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NEIGHBORHOOD NARRATIVE Concept Plan: CENTRA HOMES The Parcel of land under consideration is the approximately 23 acres at the southeast corner of Bunker Lake Blvd and Armstrong Blvd. The land has a significant wetland complex that extends from north to south and makes a natural division of the land. Our intent is to preserve as much of the wetland complex as possible because feedback from the Consultants suggests that (he regulators will not approve a significant wetland impact for additional homes. We have planned for approximately 16.3 Acres east of this wetland complex to be a Residential Nefghbarhaod. We have also reserved about 3 net acres to the west of these wetlands for a potential Future Commercial Use as shown in Concept #1, Future Commercial Use: We have located a Future Commercial Use at the intersection of 147th Ave NW and Armstrong Blvd. We have reserved over 3 net acres (net of Wetlands) for this potential use. We have talked with many potential users about this land ranging from convenience stores to daycares and schools. At this point we do not have an end user for this site. We propose that the City retain this portion and continue to market the available land for future commercial uses. Contra will also continue to discuss the potential of this site to our market contacts. If we are able to find a user for this site, we will bring a proposal back to the City for review and offer to purchase. The commercial corner as proposed in Concept #1 is simply a space planning idea and does not have a specific user in place. The potential user and City Staff will provide specific details at the time that a user is ready to move forward. And if this site does not have a user in the next 2-3 years, we w]II bring forward a proposal to develop the site similar to Concept #2 to build additional residential homes that will match the neighborhood that would be built. ,Residential Use: The 16.3 Acres east of the Wetland Complex has been planned for detached residential uses. We are proposing 103 homes with a mix of trails, open space and alley's.