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