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ORDINANCE NO. 1864 <br />SERIES 2023 <br />AN ORDINANCE APPROVING A REZONING OF LOT 10, BLOCK 1 AND OUTLOT 1 <br />OF DELO LOFTS FINAL SUBDIVISION PLAT FROM COMMERCIAL COMMUNITY <br />(CC) TO MIXED -USE RESIDENTIAL (MU-R) AND APPROVING AN AMENDMENT TO <br />EXHIBIT A, LAND USE PLAN EXHIBIT, REFERENCED IN LOUISVILLE MUNICIPAL <br />CODE CHAPTER 17.14 — MIXED USE ZONE DISTRICTS <br />WHEREAS, Courtesy Road Partners LLC is the owner of certain real property <br />described as Lot 10, Block 1 and Outlot 1 of DELO Lofts Final Subdivision Plat; and <br />WHEREAS, the land owner has requested rezoning of the property from <br />Commercial Community (CC) to Mixed -Use Residential (MU-R) and an amendment to <br />Exhibit A, Land Use Plan Exhibit referenced in Louisville Municipal Code Chapter 17.14 <br />— Mixed Use Zone Districts; and <br />WHEREAS, the Louisville Planning Commission has held a public hearing on <br />September 14, 2023 to review the proposed rezoning, has provided notice of the public <br />hearing as provided by law, and has forwarded a recommendation to the City Council to <br />approve the rezoning and amendment to Exhibit A, Land Use Plan Exhibit; and <br />WHEREAS, the City Council held a public hearing on October 17, 2023 to review <br />the proposed rezoning and has provided notice of the public hearing as provided by law, - <br />and <br />WHEREAS, the City Council finds that the rezoning and amendment to Exhibit A, <br />Land Use Plan Exhibit are consistent with Louisville Municipal Code Sec. 17.44.050.A.2, <br />Declaration of Policy for Rezoning, which states that the area for which rezoning is <br />requested has changed or is changing to such a degree that it is in the public interest to <br />encourage a redevelopment of the area; and <br />WHEREAS, the City Council finds that conditions of the property have changed <br />including potential market feasibility of commercial -only development on the parcel and <br />changes to vehicular access plans that are not supportive of highway -oriented <br />commercial development; and <br />WHEREAS, the City Council finds that it is in the public interest to support <br />redevelopment of the property which is located in the Highway 42 Revitalization Area and <br />rezoning of the property will support the goal of the Urban Renewal Plan to reduce, <br />eliminate and prevent the spread of blight, to stimulate growth and redevelopment, and <br />promote appropriate land uses. <br />Ordinance No. 1864, Series 2023 <br />Page 1 of 4 <br />