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5 <br />breakdown of RCD areas and steep sloped areas and explained <br />different approaches for possible development. He summarized <br />that there might be 24 acres of the total tract that would be <br />considered buildable but the number of units that could be <br />placed on those 24 acres would be determined by the whole 50 <br />acre tract. <br />Mr. Smith pointed out that both Lystra Rd and Obey's Creek <br />did sale prior to January 1, 1987 at roughly 6% below our <br />assessments. <br />Mr. Waldon verified that the properties on the west side of <br />15/501 are zoned R -2 and on the east side are zoned R -1. <br />Mr. Smith referred Mr. Waldon to a memorandum subpoenaed by <br />Mr. Barrett from the Town Manager to the Town Council dated <br />Feb 24, 1986 and asked Mr. Waldon to explain the effect on <br />densities to R -1 and R -2 properties in planned development <br />or multi - family projects. Mr. Waldon explained that prior <br />to the change in 1986 the density cap was 3 units per acre in <br />R -1 and 7 units per acre in R -2. Then it was lowered in the <br />R -2 zone from 7 units to 4 units per acre, and the R -1 zone <br />was unchanged. <br />Mr. Smith pointed out that the properties that are selling <br />for $20,000 per acre are the properties in the R -2 zone <br />that were reduced from 7 to 4 units per acre, in a multi -use <br />development. <br />Mr. Smith then compared the Culbreth Park property indicating <br />sloped areas and percentages and the RCD areas. Mr. Waldon <br />confirmed that this subdivision had been approved for 50 <br />cluster development lots. <br />Mr. Smith continued the discussion with Mr. Waldon concerning <br />the use of sloped areas for open space or recreational areas. <br />Mr. Smith asked Mr. Waldon if cluster development might be <br />appropriate for the Bennett property and Mr. Waldon replied <br />affirmatively. Mr. Waldon also confirmed that you are <br />allowed to cut the size of lots in half for cluster <br />development. <br />Mr. Smith also pointed out that the comparables that sold did <br />not have water & sewer but it did not seem to hinder the <br />sale. <br />In closing, Mr. Smith recommended no change in current <br />appraisal on all properties under appeal. <br />Mr. Lloyd then responded to the Delbert and Lottie Mayse <br />appeal to clarify the results of the preliminary perc test <br />results. He summarized that the test on the Delbert <br />Mayse property indicated one percable site, and one <br />borderline site, but pointed out that there were no test done <br />8 <br />