City Council Minutes 1995 02 07 - Laserfiche WebLink

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roadway, dedicated by the subdivider. The language in that section was in agreement with the applicant or the subdividers, with the exception that they would like to address Council with one change of language, that the right-of-way be dedicated not as the city requests, but at the point of approval of the Final Subdivision Plat. Section 7 provided two definitions of the term "Extended Stay Hotel." One version provided for the use as a permitted commercial use for rental or lease for a period of less than 30 consecutive days and prohibited conversion to a multi-unit or multi-family dwellings. In the alternative version, the use is not a permitted commercial use. He commented that if this agreement is authorized, it would allow a majority of the retail square footage to be allocated to Parcel L1. He noted that the agreement as drafted would not require a minimum FAR and therefore would not preclude small pad users on Parcel L1. Staffs recommendation was that, if accepted, this agreement not go into effect until all parties have signed off on the Fifth Amendment to the Interchange Agreement. Davidson called for the applicant's presentation. Don Shonkwiler, H.D. Delaware Properties, 400 South McCaslin, Louisville, Colorado, stated in relation to Section 6, they wanted to follow the practice that had occurred in Centennial Valley to this time, to dedicate and plat roadways as they are platting subdivisions. They wished to do it in conjunction with any subdivision or plat on Parcel L that would come before Council for approval. Concerning Section 7, he wanted clarification as to whether Council did or did not want to allow an "Extended Stay Hotel." James Shipman, Isaacs & Rosenbaum, Woods & Levy, 633 - 17th Street, Denver, Colorado, representing Property Trust of America, addressed the language proposed for the Development Agreement concerning Section 7, "Extended Stay Hotel." He stated that the "extended stay" concept is a proven market. He explained that the period of the rental would be 30 days or less with regular maid service. Sales tax would be collected. The "30 days" differentiates from a "dwelling unit" that rents for 30 days or more. Mark Neuman, representing Property Trust of America, 125 Lincoln Avenue, Santa Fe, New Mexico, was there to answer any questions concerning the facility. Davidson called for Council questions. Sisk asked about daily rental. Neuman stated that you can rent them for one day at a time, but they rent them for one week at a time, so one night's stay would be the same charge as one week's stay, $200. He commented that they are the fastest growing hotel chain in the nation right now. There would be laundry facilities for the guests. Keany asked Shonkwiler how he would change the language in No. 6.