UMB Bank, N.A. v. Landmark Towers Ass'n

delivered the Opinion of the Court. '

¶1 This case involves the establishment and funding activities of petitioner Marin Metropolitan District (the “District”), a special district that was created as a vehicle to finance the infrastructure of a proposed residential community. In. late 2007, the organizers of the District held an organization election and approved the creation of the District. At the same time, pursuant to Colorado’s Taxpayer Bill of Rights (“TABOR”), the organizers voted to approve the issuance of bonds and to impose property taxes to pay the bonds on landowners within the…