Homeowners of a small neighborhood in Commerce City remain confused and irate about the future of their property taxes in the aftermath of a lawsuit between the metropolitan district where they live and a bank.
The conflict stems from a 2023 lawsuit in which UMB Bank alleged the BNC2 Metropolitan District No. 2 was improperly diverting property tax revenue for “administration and operations,” rather than paying back the bonds on which the property taxes were assessed.
BNC2, a metro district of about 330 homes, oversees one-third of the Turnberry development…