City Council Minutes 1984 02 07 - Laserfiche WebLink

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2/'7/84 Page -9- 1986 - 100 units, 1987-1988 - 55 + incentive allotment. 'There is a ceiling in the agreement so that the developer would never be: able to obtain more than 200 permits per year. Attorney Rautenstraus also stated there was a :possibility of an amendment to th.e comprehensive plan if the agreement was acceptable. FINANCIAL ANALYSIS Councilmembe:rs had been provided with copies of Revenues :Per Housing Units, Expenditures Per Housing rJnit, Revenue Sources, Sales Tax, Ad Valorem Tax, Taxes Anticipated to be Derived from Homart, Residential Assessed Valuation, and a Summary. Administrator Wurl stated that as part of st'aff's review they were asked to consider not only this development but overall develop- ment in terms of residential. Slides of the information were shown as Administrator Wurl explained each item of the revenues .and expenditures. .After the explanation, Ad- ministrator Wurl stated the estimate planned for Louisville is between 6,800 and 7,000 units and is what the City would have ability to serve utilities plus the other develop- ment in the Comprehensive Planning area. He remarked the City would not get to 10,000; on the other hand that's a lot of develop- ment to take place. However, could not pre- dict when this would occur. AREAS OF CONCERN Councilmembe:rs and people in the audience had copies o:f the areas of concern regarding the Homart rezoning plan. Director of Community Development Rupp advised these were derived from study sessions involved with City Council and staff. The five areas were the Phasing Plan, Parcel B, Parcel C, Density, and Other Changes,, and Director Rupp read and explained each category of the concerns. He showed a slide that on Parcel J the Public Service power lines run down the east side of the residential planning area which presents a physical separation of 75' between the Heritage subdivision and the Westfield townhouse development. This is an existing buffer situation and provides assurance for open space between those developments.