Residents of the Castle Pines North Metropolitan District voted down a ballot measure May 8 that would have authorized the metro district to take on $49 million in debt, with a repayment cost of $103 …
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Residents of the Castle Pines North Metropolitan District voted down a ballot measure May 8 that would have authorized the metro district to take on $49 million in debt, with a repayment cost of $103 million, aimed at funding its renewable-water plan.
The special district established in 1984 provides water, wastewater and stormwater services and oversees 352 acres of open space. The district serves more than 3,200 residential and business customers, according to the CPNMD website.
The debt was intended to financially support the district's renewable water plan. Previous board of directors have set a goal of achieving 50 percent renewable water and in February directors approved asking voters for the $49 million.
Unofficial results available May 8 showed 2,434 votes of no and 1,017 votes of yes on the issue.
The district would have used the money to participate in the expansion of a water treatment plant at Centennial Water and Sanitation District in Highlands Ranch and support constructing storage facilities to capture agriculture water rights the district owns.
The debt would have been paid for in part through property taxes by raising the district's mill levy to an annual maximum of 11.45 mills.
Voters also elected four new board directors May 8, said District Manager Jim Nikkel, so it's unclear what the plan will be moving forward until the new directors are able to address the renewable-water plan.
“Our long-term goal was to get to 50 percent renewable,” Nikkel said. “I don't know what the plan is today.”
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