City Council Minutes 2001 12 04 - Laserfiche WebLink

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Louisville City Council Meeting December 4, 2001 Page 13 Pedersen stated the reason that Koebel and Company have agreed to sign a shared access agreement is that the automotive use is completely screened from their property. Brown asked for background information on the McCaslin Interchange Fee. He asked if is the City is collecting money for future improvements. Simmons stated that the City has collected fees on acreage property. He noted that the funds are kept in a separate account for the sole purpose of McCaslin Interchange improvements. He stated that the balance is projected at the end of the calendar year to be $420,392. He explained that there have been a number of properties that have contributed to that fund. He referenced that Colony Square, Century Retail, and Coal Creek Business Park have contributed to the fund. He stated that the fund started in 1998, with a joint agreement with the Town of Superior, to make improvements to the McCaslin Interchange. He noted that everyone within the Centennial Valley would be subject to payment of the funds. Brown asked for confirmation that there was no obligation for the City to form a Special Improvement District, however there is an obligation to spend the funds to improve the McCaslin Interchange. Simmons stated that there is not an obligation, but intent. Brown asked if there were any exceptions. Simmons stated that since the Agreement was signed in 1998, there have been no exceptions. Simmons reiterated that the funds are kept in a separate account. Brown asked Mr. Pedersen why Koebel would agree to sign a shared access agreement. Pedersen stated that Koebel submitted five conditions that the applicant has agreed to. He noted that for the purposes of their project, a shared access is not required and that they could simply shift the development to the south. Keany asked Wood about the Wincher Annexation or East Core Development and the Jim Martin property, and whether it was part of the same parcel. Wood stated that Wincher was the ten acres to the south, which was the East Core Development and which Century occupies. Wood stated that would include Spice China Restaurant, the animal hospital, and several office buildings, Starbucks, and Quizno's. Keany asked where the cash-in-lieu payment of $10,000 came from for the Wincher Annexation, and why was there not a current value assessed. Wood stated Council agreed upon that amount at the Final PUD approval. Pederson stated that the Wincher property was annexed prior to the Zurick property and rezoned in 1985. Keany stated that he liked the development and the project, and that he has no problem with the automotive use, but struggled with the issue of the of cash in-lieu of land dedication. 13