City Council Minutes 2017 02 07 - Laserfiche WebLink

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City Council Meeting Minutes February 7, 2017 Page 12 of 15 density being transferred between planning areas within the GDP from what was approved in the original GDP and earlier GDP amendments. In 2010, 12 multifamily units were moved to this property and in 2011, 17 units were moved to this property. Also in 2011, the commercial square footage on this property was reduced to a maximum of 65,000 s.f. The current GDP states the residential units in the planning area shall not take away from the commercial development area and no single family units are allowed in this area. Planner Dean showed the comparison of the fiscal impact of the current proposal with the original GDP from 2006, the amendments that have been approved to date, and this current proposal There is still a net positive fiscal gain over 20 years. This area is defined as an urban corridor in the Comprehensive Plan and calls for a mix of housing to meet the needs of a variety of residents. The current proposal is still within the 350 units allowed in the original 2006 GDP Planner Dean reviewed the traffic and parking plans proposed for the site, stating the proposal exceeds the requirements. In addition all units are below the 40 -foot height limit There is a phasing plan for the PUD where each phase of residential will be built with a phase of commercial It meets all landscaping and lighting requirements. Planner Dean stated staff recommends approval of the Ordinance and Resolution. Chad Kipfer, 5723 Arapahoe Avenue, Boulder, representing Markel Homes, reviewed the history of the North End development. He stated this section under discussion is not great retail space as currently configured, but the proposed changes with more visibility from South Boulder Road should make this a more successful layout and should be fiscally positive for the City. Michael Markel, 5723 Arapahoe Avenue, Boulder, representing Markel Homes, noted this is the finish line for the North End project. He stated this particular location has difficulties including poor access. He stated they have done studies and market analysis for the site and every study shows for commercial to be successful on this lot it would require an anchored tenant in this location which is really not feasible. He noted they are not asking for any additional residential density. He committed to moving the Markel Homes offices from its current location in Boulder and by so doing subsidizing the commercial development in this location He committed to building the commercial first on this site He stated he is actively pursuing retailers for the site. Mayor Muckle asked for Council questions. Mayor Pro Tem Lipton asked if there is a way to guarantee in the GDP that these commitments will happen.