Have questions? Need answers?
Share questions, ideas, comments or opinions with The Connection. E-mail questions to Contact by email.
When will Castle Pines Village vote on their incorporation? What happens if the Village votes “yes” on their incorporation and how will that impact CPN?
As part of the Revenue Sharing and Settlement Agreement signed between Castle Pines North (CPN) and Castle Pines Village (VILLAGE) in July, the VILLAGE agreed to re-file their petition to incorporate and remove the 65-area businesses along Castle Pines Parkway from their boundary map.
Rather than re-filing the map in Douglas County District Court quickly, the VILLAGE waited for CPN to vote in November. Now that CPN residents have voted to become a city, the business district remains within the boundaries of CPN. And, CPN was able to set our own sales tax at 2.75 percent.
It is expected that the VILLAGE will vote on incorporation of their community in February, 2008. If the VILLAGE votes “yes” on incorporation, CPN will share 20 percent of the sales tax revenues from the local business district along Castle Pines Parkway with their community for five years. Beginning with the sixth year, the VILLAGE will receive 25 percent of the sales tax revenues. (Sales tax revenues from Lagae Ranch or CC-20 are not included in this agreement and are not included in this agreement.)
If the VILLAGE votes “no” on incorporation, the business district and all of the sales tax revenue remains in CPN.