body below. Board Member 3 Board Member 6 Print Board Member's Name Print Board Member's Name I ______________________________ , attest I am a duly elected or appointed board member, and that I have personally reviewed and approve this application for exemption from audit. Signed__________________________________ Date:_____________________ My term Expires:May 6, 2025 Board Member 4 Scott Schlosser I ______________________________ , attest I am a duly elected or appointed board member, and that I have personally reviewed and approve this application for exemption from audit. Signed__________________________________ Date:_____________________ My term Expires: May 4, 2027 Vacancy Print Board Member's Name Vacancy Board Member 1 I ______________________________ , attest I am a duly elected or appointed board member, and that I have personally reviewed and approve this application for exemption from audit. Signed__________________________________ Date:_____________________ My term Expires: May 6, 2025 Print Board Member's Name Board Member 2 I ______________________________ , attest I am a duly elected or appointed board member, and that I have personally reviewed and approve this application for exemption from audit. Signed__________________________________ Date:_____________________ My term Expires: May 4,2027 Print Board Member's Name I Jens Werner, attest I am a duly elected or appointed board member, and that I have personally reviewed and approve this application for exemption from audit. Signed__________________________________ Date:_____________________ My term Expires:May 6, 2025 Jens Werner A MAJORITY of the members of the governing body must sign below. I ______________________________ , attest I am a duly elected or appointed board member, and that I have personally reviewed and approve this application for exemption from audit. Signed__________________________________ Date:_____________________ My term Expires:______________________ Print Board Member's Name Board Member 7 Board Member 5 Print Board Member's Name I ______________________________ , attest I am a duly elected or appointed board member, and that I have personally reviewed and approve this application for exemption from audit. Signed__________________________________ Date:_____________________ My term Expires:______________________ 10 {00969846.DOCX / 3 } EXHIBIT G 2023 Audited Financial Statements, District Nos. 5 and 6 Docusign Envelope ID: 7512B3D3-FB4A-41AD-980A-67428087108A Haymeadow Metropolitan District No. 5 Financial Statements December 31, 2023 i Haymeadow Metropolitan District No. 5 Financial Statements December 31, 2023 Table of Contents Page INDEPENDENT AUDITOR'S REPORT A1 –A3 Government-wide Financial Statements: Balance Sheet/Statement of Net Position B1 Statement of Revenues, Expenditures and Changes in Fund Balances/Statement of Activities B2 Notes to the Financial Statements C1 –C13 Required Supplementary Information: Schedule of Revenues,Expenditures, and Changes in Fund Balance –Budget and Actual -General Fund D1 McMahan and Associates, l.l.c. Certified Public Accountants and Consultants Web Site: www.mcmahancpa.com Chapel Square, Bldg C Main Office: (970) 845-8800 245 Chapel Place, Suite 300 Facsimile: (970) 845-8108 P.O. Box 5850, Avon, CO 81620 E-mail: mcmahan@mcmahancpa.com Member: American Institute of Certified Public Accountants Paul J. Backes, CPA, CGMA Avon: (970) 845-8800 Michael N. Jenkins, CA, CPA, CGMA Aspen: (970) 544-3996 Matthew D. Miller, CPA Frisco: (970) 668-3481 A1 M & A INDEPENDENT AUDITOR'S REPORT To the Board of Directors Haymeadow Metropolitan District No. 5 Eagle, Colorado Report on the Audit of the Financial Statements Opinions We have audited the accompanying financial statements of the governmental activities and the general fund of Haymeadow Metropolitan District No. 5 (the “District”), as of and for the year ended December 31, 2023, which collectively comprise the District’s basic financial statements as listed in the Table of Contents, and the related notes to the financial statements. In our opinion, the financial statements referred to above present fairly, in all material respects, the respective financial position of the governmental activities and the general fund of the District, as of December 31, 2023 and the respective changes in financial position thereof, and the respective budgetary comparison for the general fund for the year then ended in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”). Basis for Opinions We conducted our audit in accordance with auditing standards generally accepted in the United States of America (“U.S. GAAS”). Our responsibilities under those standards are further described in the Auditor’s Responsibilities for the Audit of the Financial Statements section of our report. We are required to be independent of the District and to meet our other ethical responsibilities, in accordance with the relevant ethical requirements relating to our audit. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinions. Responsibilities of Management for the Financial Statements The District’s management is responsible for the preparation and fair presentation of the financial statements in accordance with U.S. GAAP, and for the design, implementation, and maintenance of internal control relevant to the preparation and fair presentation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, management is required to evaluate whether there are conditions or events, considered in the aggregate, that raise substantial doubt about the District’s ability to continue as a going concern for one year after the date that the financial statements are issued. INDEPENDENT AUDITORS REPORT To the Board of Directors Haymeadow Metropolitan District No. 5 A2 Auditor’s Responsibilities for the Audit of the Financial Statements Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinions. Reasonable assurance is a high level of assurance but is not absolute assurance and therefore is not a guarantee that an audit conducted in accordance with U.S. GAAS will always detect a material misstatement when it exists. