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Paxmar Recommendations for City Support of Northfork Meadows Addition <br />The following talking points were provided by the Developer of Northfork Meadows (Paxmar) as <br />suggestions for supporting a change to the Comprehensive Plan Amendment from Low Density <br />Residential to Medium Density Residential. <br />Please note that City Staff does not necessary support nor endorse each of these items. City Staff is <br />avoiding responding to each of these talking points to avoid a loop of 'point/counter-point'. <br />Reasons city should consider approval: <br />1. Have a developer who is willing to pay almost 60% up front for overall projected costs of Puma <br />extension (total estimated costs puma street extension $1.4 million- developer portion <br />$800,000). [Staff note: this cost -share agreement has not been reviewed by the City Council. It <br />would still obligate the City to certain future expenses.] <br />2. Plan increases density, which will increase long-term tax revenue. <br />3. Not feasible to develop under straight [Low Density Residential/R-1 Residential District]. <br />4. Plan fits to area- Not a lot of amenities to area and is basic flat field located next to business <br />park to south, multi- family to west, busy street to north and single family to east. <br />5. Would increase rooftops to attract commercial/business users in new business park and existing <br />COR. <br />6. Give community more choices on housing stock for area and not limit to [one] builder. <br />7. Decrease city exposure of failure to [recoup] fees by allowing multiple builders/product being <br />built. <br />8. Finishes entire area with least amount of prolonged roads under construction. <br />9. Shows strong support to business leaders that city's growth is important- lots of housing options <br />for workforce. <br />10. Would give city a surge of cash with lots of [fees], [Sewer Availability Charge (SAC) and [Water <br />Availability Charge (WAC)] fees being paid. [Staff note: the goal for the City is not to maximize <br />collection of fees. Fees are being collected to offset impacts of development and to pay for <br />infrastructure needed to serve the proposed development. Staff would recommend that this not <br />be a finding to support the request.] <br />