Library Board of Trustees Minutes 2007 03 15

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Library Board of Trustees Meeting Minutes March 15, 2007 Page 2 of 4 Following are the highlights of the presentation: 1) The population of Louisville is highly educated and aging, with a large number of residents moving into their 50s and 60s. It is estimated that the City will grow from its current 19,000 residents to 23,000 over the next 20 years. Approximately 1600 residential units comprise the total buildout in that timeframe. Approximately 10% of the new residential units are to be categorized as affordable housing. 2) The Highway 42 revitalization plan encompasses residential and commercial development. Markel Homes will begin construction on a 70-acre site near South Boulder Road, east of Highway 42. A mix of housing types will comprise the 350 residential units planned for this area. The next phase of residential development will be on the west side of Highway 42 near South Boulder Road, should begin in approximately 5 years. Total buildout in these two areas is 720 residential units. 3) A primary focus of the Highway 42 revitalization plan is to accommodate a light rail platform and support the transit corridor with residential and commercial development. The City anticipates a moderate increase in density in this area. Design considerations will reflect the downtown and Louisville character. 4) The Colorado Technology Center is experiencing significant growth, with many existing businesses building to expand their facilities in the area. Currently there are approximately 13,000 employees in the CTC, with a maximum at buildout of 21,000. There are still 2 million square feet available for buildings. 5) The Sun Microsystems campus comprises 400 acres. Sun will likely maintain some property and there will be a small residential development near the hospital. 6) There is no additional area of "Big Box" development planned for Louisville. If Home Depot or Lowe's were to close their locations at McCaslin & Dillon roads, a big box retailer could locate there. This area is also slated for a bus rapid transit (BRT) platform. B. Bylaws Revision - Meeting Notices Items 4 and 5 of the Board of Trustees Bylaws stipulate a minimum 24-hour notice for public meetings. The City's Open Records requirements now stipulate that notice of public meetings be posted at least 72 hours prior to the meeting. These items will be changed prior to the next meeting.