Bond Debt
In 2006, 2016 and 2018, the District issued bonds totaling $20,537,000 million and transferred the net cash proceeds to the Aurora High Point at DIA Metropolitan District (AHPDMD) for the purpose of funding the construction of public infrastructure within and outside of the Grove at High Point neighborhood.
The 2006 bonds were paid off from the proceeds of the Series 2016 bonds. In October 2025, all outstanding debt was refinanced and paid off through the issuance of new bonds.
Series 2025 Bonds
On October 22, 2025, the District issued $10,670,000 General Obligation Refunding Bonds, Series 2025 (the Bonds).
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The Bonds bear interest at rates ranging from 5.00% to 5.25%, and are payable semi-annually on June 1 and December 1, beginning on December 1, 2026. The Bonds mature on December 01, 2046 and are secured by and payable from an unlimited debt mill levy pledge.
The Bonds are subject to redemption prior to maturity, at the option of the District on December 01, 2021, and on any date thereafter, upon payment of par, accrued interest, and a redemption premium equal to a percentage of the principal amount so redeemed, as follows:
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Date of Redemption |
Redemption
Premium (%) |
Redemption
Premium ($) |
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Dec. 01, 2030 to Nov. 30, 2031 |
3.0% |
$271,650 |
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Dec. 01, 2031 to Nov. 30, 2032 |
2.0% |
$173,500 |
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Dec. 01, 2032 to Nov. 30, 2033 |
1.0% |
$82,750 |
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Dec. 01, 2033 and thereafter |
0.0% |
$ - |
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