HomeMy WebLinkAboutII. A. PRINCESS ANNE VILLAGE 7.9.2024Princess Anne Village
Stormwater
Amanda Jarratt, Deputy City Manager
LJ Hansen, Public Works Director
July 9, 2024, City Council Briefing
DISCLOSURES
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Applicant: Princess Anne Village, LLC – Richard Burroughs, Charles F. Burroughs, III
Owner: Lewis Mikesell and Michelle T. Mikesell
Legal : RJ Nutter, Troutman Pepper, LLP
Architect: Frye Properties – Michael Watkins
Financing: GMAC Mortgage, LLC (owner existing financing)
Engineer: Kimley Horn – Laurence Benson; Kellam Gerwitz Engineering – Bob Kellam
•Initial rezoning granted by City Council on January 18, 2022
•Subdivision includes 77 lots, 93 units (16 garage apartments)
•Property is located below the Green Line @ 2.5 units/acre
•AICUZ Sub Area 2
•Estimated net tax revenue gain to the General Fund is $263,000
annually
Princess Anne Village
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•Discussions regarding this cost participation date back to 2021.
•Existing public drainage system undersized and failing in
multiple locations.
•The proposed system as designed contains public stormwater with a
separate system to accommodate the private drainage.
•Design paid for by developer totals $65,000.
•Private stormwater system estimated at $4M.
Request for Participation
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Existing Conditions
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•Improve public stormwater system from Princess Anne Village up to
Princess Anne Road: $1,570,000
•10% contingency : $157,000
•Total City Cost: $1,727,000
Request for Participation
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•City Council may consider cost participating in the proposed
Princess Anne Village stormwater project by paying a not to exceed
among of $1,727,000.
•If City Council is amendable an ordinance could be added to an
August City Council agenda for consideration.
Next Steps
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Questions & Discussion