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
Title
Ordinance Approving the Initial Zoning for 5.000 Acres of Land Located West of Ridge Road, South of Fifth Street, and North of Plum Creek Parkway Pursuant to a Zoning Application Submitted By Barbara J. Lincoln; And Amending the Existing Planned Development Plan and Zoning Regulations for the 175.500-Acre Memmen Young Planned Development Pursuant to a Zoning Application Submitted By Macor LLC and Highline C.M., Inc., Which Amendment Shall, Among Other Things, Incorporate Said 5.000-Acre Parcel of Land (Second Reading - Approved on first reading on June 6, 2023, by a vote 5-2 with Conditions) [Memmen Young Planned Development]
Body
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Executive Summary
On June 6, 2023 Town Council voted 5-2 to approve the the Memmen Young PD Amendment on 1st reading with the following conditions; that the applicant have additional responses on the issues of access, blasting and traffic at time of Site Development Plan and that the major ridgeline area include no residences.
An application has been made for a Major Amendment of 175.5 acres of the Planned Development Plan and Zoning Regulations, Memmen Young Portion - The Villages at Castle Rock Infill (Memmen Young PD) and a Petition for Annexation and accompanying plat map (Attachment B and C) has been submitted for the 5-acre Memmen Parcel. The property owner is requesting that the 5-acre parcel be incorporated into the amended Memmen Young PD. The applicant is seeking approval for an amended PD that would encompass 180.5 acres, allow for 562 single family detached and attached dwelling units, and include 86.9 acres of open space. The new PD, if approved, would be officially titled Planned Development Plan and Zoning Regulations, Amendment No. 1 Memmen Young Portion - The Villages at Castle Rock Infill (Memmen Young PD Amendment). The applicant has also referred to the project by its proposed marketing name of Founders Vista.
Key Benefits of Proposed Annexation and Zoning
• An increase of 31 acres of Parks and Open Space for the community to enjoy
• A reduction of 342 dwelling units, a 38% decrease
• Provides a variety of housing options for current and future residents
• An updated development agreement (DA)
• Conveyance of the underlying ground water rights upon recordation of the DA
• Establishes restrictive landscape regulations
• Contributions to important Public Works projects
• Provides cash-in-lieu for a new well site
• A logical infill annexation to fill in hole in the Town’s boundary
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 3 - 2 to recommend approval to Town Council of the Memmen Young PD Amendment at a public hearing held on May 25, 2023.
Proposed Motion
Approval with Conditions
“I move to approve the PD Amendment Ordinance, as introduced by title, 2nd reading with the following conditions; that the applicant have additional responses on the issues of access, blasting and traffic at time of Site Development Plan and that the major ridgeline area include no residences.”
Approval
“I move to approve the PD Amendment Ordinance, as introduced by title, on first 2nd reading.”
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: Memmen Parcel Annexation Petition and Plat
Attachment C: Ordinance No. 2023 - 00
Attachment D: Existing Memmen Young PD and Zoning Regulations
Attachment E: Proposed Planned Development Plan and Zoning Regulations
Attachment F: Castle Rock Water Resources Inclusion Area Map
Attachment G: Traffic Impact Analysis
Attachment H: Neighborhood Meeting #1 Summary
Attachment I: Neighborhood Meeting #2 Summary
Attachment J: Neighborhood Meeting #3 Summary
Attachment K: Neighborhood Meeting #4 Summary
Attachment L: Resident Comments