Title
Receive a status update on current development activity on the East Garrison development project.
Report
RECOMMENDATION:
Staff recommends that the Fort Ord Committee receive a status update on current development activity on the East Garrison development project.
DISCUSSION:
Phase 1 Housing Construction:
* Sale from UCP East Garrison LLC (the master developer) to Benchmark Communities LLC (the affiliate homebuilder) of 260 of the 272 lots for construction of market-rate homes in Phase 1 has been completed. Approval by the Assistant County Administrative Officer of the sale of the remaining 12 market-rate lots (Bluff product) is pending.
* To date (June 13) County RMA-Building Services has issued 236 building permits for market-rate SFRs in Phase 1. 211 houses have received final inspection (including the 12 model units). There are a total of 272 lots in Phase 1 designated for construction of market-rate single family homes.
* Sale of lots for the 60 Townhome units in Phase 1 is pending Board of Supervisors approval of the Advance Funding Agreement required to reimburse the County's costs for monitoring compliance with prevailing wage. When constructed, 19 of these units will be deed-restricted for moderate-income buyers, and the remaining 41 units deed restricted for Workforce 2 buyers.
Phase 2 Infrastructure Improvements & Housing Construction:
* Sale from UCP East Garrison LLC (the master developer) to Benchmark Communities LLC (the affiliate homebuilder) of 237 of the 315 lots for construction of market-rate homes in Phase 2 has been completed.
* To date (June 13) County RMA-Building Services has issued 86 building permits for market-rate SFRs in Phase 2. 14 houses have received final inspection. There are a total of 315 lots in Phase 2 designated for construction of market-rate single family homes.
* Sale of lots for the 90 Townhome units in Phase 2 is pending Board of Supervisors approval of the Advance Funding Agreement...
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