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• SUBJECT: 2012 COMPREHENSIVE PLAN FRAMEWORK <br /> DATE: DECEMBER 18, 2012 PAGE 14 OF 23 <br /> Community Values. The final phase, documentation, will take place next and culminate <br /> in the adoption of the Comprehensive Plan Update. <br /> ANALYSIS AND RECOMMENDATION <br /> Vision Statement and Core Community Values <br /> Staff evaluated five Development Framework Options against the City's endorsed <br /> Vision Statement and Core Community Values. In general, each of the five alternatives <br /> meets the intent of the Vision Statement and Core Community Values. However, it is <br /> important to note that Development Framework Options #3, #4, and #5 outperform <br /> Options #1 and #2 on a few Core Community Values related to the physical <br /> environment and economic considerations. The following summarizes staff's <br /> interpretation of the endorsed Vision Statement and Core Community Values with each <br /> of the proposed Development Framework Options. <br /> Option #1 — One Center— Option #1 meets the intent of the Vision Statement and Core <br /> Community Values. However, it is staff's interpretation that Option #1 falls short in five <br /> Core Community Values when compared to the three other Development Framework <br /> Options. <br /> A Sense of Community— Option #1 maintains the status quo related to a sense of <br /> community. This option serves Downtown Louisville and the Old Town neighborhood <br /> well. However, this option does not enable strategies to strengthen a sense of <br /> community for either the South Boulder Road Corridor or the McCaslin and Centennial <br /> Valley areas. One key element that can be improved is the number of residents leaving <br /> the City to work. Currently, only 10% of the City's resident population actually works in <br /> Louisville. This low "capture" rate increases commuting as well as increasing the total <br /> size of the community, and it may result in some people being less vested in the <br /> community. In order to strengthen the City's sense of community, a goal of the <br /> Comprehensive Plan should be to increase the number and proportion of residents who <br /> work in Louisville. All five Framework Options provide substantial employment <br /> opportunities, allowing over ten million additional square feet of industrial and <br /> commercial properties. However, Option #1 limits the livability of the City (by limiting <br /> the allowed urban character to the northeast quadrant) and the diversity of the housing <br /> stock more than the other four alternatives being considered. <br /> Our Livable Small Town Feel— The physical condition of the City is a key measure in <br /> maintaining the small town character of the City. Option #1 (and Option #2) provides no <br /> opportunities to change the physical character of the McCaslin Corridor and Centennial <br /> Valley area to become more walkable and physically compatible with the rest of the <br /> City. <br /> A Healthy, Vibrant, and Sustainable Economy— Option #1 provides the least guidance <br /> for the continued private investment and reinvestment in the South Boulder Road <br /> CITY COUNCIL COMMUNICATION <br />