05-25-2023 PRF Packet - Laserfiche WebLink

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Energy Efficiency The homes that Pulte will be constructing will have extremely high energy efficiency. Each home is tested using the Home Energy Rating System (HERS) index, which is the industry standard for measuring energy efficiency. Heating, cooling, and water heating constitute the largest cost of homeownership outside of the mortgage. The U.S. Department of Energy has determined that a typical resale home scores 130 on the HERS Index while a home built to the 2004 International Energy Conservation Code is awarded a rating of 100 (lower is more energy efficient). Pulte Homes measures the HERS score of every new home constructed. The average HERS score for our homes is runs in the range of 47 to 53. We are building extremely energy efficient homes that dramatically exceed the International Energy Conservation Code threshold. YardHomes YardHomes is proposing to build 12 cottage homes on the very southern portion of the development. More specifically these cottages will be developed and built immediately south of the LaPort Drive ROW. Access to the YardHomes will come from Woodlawn Drive. Trail connections will be made between the Pulte neighborhood and the YardHomes neighborhood so all can enjoy this amenity. YardHomes will be single-family owner-occupied homes that will range from 640 square feet to 825 square feet. These homes are single level and are anticipated to sell at around $200,000 per unit. A trail would meander through the neighborhood and connect with the larger trail system in the overall development. It's proposed that there would be on-site community gardens for the residents to utilize. Land Acquisition At the time of this narrative being drafted Pulte has been able to get all of the private parcels needed for this development to occur under contract. We have looked at the cost associated with developing the YardHomes site. While there are many factors that impact housing costs, and cost is one of the biggest factors driving housing costs. To meet the City Council goal of keeping the cottage homes affordable, Pulte would be subsidizing the development costs by $200,000. Pulte would like to break even on these development costs. It is our hopes that when the EDA meets to discuss the sale of the city parcels to Pulte that this economic reality is contemplated and reflected in the pre-development agreement sales price. Summary The Ardan Site is a proposed neighborhood of townhomes by Pulte Homes and cottage homes by YardHomes. It's our understanding that the City Council will review this concept plan at their May 1st worksession, the planning commission at their May 3rd worksession and the parks commission at their May 25th meeting. We look forward to your feedback. Pulte and YardHomes are planning to submit a formal land use application mid-summer of 2023. We look forward to working with the City Commissions, Council and staff as this application moves forward through the review process. Thank you for your consideration. 6