Discussions regarding a proposed Downtown redevelopment project and possible additional grants for local small businesses impacted by the COVID-19 pandemic top Town Council’s Sept. 1 meeting agenda
Several discussions, including the proposed redevelopment project The View at Castle Rock and possible additional grants for Castle Rock small businesses impacted by the COVID-19 pandemic, are topics on Town Council’s Sept. 1 meeting agenda. View the full agenda online.
Here is a more in-depth look at those topics:
- Discussion on proposed redevelopment project The View at Castle Rock – Town staff will seek direction on the proposed redevelopment project The View at Castle Rock. The project would be a public-private partnership among the Town, the Downtown Alliance and Sunflower Development Group.
The developer would redevelop the storage facilities at the northeast corner of Sixth and Jerry streets into a mixed-use site with 218 for-rent residential units, 14,500 square feet of office space and 5,000 square feet of retail space. The project would also include 429 parking spaces, of which 100 would be Town-owned.
If Town Council is favorable toward the proposal, a formal redevelopment agreement would be brought forward later for Council consideration.
- Discussion regarding an additional COVID-19 Small Business Support Grant Program – In April, Town Council authorized a COVID-19 Small Business Support Grant Program. The program provided grants of up to $5,000 for small businesses impacted by the COVID-19 pandemic. A total of $266,500 was allocated to 96 local businesses via the program.
While it was envisioned the grants would be a one-time-only offer, the pandemic and associated business interruptions continue to impact the community. Council will be asked to consider providing another round of grants to support small businesses.
If approved, grant criteria would be similar to the prior program. Grants would be provided to eligible businesses that could provide documentation of business interruptions – including revenue losses of at least $5,000 – between May 1 and Aug. 31, 2020, when compared to the same period in 2019. If approved, it’s anticipated applications would be accepted over a few weeks in September. Town funding of the grant program is anticipated to be reimbursed under the federal CARES act.
Also on the agenda, Town Council will discuss the possibility of rescheduling the canceled July 4 fireworks show to New Year’s Eve. The July 4 show was canceled due to high fire danger.
Additionally, Council will be asked to approve the first reading of the Proposed 2021 Budget. The $229.8 million budget was introduced at the Aug. 18 Council meeting. It includes $56.7 million in transportation investments, and water rights and infrastructure projects totaling more than $54 million. Numerous additional items – in parks and recreation, police and other departments – are included. Castle Rock Water rates are recommended to stay the same for 2021. System development fees paid by new development for water are recommended to increase 4.9%. Second and final reading is planned for Sept. 15. View details at CRgov.com/2021Budget
Council will also discuss whether the Town should accept entitlement status – and an associated $220,000 annually in federal funding – in the Community Development Block Grant Program. The program is focused on providing benefits to low- and moderate-income people.