7.2. SR 08-18-2014 - Laserfiche WebLink

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To: City of Elk River From: Meadow Creek Builders-Tim Pomerleau Re: Kliever Lake Fields 5`b Addition Date: June 27,2014 MEMO Kliever Lake Fields 5b Addition is a 22 unit single family development within Kliever Lake Fields located directly west of Kliever Lake Fields 0 Addition. Kliever Lake Fields is a development that began over 8 years ago with a mix of single and multi family products. This application is requesting to re-plat the 5'h addition in a similar manner that we re-platted the 4'h addition changing the site plan 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 36 row townhomes. As with Kliever Lake Fields 4`h Addition,these types of townhome units are still not 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 still 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. 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 right here at Kliever Lake Fields 0. We plan on placing a starting price for these homes at$210,000 which will once again 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 would like to request 10' between buildings and 21' setback along the internal right of way. Because we are reducing the density on this plat,we are requesting some dispensation in the setback requirements so we can get 22 single family lots. We will provide a vegetative buffer between the homes and the pond on the north acting as a screen for 181 `Avenue NW. We appreciate you taking the time to consider our PUD application. We look forward to working with the City once again on Kliever Lake Fields 5t`Addition and we are confident we will provide another successful,attractive new neighborhood to the City of Elk River.