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• ORONO PLANNING COMMISSION MEETING <br />MINUTES FOR JULY 219 1997 <br />( 423 - #2263 Brook Park Realty - Continued) <br />Berg indicated that the land value attributes to the cost. She felt the proposal was too high <br />density. <br />Smith said the plans are an improvement over what is on the property now but saw a problem <br />with resolving the density issue. <br />Hawn questioned whether the same size units would limit the type of residents who would <br />purchase the property. She asked whether the developer has considered building some units <br />bigger to allow for more of a mix of residents. Bill Gleason said the main issue was with <br />keeping costs down. They are gearing their development to young couples or singles. They <br />originally considered providing housing for empty nesters but there is not enough room for one <br />level housing. The acreage would only allow for 16 one -level units, and Gleason felt empty <br />nesters would desire a housing cost less than $130,000. <br />Berg asked if the interior units in the building would be smaller. The applicants said they were <br />all the same size at just under 1500 s.f. finished. <br />• <br />Berg asked what market analysis the developer has done to determine who their buyers would be. <br />Bill Gleason said he thought $150,000 per unit would be too high for townhome buyers. He <br />acknowledged that land costs were high but felt the street and infrastructure costs were the main <br />concern. <br />Berg inquired what the development cost per unit would be. John Gleason said it would be about <br />$30,000 with the lot. He noted that access to the property would be through an existing <br />neighborhood which sets the tempo for the housing. <br />Gleason said the homes would have maintenance free siding. He also indicated that an <br />association would be formed. The entry cost would be $120,000 with options available that <br />would increase the cost. The homes would include a set package. Gleason said building two <br />level townhomes is more affordable. Bill Gleason said the unit development cost would be about <br />$15,000 to $16,000 not including the land. Berg noted that the cost would increase for the <br />premium lots. <br />McMillan questioned the road access to CoRd 15. Gaffron said it is shown in concept only if the <br />adjacent property is similarly developed in the future. <br />• (Schroeder arrived at this time.) <br />3 <br />