Frequently Asked Questions

Since the completion of the Public Works facility, the Town’s population has grown from less than 10,000 to over 17,000. The new Public Works building is being constructed based on a space needs analysis with data related to staffing and sustainability for the next 50 years. The space will be sufficient to store necessary equipment to bring outsourced services in-house for improved services to residents and offer multi-purpose space.

Our facilities planning aligns with the directives outlined in our Strategic Plan, which the Board has emphasized due to resident input. They have highlighted the need for facilities master planning and improvements in services like asphalt patching and snow control.

Strategic Plan 4.1 Complete work on a short-term and long-term Master Plan taking into account the growth needs of the Town.

1. Enhance Town Infrastructure
2. Leveling up Services (snow, pothole maintenance) - bring inhouse - req’s storage equipment (We’ve heard you)
3. New Parks and Open Space Dept.

Q3: What was the process for evaluating sites for the new Public Works facility?

A3: The Town hired the firm Stantec to evaluate and analyze six other sites across town on a 40-50 data points of criteria which fell in the categories of:

Functional: size/shape, site access, traffic & site circulation, connectivity, environmental

Land Use / Community: zoning, policy and community support, safety, land use & urban design

Implementation: land acquisition/displacement, site preparation, cost

We will not have a total cost estimate until the final phase of design. However, as stewards of public resources the Town will consider phasing opportunities of building to complete the project as a 50-year building.

Certificates of Participation (COP's)

• Certificates of Participation (COPs) are a form of lease-purchase financing and are one of the most common financing methods used by Colorado local governments to construct capital improvements.
• In a COP transaction, the issuer leases the identified property to a trustee pursuant to a site lease and then leases the property back from the trustee pursuant to a lease purchase agreement (lease). Lease payments are subject to annual appropriation by the governing board of the issuer from any legally available funds and such payments are used to pay debt service on the COPs.
• The issuer renews the lease annually by appropriating sufficient funds to make the next year’s lease payments as part of its annual budget process.  If payment is not appropriated for the coming year, the issuer loses its right to occupy and utilize the leased facility until the end of the site lease; however, the issuer would continue to own the leased property.
• When the lease is paid off, the issuer has purchased the trustee’s leasehold interest in the leased property, which is no longer encumbered by the lease.  
• COPs and other annually-appropriated lease financings are not considered to be multi-year financial obligations under Colorado law.

We will continue to provide updates as we make further progress on this project. Residents can reach out to us with any questions or concerns they may have.