The Board, commonly known as Denver Water is an independent, autonomous and non-political agency with duties and responsibilities specifically set forth in the Charter of the City and County of Denver, Colorado (the “City”).
Denver Water is, and is operated as, an “enterprise” of the City as defined in Section 20, Article X of the constitution of the State of Colorado, and a “water activity enterprise” as provided in the Water Activity Law of the State.
As amended by the City’s voters at the November 5, 2002 election, the home rule charter of the City of Denver authorizes the Board to issue only revenue bonds without prior voter approval. Prior to this amendment, the Board was authorized to issue both general obligation bonds and revenue bonds, in either case subject to prior approval of the City’s electorate except for certain refunding bonds. There are no longer any general obligation bonds outstanding. Denver Water has no legal debt limits. However, the Board has adopted a debt policy to direct the timing and use of debt.
For more news and information about Denver Water see About Us.
Official Statement & Ratings
To access the official source for the Board’s municipal disclosure and market data, the Electronic Municipal Market Access System (EMMA) website, please click on the following link to be redirected to our issuer page:
To view the rating for any particular issue, simply click on the issue description.
Municipal Advisor Rule
IRMA: Piper Sandler & Co.
To all potential underwriters, placement agent and other market participants:
By publicly posting the following written disclosure, the City and County of Denver, acting by and through its Board of Water Commissioners, intends that market participants receive and use it for purposes of the independent registered municipal advisor exemption.
We have retained Piper Sandler & Co. among other things, to assist us in evaluating advice received in connection with the issuance of municipal securities and municipal financial products (as such terms are defined in the Municipal Advisor Rule (SEC Rule 15Ba1-1(d)(3)(vi)(B)) and the Securities Exchange Act of 1934, as amended (the Act)). We will rely on the advice of Piper Sandler & Co. with respect to any advice you may provide relating to such matters. For purposes of this certificate, “reliance” means that we will seek and consider the advice, analysis and perspective of the Piper Sandler & Co. but does not mean that we are assuming an obligation to follow that advice.
Unless we provide you with a representation to the contrary, you may continue to rely on this letter until June 30, 2024.
Auditors & Consultants
Independent Auditor: CliftonLarsonAllen LLP
Address: 8390 E. Crescent Parkway, Suite 500, Greenwood Village, CO 80111
Disclosure Counsel: Stradling Yocca Carlson & Rauth, P.C.
Address: 1400 16th Street, Suite 400, Denver, CO 80202
Phone: 888– 993-7311
Bond Counsel: Butler Snow LLP
Address: 1801 California Street, Suite 5100, Denver, CO 80202
Phone: 720 - 330-2300