Planning Commission Minutes 2003 09 18

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Wood stated that the Fiscal Impact Analysis was completed on September 3, 2003 by the City’s Finance Director, Charlene Laus, the analysis was applied to three scenarios with each having two breakouts, one for calculation of operational surplus or deficit at build-out, and a second as a calculation for a surplus or deficit in capital improvements at 2025. 1.Scenario number one provides for build-out of the 440 acres under current Industrial zoning. 2.The second scenario is Mixed Use, which is based upon the proposed square footage on the General Development Plan (GDP), and the Summary Transportation Plan prepared by SHE. A total of 1,080 dwelling units were included within this scenario. For the purposed of determining the capital transportation costs, trip rates were based on multi-family. 3.The third scenario runs analysis for strictly a commercial build-out, excluding the land use of residential. Square footages were based upon the Summary Transportation Plan with the exception that retail square footage was increased from 200,000 SF to 500,000 SF consistent with scenario #2. Wood concluded the staff report by discussing the fact that the required criteria must address need. Staff acknowledges that truly, a number of changes have occurred in the South Sub-area. The applicant’s intent letter is clear in its discussion of changing conditions internal to STK and the STK campus. Beginning in 1978-82, when the majority of the STK property was zoned to Industrial, conditions have changed dramatically. Clearly, the most obvious change external to STK is the extent to which the regional road system and associated intersections has been impacted by regional traffic. The construction of the Flatirons Crossing and the Monarch Campus are representative of the type of development constructed around the STK parcel. The net, negative fiscal impact of further industrial build-out, establishing a gateway to the City of Louisville, the need to protect the character of the Paradise Lane Subdivision, and reduce heavy truck traffic are factors which clearly are applicable to a rezoning and should be accounted for in the associated application. However, beyond the discussion of transportation improvements and the ability of the project to create a positive net fiscal impact, staff would request the applicant provide additional information as to how those changing conditions warrant an introduction of residential land use into the comprehensive plan. Wood reported that the proposed comprehensive plan amendment consists of a series of letters and text statements, but no mapping exhibits have been submitted as requested by staff. It would be the intention of staff to provide to the Planning Commission and in turn to the City Council the necessary comprehensive plan exhibits to ensure that the requested level of detail is provided. Staff has also identified several concerns with the supporting documentation for the comprehensive plan amendment where the applicant will require additional time to address. Staff is requesting that the Commission continue action on Resolution No. 19, Series 2003, until the next regular meeting on October 14, 2003. Commission Questions: Lipton asked if any of the Commissioners had questions for Wood. Robson asked if the 1998 Amendment included the Northwest Parkway information. Wood replied that it was identified in that amendment. 6