Commission approves Parkside Phase 2 final plat and adjusts performance bonds

The Dire Planning Commission approved the final plat for Parkside Subdivision Phase 2 (approximate address 1643 Parkside Lane) on Aug. 17 and took related action on performance bonds for Phase 1 and Phase 2.

Staff told the commission that Phase 2 covers the final four buildings of the eight-building development and that all utilities for Phase 2 have been accepted. The commission considered Item 8-2 (performance bond for Phase 2) and Item 8-3 (a reduction in the Phase 1 bond) and voted to approve the amounts as presented. Staff noted that Niss Engineering provided calculations underlying the bond amounts.

During questions, Jeff, identified as representing Old Homes, said two homeowners are already living at Parkside, building three is currently under construction, building four is expected to start this fall, and the developer expects most buildings to be up by mid-to-late next year. Jeff gave the total unit count for the full development as 64 units across eight buildings, noting two buildings have seven units each. Jeff also said the developer will act as the HOA board until the community reaches roughly 80% occupancy and that First American Management is the property manager in place. On leasing, Jeff said covenants attempt to limit leasing consistent with the Fair Housing Act and permit temporary leasing for hardship cases with HOA approval.

Commissioners approved the performance-bond actions by roll call after discussion of the bond reductions and amounts. Staff indicated the Phase 1 bond had been reduced from roughly $892,000 down to approximately $72,768 because the work covered by that bond is complete; the Phase 2 bond amounts were presented and approved in the meeting record.