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Regency Park was located within the geographical limits of the
Triview metropolitan district (Triview). Triview is an
independent quasi-municipal corporation and political subdivision
organized under the laws of Colorado. Its purpose was to provide
services to the residents of the district, such as building
roads, providing water and sanitation services, and building and
maintaining parks. For funding purposes, Triview had the ability
to levy taxes, issue general obligation and revenue bonds, and
assess fees.
During 1987, Triview entered into two agreements obligating
itself to construct improvements to the infrastructure of the
Regency Park property. After the approval of a master plan,
Regency Group and Triview, on March 6, 1987, entered into a Tap
Fee Agreement. Under the agreement, Triview was to construct
water and sewer improvements to Regency Park, and Regency Group
would remit an initial payment and additional ongoing fees for
water and sewer taps. On September 22, 1987, Triview, Regency
Group, and two other partnerships that owned property within the
Triview district, entered into an Intergovernmental Agreement
with the town of Monument, Colorado. Under its terms, Triview
agreed to construct several public facilities within the Triview
district, including roads, water and sanitation plant facilities,
parks, and traffic control systems. Regency Group agreed to be
responsible for the construction of infrastructure to deliver the
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Last modified: May 25, 2011