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OCN > 2508 > Triview Metropolitan District – 2024 audit receives unmodified opinion; construction bid awarded

Triview Metropolitan District – 2024 audit receives unmodified opinion; construction bid awarded

By Natalie Barszcz

At the Triview Metropolitan District (TMD) meeting on July 17, the board received the 2024 audit presentation, approved an amendment to the 2024 budget, and awarded the Construction General Manager Contract (CMGC) bid to Kiewit for the completion of the Higby Road project.

The board held an executive session to discuss the purchase and sale of water and land, economic incentive agreements, and agreements with the Town of Monument (TOM), and other governmental and private entities, including Creekside Developments, LLC., and associated entities.

2024 audit is “clean”

Audit Manager Diego Martinez of Haynie and Company presented the 2024 draft audit and financial statements. The district received a “clean” or unmodified opinion.

The board unanimously accepted the audited financial statements and authorized the district accountant to file the documentation with the state of Colorado.

2024 budget amendment

District accountant Cathy Fromm said a fund amendment was necessary for the 2024 budget. The original budget appropriated funds of about $16.976 million to the water and wastewater enterprise fund/capital projects fund, but the 2024 budget required an additional $2.217 million, to pay for the Colorado Springs Utilities (CSU) water costs and tap fee credits reimbursed to contractors. The additional funding is available in the total revenue, that was estimated at about $13 million and ended at about $15 million, said Fromm.

The board unanimously approved the 2024 budget amendment.

Higby Road construction agreement

McGrady requested the board approve Resolution 2025-1 to widen and improve Higby Road. The district received solid bids with a maximum price of about $12.4 million to build the road. Kiewit will have a notice to proceed in August with completion of the road improvements in November 2026. The district occasionally takes on large projects such as the widening of Jackson Creek Parkway that cost about $6.6 million in 2018, said McGrady. See https://wp.ocn.me/v25n7tmd/.

The board unanimously approved a CMGC agreement for construction services between Kiewit Infrastructure Company and TMD, that includes the establishment of a guaranteed maximum price in the amount of about $12,450 million, and authorization for the district manager to sign the documentation.

Defense and indemnification policy

General counsel George Rowley said as a result of the board workshop held on June 20, a defense and indemnification policy had been developed to provide protection for the board directors and district employees. He requested the board approve Resolution 2025-13, a resolution providing a defense and indemnification policy.

The board unanimously approved the resolution.

Water operations update

McGrady said the district budgeted 700-acre feet of renewable water to be transported via the Northern Delivery System for 2025. Water Utilities Superintendent Gary Potter looked at the budgeted and used water, and a decision was made to implement higher well usage during the higher demand months of July and August, pumping ground water to manage the budgeted surface water. The cost to deliver ground water is far less than surface water, however it is unreliable for long term use and the cost to replace well equipment is high. The district continues to supply renewable water to customers, with good inflows of water coming in from the districts water rights, said McGrady.

Executive session

The board moved into executive session at about 8:35 p.m. to discuss the purchase, acquisition, lease, transfer, or sale of real, personal, or other property interests needed by the district, pursuant to Colorado Revised Statutes (CRS) section 24-6-402(a), and to receive legal advice pursuant to CRS section 24-6-402(4)(b), as it relates to water matters and agreements with the Town of Monument (TOM), and other governmental and private entities including Creekside Developments, LLC and associated entities. The session also determined the district’s positions relative to matters that may be subject to negotiations, related to the purchase and sale of water and land, economic incentive agreements, and agreements with the TOM, and other governmental and private entities including Creekside Developments, LLC and associated entities, pursuant to CRS, section 24-6-402(4)(e).

Assistant Manager Steve Sheffield confirmed to this reporter that when the board returned to the regular session at 9:45 p.m., the board unanimously approved an addendum to the partial termination agreement with Creekside Developments, LLC. The meeting promptly adjourned.

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Meetings are usually held on the third Thursday of the month at the district office located at 16055 Old Forest Point, Suite 302. The next regular meeting is scheduled for Aug. 21 at 5:30 p.m. For meeting agendas, minutes, and updates, visit https://triviewmetro.com.

Natalie Barszcz can be reached at nataliebarszcz@ocn.me.

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