Open Space Advisory Board Agenda and Packet 2022 07 13

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Highway 36. The applicant is also newly proposing to preserve 47.4 acres north of Campus Drive, which is in unincorporated Boulder County. The applicant wasn't able to offer a site visit for OSAB since the City attorney felt it raised legal issues, so they showed videos taken from Disk Drive and Tape Drive, as well as photos and site plans demonstrating hardscape trails and soft-scape trails. The existing lake in the NE corner of the property will be expanded. Fiscal analysis prepared by a consultant estimates City revenues and expenses at development phases are built. A detailed spreadsheet can be found in the agenda package. Best estimates include: $49 million in revenue; $25 million in expenditures; $23 million in net revenue; approximately $1 million net revenue per year; and $3 million for the City to build a 16-acre park. Helen: where is the density determined? Rob: Density cap: floor area max 2.5 m sf. City will track square footage PUD by PUD, and the developer wouldn't be able to go above that total. Modeling very little sales tax, most revenue by use tax (construction tax, equipment and furniture purchase), property tax is $2.6 million over 20 years projected for open space. Given gross land area (389, 37.4% in BC, 35.6%, 40.9% with Broomfield portion). Charles: What's the difference? Rob: Same except for 10 acres less of unspecified land requested by City Council for previous GDP. David: Is OSAB able to vote on the additional 47.4 acres? Rob: Yes, consider it a dedication of public -purpose land. Helen: Changes in the GDPs in the other developments provided as examples. Can the City amend GDPs? Rob: No. An applicant can request a change. All were initiated by the property owner. Geoff Baukol: He's lived in Superior for 22 years, his wife grew up in Boulder, his kids go to Monarch. StorageTek owned the property from 1970-2005. It had 4800 employees and 12,400 daily car trips, at its private campus. In 2008, ConocoPhillips, demolished the prior structures over two years. The property has been dormant since 2010. The 2010 GDP remains in effect. The Applicant submitted a revised GDP which was approved by City Council in September 2021, but rejected by city voters in April, 2022. Jay Hardy grew up in Spanish Hills. The 2022 plat changes they're proposing represent the largest public land dedication in Louisville (without a golf course). They've added another 18 acres along US 36 to create a buffer zone. They have also added 47.4 acres in unincorporated Boulder County that connect to the north. Compared to the original ConocoPhillips GDP, the applicant is offering more open space, better view corridors, more trails. Applicant had the option of submitting another revised GDP, but elected not to do so and proceed under the previously approved 2010 GDP as was its right. This plat contains four times as much open space as required. Geoff talked about the 2020 OSAB site tour, after which OSAB gave unanimous approval for the proposed revised GDP. He detailed their sustainability commitments and how they would be finalized during the PUD process. The proposal now includes 205 acres of connected open space with the addition of the new north piece.