HomeMy WebLinkAboutNarrative - PR DA Modification V1CUEIDR IAy
APPROVED
DATE 08/24/22
FILE NUMBER' H-2o2--
Sonya Allen
City of Meridian
Community Development Department
33 E. Broadway Ave, Ste. 102
Meridian, ID 83642
PROVIDENCE
t'ROPLKT1L5 LLC
Pertinent Information:
Original Proiect Name: Prescott Ridge Subdivision
Annexation/rezone File number: AZ, PP, PS H-2020-0047
Ordinance number: Ordinance 21-1946
Date of City Council Approval of Development Agreement: September 7, 2021
Recordation Date of DA: September 8, 2021
Instrument Number of DA: 2021-132713
RE: Prescott Ridge, Residential Development Agreement Modification
Dear Ms. Allen,
On behalf of Providence Properties, LLC, I am pleased to submit the attached application for a
Development Agreement Modification for the residential portion of Prescott Ridge Subdivision.
Background Information:
The annexation and preliminary plat of Prescott Ridge Subdivision was approved by the City of Meridian
on May 18, 2021. As part of the applicaition, a phasing plan was submitted to show the prospective
progression of site development. This phasing plan was memorialized in the residential development
agreement. For the reasons explained below, the phasing plan is required to change in order to be
accurate with the current development plan.
1. The northern 15-acre C-G zoned medical campus was initally included as "Phase 1" of the
development. The reasoning for this was to be able to create a "legal lot" to convey to the
purchaser of the medical campus property. However, because we acquired an outparcel in the
NE corner of the medical campus, we were able to use the additional lot line to create a legal lot
via a lot line adjustment and thus the medical group took ownership of the 15 acres as a legal
lot. In addition, because the medical campus is not part of the residential part of the project, is
now owned by a medical coportation and will develop will develop separately and at it own
pace internally, the medical campus will need to be excluded completely from the Residenital
Phasing Plan.
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APPROVED
DAM 08/24/22
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hase 1 was expanded to include the location of the pressurized irrigation pumphouse. The
revious Phase 1 did not encompass the area for this pump station.
3. The large green space in the center of the residential portion of the project is now part of Phase
3 of the project, rather than Phase 6 as previously approved. This will allow for the large park
and the amenities to be built sooner.
4. The updated phasing plan shows larger lot phases over all. The rationale for this is an effort tc
counteract the longer than expected plan review times and potential delays in lot production.
The Initial and the Proposed Phasing Plans are shown in the accompanying exhibits. The buildable lot
count decreased by one on the updated phasing plan since the medical campus lot was removed from
the phasing plan.
Initial Phasine Plan
APPROVED
DAT 08/24/22
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APPROVED
DATE 08/24/22
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cted a pre -application meeting with the City on 6/28/2022 and the neighborhood meeting
acted on 7/18/2022. There was positive support for the phasing plan modification from both
We respectfully request your acceptance of this modification of the Development Agreement to replace
the former phasing plan with the updated phasing plan.
Sincerely,
Patrick Connor
Director of Planning and Design
Providence Properties, LLC