City Council Agenda and Packet 2000 12 05

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Louisville City Council Meeting November 8, 2000 Page 5. negotiations process between the parties. He stated they have tried to find a solution that meets the important issues to 1:he City. He noted that there was a meeting held in the City Administrator's office and a possible solution was suggested. The proposed solution would reduce the density from a I0 lot to a 5 lot subdivision and sell the remaining 5 lots at a discounted market rate. Frorr~ this amount they would subtract all the associated development costs. Sparn stated that in response to the proposed solution, Mr. Simmons stated that the City was not interested in the property and no counter offer was made. He noted Mr. Simmons' statement that the City has never paid more than forty thousand dollars an acre for open space. Sp;arn stated that they have reassessed the issues of the lot size and traffic impact and propose a cul-de-sac at West Walnut, with three additional lots served by a private drive. It vvould be located on the eastside of the Fischer house with a 25' right-of-way and would not be connected with the other portion of the development. He noted that 1:5% will be dedicated as open space and the balance offered to the City for purchase of open space. He reiterated the applicant's willingness to accomplish awin/win situation and work with the neighborhood. Scott Scarbaugh, Fischer Farms LLC, 1823 Canyon Boulevard, Boulder, CO, stated that the applicant has contacted as many neighbors as possible and have planned future neighborhood meetings. He stated that he is encouraged by the response and looks forward to discussing the issuers with the neighbors. He noted that the current proposal includes an open space acquisition for the City. Scarbaugh summarized the proposal; 5 lots on the Walnut Lane extension and 3 additional lots serviced off a private drive with a specified 25' utility access eas~eme;nt located on the east of the existing Fischer home. He noted that reducing the size of the lots allows more compatibility with the surrounding neighborhood and more dedicated land for open space purposes. It proposes 8 new units plus the Fischer home. He asked for a commitment from the City to maintain the open space in a fashion that is consistent with the neighborhood process. He urged to Council to approve the annexation with the; specified conditions. PUBLIC COMMENT Fred Banta, 370 W. Spruce Lane, :Louisville, CO asked that there be more dialogue between the parties. He addressed. two issues, the character of the property and the proposal on the table this eventing. He reviewed the character of the property, which was ranked moderate to low in desirabiility in the Open Space inventory. The inventory prioritized the desirability of the open space within Louisville and addressed the maintenance and management of t:he land. Banta noted that the Fischer property did not make the top ten desirable properties for open space. With respect to the new proposal, Banta stated that it reflects consideration to the neighbors, a reduction in the number of houses, and a change in the traffic patters. Banta noted that the proposal as presented by 5