City Council Minutes 2006 12 05 - Laserfiche WebLink

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City Council Meeting Minutes December 5, 2006 Page 14 of 21 portion of the North End at Paschal Drive is 30 acres in area and is adjacent to the west edge of Hecla Reservoir. The total land holdings of the applicant/owner (73 acres) is comprised of two parcels located on either side of a 4.5 acre City-owned parcel dedicated by a previous subdivision for parks and open space purposes. To the west of the City- owned parcel is a 30-acre parcel, which was annexed to the City in 1989 as a part of the Louisville North Annexation. To the east is a 43-acre parcel, which was originally annexed to the City as a portion of a larger annexation in 1978. The applicant is requesting authorization of the required land-use entitlements to combine the two parcels for the phased development of a residential and commercial development. The four planning areas reflect a residential allocation of a total of 350 residential units. The development proposes a diverse range of residential product types in conjunction with a total of 65,650 square foot of commercial retail vs. the 43,700 square feet represented on the preliminary. Hecla Reservoir and its surrounding natural habitat are proposed as a public land dedication to the City of Louisville. The final North End submittal incorporates a General Oevelopment Plan for the entire 73 acres, which will establish all land use entitlements for the project. The final subdivision plat addresses the E~ntire 73 acres with respect to the conveyance of 100% of the public use dedication requirements, but only Phase I with respect to platting lots for conveyance. Consistent with the final subdivision plat, the final PUO development plan reflects only Phase I of the project. Public-Use Dedication. The subdivider is required to dedicate to the City a minimum of 12% of the land for non-residential land uses and 15% for residential land uses for the use of parks, schools and other public uses as determined by the City Council. The North End is approximately 73 acres in total land area therefore the 15%, dedication requirement the public-use dedication requirement is 11 acres. Hecla Lake Dedication. The proposed public-use dedication includes the Hecla Lake, the surrounding habitat amenity, and the necessary trail corridors to provide pedestrian connectivity between the neighborhoods and Hecla and beyond to Waneka Lake in Lafayette. Hecla Lake is approximately 5.1 acres in area. The westerly portion of the lake was previously dedicated to the City in 1991 in conjunction with the Louisville Plaza Filing NO.2 Subdivision. The Planning Commission supported the dedication of Hecla Lake, based upon review of that resource by the Oepartment of Land Management and the Open Space Advisory Board. Hecla Lake will conserve the natural features and values associated with Hecla Lake and it incorporates nearly the entire 150-foot setback for development from the lake, which was requested previously. The lake and