CONDITIONS SURVEY PUBLIC MEETING 2014 07 07

Home Browse Search

CITY STAFF COMMUNICATION SUBJECT: CONDITIONS SURVEY DRAFT FOR 550 S. MCCASLIN BLVD, B BUILDING DATE: JULY 7, 2014 PRESENTED BY: AARON M. DEJONG SUMMARY: The Louisville City Council on May 6, 2014, directed staff to commission a Conditions Consulting, represented by Austin Patten, has been hired to conduct a conditions survey to research if blight conditions exist on the property. BACKGROUND: since early 2010. Wal-Mart actively marketed the property for over 3 years with brokerage firms CBRE and SRS Realty. They were unsuccessful in finding a new owner for the building for a retail purpose. Centennial Valley Investment, LLC (Centennial Valley) and Seminole Land Holdings, LLC purchased the property in January 2014. Centennial Valley has actively marketed the property but has communicated to the City that private deed restrictions placed on the property, which prohibit retail uses that could compete with other retail uses adjacent to the development, severely limit the potential retail users who would otherwise be interested in using the property. Centennial Valley argues these deed restrictions effectively prevent the property from being occupied again and prevent full utilization of the property for uses allowed by the City zoning. The Louisville City Council on May 6, 2014, directed staff to commission a Conditions Survey. The blight factors identified in the Colorado Revised Statutes are: (a) Slum, deteriorated, or deteriorating structures; (b) Predominance of defective or inadequate street layout; (c) Faulty lot layout in relation to size, adequacy, accessibility, or usefulness; (d) Unsanitary or unsafe conditions; (e) Deterioration of site or other improvements; (f) Unusual topography or inadequate public improvements or utilities; (g) Defective or unusual conditions of title rendering the title nonmarketable; (h) The existence of conditions that endanger life or property by fire or other causes; (i) Buildings that are unsafe or unhealthy for persons to live or work in because of building code violations, dilapidation, deterioration, defective design, physical construction, or faulty or inadequate facilities; (j) Environmental contamination of buildings or property;