City Council Agenda and Packet 2012 12 04

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City Council Meeting Minutes November 20, 2012 Page 11 of 15 Of the four options staff believes that Option #2 most fairly represents the portion of the site "used for residential purposes" because it excludes the retail structures, which are clearly not residential —and includes the infrastructure, plazas, parking, stormwater, and vehicle access and circulation, all of which support the residential uses of the project. Waiver Request and PUD Assessment - Section 17.28.110 of the LMC permits waivers of established design standards and guidelines as part of the PUD process. The City Council can approve waivers or modifications of established design standards and guidelines if the spirit and intent of the development plan criteria are met. Pedestrian Improvements on South Boulder Road and Centennial Drive - The existing four foot wide sidewalk on South Boulder Road would be replaced with an eight foot wide multi -use path. This pathway will accommodate bicycle and pedestrian traffic adjacent to the site along South Boulder Road. The multi -use path will be detached and separated from the roadway by an eight -foot wide tree lawn. The applicant proposes to dedicate the land under the multi -use path to the City. A public plaza is proposed between Buildings A and B to help link the new multi -use path to the development. This space will function as a public gathering space with a public easement. A four -foot wide sidewalk is proposed along Centennial Drive adjacent to the property with a five foot sidewalk which will be detached and separated from the roadway by a landscaped tree lawn. The Centennial Drive sidewalk is an important pedestrian thoroughfare for residents living in the neighborhoods travelling to Old Town and the Louisville Middle School. On- street parallel parking will be introduced on Centennial Drive which will provide an additional buffer between pedestrians and vehicular traffic. Dedication of Right Turn ROW - The applicant's traffic study demonstrated the proposed development will not necessitate the need for any additional roadway or lane capacity. There is the potential for future development on the property to the west where the strip shopping center is currently located which could require the need for a westbound right -turn deceleration lane on South Boulder Road. Although the proposed development did not require the addition of the turn lane, the applicant has agreed to dedicate to the City of Louisville the right -of -way necessary to construct the turn lane. Policies and Principles of the 2009 Comprehensive Plan - The 2009 Comprehensive Plan's Framework Plan defines seven opportunity areas in its long -range vision. The subject parcel is located in Area #1, titled – Master Planning Neighborhoods and Retailer Revitalization. Fiscal Impacts - The fiscal impacts of the proposed development are generally positive. According to the applicant's analysis using the City's fiscal model, the initial expenditures associated with the proposal will exceed the initial revenue created by the proposal, resulting in a onetime negative fiscal impact to the City of approximately 23