City Council Minutes 2016 01 19 - Laserfiche WebLink

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City Council Special Meeting Minutes January 19, 2016 Page 10 of 25 Council member Loo inquired about the 104 units and the 306 total. Principal Planner McCartney explained the 306 units were derived by adding 104 units to their allowable 202 units on North Main. Earlier amendments adjusted the numbers in Steel Ranch South, which added 104 additional units. Steel Ranch South has a total of 306 units. 6) Please provide the assumptions for the fiscal model in a table (income, retail $/sqft, absorption year for retail, any modifications to capacity factors from the base, and so on). Staff's response: Attachment #1 (Foundry Fiscal Model Assumptions). 7) What is the impact to the general fund (revenue and expense) if the retail is occupied in year 3, 10 or never? Staff's response: Fiscal Model Attachments # 3 year, 10 year, 20 year (Cumulative Combined Funds Results — Fiscal Impact Model.) COUNCIL COMMENTS Council member Stolzmann stressed the importance of having the fiscal model for development projects. She stated her understanding the condo residents will spend approximately $276 per week in Louisville. When the household income is above the median, there is an assumption goods can be bought in Louisville. 8) Does the applicant own or have some right to design and rezone the Summit View subdivision? Staff's response: Yes, they own the property. 9) The drawings do not clearly depict intemal circulation on the site. Does the alleyish road that runs North South go through? Staff's response: The intemal roadway shown on the PUD is a private drive and provides access north, south, east and west. a. Is it a named street? Staff's response: No. b. Who is responsible for maintenance? Staff's response: The Developer. 10)The staff report refers to condominiums, which implies to me that the units being built are individually owned however I do not see the properties segregated on the plat Are these really apartments? Staff response: We have been told they are condominiums. The City of Louisville does not have a condo platting process. These are typically done through the County. 11)What guidance is there in the City Code regarding rezoning policy? Staff's response: This is a rezoning only in terms of modifying the General Development Plan (GDP) which is processed as a Planned Community Zone District (PCZD) as established in Section 17.72. This request is an amendment to an existing GDP. City Attorney Light commented on changing plans to address condos and noted it would be a legislative change to provide the regulatory authority on filing a condo plat, which would be a subdivision action. If the PUD is for apartments and there is a desire for