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TODD CREEK VILLAGE v. VALLEY BANK & TRUST

Court of Appeals No. 12CA1302.

325 P.3d 591 (2013)

2013 COA 154

TODD CREEK VILLAGE METROPOLITAN DISTRICT, Plaintiff-Appellee, v. VALLEY BANK & TRUST COMPANY, Defendant-Appellant.

Colorado Court of Appeals, Div. VI.

Rehearing Denied December 19, 2013.

Attorney(s) appearing for the Case

Carver Schwarz McNab Kamper & Forbes, LLC, Peter C. Forbes , Denver, Colorado, for Plaintiff-Appellee.

Snell & Wilmer L.L.P, Michael E. Lindsay , Jessica E. Yates , Denver, Colorado, for Defendant-Appellant.

Hogan Lovells U.S. LLP, Craig A. Umbaugh , David A. DeMarco , Denver, Colorado, for Amicus Curiae Colorado Bankers Association.

Heizer Paul LLP, Dean C. Heizer , Denver, Colorado, for Amicus Curiae Colorado Municipal Bond Dealers Association.

Opinion by JUDGE ROTHENBERG*

¶ 1 At issue in this appeal is whether the plaintiff, Todd Creek Village Metropolitan District (the special district), had the constitutional and statutory authority to enter into loans and security agreements with the defendant, Valley Bank & Trust Company (the bank), and to pledge the district's assets as collateral. Because we conclude the special district had such authority, we reverse the judgment...

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