Peak Metropolitan District Nos. 1-7

PEAK METROPOLITAN DISTRICT NO. 1 (“DISTRICT”)
 450 E. 17th Avenue, Suite 400
Denver, CO  80203
Phone:  303-592-4380

NOTICE OF A REGULAR MEETING AND AGENDA

Ex Officio Board Member: Troy Stover, Director of Business Park Development at the Colorado Springs Airport

DATE:                         July 24, 2025

TIME:                         9:00 A.M.

LOCATION:              ZOOM

Join Zoom Meeting

https://us02web.zoom.us/j/81844691156?pwd=LttngjqMoRjJCDbhEzMv3FRpZPP53K.1

Meeting ID: 818 4469 1156

Passcode:  500292

Dial In: 1-719-359-4580

I.                    ADMINISTRATIVE MATTERS

A.                Present Disclosures of Potential Conflicts of Interest.

B.                 Confirm quorum, location of meeting and posting of meeting notice.  Approve agenda.

C.                 Public Comment. Members of the public may express their views to the Board on matters that affect the District. Comments will be limited to three (3) minutes.

D.                Review and consider approval of minutes from the June 26, 2025 regular meeting of the District (enclosure).

II.                 FINANCIAL MATTERS

A.                Review and accept the Unaudited Financial Statements, dated March 31, 2025 and Schedule of Cash Position dated March 31, 2025, updated as of July 10, 2025 (enclosure).

B.                 Conduct Public Hearing to consider amendment of the 2024 Budget.  If necessary, consider adoption of Resolution to Amend the 2024 Budget.

C.                 Review and consider acceptance of the 2024 Audit, and authorize execution of the Representations Letter (enclosure).

III.              LEGAL MATTERS

A.                Discuss status of Claim from Fountain Mutual Irrigation Company; Cygnet Land, LLC; and Michael S. Hassell.   

1.                  Adjourn to Executive Session, if necessary, to receive legal advice relative to specific legal questions and matters that may be subject to negotiation, pursuant to Section 24-6-402(4)(b) and (e), C.R.S.

2.                  Discuss status of Facilities Payment Agreement (Drainage Improvements – 16 acres) between the District and the City of Colorado Springs, through its enterprise, the Colorado Springs Municipal Airport.

3.                  Discuss and consider approval of Cost Sharing and Reimbursement Intergovernmental Agreement [Regional Improvements] by and between the District and Peak Metropolitan District No. 3.

4.                  Ratify approval of Extension of Tolling Agreement between Fountain Mutual Irrigation Company, Cygnet Land, LLC, the City of Colorado Springs and Colorado Springs Utilities, Amazon.com Services LLC, CF Capybara COS, LLC, UFCS Airport, LLC, the District, Peak Metropolitan District No. 2, Peak Metropolitan District No. 3, El Paso County, Colorado, Urban Frontier, LLC, Pathfinder Windmill, LLC, Enertia Consulting Group, LLC and Peak Innovation, LLC.

5.                  Authorize any necessary actions in connection therewith.

IV.              CONSTRUCTION MATTERS

A.                Discuss and consider acceptance of District Engineer’s Report and Verification of Costs Associated with Public Improvements (PROJECT: Peak Innovation Park), Engineer’s Report and Verification of Costs No. 42 prepared by Schedio Group LLC (enclosure).

1.                  Discuss and consider approval of Requisition No. 85 (under the Series 2021B Bonds) and authorize reimbursement to the District, in the amount of $58,565.03 and to W.E. O’Neil Construction Co. of Colorado, in the amount of $512,572.84 (enclosure).

B.                 Ratify approval of Task Order No. 02 to Master Service Agreement (“MSA”) for Civil Design Services between the District and Enertia Consulting Group, LLC for Lot 2 Infrastructure, in the amount of $63,580.00.

C.                 Discuss matters relative to District construction process and authorize necessary actions in connection therewith.

V.                OTHER BUSINESS

VI.              ADJOURNMENT     

The next regular meeting is scheduled for August 28, 2025.

*For accessibility purposes, this is an alternate conforming version of the Agenda