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<br />Planning Commission <br />Meeting Minutes <br />JULY 20, 2006 <br />Page 5 of 7 <br /> <br />Wood stated that a PUD would come forward as a preliminary and then a final. <br /> <br />Sheets discussed Condition 1.f and asked if the $23,300 fee is typical. <br /> <br />Wood stated that the fee was based on actual costs presented by the Public Works Department <br />and is within the context of the original subdivision agreement. <br /> <br />Applicant Presentation: <br />Rex Olson, 700 Front St., Olson Architect and Design Studio stated that he represents the owner <br />of the property. The owner is anxious to move forward. He continued by discussing the wording <br />of Condition l.b. He requested the following wording change: "... The fee would be based upon <br />a certified appraisal prior to the recording of the Subdivision Agreement. . ." He also noted that a <br />Subdivision Agreement was being worked on by City Staff and that he and the applicant will <br />continue to work very closely with staff to finalize the Agreement. <br /> <br />Commission Questions of Applicant: None heard. <br /> <br />Members of the Public: None heard. <br /> <br />Closing Comments of Staff and Applicant: No additional comments. <br /> <br />Public Hearing Closed / Commission Comments: <br />Sheets stated that she supports the approval and for staff to continue working on the Subdivision <br />Agreement. <br /> <br />Dalton, Loo, Pritchard, Hartman and McA vinew all stated that they support the approval as <br />presented by staff. <br /> <br />Lipton stated that he supports the approval because the Commission will see the PUDs as they <br />come forward as a preliminary and final hearing. <br /> <br />Roll Call Vote: <br /> <br />Dalton moved and Pritchard seconded a motion to approve Resolution No. 24, Series 2006 a <br />resolution approving a final subdivision plat for a three-lot residential subdivision with the <br />condition as presented by staff with the following change in wording to Condition 1. b <br />"Language shall be incorporated into a new subdivision agreement which expressly states the <br />amount of the cash-in-lieu fee for each lot. The fee would be based upon a certified appraisal to <br />be completed prior to recordation of the plat and subdivision agreement. The language shall <br />also contain an escalation clause intended to address inflation. Such language shall provide that <br />if any portion of the cash-in-lieufee is still outstandingfor Lot IA,lB, or IC as of January 3, <br />2008, then such payment shall be increased on an annual basis by the cost of the Denver- <br />Boulder CP 1. The agreement shall also state when the cash-in-lieu fee is due and payable to the <br />City. " <br /> <br />Name Vote <br />Jeff Lipton Yes <br />Chris Pritchard Yes <br />Susan S. Loo Yes <br />Gail Hartman Yes <br />Hank Dalton Yes <br />Michael Deborski Excused <br />