About
The Valagua Metropolitan District is a quasi-governmental entity formed in 2003 to provide essential public improvements and services for the Brightwater Club community, which is located roughly 5 miles south of the Town of Gypsum in Eagle County, Colorado. The gated community contains a total of 963 acres which are largely bordered by BLM land and will eventually contain a total of 535 residential lots as well as a private golf course and other Club amenities.
The District’s primary function is the servicing of debt which was issued to finance the costs of constructing public improvements, including water and sewer lines, enhancements to the road used to access the subdivision, and limited recreational amenities.
The majority of the infrastructure constructed has been conveyed to the Town of Gypsum for ongoing operation and maintenance. The District did not finance nor is responsible for any of the roads inside of the gates nor any of the Club facilities as these are not public improvements.
The District is funded through property taxes assessed upon property owners within the District.