Planning Commission Minutes 2006 04 13

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Planning Commission Meeting Minutes APRIL 132006 Page 9 of 15 ~ Resolution No. 13, Series 2006, Colorado Technology Center, Filing No.2, A final planned unit development (PUD) development plan to extend the expiration date of the previously approved PUD for the Colorado Technology Center, Filing NO.2. Lots 1-16, Colorado Technology Center, Filing NO.2. Case #06-007-FP. . Applicant, Owner and Representative: CTLC Investors, LLC, Jon Lee . Case Manager: Paul Wood, Planning Director Public Notice Certification: Published in the Daily Camera on March 26, 2006. Posted in City Hall, the Louisville Public Library, the Recreation Center and the Courts and Police Department Building and mailed to the surrounding property owners on March 24,2006. The agenda was posted on the City's web site and at City Hall, the Louisville Public Library, the Recreation Center and the Courts and Police Department Building on April 6, 2006. Conflict ofInterest and Disclosure: None. Staff Report of Facts and Issues: Wood provided the summary points: . The request is to extend the expiration of a Final PUD Development plan for Colorado Tech Center Filing NO.2. . The request is for 36 months. . The applicant is requesting the extension on the basis that the market will be looking for sites with PUD entitlements as the absorption for R&D space improved in the US 36 Corridor. . Staff recommends approval of extension for the Final PUD Development Plan on the basis that the PUD retains a high level of compliance with the IDDSG and is in compliance with the Comprehensive Plan, subject to the following condition: 1) A partial extension of one year shall be granted to expire in April of 2007. The applicant shall be required to submit to the City construction plans and a letter of credit prior to April of 2007 for those public improvement obligations as defined in the eTe Filing No.2 Subdivision Agreement. Once those items have been accepted and approved by the City, an automatic extension for an additional two years shall be grantedfor the combined total of 36 months. Such extension shall expire in April of 2009. Commission Questions of Staff: None Applicant Presentation: Jon Lee, 2500 Arapahoe Ave, Boulder, discussed that he okay with the condition and that funds have been designated for the public improvement obligations. Commission Questions of Applicant: Lipton requested a status update of occupancy rates for the CTC. Lee stated there is 9% vacancy rate for the park. Most of that is due to the current occupants moving to larger buildings that are already built and new companies locating to the center because they have outgrown their facilities at another location. Dalton asked what if anything in the review process needs to be streamlined to bring new businesses to Louisville.