Board of Trustees Action Items
Wednesday, August 28, 2024

Board of Trustees Schedule Update & Retreat Information

The Board of Trustees meeting scheduled for Wednesday, September 11, 2024, has been canceled. Instead, the Board of Trustees and Senior Staff members will meet off-site on September 11 and September 12 for an annual Board of Trustees Retreat. The retreat agenda will be posted here.

For the past several years, the Board and staff have gathered off-site for two days to have in-depth conversations about projects and initiatives that can’t typically be covered during regular Board of Trustee Meetings or Work Sessions. These retreats allow Town Staff and consultants to share and collaborate with members of the Board of Trustees and work together to create, brainstorm, and share ideas about Firestone's vision. 

Service Plan for The Coal Ridge Metropolitan District

After a public hearing during Wednesday night’s meeting, the Board of Trustees approved a resolution approving the Service Plan for Coal Ridge Metropolitan District.

The District encompasses approximately 28 acres of land within the proposed Hamilton Heights subdivision, located on the north side of Grant Avenue, west of Frontier Street. The property was annexed and zoned R-1 in 1976 as part of the Zadel Annexation. It has been rezoned twice since then, first in 1997 to the Horton PUD, then again on January 24, 2024, to R-A. A Preliminary Plat was submitted on May 9, 2024, and is currently in its second round of review.

 The following are the primary terms of the Service Plan:

1. The District is approximately 28 acres in area and is located on the north side of Grant Avenue, west of Frontier Street.
2. Maximum Debt Mill Levy: 50 mills subject to the Mill Levy Adjustment (55 mills with Regional Improvements)
3. Maximum Debt Mill Levy Imposition Term: 40 years from initial debt issuance.
4. Maximum Operation and Maintenance Mill Levy: 65 mills until initial debt issuance, then 10 mills after debt issuance subject to the Mill Levy Adjustment.
5. Regional Improvements: 5 Mills
6. Town Mill Levy: 3 mills are collected yearly.
7. Town Mill Levy Imposition Term: 40 years.
8. Estimated Public Improvement Costs: $10,459,360.
9. Total Debt Limit: $16,000,000

Approval of the Service Plan for the Districts does not constitute the Town's approval of any future development or zoning applications for the subject property.  

Additional Information

View the complete August 28, 2024, Board of Trustees meeting packet and recording of the meeting here.
 
Board of Trustees Action Items are brief summaries of some, but not all, agenda items and do not serve as the official meeting minutes. To request approved meeting minutes of Board of Trustees meetings, please contact the Town Clerk's Office at townclerk@firestoneco.gov.