The PID Board has referred a ballot measure to the Nov. 3 General Election that would allow the PID to incur debt to pay for capital improvements to the wastewater treatment plant.
Staff Contact: Natalie Springett at nspringett@bouldercounty.gov.
County Issue 6A: Eldorado Springs Public Improvement District (Eldorado Springs Public Improvement District of Boulder County Debt Authorization)
SHALL ELDORADO SPRINGS PUBLIC IMPROVEMENT DISTRICT OF BOULDER COUNTY DEBT (FOR ELDORADO SPRINGS LOCAL IMPROVEMENT DISTRICT NO. 3) BE INCREASED BY UP TO $1,000,000, WITH A MAXIMUM REPAYMENT COST OF UP TO $1,440,000 (SUCH AMOUNTS TO BE REDUCED TO THE EXTENT PROJECTED COSTS OR LOAN RATES HAVE BEEN OVER-ESTIMATED, OR TO THE EXTENT ADDITIONAL SOURCES OF FUNDING, IF ANY, ARE SECURED) FOR THE PURPOSE OF FINANCING THE COSTS OF IMPROVEMENTS TO THE ELDORADO SPRINGS WASTEWATER TREATMENT PLANT AND ANY COSTS NECESSARY OR INCIDENTAL THERETO, INCLUDING WITHOUT LIMITATION THE COST OF ESTABLISHING RESERVES TO SECURE THE PAYMENT OF SUCH DEBT; SHALL SUCH DEBT BEAR INTEREST AT A MAXIMUM NET EFFECTIVE INTEREST RATE NOT TO EXCEED 4% AND BE PAYABLE FROM SPECIAL ASSESSMENTS IMPOSED AGAINST BENEFITED PROPERTIES WITHIN THE LOCAL IMPROVEMENT DISTRICT AND FROM OTHER FUNDS THAT MAY BE LAWFULLY PLEDGED TO THE PAYMENT OF SUCH DEBT; AND SHALL THE REVENUES FROM SUCH SPECIAL ASSESSMENTS AND ANY EARNINGS THEREON AND FROM THE INVESTMENT OF THE PROCEEDS OF SUCH DEBT CONSTITUTE A VOTER-APPROVED REVENUE CHANGE; ALL IN ACCORDANCE WITH RESOLUTION NO. 2026-003 OF THE BOARD OF DIRECTORS OF THE PUBLIC IMPROVEMENT DISTRICT?
____YES ____NO
A Resolution of the Board of the Eldorado Springs Public Improvement District of Boulder County referring to the electors of the District the question whether the District shall incur a debt payable from special assessments to be assessed within Eldorado Springs Local Improvement District No. 3, to be created by the District after the date hereof, and certifying a ballot title for the November 3, 2026, election to seek voter approval to incur such debt.
Note: Senate Bill 03-139, C.R.S. 1-7-908, requires that political subdivisions seeking debt authorization must post certain financial information in advance of the election. In the Nov. 3, 2026, election the Eldorado Springs Public Improvement District of Boulder County (ESPID) is seeking authorization from electors in the ESPID to take out a loan to pay for capital improvements at the wastewater treatment plant. This ballot issue triggers the required ESPID statutory reporting document.
Eldorado Springs Public Improvement District Background
The Eldorado Springs Public Improvement District (PID) operates the Eldorado Springs wastewater system pursuant to Resolution 2024-056. Boulder County’s Board of County Commissioners (BOCC) serves as the governing body (Board of Directors) of the PID. Prior to the creation of the PID, the district was a Local Improvement District. An advisory committee serves as a communication link between residents, contractors, and the County.
RESOLUTION NO. 2024-056 A Resolution of the Board of County Commissioners of Boulder County describing a proposal to authorize the formation of the Eldorado Springs Public Improvement District and other related matters.
Meeting Schedule
The advisory committee meets the third Thursday of each month 6:30 – 8:30 p.m. Meetings are open to the public and allow time for public comment.
To sign-up to attend the virtual meetings and receive meeting notices and agendas, please contact: Taylor Ladenburg tladenburg@bouldercounty.gov or call 303-441-4873
Current Members
Up to five members represent various segments of the Eldorado Springs community. Members are appointed by the Board of County Commissioners.
- Tod Smith
- Alex North
- Heidi Gerstung
- (Vacant)
- (Vacant)
Apply now by visiting the Advisory Boards and Committees website.