City Council Minutes 2004 02 17 - Laserfiche WebLink

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Louisville City Council Meeting February 17, 2004 Page 8 of 11 developed as a Town Center, the primary specialty shopping, office and entertainment district of the Town. With regard to the proposed amendment, single family residential would not be permitted on any part of the parcel. Staff is requesting Council direction on whether the amendment should be made to the IGA or whether there should be a quantification of the retail acres. Mayor Sisk opened the public hearing. Dave Nosier, 604 Mead Court, Louisville, CO addressed the issue of the commercial development of the Superior Marketplace. He explained a citizen committee was formed to incorporate a town center on that property. The citizen's plan was rejected. He suggested if Louisville agreed to amend the IGA, the revenue derived should be split equally between the City of Louisville and the Town of Superior. Superior Town Manager Bruce Williams, 124 E. Coal Creek Drive, Superior, CO, referred to the 13-acres and explained that 8-acres is for a retirement community and five acres will be reserved by Mr. Menkick for commercial development at a later time. Council member Van Pelt voiced her confusion with the process and asked why a continuance was being requested. City Manager Bill Simmons explained the amendment of the IGA was advertised as a comprehensive plan amendment and a public hearing. Since no amendment has been prepared, this item must be continued or advertised again. He requested direction from Council as to whether a minimum square footage might be a requirement of the IGA amendment. COUNCIL COMMENT Council Discussion: Council member Brown suggested a sub-committee of the City should meet with the Town of Superior. Mayor Pro Tem Keany voiced his concern with residential component and the potential reduction of sales tax. He suggested a minimum retail square footage of 100,000 square feet. Council member Van Pelt concurred and voiced her belief there should be an agreement on the minimum square footage of a least 250,000 square feet. Council member Clabots concurred. Mayor Sisk agreed and suggested Council give direction to the City Staff and stressed the importance of giving the Town of Superior some latitude. He asked City Manager Simmons to address the square footage. City Manager Bill Simmons explained at a rate of $182.00 a square foot, Louisville share of the sales tax revenue would be approximately $300,000 to $400,000 per year. Mayor Sisk noted his request that paragraph 14 of the IGA be deleted. He asked Council for discussion. Council Discussion: Council member Van Pelt stated her belief a minimum, square footage should be set and asked for a comparison on other retail developments. Mayor Sisk requested more data. Council member Brown stated the data would be useful to have prior to the March 1 meeting with the Town of Superior.