Attachment A - 2026 Knollwood Property Tax Mill Levy Resolution 6

Regular Meeting, October 15, 2026 · item 6C: Consideration of the following pertaining to the 2027 budget of the Knollwood Metropolitan District: Consideration of a motion to convene th… · 2 pages

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RESOLUTION 6 A RESOLUTION ESTABLISHING THE 2027 KNOLLWOOD METROPOLITAN DISTRICT PROPERTY TAX MILL LEVY FOR PAYMENT OF EXPENDITURES, IN PART, OF THE DISTRICT DURING THE FISCAL YEAR 2027, BEGINNING JANUARY 1, 2027; AND SETTING FORTH RELATED DETAILS THE CITY COUNCIL OF THE CITY OF BOULDER, COLORADO, ACTING AS THE BOARD OF DIRECTORS OF THE KNOLLWOOD METROPOLITAN DISTRICT, HEREBY FINDS AND RECITES THAT: A.

WHEREAS, the Board of Directors (the “Board”) of the Knollwood Metropolitan

District (the “District”) has prepared and adopted a budget of the District for the 2027 fiscal year in accordance with the local government budget law; and B.

WHEREAS, the Board has reviewed the projected expenditures of the District for

2027; and C.

WHEREAS, the Board has considered all fund balances and sources of revenue of

the District; and D.

WHEREAS, the amount of money necessary to pay principal and interest coming

due on voter approved general obligation debt of the District is expected to be $46,200 for the General Obligation Loan, Series 2017 and $177,143 for the General Obligation Loan, Series 2023; and E.

WHEREAS, the Board has determined that there will not be sufficient existing fund

balances and revenues to cover repayment of debt service and that a tax levy of 19.570 mills should therefore be imposed;

WHEREAS, the amount of money necessary to balance the budget for general

operating purposes is $10,000; and G.

WHEREAS, the Board has determined the mill levy of 1.000 mills for general

operating expenses is necessary to continue operating the District while it repays the debt service. BASED ON THE FINDINGS MADE IN THIS RESOLUTION, ABOVE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF BOULDER, COLORADO, ACTING AS THE BOARD OF DIRECTORS OF THE KNOLLWOOD METROPOLITAN DISTRICT, THAT: Section 1. Effective at 12:00 midnight at the end of December 31, 2026, there is hereby levied for the year 2026, to be collected in 2027, a tax of 20.570 mills upon each dollar of the total assessed valuation of all taxable property within the area of the District. The levy includes the following components: General Operating: Debt Service:

1.000 19.570

Section 2. The Secretary of the District is directed to certify the within levy to the County Assessor, Boulder County, Colorado. ADOPTED this 15th day of October 2026.

Attest: _____________________________ Secretary

____________________________________ Aaron Brockett, Chair