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Item 7A NarrativeS. Peytonville Residential Neighborhood A project of Hat Creek Development Sage Group, Inc. 6 AUG 18 On this property, at 610 & 620 S. Peytonville Ave, we are proposing to build a luxury, custom home residential development with 14 home sites, on a 9.8 acre tract. The property is designated as “Medium-Density Residential” on the Southlake Future Land Use Plan, and this proposal- a request for SF-20A zoning- is consistent with that designation. It is bounded by the existing Southlake Woods neighborhood to the north, west and a portion of the south, as well as a larger single home estate along the south. The Parc Place neighborhood is across Peytonville to the east, and it is also a Medium- Density, SF-20A neighborhood. We have taken care to comply with the existing Medium-Density Future Land Use designation, and the Concept Plan contains a mix of 20,000+ s.f., and 30,000 s.f. lots for where we are adjacent to the larger lots within Southlake Woods and the one SF-1A lot to the south. These lot areas, and lot widths along the adjacent boundaries comply with the requirements set out in the Subdivision Ordinance for such adjacencies. We are proposing all of the homes within this neighborhood will be built by only the best custom builders available, and all plans will have to meet strict architectural guidelines. We anticipate the resulting home values to vary between $2 and $4 million. For marketing purposes- to help achieve these values, we are asking for this to be a private street, gated community. In speaking with the neighbors, the one concern which came up was a request to see if we could do anything- as a part of the development process- to minimize the peak drainage flow, on the existing creek leaving the site to the south. In order to address that request, we are proposing to build an on-line pond, with the intent to capture and detain a portion of the peak flow, and release it over a longer time period, thereby lowering the peak discharge. We feel this will positively help and improve the existing situation, and have communicated our proposal to the neighbors. NARRATIVE