Laserfiche WebLink
<br />. <br /> <br />so that an architectural control committee within our company <br />controls the arChitecture, or the design, of the house. As to <br />the dollars question, I doubt very much that anything on there <br />could be built for less than $100,000, or probably $140,000 or <br />$150,000 or $160,000. We sincerely hope that it will be in <br />that range, or more, .because the lots are going to have to be <br />priced at $25,000 and up. One doesn't build $100,000 homes - <br />that's probably the minimum that you can build on a $25,000 <br />lot. I don't anticipate devaluating the properties around it <br />at all. I don't mean to sound elitist - I think we're going to <br />do a good job of controlling the architecture. However, we will <br />not - I strongly doubt that we'll be building the homes. That <br />is not our custom. <br /> <br />MAYOR WOODBURN: Another question I can perhaps answer <br />here - this is a residential zone-and this type of zone, 95 <br />feet is the minimum lot that would be allowed - 14,000, plus <br />or minus, square feet. <br /> <br />MR. STOUTENBURG: Isn't that quite a bit more from what <br />our standard lots are there? <br /> <br />MAYOR WOODBURN:. Perhaps more than what yours is, but not <br />in an R-l zone -it's 85 feet, I believe, in R-2; 95 feet, I <br />believe, in R-l. Your lots were designed a while before the <br />zoning was in, I'm sure. I would like to just vaguely comment <br />on something else you said - I think the general experience is, <br />when new, expensive houses are built in a neighborhood like <br />this, that it helps the housing value. <br /> <br />MR. STOUTENBURG: It helps their housing value. <br /> <br />MAYOR WOODBURN: No, yours. I think that is what is <br />generally found. I'm not a realtor -somebody else might want <br />to comment on that too. <br /> <br />MR. LAUGHINGHOUSE: I did remember another question the <br />gentleman asked - the lots on the east side are extra large. <br />The reason is that the land along the east side is quite low. <br />It's sort of an extension of that pond that's up on the north- <br />east corner. That is the reason that they are larger lots. <br />It's not possible to move the road to the east and put more <br />lots in. We have put the lots in, more or less to the stand- <br />ards of the City - minimum standards of the City. Again, what <br />the Mayor said, 95 foot frontage and so many square feet. <br /> <br />. <br /> <br />MR. STOUTENBURG: When you go through a project like <br />this, do you level off all the trees or are you going to leave <br />most of the oak trees that are in that area back there and <br />let the homeowner that buys the lot determine how many trees <br />he wants to cut down? <br /> <br />MR. LAUGHINGHOUSE: Same answer. A modern developer is <br />not like the developer in the 1950's. We all learn, I guess. <br />Not that I was a developer ,in the 1950's, but we don't clear <br /> <br />6 <br />