In addition to serving as Town Council, the Mayor and Councilmembers also represent the public’s interests by serving as the board for two other public bodies – the Castle Rock Urban Renewal Authority, and the Town of Castle Rock Festival Park Commons General Improvement District. Learn more about those entities and their meetings on this page.
The State authorizes municipalities to form urban renewal authorities to help bridge financial gaps in development and redevelopment projects. URAs can undertake public improvements, land assembly, demolition of buildings and disposition of property – among other roles – in specific areas that have met certain criteria.
Town of Castle Rock Festival Park Commons General Improvement District
Town Council serves as the Board of Directors of the Town of Castle Rock Festival Park Commons General Improvement District, which was formed in August 2018 and currently consists of three commercial lots south of Town Hall.
The State authorizes municipalities to form general improvement districts for the purpose of financing public improvements. Such districts can levy property taxes and incur debt, typically in the form of bond issues. In this case, the district has been formed in order to finance the construction of 308 public parking spaces and other public improvements that is part of the Encore project.