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05-01-2023 WS
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MV City Council
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Packets
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5/1/2023
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Energy Efficiency <br />The homes that Pulte will be constructing will have extremely high energy efficiency. Each home <br />is tested using the Home Energy Rating System (HERS) index, which is the industry standard <br />for measuring energy efficiency. Heating, cooling, and water heating constitute the largest cost <br />of homeownership outside of the mortgage. The U.S. Department of Energy has determined <br />that a typical resale home scores 130 on the HERS Index while a home built to the 2004 <br />International Energy Conservation Code is awarded a rating of 100 (lower is more energy <br />efficient). Pulte Homes measures the HERS score of every new home constructed. The average <br />HERS score for our homes is runs in the range of 47 to 53. We are building extremely energy <br />efficient homes that dramatically exceed the International Energy Conservation Code threshold. <br />YardHomes <br />YardHomes is proposing to build 12 cottage homes on the very southern portion of the <br />development. More specifically these cottages will be developed and built immediately south of <br />the LaPort Drive ROW. Access to the YardHomes will come from Woodlawn Drive. Trail <br />connections will be made between the Pulte neighborhood and the YardHomes neighborhood <br />so all can enjoy this amenity. YardHomes will be single-family owner -occupied homes that will <br />range from 640 square feet to 825 square feet. These homes are single level and are <br />anticipated to sell at around $200,000 per unit. A trail would meander through the neighborhood <br />and connect with the larger trail system in the overall development. It's proposed that there <br />would be on -site community gardens for the residents to utilize. <br />Land Acquisition <br />At the time of this narrative being drafted Pulte has been able to get all of the private parcels <br />needed for this development to occur under contract. We have looked at the cost associated <br />with developing the YardHomes site. While there are many factors that impact housing costs, <br />and cost is one of the biggest factors driving housing costs. To meet the City Council goal of <br />keeping the cottage homes affordable, Pulte would be subsidizing the development costs by <br />$200,000. Pulte would like to break even on these development costs. It is our hopes that when <br />the EDA meets to discuss the sale of the city parcels to Pulte that this economic reality is <br />contemplated and reflected in the pre -development agreement sales price. <br />Summary <br />The Ardan Site is a proposed neighborhood of townhomes by Pulte Homes and cottage homes <br />by YardHomes. It's our understanding that the City Council will review this concept plan at their <br />May 1st worksession, the planning commission at their May 3rd worksession and the parks <br />commission at their May 25th meeting. We look forward to your feedback. Pulte and YardHomes <br />are planning to submit a formal land use application mid -summer of 2023. We look forward to <br />working with the City Commissions, Council and staff as this application moves forward through <br />the review process. Thank you for your consideration. <br />no <br />
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