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Chuck Bellock, Knollwood Partners, Ltd., 1400 - 28th Street, Boulder, Colorado, stated that the
<br />residential lots will be 13,250 s.f. and there will be 51 acres of open space and parks, including
<br />ballfields, community recreation areas, public areas, and trail connections to the Rock Creek and Coal
<br />Creek Trails. He reviewed the drawings and maps of the development and surrounding area. They
<br />committed to provide a voluntary impact fee. They would provide paving of 104th Street from Dillon
<br />to Hwy. 42, which is the last unpaved collector road in the City of Louisville. He stated that the
<br />development of the 96th Street interchange will add a significant amount of additional commercial
<br />and industrial land that was not foreseen when this land was platted in the '70's.
<br />
<br />Dan Connelly, Director of Market Research for THK Associates (a land planning and market
<br />feasibility firm), 5325 So. Valencia, Denver Tech Center, Denver, Colorado, stated that this
<br />development will substantially enhance the level of service and the overall quality of life in Louisville.
<br />They will have impact fees that have a present value of close to $4 million and in the year 2000 they
<br />will have an assessed value of about $11.5 million, annual property taxes of just under $70,000/year,
<br />and have made cumulative property tax contributions of about $200,000. Documents available for
<br />review in Central File are: Submittal Document - Response to Zoning and Comprehensive Plan
<br />Change Requirements and Fiscal Analysis - Colorado Tech Center.
<br />
<br />Bellock reviewed more illustrations of the development. He stated that they had complied with all
<br />of the statutoEt requirements for rezoning. He commented that there are many benefits from this
<br />project, setting a precedent and exceeding any other residential development the city has seen in terms
<br />of contributions and benefits the city will receive such as the donation of the Daughenbaugh parcel
<br />as a park, infrastructual improvements to the Colorado Tech Center, relief to 96th Street traffic,
<br />traffic reduction, and reduction in school impacts by virtue ofrezoning.
<br />
<br />Davidson opened the public hearing.
<br />
<br />Bill Boulet (Planning Commission), 728 Grant Avenue, Louisville, Colorado, stated that the Planning
<br />Commission felt that this project was in the wrong place, next to industrial land and bordered on the
<br />other side by a major highway. The Planning Commission felt that it would be inappropriate to place
<br />$2 - $500,000 homes in this area. There would be a significant impact on city services.
<br />
<br />Tom McAvinew (Planning Commission), 229 Lois Drive, Louisville, Colorado, felt the enticements
<br />being offered were not worth the price or the inadequacies. He stated that the criteria for the zoning
<br />change was not met or consistent with the Comp Plan. He agreed with Boulet's comments.
<br />
<br />Suzanne Talaric, 533 Manorwood Lane, Louisville, Colorado, was in favor of the project, especially
<br />the free open space for the city.
<br />
<br />Yum Talaric, 533 Manorwood Lane, Louisville, Colorado, has a business in Broomfield that he would
<br />like to relocate in CTC, but because of the tax issues there, he was hesitant. He stated that Bellock's
<br />development would make it more favorable because of the tax issue. He spoke of Chuck Bellock's
<br />integrity and that he would like to see this project approved.
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