09/14/1972 Council Minutes - Laserfiche WebLink

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September 14, 1972 Mr. Bohjanen turned the meeting over to Mr. Locher who read the affadavit of publication and the names and addresses of the people to whom he had personally posted notices of the hearing. Mr. Locher then turned the meeting over to Mr. Carley who explained the figures that were discussed at the Speial meeting of August 10, and that the Council had adopted Plan 1. The only figure that there t'.as doubt about was the total acreage of 320 acres. This had been recomputed and the final figure was 406 acres. This would reduce the cost of the Lift Station Area from 5g197.00 /acre to °160.00 /acre, and the Well Area from '2285.00 /acre to `186:00 /acre. The total figure would remain the same. Mr. Bush from U. S. Lakes Development, then gave a background report on the project and explained the new method of assessment. He said one of their problems with prospective buyers is the fact that the sewer system has not yet been accepted by the Village, thus creating doubt in the peoples mind as to the status of the system. They now have 57 lots with full service with an estimated cost of $2500 per lot. This money is in eschrow and the buyers have been assured that these special assessments will be paid by the company. Mr. Bush presented a map which changed the use of Outlot G (14.7) acres, and Outlot K, also relocating part of the back 9 holes of the Golf Course. Outlots C and I are also included in this revision. These lots would be used for single family dwellings instead of town houses_as presently zoned, There are 3 lake shore lots that would be used as a public park h a buffer zone of natural growth around this new area. The park would include trails for hiking or bicycling. This revision would create an extra 60 lots that would be located very near the existing lines. It would also reduce the density from 8 persons to 2 1/2 persons per acre. He gave the following figures for assessment: 57 Full service lots 23 Partial service 105 area service 28.2 acres in Outlots H, J, & K a 200 acres of ad- joining land r^? 2500.00/ lot 1300.00/lot 900.00/ lot 2500.00/ acre 600.00/ acre ,A142,000.00 29,900.00 94,500.00 70,500.00 120,000.00 ek457,400.00 Mr. Bush would request that the Council defer assessment until the platting of this land is done, pending a new assessment after it has gone through the P & Z There is approximately a 4 month lag between the issuance of building permits and occupancy. Mr. Bohjanen asked if there was any other reason for replatting this land other than the special assessments. Mr. Bush explained that one bedroom in their townhouses is below the standard size and there isn't enough room on that specific piece of land for the revision of the plans to make it attractive enough for prospective buyers. Their thinking is now that they will probably put the town houses near Holy 17, but there is nothing definite on this. This area would be very near the one already served by the existing, lines. Mr. 7elinka asked what effect this change would have on the tax base of the area. Mr. Bush thought the total tax base would be a little higher with the townhouses, but that they were planning on building homes comparable with the ones already there and that the tax base would not be affected too much. Mr. Bush also explained that at the time of the original platting it was decided that the west side of the lake was more conductive to the more expensive home, but the ones on the east side would be as good or better than the ones now there.