Knollwood Metropolitan District board adopts 2026 budget and 20.57 mill levy
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Summary
Acting as the Knollwood Metropolitan District board, councilmembers unanimously adopted the district's 2026 budget, a property tax mill levy totaling 20.57 mills (1 operating + 19.57 debt) and appropriations to cover debt service. The district's remaining role is debt repayment; two loans remain whose largest maturity is 2039.
The Boulder City Council convened as the Knollwood Metropolitan District board during the Nov. 6 meeting to adopt the district’s 2026 fiscal documents. Deputy Finance Director Joel Wagner presented background: Knollwood is a small neighborhood annexed to the city, with responsibility remaining for certain debt and limited services, and with two outstanding loans totaling approximately $2.7 million.
Board action: The board voted unanimously to adopt (1) Resolution 1 adopting the 2026 budget, (2) Resolution 2 setting the 2026 property tax mill levy at 20.57 mills (1 operating mill; 19.57 debt mills), and (3) Resolution 3 appropriating funds to pay district expenses and liabilities for the 2026 fiscal year. The motions passed 9–0.
Context and next steps: Board members asked a question about snow‑plowing arrangements; staff noted that a homeowners association will continue snow‑plowing services following the district’s dissolution of routine functions. Staff said they will return in December with a minor 2025 budget amendment to reconcile an accounting discrepancy and to restore fund balance.
Provenance: Presentation and deliberations recorded beginning at 01:10:55; roll call votes recorded later in the hearing.