Earlier this summer, Town Council earmarked $5 million toward economic development to help lure new businesses and job opportunities to Town. Now, in …
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Earlier this summer, Town Council earmarked $5 million toward
economic development to help lure new businesses and job
opportunities to Town. Now, in a continued effort to enhance local
economic development efforts, Council is considering lower
development fees, and will guarantee faster tenant
Beginning Sept. 1, the Town will guarantee having building plans
approved and permits ready for pick up within 10 business days -
or, the permit is free.
"We're confident in our tenant improvement program," said
Development Services Director Bill Detweiler. "In fact, we believe
our program's the best in the state. To prove that, we decided to
back up our work and offer to have tenant improvement permits done
in 10 days - or, they're free."
The offer was generated through the Castle Rock Economic
Partnership, a consortium which includes members from the Economic
Development Council, Castle Rock Chamber, the Town, and others
involved in local real estate and development.
The 10 days allows for submittal and review of applications, and
coordination of any issues, prior to issuing the building permit.
It does not account for the time the applicant or architect takes
to respond to the Town's comments. The offer is for tenant
improvements to projects of 8,000 square feet or less. Over the
past three years, 95 percent of the permits issued by the Town are
for tenant improvements of that size.
Also in September, Town Council will consider a proposal by
staff to lower development fees. Council first will consider the
new fee structure Sept. 6 and may approve new rates on Sept. 13.
The new fee schedule could be immediately enacted on Sept. 13, if
Council so decides.
Town staff has been working for more than a year to evaluate
ways to improve development fees, which include fees on new
construction. Staff has worked with two consulting firms to perform
the comprehensive fee study and also took input from stakeholders
like the Economic Development Council, the Home Builders
Association, Town Council, Planning Commission, and numerous
developers and builders.
"We've listened to our development community," said Detweiler.
"Castle Rock's fees have been higher than those throughout the
Denver Metro region. The new fees that we're proposing bring us
more in line with competing communities."
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