Planning Commission Agenda and Packet 2022 06 23

Home Browse Search

Planning Commission Meeting Minutes June 09, 2022 Page 4 of 14 Brauneis asks if there are other cities that have the 30%. Ritchie says she is unsure. Howe says if he was the developer and did the fee -in -lieu and then he raised his cost to tenants, how do we keep the existing tenants from being inflated? Ritchie says we do not have something in place that could cap those costs. Osterman asks at what point do the developers become involved in the process of reviewing or providing input so that this is more of a partnership. Ritchie says there has been no public outreach other than for the public hearing process but public outreach, such as the development community, will occur for the housing study. Krantz asks if it is correct that in order to reach the goal of 12%, we would need an additional 500 units. Ritchie says staff did not do an analysis of that gap. Krantz says if we required 12% and every new development decided not to do the fee - in -lieu but instead decided to build the buildings, that would mean there would be an additional 4,000 housing units. That would be a large increase in Louisville. Zuccaro mentions that staff are aware of this issue. You are not going to achieve your county goal or build your way out of the affordable housing shortage. It is also going to require acquisition of existing properties, which is one strategy in order to hit that 12% goal. If you go too high in the required percentages, the projects become economically infeasible and nobody is going to build them. A lot of this is done by private developers and through incentives. Krantz discusses and gives examples of the verbiage of the draft ordinance that she thinks could be problematic. Public Comment: Michael Deborski, 601 Pine St, Louisville, CO 80027 Deborski thanks staff and commissioners for what they do for the community. He mentions he is a local business owner and wonders how it affects his business. He discusses the use for his property and asks if the 30% would still apply to his property and use. He mentions that this could devalue the property. Joshua Cooperman, 216 Griffith St, Louisville, CO 80027 Cooperman says he is in favor of this amendment. He thinks it is clear that the county and city need more affordable housing and this seems like a good way to achieve that. He is unsure if the 30% is the correct number. The idea of this amendment is a good proposal. He is in favor of rezoning in order to allow the affordable housing. Closinq Statement by Staff Ritchie mentions that there are a few properties such as Mr. Deborski's that, when being redeveloped to a new use, must be rezoned to either the mixed -use residential or commercial mixed -use zone district. There are some existing properties besides Mr. Deborski's that this would also apply to. Krantz says in section 17.76.0504B, it does not have any specificity other than saying it will be done by the city manager. She suggests that the city do something periodically to account for inflation so that it is automatically increased by a specific amount. Zuccaro says the last section of that portion of the code would allow staff to increase the amount. He mentions he cannot remember why they decided not to have an