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SVVSD SETTLES ON A $17.3 MILLION MILL LEVY OVERRIDE FOR BALLOT
The St. Vrain Valley School District unanimously voted to put a permanent $17.3 million mill levy override before voters on the November ballot. If approved, owners of a $250,000 home will pay an additional $182 in property taxes each year and owners of an equally valued nonresidential property will pay an additional $662 in property taxes each year. The revenue increase would mean the district would receive and additional $826 per student per year. $11.6 million of the revenue would be used to operate new schools in the district, reduce student teacher ratios, provide increase pay to teachers, and provide additional instructional support. If passed, the tax increase will be assessed for 2005 and collected in 2006. Last November, voters rejected a $15.47 million proposal.
BVSD WILL ASK VOTER TO EXTEND TERM LIMITS AND INCREASE TAXES
The Boulder Valley School District voted unanimously to place two questions before voters this November. One will seek to extend the term limits of elected school board members and the other will ask for a permanent mill levy override increasing property taxes by $7.3 million annually. The first question will ask voters to extend the terms of elected school board members from two four-year terms to three four-year terms. The second question is a mill levy override that will cover $4.2 million in annual transportation costs not now covered buy state funding, $2.3 million annually to lease computers and institute a four year computer replacement cycle, with the remaining funds to be used for “other needs deemed critical.” The cost to the owner of a $300,000 would be around $25 per year.
FREDERICK APPROVES WYNDHAM HILL; INVITES COMMERCIAL GROWTH
The Frederick Board of Trustees unanimously approved final plans for the 691-acre Wyndham Hill development at the northwest corner of Colo. 52 and I-25 on August 11, 2005. The project will bring 1300 homes and as much as $800,000 square feet of commercial space to the town. A proposed condition of approval requiring alley-loaded garages on residential units was removed. Instead, town leaders are looking to the developer, the Community Development Group, to maximize the commercial aspects of the project. Town Trustees have recently approved two other projects, Miner’s Park Town Center and Carriage Hills, in an effort to boost commercial growth and tax revenue. Between the three projects, more than 1.16 million new square feet of commercial development will be built; depending on potential tenant interest.
DACONO RELYING ON SPECIAL TAXING DISTRICTS TO FUND GROWTH
On August 22, 2005 the Dacono Council approved three new special taxing districts to help fund roads and infrastructure for sewer and water treatment to support new developments. The three multi-million dollar tax districts are located south of Colo. 52 straddling WCR 13. One is Dacono Estates west of WCR 13, and two others are in Bridle Creek east of WCR 13. Multi-family, single family and commercial developments are planned. Once the new districts are formed, Dacono will have a total of 9 that are funding developments. Another at legacy Park is being proposed and may be voted on in September.
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