City Council Minutes 2014 11 03 - Laserfiche WebLink

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City Council Meeting Minutes November 3, 2014 Page 6 of 18 some Geo Techs done on the property. Staff also worried about the aging of the appraisals and requests guidance from the City Council. APPLICANT PRESENTATION Reid Phillips, 111 W. Cannon Street, Lafayette, CO thanked staff for their assistance through the application process. He addressed the 2013 appraisal and explained when they approached Concord Partners to purchase the property there was an agreement to purchase finished lots, which would guarantee specific rights to the land. This would include the infrastructure and other components. His company specializes in developing in -fill projects by providing the architecture after the infrastructure has been put in. He stated with the mine on site, they felt it was better to take over the entire process. This explains why there are gaps in the initial appraisal and the purchase price, which backed out the infrastructure costs and required more time for the title process. He addressed the mine subsidence, and explained the original developer had an environmental report done on the western portion of the property, which was compared to a study done in 1978. His company hired CTL Thompson, who completed a number of investigations in the Louisville, Boulder and Lafayette area. They bore into the mine to determine the amount of subsidence involved. The results of the investigation were both of the mines collapsed, which provides a very low risk. He noted the Colorado Geological Society recommends a 50' buffer for a mitigated mine shaft. His company will recap the mine shaft and pay for all the mine mitigation. Waivers: He addressed the height waivers for a range of 27'8" to 28'6" which includes a six inch buffer for any engineering requirements. If built as planned the height will be 27'2" and 28' for one lot. The FAR Waiver came with the request for a walking park. The side of the parcel is an access route to Louisville Elementary School. The lot size was originally 55,432 SF, with a FAR of 19,401 SF. The plan is to build 16,240 SF homes without garages, which is a difference of 526 SF per lot. He voiced his belief the second story homes would be deed restricted. COUNCIL COMMENTS Council member Stolzmann asked staff in the Floor Area Ratio (FAR) calculation, would the area for the land dedication be included as part of the parcel. Planning and Building Safety Director Russ responded no and explained he reviews the individual lots created and the unit on the lot. Council member Stolzmann referred to the 55,432 SF parcel. Mr. Phillips explained that is the 1.27 acre unencumbered land parcel and unentitled as it exists today. The FAR at 35% for buildable is 19,401 SF. He explained the land can accommodate 15 units but they are proposing 6 single family homes.