City Council Minutes 1994 09 20 - Laserfiche WebLink

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heating, staff recommended that Council accept a motion to continue the public hearing to November 1 and refer the question back to the Planning Commission. Davidson called for the applicant's presentation. Chuck Bellock, representing Knollwood Associates, requested a continuance to the October 18 Council meeting to address concerns raised by the Planning Commission, a copy of which they had just received. They wished to continue their dialogue with the District. He asked to have this move forward without going back to the Planning Commission. He commented that they are not proposing any material changes to their project plan that would warrant a Planning Commission review. He asked that the Council consider a study session on October 12 on this project. Davidson opened the public hearing. Michael Sheldon, 7951 East Maplewood, Greenwood Village, Colorado, attorney for Mohawk Investment Company and Senaca Investment Company, the principles known to Council as Bob Motlong and Dr. Peter Maniatis, stated that they had met with Mr. Bellock and his partners in an effort to work out compatibility. He felt this matter should be denied. If there is new information, let it be stated now. Wayne Monson, Contract Manager for Colorado Tech Center Metropolitan District, 6200 South Syracuse Way, Greenwood Village, stated that the District had concerns about this proposed rezoning. He assured Council that contrary to a letter sent by the applicant, the District is not in financial trouble. The District's debt is structured with level debt payments for the term of the bonds. He stated that Mr. Bellock had promised the District some financial information regarding the impact on the District of his development, which he has failed to do. He commented that there is reason to believe that the financial implications would be negative on the District. The District is concerned about the development, because of being concerned about loss of control of the District. The District was concerned that the residential would bring a constituency to the District that might have a different agenda regarding the build-out of the District, as contemplated. If the zoning was approved, he asked the city to work with the District on some off-setting payments, so the property would still pay its share of the District's costs and debts, as was originally anticipated. Davidson called for anyone else wishing to speak on Ordinance No. 1162. NONE Davidson closed the public hearing and called for Council comments and questions. Howard wondered if there would be any new information on this coming before Council. Bellock stated that there would be no new information, just information to clarify concerns previously raised. He stated that they had contacted several of the adjacent property owners, all of which were 6