To: Honorable Mayor and Members of Town Council
Through: David L. Corliss, Town Manager
From: Trish Muller CPA, Finance Director
Title
Resolution Approving the 2027-2031 Five-Year Capital Improvement Program for the Town of Castle Rock
Body
________________________________________________________________________________
Executive Summary
The Town’s Five-Year Capital Improvement Program (CIP) for the years 2027 to 2031 is hereby submitted for consideration/adoption (Exhibit 1).
The purpose of a Five-Year CIP is to comply with Charter requirements and to present planning for future capital improvement projects consistent with Town Council's established goals and priorities within projected available financial resources. The first year of the CIP, 2027, corresponds with the projects and department budgets included in the 2027 Budget. Future years, 2028 through 2031, show the state of current projections and are intended to be a planning tool and do not constitute actual financial or project commitments by the Town. A Five-Year CIP is required to be adopted by Council each year by Resolution concurrent with the process of adopting the annual budget.
This updated Five-Year CIP information is based on use of the current impact fees as adopted with the 2018 impact fee study, which include the incorporation of inflationary indices. In addition, proposed changes to Castle Rock Water’s System Development Fee revenue have been incorporated for CIP planning as presented by Castle Rock Water within their 2026 rate and fee study.
The Five-Year CIP is an important component of Town planning including the identification of and provision for potential future projects. All planning as shown in the Five-Year CIP is subject to both future Council approvals and availability of funds.
Discussion
While there are many projects occurring in 2027, the CIP has some significant items of note that merit Council’s attention due to their impacts on the 2027 Budget such as:
Ensuring Outstanding Public Safety
• $540,000 for Fire equipment including Hydraulic Extrication Tools
• $25,000 for replacement of police drones
Enhance our Roads
• $3,250,000 for Crystal Valley Parkway & West Loop Road Roundabout
• $1,525,000 for Intersection and Traffic Control Improvements
• $750,000 for Design of the 5th Street Widening project
• $410,000 for Traffic Safety and Traffic Signal programs
Secure our Water Future
• $27,500,000 for Plum Creek to Rueter-Hess Reservoir pipeline
• $13,036,949 for Plum Creek Water Purification facility and pipeline expansion
• $8,000,000 for Waterline Rehabilitation and Replacement
• $3,000,000 for McMurdo Gulch Stream Stabilization
• $2,162,770 for SCADA Systems Improvement
• $2,181,000 for Sedalia Lift Station
• $1,692,000 for Engineering Building Remodel
• $1,000,000 for Demonstration Garden
• $1,000,000 for South Well Field Pipeline Upsize
Maintain Strong Parks and Recreation
• $5,000,000 for Parks Improvements
• $1,100,000 for Cantril School exterior and grounds improvements
• $800,000 for Golf Cart replacement at Red Hawk Ridge
• $700,000 for Lost Canyon Open Space improvements
• $450,000 for Recreation Center sign and cardio equipment replacement
Other significant future projects currently included in the proposed Five-Year Capital Improvement Program in years 2027-2031 throughout the Town include:
Enhance our Roads
• $20,624,000 for the Wolfensberger Widening
• $15,250,000 for the 5th Street Widening
• $4,500,000 for a TBD project to address traffic congestion and safety
• $4,175,000 for Intersection Traffic Control Improvements
• $2,152,015 for Traffic Safety and Traffic Signal Programs
• $3,965,000 for Roundabout (location TBD)
Secure our Water Future
• $19,536,949 for Plum Creek Water Purification facility and pipeline expansion
• $14,976,620 for Security & SCADA System Improvements
• $14,500,000 for WISE Infrastructure
• $14,400,000 for Waterline Rehabilitation and Replacement
• $8,705,000 for Water Treatment Plant Upgrades
• $7,850,000 for Water Tank Storage Projects
• $6,475,000 for Water Supply Well Rehabilitation
• $6,361,640 for Chatfield Storage Reallocation
• $5,925,000 for Sewer Line Rehabilitation
• $5,000,000 for Upsize of Plum Creek Interceptor
• $3,270,511 for Sedalia Collection System improvements
• $2,824,001 for Storm Sewer Rehabilitation
• $2,700,000 for Stream Stabilization
• $1,900,000 for Alternative Source of Supply Projects
Maintain Strong Parks and Recreation
• $13,000,000 for Park Improvements
• $6,250,000 for Irrigation System Replacement at the Golf Course
• $5,200,000 for a Future Neighborhood Park
• $4,250,000 for Cantril School Building and Grounds Improvements
• $3,668,975 for Parks Security Cameras and Turf, Concrete, and Sports Courts replacement and repair
• $2,800,000 for Lost Canyon Open Space Improvements
• $2,200,000 for Cobblestone Macanta Open Space
• $1,554,000 for Recreation Center and Miller Activity Complex Improvements
• $2,680,000 for Golf Improvements including Course Restrooms and Golf Carts
Budget Impact
As shown in the 2027 Budget and 2027-2031 Five-Year Balanced Financial Plan.
Staff Recommendation
Staff recommends that Council approve the 2027 to 2031 Five-Year CIP as presented.
Proposed Motion
I move to approve Resolution No. 2026-__, A Resolution Approving the 2027 to 2031 Five-Year Capital Improvement Program.
Attachments
Attachment A: Resolution
Exhibit 1: 2027 to 2031 Five-Year Capital Improvement Program