During the Ouray County Board of County Commissioners work session on July 30, 2025, significant discussions centered around property valuation adjustments and the implications of the Cornerstone Development's decision to establish a metropolitan district.

A key outcome of the meeting was the adjustment of property values in the Cornerstone District. After thorough evaluations considering architectural style, depreciation, and neighborhood factors, the value of a specific home was recalibrated to $407.15 per square foot, down from the previously calculated $423. This adjustment reflects the high mill levy associated with the district, which is now under the control of the newly formed metropolitan district.

The establishment of this district allows Cornerstone Development to manage its own mill levy, a move that could have lasting impacts on property taxes and funding for local services. The mill levy, which is determined by the district, cannot be altered by the county, emphasizing the importance of this decision for both current and future residents.

As the county prepares for further discussions, the implications of these adjustments and the new district structure will be closely monitored, particularly regarding their effects on local property values and community funding. The next steps will involve continued dialogue with stakeholders to ensure transparency and understanding of these changes.