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Two resolutions opposing the proposed Pine Canyon Planned Development, a construction contract for the 2020 Traffic Signal Construction Project and several finance-related items were topics on Town Council’s Sept. 15 meeting agenda.
Here’s a closer look at those items:
Also on the agenda, Town Council adopted the Town’s 2021 Budget. The $229.8 million budget includes $56.7 million in transportation investments, and water rights and infrastructure projects totaling more than $54 million. Castle Rock Water rates will stay the same for 2021, and system development fees paid by new development for water needs will increase by 4.9%.
Town Council also approved the 2021-2025 Five-Year Capital Improvement Program and Balanced Financial Plan. The Capital Improvement Program identifies a plan, using projected financial resources, for future capital improvement projects consistent with Town Council’s goals and priorities. The Balanced Financial Plan demonstrates the sustainability of the Town’s financial structure and outlines a framework to fund future projects.
Another financial item approved by Town Council on first reading was maintaining the Town’s property tax mill levy rate at 1.196 mills for 2021 – the same rate as 2020. That means the owner of a median-valued home in Town ($428,977) would pay $36.68 in property taxes annually to the Town in exchange for general government, public safety, parks and recreation, and planning and code enforcement services. Final adoption of the 2021 property tax mill levy is expected in early December.
A services agreement was also approved with W.W. Wheeler & Associates for design work on a new reservoir located near Sedalia. Renewable water storage is a key component of Castle Rock Water’s long-term water plan. The Castle Rock Reservoir No. 2 will help Castle Rock Water accommodate daily high use demands during summer months. The Town received a $125,000 grant from the Colorado Water Conservation Board for permitting and design of the reservoir. The total project design cost is about $556,000 and is expected to be complete by fall 2021.
And, the contract for design services was approved for the Four Corners Intersection Improvement Project. The Four Corners Intersection Project consists of intersection improvements at Founders Parkway, State Highway 86, Fifth Street and Ridge Road, also known as the Four Corners. Public input will be collected as the design is determined. Construction is targeted to begin in 2022.
The next meeting is scheduled for Tuesday, Oct. 6, at 6 p.m. Visit CRgov.com/CouncilComments between Oct. 1 and 6 to provide written feedback, or to sign up to speak via videoconference during the meeting. The meeting will be available live at CRgov.com/Oct6Council. In-person attendance will also be available.
Questions? Email all Councilmembers at TownCouncil@CRgov.com, or find your Council representative at CRgov.com/Council; sign up for email updates by clicking “Get Email Updates.” Updates include summaries of top Council items, as well as previews to Council meetings.
View Town Council agendas at CRgov.com/Agendas. Watch Council live at CRgov.com/WatchCouncil, or catch a recording there after the meeting. Town Council meetings are also broadcast live and replayed on Comcast Channel 22.
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