In the Region

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In the Region

SVVSD WILL ASK VOTERS TO APPROVE A $17.1 MILLION MILL-LEVY OVERRIDE
The St. Vrain Valley Board of Education will ask voters to approve a $17.1 million annual mill-levy override in November. The override will provide the school district with funds needed to open new schools, support timely purchase of new textbooks, decrease student/teacher ratios, reduce K-3 class sizes, provide instructional support in literacy, math and summer school, and improve employee compensation. The property tax increase will cost residential property owners approximately $182 per year on a $250,000 home and nonresidential property owners approximately $662 per year on property valued at $250,000. The Boulder Valley School District is considering a similar, yet much smaller ($4.2 million annually), transportation mill-levy override for November’s ballot. The BVSD Board will vote on the proposal in August.

LOVELAND’S CENTERRA DEVELOPMENT INCLUDES 5,700 HOMES
Loveland’s Centerra development will include 5,700 Homes. Although the new Centerra mall, which will be known as “Shops at Centerra,” has received a lot of publicity lately, there has not been nearly as much press concerning the area’s residential development, which is substantial. The Tribune reports that McWhinney Enterprises also plans for a total of about 5,700 homes at build-out of the 3,000 acre Centerra parcel at I-25 and U.S. 34. With High Plains Village close to completion, the McWhinneys’ next residential project will be located two miles west of I-25 and will include 1,300 units; a combination of single-family, townhomes and condominiums. McWhinney also intends to develop another residential area east of I-25 between the mall and Larimer County Road 3.

WELD COUNTY APPROVES BUSINESS PARK ADJACENT TO MEAD
Mead officials are concerned about a commercial/business park planned in unincorporated Weld County just outside the town’s borders. The business park would be located on the southeast corner of Colorado Highway 66 and I-25. According to the Times-Call, the developer chose to apply to Weld County because the County Commissioners have a “better relationship” with the Colorado Department of Transportation. He says that’s important because he plans to begin construction on a gas station which will be located on the corner of the east frontage road, which would be affected by CDOT’s plans to improve I-25 in the future. The business park will also include other retail establishments such as hotels, restaurants and banks. The County has already given approval for the parcel’s rezoning and is currently reviewing the site plans, with approval expected in two months.

DEVELOPMENT WILL SECURE FREDERICK’S FOOTHOLD WEST OF I-25
1600 homes and 135-acres of commercial development are slated to anchor Frederick’s border west of I-25. Developers of Wyndham Hill, located on 691-acres at the north west corner of I-25 and Colo. 52, expect preliminary approval for the project and have final plat approval for the first phase of residential construction on the site in early August. Wyndham Hill will be Frederick’s largest residential community.