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Appell gave a short presentation and expressed <br />Planning Commission's support of the annexation. <br />Money in lieu of open space was part of the <br />annexation agreement in the amount of 12~ of the <br />appraised value. <br />Historically, the Open Space Fund has. been used to <br />purchase and improve open space areas. Staff was <br />asked to report back to Council as to the exact <br />fund that the money would be deposited from this <br />annexation agreement. The City's Comprehensive <br />Plan calls for a fund to be established with <br />monies from annexation agreements. <br />Mayor Meier closed the Public Hearing and moved <br />that Ordinance #853 be adopted. Cussen seconded <br />and the motion was approved unanimously by roll <br />call. <br />ORDINANCE #854 <br />WINCHER ZONING <br />PUBLIC HEARING Rautenstraus read Ordinance #854," An Ordinance <br />Amending Title 17 of the Louisville Municipal Code <br />of the City of Louisville Entitled "Zoning" by <br />Zoning Property of Approximately 9.9 Acres of <br />Property Owned by John and Mary Wincher, Annexed <br />to the City of Louisville by Ordinance No. 853." <br />Rautenstraus stated that proper publication of the <br />ordinance and notice of Public Hearing occurred in <br />the Louisville Times. <br />Appell reviewed the ordinance for Council <br />indicating that this is the first Business Office <br />Zone that has come before staff. Stressed within <br />this zone was "compatibility with residential area <br />and no commercial uses more than 20~ of the gross <br />square footage." Both of these requirements have <br />been met within this 9.9 acres. Staff and <br />Planning Commission recommend this ordinance <br />passed. <br />Mayor Meier closf~d the Public Hearing and moved <br />that Ordinance #8'~4 be adopted. Johnson seconded <br />and the OrdinancE~ was passed unanimously by roll <br />call. <br />METRO DENVER WATER <br />AUTHORITY CONTRACT Hundley indicated that some people are still <br />somewhat uncertain as to what participation in <br />the Metro Denver Water Authority Contract would <br />involve. He su€;gested that Noel Hobbs attend a <br />Council Study Se:~sion on the 26th of February to <br />further clarify both the short and long term <br />obligation to the City of Louisville. <br />2 <br />