City Council Minutes 2018 11 13 - Laserfiche WebLink

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City Council Meeting Minutes November 13, 2018 Page 2 of 7 Guimond stated there has been a major increase in multifamily housing in the larger trade area in the past decade. Development activity has been predominately in Boulder and Broomfield Danica Powell reviewed the regulatory framework noting it starts at the Comprehensive Plan and works down to covenants and use restriction agreements. She stated Parcel 0 has both private and public regulations that affect uses on the site The private covenants are strict and were put in place by the owners. Lot 2, the Sam's Club property, is not allowed to have grocery uses or other big box uses. Those regulations and the covenants are in place for 65 years. She reviewed the uses that are allowed by zoning and covenants, those limited uses that might be allowed, as well as those uses prohibited in the covenants. Powell reviewed public outreach efforts. She noted they heard requests for mixed - income housing, community spaces, big box stores, a need for more community spaces, and to make the area more walkable. Responses include requests for hospitality uses, more food and beverage options, additional retail, and service uses. Responses have been consistent regardless of the way they were submitted Many people would like to see mixed use, retail, specialized fitness, a walkable area, and family activities A lot of emphasis on unique, local shops, greenspace, and public gathering places. Guimond stated the market analysis is largely done and now they are ready to define scenarios that can be evaluated from a market and community perspective. They have three options that frame the level of possibility on the site and the level of intensity with a range of alternatives that can be evaluated before coming to a preferred scenario for the Council and the community at large. He noted that the section that is largely in play are lots 2 and 3, the Sam's Club property and the Kohl's property SCENARIOS REUSE EXISTING BUILDINGS This is the lowest intensity alternative and reuses the existing buildings and splits the buildings to multiple users: retail, entertainment, flexible employment space. This requires a limited investment from property owners and requires no public investment or improvements. PARCEL BY PARCEL MIXED USE REDEVELOPMENT This is a redevelopment within the existing road grid with new buildings. It would mix hotel, office, and multifamily residential, with some pad and frontage retail This uses surface parking, but has limited changes in connectivity and walkability This requires private property owner reinvestment, but limits public involvement.