HomeMy WebLinkAboutBRIDGEFIELD P.U.D. - PRELIMINARY - 45-94 - CORRESPONDENCE - CITY STAFF (9)Our second Important mutual goal, I• believe. should be to make every effort to educate
the City Council as to the value of this natural. resource area and why it is important for
the people of Fort Collins. I think the unique attributes of this space can and should be
well documented, especially by citizens and members of this Natural Resourcea
committee. It is unique to have a natural resources area of this quality and character
located centrally in a city. The opportunity to purchase Heatheridge Lake at this time is
an Important one which should be looked into. The ability for people and wildlife to
wend its way down from the southeast oorner of this property along the ditches to
Rolland Moore park is an Important one which should be explored and planned for.
While it is unfortunate that the City didnotpurchase this property at a much cheaper
price some years ago, there is no benefit to looking backwards and oasting stones.
We are dealing presently with an opportunity based unfortunately on current real
contract prices but nevertheless a real opportunity for the City to acquire this property.
The City Council will ultimately make the decision, but citizens and members of this
Natural Resources committee will most persuasively provide the information on which
that decision Is based, and again Lagunitas Company as developer is amenable and
supports an outcome maximizing open space to the City provided the process is
expeditious.
Please contact Susie 13ordon or Tom Shoemaker at the City Department of Natural
Resources or myself with any questions or suggestions as to how to proceed. I think.
another Natural Resources committee meeting within two weeks would be a good
idea.
Best regards, and thanks for your interest and support for natural resource areas
preservatiomand this project.,
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TO: Bridgefield Natural Resources Committee.Members
FROM: Jon Prouty
DATE: September 23,1994
RE: Update
I . continue to be committed to doing a relatively low density (townhouse density as
opposed to apartment density), detached single family and duplex homes (no
townhouse or apartments), aesthetic, pedestrian -friendly, environmentally sensitive
housing development. on the,north.12.77,acres, of a 16.47 acre parcel of land located
between The Bridges at the west, Hpatheridge at the east, Prospect at the north and
Stuart Street at the south. See enclosed cross-section I drawing showing the land of
approach we will use to deemphasize roadways and to emphas an aesthetic and
well -buffered transition between housing and open space.
My interest in doing this is constralned.by certain co
ntr tuat limit lions which require
me to continue to move forward with the project on a ' d time table..;
Repeating what (..have said in the past, not '.only am I willing to sel( i i 2.4
acres of open space to the City, but ave copped the rive bous4s onSlu rt Street
making the open space available for ale 3'. acres (22.5 site). ,•-
in addition, I halvef
mitted to maintaining th arimer County Canal open space in
its. natural state wcontribute another . acres of open space (not purchased by
City) which bringsl ope pace to acres or 26% of site.
-'Furthermore, I am amenablge eW before and after preliminary P & Z action to sell in
T_addition all Ihe-developabl(property -south-nf- Larimer County Canal #2 which is 4
acres. This would bring the total open space sold to the City to 7.7 acres (47% of site).
If the Larimer County Canal #2 open space is added in, this brings the total open
space to 8.84 acres or 54% of the site.
Our first mutual goal, I believe, should be to make every effort to reduce the effective
price which the land owner is charging for the property and which price must be paid
by the City to acquire the open space. I must be left with an acceptable cost basis in
the property which I have left to develop, but have no intent or interest, to profiteer in
"this regard at *the City's expense. Tom Shoemaker has brought in a very
knowledgeable and experienced consultant, -Marty Zeller, who is working with the out-
of-state.land owner, Keith Scharf, to posslbly{educe the,effective.cost of open space -to
the City by use of creative deal structuring and tax benefits to the land owner. I support
these efforts.
TO 'Cl £9:ST 3n-L b6-LZ-das
September 23, 1994
Mr. Steve Olt, Planning Department
City of Fort Collins
281 N. College
Ft. Collins, CO 80521
RE: Bridgefield
Dear Steve:
Thanks for the comments on the project. I will work through them with the various City
departments and professionals involved, and I will make every effort to have this
project in order for our October 24, 1994, P & Z hearing. This is imperative because of
the contractual constraints I am under.
Two very significant items:
1. We will drop the five premium large lots on Stuart Street , however, this tightens up
the economics of an already difficult project and we will reallocate the sales dollars to
13 additional small non -premium lots which will be integrated into the project.
2. As you know, we are actively working with Natural Resources to put together the
best possible deal for the City for the purchase of open space. I offered to sell 2.4
acres, now up to 3.7 acres, and am amenable to an additional 4.28 acres which is 7.98
acres (48.5% of the project). I am amenable to receiving preliminary P & Z approval
subject to my continued good faith negotiation with Natural Resources for an
additional 30 days for the sale of up to this amount of property and / or a restructuring
of the purchase with the property owner as may be beneficial for the City.
Thanks for your assistance, Steve. Best regards.
Sincer
Jonat . Prouty
3307 South College Avenue, Suite 200, Fort Collins, CO 80525