Planning Commission Minutes 2015 01 08

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Planning Commission Meeting Minutes January 8, 2015 Page 6 of 23 BCHA development is estimated to result in approximately $150,000 in ongoing annual revenue to the City and to generate approximately $264, 000 ongoing annual expenditures. The result is a net fiscal on -going operations balance of negative $114,000 annually. There is expected to be an annual recurring revenue stream of $29,000 from sales tax revenue that is dedicated to capital projects, open space, and historic preservation. Therefore, the total net on -going fiscal balance will be negative by $85,000. The proposed development will have a net negative capital impact based on the model factors. The development will impose $2,104, 000 upon the City in demand for new capital investments. The project is estimated to generate $1,340,000 in one-time revenue. Thus, the net fiscal balance provides a one-time capital negative impact of $764, 000. Although there is not a large retail component to this project, EPS believes it will have a positive impact on the Christopher Plaza commercial center at the northwest corner of South Boulder Road and Hwy 42." Additional outside communication: Email to Planning Department from Alexandra Bradley received on Wednesday, January 7, 2015 regarding BCHA Annexation and Rezoning Application. Motion made by Brauneis to enter email into the record, seconded by Moline. Passed by voice vote. Commission Questions of Staff. Russell asks about Hecla and whether there is a traffic signal there. Russ says there is no traffic signal at Hecla at this time. It is a T-intersection. Tengler asks about Planning Area A being zoning commercial, not commercial/residential. Has this changed. Russ says in GDP, it should be Commercial/Residential. Last minute fixes to the GDP and the Staff Report may not have reflected it in the graphic referenced. Tengler asks about fiscal analysis. At what point does Staff think a negative fiscal balance would have impacted the decision for approval. Russ says it is not sole determinate of any development. This is BCHA coming with a proposal. Staff recognizes the diversity of affordable housing. Brauneis asks about LES enrollment projection. The 106% projection is concerning but he assumes this is projection unabated. The discussion with City Council and BVSD will hopefully address this projection. Russ says should the possibility of the projections materialize in the future, BVSD has several actions that they can take to meet it. Old Town Louisville is difficult for BVSD to understand. Moline asks about public land dedication, is there a park site or trail corridor the Comp Plan identified for this location that the community and staff would want? Russ says there is the number of plans for the trail corridor (Lake to Lake Trail). Louisville has a partnership with Boulder County Transportation to set aside $600,000 for an underpass at Highway 42 at the northwest quadrant of this parcel. The Comp Plan does not identify a park location. Moline says this development has to be amended and added to the Takota GDP. Did the Takota GDP have a limit on number of units? Russ says it had a maximum. This property is too small to come in as an independent GDP so it needs to be attached. It could have been attached to the Alvenus GDP (Balfour) or Takota or Steel Ranch South. Staff thought the Takota was best. Moline says although this is added to Takota GDP, does it not need to abide by unit limits? Russ says it can be viewed as an amendment to that GDP particular to this parcel. O'Connell asks if any of the adjacent property owners had any objections. Russ says he has not heard of any objections.