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. Misstatements are considered material if there is a substantial likelihood that, individually or in the aggregate, they would influence the judgment made by a reasonable user based on the financial statements. In performing an audit in accordance with U.S. GAAS, we: Exercise professional judgment and maintain professional skepticism throughout the audit. Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, and design and perform audit procedures responsive to those risks. Such procedures include examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the District’s internal control. Accordingly, no such opinion is expressed. Evaluate the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluate the overall presentation of the financial statements. Conclude whether, in our judgment, there are conditions or events, considered in the aggregate, that raise substantial doubt about the District’s ability to continue as a going concern for a reasonable period of time. We are required to communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit, significant audit findings, and certain internal control–related matters that we identified during the audit. Required Supplementary Information Management has omitted the management’s discussion and analysis that accounting principles generally accepted in the United States of America require to be presented to supplement the basic financial statements. Such missing information, although not a part of the basic financial statements, is required by the Governmental Accounting Standards Board, who considers it to be an essential part of financial reporting for placing the basic financial statements in an appropriate operational, economic, or historical context. Our opinion on the basic financial statements is not affected by this missing information. INDEPENDENT AUDITORS REPORT To the Board of Directors Haymeadow Metropolitan District No. 5 A3 Required Supplementary Information (continued) The budgetary comparison information in section D is not a required part of the basic financial statements but is supplementary information required by U.S. GAAP. The budgetary comparison information has been subjected to the auditing procedures applied in the audit of the financial statements and certain additional procedures, including comparing and reconciling such information directly to the underlying accounting and other records used to prepare the financial statements or to the financial statements themselves, and other additional procedures in accordance with U.S. GAAS. In our opinion, the information is fairly stated in all material respects in relation to the financial statements as a whole. McMahan and Associates, L.L.C. Avon, Colorado July 24, 2024 GOVERNMENT-WIDE AND FUND FINANCIAL STATEMENTS General Statement of Fund Ad justments Net Position Assets: Cash and investments 4,574 - 4,574 Property tax receivable 3,609 - 3,609 Due from treasurer 10 - 10 Capital obligations from Haymeadow No. 1 - 4 - 10,600,000 10,600,000 Total Assets 8,193 10,600,000 10,608,193 Liabilities: Current Liabilities: Accounts payable and accrued liabilities 2,493 - 2,493 Accrued interest payable - 501,710 501,710 Non-current Liabilities: Developer advances - 296,500 296,500 Bonds payable - 13,250,000 13,250,000 Total Liabilities 2,493 14,048,210 14,050,703 Deferred Inflows of Resources: Unavailable property tax 3,609 - 3,609 Total Deferred Inflows of Resources 3,609 - 3,609 Fund Balance / Net Position: Fund Balance: Restricted for emergencies 9,000 (9,000) - Unassigned (6,909) 6,909 - Total Fund Balance 2,091 (2,091) - Total Liabilities and Fund Balance 8,193 Net Position: Restricted for emergencies 9,000 9,000 Unrestricted (3,455,119) (3,455,119) Total Net Position (3,446,119) (3,446,119) Haymeadow Metropolitan District No. 5 Balance Sheet/ December 31, 2023 Statement of Net Position B1 General Statement of Fund Ad justments Activities Revenues: Property taxes 2,406 - 2,406 Specific ownership tax 137 - 137 Investment income 144 - 144 Capital fees from other districts - 10,600,000 10,600,000 Total Revenues 2,687 10,600,000 10,602,687 Expenditures/Expenses: General government: Service fees paid to Haymeadow Metropolitan District No. 6 2,493 - 2,493 Capital fees paid to Haymeadow Metropolitan District No. 6 13,250,000 - 13,250,000 Treasurer fees 73 - 73 Debt service: Interest and fiscal changes - 501,710 501,710 Cost of issuance 294,755 - 294,755 Total Expenditures/Expenses 13,547,321 501,710 14,049,031 Other Financing Sources and Uses: Proceeds from developer advances 296,500 (296,500) - Proceeds from bond issuance 13,250,000 (13,250,000) - Total Other Financing Sources 13,546,500 (13,546,500) - Net Change in Fund Balance / Change Net Position 1,866 (3,448,210) (3,446,344) Fund Balance / Net Position (Deficit) Beginning 225 225 Ending 2,091 (3,446,119) Haymeadow Metropolitan District No. 5 Statement of Revenues, Expenditures and changes in Fund Balance/ For the Year Ended December 31, 2023 Statement of Activities B2 NOTES TO THE FINANCIAL STATEMENTS Haymeadow Metropolitan District No. 5 Notes to the Financial Statements December 31, 2023 C1 I.Summary of Significant Accounting Policies Haymeadow Metropolitan District No. 5 (the “District”) was organized on November 17, 2014 as a quasi-municipal corporation and political subdivision of the State of Colorado. The District was formed primarily to finance construction, operations, and maintenance of the basic public infrastructure held by Haymeadow Metropolitan District No.6 in an area of approximately 660 acres of land within Eagle, Colorado. The District’s financial statements are prepared in accordance with generally accepted accounting principles (“GAAP”). The Governmental Accounting Standards Board (“GASB”) is responsible for establishing GAAP for state and local governments through its pronouncements (Statements and Interpretations). T he more significant accounting policies established by GAAP used by the District are discussed below. A.Reporting Entity The District is governed by an elected Board which is responsible for setting policy, appointing administrative personnel and adopting an annual budget in accordance with the provisions of the Colorado Special District Act. The reporting entity consists of (a) the primary government; i.e., the