City Council Minutes 2015 03 17 - Laserfiche WebLink

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City Council Meeting Minutes March 17, 2015' Page 15 of 31 Council member Loo had asked for information on what the City would give up do this project. The staff report noted Kaylix will be extended and be a through street. She asked if Kaylix is to be a through street, does the City have to acquire the property from the Davidson Highline subdivision. She asked how much it would cost and how much would it cost to build the street and estimated $2 -2.5 million. Although it is not a part of this project, she felt it would be brought up in the future and obligate future Councils. Mayor Muckle explained if the City Council wants to pass the annexation they must agree on the annexation agreement and stated he was comfortable with the annexation agreement. Council member Lipton clarified the Council has not decided on the financial assistance package. He stated Council could approve the annexation and zoning this evening. His only concern was the zoning would tie into the economic analysis. Frank Alexander explained the County Commissioners have stated that without direction on the financial package the County requests the property not be annexed. Council member Stolzmann understood Council member Loo's concerns, but noted the most of the concems have been addressed. She noted the Council still has the opportunity to review the PUD. She felt the annexation and zoning could be supported. She addressed the traffic signal at Hecla Drive and noted if the project doesn't go forward, there would not be a need for traffic signal at Highway 42. She felt it would be reasonable for the annexation agreement to require the applicant to pay 100% of the cost of the traffic signal and the City would work with them in the other agreement on the costs. With respect to trail improvements she felt it should provide good circulation with the underpass being an important componentand the underpass should be tied to this agreement. With respect to the fiscal package she wanted to know where building fees would be backfilled and what projects would be delayed, and will the City have to hire building inspectors.. She suggested some analysis for the Planning and Building Safety Divisions. She was comfortable with the impact fees and felt they were justified by the project contributions. She agreed the City does not want to subsidize market rate housing. Council member Keany voiced his support for the project and was ready to move forward this evening. He felt it is easy to question the financial investment but the relationship with the County is very important as it has been in the past. He noted there have been road, highway and trail projects where the City has asked the County to contribute. Without their help those projects would not have moved forward. He understood Council's concerns, but voiced his belief Boulder County and the City of Louisville have been good partners for many years and the City should step up and support the County on this project.