[{"_1":2,"_122":-5,"_123":-5},"loaderData",{"_3":4,"_26":27},"root",{"_5":6,"_17":10,"_18":19,"_20":21,"_22":10,"_23":-5,"_24":-5,"_25":10},"user",{"_7":8,"_9":10,"_11":10,"_12":-5,"_13":-5,"_14":15,"_16":-5},"roles",[],"isAuthenticated",false,"isPremium","planName","subscriptionStatus","featureFlags",{},"insightsBudget","isDevelopmentHost","userPreferences",{},"recaptchaSiteKey","6LcvOJcUAAAAAHsB-gPGfGktcRlKpH7OTIU_dMTD","isImpersonating","impersonation","affiliateStatus","isFreedomPortal","routes/v2/article/layout",{"_28":29,"_30":31},"notFound",true,"relatedArticles",[32,75,87,98,110],{"_33":34,"_35":36,"_37":38,"_39":40,"_41":42,"_43":44,"_45":46,"_47":48,"_49":50,"_51":52,"_53":54,"_55":56,"_57":58,"_59":60,"_61":62,"_63":64,"_65":66,"_67":68,"_69":70,"_71":68,"_72":73,"_74":73},"mediaId",6701932,"mediaKeyId","5399320-7d21d515154c6cca8924d96dfedcdfad","parentId",5399320,"title","Castle Rock approves up to $900,000 assistance deal with outlets for restaurant pad infrastructure","audioSeconds",474,"startMs",2552000,"endMs",3026000,"viewUrl","/Search/View?dp=1&key=5399320-7d21d515154c6cca8924d96dfedcdfad&start=2552&end=3026","thumbnailUrl","https://assets.pipeline.soar.com/5399320-7d21d515154c6cca8924d96dfedcdfad/thumbnail_2552000.jpg","articleUrl","/articles/6701932/Castle-Rock/Douglas-County/Colorado/Castle-Rock-approves-up-to-900000-assistance-deal-with-outlets-for-restaurant-pad-infrastructure","mediaUrl","https://secure.pipeline.soar.com/6701932-9e89f2388158b7e8318cbea5bd4aa481/orig.mp4?Expires=1770447531&Signature=aAR0p6T9-UaHP7nFu39xZzU8FWFhTAntV3oOHnbyKcgAnyVpEP7H1qBnfV5htS9LZI1Xay7I~f68AkY6SpJXThLHOtLOTrV0TkpaqgLCqGa9F74pFAbUlKjGJN35F7huLQ4Axhk7xl~5SzsiCm652k2rcuzpk6SsGeFit4zkIGtWv0Y3UB8E~9U~mQhuSIsBg-RN~LGcX21PKp8tTRwI25HvFWHOecGO5kjMTiah7ndMotXMEvwYmkr1H4ByU6kDqfpix8-7zE8qVJ1QI1MHnXfWL5E61keAUgENpPAlR7tUYNk031NGsAryuvt0OesnIqlhM-TXWwlOjAlhDT8n9w__&Key-Pair-Id=KUT5TJCACFTXG","author","Castle Rock, CO","date","2025-07-15T00:00:00Z","article","Castle Rock’s Town Council unanimously approved a performance-based infrastructure assistance agreement with the Outlets at Castle Rock that will help fund up to $900,000 in infrastructure for new restaurant pad sites.

Town staff and Economic Development representatives said the outlets generate more than 10% of the town’s retail sales tax and that new restaurants at the site could produce significant additional sales tax revenue. Under the agreement approved by council, the town will not pay construction costs up front; rather, the town will reimburse or share revenues for eligible permit and fee costs (estimated at about $550,000 of permitting/fee value in staff estimates) and then share a portion of sales tax for up to five years or until total town assistance reaches $900,000. Staff explained the agreement is strictly performance-based — the developer must complete permitted work and deliver operational restaurants before the town shares revenues.

Why it matters: Town staff said the outlets attract shoppers statewide and are a major contributor to Castle Rock’s sales tax base. Council members described the agreement as a way to retain and grow a major sales-tax generator and to recoup the town’s investment in a short period if projected store sales materialize.