District, and (b) organizations for which the District is financially accountable. The District is considered financially accountable for legally separate organizations if it is able to appoint a voting majority of an organization's governing body and is either able to impose its will on that organization or there is a potential for the organization to provide specific financial benefits, to, or to impose specific financial burdens on, the District. Consideration is also given to other organizations which are fiscally dependent; i.e., unable to adopt a budget, levy taxes, or issue debt without approval by the District. Organizations for which the nature and significance of their relationship with the District are such that exclusion would cause the reporting entity's financial statements to be misleading or incomplete are also included in the reporting entity. Based on the criteria discussed above, the District is not financially accountable for any other entity, nor is the District a component unit of any other government. B.Government-wide and Fund Financial Statements The District’s basic financial statements include both government-wide (reporting the District as a whole) and fund financial statements (reporting the District’s major funds). Both the government-wide and fund financial statements categorize primary activities as either governmental or business-type. Currently, the District performs only governmental activities. 1.Government-wide Financial Statements In the government-wide Statement of Net Position, the governmental activities columns are reported on a full accrual, economic resource basis, which recognizes all long-term assets and receivables as well as long-term debt and obligations. The District’s net position is reported in two parts –restricted; and unrestricted net position. The government-wide focus is on the sustainability of the District as an entity and the change in the District’s net position resulting from the current year’s activities. Haymeadow Metropolitan District No. 5 Notes to the Financial Statements December 31, 2023 (continued) C2 I.Summary of Significant Accounting Policies (continued) B.Government-wide and Fund Financial Statements (continued) 2.Fund Financial Statements The financial transactions of the District are reported in individual funds in the fund financial statements. Each fund is accounted for by providing a separate set of self-balancing accounts that comprises its assets, liabilities, reserves, fund equity, revenues and expenditures/expenses. The fund focus is on current available resources and budget compliance. The District reports only a General Fund. The General Fund is the District’s operating fund and accounts for all financial resources of the District. C.Measurement Focus, Basis of Accounting, and Financial Statement Presentation Measurement focus refers to whether financial statements measure changes in current resources only (current financial focus) or changes in both current and long-term resources (long-term economic focus). Basis of accounting refers to the point at which revenues, expenditures, or expenses are recognized in the accounts and reported in the financial statements. Financial statement presentation refers to classification of revenues by source and expenses by function. 1.Long-term Economic Focus and Accrual Basis Both governmental and business-type activities in the government-wide financial statements and the proprietary fund financial statements use the long-term economic focus and are presented on the accrual basis of accounting. Revenues are recognized when earned and expenses are recognized when incurred, regardless of the timing of the related cash flows. 2.Current Financial Focus and Modified Accrual Basis The governmental fund financial statements use the current financial focus and are presented on the modified accrual basis of accounting. Under the modified accrual basis of accounting, revenues are recorded when susceptible to accrual; i.e., both measurable and available. “Available” means collectible within the current period or soon enough thereafter (60 days) to be used to pay liabilities of the current period. Expenditures are generally recognized when the related liability is incurred. The exception to this general rule is that principal and interest on general long-term debt, if any, is recognized when due. D.Financial Statement Accounts 1.Cash, Cash Equivalents, and Investments Cash and cash equivalents are defined as deposits that can be withdrawn at any time without notice or penalty and investments with maturities of three months or less. Investments are stated at net asset value. The change in fair value of investments is recognized as an increase or decrease to investment assets and investment income. The District’s investment policy is detailed in note IV.A. Haymeadow Metropolitan District No. 5 Notes to the Financial Statements December 31, 2023 (continued) C3 I.Summary of Significant Accounting Policies (continued) D.Financial Statement Accounts (continued) 2.Receivables and Long-term Capital Obligations Receivables are reported net of an allowance for uncollectible accounts. However, no allowance for uncollectible accounts has been established, as the District considers all accounts to be collectible. Haymeadow Metropolitan Districts No. 1 through 4 are obligated under the Master Intergovernmental Agreement between the Districts to provide funding for public improvements (capital obligations). 3.Long-term Obligations In the government-wide financial statements,long-term obligations are reported as a liability in the applicable governmental activities statement of net position. In general, governmental fund payables and accrued liabilities that, once incurred, are paid in a timely manner and in full from current financial resources, are reported as obligation of the funds. Long-term obligations are recognized as a liability on the governmental fund financial statements when due. Long-term debt and other long-term obligations are reports as liabilities in the Statement of Net Position. Issuance costs are expensed as incurred. 