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RESOLUTION NO.:Z4 SERIES 2008 A RESOLUTION APPROVING A FINAL SUBDIVISION PLAT AND A FINAL PLANNED UNIT DEVELOPMENT (PUD) PLAN FOR THE TAKODA DEVELOPMENT WHEREAS, there has been submitted to the Louisville City Council an application for approval of a final subdivision plat and final planned unit development (PUD) plan for the proposed Takoda development on a 64-acre parcel of land located in northeast Louisville; and, WHEREAS, all materials related to the final subdivision plat and final planned unit development (PUD) plan have been reviewed by City Staff and the Planning Commission and found, subject to conditions, to be in compliance with the Louisville zoning ordinances, subdivision regulations, related policies and. previous approvals; 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 duly noticed public hearing where evidence and testimony was entered into the record, including without limitation the findings in the Louisville Planning Commission Staff Reports dated March 20, 2008, and April 17, 2008, the City of Louisville Planning Commission approved a resolution to forward a recommendation of approval, with conditions to the City Council; and, WHEREAS, City Council has reviewed the application, including the recommendation of the Planning Commission and finds that said final subdivision plat and final planned unit development (PUD) plan should be approved, subject to~ the following conditions: Prior to or in conjunction with the recordation of final documents the applicant shall enter into a subdivision agreement..7'he terms and provisions of the subdivision agreement shall conclude the following requirements of the applicant: a. Compliance with the City of Louisville and City of Lafayette IGA for the development of Paschal Dive. b. Securing the applicant's share of the costs for installing the traffic signal to be located at Paschal Drive and Hwy 42. c. Ditch Company approval for piping a portion of the Davidson Higlzline Ditch. d. Approval of the required civil report and design for the sanitary lift station. e. Identification of the extent of'applicant credit for the completion of public improvement obligations as required by the North Louisville Annexation Agreements.