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RESOLUTION NO. 3 SERIES 2016 A RESOLUTION APPROVING A REZONING, FINAL PLAT AND FINAL PLANNED UNIT DEVELOPMENT (PUD) TO CONSTRUCT A MULTI -USE DEVELOPMENT CONSISTING OF 24 AGE RESTRICTED CONDOMINIUMS, 8 NON- RESTRICTED CONDOMINIUMS, AND 38,000 SF COMMERCIAL/OFFICE. WHEREAS, there has been submitted to the Louisville Planning Commission an application approving a rezoning, final Plat and final Planned Unit Development (PUD) to construct a multi -use development consisting of 24 age restricted condominiums, 8 non - restricted condominiums, and 38,000 sf commercial /office; and WHEREAS, the City Staff has reviewed the information submitted and found that, subject to conditions, the application complies with the Louisville zoning and subdivision regulations and other applicable sections of the Louisville Municipal Code; and; WHEREAS, after a duly noticed public hearing on December 10, 2015, where evidence and testimony were entered into the record, including the findings in the Louisville Planning Commission Staff Report dated December 10, 2015, the Planning Commission recommends the PUD for the Foundry to City Council, with the following conditions: 1. The 24 age restricted condominiums shall be for ages 55 and older. The 55 years and older age restriction shall be placed on the deed of each age restricted unit and shall also be included in the subdivision agreement, and a covenant agreement enforceable by the City of Louisville. 2. Staff recommends the wall signs of the In -line building, shown as vertical address numbers, be removed from the PUD and all wall signs must comply with Chapter 7 of the CDDSG and Chapter 17.24 of the LMC. 3. The applicant shall continue to work with the Parks Department on the type and location of additional trees along Highway 42, prior to recordation. 4. The applicant shall continue to work with the Public Works Department on the items listed in the October 25, 2015 memo. Each item shall be completed prior to recordation. 5. Residential and Commercial Development shall be constructed concurrently. NOW THEREFORE, BE IT RESOLVED that the City Council of the City of Louisville, Colorado does hereby approve Resolution No. 9, Series 2016, a resolution approving a rezoning, final Plat and final Planned Unit Development (PUD) to construct a multi -use development consisting of 24 age restricted condominiums, 8 non - restricted condominiums, and 38,000 sf commercial /office, with the following conditions: Resolution No. 3, Series 2016 Page 1 of 2