4.Deferred Outflows and Inflows of Resources In addition to assets, the statement of net position will sometimes report a separate section for deferred outflows of resources. This separate financial statement element, deferred outflows of resources, represents a consumption of net assets that applies to a future period(s) and so will not be recognized as an outflow of resources (expense/expenditure) until then. In addition to liabilities, the statement of net position will sometimes report a separate section for deferred inflows of resources. This separate financial statement element, deferred inflows of resources, represents an acquisition of net assets that applies to a future period(s) and so will not be recognized as an inflow of resources (revenue) until that time. Accordingly, the item, unavailable property tax revenue, is deferred and recognized as an inflow of resources in the period that the amounts become available and earned. The District doesn’t have any items that qualify for reporting in deferred outflows at December 31, 2023. Haymeadow Metropolitan District No. 5 Notes to the Financial Statements December 31, 2023 (continued) C4 I.Summary of Significant Accounting Policies (continued) D.Financial Statement Accounts (continued) 6.Fund Balance The District classifies governmental fund balances as follows: Nonspendable -includes fund balance amounts that cannot be spent either because it is not in spendable form or because of legal or contractual requirements. Restricted –includes fund balance amounts that are constrained for specific purposes which are externally imposed by providers, such as creditors or amounts constrained due to constitutional provisions or enabling legislation. Committed –includes fund balance amounts that are constrained for specific purposes that are internally imposed by the government through formal action of the highest level of decision making authority which is the Board of Directors. Assigned –includes spendable fund balance amounts that are intended to be used for specific purposes that are neither considered restricted nor committed. Fund balance may be assigned by the Board of Directors or its management designee. Unassigned -includes residual positive fund balance within the General Fund which has not been classified within the other above-mentioned categories. Unassigned fund balance may also include negative balances for any governmental fund if expenditures exceed amounts restricted, committed, or assigned for those specific purposes. The District uses restricted amounts first when both restricted and unrestricted fund balance is available unless there are legal documents/contracts that prohibit doing this, such as in grant agreements requiring dollar for dollar spending. Additionally, the District first uses committed, then assigned, and lastly unassigned amounts of unrestricted fund balance when expenditures are made. The District does not have a formal minimum fund balance policy. However, the District’s budget includes a calculation of a targeted reserve position and management reports the targeted amount annually to Board of Directors. E.Use of Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires the District’s management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amount of revenues and expenditures or expenses during the reporting period. Actual results could differ from those estimates. Haymeadow Metropolitan District No. 5 Notes to the Financial Statements December 31, 2023 (continued) C5 II.Reconciliation of Government-wide and Fund Financial Statements A.Explanation of certain differences between the governmental fund Balance Sheet and the government-wide Statement of Net Position The governmental fund Balance Sheet and the government-wide Statement of Net Position includes a reconciling column. Explanation of the adjustments included in the reconciling column is as follows: Capital and service obligat ions rec eiva ble 10,600,000 To tal adjustment s 10,600,000 Amounts owed to the District for costs incurred to construct, operate, and maintain infrastructure are not collectible in the current period and, therefore, are not on governmental funds. Developer advanc es (296,500) Bonds pay able (13,250,000) Accrued interes t on developer advanc es (12,932) Accrued interes t on bonds pay able (488,778) To tal adjus tment s (14,048,210) Long-term liabilities are not due and payable in the current period and therefore are not reported in the funds. B.Explanation of certain differences between the governmental fund Statement of Revenues, Expenditures and Changes in Fund Balance and the government-wide Statement of Activities The governmental fund Statement of Revenue, Expenditures and Changes in Fund Balance and the government-wide Statement of Activities include a reconciling column. Explanation of the adjustments included in the reconciling column is as follows: Capital and service fee revenue 10,600,000 To tal adjustment s 10,600,000 Increases or decreases in capital and service obligations owed to the District do not produce or use current financial resources and, therefore, are not reported in governmental funds. Proc eeds from developer advanc es (296,500) Proc eeds from bonds pay able (13,250,000) Interes t accrued on long-term debt (501,710) To tal adjus tment s (14,048,210) The issuance of long-term debt (e.g., notes, bonds, developer advances) provides current financial resources to governmental funds, while the repayment of the principal of long-term debt consumes the current financial resources of governmental funds. Neither transaction, however, has any effect on net position. Haymeadow Metropolitan District No. 5 Notes to the Financial Statements December 31, 2023 (continued) C6 III.Stewardship, Compliance, and Accountability A.Budgetary Information In the fall of each year, the District's Board of Directors formally adopts a budget with appropriations by fund for the ensuing year pursuant to the Local Government Budget Law of Colorado. The budgets for the funds are adopted on a basis consistent with generally accepted accounting principles (“GAAP”). (1)After a required publication of "Notice of Proposed Budget" and a public hearing, the District adopted the proposed budget and an appropriating resolution, which legally appropriated expenditures for the upcoming