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HomeMy WebLinkAboutLETTERS - 07-00348 - Hidden Valley Trails Ph1 - Final Plat�o aexavR,, r CITY OF ° REXBURG An¢rirai Fnmily Cammunity February 23, 2009 Cecil Satterthwaite Valeo Management 1080 South Depot Dr. Ogden, UT 84404 Re: Hidden Valley Trails, Phase 1 — Final Plat (07 00348) Dear Mr. Satterthwaite: We have received your letter requesting an extension on the time allowed to record the final plat for Hidden Valley Trails, Phase 1, with Madison County. This final plat was approved by the City Council on September 19, 2007. The Sub -Division Ordinance for the City of Rexburg states that " The final plat shall be filed with the County Recorder within six (6) months after approval by the Council; otherwise such approval shall become null and void unless an extension of time is applied for and granted." We are accepting final plat recording extension requests for several other final plats until March 31, 2009. At that time, those requests, including yours, will go before the Planning and Zoning Commission and the City Council for review and approval. We will notify you of the date your request will be considered. Thank you for your extension request. We will be in touch with you soon. Sincerely, Gary Leikness Planning and Zoning Administrator cc: File #07 00348 Dyer Group Gary Letkness Planning and Zoning Administrator 19 E. Main Rexburg, ID 83440 P.O. Box 280 Phone (208) 359-3020 ext. 314 gaq_Qr-burg ore w .rexburg.org VALEO MANAGEMENT 1080 S. Depot Drive Ogden, Utah 84404 Tel. (801)-334-0151 Fax (801)-476-3393 Re: Time Extension for Hidden Valley Trails subdivision On May 16, 2007, we received approval of the preliminary plat for Hidden Valley Trails subdivision. On September 6, 2007 we received final approval for phase 1 of the subdivision. Our initial plan was to begin construction, and record phase 1 in the spring of 2008. During that time the real estate market started to deteriorate, and has continued to do so. We wish to postpone construction of phase 1 until the market strengthens. We are excited about the Hidden Valley Trails subdivision but would like to ask for an 18 month extension for the project. Thank you for your consideration, Cecil Satterthwaite Valeo Management G, 901-3-t1 —!3 y 5— VALEO MANAGEMENT 1080 S. Depot Drive Ogden, Utah 84404 Tel. (801)-391-1345 Fax (801)476-3393 Re: Time Extension for Hidden Valley Trails subdivision On May 16, 2007, we received approval of the preliminary plat for Hidden Valley Trails subdivision. On September 6, 2007 we received final approval for phase I of the subdivision. Our initial plan was to begin construction, and record phase 1 in the spring of 2008. During that time the real estate market started to deteriorate, and has continued to do so. Since that time, we requested and received an extension for the project until December of 2010. The Real Estate market has remained stagnant. We developed Canyon View Estates in 2007, which originally consisted of 32 lots, 16 lots are still on the market. We believe the Hidden Valley Trails subdivision is in a great location for single family housing, but the market can't support it yet. I understand there have been no significant ordinance changes that would affect the design or engineering of single family developments. We do not believe it is feasible to add lots to the market at this time. We would like to request an additional extension of time, 18 months, for the Hidden Valley Trails subdivision. Thank you for vuur cnnsidengtinn Cec Val �%/20`20l0 '0'a7003g8 <A" Uw t N+ Received an extension request letter from Valeo Management = (Cecil Satterthwaite) for Hidden Valley Trails Phase 1 Final Plat, which had been granted a recordation extension request (in May 2009) until December 31, 2010. I called Mr. Satterthwaite today and told him that per Val Christensen, this final plat has been granted another extension for recordation until December 31, 2011.1 -Etre. I IIZL17 , rr �� vv— �",erv� VALEO MANAGEMENT — -- 1080 S. Depot Drive Ogden, Utah 84404 (�, , j C> 1 a 0 13 Tel. (801)-391-1345 `U1� Fax (801)-476-3393 V� qq e Re: Time Extension for Hidden Valley Trails subdivision a ,,/ We have requested and received an extension for the development of the Hidden Valley Trails Subdivision until December of 2011. We are grateful for the understanding that Rexburg city has shown us in allowing us to postpone the development due to the slow housing market. The