To: Honorable Mayor and Members of Town Council
Through: David L. Corliss, Town Manager
From: Tara Vargish, PE, Director, Development Services
Donna Ferguson, Senior Planner, Development Services Department
Title
Ordinance Amending the Town of Castle Rock’s Zone District Map by Approving The Promenade At Castle Rock Planned Development Plan Amendment No. 1; Approving The Amended Promenade At Castle Rock Planned Development Zoning Regulations; And Approving The Promenade At Castle Rock Block 3A Development Agreement (Second Reading - Approved on First Reading on February 16, 2021 by a vote of 7-0) [Between Promenade Parkway and Castlegate Drive West]
Body
________________________________________________________________________________
Executive Summary
Alberta Development Partners (Applicant) is requesting approval of a proposed amendment to the Promenade at Castle Rock Planned Development Plan (PDP) and Development Agreement (DA) for planning area three (PA3). PA3 is generally located in the center of the Promenade between Promenade Parkway and Castlegate Drive West. The PDP and DA Amendment proposes to add a Multi-Family Residential use area (up to 300 units) and an Open Space Private use area (Outdoor Commons Park) to PA3 by reducing the existing Business/Commercial use area. It also proposes a land dedication of 43 acres on the east side of Interstate 25. PDP and DA Amendments to change the intensity or density of uses in a planning area by more than 10% require public hearing before Town Council who shall review and make a decision on the proposal after review and recommendation by the Planning Commission. The Planning Commission is scheduled to review the Planned Development Plan on Feb. 11, 2021, after the writing of this report. As such, the recommendation of the Planning Commission will be provided at the time of the scheduled Town Council hearing on Feb. 16, 2021.
Budget Impact
Development of the property will generate review and impact fees, along with use taxes similar to like development.
Staff Recommendation
The Planning Commission is scheduled to review the Planned Development Plan on Feb. 11, 2021, after the writing of this report. As such, the recommendation of the Planning Commission will be provided at the time of the scheduled Town Council hearing on Feb. 16, 2021.
Proposed Motion
“I move to approve the Ordinance as introduced by title, second reading.”
Attachments
Attachment A: Ordinance
Exhibit 1: Legal Description
Exhibit 2: PD Plan
Exhibit 3: Zoning Regulations
Exhibit 4: DA Amendment