year,prior to December 31, 2022. (2)After adoption of the budget resolution, the District may make the following changes: a) it may transfer appropriated monies between funds or between spending agencies within a fund, as determined by the original appropriation level; b) it may approve supplemental appropriations to the extent of revenues in excess of the estimated in the budget; c)it may approve emergency appropriations; and d) it may reduce appropriations for which originally estimated revenues are insufficient. (3)All appropriations lapse at year-end. B.TABOR Amendment In November 1992, Colorado voters amended Article X of the Colorado Constitution by adding Section 20; commonly known as the Taxpayer's Bill of Rights (“TABOR”). TABOR contains revenue, spending, tax and debt limitations that apply to the State of Colorado and local governments. TABOR requires, with certain exceptions, advance voter approval for any new tax, tax rate increase, mill levy above that for the prior year, extension of any expiring tax, or tax policy change directly causing a net tax revenue gain to any local government. Any revenues earned in excess of the fiscal year spending limit must be refunded in the next fiscal year, unless voters approve retention of such excess revenue. Except for refinancing bonded debt at a lower interest rate or adding new employees to existing pension plans, TABOR requires advance voter approval for the creation of any multiple-fiscal year debt or other financial obligation unless adequate present cash reserves are pledged irrevocably and held for payments in all future fiscal years.TABOR also requires local governments to establish an emergency reserve to be used for declared emergencies only. Emergencies, as defined by TABOR, exclude economic conditions, revenue shortfalls, or salary or fringe benefit increases. The reserve is calculated at 3%or more of fiscal year spending. Fiscal year spending excludes bonded debt service and enterprise spending. The District has reserved $9,000 which is the approximate required reserve at December 31, 2023. On November 4, 2014, the District’s voters approved the following TABOR related ballot questions: (1)To increase taxes $50,000 annually and by such other amounts collected in each year thereafter from a mill levy imposed at a rate not to exceed 50.000 mills (the actual mill levy rate for any fiscal year to be adjusted downwards or upwards by the Board of Directors in its discretion) to pay the District’s administration, operations, maintenance, capital improvement and other expenses without limitation. Haymeadow Metropolitan District No. 5 Notes to the Financial Statements December 31, 2023 (continued) C7 III.Stewardship, Compliance, and Accountability (continued) B.TABOR Amendment (continued) (2)To increase debt $35,000,000 with a total repayment cost of $287,000,000 and to increase taxes $41,300,000 annually, or by such lesser annual amount as may be necessary to pay the District’s debt; such debt issued or incurred for the purpose of paying, reimbursing, or financing all or any part of the costs of designing, acquiring, construction, installing, completing, equipping and otherwise providing improvements and programs for the following (each approved separately for debt of $35,000,000): Parks and recreation Stormwater management system Streets, roadways and related landscaping Potable water system Wastewater system Transportation system Traffic and safety controls Mosquito control Fire protection Refunding, paying, or defeasing, in whole or in part, bonds, notes, or other financial obligations of the District Obligations under one or more Intergovernmental Agreements with the State or any political subdivisions of the State And all extensions of and improvements to such facilities within and without the boundaries of the District; such debt to bear interest at a net effective interest rate not in excess of 18% per annum. (3)To authorize collection, retention and spending of any and all amounts annually from any revenue sources whatsoever (including without limitation any revenues from ad valorem property taxes, tax, specific ownership taxes, fees, rates, toll, penalties, or charges, state, federal and private grants and gifts, or any other source). All debt and tax increases constitute voter-approved revenue changes and the proceeds of such and investment income thereon are to be collected and spent by the District without regard to any spending, revenue-raising, or other limitation contained within Article X, Section 20 of the Colorado Constitution or any other law, and without limiting in any year the amount of other revenues that may be collected and spent by the District. At December 31, 2023, the District had authorized but unissued debt totaling $385,000,000. The District's management believes it is in compliance with the financial provisions of TABOR. However, TABOR is complex and subject to interpretation. Many of its provisions, including the interpretation of how to calculate fiscal year spending limits, will require judicial interpretation. Haymeadow Metropolitan District No. 5 Notes to the Financial Statements December 31, 2023 (continued) C8 IV.Detailed Notes on all Funds A.Deposits and Investments The deposits are entirely covered by federal depository insurance (“FDIC”) or by collateral held under Colorado’s Public Deposit Protection Act (“PDPA”). The FDIC insures the first $250,000 of the District’s deposits at each financial institution. Deposit balances over $250,000 are collateralized as required by PDPA. The carrying amount of the District’s demand deposits was $0 at year end. Colorado statutes specify investment instruments meeting defined rating and risk criteria in which local governments, and entities such as the District, may invest which include: Obligations of the United States and certain U.S. government agency securities Certain international agency securities General obligation and revenue bonds of U.S. local government entities Bankers’acceptances of certain banks Commercial paper Written repurchase agreements collateralized by certain authorized securities Certain money market mutual funds Guaranteed investment contract Local government investment pools