Real Estate market has remained slow. We developed Canyon View Estates in 2007, which originally consisted of 32 lots, 16 lots are still on the market. We have not sold a single lot in 2011. We believe the Hidden Valley Trails subdivision is in a great location for single family housing, but the market can't support it yet. I understand there have been no significant ordinance changes that would affect the design or engineering of single family developments. We do not believe it is feasible to add building lots to the market at this time. We would like to request an additional extension of time, 18 months, for the Hidden Valley Trails subdivision. Thank you for your consideration, [CITY — — � u v L� D NOV 2 2 2011 Cecil Satterthwaite Valeo Management O REXB ,, VALEO MANAGEMENT 690 W. 1100 S. Ogden, Utah 84404 Tel, (801)-391-1345 Fax (801)-476-3393 Re: Time Extension for Hidden Valley Trails subdivision We have requested and received an extension for the development of the Hidden Valley Trails Subdivision until June 2013. We are grateful for the understanding that Rexburg city has shown us in allowing us to postpone the development due to the slow housing market. The Real Estate market has remained slow, but we have seen signs of strengthening. We developed Canyon View Estates in 2007, which originally consisted of 32 lots, 13 lots are still on the market. We did not sell a single lot in 2012, but so far in 2013 we have closed on 3 lots. We believe the Hidden Valley Trails subdivision is in a great location for single family housing, but the market can't support it yet. If the market continues to show positive signs, we would like to start a first phase of development of Hidden Valley Trails as early as the Spring of 2014. 1 understand there have been no significant ordinance changes that would affect the design or engineering of single family developments. We do not believe it is feasible to add building lots to the market at this time. We would like to request an additional extension of time, 18 months, for the Hidden Valley Trails subdivision. Thank you for our consideration, Cecil erthwaite Valeo Management b/&/a0/.3 *01003`(8 U OI use e���- VALEO MANAGEMENT 690 W. 1100 S. Ogden, Utah 84404 Tel. (801)-391-1345 Fax (801)-476-3393 Re: Time Extension for Hidden Valley Trails subdivision Phase 1B We have requested and received an extension for the development of the Hidden Valley Trails Subdivision until June of 2013. We are grateful for the understanding that Rexburg city has shown us in allowing us to postpone the development due to the slow housing market. We have seen an improvement in the housing market and have been able to sell several lots in Canyon View Estates in 2013, and the first part of 2014. We would like to start construction on the first phase of Hidden Valley Trails by June. Our original plan for phase 1 consisted of 40 single family building lots. We are nervous about putting in such a large phase at one time and would like to split the build out of phase 1 into two parts, phase IA, and 1B. The Dyer group is currently working on the drawings for this plan. This plan would delay the building of phase 1B until next year. We are hopeful that this will be agreeable with Rexburg city, and would like to ask for an extension for phase 1B until the summer of 2015. Thank you for your consideration, Cecil Satterthwaite Valeo Management _.__----- MAA 2 0 2014 Elaine McFerrin From: Cecil Satterthwaite <csatterthwaite@hotmail.com> Sent: Friday, March 21, 2014 7:50 AM To: Elaine McFerrin Subject: RE: Time Extension for Hidden Valley Trails Subdivision Phase 1B Thank You From: elainem@rexburg.org To: csatterthwaite@hotmail.com CC: valc@rexbura.ora; wdyer@thedyergroup.com Date: Thu, 20 Mar 2014 17:13:23 -0600 Subject: Time Extension for Hidden Valley Trails Subdivision Phase 1B Dear Mr. Satterthwaite, I am writing concerning your letter that was just received regarding your plans to move forward soon with Phase 1A of the Hidden Valley Trails Subdivision, and your request for extension of time for Phase 1B until the summer of 2015. Per my conversation with Community Development Director Val Christensen, this request for extension of time for Phase 1B is granted, so long as the development moves forward in a timely manner. Thank you for your letter and for keeping the City of Rexburg informed. Sincerely, Elaine McFerrin P&Z Coordinator City of Rexburg 208.359.3020 ext. 2334 3 1p 1d':9/V t-4