Outcome and next steps: Council approved the agreement unanimously. Staff said the agreement allows for up to five eligible pad sites and provides a not-to-exceed assistance amount of $900,000. Construction and tenant selection remain private to the property owner; the town’s payments occur only after the developer meets performance requirements set out in the agreement.","mediaType","Video","parentTitle","Castle Rock, CO - Town Council on 2025-07-15 6:00 PM - Jul 15, 2025","oneSentenceSummary","Council unanimously approved an infrastructure assistance agreement with the Outlets at Castle Rock to support construction of restaurant pad sites; town support is performance-based and capped at $900,000 and repaid via shared sales tax for up to five years or until cap reached.","taxTitle","Castle Rock, Douglas County, Colorado","taxId",8866,"location","headline","","shortSummary",{"_33":76,"_35":36,"_37":38,"_39":77,"_41":78,"_43":79,"_45":80,"_47":81,"_49":82,"_51":83,"_53":84,"_55":56,"_57":58,"_59":85,"_61":62,"_63":64,"_65":86,"_67":68,"_69":70,"_71":68,"_72":73,"_74":73},6701936,"Council hears Dawson Trails financing plan, approves eligibility for annexation of Dawson Trails parcels",1288,875000,2163000,"/Search/View?dp=1&key=5399320-7d21d515154c6cca8924d96dfedcdfad&start=875&end=2163","https://assets.pipeline.soar.com/5399320-7d21d515154c6cca8924d96dfedcdfad/thumbnail_875000.jpg","/articles/6701936/Castle-Rock/Douglas-County/Colorado/Council-hears-Dawson-Trails-financing-plan-approves-eligibility-for-annexation-of-Dawson-Trails-parcels","https://secure.pipeline.soar.com/6701936-1f8b0ce185d8af94d04454e10ac13453/orig.mp4?Expires=1770447531&Signature=ShiAkbGAod6eQULVzNF8EMFknEqZ2D8ajDYXBffO6VsV7fNUbrd1fKeQ1symK3~nmnZ8HFj7b3bdZx3R06fK6zvjyHLMbOkvAQc~wkQhsJENLoEFu9iOeMZ0io5sUAfjcUUXmTPNgvM0KIY2q2vBLbvN-nQCOAK~697QGisoFXmN~28qKGxOKlQlPTZEab5RXzu6F8KqQdVSCzcA8gf2tJZ0M-SdRZfuaSwJuAWzfCOGtlL8AuQHa-dKNlOJcrTJflYjtTK9mXHqFEBNsbE10eWsRaeqJOycihVPU7sWW0vQkuHPUoMzy7qf4oYyxGHxoBlL4VzCVtYClVo~y3fgJQ__&Key-Pair-Id=KUT5TJCACFTXG","Town staff and the council discussed financing plans for the Dawson Trails development and unanimously approved a resolution finding several parcels eligible for annexation into Castle Rock.

At the meeting, staff described a proposed bond issuance by Dawson Trails Metropolitan District No. 1 consisting of subordinate, limited-tax general obligation bonds with an approximate principal of $66,000,000, an estimated interest rate near 9.25% and a 30-year term. Staff said the bonds would fund public improvements such as roads and utilities permitted under the district service plan and that the proposal is within the service plan’s debt limits and maximum interest rate (the plan allows up to 18%). The town’s finance director reviewed the submission and staff recommended no comment, allowing the district to proceed with its issuance filing as presented.

Separately, council considered an eligibility hearing for annexation of multiple parcels tied to Dawson Trails and related right-of-way. Staff explained this was the second step in Colorado’s three-step annexation process and that parcels met contiguity and ownership-signature requirements under state law. The council passed Resolution 2025-085 finding the listed property eligible for annexation under referenced Colorado statutes.

Why it matters: The Dawson Trails development and its municipal districts comprise a large new neighborhood and transportation work (including the Crystal Valley interchange). The district’s borrowing and annexation steps affect future town infrastructure responsibilities, tax roll, and service area.

