AG 2008 10 20 - Laserfiche WebLink

Home Browse Search

1 ' MEMORANDUM To: Cabarns County Board of Commissioners From: Sisie A. Morris/Planning and Zoning Manager Subject: Consent Agreetrent and School CapacityInform~tion for Preston Ridge Apartment Project Date: 10/14/2008 The Preston Ridge apartment project was approved by the City of Concord Plannir-g and Zoning Board on November 21, 2006. The project consists of 412 multi family units on +/-49.791 acres ' located on Weddirigton Road The specifics of the agreement are as follows: ^ Developer - Weddington Road Properkies, LLC, P.O. Box 1229, Wilmington, NC 28401 ' Payment of $1,331 per unit will be paid in full for 336 multi-family residential apartment units prior to the issuance of a building permit. Should the developer choose to construct all 412 units, payment of $1,331 for the remaining 76 multi-family residential units will be paid in full prior to the issuance anybuilding permits for those 76 units. ^ Build out schedule ~wuld be no more than 252 multi-family residential apartment unit building permits issued in calendar year 2009, no more than 84 multi-family residential apartment unit building permits issued in calendar year 2010, and no rrwre than 76 rrurlti- familyresidential apartment unit building permits issued in calendar year 2011. ^ The developer has agreed to notify the Cabamas County Commerce Department if the 76 multi-family units are not constructed in order for staff to adjust the Subdivision Lot ' Inventory accordingly. The APFO worksheet filled out by Mr. Robert Kluttz with Cabams County Schools indicates that schools irr~cted by the Preston Ridge aparmnt project are currently functioning at the following capacities: Carl A. Flux Elementary School - 98.26% ' Harris Road Nfiddle School -114.90% Jay NL Robinson High School -99.81% Including previously approved subdivisions, these schools will be functioning at the following ' capacity upon completion of the Preston Ridge apaztment project: ' Carl A. Fun: E lementary School -111.56% Harris Road Nfiddle School -173.48% Jay M Robinson High School -110.48% The Capital Improverrent Plan includes the Cox 1Vfill High School, projected to open in 2009 and ' will provide relief to Jay M Robinson and Northwest Cabams High Schools. An addition at Carl A Furr Elecrientary School in 2010 will add 200 seats. The CIP a]so includes a new middle school in 2010 in the south central part of the county that will provide relief to Harris Road Nfiddle School All im roverr~ents listed above are to be funded in the 2009 fiscal ear p y . Cabarrus County Schools operating at 110% capacity are considered to be operating at the ~ ' c~t3'• Item# 30 The Subdivision Lot Inventoryhas been Updated through September 2008. Attachment number 1 ' G-5 Page 434 of 468