SUBJECT:
Title
PUBLIC HEARING: A Resolution of the Town Council of the Town of Erie Approving a Settlement Agreement with Stratus Redtail Ranch, LLC, to Settle Pending Litigation in Weld County District Court
Department
DEPARTMENT: Town Manager's Office
Presenter
PRESENTER(S): Malcolm Fleming, Town Manager
Kendra Carberry, Town Attorney
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Time
TIME ESTIMATE: 60 minutes
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For time estimate: please put 0 for Consent items.
Fiscal
FISCAL SUMMARY:
N/A
Policy
POLICY ISSUES:
Town Council is the decision maker on this settlement agreement with Stratus Redtail Ranch, LLC. The settlement agreement would approve a Preliminary Plat for the property and allow the applicant to move forward to Final Plat.
Recommendation
Body
SUMMARY/KEY POINTS
The Redtail Ranch settlement agreement would approve a Preliminary Plat and allow the applicant to move forward to submitting a Final Plat and Site Plan applications for Town review, as required. In this settlement agreement, the applicant proposes changes to their previous Preliminary Plat application that include:
* Plugging and abandoning the SRC Pratt (KPK) oil & gas wells on the interior of the property. Town standards allow a 150-foot setback from plugged and abandoned wells, instead of the 500-foot setback required from active oil and gas wells. This smaller setback also allows the applicant to add residential lots to their Preliminary Plat, increasing the total lot count from 524 as proposed in June 2024, to 569 lots in the current proposal.
* Providing a new internal east-west street connection.
* Contributing $100,000 to the Town for future offsite traffic improvements and/or traffic calming projects including roundabout(s).
* Providing additional groundwater monitoring wells.
BACKGROUND OF SUBJECT MATTER:
* Stratus Redtail Ranch, LLC submitted a Preliminary Plat application in May 2021.
* Planning Commission held the first public hearing for the application on January 17, 2024. After pr...
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