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Section 3. <br />The definition of “site specific development plan” set forth in <br />Section 17.54.020 of the Louisville Municipal Code is hereby amended to read as <br />follows (words to be added are underlined): <br />Sec. 17.54.020.Definitions. <br />Site specific development plan means and is limited to (a)a <br />planned unit development (PUD) final development plan submitted <br />pursuant to Chapter 17.28 of this Title, which plan may be <br />accompanied by a non-administrative special review use request <br />submitted pursuant to Chapter 17.40 or 17.42 of this Title, or (b) a <br />planned unit development (PUD) preliminary development plan <br />submitted pursuant to Chapter 17.28 of this Title, but only if and to the <br />extent provided in a vested rights agreement approved and executed <br />pursuant to section 17.54.090 of this Title.No other type of land use <br />application shall be considered a site specific development plan. <br />Section 4. <br />Section 17.54.030.C of the Louisville Municipal Code is hereby <br />amended to read as follows (words to be added are underlined): <br />Sec. 17.54.030.Creation--Notice and hearing. <br />C.No site specific development plan shall be approved until <br />after a city council public hearing, preceded by notice of the hearing <br />published at least once in a newspaper designated by the city for the <br />publication of notices. The notice shall be published by the city at least <br />15 days prior to the city council hearing date and may, at the city’s <br />option, be combined with any notice required for the PUD final or <br />preliminarydevelopment plan or with any other required notice, or may <br />be given separately. Interested persons shall have theopportunity to be <br />heard at the hearing. <br />Section 5. <br />Section 17.54.090 of the Louisville Municipal Code is hereby <br />amended to read as follows (words to be added are underlined): <br />Sec. 17.54.090.Rights by agreement. <br />The city councilin its sole discretionmay enter into agreements with <br />landowners providing that property rights shall be vested for a period <br />exceeding three years, or that property rights shall be vested for <br />provisions of a planned unit development (PUD) preliminary development <br />plan, or both,where warranted in light of all relevant circumstances, <br />including, but not limited to, the size and phasing of development, <br />economic cycles, and market conditions. Such agreements shall be <br />adopted as legislative acts subject to referendum. <br />4 <br /> <br />