EL PASO COUNTY SPECIAL DISTRICTS

ANNUAL REPORT and DISCLOSURE FORM

1.         Name of District(s):

Fountain Mutual Metropolitan District

2.         Report for Calendar Year: 

2025

3.         Contact Information

Elise M. Bergsten

P.O. Box1834

Colorado Springs, CO 80901

(719) 963-1809

elise.blancedmgmt@gmail.com

4.         Meeting Information

District Board meetings are normally held on the third Wednesday of each month at 12:00 noon at the offices of Susemihl, McDermott & Downie, P.C., 660 Southpointe Ct., Colorado Springs, CO 80906 but are subject to change and may be cancelled if there is no business to transact.  Up-to-date meeting times, locations, and agendas can be obtained by calling the Contact.

5.         Type of District(s)/ Unique Representational Issues (if any)

This District is a single conventional Title 32 Special Metropolitan District.  All property owners within the boundaries of this district who are otherwise eligible as electors within the State of Colorado have the opportunity to fully participate in future elections of the district and are eligible to run for Director positions when these positions become open.

6.         Authorized Purposes of the District(s)

The Service Plan authorizes street improvements (drainage) and park and recreation pursuant to Title 32. For additional details, please call the Contact.

7.         Active Purposes of the District(s)

The primary active purpose of the district is to use the Fountain Mutual irrigation ditch for stormwater drainage and park and recreation purposes.

8. Current Certified Mill Levies

      a. Debt Service:  0

      b. Operational:  12.562

      c. Other:  0

      d. Total:  12.562

9.         Sample Calculation of Current Mill Levy for a Residential and Commercial Property (as applicable).

Assumptions:

$400,000.00 is the total actual value of a typical single family home as determined by El Paso County.

Aggregate total mill levy is projected to remain at 12.562 mills but could be increased by the Board of Directors in the future.

Sample Metropolitan District Mill Levy Calculation for a Residential Property:

$400,000 x .0625 = $25,000 (Assessed Value) x .012562 mills = $314 per year in taxes owed solely to this Special District if the District imposes its projected operations mill levy.

 Sample Metropolitan District Mill Levy Calculation for a Commercial Property:

$200,000 x .029 = $58,000 (Assessed Value) x .012562 mills = $728.60 in taxes owed solely to this Special District if the District imposes its projected operations mill levy.

10.       Maximum Authorized Mill Levy Caps

(Note:  these are maximum allowable mill levies which could be certified in the future unless there was a change in state statutes or Board of County Commissioners approvals)

      a. Debt Service: 0

      b. Operational: 12.562

      c. Other: 0

      d. Total: 12.562

11.       Sample Calculation of Mill Levy Cap for a Residential and Commercial Property (as applicable).

 Assumptions:  See Assumptions in #9 above; (please note that these higher sample)

12.       Current Outstanding Debt of the Districts (as           of the end of year of this report)

None

13.       Total voter-authorized debt of the Districts (including current debt):  $15,000,000

14.       Debt proposed to be issued, reissued or otherwise obligated in the coming year: none

15.       Major facilities/ infrastructure improvements initiated or completed in the prior year: none

16.       Summary of major property exclusion or  inclusion activities in the past year: 

There were no inclusions or exclusions of property in 2024.