BOARD OF DIRECTORS:
Jason Gray, Chair
Desiree LaFleur, Vice Chair
Ryan Hollingshead
Laura Cavey
Town of Castle Rock Festival Park Commons
General Improvement District
Meeting Minutes - Final
Kevin Bracken
Max Brooks
Tim Dietz
Tuesday, October 17, 2023
Town Hall Council Chambers
100 N. Wilcox Street
Castle Rock, CO 80104
This meeting is open to the public. Three or more Council members may also attend
this meeting, during which the items listed herein will be discussed. If you are unable
to access any portion of these materials due to a disability as defined under Colorado
House Bill 21-1110, please call us at 303-663-4440, email the Town’s accessibility team
at accessibility@CRgov.com or submit an accommodation request form at
CALL TO ORDER / ROLL CALL
Chairman Gray called the meeting to order at 7:30 pm.
7 - Chair Jason Gray, Vice Chair Desiree LaFleur, Boardmember Ryan Hollingshead,
Boardmember Laura Cavey, Boardmember Kevin Bracken, Boardmember Max Brooks,
and Boardmember Tim Dietz
Present
ACTION ITEMS
Minutes: Approval of the September 20, 2022 Minutes
Moved by Boardmember Cavey, seconded by Boardmember Hollingshead, to
Approve FPC GID Minutes FPC MIN 2023-001 as presented. The motion passed by a
vote of:
7 - Chair Gray, Vice Chair LaFleur, Boardmember Hollingshead, Boardmember Cavey,
Boardmember Bracken, Boardmember Brooks, and Boardmember Dietz
Yes:
Resolution Adopting the 2024 Fiscal Year Budget for the Town of Castle
Rock Festival Park Commons General Improvement District
Pete Managers, Assistant Director - Budget & Revenue, preented the item stating
they currently have a 45 mill levy used to pay back bonds for the public parking in
the garage.
Boardmember Dietz asked who pays the 45 mills. Mangers stated it is paid by
the business property owners and residents inthe Encore building.
David Corliss ,Tow Manager, explained that when the redevelopment was
discussed, the Town agreed to put in land and a revenue sharing program for
property and sales tax, but required the development generate revenue to pay for
the 308 public parking spaces to avoid taking money from the Town general fund
or transportation fund. Revenue to pay this is from a portion of the property tax, a
portion of the sales tax revenue, a PIF public improvement fee, and the general
improvement district property tax. The Town pays the HOA dues for the public
parking spaces to help maintain the parking garage.