City Council Minutes 2007 08 07 - Laserfiche WebLink

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City Council Meeting Minutes August 7, 2007 Page 13 of 14 Planning Director Paul Wood explained the applicant, Etkin Johnson, is requesting authorization of a Final subdivision plat and PUD development plan as required for the future phased development of a two lot subdivision. The final PUD development plan proposes the construction of a phased, speculative, flex building on proposed Lot 1, with the development of a water quality and storm water detention facility on the easterly lot, Lot 2. The Subdivider proposes to dedicate the required right-of--way, and construct the last segment of CTC Boulevard, which would connect the subdivision to the south, Colorado Technological Center (CTC) Iriling II, with Cherry Street. The subject property was annexed and zoned as part of the Mizel Annexation (CTC) in 1976 but was not subsequently platted. The parcel is located adjacent to and south of Cherry Street, to the south is a five acre parcel zoned Agriculture which is occupied by a home owned by Mr. Bennett. To the west is a 9-acre CTC parcel, under the ownership of The Etkin Johnson Group, where a 130,000 square foot flex building is currently under construction at 1775 Cherry Street. To the east is a regional detention facility owned by the City of Louisville. The subdivision plat and the IPUD proposal are generally in compliance with the requirements of the Louisville: Municipal Code (LMC) with respect to the requirements for subdivision, as well standards of the IDDSG. The final subdivision plat reflects a two lot subdivision. Lot One (4.84 acres) is associated with a final PUD development plan which proposes a phased flex building. Lot Two (1.20 acres) would be developed for a water quality storm detention facility. The parcel is required to dediicate 12% of the land area or pay acash-in-lieu payment equivalent to 12% of the appraised value of the land at the time of subdivision. Staff recommended acash-in-lieu payment as the Department of Land Management is not supporting a land dedication. Staff recommended the applicant pay acash-in-lieu payment based upon the appraised value of the land prior to the issuance of a building permit. The Planning Commission hE;ld a public hearing on July 12, 2007 and forwarded a resolution of support with the following conditions to the City Council: 1. The applicant shall execute a Subdivision Agreement to ensure the development of required public improvements. 2. The applicant shall mE;et the required public use dedication by the payment of a cash-in-Ilieu payment equivalent to 12% 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. Mayor Sisk requested an Applicant presentation.