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CP AND HG RESIDENTIAL LOTS, LLC

AND CITY OF PALM COAST

CASE HISTORY / SETTLEMENT AGREEMENT/ MASTER PLANNED DEVELOPMENT

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PRRESENTATION OVERVIEW

1. Case History RecapComparative Development Potential

2. Settlement and Commitment Agreement Update

Land Exchange Summary

3. Master Planned Development Agreement UpdateSingle Family Residential Zoning classificationDensityDevelopment StandardsConceptual Master Site Plan

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LOCATION/AERIAL MAP

EASTHAMPTON BLVD. ERIC DRIVE

EBB TIDE DRIVE EGAN DRIVE

EGRET TRAIL

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Comparative Development Potential 1 2 3 4 5

County Designation

City Designation

Potential City Designation

Previous Proposed

Current Proposed

Residential LowDensity (28.69acres

Greenbelt(28.69 acres)

Residential(28.69 acres)

Greenbeltw/MPD(21 acres)

Greenbelt w/MPD37 acres

3 units/acre 1 unit/acre 12 units/acre 2.8 units/acre 1.6 units/acre

86 units 28 units 344 unitsTownhouse (200 units)Multi-family (300 units)

60 units 58 units

14.59 acres openspace

14.59 acres open space

14.59 acresOpen space

22 acres open space

18 acres open space

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Current Ownership: Developer: 29+/- acres City: 14+/- acres

Exchange of Property: Developer conveys 22 6+/- acres of 29+/- acres to City City conveys 14+/- acres to developer

Post Land Exchange: Developer: 21+/- 37+/- acres City: 22+/- 6+/- acres

Open Space: 22+/- 18+/- acres (6+/- ac. City/12+/- ac. Developer)

SETTLEMENT AGREEMENT: LAND EXCHANGE UPDATE

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DEVELOPMENT AGREEMENT HI-LITES UPDATEDPermitted Uses: Single Family Residential (SFR-1) (SFR-2)Maximum Number of Lots: 60 58 Minimum Lot Size: 6,600 sq. ft. 8,250 sq. ft.

Building SetbacksFront: 20 ft.Side: 5.0 ft 7.5 ft.Rear: 10 ft.Perimeter Buffer:North and Westerly property perimeter: 25 ft.

Off-Site ImprovementsDeveloper shall contribute a sum of $90,000 for community improvements. Sidewalk Right Turn Lane Monument Sign

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COMPARATIVE SITE PLAN PREVIOUS CURRENT

60 SFR lots 60’ x 110’ min. 6,600 sq. ft.

58 SFR lots 75’x 110’ 8,250 sq. ft. (interior) 80’x 110’ 8,800 sq. ft. (perimeter)

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CURRENT MASTER SITE PLAN

CP and HG Residential Lots, LLC .

37+/- AC.

City 6+/- ac.

36 8,250 sq ft minimum (75 ft x 110 ft)22 8,800 sq ft minimum (80 ft x 110 ft)58 Lots

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MINIMUM LOT CRITERIA: EXISTING/PROPOSED75’

110’

60’

110’

Total Residence area: 3,312 sq. ft.

Total Living Area: 2,512 sq. ft.

Total Residence area: 3,800 sq. ft.

Total Living Area: 3,012 sq. ft.

Living Area

Non-Living Area

Driveway

Property Line

Bldg. Envelope

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RECOMMENDATION

Settlement and Commitment Agreement (Presentation only)Formal action to be taken by City Council at the business meeting of March 20, 2012.

Master Planned Development (MPD) rezoningCity Council approve first reading of Application #2382 – Rezone of parcel number 07-11-31-7034-AT2-0010 and 07-11-31-AT2-0000 from Estate -2 and Public/ Semi-Public to Master Planned Development.