Outcome and next steps: The council recorded no objections to the district’s submitted bond materials and recommended the district may proceed with its issuance filing. The council also unanimously approved the eligibility resolution; future council actions will consider annexation ordinances and zoning if and when the applicants advance them to the town’s public hearings.","Town staff reviewed Dawson Trails Metropolitan District No. 1's proposed subordinate limited-tax GO bonds and the council approved a resolution finding multiple parcels eligible for annexation into Castle Rock. Town staff said the bond issuance would be for public improvements and is in compliance with the district service plan.",{"_33":88,"_35":36,"_37":38,"_39":89,"_41":90,"_43":46,"_45":91,"_47":92,"_49":93,"_51":94,"_53":95,"_55":56,"_57":58,"_59":96,"_61":62,"_63":64,"_65":97,"_67":68,"_69":70,"_71":68,"_72":73,"_74":73},6701940,"Castle Rock council approves amendment to Sedalia sewer agreement; amendment includes option to cover potential county funding gap",1237,4263000,"/Search/View?dp=1&key=5399320-7d21d515154c6cca8924d96dfedcdfad&start=3026&end=4263","https://assets.pipeline.soar.com/5399320-7d21d515154c6cca8924d96dfedcdfad/thumbnail_3026000.jpg","/articles/6701940/Castle-Rock/Douglas-County/Colorado/Castle-Rock-council-approves-amendment-to-Sedalia-sewer-agreement-amendment-includes-option-to-cover-potential-county-funding-gap","https://secure.pipeline.soar.com/6701940-6a2c200c77ddd77dacc2f2e88d9c6f52/orig.mp4?Expires=1770447531&Signature=gQdiRNJA0fQ~v49LX1H3-5u0exWgjPIAopFaytvAuiiXPB~VocFiQSQHwuxnnckcToh-S2d3jL43IokfOozk2JgiRaaPuMl82Q1ERH68vUDYgzIQhw9GSX4EiAu9m2DO-8RyvCYqAdaCeY~9~GrSIn-sm8kr-LaTSZOvEb7ooaPjRMyLf9ghPhvxKTdsgdrZaXo2G8L1~UNr8eAOJpLy9wVeFNYhYwQVuyuVY1RoA0ZPmwD9K0jtbSRR~cgXPpUeLNlLUpHCiKvkh9d80fgOJtU7zbQTRPs4XlJD2R8ZawXZ3bJSzSeYf5u0YKTTiOEKF9uGwz9-LQPBxLKUgzm3JA__&Key-Pair-Id=KUT5TJCACFTXG","Castle Rock’s Town Council voted unanimously to approve the first amendment to the intergovernmental agreement with Douglas County that governs sewer collection and treatment along the Highway 85 corridor, including service to Sedalia.

The amendment passed as Resolution 2025-087 after a staff presentation that explained the county has dedicated $14 million of American Rescue Plan Act (ARPA) funds to the Sedalia sewer project but the town’s contractor’s 30% design estimate shows a possible gap. Town staff told council the project’s 30% estimate was roughly $4.84 million above the ARPA allocation and that the amendment offers a local option to avoid delay.

Why it matters: Town officials said the project would bring sewer to properties currently on septic systems, remove aging septic tanks near waterways, and enable planned commercial and residential development. The Plum Creek Water Reclamation Authority would be the plant receiving wastewater; Castle Rock Water would own and operate the new collection system after construction.

Key details discussed: Castle Rock staff proposed an option under which the town’s wastewater enterprise could provide up to $4,840,000 to cover a funding gap if one remains at final pricing. If the town provides that funding, the amendment would direct system development fees (SDFs) collected from the project to Castle Rock Water first to repay the loan. While repaying, an additional 25% surcharge on applicable SDFs tied to the loaned amount would apply; staff also proposed a 5% annual interest charge on any outstanding balance. Once repaid, the 25% surcharge would remain in place to fund further Sedalia sewer reinvestment per the amended terms.

Council members asked how the SDFs and potential assessments would affect small homeowners in Sedalia. Town staff and council said the amendment does not force property owners to connect; homeowners may remain on septic systems. Staff described potential options similar to prior town programs that can spread SDFs over time or otherwise reduce up-front costs for homeowners, and noted the county could use the SDFs that ultimately flow back to it to help offset connection costs for residents.

Douglas County has not yet acted on the revised terms. Town staff said the amendment provides Douglas County an option and that the amendment is intended to preserve momentum so the county can spend ARPA funds before federal deadlines and avoid delaying construction. Staff stated the town anticipates final guaranteed maximum price (GMP) proposals in September 2025 and that the town’s Castle Rock Water Commission had unanimously recommended approval of the amendment.

