The Canyons Annexation Brings 11 New Metro Districts

By Jeff Huff  

In a few weeks city council will hear public comment and vote on the annexation of The Canyons development. The annexation documents provide for the creation of eleven new metro districts with property tax debt ceilings set nearly three times higher than CPN’s existing 24 mills.

Shul has often argued for “integration” of services in Castle Pines North. Claiming that integration will lead to substantial cost savings for CPN residents, city officials have sought the dissolution of the CPN Metro District and a corresponding transfer of budgets, money and operational oversight to the city’s corporate service provider, CH2M Hill.

It seems ironic to me that the mayor and city council can advocate with a straight face the elimination of one district while passing legislation to create eleven more.

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5 Responses to “The Canyons Annexation Brings 11 New Metro Districts”

  1. M. Ford on September 23rd, 2009 12:07 pm

    Good for you. I have been an actively practicing CPA for 35 years. Anyone who thinks that the current Mayor and City Council are doing anything more than supporting CH2M Hill’s over inflated billings are absolutely nuts.

  2. Scott McMillan on September 25th, 2009 1:15 pm

    Is there any logic to the city’s argument that they can a operate the CPN Metro District more efficiently that its current proprietor? No, the city just wants the mill levies.

  3. Cornell Jivoin on September 29th, 2009 11:11 am

    Jeff, Can you tell me something about the”Canyons” annexation. I have been told that the Canyons Developer’s are paying The City of Castle Pines North $1.9 million dollar annex fee and they will in exchange get something like 50% of the commercial tax revenue. Can you tell me if this is correct?

    Thanks,

    Cornell Jivoin
    Greentree Resident

  4. Jeff Huff on September 30th, 2009 8:29 am

    Section 1.6 (a)(i) of the Annexation and Development Plan calls for a payment of $1,976,400 to the City from the developer to “help defray the cost to the City of providing municipal services.” It is not a windfall to the City. Article 5 of the Plan provides for Revenue Sharing and Fee Waivers. A portion of that section describes the creation of a “Sales Tax Credit” payable to the developer of 50% of the sales tax rate for a period of 35 years. The Development plan document can be read in its entirety here: http://www.castlepinesconnection.com/pages/news/2009/qtr3/Canyons_Development_Agreement.pdf

  5. Amy on April 23rd, 2010 1:04 am

    Is there any logic to the city’s argument that they can a operate the CPN Metro District more efficiently that its current proprietor? No, the city just wants the mill levies.

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