Canyons South. Annexation Impact Report. September 1, 2015

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Canyons South Annexation Impact Report September 1, 2015 1

Introduction This Annexation Impact Report has been prepared to meet the statutory requirements set forth in Colorado Revised Statutes 31 12 108.5 for the application for annexation of the property known as Canyons South into the Town of Castle Rock, Colorado. The information contained herein represents preliminary estimates and assessments regarding the anticipated impact of the proposed annexation. The information and representations are based on the best available information at the time of the preparation of this report. For purposes of clarification, the annexation area contains parcels owned by Canyons South, LLC, referred to herein as the Property, as well as parcels owned by Douglas County Board of County Commissioners, the Town of Castle Rock, and Crowfoot Valley Metropolitan District #1. As combined, these areas will be referred to herein as the Annexation Area. Property Owner Support for Annexation Colorado Statute requires the majority of the property owners of a proposed annexation area support the annexation and that the parcels of the supporters make up the majority of the Annexation Area. Canyons South, LLC, the majority property owner within the Annexation Area, Crowfoot Valley Metropolitan District #1, and Douglas County have signed petitions requesting the annexation of their respective property s into the Town of Castle Rock. General Location and Description a. Location The Annexation Area is located approximately 1.5 miles east of Interstate 25 and is generally bordered by Crowfoot Valley Road to the north, Founders Parkway to the west, the Terrain community to the south, and Castle Oaks Drive to the east. More specifically, the Annexation Area is located in Sections 17, 18, 19, 20, 30 and 31 of Township 7 South, Range 66 West of the 6 th Principal Meridian together with a part of Sections 24 and 25 of Township 7 South, Range 67 West of the 6 th Principal Meridian. The Annexation Area is bordered by the Town of Castle Rock to the south, east, and west. A portion of the northern property edge is bordered by The Town of Castle Rock with the remainder being Douglas County. 2

b. Project Site Description The Property s topography consists of distinct areas of plateaus separated by low lying drainages intermixed with gradual sloping meadows. Development is planned to occur in a clustered fashion in those areas most naturally suitable development, outside of the steeper slope and drainage areas. The majority of the site, approximately 619 acres of the total 1584 acres, will remain as open space. In addition to the 619 acres of open space that is included in the annexation area, CSLLC previously dedicated 448.5 acres to Douglas County for a regional park, which is not included in the land summaries contained herein. c. Annexation Land Summary Total Land Area: 1584 ac. Residential Planning Areas: 851.6 ac. (includes open space within PAs) Park Land: 37.9 ac Open Space Area: 619 ac (excluding the 448.5 acre regional park previously dedicated to Douglas County) School Sites: 39 ac Right of way: 37.1 ac Land Use and Zoning a. Existing The Property is undeveloped except for two small single family dwellings and out buildings used for agricultural purposes. The Property is currently zoned PD in Douglas County with approval for 968 single family residential units, two school sites, a 27 hole golf course and two community clubhouses. Of the existing entitlements, 425 single family lots, the 27 hole golf course, two community recreation center parcels, and two school sites have all been platted and recorded with Douglas County. Additionally, the two schools sites have been deeded to the Douglas County Board of County Commissioners on behalf of the School District. b. Proposed The proposed PD zoning and land use for the Property includes 1506 single family units, two school sites, two public parks to be owned, developed, and managed by the Town of Castle 3

Rock, a community recreation center, and both public and private open space. The proposed zoning and land dedications are in conformance with Section 17.32 of the Town of Castle Rock Town Code. Special Districts There currently are two existing Special Districts, Crowfoot Valley Metropolitan District 1 & 2, which have been created to finance and develop major project infrastructure. It is anticipated that the community s municipal services infrastructure will be funded and developed by one or more special districts. School District Impacts Two school sites have been deeded to Douglas County Board of County Commissioners for future school development. The Property is currently assessed by the Douglas County Assessor for tax dollars for the benefit of the Douglas County School District based on current zoning. The proposed annexation and ensuing zoning will increase the assessed value of the Property and therefore the tax dollars to the Douglas County School District. Municipal Services It is anticipated the Property s utilities will be funded and constructed by the Crowfoot Valley Metropolitan District. The design and construction of the municipal services, including streets, water, and storm drainage systems will be in accordance with Town of Castle Rock regulations unless as modified and approved by Town. These services and infrastructure will be serviced by the Town of Castle Rock Public Works Department. In most cases, there will be no impact on service as a result of the annexation. The following services should experience no or limited impacts from the annexation; streets, drainage, water, sewer, flood control, library, fire protection, transit, and utilities. For those areas in which an impact to service has been identified, a development agreement between the Town and Property, as part of zoning approval, will specify the commitments and obligations that are to be fulfilled 4

The Town currently has a commitment to provide potable water service under the existing zoning to the Annexation Area. With the annexation and proposed zoning, the Town will expand its commitment to provide potable water service for the Annexation Area. The Owner of the Property will meet water dedication requirements per Section 17.32 of the Town Code. Sanitary sewer service for the Annexation Area will be provided by the Denver Southeast Suburban Water and Sanitation District (dba the Pinery Water and Wastewater District). Design and construction of the sanitary sewer system will be in accordance with the Denver Southeast Suburban Water and Sanitation District guidelines. The sanitary sewer infrastructure will be owned and maintained by a special district. Sanitary sewer infrastructure for the Annexation Area will connect to the existing sanitary sewer infrastructure in the Pradera community to the northeast. The Annexation Area will be served by the Town of Castle Rock Fire Department and Police Department. The Town of Castle Rock Fire Department has a fire station directly adjacent to the annexation area. The Owners of the Property made a financial contribution in 2007 in the amount of $270,000 toward the construction of the fire station facility. The Annexation Area is immediately adjacent to the existing Town of Castle Rock boundaries and no appreciable impact due to the annexation is anticipated since the police force currently patrols the surrounding area. Existing Tax District for Canyons South Tax Authority Tax Rate (mils) Douglas County Government 18.774 Law Enforcement Authority 4.500 Developmental Disabilities 1.000 Douglas County Schools 48.277 Cedar Hill Cemetery District 0.187 Castle Rock Fire 8.750 Cherry Creek Basin Water 0.500 Douglas County Libraries 4.032 Crowfoot Valley Ranch Metropolitan District 70.000 (approved per existing Service Plan) TOTAL 156.02 5

SITE TOWN OF CASTLE ROCK V CANYONS SOUTH 10 JUNE 2015 1:2,000 SCALE 0 1,000 2,000 4,000 ANNEXATION CONTEXT

V 10 JUNE 2015 SCALE: 1 =1,000 0 500 1,000 2,000 CANYONS SOUTH PROJECT LOCATION