Planning Commission Agenda and Packet 2012 03 22

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Planning Commission Meeting Minutes February 23, 2012 Page 9 of 12 Loftus stated the parking ratios are higher at the Louisville site. Projects designed without a transit option will have a higher parking ratio. He noted the project is on a bus route and is eight (8) blocks from downtown. Mike Mulhern stated they have completed two similar projects, with a mid-level apartment unit. He reminded the Commissioners these units will be a higher end unit designed for the eco-boomers with good jobs. Lipton asked how the roof-top mechanicals are being screened. Mulhern stated there is a four (4) foot parapet, so the 30” high units will be completely hidden. Lipton asked Russ if the apartments units could be converted to personal ownership. Russ stated there is a condo process for creating condo units, therefore they could be converted to condos that are personally owned. Lipton asked if the buildings were converted to three (3) stories on all the buildings, how many units would be lost. Loftus stated they would lose 32 units. Lipton inquired about the price point per unit size. Loftus stated the studios would be $1.60 to $1.65 per SF ($900 to $975) while a one- bedroom would be approximately $1,000 per month. Lipton asked if the cost included utilities. Loftus stated no. Lipton asked Russ to review the variance requests and the benefits to the City. Russ stated the benefits include: a public plaza; an eight (8) foot multi-path trail (currently 4’) which will serve as a bike lane; retention of specimen trees on South Boulder Road and the removal of the Russian Olive trees. Russell asked if Loftus is required to remove the trees. McMillan stated it is a requirement of the state because they are considered a nuisance tree. Brauneis asked who is maintaining the interior amenities of the site. Russ stated the homeowner association (HOA) will maintain the interior property of the site. Moline asked how do we answer the question “How long do we wait on redevelopment of a site”? Russ stated he did not have an answer the question. He reminded the commissioners they are charged with taking action on what is before them. Moline stated the property is zoned CC, which is not residential. He asked how does the proposal meet the comprehensive plan guidelines.