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Meadowsweet Bend <br />Proposal for New Residential Acreage Lots in Elk River <br />The team at Twin Cities Land Development (TCLD) is pleased to propose Meadowsweet Bend; a new large -lot <br />residential neighborhood at Ranch Road in Elk River, MN. <br />PROJECT SUMMARY <br />Meadowsweet Bend Proposes: <br />- 104 new construction, for -sale homes (across —217 gross acres) <br />- A range of lot sizes for buyers to choose from (min —1 acres to S+ acres) <br />Based on concept review discussions to date, our understanding is that the City of Elk River and community <br />stakeholders have expressed a desire for lower density housing within this area of the City. We agree that this is <br />the highest and best use for this land, considering the beauty of the existing land and the surrounding community <br />context. We are confident that there is very strong builder/home-buyer demand for larger acreage residential lots <br />in Elk River. <br />Proposed lots will meet or exceed the city's standard R-1B sewered zoning requirements, with the following <br />dimensions: <br />Lot Dimensions <br />R-113 Zoning <br />Meadowsweet Bend <br />Front Setbacks <br />35' <br />35' <br />Side Setbacks <br />10, <br />10, <br />Rear Setbacks <br />25' <br />25' <br />Min Lot Width <br />80, <br />120' <br />Min Lot Sq Ft <br />12,000 sq ft <br />40,206 sq ft <br />DEVELOPMENT GOALS <br />Meadowsweet Bend aims to deliver mutually desired new housing opportunities and significant community <br />benefits for both existing and new residents in Elk River. Through the creation of a new, thoughtfully crafted <br />residential neighborhood, we strive to bring to life the City's vision for the Ranch Road Corridor in the following <br />ways: <br />1. Residential Land Use: Encourage residential development with a variety of housing types that fosters high - <br />quality, livable neighborhoods, supports the established character of the area, and fosters greater housing <br />choice. <br />Meadowsweet Bend is positioned between the more traditional Windsor neighborhood and surrounded by <br />agricultural / rural land. The project proposes a mix of lot sizes that will provide a complementary buffer and <br />transition between the existing rural and residential uses. Meadowsweet Bend will help to expand the range <br />of housing options available in the City of Elk River and provide much -needed new home -ownership <br />opportunities. The neighborhood design allows for a range of price points and considers that many <br />homebuyers today wish to be part of a community with a strong sense of place while also providing a sense <br />of independence and open private space_ <br />Meadowsweet Bend, Elk River— Preliminary Plat Narrative 7.29.24 <br />Page 142 of 381 <br />