Letter of Intent Page 3 of 6 West: There is a 20 acre unplatted parcel containing one single family residence to the west of the Property. The Tri-Lakes Plan indicates that 2.5 acre development would be recommended in this location and current market conditions would indicate that if developed, the property would likely contain 2.5 acre lots compatible with the adjoining Cherry Creek Crossing subdivision to the north and the proposed Rolling Ridge Subdivision. The minimum building setback for lots adjoining the westerly property line has been increased from the required 25’ to 75’. North: The land to the north, Cherry Creek Crossing, is zoned PUD and contains 110 2.5 acre residential lots and PUD commercial. The properties are separated by the 180’ wide Hodgen Road right of way minimizing adjoining impacts. In addition, the adjoining land uses are similar to those proposed requiring no impact mitigation. East: There is a 40 acre PUD privately owned open space parcel separated from the Property by the 180 foot wide Highway 83 right of way. Because of the elevated Highway 83 and lower topography, the Property is not visible from the majority of the 40 acres. In addition, the open space land use is not incompatible with the proposed RR-2.5 land uses. The sixteen single family lots will be subject to a comprehensive set of Covenants, Conditions and Restrictions and an owners’ association. Among other things, the owners’ association will be responsible for ensuring compliance with the plan for augmentation for use of the Dawson aquifer groundwater. RR-5 to PUD/Preliminary Plan. As noted above, the Tri-Lakes Comprehensive Plan indicates the northeast portion of the Property as: “potential location for commercial uses which are specifically geared toward the needs of local residents.” The Plan recommends coordination with the land use policies of the Black Forest Preservation Plan which also suggests commercial nodes along Highway 83 at the intersection of Hodgen Road. In addition to the buffering/mitigation objective cited above, the Plan objectives applicable to this PUD request, are: “Encourage well planned commercial and office park development that incorporates unified site design and traffic circulation planning. Conversely, discourage strip-type commercial and office development that has adjoining parking lots.” Objective 7.1.7, p. 70 “Carefully consider the impacts of new development on the integrity and carrying capacity of the roadway system.” Objective 7.1.10, p. 70
Letter of Intent Page 3 of 6 West: There is a 20 acre unplatted parcel containing one single family residence to the west of the Property. The Tri-Lakes Plan indicates that 2.5 acre development would be recommended in this location and current market conditions would indicate that if developed, the property would likely contain 2.5 acre lots compatible with the adjoining Cherry Creek Crossing subdivision to the north and the proposed Rolling Ridge Subdivision. The minimum building setback for lots adjoining the westerly property line has been increased from the required 25’ to 75’. North: The land to the north, Cherry Creek Crossing, is zoned PUD and contains 110 2.5 acre residential lots and PUD commercial. The properties are separated by the 180’ wide Hodgen Road right of way minimizing adjoining impacts. In addition, the adjoining land uses are similar to those proposed requiring no impact mitigation. East: There is a 40 acre PUD privately owned open space parcel separated from the Property by the 180 foot wide Highway 83 right of way. Because of the elevated Highway 83 and lower topography, the Property is not visible from the majority of the 40 acres. In addition, the open space land use is not incompatible with the proposed RR-2.5 land uses. The sixteen single family lots will be subject to a comprehensive set of Covenants, Conditions and Restrictions and an owners’ association. Among other things, the owners’ association will be responsible for ensuring compliance with the plan for augmentation for use of the Dawson aquifer groundwater. RR-5 to PUD/Preliminary Plan. As noted above, the Tri-Lakes Comprehensive Plan indicates the northeast portion of the Property as: “potential location for commercial uses which are specifically geared toward the needs of local residents.” The Plan recommends coordination with the land use policies of the Black Forest Preservation Plan which also suggests commercial nodes along Highway 83 at the intersection of Hodgen Road. In addition to the buffering/mitigation objective cited above, the Plan objectives applicable to this PUD request, are: “Encourage well planned commercial and office park development that incorporates unified site design and traffic circulation planning. Conversely, discourage strip-type commercial and office development that has adjoining parking lots.” Objective 7.1.7, p. 70 “Carefully consider the impacts of new development on the integrity and carrying capacity of the roadway system.” Objective 7.1.10, p. 70
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