HomeMy WebLinkAboutNarritive of Matador final plat. Narrative
We have proposed to the City of Meridian for annexation, and preliminary and final plat for 1235 E. McMillan Road. Parcel No. R1608650120. 4N1E1. This Is currently 4.835 of an acre.
There are 14 buildable lots, and no longer into McMillan road.
On March 15th 2022 we had the required pre=application meeting. We took those notes and incorporated them in the plat. In addition we had the required neighborhood meeting. We sent
out 110 invitations to the meeting. We included the names of the property owners within 500 feet of the subject propriety. We included the areal of the area that the invitations went
out to, and a copy of the invitation letter. We had the attendees sign their names to the meeting signup sheet. There was only one person show up to the meeting. He just wanted to
know how we intended to control the construction dust during excavation.
We requested a rezone to R-4, and annexation into the City of Meridian. The average lot size will be similar to the surrounding subdivisions like Silver Spring, and Havasu Creek Subdivisions.
These subdivisions are also zoned R-4.
The finished housing product will be very similar to the homes in the contiguous subdivision Silver Springs. That subdivision has a mix of single level, and two story homes with an
average square footage of 3100 square feet. The largest square footage is 3620 and the smallest is 2102 square feet. The elevations should be very similar also, being of siding, cultured
stone, and asphalt roofing. The average sales of these homes is about $810,000. The low end of sales price is $720,000.The lots in Matador Subdivision are of similar size so we anticipate
similar size homes.
Under the conventions of elevations there are homes that show elevation that will be very similar to the material, and plans. Exterior elevations will have a mix in the hardy board variations,
including lap siding, ship lap, bat and board, Variations of brick veneer, real brick, cultured stone, rock, and stucco.
If the market maintains we anticipate the price range could be higher, or if materials, and labor continue to go up. It is also entirely possible that the prices could be lower if the
market does a correction, and material, and labor goes down. It is very hard to project in advance of getting subdivision approvals, and developed. We are seeing some correction in
the market now. The rise in interest rates continues, and is showing signs of continuing to go up. This is already showing an affect of the buyers buying power.
The Matador subdivision is considered to infill compatible to the surrounding are both in lot size and homes sizes. This subdivision will be , and comply with the city codes, and the
city comprehensive plan.
The city public works seems to indicate that there is adequate city sewer, and the city culinary water, Matador subdivision has made an agreement with Silver Springs subdivision to
joint pressurized irrigation systems. The final plat is in conformance with the approved preliminary plat and meets all requirements . The plat is in compliance with the UDC.
The developer has engaged the industrial professions who hold the bonding and the state and local requiredcredentials,and licenses to perform the civil engineering, surveying and architect
standards.
The development agreement Instrument number is 2023-015392.
Annexation/rezone ordinance number is 015108
IH number is 2023-0043.