PC 10/10/1990 - Laserfiche WebLink

ROLL CALL VOTE AYES : Commissioner s Horan , Hov i ngh , McGU i rk , M i the 1 ott i , and Chairman Mahern NOES . None ABSENT . None ABSTA= N . None Re s o tut i on No _ PC - 9 O - 9 S wa s entered aril adopted approving Ca s e UP - 9 0- 4 1 a s motioned _ Tract 6 3 6 1 Svmmerh i 1 1 Deye 1 ovmeat COmDa av Application by the 5~~+••+••arhill Development Company for approval of a teatat iv@ tract map to subdivide as approx ima to 1y 1 2 . 4 6 acre site i ato four condom is ium 1o t s for t2ze purpo s e o f accommodat iag 1 5 3 ua i t s located at the aorthwe s t corner o f iie s t La s Po s i to s Bois 1 6vard and 8 toast idge Drive ( Lot 2 4A o f the Ha c i eada Bus ia6 s s Park) . Mr _ Sw i f t presented the stn £ f report recommend i ng approve 1 o f Tract 6 3 6 1 subj ect to the condition s o £ the s t a £ £ report _ Chairman Mahern a sked why they are requesting that the l of s be br olcen int o f our s ep ar ate l ots _ Mr _ Sw i ft r ep l i ed that th i s ha s to do w i th how they are proposing to pha s e the pro j ect _ He de £ err ed further exp 1 anat i on to the app 1 i cant _ THE PUBL= C HEAR=NG iiAB OPENED . .Ta clc Mason , 7 7 7 Cali f orn i a Avenue , Pal o A l t o , r epr es ented the application _ He explained they ar e a sk i ng f or f our s eparate l of s be caul e o f an agreement w ith the s e 1 1 er a nd be c au s e o f the pre s ent -day £ inn nc i ng arena _ He s aid s ome o £ the 1 of s w i 1 1 be deve 1 oped i n 1 9 9 1 and s ome i n 1 9 9 2_ From a prudent standpoint , given what i s happening i n the ma rlcet p lace and the f i na nc i ng ava i 1 ab 1 e to bu i 1 d a number o f un it s, they f e e l it i s much more better to talcs a phased approach t o the project _ Prior to i nd iv idua 1 ownership ~ it st i 1 1 remain s uncle r one owner sh i p ~ which would be w ith Summerh i 1 1 and w ith their contract w i th Prudential _ Comm i s s i oner Horan expressed concern about the phasing process and d i s cus s ed th i s w ith Mr _ Mason _ Chairman Mahern a sked whether each homeowner w i 1 1 own the i t un i t and a l s o a c erta i n portion o f the 1 and _ Mr _ Mason exp t a i ned that under a g iven agreement that i f they were to do the f its t ha 1 f o f the project and encompa s s that i nto one phase , the homeowner w i 1 1 own the a it spa ce and an unspec i f i ed undivided i mere s t i n the tote 1 amount o £ 1 and that ha s been i n that ph a s e that ha s been £ i nanced and provided f or _ Summerh i 1 1 • s reason f or reducing the project t o a sma 1 1 er s i z e i s that v i rtua 1 1y no 1 ender i n the - 1 5 - _... _.. _. ..T .. _~._ _ _._._ __. ... _._.