Planning Commission Agenda and Packet 2022 09 08

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SUMMARY: The Planning Commission continued this hearing from the August 11, 2022 following the staff presentation and requested additional information from staff and the applicant on several items summarized in this report. The following is a link to the August 11, 2022 meeting packet. https://www.louisvilleco.gov/home/showdocument?id=35928&t=637953180674610029 The applicant is proposing a Preliminary and Final Subdivision Plat to develop the property under the standards of the ConocoPhillips Campus General Development Plan (GDP), which the City approved in 2010, and allows approximately 2.5 million sq. ft. of commercial and office development on the 389-acre property. A Final Subdivision Plat creates lots, tracts, rights of ways, and easements to enable development of the property, and includes a Subdivision Improvement Agreement for the construction of public infrastructure. The proposal includes dedication of several tracts of land to the City for a park, open spaces, trails and a public safety facility, totaling 107.9 acres within the development boundaries. The proposal also includes a dedication of additional 47.4 acres of land for open space use located north of the project in Boulder County around Paradise Lane. Staff has included an updated resolution recommending approval to the City Council with an additional condition No. 9 that addresses the designation of the 18-acre Tract L, located on the southwest side of the property adjacent to US 36 and 88t" Street, as Private Common Open Space rather than publically dedicated land (see Attachment No. 1). Staff has also attached all public comments not included in August 11, 2022 packet (see Attachment No. 2). The attachment includes all public comments presented as a supplement at the August 11, 2022 meeting and comments received after the meeting. Public comments provided with the August 11, 2022 packet can viewed at the link above, under Attachment No. 14. COMMISSION INFORMATION REQUESTS: A summary of the Commission's questions and requests for information are in italics and underlined below followed by staff's response. Request for analysis of the development using the City's fiscal impact model with an assumption of a non-profit hospital included in the buildout The City's fiscal model is intended to estimate anticipated revenues and expenditures by City fund over a 20 year period based on assumptions about the development type and buildout timeframe. The model takes into account anticipated revenues from use tax, property tax, employee and resident spending, and estimates City costs to maintain public infrastructure and provide services to the development at a consistent service level that exists today. Redtail Ridge Prelim/Final Plat Page 2 of 15 PC — September 8, 2022 14