Planning Commission Minutes 2015 04 09

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Planning Commission Meeting Minutes April 9, 2015 Page 11 of 27 ■ The commercial portion of the development shall provide a parking space for every 500sf of the floor area rounded to nearest 500 sf. ■ The residential portion of the development shall adhere to the following: - 1-bdrm unit min: 1 space per unit; max: 1.25 spaces per unit - 2-bdrm unit min: 2 spaces per unit - 3-or-more-bedroom unit min: 2 spaces per unit ■ A parking requirement waiver may be requested when a demonstrated shared parking analysis is provided. ■ The parking requirement is waived for Louisville Landmarked structures with approved alteration certificate. o Commercial Community (CC) zone district shall comply with: ■ Outside of Downtown - Commercial Development Design Standards and Guidelines (CDDSG). ■ In Downtown — The Downtown Handbook Staff Recommendations: Resolution No. 13, Series 2015, recommending City Council approval of an ordinance amending the Louisville Municipal Code (LMC) to define Live -Work uses and allow their development in the Community Commercial and Mixed Use Zone Districts throughout Louisville with two conditions. 1. The draft ordinance shall be modified to allow Live -Work in the area defined as Downtown Louisville and the Mixed Use Zone District. 2. The draft ordinance shall be modified to add a note in the parking requirements stating "the parking requirement is waived for Louisville Landmarked structures incorporating Live -Work." Commission Questions of Staff. - O'Connell makes motion to enter emails from Peter Stewart, Thursday, April 9, 2015, and revised Resolution No. 13, seconded by Brauneis, voice vote, passes. Rice asks from a property tax standpoint, using commercial property both in a commercial and a residential style, how does that affect the classification for purposes of property tax? Russ says he doesn't know, but he would refer that to the City Finance Director. The Finance Director was referred this project and he felt comfortable with the ordinance that he could implement it. Russell asks if there is an expectation that requires there be a connection between who is living there and who is working there? Russ says there is not in this ordinance. In theory, the intent is the shop -owner lives and works in the same site. In reality, that may not happen. There is a condition that it shall not subdivide. A number of scenarios could be owner on site, rents out commercial, or rents out residential and works on site, or rent out both. Only one owner. Russell asks what is the ordinance trying to accomplish? Russ says it gives a tremendous economic value to the smaller lots of Downtown. On long narrow lots, you can retain a smaller scale investment and give economic value. There is a strong demand for single family. It is lower demand on the school district than multi -family. It gives the economic value of residential but commercial remains. Downtown's unique commercial storefronts, being the scale they are, will be able to get incentives for preservation.