<html><head><meta http-equiv="Content-Type" content="text/html charset=utf-8"></head><body style="word-wrap: break-word; -webkit-nbsp-mode: space; -webkit-line-break: after-white-space;">I don’t have anyone signing the argument against.<div><br></div><div>
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<h1>Arguments For<o:p></o:p></h1><p class="MsoNormal"><o:p> </o:p></p><p class="MsoListParagraphCxSpFirst" style="text-indent:-.25in;mso-list:l0 level1 lfo1"><!--[if !supportLists]-->1.<span style="font-size: 7pt; font-family: 'Times New Roman';">
</span><!--[endif]-->The District has provided vital sewage service
since the inception of Cherry Hills North. The District’s continued
responsibility requires closing the gap between revenue and expenses.<o:p></o:p></p><p class="MsoListParagraphCxSpMiddle" style="text-indent:-.25in;mso-list:l0 level1 lfo1"><!--[if !supportLists]-->2.<span style="font-size: 7pt; font-family: 'Times New Roman';">
</span><!--[endif]-->The District has historically been funded by a
mill levy that is tax deductible to the residents, and has virtually no
collection overhead. The proposed increase
in the mill levy will result in a net increase to residents of less than
$25/month<a href="#_ftn1" name="_ftnref1" title=""><span class="MsoFootnoteReference"><!--[if !supportFootnotes]--><span class="MsoFootnoteReference"><span style="font-size:12.0pt;font-family:Cambria;
mso-ascii-theme-font:minor-latin;mso-fareast-font-family:"ＭＳ 明朝";mso-fareast-theme-font:
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mso-bidi-theme-font:minor-bidi;mso-ansi-language:EN-US;mso-fareast-language:
EN-US;mso-bidi-language:AR-SA">[1]</span></span><!--[endif]--></span></a>,
and should suffice for several years to come.<o:p></o:p></p><p class="MsoListParagraphCxSpLast" style="text-indent:-.25in;mso-list:l0 level1 lfo1"><!--[if !supportLists]-->3.<span style="font-size: 7pt; font-family: 'Times New Roman';">
</span><!--[endif]-->The District is obligated to close the revenue
gap. Most Districts employ a user fee model, which results in higher overhead
and the resulting fees are not tax deductible. A failure to raise the mill levy
will result in user fees being levied. <o:p></o:p></p><p class="MsoNormal"><o:p> </o:p></p><p class="MsoNormal">For background about the District, finances, and document
archive, <a href="http://chnorthmetro.us/">http://chnorthmetro.us/</a><o:p></o:p></p>
<h1>Argument Against<o:p></o:p></h1><p class="MsoNormal"><o:p> </o:p></p><p class="MsoListParagraph" style="text-indent:-.25in;mso-list:l1 level1 lfo2"><!--[if !supportLists]-->1.<span style="font-size: 7pt; font-family: 'Times New Roman';">
</span><!--[endif]-->Most Districts employ user fees. The mill levy
approach results in very modest tax savings to residents and the cost of
elections is nontrivial. The residents would be better served by adopting a
user fee model.<o:p></o:p></p><p class="MsoNormal"><o:p> </o:p></p>
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<div id="ftn1"><p class="MsoFootnoteText"><a href="#_ftnref1" name="_ftn1" title=""><span class="MsoFootnoteReference"><!--[if !supportFootnotes]--><span class="MsoFootnoteReference"><span style="font-size:12.0pt;font-family:Cambria;mso-ascii-theme-font:minor-latin;
mso-fareast-font-family:"ＭＳ 明朝";mso-fareast-theme-font:minor-fareast;
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mso-bidi-theme-font:minor-bidi;mso-ansi-language:EN-US;mso-fareast-language:
EN-US;mso-bidi-language:AR-SA">[1]</span></span><!--[endif]--></span></a>
$38,600/140/12 .. I have not taken into
account likely tax credit value. I don’t
recall the precise number of homes. FWIW
I don’t propose that we include this footnote.<o:p></o:p></p>
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<!--EndFragment--><div apple-content-edited="true">
<div style="color: rgb(0, 0, 0); letter-spacing: normal; orphans: auto; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: auto; word-spacing: 0px; -webkit-text-stroke-width: 0px; word-wrap: break-word; -webkit-nbsp-mode: space; -webkit-line-break: after-white-space;"><div style="color: rgb(0, 0, 0); letter-spacing: normal; orphans: auto; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: auto; word-spacing: 0px; -webkit-text-stroke-width: 0px; word-wrap: break-word; -webkit-nbsp-mode: space; -webkit-line-break: after-white-space;"><div><div>Keith Bierman</div><div>Director</div><div>Cherry Hills North Metropolitan District</div><div><a href="mailto:keith.bierman@chnorthmetro.us">keith.bierman@chnorthmetro.us</a></div><div>(303)-997-2749</div></div><div><br></div></div><br class="Apple-interchange-newline"></div><br class="Apple-interchange-newline"><br class="Apple-interchange-newline">
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