In accordance with CDC and Governor's recommendations, the Niwot Study Committee cancelled all pending community meetings as of March 13th. We look forward to future conversations about the best possible future for Niwot once it is safe again to meet. Stay healthy Niwot!

OPTIONS FOR NIWOT

NIWOT REMAINS UNDER BOULDER COUNTY RULE​

 

Boulder County continues to provide current services, support, and road maintenance. Future subdivision road repairs/reconstructions to be funded through HOA's, subdivision PIDs or county-wide tax increase.

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NIWOT SELF-RULES

(WITH GUIDING PRINCIPLES)

Niwot becomes an incorporated town. Through local sales taxes, property taxes and other revenue streams Niwot's local government provides local services and road maintenance and repairs/reconstruction.

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UPDATED JAN 29 2020

Issues that need to be addressed

 

  • Solve the roads problem: 75% of Niwot Roads rated poor/fair requiring $16m to correct

 

  • Improve business vitality: Underutilized vacant space and underdeveloped properties impacting foot traffic and Niwot's image. 

 

Objectives for Self-rule

 

  • Control of our own destiny: Niwot governed by local, accountable Niwot citizens.

 

  • Solve the roads problem: 75% of Niwot Roads rated poor/fair requiring $16m to correct

 

  • Improve economic vitality: Currently, underutilized vacant space and underdeveloped properties impacts foot traffic. With self-rule, Niwot's needs become a top priority, effecting vibrancy of the business district and home values.

How? At what cost?

Not a clear plan on how to address roads, however, there are facts that can be derived from recent history:

1. Property Taxes will increase by an unidentified amount with individual HOA solutions.

Burgundy Park HOA approved a 16.6 mill increase with 30% Boulder County incentive which is no longer available.

Thus, reasonable to assume future HOA solutions will require a much higher mill-levy increase since no Boulder County incentives will be available. (See CASE STUDIES below)

2. A Boulder County wide mill increase being discussed, however, no plan or timeline is in sight.

Implications

 

Business vitality will continue to be compromised because Niwot business investment risk is high due to Boulder County Commissioners uncertainty that has resulted from previous decisions.

  • Boulder County Land Use continued long response times (4 month wait to schedule pre application meeting) will handicap improvements that do come to Niwot.

 

  • Vacant space will continue because of lack of vibrant business district that increase business risk for future potential businesses.

How? At what cost?

 

Niwot Incorporates, electing a representative government of local residents. (See Potential Government Structure)

1. Sales tax increase to 8.845%, 2.86% increase within existing LID. (Comparable City of Boulder tax rate ranges from 8.845% to 8​.995%)

2. Increase Property Taxes by 7.5 mills (less than 10%), see CASE STUDIES below and Property Tax Implications.

3. Additional sources of revenue available to municipalities: Highway Users Tax, Road and Bridge funds, Cigarette tax, Specific Ownership Tax, and franchise taxes paid to public utilities serving Niwot residents, Federal, state and county grants that are only available to self-ruling municipalities.

For further details see Draft Budget.

Benefits Delivered

 

1. All roads improved to good condition within 6 years. (See Road Analysis)

2. Businesses: With the goal of a vibrant commercial district, Niwot's elected government can take steps to eliminate vacant commercial space, make Niwot a destination for shopping, dining and services, and promote Niwot as a desirable place to invest. (See FAQ: Why is an Incorporated Niwot good for Business?)

3. Local Elected Government responsive and accountable to needs of Niwot residents and businesses. See Potential Government Structure.

CASE STUDIES

Subdivision - (based on Burgundy Park recent property tax increase for road reconstruction)

  • For a house valued at $500k, property taxes could increase approx. $593/year or $49/month.

  • For a house valued at $1,000,000, property taxes could increase approx. $1,186/year or $99/month

 

Old Town Commercial and Residential

  • Boulder County continues road maintenance and reconstruction

  • Potential property tax increase for roads with County wide vote

 

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NIWOT REMAINS UNDER BOULDER COUNTY RULE​

CASE STUDIES 

 

Residential

  • For a house valued (actual) at $500k, property taxes will increase approx. $268.13/year or $22.34/month.

 

  • For a house valued (actual) at $1,000,000, property taxes will increase approx. $536.25/year or $44.69/month

Commercial

  • For a commercial property valued at $500k, property taxes will increase approx. $1,087.50/year or $90.63/month.

 

  • For a commercial property valued at $1,000,000, property taxes will increase approx. $2,175/year or $181.25/month

See Property Tax Implications in Resources for full breakdown

NIWOT SELF-RULES

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