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
Municipal Advisor Rule
IRMA: Stifel, Nicolaus & Company, Incorporated
Denver Water has retained an independent registered municipal advisor. Denver Water is represented by and will rely on its municipal advisor Stifel to provide advice on proposals from financial services firms concerning the issuance of municipal securities and municipal financial products. This certificate may be relied upon until November 30, 2022. Proposals may be addressed to Denver Water. If the proposal received will be seriously considered by Denver Water the entity will share the document with its municipal advisor. Please note that aside from regulatorily mandated correspondence between an underwriter and municipal advisor, the underwriter should not speak directly with or send documents directly to the municipal advisor unless specifically directed to by the issuer.
By publicly posting the following written disclosure, Denver Water intends that market participants receive and use it for purposes of the independent registered municipal advisor exemption to the SEC Municipal Advisor Rule.
Auditors & Consultants
Independent Auditor: CliftonLarsonAllen LLP
Address: 8390 E. Crescent Parkway, Suite 500, Greenwood Village, CO 80111
Financial Advisor: Stifel, Nicolaus & Company, Incorporated
Address: 1401 Lawrence St., Suite 900, Denver, CO 80202
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