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RESOLUTION N0.40 SERIES 2007 A RESOLUTION APPROVING A FINAL SUBDIVISION PLAT AND FINAL PLANNED UNIT DEVELOPMENT (PUD) PLAN FOR 1900 CHERRY STREET, LOTS 1 - 2, BLOCK 1, COLORADO TECHNOLOGY CENTER FILING N0.3. WHEREAS, there has been submitted to the Louisville City Council, a request for approval of a final subdivision plat and final planned unit development (PUD) plan to construct a flex building with proposed uses of office, light manufacturing and warehousing with multiple tenants at 1900 Cherry Street, Lots 1 and 2, Block 1, Colorado Technology Center Filing No. 3; and WHEREAS, all materials related to the final subdivision plat and final PUD development plan have been reviewed by City Staff and the Planning Commission and found, to be in compliance with the Louisville zoning ordinances, subdivision regulations, the Industrial Development Design Star.~dards and Guidelines, related policies and previous approvals; and WHEREAS, after a duly noticed public hearing concerning said final subdivision plat and final PUD development plan on. July 12, 2007, where evidence and testimony were entered into the public record, including the; staff report dated July 12, 2007, the Planning Commission recommended approval to the City Council, with the following three conditions 1. The applicant shall execute a Subdivision Agreement to ensure the development of required public improvements. 2. The applicant shall meet the :required public use dedication by the payment of a cash-in- lieupayment equivalent to l:?% of the appraised value of the land at the time of subdivision. Such payment shall be made prior to the issuance of a building permit. 3. The applicant shall provide either a fence or hedge on top of any retaining wall over 30" in height for public safety purposes; and WHEREAS, City Council has reviewed the application, including the recommendation of the Planning Commission and that the application should be approved, with the following conditions: 1. The applicant shall execute a. Subdivision Agreement to ensure the development of required public improvements. 2. The applicant shall meet the required public use dedication by the payment of a cash-in- lieupayment equivalent to 1'<<?% of the appraised value of the land at the time of subdivision. Such payment shall be made prior to the issuance of a building permit. 3. The applicant shall provide either a fence or hedge on top of any retaining wall over 30" in height for public safety purposes. NOW THEREFORE, BE IT RESOLVED, that the City Council of the City of Louisville, Colorado does hereby approve a final subdivision plat and final planned unit development (PUD) plan to construct a flex building with proposed uses of office, light manufacturing and