Outcome and next steps: Council approved the amendment unanimously. Town staff said they will continue design work toward 60% and 100% design milestones, continue easement acquisition, and coordinate with Douglas County on final project funding and schedule. The town emphasized the amendment is intended to protect the ARPA commitment and to provide an option — not an automatic expenditure — should a funding shortfall remain at final pricing.","The Castle Rock Town Council approved a first amendment to its intergovernmental agreement with Douglas County to extend sewer service to Sedalia. The amendment authorizes a town option to cover a potential $4.84 million funding gap and changes how system development fees would be applied during repayment.",{"_33":99,"_35":36,"_37":38,"_39":100,"_41":101,"_43":102,"_45":103,"_47":104,"_49":105,"_51":106,"_53":107,"_55":56,"_57":58,"_59":108,"_61":62,"_63":64,"_65":109,"_67":68,"_69":70,"_71":68,"_72":73,"_74":73},6701922,"Votes at a glance: Castle Rock council approves budget amendment, rezoning, conveyance postponement and routine consent items",1277,209000,1486000,"/Search/View?dp=1&key=5399320-7d21d515154c6cca8924d96dfedcdfad&start=209&end=1486","https://assets.pipeline.soar.com/5399320-7d21d515154c6cca8924d96dfedcdfad/thumbnail_209000.jpg","/articles/6701922/Castle-Rock/Douglas-County/Colorado/Votes-at-a-glance-Castle-Rock-council-approves-budget-amendment-rezoning-conveyance-postponement-and-routine-consent-items","https://secure.pipeline.soar.com/6701922-b4bd1d384fe32a286f10f9f7029d8c34/orig.mp4?Expires=1770447531&Signature=YTzlhUOZdbNpL6SX9AoSwgCJmiAE1354roXwqoj2GesSbNOBqEVVjuZG2wyniroFT8Ef78mPfsoRFsas-7cwE5ImeMVddpbgQXTIc66Mpj7dbXw7H7HoX3Ya4jpfGkx1JjDLkw4ebzanGFmvXiZ89jNbJEx3ELzcg93hLUWxAkSERsIJHdtR~xmZMQKfigFV0rCAFWf~RxY7WyTX9CccXAk3-AuUo5Sv4KndHmiku56X1xWLq7NtFFENACmJmF8hFJPF-89-wwN65XsLgitYspuVy8onN32YkMWdZSwtM73KuM51r1HNtz1Lf5A1YgUtqPhAmBSh7v74RCLqKqGNPw__&Key-Pair-Id=KUT5TJCACFTXG","The Castle Rock Town Council voted unanimously on a slate of ordinances, resolutions and motions at its July meeting. Key outcomes are listed below.

Votes at a glance

- Motion to schedule consideration of the conveyance of Lot 1, Block 2, Crystal Valley Ranch Filing 14 for the Sept. 2 council meeting: passed unanimously (mover: Councilmember Dietz; second: Councilmember Davis).

- Ordinance (first reading) approving rezoning of 810 North Wilcox Street (7-Eleven property) from a Q Petroleum PD to Business Commercial so the Downtown Overlay District (DOD) rules will apply: passed unanimously.

- Resolution 2025-081 through 2025-084 and minutes: Consent calendar items including a construction contract approval for traffic signal pole installation, sole-source purchase for a pump station renovation project, consent to dissolution of Lanterns Metropolitan District Nos. 4 and 5, an amendment related to Dawson Trails Boulevard management, adoption of fire and rescue strategic plan update, standards-of-cover adoption, and minutes for the July 1, 2025 council meeting: all approved unanimously.

- Ordinance approving the second amendment to the 2025 budget (supplemental appropriations): passed unanimously. Larger items in the amendment include rolling remaining 2024 bridge and pavement maintenance funds into 2025, additional appropriation for Crowfoot Valley widening (about $1.1 million to align budget with contract), movement of funds to cover sport development center bond accounting, and an appropriation of $6 million into the fire capital fund toward Station 156 financing.

- Motion to adjourn: passed unanimously.

Context: Councilmembers and staff emphasized these votes are largely routine or consequential to previously discussed items. The rezoning of 810 North Wilcox Street aligns that parcel’s zoning with surrounding downtown properties and allows the Downtown Overlay District’s architectural standards to be applied to future façade and site improvements. Staff said the budget amendment includes large accounting entries related to debt issuance for the sport development center and routine rollovers of prior-year capital funds.

