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Pay My Bill: Triview Forest Lakes

Sources and Use of Funds for the Triview Metro District

Triview consists of two distinct organizations: the General Fund and the Utility Enterprise. The General Fund provides all street maintenance (including street overlays and snow removal), parks and open space maintenance, and operates our stormwater facilities.

The General Fund receives money from three primary sources: a 50% sales tax share-back agreement with the Town of Monument from retail businesses located on Baptist Road and on Jackson Creek Parkway, and a property tax mill levy of 24.5 mills. The third source of funding is from one-time fees charged at the time a building permit is issued for newly constructed homes and commercial buildings. The sales tax money is used to pay for the operation of the Streets and Parks departments along with 3.0 mills from the property tax assessment. The remaining 21.5 property tax mill levy is used to pay debt service payments on bonds that were issued for the initial construction of all of the district’s infrastructure beginning in the mid-1980s.

The Utility Enterprise provides water and wastewater services to our approximately 2,155 homes and businesses (as of July 2023). In order to pay for utility operations, we charge fees for both water and wastewater services. The Utility Enterprise also collects various water and wastewater fees on each home being built in the district. These fees are used to build major capital projects such as the Northern Delivery System, acquire water rights, and pay a portion of the debt service on revenue bonds that were issued to pay for the district’s renewable water rights. The Utility Enterprise also is responsible for planning and implementing a transition from nonrenewable Denver Basin groundwater to renewable surface water.

As Triview grows, both residential and commercial properties add value to Triview’s overall  market value, which yields an increase in assessed valuation. When the district market value appreciates, it takes fewer mills to pay outstanding general obligation debt. This then enables the district to continue to reduce the mill levy, which will translate into lower taxes assessed on property within the district’s boundaries.

District Information

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