11-11-02 Community & Economic Development

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Community and Economic Development Committee November 11, 2002 Page 3 Petitioner to file with the City Clerk a complete listing of the commonly known addresses and key numbers for each of the 105 lots by January 31, 2003. She concluded that the proposed project meets the qualifications for a five (5) year residential tax abatement under § 2-77.1 of the South Bend Municipal Code addressing"Single Family Real Property Abatement"(report attached). Mr. Steve Cooreman, President of the Cooreman Real Estate Group then made a presentation. He provided a site map of the subject area to the Committee(copy attached). Mr. Coorman stated that there are 114 lots in the villa community with 105 addressed in the petition. The project promotes maintenance free living since all snow & leaf removal and grass cutting would be done by the Association. They are targeting empty nesters and professionals. Five (5) exclusive builders would be involved with the individual owners selecting the builder and the type of structure. There is a ten (10) acre lake with depths of 8-10' deep proposed as indicated on the site map which will be stocked with bass and blue gill. Water and sewer services to the area would begin in the next two (2) weeks. Mr. Cooreman stated that they hope to be ready for the "Showcase of Homes" in May of 2003. Council Member Kirsits inquired what the average cost of the villas would be. Mr. Cooreman stated that they would run between$170,000 to $350,000 each, which would include the price of the lot. The proposed project would be between$20-22 million. In response to a question from Council Member Coleman, Mr. Coorman noted that all units would be single-family with uniformity in building styles. There would be different roof angles, a selection of brick types, and a complimentary color schemes. Average square footage would run between 1,400' to 1,600' away from the lake,and 2,000 square foot units closest to the lake. Mr. Cooreman stated that there was a contiguity issue in response to a question from Council Member Aranowski with regard to the other lots. They would be directly across from the Westward Knolls development which is in the county. Jon Hunt spoke in favor of the proposed development. He noted that next Tuesday the Board of Public Works would be approving a development agreement and then begin on the sewer construction. He also noted that Westward Knolls is subject to a compact agreement. Following discussion, Council Member Kirsits made a motion, seconded by Dr. Varner that Bill No. 02-78 be recommended favorably to Council. The motion passed. Under unfinished business, Council Member Coleman noted that Zoo Veterinarian Dr. Jeremy Goodman and Parks &Recreation Fiscal Officer Bill Carleton had arrived and requested that they be given the opportunity to address Bill No. 81-02 addressing the $130,000 appropriation. They noted in response to a question from Dr. Varner that this is the last appropriation needed for the Zoo Veterinary Hospital and that the City's investment was roughly$1.1 million. There being no further business to come before the Committee, Council Member King adjourned the meeting at 4:30 p.m. Respectfully submitted, Council Member Karl King,Chairperson Community and Economic Development Committee A 1 st KCF:kmf Attachments PUBL 3 rd NOT REFER PASS