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Project Narrative <br />Capstone Homes is submitting for consideration a Master Plan <br />Ordinance Amendment for the development of 250 acres of <br />Mississippi Riverfront, into an exciting new mixed residential <br />community. Capstone Homes is a locally owned hometown <br />builder in the Twin Cities Metro area whose mission is to build <br />quality homes at an exceptional value, while serving and <br />positively impacting the community. Capstone offers modern, <br />open concept floor plans with a huge selection of available <br />structural and cosmetic options to fit any family’s needs. We are <br />the largest privately owned builder in the Twin Cities Area and <br />because we are family owned and operated, we treat each home <br />and homeowner with the utmost care, just like we would our <br />own families. <br />The Specht Family Farm is located at 16330 US Highway 10, <br />running adjacent to the Mississippi River. Nearly 1 mile of this <br />roughly 250 acre neighborhood are home sites that are on and <br />overlooking the Mississippi River. We have worked with city staff <br />and the Department of Natural Resources to establish a <br />neighborhood that protects the Wild and Scenic nature of the <br />Mississippi river throughout the acreage site. Through multiple <br />workshops, meetings and site walks we feel confident that the <br />Master PUD plan submitted meets the design requirements <br />defined in both the City of Elk River Ordinance and the State Wild <br />and Scenic River District. <br />Details associated with this Neighborhood development plan are <br />outlined in this submission for review by City Staff, Planning <br />Commissioners, and City Council members. We look forward to <br />meeting with the Council, Commissioners and respective boards <br />as we share our vision for meeting the growing residential needs <br />of Elk River. <br />Existing Conditions <br />Page 83 of 117