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be a combination of roadway, open space, and land use changes; therefore, it was not <br />called W470. The first agreement was a four-year agreement that was signed in 1991, and <br />lapsed in 1995. There have been subsequent negotiations off-and-on, however, no <br />agreement could be reached. In November 1997, Broomfield City Councilman Clark <br />Griep contacted Mayer in an effort to move things forward. They met informally, along <br />with Commissioner Ron Stewart, to consider what a new agreement might be. In return <br />for allowing the road to be built, the agreement was made to preserve land as much as <br />possible in its current character. Griep, Stewart, and Mayer knew from their participation <br />on the Regional Transportation Task Force that US 36 would not be able to handle all the <br />potential development in the area. There is also tremendous imbalance between <br />commercial development and residential development in Boulder County. It was <br />determined that preserving commercial development in its current state or turning it into <br />open space would result in a more equitable situation, especially for transportation <br />demands. In early 1998, the preliminary information was presented to Mayor Davidson, <br />who in turn contacted Mayor Bill Berens of Broomfield to begin formal negotiations. <br />Each party to the agreement has various interests they would like to see preserved. <br />Louisville's main interest was not having 96th Street going into Front Street overwhelmed <br />by traffic from development in south Broomfield. Broomfield was in favor of the road <br />because it was part of their transportation master plan. Boulder County felt it was very <br />important to preserve the rural areas. Lafayette had a very strong interest in finding an <br />interchange at Hwy 287 and Dillon Road to provide commercial development <br />opportunities for them. A previous northwest parkway agreement between Broomfield, <br />Lafayette and Boulder County routed the road to Dillon and Hwy 287. He stated that <br />StorageTek is contributing land in this agreement, as they have provided 40 acres as city <br />preservation for Broomfield. He expressed sympathy for residents of Paradise Lane who <br />want their land buffered from any possible future development of StorageTek. The <br />agreement calls for StorageTek to provide almost 20 acres of open space to the City of <br />Louisville. He suggested that the land between StorageTek and Paradise Lane be <br />dedicated as open space to provide a buffer to those residents. He asked to respond to <br />Tom Ragonetti' s comments regarding land rezoning. He stated that the City of Louisville <br />is committed to providing fair compensation to the difference in change of zoning, even <br />though he did not believe they are required to do so under Colorado law. Mayer disagreed <br />with Ragonetti's assessment on the land's value. He stated that there have been no formal <br /> th <br />engineering studies completed on 96 Street. Preliminary studies have shown that the <br /> th <br />likely connection for 96 Street to HWy 42 would come just below the InKeeper Storage. <br />This connection is important for Louisville as traffic studies completed by Broomfield <br /> , th <br />were showing traffic volumes in the low 30,000 s coming north on 96 Street. He <br />explained that while he personally would be open to reviewing alternative alignments <br />versus having the road cut through Rock Creek Farm, during negotiations when the road <br />was routed through another entity's preserve, the parties deferred to that entity. He asked <br />if the individual who spoke earlier as a representative of the Wood property would be <br />available to answer questions. <br /> <br />Susan Wood Hudson agreed to answer any questions Council might have. <br /> <br />11 <br /> <br /> <br />