To: Honorable Mayor and Members of Town Council
From: Robert J. Slentz, Town Attorney
Title
Resolution Appointing Directors to the Board of Directors of the Bella Mesa Metropolitan District [East side of Founders]
Body
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Executive Summary
This Resolution appoints the Boards of Directors to the Bella Mesa Metropolitan District f/k/a Vistas at Rock Canyon Metropolitan District (“District”) in accordance with the Special District Act, which authorizes the Town Council to take such remedial action where there are no duly elected Directors.
Background
Town Council approved the District Service Plan in August 2004, and the District organized shortly thereafter. The District consists of approximately 325 acres to be developed for residential and retail purposes, however no development has taken place to date. Fourth Investment USA, LLC recently acquired all of the property within the District. Due to the property conveyance, the existing board of directors were disqualified and the entire District Board is now vacant. The Town Council is authorized to appoint qualified individuals to the District Board because the Board is entirely vacant and failure to appoint directors to the Board would result in the interruption of services to be provided by the District. Upon reappointment to the Board, the proposed directors will schedule an election to be held in May, 2018. It is anticipated that at the election, both the proposed directors will be required to seek election of their appointed positions, as well as the three remaining vacant positions.
Staff Recommendation
Staff recommends approval of the Resolution as presented, appointing John V. Hill, Scott Green and Anna Maria Ray to the Bella Mesa Metropolitan District Board of Directors.
Proposed Motion
I move to approve Resolution No. 2017-__, appointing Directors to the Board of Directors of the Bella Mesa Metropolitan District.
Attachments
Attachment A: Resolution