Repeal of North Range Metropolitan District No. 3's Unused Borrowing Authority
Voter approval requirementRepeal of unused debt authority
Permanently repeals all of North Range Metro District No. 3's unused voter-approved debt authorization; its existing debt is unaffected.
North Range Metropolitan District No. 3
Kim's Recommendation
YES
Vote Yes on North Range Metropolitan District No. 3 Ballot Issue 6A
The district sent the proceeds of both bonds it owes today to the developer or to a district the developer controls. Both bond series pledge property tax revenue and mature in 2050. The subordinate bond pays only when pledged revenue is available, and unpaid amounts can remain owing until December 15, 2060. Any amount still unpaid on that date is discharged. The second bond carries 8 percent interest for its holder, a developer affiliate, with unpaid interest compounding, and developer employees held every seat on the board that issued it.
Ballot Issue 6A cancels the $840 million in authority that remains and leaves the existing bonds alone. After it passes, any new debt that needs voter authorization goes back to the district's voters for a vote on its amount. I support this limit on the district's borrowing, which its board, now made up of homeowners, referred to the voters. Debt that homes carry for 30 years belongs before the voters when it is proposed.
I recommend a yes vote on North Range Metropolitan District No. 3 Ballot Issue 6A.
Kim Monson
Host, The Kim Monson Show · President, Colorado Union of Taxpayers · Colorado Voter's Guide 2026
Certified ballot question
REPEAL UNUSED DEBT AUTHORIZATION
SHALL ALL UNUSED DEBT AUTHORIZATION GRANTED BY THE VOTERS IN ALL PRIOR ELECTIONS TO NORTH RANGE METROPOLITAN DISTRICT NO. 3 BE FOREVER REPEALED AND RESCINDED EFFECTIVE IMMEDIATELY?
A yes vote means
Repeals all unused voter-approved debt authorization from prior elections. Existing debt remains in place, and any new debt that needs voter authorization would require a new vote.
A no vote means
The district would keep its unused borrowing authority.
The Authority 6A Repeals01
North Range Metropolitan District No. 3 covers 1,203 homes in the Reunion community of Commerce City. Ballot Issue 6A repeals all debt authorization that the district's voters approved in earlier elections and the district has not used. The repeal is permanent and takes effect immediately. The district's election notice, published by Adams County, lists that unused authority at $840 million in principal.
The district's 2024 annual report lists $840 million in debt authority approved at a November 4, 2014 election, on top of amounts voters approved in 2001, and the same $840 million unused at the end of 2024. The summary of comments filed in favor of 6A says those voters, seven employees of the land developer, voted before any homes were built in the district. No comments were filed against the measure. The district's board, whose five directors are all homeowners in the district, referred the question.
Bonds the District Already Owes02
Ballot Issue 6A applies only to borrowing the district has not done. The district owes $55.6 million in principal on two bond series and repays them from its property tax levy. It issued the first, $51.1 million in general obligation bonds, in November 2020, and the last of them mature in 2050. According to the district, it sent the proceeds to Reunion Metropolitan District, which the developer controls.
The second is a $4.45 million subordinate bond that the district issued in 2022, paid only to the extent pledged revenue is available. CMH Capital, an affiliate of the developer, owns it. It carries 8 percent interest from December 2025, unpaid interest compounds each year, and the bond matures in 2050. The district says the bond reimbursed the developer for money it advanced to Reunion Metropolitan District for capital projects in the district, and that every director on the board at the time was a developer employee.
After the Repeal03
The district then cannot issue new voter-authorized debt until its voters approve a new amount at an election. Its 2001 service plan, which Commerce City approved, separately caps its outstanding general obligation bonds at $280 million. A no vote keeps the $840 million in voter authorization in place, and the district's 2024 annual report says unused authorization expires in November 2034 under state law.
Issue 6A leaves three other grants to separate questions on the same ballot: 6B repeals the 2014 authority to fund multi-year agreements from levies of up to $280 million a year, 6C repeals the 2014 authority for a capital levy of up to $20 million a year, and 6D lowers the operations tax limit from $20 million to $9 million a year, adjusted for inflation.
The 2024 Annual Service Plan Report for North Range Metropolitan District No. 3 is a district financial report that describes the district's service-plan debt authorization and existing bond debt, but it does not mention the 2026 measure 6A or its repeal.
The source is NRMD3's history page, which describes the district's creation, original $280 million debt limit, MLEPA debt restrictions, and some NRMD3 bond issuances, but does not mention 6A or the repeal of unused borrowing authority.
The 2026 election is over. Requests for personalized guides closed on November 3, 2026. The full guide remains available to read.