Interest Rate Risk.As a means of limiting its exposure to interest rate risk, the District has invested primarily in COLOTRUST. Funds in COLOTRUST can be withdrawn without notice or penalty. Credit Risk.The District’s investment policy limits investments to those authorized by State statutes. The District’s general investment policy is to apply the prudent-person rule: investments are made as a prudent person would be expected to act, with discretion and intelligence, to seek reasonable income, preserve capital, and, in general, avoid speculative investments. Concentration of Credit Risk.The District diversifies its investments by security type and institution. Financial institutions holding District funds must provide the District a copy of the certificate from the Banking Authority that states that the institution is an eligible public depository. Haymeadow Metropolitan District No. 5 Notes to the Financial Statements December 31, 2023 (continued) C9 IV.Detailed Notes on all Funds (continued) A.Deposits and Investments (continued) At December 31, 2023, the District had no unrealized gains or losses. The District had the following cash and investments with the following maturities: Ca rryi ng Le ss Tha n Le ss Tha n Type Ra ti ng Am ount One Year Five Years Depos its: Money mark et Not rat ed 1,765 1,765 - Inves tment Pool: Colot rus t AAAm 2,809 2,809 - 4,574 4,574 - Maturiti es At December 31, 2023,the District had the following recurring fair value measurements: Inve st ments Me asure d at Net Asse t Value Am ount Colot rus t 2,809 Total 2,809 The District’s Investment Pool represents investments in COLOTRUST. The net asset value of the pool is determined by the pool’s share price. The District has no regulatory oversight for the pool. At December 31, 2023, the District’s investments in COLOTRUST were 100% of the District’s investment portfolio. The District had invested $2,809 in the Colorado Local Government Liquid Asset Trust (the “Trust”). The Trust is an investment vehicle established for local government entities in Colorado to pool surplus funds. The State Securities Commissioner administers and enforces all State statutes governing the Trust. The Trust operates similarly to a money market fund, measured at net asset value, and each share is equal in value to $1.00. Investments consist of U.S. Treasury bills, notes and note strips and repurchase agreements collateralized by U.S. Treasury securities. A designated custodial bank provides safekeeping and depository services in connection with the direct investment and withdrawal functions. Substantially all securities owned are held by the Federal Reserve Bank in the account maintained for the custodial bank. Haymeadow Metropolitan District No. 5 Notes to the Financial Statements December 31, 2023 (continued) C10 IV.Detailed Notes on all Funds (continued) B.Long-term Obligations 1.Developer Advances On December 4, 2018, the District entered into two agreements with Abrika Properties, LLC (the “Developer”). Per the agreements, the Developer, in its sole discretion, may but shall not be obligated to in any manner, advance sums as requested from time to time by the District within 45 days after end of each fiscal year during the term of the agreements. If the District receives bond proceeds or has other legally available revenue, then the District will reimburse the Developer from such available sources for all amounts actually advanced, together with interest at 8.0% per annum. The agreements’ term shall end on the earlier date that all reimbursable advances and any interest thereon have been paid in full or 40 years. Advances under the individual agreements are for the following: Advance, Acquisition and Reimbursement Agreement –for Capital Advances to pay the costs of public improvements. Operating Reimbursement Agreement –for Operating Advances, together with advances prior the agreement for organizational and operating expenses, to pay any future operating, maintenance, and/or administrative expenses. 2.General Obligation Bonds, Series 2023 The District issued $13,250,000 of limited tax general obligation bonds on June 15, 2023, with annual interest rates of 8.00% Interest is payable December 1, 2023 through 2039. The principal is payable on December 1 beginning in 2034 and matures in various increments through 2039. The proceeds of these bonds were used to finance public improvements through Haymeadow Metropolitan District No. 6 (see note V.A.)The Bonds constitute limited tax obligations of the District. The bonds are to be paid solely from the Pledged Revenue. Senior Capital Pledge Agreement: As part of the issuance, the District entered into a Senior Capital Pledge Agreement, dated June 1, 2023 with the Haymeadow Metropolitan District’s No.1 through 4 (the “Neighborhood Districts”). The Senior Capital Pledge Revenue agreement calls for each district to impose an annual mill levy sufficient to fund the Series 2023 Bonds, up to 50 mills. This agreement terminates once the bonds have been fully repaid, or in December 2061, whichever is earlier. Subordinate Capital Pledge Agreement: As part of the issuance, the District entered into a Senior Capital Pledge Agreement, dated June 1, 2023 with the Neighborhood Districts. The Subordinate Capital Pledge Revenue agreement calls for each district to impose an annual mill levy sufficient to fund subordinate debt, on top of the Senior Capital Pledge, not to exceed 50 mills in total. This agreement terminates once (i) the subordinate debt has been fully repaid,or (ii) December 31, of the year forty years from the date of issuance of the subordinate obligations. Haymeadow Metropolitan District No. 5 Notes to the Financial Statements December 31, 2023 (continued) C11 IV.Detailed Notes on all Funds (continued) B.Long-term Obligations (continued) 2.General Obligation Bonds, Series 2023 (continued) Junior Capital Pledge Agreement: As part of the issuance, the District entered into a Junior Capital Pledge Agreement, dated June 1, 2023 with the Neighborhood Districts. The Junior Capital Pledge Revenue agreement calls for each district to impose an annual mill levy sufficient to fund junior debt, on top of the Subordinate and Senior Capital Pledge, not