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?