Minutes - 20031030 - Laserfiche WebLink

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^ Misc. uses 19% {hotel, restaurant, CCRC, daycare, community college, and civic parcel} ^ Parks/open spaces 7% ^ Roads 8°~ Commissioner Alice Gordon arrived at 7:50 p.m. There are three construction phases. They may roll from one phase directly to another but there are three distinct phases. Jack Smyre said that they are seeking annexation from the Town of Hillsborough, establishment of zoning, and the approval of a master plan. Hillsborough Town Manager Eric Peterson said that this is the third feasibility study on this project. He estimates six more weeks before it is completed. They are working on the general fund and the most difficult part is the arrangement of the fire department. They are assuming there must be an additional fire station. They are also working on updating the water capacity study and need to understand the water availability and the effect on the wastewater plant. Chair Brown asked about the total number of residential units that were proposed for Waterstone. Jack Smyre said 509, but half are apartments. Chair Brown said that this is virtually an elementary school. She asked if they were providing space for an elementary school. Jack Smyre said that their analysis was that there was capacity far all school levels. They are not providing any space in the development for a school. Chair Brawn asked about the open space and Jack Smyre said that there was 7-8% of open space. This does not include open space on individual parcels. This is dedicated open space. There is not a clear understanding of the total open space. Chair Brown asked if there were any conditions for a park. Jack Smyre said they are giving 10 acres of land to the Town but they are not going to build a park. Chair Brawn asked about civic uses to the Town (i.e., fire, police, etc.}. Jack Smyre said that they are giving 3.6 acres to the Town for civic uses. Chair Brown said that she was surprised that there was a place for a community college. Jack Smyre said that this was expressed as a desirable use at the public hearings. The site would not be given for a community college. They are working with the staff on the cost of the site. They will discount the price for the community college. The market value of the land is $3 million. Chair Brown asked about the master plan and zoning for specific uses. Margaret Hauth said that the whole parcel would stay zoned entranceway/special use. Chair Brown said that she was comparing Southern Village and this project and the acreage was slightly less than Southern Village. The number of units in Waterstone is a lot more than Southern Village. She said that Southern Village lacked a park site except for a private recreation area. The Town of Chapel Hill bought a park site south of this before Southern Village was developed. The park was paid for by County bonds. Chapel Hill also had to buy a very expensive piece of property so that they could build a fire station. Chapel Hill also had to hire more employees for police staff. Grange County actually had to pay to police the area until Chapel Hill annexed it. She said that this is an example of how the public picks up the tab for development.