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<br /> -.., <br /> We don't know specifically where it is within fifty or a <br /> hundred feet and the area that lies south of that line <br /> which includes Cherrywood II that is not subject to this <br /> plat is on the order of two to four acres. It is not really <br /> feasible nor would it be economical for another <br /> developer other than Mr. Storck to come in and buy <br /> that two to four acres for single family detached homes. <br /> That is why the allusion to Mr. Storck was put in. If he <br /> were to come back in and replat Phase III to <br /> accommodate the two to four acres for single family <br /> homes and append it to Cherrywood II that would make <br /> some sense. <br />Davidson: If Storck does not buy the land, then Homart will <br /> attempt to sell the land for use other than single family <br /> homes? Is it currently zoned where it could be used for <br /> multi-family? <br />Shonkwiler: Yes. <br />Davidson: So that gets into the question of these people who buy <br /> homes along what potentially could be multi-family. <br />Shonkwiler: With regard to this particular builder, I can tell you <br /> from personal experience and the number of referrals <br /> that I've gotten and the knowledgeable questions asked <br /> by the people who called, they are very well aware of <br /> what was going to be constructed. This builder does a <br /> very good job of informing his buyers of what could be <br /> built adjacent to him. <br />Franklin: The traditional land use concepts involve a transition of <br /> intensity of uses away from major roads and arteries and <br /> the only tools we have to use are basically commercial <br /> office, multi-family followed by single family. It is a <br /> common tool to gradually increase density and go to <br /> multi-family as one approaches in a land use sense, a <br /> major intersection or a major artery where the noise <br /> and other environmental factors require more work. <br /> Where multi-family or commercial can accommodate <br /> that through extra expense, where traditional single <br /> family homes aren't expected to. In a land use sense we <br /> do use multi-family and office and transitional kinds of <br /> uses to buffer single family from intersections or other <br /> 22 <br /> -- <br />