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South Park | |||||||||||
Planning
work has begun for another new park in CPN.
Both of these parks are funded by CPNs Parks Authority. A small 2-acre park is being built in the Daniels Gate area; construction costs are being funded by the Daniels Gate developers. These parks, plus the existing 4-acre Retreat Park, will all be maintained by the CPN Metro District, and are open to all residents. (Some neighborhood HOAs also have private playgrounds that can be used only by their members.) Planning is beginning now on the new south park. Where will the new park be located? This park will be located in the area just east of CPNs homes - north of Castle Pines Parkway, between the Community Center and the Montessori School. The access road will be from the new intersection of the Parkway and the new LaGae Road (next to the King Soopers). See map. Whats
the name of the park? Do we
need to buy land? What will
be in the South Park? What about
the potential recreation center? How will
the park be paid for? From the inception of the Parks Authority through the end of 2002, developers fees have contributed more than $1.6 million to our parks fund. This represents about three-quarters of the Parks Authoritys funds, with Master HOA dues contributing about 20%, and the balance coming from fundraisers and interest income. These funds provided enough cash to build Coyote Ridge Park, with some money remaining to get a start on the new South Park, but additional funds are needed to complete it. At this point, we have already received most of the developer fees that are expected. HOA dues were kept at a low level during the time that the developer fees were covering the cash requirements, but now we will need to rely more heavily on Master HOA dues. There was discussion last Fall was that if CPN were to build a recreation center, the additional funds needed to complete the South Park could be included in the financing for the rec center. However, since there has not been a decision on the rec center, we must begin funding the park on a cash basis. Master Association HOA dues for the year 2002 are $216. This averages approximately $18 per month, with $12.60 of that being allocated to the Parks Authority. At this funding level, we could expect to accumulate the cash required to compete the South Park in 2005. If Master HOA dues had remained at last years level, the completion date would have stretched out until 2007. If there is a decision to move forward with the rec center, we can return to the idea of including the balance needed for the park in the financing package. Whats
the schedule for opening the park? How can
I participate? |
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Castle
Pines North Homeowners Association Telephone
and Fax: Address:
Contact the Castle Pines North Homeowners Association (CPNHOA) by e-mail. |
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