City Council Study Session Agenda and Packet 2004 02 10

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COUNCIL COMMUNICATION TO: FROM: MAYOR AND CITY COUNCIL WILLIAM A. SIMMONS CITY MANAGER DATE: February 10, 2004 SUBJECT: Discussion /Direction — Amendment to the Superior IGA ORIGINATING DEPARTMENT: City Manager's Office SUMMARY: The Town of Superior is requesting an amendment to the 1997 Superior - Louisville Intergovernmental Agreement to allow for multi - family residential uses as part of a 'town center' mixed use development on the Biella- Menkick property. Under the present terms of the IGA, no residential is allowed on this property. This matter was last discussed at the January 20, 2004 City Council meeting. At that meeting the Council suggested that the City Attorney and the Superior Town Attorney review and write a proposed amendment. This item is scheduled and advertised for the February 17, 2004 regular meeting. Subsequent to the meeting, Superior proposed language in response to Council comments. Upon review, Louisville City staff thought perhaps quantifying the minimum retail requirement for the parcel while still allowing for multi - family uses on the property might be a better approach as contrasted to language such as 'anchoring retail (or commercial) uses', or `Superior shall not permit development of other than retail uses on 34 acres of the south property'. Discussion ensued between the respective managers of Louisville and Superior. The typical density for retail uses in Superior's Comprehensive Plan is .25 FAR. A varying range of minimum retail (sales tax generating) square footage was discussed. Based on 34 acres, a .20 FAR (or floor area ratio) would require a minimum 298,000 square feet of retail to be constructed. Superior has stated that they would consider a 150,000 square foot retail requirement. This is approximately .10 FAR. Staff suggests that quantifying the minimum retail in the Agreement is the preferred way to structure the\amendment while accomplishing Superior's goals also. We seek Council input into this method. An amendment incorporating these concepts can be promptly prepared for the February 17, 2004 City Council meeting. E SUBJECT Discussion /Direction — Amendment to the Superior Intergovernmental Agreement AGENDA ITEM