Revitalization Commission Agenda and Packet 2021 10 13

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Revitalization Commission Minutes September 8, 2021 Page 2of6 Interim Planning Director Lisa Ritchie provided an update on the status of the Coal Creek Village property, formerly called Coal Creek Station. Markel Homes submitted an application for a Preliminary PUD and Plat earlier this summer to allow redevelopment on the property. They propose 185 residential units in a mix of product type along with commercial development along South Boulder Road. Public hearings may occur later this fall or winter. Chair Adler inquired as to whether tenants have been identified for the project. Ritchie replied that staff had not yet heard of any tenants and assume that the applicant will continue to work on that as the project moves forward. Commissioner Tofte inquired about the amount commercial space in the development. Commissioner Leh noted that as a Councilmember, he is recusing himself from the meeting due to quasi-judicial limitations on discussions of pending applications. Council member Fahey, an attendee of the meeting, also recused herself. Ritchie replied that the applicant and staff are looking at additional options to expand commercial square footage along South Boulder Road, including shared parking and parking reductions. Economic Vitality Director Megan Pierce introduced Austin Brown, Economic Vitality Specialist, saying he will be a great addition to the Department. Business Matters of Commission: • Resolution 21-08: Cooperation Agreement for Funding Utility Undergrounding at State Highway 42 and Griffith Street Director Pierce noted this item is before the LRC for final approval. A $170,000 contribution for undergrounding at Hwy 42 and Griffith Street is in the 2021 budget. She noted staff recommends a slightly higher amount than what was in the budget to allow for contingencies: a not -to -exceed amount of $187,000. The Cooperation Agreement was approved by City Council on July 27. Commissioner Smith submitted a comment noting his approval of a 10% contingency. Councilmember Leh indicated the item will also come before Council again on October 21. Chair Adler called for Public Comment — none. Commissioner Tofte asked if there is a timeline for the project. Director Pierce said they are working on easements but that she has been told this fall is feasible for the project. Agenda Packet P. 4