City Council Minutes 1993 07 20 - Laserfiche WebLink

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Sisk wondered if the city would pay for this or would the developers pay for it. Blankenship stated that Homart had met their obligation regarding the traffic signals, so it would be the city's responsibility to install the signal. A full, four-way traffic signal would run up to $100,000.00. Sisk felt that the signal light should be paid for by the developers. Junge stated that the fees that they are paying for the 219 proposed units are $7,500.00 per unit for water tap fees, $1,500 - $2,400.00 per unit for sewer depending on the unit, $450.00 per unit water treatment fee, $150.00 per unit south side interceptor fee, $650.00 per unit thoroughfare fee, $2.40 per s.f. for the service expansion fee, building permits, plan checks, etc. He stated that the total fees on this project are well over $2 million, 16% of project cost, 2 - 3 times what Boulder is, 3 - 4 times what any other area in Boulder County is. Davidson felt that there should be a decision package in the 1994 budget for a signal at this intersection. There are adequate fees generated by the apartment house to pay for the signaling. The city has not required any other developer to pay for signaling, so he didn't feel in all fairness that it could be done now. Lathrop moved that Council accept Resolution No. 30, Series 1993, Centennial Park Apartments, Centennial Valley Parcel N, Tract A, Cherrywood Subdivision, final PUD development plan, including the 18 conditions of approval, as recommended by the Planning Commission. Seconded by Davidson. Roll call was taken. Motion passed by a 6 - 0 vote with Hornbostel being absent. RESOLUTION NO. 31, SERIES 1993 - APPROVING A FINAL PUD DEVELOPMENT PLAN FOR CENTENNIAL GREENS APARTMENTS (CENTENNIAL VALLEY - PARCEL O) Paul Wood, Planning Director, stated that this is 90 units on 5.95 acres with a density of 15.1 dwelling units per acre. The landscaping is approximately 52% or approximately three acres. The distribution of units is 60% two bedroom (1,090 s.f) and 40% one bedroom (795 s.f.) units, with two parking spaces per unit, of which 27% (50 spaces) are enclosed garages. The following revisions have been incorporated on the revised final PUD: 1.) Building bulk and orientation has been improved by splitting the four initial buildings into six smaller buildings. This change reduces the building mass and also enhances fire access around each building. Roof lines have been redesigned with lower pitches and smaller, more varied roof sections. By this revision, 27