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S1Ni' BY-RALEIGH ; 3 -28- 1 ; 17:05 ; KIMLEY -HORN 9199692014;# 21 <br />CEN'TEX HOMES <br />March 28, 2001 <br />Mr. Rogu Waldon <br />Planning Director <br />Town of Chapel Hill <br />306 North Columbia Stint <br />Chapel HUI, N. C. 27516 <br />Re: The Homestead <br />(7.24.12 and 71A..16) <br />Conditions of rezoning <br />10 <br />2790 National odwa, am" 101 <br />MItalah, NO 27812 <br />19121 TSI.1962 <br />F!Y (ally 871-aaaa <br />Mr. Craig Benedict <br />Planning Director <br />County of Orange <br />306F Rev= Road <br />14illsborough, N. C. 27278 <br />As we have discussed with Town staff and communicated in writing within the <br />application materials, Centex Homes willingly offers conditions that might be <br />placed upon the zoning map amendment from R -2 to R -4(Conditional) for the <br />approximate 48-am assemblage of properties to be known as The Homestead. <br />The arching conditions offered include:, <br />a A 4.1 units per acre cap on the msidential density of the retuned <br />acreagr, which is well within the adopted Con4whensive Fun's <br />target density of 4-9 units per acre fur the property. <br />• Provklon of affordable housing (&Tined as 80 percent of the arca's <br />median income for a family of four) at a rate of 15 percent of the <br />total housing. <br />We would be willing to formalize these condaltiorrs and have them attached to the <br />zoning amendment by whatever means that drange County and/or alto Town of <br />Chapel Hill chores acceptable. <br />Sincerely, <br />41. 1.1 U <br />Lae Dunn <br />Land Acquixitions Manager <br />