to exceed 50 mills in total. This agreement terminates once (i) the junior debt has been fully repaid, or (ii) December 31, of the year forty years from the date of issuance of the junior obligations. The Indenture of Trust details the flow of funds as follows: i.To the Trustee in an amount sufficient to pay Trustee Fees ii.To the auditors in an amount sufficient to pay for the annual audit iii.To the Bond Fund to pay for mandatory redemptions of principal and interest iv.To the reserve fund v.To fund principal and interest payments on subordinate debt vi.To fund principal and interest payments on junior debt vii.To the service district 3.Annual Debt Service Requirements The District had the following annual debt service requirements for the general obligations bonds: Principa l Inte re st Total - 488,788 488,788 - 1,060,000 1,060,000 - 1,060,000 1,060,000 - 1,060,000 1,060,000 - 1,060,000 1,060,000 2029 -2033 - 5,300,000 5,300,000 2034 -2038 12,386,000 3,588,800 15,974,800 864,000 69,120 933,120 13,250,000 13,686,708 26,936,708 2039 2024 2025 2026 2027 2028 4.Changes in Long-Term Debt The District had the following changes in debt for the year ended December 31, 2023. Be ginning En ding Du e Within Ba lance Incre ases De cre ases Ba lance One Year Developer advanc es - 296,500 - 296,500 - Bonds pay able, series 2023 - 13,250,000 - 13,250,000 - Total - 13,546,500 - 13,546,500 - Haymeadow Metropolitan District No. 5 Notes to the Financial Statements December 31, 2023 (continued) C12 V.Other Information A.Intergovernmental Agreement On December 5, 2018 the District entered into an intergovernmental agreement with Haymeadow Metropolitan District Nos. 1 through No. 4 (each individually referred to as a “Neighborhood District”and with the District collectively referred to as the “Neighborhood Districts”)and Haymeadow Metropolitan District No. 6 (the “Service District”). The public improvements are described within and all terms of this agreement are subject to provisions in the Service Plan and the Annexation and Development Agreement (the “ADA”), both approved by the Town of Eagle in 2014. Under the agreement, the Districts shall work diligently to implement the Service Plan and ADA. The Service District will develop a financing plan and the Neighborhood Districts will work cooperatively to implement the financing plan in such a way as to enable the District to construct, operate and maintain the public improvements. The Service District is responsible for the design, acquisition, installation, construction, operation and maintenance of certain infrastructure for streets, potable and non-potable water, sewer and storm drainage, recreation trails and associated parking within the Neighborhood Districts. Development within the Neighborhood Districts is anticipated to proceed in phases subject to Town review and approval, and construction of the public improvements will be completed in phases as development and need for service necessitates. The Neighborhood Districts shall issue limited tax general obligation debt to finance the construction and installation of the public improvements, through bonds or other instruments, at the direction of the Service District. The Neighborhood Districts shall not incur any debt of any type or kind whatsoever without the consent of the Service District, and all debt incurred by the Neighborhood Districts shall be used for the purpose of financing the installation of the public improvements at the direction of the Service District. The Neighborhood Districts shall impose an ad valorem tax on property within each Neighborhood District in such amount as determined by the Service District sufficient to cover ongoing operations and maintenance costs of the public improvements. Each Neighborhood District shall pay to the Service District all revenue raised from any and all operational mill levies assessed by the Neighborhood Districts in order to offset the operating expenses incurred by the Service District for the provision of services to property within the Service Area. The Neighborhood Districts shall not encumber any of the operational revenues without the prior consent of the Service District. Except for revenue pledged to debt, the Neighborhood Districts shall assign all revenue raised from all sources to the Service District in order to offset the expenses of operating and maintaining the public improvements. The Neighborhood Districts shall not retain, appropriate, expend, pledge or otherwise encumber any portion of such revenues for any other purpose, and all of such revenues and monies shall be immediately transferred and paid to the Service District. The public improvements constructed hereunder shall be conveyed to the Town, the Service District or a homeowner’s association upon Bill of Sale. The Service District shall provide the operations and maintenance services and maintain necessary insurance for the public improvements in a manner deemed appropriate by the Neighborhood Districts. The Neighborhood Districts shall have no direct responsibility for operations or maintenance of such public improvements. Haymeadow Metropolitan District No. 5 Notes to the Financial Statements December 31, 2023 (continued) C13 V.Other Information (continued) A.Intergovernmental Agreement (continued) During 2023, the District paid $2,493 to the Service District as Service Fees and $13,250,000 as Capital Fees.The District is owed Capital Obligations from the other Neighborhood District’s of $10,600,000 as of December 31, 2023. B.Risk Management Colorado Special Districts Property and Liability Pool Except as provided within the Colorado Governmental Immunity Act, the District may be exposed to various risks of loss related to torts, thefts of, damage to, or destruction of assets; errors or omissions; or injuries to employees. The District is insured for such risks as a member of the Colorado Special Districts Property and Liability Pool (“Pool”). The Pool is an organization created by intergovernmental agreement to provide property and general liability, automobile physical damage and liability, public officials liability and boiler and machinery coverage to its members. The Pool provides coverage for property claims