TO: Mayor and City Council
FROM: Beth Beatty, City Manager
SUBJECT:
title
Ordinances and a Resolution Associated with Lakewood Prairie Subdivision, Unit 3.
Ordinance Approving the Final Planned Unit Development of Lakewood Prairie Subdivision, Unit 3. (PUD-5-24)
Ordinance Approving the Recording Plat of Lakewood Prairie Subdivision, Unit 3. (RP-6-24)
Resolution Approving a Development Agreement for Lakewood Prairie Subdivision, Unit 3. (M-2-24)
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BACKGROUND:
The petitioner, CalAtlantic Group LLC, is requesting approval of a Final Planned Unit Development (PUD) Plat and Recording Plat of Lakewood Prairie Subdivision, Unit 3, located at the southeast corner of Theodore Street and Barberry Way. The City Council approved the Preliminary Planned Unit Development at its March 19, 2024, meeting. The subject property was annexed into the City and zoned to its current zoning designation of R-1B (Single-Family Residential) zoning in 2003. The property was annexed and zoned with the greater Lakewood Prairie subdivision and was intended for development of over 200 single-family residences. Development of the subject property was delayed due to unfavorable market conditions. At this time the subject petitioner, CalAtlantic Group, LLC, wishes to develop 213 single-family residences on the subject property. The originally approved Preliminary PUD contained 214 dwelling units. Homes would range between 1,428 and 2,607 square feet and would feature 2-2.5 bathrooms and 2-4 bedrooms per unit. Initial market pricing for the homes would be between $385,000 and $405,000 for ranch-style homes, and between $430,000 and $465,000 for two-story homes. Draft elevations and floor plans of the proposed models are attached.
The subdivision would feature an extension of Fawnlily Circle to the north from the Lakewood Prairie, Unit 2 subdivision, in addition to six new streets as depicted on the Final PUD Plat. The proposed PUD would have an approximate density of 3.05 dwelling units...
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