11-09-06 Planning Comm. Minutes - Laserfiche WebLink

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MINUTES PLANNING COMMISSION NOVEMBER 9, 2006 Square Footage Open Space Average Sale Price Gross Revenue 19 Lots 10,000 None $650,000/Home $12,350,000 41 Lots 5,400 315,000 Sq. Ft. $300,000/Home $12,300,000 Solby stated that he wanted to illustrate that the 41 lot development is not being proposed to make Lauren & Company more money. It is felt that the project as proposed is more affordable and meets a growing housing need. The real estate agent representing Lauren & Company indicated that baby boomers represent about one-third of the population. This population group is looking for housing that is association maintained, does not share common walls, and is smaller in size than the homes in which they raised their families. These baby boomers would also like to stay within five miles of where they currently live. The agent indicated that given the land cost, a 19 lot single-family housing developmenC would have loC costs of $225,000 each. The agent felt that cities did not need more $650,000 homes, and again pointed out that this concepC is the type of housing that baby boomers are looking for. Knudsen noted ChaC Che property is currently zoned R-1, and Che concept presented pushes beyond what is allowed in an R-1 District. Knudsen also pointed ouC that the amount of property that Lauren & Company claims to have and what the City Planner estimates does not add up. The City Planner noted Chat the concept plan submitted estimates between 13 and 14 acres of property, while the County's records are at about 7'/z acres of property. Knudsen also noted thaC large departure in what Che City's R-1 District minimums are for lot size, width, and setbacks versus what is proposed. Solby stated thaC the front yard setback would be 20 feet rather than the 10 feeC initially estimated. Solby quoted the City Code language relative to Planned Unit Development, noting that PUD's will be considered based on factors such as innovation, higher standards, preservation and enhancement of natural site characteristics, etc.