7.1 SR 06-17-2013 - Laserfiche WebLink

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To: City of Elk River From: Meadow Creek Builders -Tim Pomerleau Re: Kliever Lake Fields 4th Addition Date: April 30, 2013 MEMO Kliever Lake Fields 4th Addition is a 21 unit single family development within Kliever Lake Fields located in the southwest quadrant of Fillmore Street and 181 st Avenue. Kliever Lake Fields is a development that began over 7 years ago with a mix of single and multi family products. This application is requesting to re -plat the northeast portion of this development from townhomes to a single family detached product. The applications being made are a re- zoning from R -3 to PUD, a conditional use permit for the PUD, preliminary plat, and final plat. The original plat is for 42 back to back townhomes. These types of townhome units are not presently viable to build new. Since the housing market crash starting several years ago, the market for this type of unit has suffered greatly. There are many townhome foreclosures in the area that are selling for well below what we could build them for brand new. The townhome market is still healing and until that comes back in this area, it is not in anybody's best interest to put brand new townhomes on the market that may not sell for quite some time. Meadow Creek Builders have paid out over $100,000 in property taxes since acquiring this neighborhood and have waited for some good signs in the housing market. We are seeing really good signs with this type of reduced lot single family home and there are neighborhoods similar to the one we are proposing that are having great success all over the metropolitan area including the north and northwest metro. We plan on placing a starting price for these homes at $180,000 which will provide a single - family home buying option to buyers who do not want a townhome and are not able to enter the higher price point single - family home markets. Not only are the types of homes we are proposing more viable in today's market but they will make a very nice single family addition and an additional life -cycle housing choice to Elk River and to the Kliever Lake Fields neighborhood. We are asking for a reduced setback along Fillmore Street NW from 50' to 25' minimum. We will maintain 50' setback along 18151 Avenue NW. We would also request 10' between buildings and 25' setback along the internal right of way. Because we are reducing the density on this plat by half, we are requesting some dispensation in the setback requirements so we can get 21 single family lots. We will provide a vegetative buffer between the homes and Fillmore Street as we did on the original plat. This buffer is comprised mainly of evergreen trees with some birch dispersed throughout. We appreciate you taking the time to consider our PUD application. We look forward to working with the City on Kliever Lake Fields 4th Addition and we are confident we will provide a successful, attractive new neighborhood to the City of Elk River. DATE RECEIVED ("q /30/13