The Johnstown North Metropolitan District Nos. 1-3 (“Districts”) are governmental entities and political subdivisions of the State of Colorado, designed to serve as perpetual quasi-municipal corporations each operating with a resident elected five-person Board of Directors. The Primary purpose of the Districts are to finance infrastructure required by the Johnstown North development and to provide an on-going institutional structure for the operation and maintenance of signage, recreation and landscaping, and other public facilities.