Castle Rock Banner
Share to Facebook Share to Twitter Bookmark and Share
File #: RES 2019-046    Version: 1 Name:
Type: Resolution Status: Passed
File created: 3/20/2019 In control: Town Council
On agenda: 5/7/2019 Final action: 5/7/2019
Title: Resolution Approving the First Amendment to the Oaks of Castle Rock Development Agreement [located southeast of downtown Castle Rock, near and south of Plum Creek parkway, east of South Lake Gulch Road and west of Ridge Road]
Attachments: 1. Staff Report, 2. Attachment A: Resolution, 3. Exhibit 1: Proposed Development Agreement Amendment, 4. Attachment B: Map of planning areas, 5. Attachment C: Traffic impact study, 6. Presentation: Oaks DA Amendment

To:                     Honorable Mayor and Members of Town Council

 

Through:                     Tara Vargish, Assistant Director, Development Services

 

From:                     Donna Ferguson, Senior Planner, Development Services

 

Title

Resolution Approving the First Amendment to the Oaks of Castle Rock Development Agreement [located southeast of downtown Castle Rock, near and south of Plum Creek parkway, east of South Lake Gulch Road and west of Ridge Road]

Body

______________________________________________________________________

 

Executive Summary

 

Property owners, Castleview, LLC and Castle 13 LLC, are requesting to amend a Development Agreement (DA) for a residential neighborhood known as the Oaks of Castle Rock (Oaks) which is located south of Plum Creek Parkway between Lake Gulch Road and N. Ridge Road. (Figure 1). The amendment seeks to further define existing roadway and traffic control improvement obligations related to Plum Creek Parkway which are due by the Oaks to the Town. A Development Agreement is a legally binding contract between the property owner and the Town which requires review and approval by Town Council after review and a recommendation by Town staff. This request was continued from April 16, 2019 to allow time for Town Council to review the related traffic impact study.

 

Budget Impact

 

The proposed amendment to the DA will not have an impact on the budget.

 

Staff Recommendation

 

Staff recommends approval of the resolution approving the first amendment to The Oaks of Castle Rock Development Agreement.

 

Proposed Motion

 

I move to approve the Resolution as introduced by title on first and final reading.

 

Attachments

 

Staff Report

Attachment A:                     Resolution

Exhibit 1:  Proposed Development Agreement Amendment

Attachment B:  Map of planning areas

Attachment C:  Traffic impact study