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Planning Commission <br />Staff Report <br />January 12, 2012 <br />residential units on 17.32 acres. The new development is named 'Steel Ranch South <br />PUD", formerly known as 'Takoda PUD Planning Area #4". <br />The original Takoda Village GDP was approved on June 3, 2008 by Ordinance No. 1536, <br />Series 2008; the Final Subdivision Plat and Final PUD for Takoda were approved by <br />Resolution No. 24, Series 2008. A 2010 amendment to the GDP allows for a density <br />transfer of 20 units from Planning Areas 2 and 3 to Planning Area 4. This density shift <br />results in a total of 198 units permitted in Planning Area #4. <br />As part of a GDP amendment in 2011, a 6 acre parcel was added to Planning Area #4. <br />This parcel was originally annexed into the City of Louisville in 1982 and was zoned an <br />Agricultural (A) District on the northem portion of the property and an Office (0) District <br />on the southern portion of the property. The GDP amendment to Planning Area #4 <br />rezoned the property to Planned Community Zone District — Commercial/Residential <br />(PCZD-C/R), including an additional 108 residential units. <br />This property is located within Opportunity Area #1 of the Framework Plan of the 2009 <br />Comprehensive Plan. The Framework Plan illustrates this property as Office district <br />along South Boulder Road and High -Density Neighborhood (15 — 30 du/acre) to the <br />northern rear of the parcel. <br />REQUEST: <br />The applicant is requesting a preliminary Plat and PUD to allow for the placement of <br />approximately 306 residential units within the 17 acre parcel. The development is <br />4 <br />