In a recent government meeting, city officials discussed the implications of variances on a proposed residential development agreement with Toll Brothers. The purchase and sale agreement stipulates a price of $375,000 per approved lot, with a maximum of 52 lots, totaling an estimated $19.5 million. However, concerns were raised regarding the potential loss of lots if variances are not granted.
City representatives indicated that the removal of variances could significantly impact the number of lots available, estimating a potential reduction of 8 to 10 lots. This would result in a decrease of approximately 10% or more in the total number of units, which is considered substantial for the project. The discussions highlighted the complexity of site plans, with each plan requiring compliance with various regulations, including lot width and coverage.
One official expressed disappointment that the city had not fully explored the development's feasibility without variances before entering into the agreement. Questions were raised about the clarity of the request for proposals (RFP) process, with concerns that developers may have been misled regarding the necessity of variances.
The city had previously engaged a broker to solicit proposals, receiving over ten submissions, but ultimately selected Toll Brothers as the preferred developer. Officials noted that the commission had made it clear that they were only interested in a maximum of 52 homes for the site, which was understood to involve variances from the outset.
As the meeting concluded, officials emphasized the importance of adhering to land development codes and site plan factors in their review process, while also acknowledging the financial implications of potential changes to the project. The discussions underscore the ongoing challenges in balancing development goals with regulatory compliance and community standards.