Castle Rock approved its 2013 service contracts with a commitment to provide about $600,000 in funding for local service organizations.
The contracts help finance outreaches for local events, economic development and historic preservation efforts and mortgage assistance programs, among other services, throughout Castle Rock.
The service contracts approved include a contract for $99,720 to the Castle Rock Chamber of Commerce to help finance business support services and community marketing, according to the Town of Castle Rock Dec. 11 staff report detailing the contracts.
The chamber originally asked for $104,720 at town council's Oct. 9 meeting but lowered its request before the budget was finalized, said Kristin Accola, Castle Rock management analyst.
The service contract helps support chamber functions such as Artfest, the Douglas County Fair parade and Starlighting.
The Castle Rock economic development council received $160,550 to help attract new businesses, grow Castle Rock's existing businesses, create a business- and industry-friendly environment and provide counseling to the town on economic development agreements.
Business attraction creates new jobs, which adds rooftops and retailers and helps increase the town's tax revenues, according to Accola's staff report.
The investment represents about 25 percent of the council's projected 2013 revenue, which includes $155,000 in private investments and $156,200 in reimbursements for services from the downtown development authority and the downtown merchants association, according to the staff report.
The Castle Rock Historical Society received its request for $46,000 to help operate the Castle Rock Historical Museum, promote heritage tourism and provide continued education about local history.
The service contract comprises the majority of the historical society's projected 2013 funding of $58,700, Accola reported.
The Castle Rock senior center will receive $97,000 to provide shuttle services and social activities for area seniors.
The downtown merchants association will receive $23,500 to help finance downtown events such as Starlight Summer Movies, the Classic Rock Cruise In car show, Fido Fest and Oktoberfest.
The downtown development authority gained approval of $121,791, the amount projected for its annual mill levy.
The bulk of the service contracts are funded through the town's general fund, while the amount distributed to the historical society and $65,000 of the money directed to the senior center will be distributed from the Philip S. Miller Trust Fund, which was established to provide financial support for sense-of-community projects and services, Accola says.
Remaining contracts include $35,000 to the Douglas County Housing Partnership, which provides foreclosure counseling and mortgage assistance for first-time homebuyers; and $19,800 to the Douglas County Youth Initiative.