Lawsuit Fallout Could Cost Turnberry Residents Millions In New Taxes

By Sage Kelley | The Denver Gazette

Homeowners of a small neighborhood in Commerce City remain confused and irate about the future of their property taxes in the aftermath of a lawsuit between the metropolitan district where they live and a bank.

The conflict stems from a 2023 lawsuit in which UMB Bank in its capacity as trustee, alleged the BNC2 Metropolitan District No. 2 was improperly diverting property tax revenue for “administration and operations,” rather than paying back the bonds on which the property taxes were assessed.

BNC2, a metro district of about 330 homes, oversees one-third of the Turnberry development.

Other lawsuits between three metro districts alleged the administrator overseeing BNC2 at the time — and many other metro districts — took control of its day-to-day operations, enriched himself with property tax revenue that was supposed to pay down the more than $21 million in bonds that helped build the district.

The administrator rejected the allegations, stating that the money was being used for administrative fees necessary to move through the bond-repayment process.

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