With residents approving the Castle Pines North Metro District’s water inclusion plan in a special election in early May, the city now has until Jan. 3 to transition the community’s water and wastewater utilities to Parker Water & Sanitation.
Residents approved the measure with 2,709 voting yes, and 120 voting against it. The issue does not pertain to all Castle Pines residents. The inclusion question was posed to the estimated 12,000 residents living west of I-25.
In total, that equates to about 3,500 accounts that will be switched to the Parker Water system by the beginning of 2022.
While the proposal calls for lower water and sewer bills for residents, the metro district is now required to pay an up-front cash payment of $34 million to Parker Water for meter upgrades, infrastructure and the pipeline needed to connect users to the Parker Water system.
Prior to the election, Parker Water CFO Steve Hellman said this inclusion plan to have Parker Water help is something many growing communities go through. As developers build subdivisions, Hellman said, they find cheap water-utility options in order to meet minimum standards to build and move on. Water services were being provided through smaller water utility services that were established by developers that avoided connecting to already-established utility providers in the area, Hellman said.
Parker Water already provides utility services for Castle Pines residents living east of I-25.
Under the plan, Parker Water will not assume any debt or current liabilities of the metro district, which will be required to pay off debt liabilities before the partnership becomes effective.
Now that the issue of water has been sorted out, the metro district said in a notice to residents that it will spend the next eight months evaluating the community’s story drainage system.
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