HomeMy WebLinkAboutBELLA VIRA FILING 2 - MJA/FDP - FDP140001 - SUBMITTAL DOCUMENTS - ROUND 1 - PLANNING OBJECTIVESStatement of Planning Objectives
Bella Vira, Second Filing
Replat/Major Amendment
December 31, 2013
The objective of the Bella Vira Phase 2 PDP submittal is to replat the existing approved 25
unit multifamily plan by creating lot lines, and amend the use to single family attached.
The current multifamily buildings, street, and open space design will remain unchanged.
Changes to the utility plans consist of replacing the 6 water/sewer services allocated to
each building, with 25 individual water/sewer services.
The original multi family plan will require minor updates to the grading and stormwater
design in order to be compliant with the city's current standards.
The Bella Vira Phase 2 plan has its own development agreement and is owned separately
from the overall original Bella Vira plan that included 60 single family detached lots.
Accordingly the replat plans will now consist of only the Phase 2 design.
Maintaining the same overall design of the original development plan provides a new plan
that is as good as the original. The refinement of creating single family attached lots and
adding water and sewer to each unit creates a new plan that is better than the original.
This desired change is precipitated by the recent economic crisis and subsequent negative
effect on mortgage financing of condominium purchases. Instability in this particular
mortgage market has generated a climate of risk aversion on the part of lenders to finance
new condominium construction. Subsequently we are forced to modify our design in order
to qualify for new construction financing.