City Council Agenda and Packet 1997 06 17

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Paul Wood, Planning Director, stated that transportation and open space dedication are the two key items staff was concerned with. Etkin Equities, Inc. submitted preliminary PUD plans for 185 acres in the Colorado Tech Center. Approximately 67 acres of the parcel are located in and would be a replat of the north end of Filing No. 1, with the balance being located immediately adjacent and to the east of existing Filing No. 1 extending to South 104th Street. They proposed to replat the northerly portion of Filing No. 1 maintaining an average lot size of 1 to 3.5 acres.. The average lot areas of the easterly portion of the plat will range from 3.5. to 5 acres, with the CB lots ranging from 11 to 24 acres in area. Uses for the business center were proposed as office /warehousing, commercial, and pure office uses. Issues raised by staff and forwarded to the applicant are attached. The open space dedication and the fulfillment of that obligation is still under review by staff and the City Attorney's office. Tom Phare, Public Works Director, pointed out that the CTC project is about 20 years old and an updated plan was being pieced together for the 90's. Some of the issues are the amount of improvement construction that would have to be done, Phase I, the timing, and comprehensiveness (there had been discussion about replacing 104th Street with a roadway located within the park itself to reduce an off -site cost to the developer, so they may have a double- fronted road for the project). They hoped that from the discussions of this project they can clarify the responsibilities of the City; and the property owners in the CTC District as to who would do what and when. He stated that there needed to be an additional access to the park, since the Cherry Street access to 96th Street is probably not doable. Davidson called for the applicant's presentation. Chuck Bellock, Community Development Group, 1400 28th Street, Boulder, Colorado, introduced Bruce Etkin. He stated that they had entered into a contract with Etkin Equities, a nationally recognized real estate organization based in Denver and Detroit. Bruce Etkin, 1551 Larimer, Denver, Colorado, stated that they had filed for a building permit for a 70,000 s.f building and they have two or three other buildings ready to go. He was there to answer any questions. Bellock explained that this PUD'will link the existing first phase property to a new access point on Hwy. 42, accommodate all of the needs that are created within the park and will also serve to alleviate some of the downtown traffic currently being routed through 96th Street. It will also create a strong, striking new image to the park as it accesses from Hwy. 42 directly. Higher end commercial and office users are being directed to the Hwy. 42 frontage creating an improved and upscale image. They will increase setbacks in that area and provide higher density to serve as a buffer from Hwy. 42. There will be a substantial commitment to street trees at 40' intervals with a sidewalk on one side. He pointed out that, if Council makes creating four lanes of 104th Street strictly CTC's responsibility alone, this project will not get off the ground. They felt it is more of a regional traffic problem requiring a regional traffic solution. They planned .on creating excess buffers to the buildings with 7