City Council Minutes 1982 01 06 - Laserfiche WebLink

Home Browse Search

1/6/82 Page -3- ment should be deducted from the Centennial Valley Mall project, which came as a blow to Louisville Associates since it amounts to approximately 30 acres. Two maps were referred to showing the original land use plan and the State proposed land use plan, each member of council was given a copy. The approved land use plan provides for 1,000,000 sq.ft. - shopping center 600,000 sq. ft. - office space 718,000 sq.ft. - ancillary cOIMlercial (land around the shoppping center proper and west of 80th.) 685 - residential units (290 units proposed to be west of 80th 395 east of 80th) In order to make up for the loss of con~ercial land 685 residential units would be allowed. The revised land use plan recommended by the State 850,000 sq. ft. - shopping center 600,000 sq. ft. - office space 518,600 sq.ft. - ancillary commercial and provision for a 400 room hotel facility and 1,333 residential units - 648 more than previously approved, which is approximately 1.86 units per acre - 390 units west of 80th 943 units east of 80th Discussion held by Council on the golf course and residential aspects of the agreement. BILL SUITTS, 460 PARAGON DRIVE Advised Council that he and his family were three of the corporations that were originally participants in the annexation and zoning of the Centennial Valley plat of which the shopping center and ancillary uses is a portion. He has been a supporter of what Hr. Kahan and the Homart people have been planning and attempting to achieve. Being in the financial and mortage business he can appreciate the commitment that they are making with the 5.1 million dollars. From the outset Hr. Kahan stated he was interested in doing the Commer- cial aspect of the plan and basically extended to me a first right of refusal on the purchase and all development of residential sites to be developed in the Centennial Valley annex- ation. They certainly are in support of the proj ect.