A bill for an ordinance approving a Service Plan for the creation of Denver Connection West Metropolitan District. Approves the service plan for the Denver Connection West metropolitan district in Council District 11. The Committee approved filing this bill at its meeting on 8-9-16.
Ten? Okay, ten, 10 minutes. So we'll be back here at 940. Thank you. We have three public hearings this evening. Speakers should begin their remarks by telling council their names, their cities of residence, and if they feel comfortable doing so, their home addresses. If you're here to answer questions only when your name is called, come to the podium, say your name, and let the council know that you are available for questions. Speakers will have 3 minutes unless another speaker has yielded his or her time, which would result in a total of 6 minutes on the presentation monitor on the wall . When the yellow light comes on, you will have 30 seconds to conclude your remarks. And when the red light appears, your time is up. Speakers must stay on topic of the hearing and must direct their comments to council members. Speakers are prohibited from using profanity, profanity and making personal attacks to council members. Councilman Gilmore, will you please put Council Bill 585 on the floor? Yes, Mr. President, I move that council bill 585 be placed upon final consideration and do pass. It has been moved in session. It the public hearing from council bill 585 is open. May we have the staff report. Academia and John Carter, Department of Finance. I'm going to do a staff report for the Council Bill. 0585 for. The approval of the service plan for Denver. Connection. What Metropolitan. District? A couple of slides to give an overview of the District's purpose. In the related development quickly. The first site here, the proposed district and development is located in the northeast part of Denver. The boundaries are roughly east of Chambers Road, west of Kenya, and south of Green Valley Ranch Boulevard, or 48th Avenue. The site is about 115 acres. It's planned for 700, roughly. 700. Residential units and about 40 acres of open space. This is a rendering here you have east of chambers and south in Green Valley Ranch. The residential properties. Excuse me? The development is also proposing to gain 700 units of residential properties. This is a break out of the mix of those properties and units and the starting price points. Those ranges from 236,000 to about 312,000. And you can see the breakout of the units here on the slide. Couple examples of what the renderings of those units would look like. Both the single families and then some. Of the townhouses. And connected units. And then a little bit of a break out of the open space that the district would be funding and some of the amenities there and the development. This is a rendering of that. Couple of highlights. Again, about 40 acres of 115 acres will be roughly it will be dedicated open space. You have a ten acre park on the southeast side here. And then a highlight what they're calling the hub center, which is at a community center slash recreation center with a pool and community space. So it'll be. Kind of a drawing center. For the developments. All these amenities will be funded by the district and maintained by the district as well going forward. And then finally, just to wrap up kind of the purpose of the district and the financing, the district will coordinate a standard with most metropolitan districts in Denver, will coordinate the manage of financing, acquisition, construction and maintenance of the public infrastructure and services for the developments. And these include a couple items as listed below. The total cost of those improvements are about $55 million, although the district will only be funding 20 million of that and will be taking out debt for about 20 million of those 55. The mill levies will be 40 mills proposed for debt and ten mills, throwing them with a cap of 50 mills. I'm here to answer questions and you also have members from the development team here and answer questions as well. Thank you. We have two individuals to speak tonight. I'm going to have them come to the front row. Maryann McGrady and Russell Johnson. Go ahead. You have 3 minutes. Mr. President, members of the council. My name is Robert Johnson. I'm with Village Homes. I'm here to answer any questions that. You might have. Okay. Yeah. Thank you. Thank you. Good evening. It's Marianne McGinty with Maggie Becker. I'm the attorney for the applicant here to answer questions. Thank you. All right. This concludes our speakers. Are there questions from members of council? And I want to give a little bit of time to get our screens caught up. Any questions for members of council? Councilman Ortega. I just want to ask what what the proposed height is for. The. Is there a height limitation? And if so, what is the maximum height? There is a high limitations, 35 feet. I don't think we're proposing. We get that high. Most of our units are typically two story homes. So under 25. Great. Thank you. Thank you, Councilwoman. Councilman Flynn. Thank you, Mr. President. Maybe the gentleman could answer. Looking through this went through it so quickly. I want to make sure I didn't miss anything. Is there any commercial use within the district or is it all residential and open space? There is no commercial use to the existing PD that's in place that we're following. Did not allow for any commercial. Okay. Thank you. The the mill the proposed mill levy that will apply since it applies to residential property, it will be at the lower ratio of assessment. Correct. Okay. Right there, nodding behind you. That's it. Thank you. That's all. Did you get it? Did you get your answer? Even though I didn't say anything. Okay. Okay. All right. Thank you. Any other questions from members of council? This concludes our core questions in the public hearing from counsel. 585 is now closed. Comments by members of Council. Councilwoman Gilmore. Thank you, Mr. President. You know, this has been a plot of land that has never been developed in the the Gateway Green Valley Ranch neighborhood. And so it is east of chambers and on a great corner. And we're really excited to have Village Homes as a partner in the community. There's no way that the city would at this point in time, be able to put something like this together and, you know, the developer pays their way. And so one of the great amenities that's going to come out of this development is the widening of Green Valley Ranch Boulevard from two lanes to four lanes. And then there'll be a Signalized intersection at Memphis. And so that's something that a lot of community members, for as long as I've lived in Monticello over 20 years, have always wanted to know when that was going to happen. And it just took the right, you know, economic climate and I think the right set of partners to make sure that this happened. Village homes never gave up. I think that there were a couple hiccups along the way. You know, to to see this site and really develop it in a way that in modern day terms, you would have walkability to retail, to Councilman Flynn's question around that retail component. But it just didn't make sense right at that point in time to have that element included in. And so we're going to have the residential and the parks and and the amenity piece of it. And so I would ask that all of my colleagues can just consider voting for this piece of legislation. Thank you, Mr. President. Thank you, Councilwoman Gilmore. Councilman Espinosa. I just wanted to sort of add, in my past life, as in the affordable housing business, we did a lot of NSP work. Neighborhood Stabilization Project. I don't even remember. In the end, it's interesting because we did a lot of the units just north of Green Valley Ranch on Memphis in the Parkview area. And what it was what was sort of difficult in that recession and post-recession time was that we were there were units that had been in foreclosure, and and they were being sold back on the market for a fraction of what it would cost to build them. And it looked like it was going to be a long time coming before you would have the sort of economy where that area south and that sort of all that acreage could get developed. And so now it's it's it's it's it's good for those, those people that could withstand that that that hit because that area got really devastated during the housing crisis. I mean, the the recession and I mean, where people lost half of the value of their homes. So it's telling me that this this area has come back. It's also speaks to the affordable housing issue. Right. Because those units were incredibly affordable during that recession. And now we're these are still modest homes but and attainable. But they're they're starting to creep. But it is generally. A good thing for all those neighbors that had survived and sustain themselves through that recession. So I just I'm just glad to see having been familiar with it and just glad to see it happening. Thanks. Thank you, Councilman. Councilman Herndon. Thank you, Mr. President. I just wanted to echo the comments before before I took over on District eight, I represented District 11. And so I am very familiar with this property and the movement moving forward. So I'm glad to see this come to fruition. And I wholeheartedly support this, encourage my colleagues to do so. And I think it'll be a great addition to far northeast. Thank you, Mr. President. Thank you. That concludes our our comments from members of council. Madam Secretary, roll call. But. Gilmore. I'm sorry. Gilmore, I. Herndon, I. Katherine Can each new Ortega. SUSSMAN Black tie. Clark All. Right. ESPINOSA Hi. FLYNN Hi, Mr. President. Please close voting. Announce the results. I'm here to advise council bill 585 has passed. Ortega was that I also was a candidate for vice.