The Castle Pines North Metropolitan District, established in 1984, is a quasi-municipal (or semi-city) corporation. It:

• provides water, sewer, and storm drainage services for the Castle Pines North community. (see Services on this page)
• maintains many of our parks and open spaces and common grounds. It particitpates, along with the CPN Parks Authority, on new parks and open space. (see Parks, Trails and Open Spaces)

Metro District Financing
The Metro District is supported by property taxes and by fees paid by users of the District's services, including Tap Fees for new connections to the water and sewer system.

Due to improving financial circumstances, The Metro District Board was able this year to reduce the debt service mill levy for 2002 from 46 mills to 30 mills. The Operations and Maintenance mill levy stayed the same at 18 mills.

What does this mean for you as a homeowner? An illustration of your tax savings follows, using "Home A" as an example:

Home A is worth $300,000 and has a taxable value of $28,200. (Value x 9.4%-an amount set by the state).

The old mill levy of 64 mills would tax that at 6.4%. (28,200 x .064) Home A's owner last year paid $1805.00 in taxes.

Under the new levy, the taxable value of $28,200 would be taxed at only 4.8% (30 mills plus 18 mills= 48 mills) - 28,200 X 4.8% = $1353.00 The difference between paid taxes last year and the new levy is a tax savings of $452.00.

Bonds
The District has the financial responsibility to pay off the Bonds that were sold to finance the water, sewer, and storm drainage facilities to CPN. On November, 1999 the District completed refinancing of the CPN District's Bonds, lowering the bond's interest rate from 8.55% to a variable rate (currently 5.6%).

Meetings
The Metro District typically meets on the third Monday of each month at 7:00 p.m., at the CPN Community Center. Dates and times have varied. Please confirm the meeting time with the District Manager.

President
Frank Cristiano

Vice President
John Ewing

Treasurer
Cheryl McDade

Director
Tom Weldon

Director
Galen Crowder

Phone: 303-688-8550
Fax: 303-688-2529

Reach by Email

Office:
CPN Community Center
7404 Yorkshire Drive
Castle Rock, Colorado 80104

Castle Pines North Homeowners Association
Copyright © 1999-2003 Castle Pines North Homeowners Association
All rights reserved.

Telephone and Fax:
303-482-3078

Address:
CPN Association, Inc.
7402 Yorkshire Drive
Castle Rock, Colorado 80104

Contact the Castle Pines North Homeowners Association (CPNHOA) by e-mail.