up to the values declared and liability coverage for claims up to $1,000,000. Settled claims have not exceeded this coverage in any of the past three fiscal years. The District pays annual premiums to the Pool for liability, property and public official’s coverage. In the event aggregated losses incurred by the Pool exceed amounts recoverable from reinsurance contracts and funds accumulated by the Pool, the Pool may require additional contributions from the Pool members. Any excess funds which the Pool determines are not needed for purposes of the Pool may be returned to the members pursuant to a distribution formula. A summary of audited statutory basis financial information for the Pool as of and for the year ended December 31, 2022 (the latest audited information available) is as follows: Asse ts 81,143,798 Liabilit ies 58,670,068 Capi tal and surplus 22,473,730 Total 81,143,798 Revenue 29,593,851 Underwri ting ex pens e 31,416,477 Underwri ting gain (l os s)(1,822,626) Ot her In come 1,695,393 Ne t Incom e (Loss)(127,233) C.Related Parties The Developer’s representatives make up the majority of the members of the board of Directors. As of December 31, 2023 the District owes the developer $296,500 in developer advances plus $12,932 of accrued interest on developer advances. REQUIRED SUPPLEMENTARY INFORMATION Final Budget Variance Original Final Positive Budget Budget Ac tual (Negative) Revenues: Property taxes 2,406 2,406 2,406 - Specific ownership tax 108 108 137 29 Investment income 2 2 144 142 Other revenues 1,000 1,000 -(1,000) Total Revenues 3,516 3,516 2,687 (829) Expenditures: General government: Service fees paid to Haymeadow Metropolitan District No. 6 2,444 2,444 2,493 (49) Capital fees paid to Haymeadow Metropolitan District No. 6 -15,000,000 13,250,000 1,750,000 Treasurer fees 72 72 73 (1) Contingency 1,000 1,000 -1,000 Debt service:- Cost of issuance --294,755 (294,755) Total Expenditures 3,516 15,003,516 13,547,321 1,456,195 Excess (Deficiency) of Revenues Over Expenditures -(15,000,000) (13,544,634) 1,455,366 Other Financing Sources: Proceeds from developer advances --296,500 296,500 Proceeds from bond issuance -15,000,000 13,250,000 (1,750,000) Total Other Financing Sources -15,000,000 13,546,500 (1,453,500) Net Change in Fund Balance --1,866 1,866 Fund Balance - Beginning 216 216 225 9 Fund Balance - Ending 216 216 2,091 1,875 2023 Haymeadow Metropolitan District No. 5 For the Year Ended December 31, 2023 Budget and Actual - General Fund Schedule of Revenues, Expenditures, and Changes in Fund Balance D1 McMahan and Associates, l.l.c. Certified Public Accountants and Consultants Web Site: www.mcmahancpa.com Chapel Square, Bldg C Main Office: (970) 845-8800 245 Chapel Place, Suite 300 Facsimile: (970) 845-8108 P.O. Box 5850, Avon, CO 81620 E-mail: mcmahan@mcmahancpa.com Member: American Institute of Certified Public Accountants Paul J. Backes, CPA, CGMA Avon: (970) 845-8800 Michael N. Jenkins, CA, CPA, CGMA Aspen: (970) 544-3996 Matthew D. Miller, CPA Frisco: (970) 668-3481 M & A To the Board of Directors Haymeadow Metropolitan District No. 6 Eagle, Colorado We have audited the financial statements of Haymeadow Metropolitan District No. 6 for the year ended December 31, 2023. Professional standards require that we provide you with the following information related to our audit. Qualitative Aspects of Accounting Policies Management is responsible for the selection and use of appropriate accounting policies. The significant accounting policies used by Haymeadow Metropolitan District No. 6 are described in the Notes to the financial statements. No new accounting policies were adopted and the application of existing policies was not changed during the year. We noted no transactions entered into during the year for which there is a lack of authoritative guidance or consensus. There are no significant transactions that have been recognized in the financial statements in a different period than when the transaction occurred. Accounting estimates are an integral part of the financial statements prepared by management and are based on management’s knowledge and experience about past and current events and assumptions about future events. Certain accounting estimates are particularly sensitive because of their significance to the financial statements and because of the possibility that future events affecting them may differ significantly from those expected. The most sensitive estimate affecting the financial statements was: Estimated useful lives for depreciation on capital assets: Management’s estimate is based on industry practice and experience. We evaluated the key factors and assumptions used to develop the useful lives used in determining depreciation and found that it is reasonable in relation to the financial statements taken as a whole. Difficulties Encountered in Performing the Audit We encountered no difficulties in dealing with management in performing and completing our audit. Corrected and Uncorrected Misstatements Professional standards require us to accumulate all known and likely misstatements identified during the audit, other than those that are trivial, and communicate them to the appropriate level of management. Management has corrected all identified misstatements. Haymeadow Metropolitan District No. 6 Board of Directors Eagle, Colorado Page 2 of 2 Disagreements with Management For purposes of this letter, professional standards define a disagreement with management as a financial accounting, reporting, or auditing matter, whether or not resolved to our satisfaction, that could be significant to the financial statements or the auditor’s report. We are pleased to report that no such disagreements arose during the course of our audit. Management Representations As is required in an audit engagement we have requested certain representations from management that are included in the management representation letter. This report is intended solely for the information and use of the Board of Directors, management, and others within the organization and is not intended to be, and should not be, used by anyone other than those specified parties. Sincerely, McMahan and Associates, L.L.C. Avon, Colorado July 24, 2024