Roll calls: The meeting recorded roll-call votes for all actions; unless noted, every listed vote was unanimous.","At its July meeting the Town Council approved a second amendment to the 2025 budget, rezoned a downtown property to business commercial, postponed a conveyance decision to Sept. 2, and approved the consent calendar including several contract resolutions and district dissolutions.",{"_33":111,"_35":36,"_37":38,"_39":112,"_41":113,"_43":114,"_45":115,"_47":116,"_49":117,"_51":118,"_53":119,"_55":56,"_57":58,"_59":120,"_61":62,"_63":64,"_65":121,"_67":68,"_69":70,"_71":68,"_72":73,"_74":73},6701928,"Council authorizes shelf ordinance for up to $56 million in water and sewer revenue bonds, caps interest at 4.75%",581,4264000,4845000,"/Search/View?dp=1&key=5399320-7d21d515154c6cca8924d96dfedcdfad&start=4264&end=4845","https://assets.pipeline.soar.com/5399320-7d21d515154c6cca8924d96dfedcdfad/thumbnail_4264000.jpg","/articles/6701928/Castle-Rock/Douglas-County/Colorado/Council-authorizes-shelf-ordinance-for-up-to-56-million-in-water-and-sewer-revenue-bonds-caps-interest-at-475","https://secure.pipeline.soar.com/6701928-1d0de5c08634e1d131ad4df938a8145c/orig.mp4?Expires=1770447531&Signature=c8Ztsdcgd8D3xrkJb22oAfEsaDkb3parlJeR9YK533T8hrpb2ugExoLxFD4gGfV7zavIUoQww1aCUDTvqlbyQgnLbVAuFt-RVztIvd9dQSA~USjhxAQyYjtzf1jcKMDMVCzC7ykB9xLK0kA0wbe7RXhCB0gbz2nThvqOQjB-LceY6Y3yL0ks3jU96-ldjaF6uKZkJ3C6kXneGOtwDcjdFJtE3Y96SbZUEjSdyQM-T2nPZQUX1b1d1JefB3dSwNS9hByREJuu8y6i0P4VtAg-Tr2mOfZDEkscaNPWBdGJTgag12l-r3bUy63frKKaTQlY5qVG2kJYAueSz9qVDJ0Jvw__&Key-Pair-Id=KUT5TJCACFTXG","The Town Council unanimously approved an ordinance establishing authority to issue and sell water and sewer enterprise revenue bonds up to $56 million, with an overall repayment cap not to exceed $95 million and a maximum interest rate of 4.75%.

Town staff said the ordinance is intended as a “shelf” authorization that allows the town to complete required ratings and documentation and to issue bonds quickly if market conditions improve. Staff noted the town’s rate and fees model previously assumed a 4.9% interest-rate assumption for planned issuances; this ordinance sets a lower not-to-exceed interest cap of 4.75% and would expire in August 2026 if unused. Staff said the town is seeking flexibility to time an issuance to reduce borrowing costs for utility customers.

What the bonds could fund: Presenters listed several large water-resource projects the town anticipates financing in coming years, including pipeline projects (Plum Creek to Reuter-Hess), storage purchases (Chatfield), potential WISE/desalination-related facilities, and other long-term water resources projects. Staff emphasized the town’s current debt ratios are favorable and that the ordinance is a preparatory step to be exercised only if market timing and needs align.

Outcome and next steps: Council approved the ordinance on first reading and directed staff to bring the item back for a second reading on the published schedule. Staff said that with a shelf ordinance and a completed rating-call process, the town could price bonds within about three weeks rather than months, giving it the ability to act quickly if market conditions improve.","Castle Rock approved an ordinance to authorize a shelf registration for water and sewer revenue bonds up to $56 million, with a total repayment cap of $95 million and a maximum interest rate set at 4.75%. The ordinance allows the town to delay actual bond pricing until market conditions are favorable through August 2026.","actionData","errors"]

Article not found

Castle Rock approves up to $900,000 assistance deal with outlets for restaurant pad infrastructure

Council hears Dawson Trails financing plan, approves eligibility for annexation of Dawson Trails parcels

Castle Rock council approves amendment to Sedalia sewer agreement; amendment includes option to cover potential county funding gap

Votes at a glance: Castle Rock council approves budget amendment, rezoning, conveyance postponement and routine consent items

Council authorizes shelf ordinance for up to $56 million in water and sewer revenue bonds, caps interest at 4.75%