To: Honorable Mayor and Members of Town Council
Through: David L. Corliss, Town Manager
From: Tara Vargish, PE, Director, Development Services
Brad Boland, AICP, Long Range Project Manager, Development Services Department
Title
Ordinance Annexing to the Town of Castle Rock, Colorado, 73.76 Acres of Land Located in the North Half of Section 26, Township 7 South, Range 67 West of the 6th Principal Meridian, Douglas County, Colorado, Pursuant to an Annexation Petition Submitted by 455 Alexander, LLC, and Tierra Investors, LLC (Second Reading - Approved on First Reading on November 7, 2023 by a vote 7-0) [Alexander Way Annexation]
Body
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Executive Summary
455 Alexander, LLC, and Tierra Investors, LLC (applicants) have submitted a Petition for Annexation and accompanying plat map (Attachment C and D) and are requesting approval of the Alexander Way Annexation. The annexation consists of two parcels totaling 73.76-acres which are located east of the Silver Heights subdivision in unincorporated Douglas County, north of Alexander Place, and west of the Diamond Ridge Estates neighborhood (Attachment A). The applicant proposes to create the Alexander Way PD (Attachment E) and incorporate the parcels in to the PD along with a 4.2-acre parcel that is already annexed into the Town.
Key Benefits of Proposed Annexation and Zoning
• Provides 40% Open Space and a 1.5-acre Pocket Park
• Provides a unique housing type with the 22 units of live work
• Provides groundwater rights in excess of the water demand of the development
• Low density adjacent to County development provides an appropriate transition
• Provides opportunities for additional trail connections
• Is a logical infill property
• Eliminates permitted uses on the 4.2-acre parcel that would not be compatible with the surrounding Diamond Ridge Estates PD.
• Allows Town determination of growth patterns and development standards
Summary of Proposal
The parcels to be annexed total 73.76 acres and are currently zoned A-1 Agricultural One. Town Council held a public hearing on October 19, 2021, and found the annexation petition to be in substantial compliance with the provisions of Article II, Section 30(1)(B) of the Colorado Constitution and Section 31-12-107(1), C.R.S. Further, Town Council held a public hearing on December 7, 2021 and found the parcels proposed for annexation were eligible to be annexed in accordance with the Colorado Revised Statues. The Town will now consider whether the property should be annexed to the Town, and whether the proposed Planned Development zoning is appropriate and should be approved.
The Alexander Way PD proposes to allow 77 single-family dwelling units for a gross density of .987 dwelling units per acre (du/ac) and approximately 31.25 acres, 40% of the site, of open space and an additional 1.5--acre pocket park. The residential use is split in to two distinct use areas. The first use area allows for 55 single-family dwelling units on minimum lots of a half-acre. The second residential use area allows for 22 live work units. The live work units are a mixture of single family detached and attached dwelling units. The live work units allow for expanded home businesses beyond the Town’s home occupation regulations.
The purpose of this staff report is to provide an analysis of the proposed annexation and zoning, to summarize the obligations formalized in the Development Agreement (DA) and to make a recommendation to Planning Commission. Staff has thoroughly reviewed the proposals, and the applicant has made all staff requested changes.
Planning Commission Recommendation
The Planning Commission voted 6-0 to recommend approval of the Alexander Way annexation during a public hearing at their regularly scheduled meeting on October 26, 2023.
Budget Impact
The proposed annexation and zoning will generate review fees. In addition, there are DA obligations and impact fees required at the time of annexation and with future site plans, plats and subdivision improvement obligations that will offset Town costs.
Staff Recommendation
The Planning Commission voted 6-0 to recommend approval of the Alexander Way annexation during a public hearing at their regularly scheduled meeting on October 26, 2023.
Proposed Motions
Approval
“I move to approve the Ordinance, as introduced by title, on second reading.”
Alternative Motions
Approval with Conditions
“I move to approve the Ordinance, as introduced by title, on second reading with the following conditions.” (list conditions)
Continue item to next hearing (need more information)
“I move to continue this item to the Town Council meeting on [date], 2023, at [time].”
Attachments
Attachment A: Vicinity Map
Attachment B: Ordinance
Exhibit A: Legal Description
Attachment C: Alexander Way Annexation Petition
Attachment D: Alexander Way Annexation Plat
Attachment E: Planned Development Plan and Zoning Regulations
Attachment F: Traffic Impact Analysis
Attachment G: Fiscal Impact Analysis
Attachment H: Public Comment