City Council Minutes 1994 11 01 - Laserfiche WebLink

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Lorrie Brown, 1000 Grant Avenue, Louisville, Colorado, speaking for herself and three friends, stated that 104th being paved would save a tremendous amount of money for the City of Louisville. Terry O'Connor, 1480 Moss Rock Place, Boulder, Colorado, stated that he is a property owner and builder in the Colorado Tech Center. He is a board member of the CTC General Improvement District, but was speaking on his own behalf. He had reviewed the financial analysis provided by Mr. Bellock. He stated that there is no question that Knollwood presents a financial advantage to CTC, but there was a question as to how large it was and how long the advantage would be there. He asked Council, if they approve Knollwood, would they consult with the CTC property owners to mitigate some of the many difficulties that this project could create? Bob Motlong, 2601 South Quebec, Denver, Colorado, stated that all of THK's studies were just an attempt to make a silk purse out of a sow's ear. He felt there was a buffer problem, as 100' was not a large enough buffer area to keep little children from running and playing in the industrial area. He told Council they needed some small businesses around, not just high profile ones. Peter Maniatis, 2601 East 3rd, Denver, Colorado, objected to the exchange of a piece of land for certain zoning. He stated that he has over $1 million invested in the CTC are and that people have purchased their CTC land with the understanding that this is to be an industrial park, not residential. Wayne Monson, R.S. Wells Corporation, 6200 South Syracuse Way, Greenwood Village, Colorado, Contract Managers for the Colorado Tech Center Metropolitan District, stated that the District requested that Council deny the Knollwood rezoning, pointing out the negative recommendation from both Planning Commission and staff. The District was formed by the city to establish infrastructure and to encourage the development ora first class business park. The District is financially viable and has never been short on a Bond payment. It has restructured its debt, so that it is on a level debt service schedule, so that the existing mill levy on the existing property would amortize that debt as promised to the Bond holders. The District Board had serious concerns about the appropriateness of the land use, particularly for high-end residential. Also, the incompatibility of land use between the residential and commercial/industrial and that the buffers may not be significant in terms of the relatively flat typography of the site to make a meaningful separation between the industrial and residential. The District was concerned about the residential properties being within the CTC and the potential of those people having a greater number of votes in terms of the Tech Center with a different agenda. He asked Council that if they chose to pass the zoning, would they make a condition of that the de-annexation of the property from the CTC District. Sisk asked to be excused during Susan Metzler's presentation as he knew the family. Davidson excused Sisk. Susan Metzler, 839 Welsh Court, Louisville, Colorado, was speaking on behalf of Brian Alew and Charles Hurth, Jr., who are the owners of an industrial building located at 1500 Cherry Street in the Colorado Tech Center. Their building is rented to Data Display Corporation and Aspen Imaging, Inc. 10