Planning Commission Agenda and Packet 2023 09 14

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Planning Commission Staff Report September 14, 2023 The development only has access to right -in right -out vehicular access limiting auto - oriented commercial viability. The City has looked at the possibility of adding additional full -movement access intersections along Highway 42 and South Boulder Road, but has found them to be too close to existing signalized intersections to function well and additional intersections are not supported by CDOT along Highway 42. This is despite a previously approved access plan for Highway 42 that assumed at least one additional signalized intersection connecting the Revitalization Area to Highway 42. The public interest for this rezoning is to spur redevelopment of the industrial areas around DELO in order to achieve the desired mixed -use environment and boost economic activity in DELO and Downtown. The property to be rezoned has previously been used for metal fabrication and cosmetics manufacturing but is currently vacant. Redevelopment of the property would support surrounding commercial development by reactivating this site and adding residences to the neighborhood. The site could also provide additional market rate and deed - restricted affordable housing under the City's Inclusionary Zoning Standards. Staff also notes that the Highway 42 Revitalization Area Comprehensive Plan Amendment envisioned mixed - use residential development adjoining Highway 42 in addition to commercial development, and specifically shows mixed -use residential development in the vicinity of the subject property. Highway 42 Revitalization Area Comprehensive Plan Amendment Development Scenario 1C j �• '� � - j . PROPOSE. II 0 AIM L. I I k RA 1E. 1I ATION ; r +� r s.a c -1 � L ' r� WA. IRI�,s1 1 AU X ED 1)1�VF.LOM %T MISER % 1111 r.) Niut�IIBoRiI1K) o REMAIN,$ I. NOl.�e�,l h"