City Council Minutes 2007 04 04 - Laserfiche WebLink

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City Council Meeting Minutes April 4, 2006 Page 6 of 9 Planning Area #1 of the Takoda General Development Plan reflects the proposed land uses as being a mix of residential and commercial. The easterly portion of Planning Area #1 is not consistent with the Comprehensive Plan. The Comprehensive Plan reflects the easterly 5 acres of Planning Area #1 be designated as a multi-use public park. The Comprehensive Plan reflects the preferred land use would be a 10 acre multi-use park. The northerly five acres of the park would be located on the Wood/Lorenz property which is already annexed and has underlying zoning entitlements. Staff recommended the City not pursue a multi-use park as reflected in the Comprehensive Plan as it was determined there is no parcel on the subject property to be of high habitat or resource value. It was recommended the public use dedication be utilized to create greater local and regional trail connectivity and the provision of pocket parks throughout the 32-acre parcel with the exception the proposed trail segment next to the BNSF rail be realigned so as not to parallel the railroad tracks. Another reason Staff recommE!nded not pursuing a multi-use park on the Takoda parcel was it would displace valuable commercial office and retail land area located adjacent to Highway 42. In order to assemble the ten acres needed for the multi-use park an additional five acres would be required from the property owners to the north portion of the Wood and Lorenz properties. Fiscal Analysis: Economic & Pllanning Systems provided a summary of a fiscal analysis for the 32.4 acre parcel, which was based on the estimated number of residential units and estimated commercial square footage shown on the proposed Takoda GDP. As thB GDP reflects an estimated number of residential units and square footages, the actual numbers may change based upon the future submittal of a subdivision plat and development plan for the subject parcel. The Planning Commission held a public hearing on February 8 and forwarded a recommendation of support for the proposal. They found the request was in compliance with the policies of the Comprehensive Plan, and felt an amendment to the Plan, with respect to the park designation, was not necessary. Rick Brew, RMCS, LLC, 4535 N. Broadway, Boulder, CO, stated he was available to answer Council qUl9stions. Mayor Sisk requested public comment. There were no comments. Council member Marsella reqUi9sted clarification on the fiscal analysis, which estimated 54,000 SF of commercial, but only 10,000 SF in retail. Andy Knudtsen, Economic & Planning Systems Inc, 730 1 th Street, Denver, CO stated his firm did the fiscal analysis in comparison with the City's commercial