Planning Commission Agenda and Packet 2008 04 17

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Planning Commission Meeting Minutes March 20, 2008 Page 5 of 8 • Single -Family (front load) $500,000 - $700,000 The phasing plan is designed to complete approximately 50% of the residential in Phase I, followed with 50% of the commercial/retail in Phase 2, the remaining 50% of the residential in Phase 2 and 3 and the final 50% of Commercial in Phase 4. Russell asked if there was another development in the area that the Commission could use as a comparison. Brew stated he was not aware of any similar developments with several property owners. Russell and Tengler addressed questions regarding the fiscal analys e Burch of EPS. Burch discussed revenue sources, sales tax revenue stating the $A.. i 10 is for an annual basis at buildout which should be approximately seven (7) years based on its per year. The sales tax revenue does include in -flow from other developments. Russell inquired about the CDOT permit and if it had been applied for b plicant. Brew stated it had not been applied for because it starts a timing deadline wh ued. He continued by stating the access points that had been agreed upon with CDOT. Staff and Applicant Summary and Recommendation: No additional comments or summary by staff. Applicant stated his interest in the corrtments and discussion by the Commissioners. Public Hearing Closed Commission Comments: Loo stated her support of the project and her interest in a continuance to allow staff and applicant to finalize some of the details addressed in the staff presentation. Hartman stated her support of the project and recognized that traffic will continue to be a problem until work is completed on HWY 42. She also stated her support for a continuance to allow the staff and appli, nt the opportunity to final; e the details. Russell asked if the num editions was ered too many Lipton answered that the Commission prefers to not forward too many conditions to City Council. Russell stated it looked to that 1/3 of the conditions require coordination with other agencies and would remain s conditions through City Council. He stated he liked the development but continues to have concern with the connectivity to other areas of Louisville. Lipton stated his support of the project because they have developed the project following the Comp Plan, provided a diversity of housing stock, and have done the trail planning that can be done on the site until the other surrounding properties are developed. He supports a continuance to allow the staff and applicant to work on the final resolution with conditions. Tengler also stated his support of the project and the continuance to another meeting. Pritchard stated his support of the project. He stated that connectivity is a regional issue that will not be solved by just this project. The trails as planned will allow other developments to create the connectivity needed for downtown. He also stated his interest in a continuance. Russell asked staff what would be gained by continuing to another meeting.