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Item 6A Extension Request Letter COOPER ANpSTEBBINS October 17, 2016 Mr. Ken Baker, Senior Director Planning& Development City of Southlake 1400 Main Street, Suite 310 Southlake, TX 76092 Re: Block 4111—The Residences Request for Extension Dear Ken: As of October 17, 2016,we are on track to meet the conditions to construction laid out in Council's 11/19/201.3 motion to approve the Parkview Residences. However with the Holidays approaching and plans just going in for permit, we are requesting Council's consideration for a slight extension of the SUP from November 20, 2016 to January 31, 2017. The request.to extend is enclosed for the City's consideration. The following is provided in support of this request. 1. City Council Conditions A. A minimum of 55%of the Garden District Brownstones lots have been sold. 21 of the original 33 Lots (64%) has been sold. [Note that the combination of some of the original lots for larger Brownstones has reduced the lot count from 33 to 30 lots. 21 of the 30 current lots yields 70%of current lots that have been sold.] As required, each sold Brownstone lot has a poured concrete slab and a water connection. B. 50%or more of The Residences have been pre-sold. In the final design, the unit count was reduced from 38 to 36 condos (which slightly increased the average size of the Residences). 18 of 36 Residences (50%) has been pre-sold. We are in the process of final documentation of these pre-sales. COOPER&STEBBINS L.P.,1256 MAID STREET,SUITE 240,SOUTHLAKE,TEXAS 76092 T.817-329-8400 F:817-251-8717 WWW.SOUTHLAKETOWNSQUARE.COM -r City of Southlake Block 4R1—The Residences Page 12 2. Building Permit. The civil plans for the Parkview Residences have been submitted. WDG Architects is finalizing the construction drawings for the building improvements, which are expected to be submitted in next few weeks. We expect to be ready to begin construction of the first project (relocation of a sewer line that is outside of the platted easement) within the next 30 days, subject to receipt of the necessary permit and the City's validation of the conditions to construction summarized above. Given the tight time frame, we are requesting this extension to avoid any last minute complications. As well, it will allow us to push the heavier part of the construction into the New Year, avoiding the busy Holiday season ahead. w Given the simple nature of this request, we are also requesting that this be considered a formal I submittal so that we have time to appear before Planning and Zoning and City Council before the November 20, 2016 construction deadline. Please let me know if you have any questions or are in need of additional information. Sincerely, I Frank L. Bliss President cc: Mr. Dennis Killough, Deputy Director Wally Maya, Marquis Group Adam Cooper,Cooper and Company Denise Carina, Cooper and Stebbins i i ! i