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DISCUSSION/DIRECTION - COAL CREEK RANCH FILING NO. 1 - OUTLOTS E & <br />F - IMPROVEMENTS AND MAINTENANCE ALTERNATIVES <br /> <br />John Franklin, Director of Community Development, explained that <br />the Council heard a proposal for a replat and a relinquishment of <br />property in Coal Creek Ranch, Filing #1, on February 18, 1992. The <br />purpose of the request was to allow some portions of outlots E & F <br />to be taken under private ownership and to allow for private <br />improvements, specifically landscape improvements. Council was <br />made aware that some portions of these outlots had already received <br />landscape improvements. The owners of the adjoining lots were very <br />interested in keeping those and/or improving their adjoining <br />properties. There are seven property owners including Steve <br />Baysinger. Staff had invited the lot owners and the Coal Creek <br />Associates to sit down and go through possibilities and <br />alternatives, as Council had indicated they might consider. Of the <br />several alternatives, the lot owners have two options. They have <br />indicated that they would like to pursue the purchase option. <br /> <br />Michael Lin, 683 Manorwood Lane, Louisville, CO. <br /> <br />Lin: <br /> <br />I am one of the seven owners that <br />are adjacent to outlots E & F. I am <br />representing six of the owners. <br />Steve Baysinger will speak for <br />himself. We would like to pursue <br />the purchase of the adjacent <br />properties, which is 13,500 sq. ft., <br />approximately 1/3 of an acre. All <br />easements would remain in tact. If <br />any of the property is sold in the <br />future, the new homeowner would be <br />responsible for maintaining it in a <br />similar appearance to all the other <br />land in the area. (There are <br />several references to charts - TAPE <br />IS AVAILABLE.) Maybe the developer <br />would be willing to dedicate <br />something else in place of this. <br />The typical dedication of land when <br />you're doing a development is 12%. <br />In the case of Coal Creek, it was <br />102 acres out of 225 acres, yielding <br />45%. This equates to 75 acres over <br />the normal amount of land. This <br />reduction of $13,500 per sq. ft. is <br />reducing the dedication by .3%, <br />which is a pretty small number. <br /> <br />Howard: <br /> <br />What you're asking is that the City <br />turn over public lands to the <br />private sector, which brings up the <br /> <br /> <br />