City Council Minutes 1998 02 03 - Laserfiche WebLink

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NONE Davidson closed the public hearing and called for Council questions or motions. Howard moved that Council adopt Ordinance No. 1276, Series 1998, on second and final reading, seconded by Keany. Roll call was taken. Motion passed by a 7 - 0 vote. Davidson suggested vacating all other portions of the nonexistent alley that had not been vacated, as a "housekeeping measure". RESOLUTION NO. 3, SERIES 1998 FINAL SUBDIVISION PLAT AND PUD DEVELOPMENT PLAN - COAL CREEK BUSINESS PARK, REFERRED TO THE PLANNING COMMISSION ON JANUARY 6, 1998 Paul Wood, Planning Director, stated that this application had been sent back to the Planning Commission who reconsidered it at their January 22 meeting. The Planning Commission approved the Final Plat and Final PUD with nine conditions. The applicant had met those conditions. This resolution was forwarded to Council with the recommendation of approval with three conditions. The applicant noted on the PUD cover sheet and in their response letter that they agree to equitably participate in possible future interchange improvement funding for the McCaslin interchange. Bill Simmons, City Administrator, stated, concerning the McCaslin interchange recoveries, that through the IGA with Superior, the two communities are to work together to formulate a plan for the reconstruction of the McCaslin interchange. Different financing mechanisms are credits and sales tax and the possible formation of a special improvement district. Since the original wording on the PUD, there had been discussions with the applicant about revising the language (Simmons passed out revised language from the City Attorney.). Sam Light, City Attorney, stated that it is the City's intent to ask the owner to agree and acknowledge that this property would be benefitted by improvements to the interchange and therefore waive any objection they might have based on that issue. Davidson wanted language stating that those in Centennial Valley who have already paid $5 million up front, get credit for their share for their percentage of use. Sisk suggested adding additional language to the paragraph asking that the owner acknowledge the contributions previously made by Homart and refer to the agreement, so that they know that that is to cover for the Centennial Valley project. Davidson called for the applicant's presentation. Greg Armstrong, Vice President with Tramwell Crow Co., 7535 East Hampden Avenue, #650, Denver, Colorado 80231, reviewed the project. 3