Here is an excerpt from a letter to the editor published in the Denver Post, today, January 24, 2020 from a gentleman in Commerce City:
“Sales of new bonds must be stopped until full accountability can be determined.”
“Every metro taxing district should be immediately audited and investigated to determine if the cost of the development they are repaying themselves for is justified and not padded.”
This audit can be accomplished by each and every district itself. We don’t need to wait for the State.
Solterra had a bid from an independent forensic expert over two years ago to perform such an audit – at a cost equal to less than what we have spent on an expert to advise the board on when to issue new bonds. The Board decided to think about it.
If they “get it” in Commerce City, why don’t we “get it” here in Solterra.
Here is the full letter:
“Lawmakers need to get busy studying metro district risks
Re: “Metro districts: Business as usual before departure,” Jan. 22 news story
I am asking all readers to contact Gov. Jared Polis, Attorney General Phil Weiser and their state representative to put a stop to these metro districts. Ask them to take immediate action to stop greedy developers operating metro taxing districts from continuing to self-deal on property development infrastructure. The clear conflict of interest is outrageous and must be stopped. This is taxation without representation. Sales of new bonds must be stopped until full accountability can be determined. Every metro taxing district should be immediately audited and investigated to determine if the cost of the development they are repaying themselves for is justified and not padded. The attorney general needs to initiate a full investigation as soon as possible. Please ask the legislature to repeal these districts to prevent future abuse.
William Canelos, Commerce City”
John Henderson