City Council Minutes 2012 01 03 - Laserfiche WebLink

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City Council Meeting Minutes January 3, 2012 Page 12 of 14 extent of any water seepage from the structure, consistent with the Subdivision Agreement. The proposed development supports a variety of residential housing types including single-family detached patio homes, along with attached products including townhomes and multi-family lofts. The applicant also submitted a complete fiscal analysis for the proposed development as required during the GDP Amendment. Most of Phase 1 obligations listed in the North End Subdivision Agreement have been met. They have received construction acceptance for all required public improvements, parks and trails from the City of Louisville. The only obligation remaining is the Hecla Reservoir improvements. A new Subdivision Agreement will be generated to govern this Final Subdivision Plat Amendment and PUD application. Staff recommended approval of the North End, Phase II Final Subdivision Plat Amendment, and Final PUD Plan with the condition that the applicant shall complete the Hecla reservoir improvements as stipulated in the original subdivision agreement. APPLICANT PRESENTATION Chad Kipfer, North End Project Manager, explained Phase I was successful and they are in the process of completing 75 properties. All of the homes are Energy Star rated and built to the design standards of Markel Homes. Phase II proposes a commercial component, 42 multi-family units and 53 single-family lots, with 25% of the project dedicated to open space. There will extensive trails around.the lake and additional trails and improvements to Hecla Dam. They plan to start the development in the spring of this year. He requested Council approval of the North End Phase II Development. COUNCIL COMMENTS Councilor Dalton inquired about the completion date for the Hecla Lake improvements. Mr. Kipfer stated the improvements to Hecla Lake would be concurrent with the public •improvements. They would be a part of the construction acceptance. Mayor Muckle inquired whether there is an expectation for Markel Homes to contribute to the HAWK signal at the intersection. Planning Director Russ stated there is not an expectative. Staff believes the land dedication for the trail systems meet the conditions of the subdivision regulations. Staff is approaching Boulder County and the City of Lafayette for the trails system. Mayor Muckle asked if Markel Homes will install the City's gateway sign. Mr. Kipfer stated it is their intention to dedicate the land for the gateway sign. It was noted the cost for a gateway is under$15,000, plus the cost of landscaping. Mayor Muckle stated the challenge will be the dam at Hecla Lake. Mr. Kipfer explained in 2007 Markel dedicated all the water rights and ditch rights to the City.