Mount Carbon Metropolitan District v. Lake George Co.

Opinion by

Chief Judge STERNBERG.

Mount Carbon Metropolitan District appeals the summary judgment dismissing its suit against the defendant, Lake George Company. We dismiss this appeal as moot.

Mount Carbon executed a promissory note for $180,000 in March of 1987 in favor of Lake George, to be repaid in annual payments. The note was secured by a deed of trust encumbering water rights in two of Mount Carbon’s reservoirs. This debt equaled approximately twenty-two percent of the assessed property value of the district. The court found that no election had been held at which the electors of the…