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ORDINANCE NO. 1377 SERIES 2002 AN ORDINANCE EXTENDING THE TIME LIMIT ON APPROVALS OF CERTAIN FINAL DEVELOPMENT PLANS FOR COMMERCIAL PLANNED UNIT DEVELOPMENTS WITHIN DOWNTOWN LOUISVILLE WHEREAS, by Ordinance No. 1285, Series 1998, the City adopted time limits on the development of commercial planned unit developments (PUDs); and WHEREAS, by Ordinance No. 1287, Series 1998, and Ordinance No. 1341, Series 2000, the City established new off-street parking requirements for Downtown Louisville, as defined in Chapter 17.08 of the Louisville Municipal Code, and provided that such parking requirements may be met in whole or part by payment of a parking improvement fee; and WHEREAS, by Ordinance No. 1376, Series 2002, the City amended the off-street parking requirements for Downtown Louisville and adjusted the amount of the parking improvement fee; and WHERERAS, the City has previously approved certain final development plans for commercial PUDs for properties within Downtown Louisville; and WHEREAS, certain of those previously approved PUDs expire in 2002 pursuant to the regulations enacted in Ordinance No. 1285, Series 1998, and codified in Section 17.28.200.E of the Louisville Municipal Code; and WHEREAS, the City Council finds and determines that the development of those PUDs has been postponed in part because of the ongoing review of the parking improvement fee, which review resulted in the enactment of Ordinance No. 1376, Series 2002; and WHEREAS, the City Council therefore finds it is appropriate to extend the expiration date for certain previously-approved commercial PUDs within Downtown Louisville. NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF LOUISVILLE, COLORADO: ~. The City hereby extends for a period of three years the expiration date of any approved final development plan for a commercial PUD upon property within Downtown Louisville if such plan would otherwise expire in 2002 under the provisions of Section 17.28.200.E of the Louisville Municipal Code.