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05-08-2018 Preliminary Planned Unit Development Application for The Village PUDAVON TOWN COUNCIL FINDINGS OF FACT AND RECORD OF DECISION PRELIMINARY PLANNED UNIT DEVELOPMENT APPLICATION FOR THE VILLAGE (AT AVON) PUD DATE OF DECISION: May 8, 2018 APPLICATION TYPE: Preliminary PUD FILE NUMBER: #PUD 17001 PROPERTY LOCATION: Lot 1, Filing 1, Village at Avon APPLICANT/OWNER: Traer Creek -RP LLC These findings of fact and record of decision for The Village (at Avon) PUD Amendment application ("Application') is made in accordance with the Avon Development Code ("Development Code") §7.16.020(f): PRELIMINARY PUD: The Avon Town Council hereby approves the Preliminary PUD Application for The Village (at Avon) PUD ("Property"), with the following Findings and Conditions: FINDINGS: 1. The Application is eligible to be processed as a Preliminary PUD approval based on the eligibility requirements in Section 7.16.060 (b), Eligibility Criteria, as is more particularly described in the staff report, the recommendation of the Avon Planning and Zoning Commission, and the Application. 2. The Planning and Zoning Commission held a public hearing on March 6, 2018, after posting notice of such public hearing in accordance with the requirements of Section 7.16.020(d), Step 4: Notice, and recommended conditional approval of the Application citing conformance with the review criteria. 3. The Avon Town Council held public hearings on April 10, 2018 and May 8, 2018, and after posting notice as required by law, considered all comments, testimony, evidence and P Z C staff report prior to taking action on the Application. 4. The Application meets the PUD Amendment Review Criteria in Section §7.16.060(e)(4), as is more particularly described in the staff report dated March 6, 2018, Findings of Fact and Record of Decision of the Avon Planning and Zoning Commission, and the Application. 5. Compared to the underlying The Village (at Avon) PUD Guide development standards for Planning Area F, the Application and modifications proposed for Planning Area F would not result in significant adverse impacts upon other properties. 6. The Application is substantially compliant with the purpose statements of the Development Code by providing for the orderly, efficient use of the Property, while at the same time conserving the value of the investments of owners of property in Town. The Village (at Avon) Preliminary PUD Findings of Fact and Record of Decision: #PUD 17001 Page 1 of 2 7. Increased residential density, along with reduced commercial land use, will result in increased pedestrian demand and usage in the area; therefore, wider sidewalks, bike lanes, pedestrian improvements, and other street scape improvements that improve the connection of the property to other parts of Town will mitigate the increased residential density. 8. A wider streetscape and multi -modal network, compatible with other adjacent and planned east -west thoroughfares (i.e. Beaver Creek Boulevard) is warranted for the Planning Area F frontage with an appropriately sized right-of-way to facilitate these shifting trends in mobility. CONDITIONS: Approval of the Preliminary PUD Application is subject to performance, satisfaction and completion of the following conditions: 1. A complete Final PUD application must be submitted within six (6) months of Town Council final action on the Preliminary PUD. 2. The Final PUD Application shall be updated as follows: a. All changes enumerated in the April 27, 2018 letter from Dominic Mauriello will be incorporated, specifically: i. Building height increase shall be 58' and the setback from Post Boulevard for any structure, or portion thereof, which exceeds 48' in height shall be increased to 40', the setback from East Beaver Creek Boulevard (i.e. future Main Street) for any structure, or portion thereof, which exceeds 48' in height shall be increased to 100', structures shall be limited to 4 total stories above grade, and Applicant shall propose language for review and consideration by Town to define stories and above grade. ii. Density shall be increased to 22 residential units per acre. iii. Applicant shall propose language for review and consideration by Town which requires 1,000 sq. ft. of commercial floor area to be developed as a condition of receiving a certificate of occupancy for each 150,000 sq. ft. of residential floor area. b. Amendments to Village (at Avon) PUD Guide, Appendix F, Illustrations 7 and 8, to revise the Urban Local Road, Main Street (eastern segment) to be commensurate with Town of Avon Road Standards and depict a 78' minimum right-of-way incorporating 6' wide minimum sidewalks on each side of the road, 4' bicycle lanes, 6' landscape buffers, and potential for on -street parking and/or vehicle turn lanes and 12' bus pull offs for residential development that exceeds 18 units per acre. c. Applicant shall prepare for Town review and consideration a complete updated The Village (at Avon) PUD Guide to replace and supersede the existing The Village (at Avon) PUD Guide. APPROVED BY MOTION on May 8, 2018. AVON TOWN COUNCIL OF,.0 ;2 By: Attest: J nnie Fancher, Mayor Debbie Hoppe, To Cly A �. The Village (at Avon) Preliminary PUD Findings of Fact and Record of Decision: #PUD17001 p ��'!�,�DO' .