Land Use & Zoning
In Colorado, a 'metropolitan district' is primarily used to:
AA. Govern county government services
BB. Finance and provide public infrastructure (water, sewer, roads, parks) for new developments, with costs repaid through property tax mill levies on the homes in the district✓ Correct
CC. Regulate HOA rules
DD. Issue building permits
Explanation
Metropolitan districts (a type of special district) in Colorado are used by developers to finance public infrastructure in new developments. The district issues bonds to pay for water, sewer, roads, and parks, and repays them through property tax mill levies assessed to properties in the district.
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Key Terms to Know
Zoning
Local government regulations that control land use by dividing areas into zones specifying permitted uses, building sizes, and densities.
Eminent DomainThe power of government to take private property for public use, with the requirement to pay the owner just compensation.
Comparable Sales (Comps)Recently sold properties similar in size, condition, and location used by appraisers and agents to estimate a property's market value.
VarianceOfficial permission to use land in a way that does not conform to the applicable zoning ordinance, granted by a zoning board when strict enforcement would cause undue hardship.
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