Cumberland Green Metropolitan District
The Cumberland Green Metropolitan District is 265.70 acre development that is located approximately 16 miles Southeast of Colorado Springs and is located within the City of Fountain, Colorado. The District was created on December 14, 2005 and provides the following services under its approved Service Plan:
- Parks and Open Space Maintenance
- Covenant Enforcement
- Payment of General Obligation Debt
The District imposes a 47 mill tax levy. The money derived from the District's mill levy is used to service its $5,380,000 General Obligation Debt, maintain the District's parks and open space, enforce of the community covenants, and pay for various administrative expenses.
The community has approximately 577 single homes and is currently considered built out. The District's current assessed valuation is approximately $17,628,280 which is sufficient to support the District's $553,000 annual budget.
Over the years, the district has been saving money for the prepayment of debt. We plan to prepay nearly 1.9 million dollars of principal in 2025.
The Cumberland Green Metropolitan District is managed by James McGrady who reports to a five member Board of Directors. Those Directors are:
We are proud of our beautiful community that combines its open space, rural surroundings with the amenities of a thriving metropolitan area.
News
Required Notice Pursuant to House Bill 23-1105 – Metropolitan District Homeowners’ Rights Task Force
House Bill 23-1105 created the HOA and Metropolitan District Homeowners’ Rights Task Forces to examine certain matters in communities that are governed by these entities. The Metropolitan District Homeowners’ Rights Task Force will review, among other matters, tax levying authority and practices, foreclosure practices, communications with homeowners and governance policies. A requirement of the new law is that we notify you of the creation and existence of the Metropolitan District Homeowners’ Rights Task Force prior to its first meeting. If you have any questions about the Metropolitan District Homeowners’ Rights Task Force, please reach out to the Colorado Department of Regulatory Agencies or visit their website at https://dora.colorado.gov.
Important! Prohibited Parking Changes 7/1/2022
The board of directors has passed an amendment to the Rules & Regulations detailing new prohibited parking rules. See the details here.
Local Information
Forecast for Fountain, CO
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Cooling down with no rain expected.
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