HomeMy WebLinkAbout77May31 (2)r
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May 31, 1977
Real Estate Developers Mr'• Richard Williams
P.O. Box 7009
P.O.Box 1847 Boise, Idaho 83727
10222 N.E. First Street
Bellevue, Washington 98009 pear Mr. Williams:
Telephone (206) 455-9696
In response to your request for information regarding the proposed
Cherry Lane development, I am hopeful that the following information
will be of help to both you and the City Council in reaching a favorable
determination regarding the proposed golf course.
The Board of Directors of Leavitt NuPacific Company have approved the
purchase of the Cherry Lane Property subject to certain conditions one
of which is the ultimate disposition of the golf course with respect
to both ownership and perpetual maintenance.
Our proposed plan of development is to create 200 lots and a small
area adequate to support approximately 45 apartment sites, or an equal
amount of duplex lots in lieu of apartments. In conjunction with
the development of this first Phase, assuming that the matter of the
ownership and maintenance of the golf course has been resolved, we
will build a nine hole golf course.
So there be no misunderstanding, the resolution of the ownership
and maintenance of the golf course is a very prime factor as to our
eventual purchase and development of any of the property. Should we
not be able to satisfactorily resolve the golf course matter, we will
not proceed with the purchase of any of the property.
Assuming that all goes well and that preferably the City, but in any
case some entity, takes over the golf course after completion of the
first 200 lots, it is our intention o c n roue o create more single
ami y lots primarily in 200 lot phases until we have developed
approximately one half of the subject property.
At such time as this has been accomplished we will then commence
development of tie latter phase of the development and will simultaneously
construct the second nine holes of the golf course. This again would
be dependent upon t e go cour an its maintenance being assumed
by another entity.
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Our company cannot commit to participate in either the construction ~
or the financing of a club house for the golf course.
Should the City decide to accept the golf course from Leavitt NuPacific,
I would suggest that the plans for the golf course be submitted for
~i°°~ aDnrnval h.~ r„+r trA r1tyZouncil and ourse ves. Further, upon
completion of the course, that JUB Engineers be instructed to inspect
the golf course, to acknowledge completion in accordance with the
plans and specifications originally submitted by our golf course
architect. At that time, we will deed the golf course to the City
of Meridian.
As I have stated herein is our intention to continue orderly develop-
ment of the entire parcel of land thereby creating a full community
and an 18 hole golf course but it should be recognized that, although
this is our intent, we cannot warrant or guarantee that we will
continue with the development should economic conditions dictate that
the continuation of this development would not be prudent judgement.
From a pratical standpoint considering the response that we have had
from local builders as to interest in the development, our company is
willing to take the gamble to create the first 200 lots and a nine
hole golf course knowing that the cost of that golf course will
definitely have an adverse effect on our profit margin on the initial
lots. I believe that you and the City Council, as representatives of
your citizens, must make your own determination as to the future
growth of your city.
Leavitt NuPacific has been involved in land development in the greater
Boise area for approximately 5 years, and we are proud to be a part
of the growth that is presently taking place. It is our intent to
build a fine development within your area under the jurisdiction of
your City. It is our intent to cooperate with all governmental
agencies involved to the utmost. If I can be of any further service
or should you need any additional input, we are at your service.
Most respectfully,
LEAVITT NUPACIFTC
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Donald H. Leavitt /~
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