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SENT BY ~ RA1.t= I GH ; 3-28- 1 ~ 17 ~ 05 K I ld..EY-HORN 9199692014 ~ # <br />~EIVTLX 1-I~tME5 <br />19 <br />asap Nw•eN od.., vwu <br />n.~r~, Nc s~~,s <br />---._~ <br />n,q ~~t-r~ea <br />Far (n1) O'1t~aas <br />Maech 28.2x01 <br />Mr. xcager Waldoa <br />Planning Director <br />Town of Chapel I~'il! <br />30b Notch Col~nnbia Sweet <br />Chapel k1i11, N. G 27516 <br />Mr. Craig Benedict <br />Planaing Diractar <br />Covnry of Orange <br />306E Revem Road <br />Flillahorough, N C. 27278 <br />Re: Tha Homestead <br />(7.24..12 anti 7.?.4..1 b) <br />Conditions of t+czonitig <br />As we have diecussecl With Town staff and ccnmmn-icatcd in wilting within tho <br />application nuaterials~ Centex Homes willingly afI'eis cauditiaas that might be <br />l~~ ~ ~ xoning map smendmcut fi+om R-2 m R-4(G~nditional) for the <br />approximate 4$-acTS assemblage of ~ to be la~awa as The Horncstead. <br />The rexvning coaditiona affercd hxlude: <br />~ A 4.1 units pcx acre cap oa the xrsid~al density of the teraned <br />adage, which is well w;min the adopted Campcehensiv~e Plan's <br />tatgct deasiry of 4-R units per acre far the property. <br />+ Provision of affacdable housing (dofined as SO perea~t of the at+ea's <br />mediat- income foe a f~'ly of four) at a rate of 1S perxnt of the <br />fatal housing. . <br />Wo would he willing to fana-li~,e theso oonditians and have them attadu~d W the <br />zoning amendment by whatever means that Orange County and/or tits Tuwn of <br />Chapel N111 deems arac~ble. <br />5incer~ely. <br />• Lee Bann <br />Land Acxluisitions Mapager <br />