HomeMy WebLinkAboutTFMD - 2024 Annual ReportDE 9741181.1
TREE FARM METROPOLITAN DISTRICT
ANNUAL REPORT FOR REPORT YEAR 2024
EAGLE COUNTY, COLORADO
This annual report is submitted to Eagle County consistent with Section XII of the Service Plan
for the Tree Farm Metropolitan District (the “District”).
A. Boundary changes made or proposed.
During the report year of 2024, the Board of Directors did not make or propose any
changes to the boundaries of the District.
B. Intergovernmental Agreements with other governmental bodies entered into or
proposed.
During the report year of 2024, the District did not enter into or propose any
intergovernmental agreements with other governmental bodies.
C. Changes or proposed changes in the District's policies.
During the report year of 2024, the District did not make or propose any changes to its
policies.
D. Changes or proposed changes in the District's operations.
During the report year of 2024, the District did not make or propose any changes to its
operations.
E. Any changes in the financial status of the District, including revenue projections, or
operating costs.
Financial Status - the 2025 budget, which includes the District’s revenues and
expenditures for the year 2024 can be found on the District's website
https://www.treefarmmd.com/
Revenues received were on target compared to the 2024 budget. Expenditures of the
district were favorable compared to the budget. Public improvements are anticipated to
be completed in 2024, utilizing the funds remaining in the Project Fund.
F. A summary of any litigation which involves the District.
During the report year of 2024, the District was not involved in any litigation and is not
currently involved in any litigation.
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G. Proposed plans for the year immediately following the year summarized in the
annual report.
The District does have any plans for capital improvements in 2025. In 2025 and beyond
the District will carry out routine landscape maintenance, snow removal and
administrative operations.
H. Status of Public Improvement Construction Schedule.
The following is a list of Public Improvement Construction Items that began in 2022 and
each item’s expected completion date:
General:
Viewing Deck Platform (Completed)
Lake Trail Concrete (Completed)
Lighting (Ballard Street Lights) (Completed)
Asphalt (Completed)
Pavement Marking (Completed)
Sign Panels with Support (Completed)
Landscape:
Community Garden/Playground (Completed)
Tree Farm Dr./Kodiak Dr. (Completed)
Site Furnishings (Completed)
Plaza:
Concrete-Flower Pattern (Completed)
Concrete Plaza (Completed)
Landscape (Completed)
Lighting (Completed)
Site Furnishings (Completed)
I. Submission of current assessed valuation in the District.
The assessed valuation as certified by Eagle County in 2024 was $8,092,510.
J. Access information to obtain a copy of rules and regulations adopted by the Board.
The Board has not adopted rules and regulations as of the date of this report. District
documents can be found at https://www.treefarmmd.com/
K. A summary of litigation involving public improvements owned by the District.
During the report year of 2024, the District was not involved in litigation.
L. A list of facilities or improvements constructed by the District that were conveyed or
dedicated to the county or municipality.
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None.
M. A copy of the audited financial statements, if required by the “Colorado Local
Government Audit Law”, Part 6 of Article 1 of Title 29, or the application for
exemption from audit, as applicable.
As of the date of this report the audit was not available. Once available the audit can be
found at https://apps.leg.co.gov/osa/lg or the District website.
N. Notice of any uncured defaults existing for more than ninety days under any debt
instrument of the District.
None.
O. Any inability of the District to pay its obligations as they come due under any
obligation which continues beyond a ninety-day period.
None.
