Agenda - 02-17-2005-5b - Laserfiche WebLink

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We believe that this range of residential products (four different types of housing opporhmities) provides home ownership for a variety of price points, while also providing opportunity for multi-generational sales (a family chooses to buy asingle-family home and a grandpazent chooses to buy aChazleston-style home or a townhome unit). This blend of residential uses should serve to create an exciting and dynamic neighborhood that provides healthy diversity for the Town of Hillsborough. Although portions of the site aze relatively flat, and we have sought to use these areas for the Chazleston-style and townhome units, there aze aeeas where maintaining design guideline street grades will necessitate tree removal. Accordingly, the developer, who appreciates the value of trees and landscaping with regazd to the beauty and aesthetics of a neighborhood, proposes a front yard replanting program in instances where no existing vegetation can be saved between the house and the street on single-family lots. In addition, we envision that a street tree planting program will be utilized in the Chazleston-style and townhome aeeas. Finally, we note that approximately 30 percent of the site is protected as open space, including the northwestern comer that includes steep slopes where the site drops down to Cates Creek and the Eno River. The conceptual site plan respects these environmentally sensitive areas and does not propose any development for this portion of the site, Water Capacity Analysis The Town's Updated Water Capacity Analysis for FYs 04-14 (see Attachment `C') includes this site (identified as Map ID #10 - Prrmm Property) with a total of 250 dwelling units and 215,500 square feet ofnon-residential square feet. (fur development program includes 250 dwelling units (a density of 2.1 units per acre), a small clubhouse/recreation center with a pool, and a 20,000 squaze foot mixed-use building. Consequently, we believe that we are right on target with the number of residential dwelling units proposed on the site, and that there is still neazly 200,000 squaze feet of non-residential space available for the approximately 30-acre mixed-use azea that we have identified along the northern edge of the US 70-Business corridor (see Attachment `D'). Therefore, we believe that this development program will be able to utilize existing water capacity as foreseen by the Town's own analysis, and will provide additional in-town customers who will be able to help offset the Town's Water/Sewer Fund expenses. Concluding Thoughts We believe that the conceptual development program for the US 70-Business Property site presents a valuable oppornurity for the Town of Hillsborough to enhance the nature and character of the US 70-Business entranceway corridor. In particulaz, we believe that this proposed development would provide the opportunity for the Town to grow in a logical manner, placing new residences in close proximity to several travel corridors (iJS 70, I-85, Durham Freeway) while m;nimy~ing impacts on the congested Churton Street corridor. Furthermore, the Town has the opportunity through this project to make a statement regarding the type of development the Town would like to see adjacent to the northern edge of this eastern entranceway corridor. Perhaps most importanfly however, this development represents a quality opportunity for the t Town to increase its tax base and add in-town water customers with minimal additional Town expense. US 7D-Busineu Pmperiy-(:onceptual Development P`og~am Page 4 of 4