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Mooresville Planning Commission, March 11, 2021 <br />mentioned that a couple she had assisted had been looking for a home for more than two years; both are teachers <br />and paying as a household $1,300 in rent each month. <br />Jeff Turley read a prepared statement, with the following key points in summary: <br />• He reminded the Commission that in 2006, after months of research, public meetings and painstaking <br />planning put into the PUD -R, the Mooresville Planning Commission approved the development, and then <br />the housing bubble burst in the recession of 2008. He stated that since that time, the economy and the <br />housing market have recovered, but no progress has been made on the approved development plan. <br />• He stated that the current petitioner is requesting substantial reductions of construction minimum <br />specifications from the 2006 plan, and he believes that this proposal is wrong for the Mooresville <br />Community, as homes of lesser quality will steer community progress in the wrong direction. <br />• He stated the petitioner previously indicated a home density of less than 2.2 units per acre, but the <br />petitioner further outlined a minimum lot area of 12,00 SF and average lot size of 14,500 square feet, <br />which would translate to 3.0 — 3.6 units per acre. <br />• He stated that the petitioner's description of the proposed homes is misleading. The images shown <br />included homes with masonry, roof pitches greater than 6/12, and some metal roofing. The voluntary <br />commitments however, outline exteriors of "ANY type of material acceptable to the developer." He and <br />his family believe that the standards outlined in the approved 2006 PUD -R, including masonry, 8/12 roof <br />pitch, foundations on crawl space or basement, and a minimum of 1,800 SF of living space is essential to <br />maintaining a needed construction standard for the development. <br />• He stated that average price per square foot of living space in Mooresville is currently $165, which <br />indicates a "starter home". While this type of buyer is essential to any community there are existing <br />starter home developments, but fewer middle income developments, thus there is no where for these <br />families to go in Mooresville to upgrade. As well first home buyers are more likely to experience <br />foreclosure, especially in a declining economy. <br />• In conclusion, he outlined the following points as reasons to stick to the 2006 approved PUD -R <br />o Homes would be more attractive, of better quality and better value to potential buyers <br />o Homes would have less long term depreciation due to better quality construction and materials <br />o Community property values would be maintained, or may increase <br />o Homes would provide more diverse community members with "middle housing" options <br />o Fewer foreclosures <br />o Assessed values would inereate tax revenue for the community <br />o Builder indicated compliance with 2006 PUD -R would increase home prices by $20K - $25K, <br />which, at current mortgage rates would translate to an additional $95/month. <br />Carl Atwell addressed the Commission stating that prior to 2006, a flood had disrupted SRI 44 and washed out a <br />large culvert near his property. In 2006 the property owners altered the property sufficiently that all drainage <br />flows from the west and washes out his property. He stated he'd lived on his property for 36 years and he feared <br />being washed out from both the west and the east sides of his land. He asked when the owners would put in a <br />holding pond, how they were going to contain drainage and where the drainage would be diverted. <br />Eileen Mathers stated that she and her family have grown and established a hardwood tree farm, and were the sole <br />south border property owners for the proposed development. Her property also borders a similar starter home <br />development, Grandview, and she outlined three points for consideration: <br />