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E. General Financial Information and Assumptions <br />For purposes of this Service Plan, the initial assessed valuation of all taxable property within <br />the boundaries of the District is assumed to be negligible. <br />The estimated costs of the Public Improvements are set forth in Exhibit C. The District may <br />obtain financing for the Public Improvements through the issuance of publicly or privately placed <br />limited tax general obligation debt which m.ay include bonds, notes, debentures, certificates, leases, <br />loan agreements, reimbursement agreements, or other contracts ("Debt"). Debt will be payable from <br />revenues derived from ad valorem property taxes, development fees, and from other sources <br />authorized under this Service Plan. If the Land Owner constructs Public Improvements and conveys <br />such Public Improvements to the District in return for Debt or proceeds from Debt, prior to issuing the <br />Debt or making such payment, the District must receive the report of an independent engineer or <br />accountant confirming that the amount of Debt or payment, as applicable, is reasonable. <br />The financial forecasts for the District are contained in the Financial Plan presented in Section <br />VI hereof. The Financial Plan demonstrates one method which might be used by the District to <br />finance the cost of the Public Improvement;>. At the time Debt is proposed to be issued, alternative <br />financial plans maybe employed and be utilized by the District within the limits of the Service Plan. <br />Pursuant to 32-1-202(2)(b), C.R.S., the Board of Directors of the District shall notify the City Council <br />of the City of Louisville, Colorado ("City Council") of any alteration or revision of the proposed <br />schedule of Debt issuance set forth in the Fiinancial Plan so City Council may determine whether a <br />material modification to the Service Plan is needed. <br />F. Consultants <br />The assumptions contained within this Service Plan were derived from a variety of sources. <br />Information regarding the present status of property within the District, as well as the current status <br />and projected future level of services, was obtained from the Land Owner. Construction cost estimates <br />were assembled by the Land Owner, with the- assistance of Jason Margraf with J3 Engineering. Legal <br />advice in the preparation of this Service Plan was provided by Grimshaw and Harring, P.C., which <br />represents numerous special districts. <br />Consultant Contact Information: <br />General Counsel: Grimshaw and Harring, P.C. <br />1700 Lincoln Street, Suite 3800 <br />Denver, CO 80203 <br />(303) 839-3800 <br />(303) 839-3838 Fax <br />Attn: Norman F. Kron, Esq. <br />Marcus A. McAskin, Esq. <br />4 <br />