To: Honorable Mayor and Members of Town Council
Through: David L. Corliss, Town Manager
From: Trish Muller CPA, Finance Director
Title
Resolution Approving the 2025-2029 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 2025 to 2029 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, 2025, corresponds with the projects and department budgets included in the 2025 Budget. Future years, 2026 through 2029, show the state of current thinking 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 2024 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 2025, the CIP has some significant items of note that merit Council’s attention due to their impacts on the 2025 Budget such as:
Enhance our Roads
• $12,000,000 for 5th Street Widening
• $1,705,000 for Traffic Signal Improvements
Secure our Water Future
• $51,823,254 for Plum Creek Water Purification Facility Expansion
• $15,000,000 for Platte Valley Alternative Source Supply
• $8,208,836 for WISE Infrastructure
• $6,000,000 for SCADA Systems Improvement
• $5,850,000 for Plum Creek Pipeline to Purification Facility
• $5,460,000 for Young American Rehab
• $1,320,000 for Sellars Gulch Stabilization
Maintain Strong Parks and Recreation
• $7,200,000 for Annual Trail Improvements
• $1,500,000 for Current Parks improvements
• $400,000 for Golf Pump Station replacements
• $250,000 for Cantril Improvements
• $200,000 for Recreation Pool Filters
Other significant future projects currently included in the proposed Five-Year Capital Improvement Program in years 2025-2029 throughout the Town include:
Enhance our Roads
• $27,000,000 from 2025-2029 for the 5th Street Widening
• $4,351,888 from 2025-2029 for Traffic Signal Program
• $3,650,000 from 2025-2029 for Roundabout
• $1,624,000 from 2025-2029 for the Wolfensberger Widening
Secure our Water Future
• $63,973,254 from 2025-2029 for Plum Creek Water Purification Facility Expansion
• $49,967,440 from 2025-2029 for WISE Infrastructure
• $32,300,000 from 2025-2029 for Sewer Line Rehab
• $17,500,000 from 2025-2029 for Platte Valley Alternative Source Supply
• $15,512,000 from 2025-2029 for Waterline Rehab and Replacement
• $10,371,023 from 2025-2029 for Stream Stabilization
• $9,571,000 from 2025-2029 for Security & SCADA System Improvements
• $6,500,000 from 2025-2029 for Plum Creek Diversion
• $5,605,000 from 2025-2029 for Water Treatment Plant Upgrades
• $5,600,000 from 2025-2029 for Water Tank Storage
• $4,990,380 from 2025-2029 for Chatfield Storage Reallocation
• $3,950,000 from 2025-2029 for Pump & Distribution System Upgrades
• $3,649,966 from 2025-2029 for Storm Sewer Rehabilitation
Maintain Strong Parks and Recreation
• $7,200,000 from 2025-2029 for Annual Trail improvements
• $5,400,000 from 2025-2029 for Irrigation System Replacement
• $2,090,000 from 2025-2029 for Recreation Center and Miller Activity Complex Improvements
• $1,797,912 from 2025-2029 for Golf Improvements including Equipment and Golf Carts
• $1,250,000 from 2025-2029 for Cantril Improvements
Budget Impact
As shown in the 2025 Budget and 2025-2029 Five-Year Balanced Financial Plan.
Staff Recommendation
Staff recommends that Council approve the 2025 to 2029 Five-Year CIP as presented.
Proposed Motion
I move to approve Resolution No. 2024-__, A Resolution Approving the 2025 to 2029 Five-Year Capital Improvement Program.
Attachments
Attachment A: Resolution
Exhibit 1: 2025 to 2029 Five-Year Capital Improvement Program