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CC - Narrative DEVCOLL, REAL ESTATE DEVELDIRIVIENT September 23, 2020 Planning Division City of Meridian 33 E. Broadway Ave., Suite 102 Meridian, Idaho 83642 RE: Impressive East Ridge 2 Development Agreement Modification Attached for your review and favorable consideration is the Development Agreement Modification application for the Impressive East Ridge 2 Subdivision. With this modification we are requesting a small lot adjustment, amenity update and removal of the Development Agreement Addendum dated 3/20/2019. This phase of construction consists of 38 Residential, 1 Private Street, 2 Common Drive Lots and 6 Common Lots on approximately 7.91 acres of land in the R-15 zone. Approved Applications: o AZ, PP—H-2017-0129 o DA 2018-052339—Inst.#2018-052339, 6/7/2018 o DA Addendum 2019-021791—Inst.#2019-021791, 3/20/2019 o Final Plat H-2018-0062 On behalf of the applicant, DevCo Development respectfully requests approval of this Development Agreement Modification. This project will provide quality and desirable housing opportunities for Meridian residents. Thank you for your assistance with this matter, should you have any questions or require additional information please contact Laren Bailey at 208.336.5355. Sincerely, Laren Bailey 4824 W. Fairview Ave. • Boise, Idaho • 83706 208.336.5355 DEVCOU, REAL ESTATE DEVELOPMENT East Ridge Phase 2 — Development Agreement Modification Narrative Protect Description East Ridge Village is located in south Meridian and fronts East Lake Hazel Road just west of the South Eagle and Lake Hazel Road intersection. As you can see below,this community will be a positive addition of product mixes to this growing area. Location Map lk §uuthern Highlands WhileBark Sky Mesa r'. East Ridge community is a 139-residential home-site planned development on forty acres on East Lake Hazel Road in South Meridian. The Community will consist of two product types—the Estate Home- sites on the Rim will consist of 17,000 to 37,000 square foot home-sites and The Village will be an age targeted neighborhood for the mature homeowner. The Village homes are structured as maintenance free which is inclusive of all maintenance and is managed by the homeowner's association. The traffic generated from The Village is less than 60%of a typical single-family home. Residential Design East Ridge Village will consist of 96 senior living homes that will be located inside the gated portion of the development. Village Homes Area—This first phase of the gated and age-targeted neighborhood is on 7.91 acres and will have 38 homes that will provide for a diversity of housing types in the area and near the new city park. September 17, 2020 2 1 P a g e East Ridge Narrative DevCo LLC DEVC0. REAL ESTATE DEVELOPMENT DA Modification—Lot Layout Adiustments The original lot layout and street network in the approved preliminary plat for phases 2 and 3 of the Eastridge Subdivision were patterned after our Movado Village Development, near Overland and Eagle Roads,that has been hugely successful. Unfortunately,the lot layout, setbacks, common driveways and building placement has proven too difficult for the Meridian Planning and Building Staff to corelate to the City Code and has caused many delays and difficulties throughout the home construction process. In working with staff to find a solution to these issues it has become apparent that a more traditional front facing approach is the best solution. We are requesting to update the lot layout and reorient the lots to the common streets rather than using common driveways to access the units. The number of lots has not changed from the preliminary plat to the final plat.The lot sizes have been decreased slightly due to the removal of the common driveways that were a part of the lot. This will increase the useable yard area to each lot. The following table illustrated the minor changes in lot sizes and open space: Old New Min. Lot Size 4,980 SF 4,718 SF Average Lot Size 5,876 SF 5,406 SF The common drives, in the original layout for the Village, average 560 SF per lot which is why the average lot size is larger.That space is now in the private streets, so it is no longer a part of the lot.The home sizes have not changed. The following is a breakdown of the old and new open space numbers: Phase 2&3 Old New R-15 Site Area 17.65 16.60 Open Space Area 1.92 1.71 Open Space% 10.9% 10.3% Total Proiect Total Site Area 40.99 40.99 Total Open Space 4.32 4.36 Total Open Space % 10.5% 10.6% Even though the open space in phase 2 & 3 has been reduced slightly,the open space for the overall development has increased slightly. September 17, 2020 3 1 P a g e East Ridge Narrative DevCo LLC DEVCOU, REAL ESTATE DEVELOPMENT DA Modification-Amenity Update Due to changes in the needs and wants of potential buyers in this p new Covid-19 era, it has —— . .� lYeMOIANlpM',,YII x become necessary for us -----_— to change our amenity package for the o Eastridge Village. u Initially we had proposed a club house for residents to use as a d< gathering place within e the gated potion of the community. Following the current Covid-19 --------------- outbreak and subsequent social distancing protocols it d has become evident that , our potential buyers are no longer interested in an indoor gathering area. Surveys of potential residents have shown that buyers would prefer outdoor amenities over indoor ones. Our data gathering has also indicated that dog parks are at the top of the list of potential amenities among the age groups we are targeting for this community. As a modification to the previously approved amenities,we are now proposing an outdoor, open-air clubhouse ramada- type structure, a fenced dog park, a large rock pillar water feature, and a large open park area. DA Modification—DA Addendum Removal Other DA modifications include removal of previsions of an agreement with the owner of the neighboring property to the west. Since the approval of the East Ridge preliminary plat that property owner has sold their property and another development has been approved. Since we will now have homes backing to homes there is no longer a need for a berm or additional setbacks. A wrought iron fence that had been installed along the western border of the project will be replaced with solid fencing. We are not planning to change any of the estate lot requirements as they are already constructed or under construction currently. CONCLUSION DevCo is respectfully requesting approval of the Development Agreement Modifications for this spectacular new community located in South Meridian. This project will provide a quality mix of products and desirable homes at allowable densities while maintaining compatibility with Meridian City Codes as well as the surrounding properties. Thank you. September 17, 2020 4 1 P a g e East Ridge Narrative DevCo LLC