Loading...
5C 1422 55th St Annexation Agreement Amendment1422 55th St. Annexation Agreement Amendment City Council ●May 16, 2022 Process and Review Criteria •Section 9-2-17, “Annexation Requirements” •BVCP Policy 1.17 –community benefit •Annexation Intent •Planning Board recommendation •Motion by City Council 01 Public Comment •Mailed notice •Sign posting •Inquiries 02 03 Vicinity Map Flatirons Golf Course 04 Zoning Flatirons Golf Course Residential - Medium 1 (RM-1) Medium density residential areas which have been or are to be primarily used for attached residential development, where each unit generally has direct access to ground level, and where complementary uses may be permitted under certain conditions. Project Site Background Annexed in 1999 Zoned RM-1 to maximize housing 05 1999 Annexation Agreement “Redevelopment” of property required to meet affordable housing requirements 06 Paragraph 4 –Affordable Housing Requirements 1. Develop at maximum practical density. 2. 30% new units affordable ≤ 80% AMI 3. 30% new units affordable to: •Detached 80%-120% AMI, average to 110% AMI •Duplex/Townhome 80%-110% AMI, average to 100% AMI •Attached 85%-95% AMI, average to 90% AMI 4. Covenant and deed restrictions Proposed Amendment 07 Paragraph 4 –Affordable Housing Requirements -Proposed 1. Develop at maximum practical density 2. $25,000 CIL for each new unit for 5 years 3. CIL per code after 5 years 4. New units constructed and sold as for-sale units Is the proposed annexation agreement amendment consistent with the Boulder Valley Comprehensive Plan (BVCP) policies on annexation and the intent of the original annexation terms? Key Issue 08 Conclusion and Recommendation 09 Motion to approve the annexation agreement amendment proposed per case number LUR2021-00045 as it is consistent with the overall goals and policies of the Boulder Valley Comprehensive Plan, policies pertaining to annexation, as well as the intent of the original annexation terms. 10 Questions for Staff?