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Louisville City Council Meeting <br />June 20, 2000 <br />Page 7. <br /> <br />appraisal must reflect the "most recent appraised value," and that the required appraisal <br />considers the value of all existing subdivision improvements. <br /> <br />Johnstone reviewed the proposed yard & bulk regulations, and stated that it is the City <br />Attorney's opinion that the R-L standards should apply to the new PUD application. The <br />applicant has minimized the amount of setback, which varies from the RL Zoning. Staff <br />recommends that the setback for Lots 2 and 3 be modified in conformance with the R-L <br />standards. Johnstone noted that the Planning Commission unanimously recommended <br />approval of the PUD amendment and minor replat on March 14, 2000, with 10 <br />conditions. <br /> <br />Davidson called for Applicant presentation. <br /> <br />Mr. Phil Geil, Attorney for Bella Vista LLC, 1790 30th Street, Boulder, stated that he did <br />not have anything more to add other than to express his objection to the land dedication <br />based on a 2000 appraisal. He requested that the 1996 appraisal be used to calculate the <br />12% cash-in-lieu of land dedication. He also opposed the R-L zoning and requested <br />exceptions to the district requirement. <br /> <br />Howard asked the applicant if he was requesting a replat. <br /> <br />Geil stated that the property was purchased in 1996 and that the applicant asked for a <br />replat of Lot 3. <br /> <br />Howard asked Mr. Geil if his two objections were the 2000 appraisal versus the 1996 <br />appraisal for the cash in-lieu land dedication, and the RL zoning and its required <br />setbacks. <br /> <br />Geil stated that those were his two objections, that he based the appraisal on the <br />subdivision agreement, and that the setback exceptions were only asked for on Lots 2 and <br />3. <br /> <br />Howard asked the City Attorney for a legal opinion. <br /> <br />Sam Light, City Attorney stated that the subdivision is no longer subject to the general <br />ordinance on how cash in-lieu is determined because there is an agreement in place from <br />1996. He reviewed the agreement which states that the cash in-lieu payment will be <br />made by paying in cash to the City an amount equal to 12 percent of the most recent <br />appraised value of the land to be subdivided. Light stated that the difference of opinion is <br />that the applicant, based on discussions in 1996, believes that phrase means current value <br />as existed in 1996. The minutes from the 1996 meeting use the phrase "current value." <br /> <br /> <br />