Planning Commission Minutes 2022 09 08

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Planning Commission Meeting Minutes September 08, 2022 Page 5 of 13 Applicant Presentation: Jeff Baukol, Brue Baukol Capital Partners Baukol begins his presentation by giving an overview of who their company is. We are a company made up of Louisville/Superior locals who grew up here or live minutes away and have had kids who went to Goddard Pre-K and Monarch. We specialize in creating much needed housing opportunities, and developing or redeveloping mixed - use, commercial projects along major transit corridors. Our projects have received industry and national recognition for sustainability, preservation, and design innovation. Our professional reputation depends on building to the highest standards of quality and care. Our partner is Sterling Bay. They are a vertical partner in the project, providing the management and funding toward development of the entire Redtail Ridge project. They are a vertically integrated, developer/owner operator known for innovative approaches to place making and environmental sustainability. They also have deep expertise in delivering state-of-the-art facilities designed for next -generation research and customized wet lab and industrial space. They have a national portfolio including a development of Google's Midwestern headquarters and life science campuses in California and Chicago, totaling 57 properties owned across 14 states. He discusses the site history. The following is StorageTek throughout the years: • 1970 - 2005: An active campus • 4,800 employees and 12,400 daily car trips • Private campus: no public use or access • Created significant economic stimulus for Louisville's economy and greatly benefitted small businesses. • Many StorageTek employees moved here and helped make Louisville "A Best Place to Live." The Parks Board had a unanimous approval on May 5, 2022 and on June 8, 2022, the Open Space Advisory Board (OSAB) had a unanimous approval with conditions as mentioned by staff. We share the same values on sustainability, habitat preservation and restoration, and conservation. We are proposing the single largest public land dedication in Louisville's history that does not include land for golf courses. Over three years of negotiations, we have demonstrated commitment to finally enable open and public access. He shows the commission what is new in the plat and reviews OSAB approved open space configuration. It has been approved twice by OSAB. It is the second largest public land dedication ever made in Louisville (Coal Creek's dedication included 90 acres of developed golf course out of 227 acres total). It keeps the superior placement, quality, acreage of 107+ acres of open space, parks, and trails. It also includes 16.55 acres dedicated to parkland per PPLAB guidance. The donation is valued at more than $54 million. He then shows an image in his presentation displaying a comparison of the previously approved vs current proposal as well as showing a comparison of the open space donation.