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place in May to form the districts. The City's service plan approval includes a provision <br />that the Districts may not impose any mills, issue debt or collect fees until a <br />Comprehensive Plan Amendment is approved that allows build out of the development <br />as proposed. The Districts are also not allowed to issue debt until the service plan is <br />amended with the first final subdivision plat in order to reassess the engineering cost <br />estimates. <br />PROPOSAL: <br />Comprehensive Plan Amendment: <br />The subject property is part of the Phillips 66 Special District under the current <br />Comprehensive Plan, which the City adopted in 2013. The Comprehensive Plan <br />includes five special districts: Centennial Valley/Coal Creek Business Park; Colorado <br />Tech Center; 96th and Dillon; Empire Road; and Phillips 66. Each Special District is <br />designated as either Rural, Suburban or Urban, with each designation providing <br />differing policies on density, building height, and street and block length. <br />The proposal is to re -designate the Phillips 66 Special District from Rural to Suburban. <br />The change from Rural to Suburban Special District results in an increased maximum <br />Floor Area Ratio (FAR) from 0.25 for Rural Districts to 0.5 for Suburban Districts. FAR <br />is the ratio of building area to <br />lot area and is used to Figure 1: Proposed change from Rural to Suburban District <br />regulate overall density of Comprehensive Plan land use designation <br />the development. The FAR <br />is applied after deducting <br />any public land and right of <br />way dedications. For the <br />land area in the Redtail <br />Ridge proposal, after <br />deducting pubic land and <br />right of way, a Rural District <br />policy would support up to <br />3,185,325 sq. ft. of building <br />area and the proposal for a <br />Suburban District would <br />support up to 6,370,650 sq. <br />ft. of building area. <br />The proposed amendments <br />would also change the policy <br />on the potential land use mix <br />in the Special District by <br />allowing multi -family <br />residential development, <br />including a senior living <br />community, and allow <br />healthcare and lodging land <br />� r <br />POEM <br />0■■ <br />Now <br />000 <br />Redtail Ridge Comprehensive Plan and GDP Amendments <br />PC — June 11, 2020 <br />Page 3 of 32 <br />12 <br />