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their proposal would enhance that for commercial development for <br />the remaining portion of the property? He had a problem with the <br />cul-de-sacs that remain in the CTC, as there was no continuity. He <br />wanted them connected like the historic setup was. He wanted more <br />information on the proposed improvements to 104th Street. He <br />wanted an analysis to the CTC landowners as a result of additional <br />assessed valuation, how it would work in reducing their mill <br />levies, and how it would add mill levies to homeowners in the new <br />development. <br /> <br />Bellock stated in regard to 104th, they are committed to a two lane <br />paved roadway. There are 160 acres on the west side of 104th and <br />a similar amount on the east side of 104th, which will be developed <br />under industrial and commercial zoning and have a significant <br />impact in contributing to development of the remainder of that <br />street. With regard to the CTC, there is currently $1.7 million <br />indebtedness against that project and the District is barely <br />staying afloat. He stated that CTC had been troubled in the past <br />and they believe that the immediate infusion of assessed valuation <br />will give some measure of health and assurance to future lenders <br />that this project is viable and that this park can take care of <br />itself. He commented that they believe that the park that they are <br />proposing to donate to the City on Cherry Street is a critical <br />linkage between the Warembourg and Heritage Park site. He did not <br />expect to use 85 building permit allocations per year. <br /> <br />Keany stated that there is already a trail system connecting <br />Heritage and Warembourg properties. He did not like the density of <br />318 houses. He wanted 104th Street to be large enough to <br />accommodate at least one bike lane. He didn't feel the people <br />living in this development would feel they were a part of <br />Louisville. He did not want the detention ponds to be given as <br />part of the open space, as it is unusable property. He stated that <br />he would consider more favorably a large parcel dedication for a <br />school site. <br /> <br />Levihn asked what the number of students were projected for each <br />level from the project. <br /> <br />Bellock stated 118 elementary, 38 high school. <br /> <br />Howard stated that CTC has a group that manages what's left to <br />develop at CTC. He stated that if the City of Louisville or CTC is <br />going to see significant benefit, then he wanted to see a statement <br />saying that from CTC. <br /> <br />Bellock explained that they have already met with several of the <br />CTC property owners and received a positive response from them. <br />Time did not allow them to meet specifically with the Board, <br />although some members of the Board supported this project. <br /> <br />Howard wondered about the traffic load. <br /> <br />6 <br /> <br /> <br />