Thursday, December 20, 2007

Mr Real Estate Blog Middlesex Virginia New Residential Development

December 2007 MIDDLESEX, Virginia - A proposal for a 379-home subdivision will head back to Middlesex planning commissioners after the county supervisors expressed concerns Tuesday night about whether the developer's incentives are legally binding.
Developer Gene Ruark has tried for two years to gain approval to build the homes on 630 acres in the Hartfield area of Middlesex. His request to reclassify 326 acres to allow homes to be built was considered Tuesday night by the Middlesex Board of Supervisors, but withdrawn after questions arose over incentives and other issues.Supervisors want two entrances to Ruark's subdivision and also want to ensure the proffers, essentially incentives offered to the county by Ruark, are legally binding, said Middlesex Planning Director George Hayfield.

Ruark withdrew his request and the application will be taken up again by the Middlesex County Planning Commission, most likely in February, Hayfield said."It's hard to see where he could possibly put a second entrance," Hayfield said.Ruark said the entrance and exit to his subdivision will have two lanes each, which is more than sufficient."Deltaville only has one lane going in and one lane out," Ruark said. "For 10,000 people. Or 8,000 people, whatever it is."Ruark said he is offering $1,000 per lot to be paid to each of the local fire department and rescue units. In addition, he would pay the county $3,000 per lot. Altogether, the proffers could mean nearly $2 million for the county.
The homes would sit on lots about three-quarters of an acre in size. The price range is from about $300,000 to $380,000, Ruark said.The subdivision would have a clubhouse, tennis courts, swimming pool, two playgrounds and two community docks on two lakes on the property.The subdivision would provide an estimated $1.9 million in annual property tax revenues to the county, Ruark said. He also said the subdivision would have a minimal effect on schools."I market to retirees," Ruark said. "They don't have children."Ruark said he will work with the county's legal counsel to ensure the proffers are legally binding.

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