City Council Minutes 2014 11 03 - Laserfiche WebLink

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City Council Meeting Minutes November 3, 2014 Page 7of18 Council member Loo asked if all the dwellings will be fire sprinkled. Mr. Phillips confirmed it was a requirement and all the homes and attached garages would be sprinkled. PUBLIC COMMENTS Michael Menaker, 1827 W. Choke Cherry Drive, Louisville, CO addressed the concern expressed over the aging appraisal and noted the City's application process is long and arduous. He was not concerned over the 18 -month old appraisal although the difference between the appraisal price and the purchase price was surprising. He felt the approval process of 18 months is a reasonable expectation. He noted most of the development in the City is in -fill or redevelopment and does not fit the model previously used for whole subdivisions. He felt it is appropriate to deal with each on its individual merits. He felt the quality of the project, architecture and sensitivity to the neighborhood and the property tax and use tax derived from this project will provide enough financial benefit. He felt the project was worthy of the City Council's support. Michael Deborski, 601 Pine Street, Louisville, CO stated he was very familiar with this property and noted growing up he lived four houses away. He explained since he was a child there has been a continued effort to fill in the mine shaft and as the property sank they continued to try to keep the property safe for the surrounding neighborhood. He recalled a cement truck fell into the mine shaft, while trying to fill the shaft with cement. He noted wider cement slabs were poured and they fell into the mine shaft. He stressed the importance of mitigating the mine shaft. He felt there should be a commitment from the developer to do the project right. With respect to the appraisal, he felt the property should be assessed at $400,000 per unit as opposed to the 2013 appraisal. COUNCIL COMMENTS Council member Stolzmann thanked the applicant for his presentation and voiced her appreciation for the roof waiver to allow homeowners to put in solar panels, if they so desired and the height variation for environmental reasons. She was unsure of the subsidence comments. The geotechnical reports indicate water and pillars holding the mine up, however there needs to be mitigation for the mine shaft. She was not comfortable with the land dedication and although she supported the monument she felt there was a lot of liability. She felt the risk of the land is not worth the dedication. She was in favor of a 15% land dedication fee based on a current appraisal. Council member Lipton addressed the appraisal and stated in the interest of being consistent, Council should determine what an acceptable appraisal is and what it is not. He felt an18 -month old appraisal in today's market is a long time. He referred to the staff report which stated the speculative value cannot be factored into the appraisal process for the land dedication process. He was in favor of most of the project but was hung up on the land dedication. Planning and Building Safety Director Russ agreed