Planning Commission Agenda and Packet 2012 04 12

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Planning Commission Meeting Minutes March 8, 2012 Page 6of 16 Russell asked if the revisions(modifications) to theplan merit a revised application. Russ stated staff does not believe it requires a revised application because it does not change or modify the plat. The revisions create less impact. Russell asked if a mixed used zoning has to have a mixed use. Russ stated it needs to have at least two uses. Tengler asked if the sidewalk is 8’ between Centennial and Jefferson. Russ confirmed it is. Tengler asked if the applicant actually added more parking spaces or did they make them smaller which enabled the number to increase. Mulhern stated when the level of the parking structure was lowered it enabled additional spaces below grade. Tengler asked what would be cost savings per unit by reducing the height. Mulhern stated the cost per unit actually goes up because the change in height does not affect the overall cost of the building cost. Tengler asked what would be the length of time for demo and construction completion. st Mulhern stated the 1unitswould be completed in 1 year andabout 16 months for complete buildout. He added to build the 127 units the design would change to a 2-3 story walkup. The current project proposal is for high luxury lofts. Tengler asked is anyone knewthe current apartment vacancy rate in Boulder County. Loftus stated it is lowest it has been since 2001 at 5%. Lipton stated his questions have been answered. Moline asked which is more expensive to build for parking structures: above grade or below grade. Loftus stated the subterranean cost is more expensive. Moline asked for a clarification of the PUD variance requests and what are the benefits of the public places and how do we measure that benefit. Russ stated the current land is not being used so one of benefits is that it puts the land back into use. A public benefit will bethe addition of apublic plaza. Moline asked if part of what the commission is talking about is urban assets in area that isn’t urban. Russ stated that as properties/buildings age the owners will want to redevelop and transition will go from suburban to urban. Moline asked why does staff believe the traffic study works. Russ stated that from SRU criteria we look at additional impacts, we compare it to existing land use andconsider the level of service and how it will change or not change with a project.