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05/19/87 <br />elementary school. In approving this agreement, <br />the City Council .is also approving an amendment to <br />the Centennial Va:Lley General Development Plan by <br />1) incorporating •the 7.2 acres shown as Parcel S-6 <br />with Parcel J and approving single-family <br />residential development at five units/acre; and 2) <br />redesignating 7.2 acres of Cherrywood Subdivision <br />as PCZD-A for use as a school, public park or <br />recreation area. <br />Mohr moved that tlhe agreement to exchange real <br />estate and the amendment to the Centennial Valley <br />General Development Plan as stated be approved. <br />Mayor Fauson seconded. Unanimous. <br />RESOLUTION #12 - PARTIAL REPEAT FOR CHERRYWOOD <br />SUBDIVISION Rautenstraus read in its entirety Resolution #12, <br />"A Resolution approving a final replat for <br />Cherrywood Subdivision." <br />Wanush stated that this request is to divide a <br />portion of Tract C: of the Cherrywood Subdivision, <br />9.2 acres total, into lot 1 (2 acres) and lot 2 <br />(7.2 acres). The City will give lot 2 to the <br />Boulder Valley School District for consideration <br />and the district will purchase lot 1 from Homart <br />at market value. The two lots are then available <br />to BVSD for a future school site. The City and <br />BVSD have executed an agreement relating to the <br />land dedication and to the shared use of the new <br />school facility. The district has agreed to <br />accept partial "fair share" pro rata costs for <br />street paving, street lighting, sidewalks, curb <br />and gutter, utilities and tap fees. Planning <br />Commission recommended approval at the March 10, <br />1987, public hearing. <br />Anderson commented that he was pleased that this <br />agreement is being adopted tonight. This <br />agreement "addresses the needs and concerns for <br />providing adequate space for school aged children <br />and I hope this maybe gives a little lead to other <br />communities to provide at the elementary school <br />level the opportunity for the School District to <br />have a quality site and a planned location that <br />will benefit the community. I think this is the <br />first step in solving the problems of facilities <br />that the School District has -this is a step in <br />the right direction to finally begin a good <br />working relationship with the School District that <br />allows us to work together on this matter." <br />Anderson moved that Resolution #12 be approved. <br />Szymanski seconded. Unanimous. <br />4 <br />