NOTICE - BUILDING PERMIT FEE INCREASE FOR 2025
We wanted to extend the courtesy of advising builders that the building permit fees for Woodmen Heights Metropolitan District will be increasing for 2025. We recommend that you get your payments in by December 31st, starting January 1st, 2025 we will be increasing to the fees as described below.
Platting Fees:
Residential- $5,500/acre
Commercial - $5,500/ acre
Capital Improvements Obligation Fee - $2,200/acre
Building Permit Fees (5% increase yearly):
Commercial Fees- $1.21/sq ft
Residential-
Single-Family- $4,813.24/unit
Multi Family- $2,887.95/unit
The Series 2005 Bonds are being issued to provide funds to: (i) acquire and construct certain public infrastructure improvements in the Financing Districts consisting generally of sanitation, water, street, stormwater, and parks and recreation facilities and related improvements, including reimbursements to certain Land Owners for amounts advanced for such purpose, (ii) capitalize a portion of the interest to accrue on the Series 2005 Bonds, (iii) fund a debt service reserve fund, and (iv) pay certain costs related to the issuance of the Series 2005 Bonds, including fees of the Trustee and Underwriter and certain organizational costs of the Districts.
“Facility Fees” consist of “Residential Facility Fees” imposed and collected by the Residential District pursuant to a Joint Resolution adopted by the Districts on June 2, 2005 (the “Joint Fee Resolution”), and “Commercial Facility Fees” imposed and collected by the Commercial District pursuant to the same Joint Fee Resolution.
Unpaid Facility Fees are assessed a late penalty of 5% per month, not to exceed twenty-five percent (25%) of the amount due. Interest will also accrue on any outstanding Facility Fee, exclusive of such assessed late fee, at the rate of eighteen percent(18%) per annum. In the event of a default of a payment of a Facility Fee, the District’s statutory lien can be foreclosed in the same manner as provided for in the foreclosure of mechanics’ liens in Colorado.
It is anticipated that the Facility Fees will be collected on behalf of the Financing Districts by Walker Schooler District Managers, as District Manager. To facilitate the collection process, the City’s Development Review Enterprise Department has advised the Districts that it will provide to the District Manager copies of each plat to be recorded within the Districts. Upon receipt of such plats, the District Manager plans to request a take down schedule for the owners or developers of the subject property. The District Manager will then monitor building permits weekly through the Regional Building Department website (www.pprbd.com), invoice builders for the payment of fees when due, contact builders for the payment of delinquent fees, and record liens against properties as appropriate.
The District Manager also plans to perform periodic site inspections to verify the status of construction. There is no mechanism in place, however, which would prohibit the City from issuing a building permit for property within the Financing Districts for which Facility Fees are unpaid. There can be no assurance that the City will not issue building permits prior to receipt by the Financing Districts of Facility Fees, or that the afore-described collection procedure will result in the timely and full collection of Facility Fees. Pursuant to the Funding Agreement, the Financing Districts are to pay all such Facility Fees to the Trustee as soon as practicable upon receipt.