Planning Commission Minutes 2020 06 11

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Planning Commission Meeting Minutes June 11, 2020 Page 11 of 19 Baukol concludes the presentation with saying that he cannot think of a better company than Medtronic to anchor this development around. He believes this proposed plan is created by the community, it benefits the community, and it provides long-term fiscal stability to the community. Commissioner Questions of Applicant: Howe says that the applicant mentioned that there would be no development costs for the city. He asks if the applicant can speculate on the maintenance costs. Swisher says that they would need to bring Tischler Bise in for that question to answer it appropriately. Howe asks if they think this development will improve the residential and retail portion of the community. Swisher says yes, she very much thinks this is the case. Howe says that regarding the senior center traffic, it has been said that it creates less negative traffic by 75%. It was also said that this would bring highly disposable income to the area. How do those two facts coexist? Tansey says that the senior living residents have some disposable income and time on their hands. They also do not contribute much to the peak hour traffic. The residents are also not usually out shopping and traveling during those peak hour traffic times. These residents would be contributing to the economy but would not be over burdening the traffic. Howe asks if Medtronic would maintain its current location in addition to this new campus. Driessen says that they would only be maintaining the manufacturing space that is in the Colorado Tech Center. Diehl asks what the current assessment is for the level of community support for this proposal. Baukol says that he thinks it is high. He says he has received both positive and negative feedback. He mentions that he is impressed by the public's level of care and consideration, but thinks ultimately that the level of support is there. He says that typically the no's will be more vocal than the yes's, especially during these public hearings. His team has worked hard to address what the development wants as well as what the community wants though. Diehl asks if they agree with the findings of the fiscal analysis. Swisher says that they have not seen the full report yet and have only reviewed the summary tables.